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<p>[QUOTE=&quot;Juan Blanco, post: 1629099, member: 41665&quot;]I&#039;m not really interested in the bullion/coin debate, but I suppose there&#039;s usually/normally some (slight&gt;significant) numismatic premium on coin. </p><p>Look at the price differences between 1ozt Engelhard ingots (or some other basic bullion) and &quot;unc&quot; ASEs (which many here consider bullion.) However slight, that difference is a numismatic + monetary premium; it fluctuates! Suppose that difference (now, a trifle) will one day herald the collapse of the USD - when normal folks <i>really </i>want those modern US Ag bullion coins and be willing to pay gouging premiums. </p><p><br /></p><p>Assume a 20 ozt purchase &amp; $25.s/h:</p><p>Today on APMEX POS @ 31.80, the lowest &#039;.999&#039; Ag (random ingots) sell @ 33.49 (x 20 +$25. = $695. or <b>$34.74 ozt.</b> ) .... 9.25% premium over POS</p><p>2/1/2013 on APMEX POS @ 31.80, the lowest &#039;.999&#039; Ag (random rounds) sell @ 34.49 (x 20 +$25. = $715. or <b>$35.74 ozt.</b> ) .... 12.39% premium over POS</p><p>2/1/2013 on APMEX POS @ 31.80, the lowest ASEs (20 random years) sell @ $36. (+$25. = $745. or <b>$37.25 ozt.</b> ) .... 17.14% premium over POS</p><p><br /></p><p>For 2/1/2013, the <b>basic bullion coin premium looks to be ~6.3% and the US coin &#039;numimatic&#039; premium 1.6% over cheap bullion coin = 7.9% over basic bullion ingot. </b>But keep in mind that 17.14% over POS, the big picture... fwiw, ASEs on feeBay today sold at exactly the same rate. </p><p><br /></p><p>Does a 17.14% on ASEs sound steep, and can you buy 20 ozt cheaper at your LCS? Maybe, it depends. But there&#039;s <i>always </i>(some) numismatic premium w/ US coins... unless you find someone liquidating his/her stash in desperation. CL might be cheaper, caveat emptor, etc. Just my $0.02[/QUOTE]</p><p><br /></p>

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