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Can someone help me understand the ASE economics?
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<p>[QUOTE="ottybak, post: 3246424, member: 99595"]Okay, I am looking on eBay right now and there is a seller who is selling monster boxes of ASEs for $8082.50 each (today's price). He sells a couple dozen a day.</p><p><br /></p><p>But $8082.50/500=$16.16 per coin.</p><p><br /></p><p>That is about $2 over spot. Now I see that Authorized US Mint Purchasers can buy ASEs for $2 over spot.</p><p><br /></p><p>How is this person making money? eBay charges $250 final value fee (capped if they have a store), shipping certified mail this size is probably $30-40.</p><p><br /></p><p>I know some dealers will send off entire monster boxes to be rated, sell the 70s and 69s, and the offload the rest... but is it possible this is happening in this case? Especially since the boxes are sold as mint sealed? And what of all the other sellers selling ASEs only $100-$200 more than this?</p><p><br /></p><p>I don't know how anyone can make even a nickel profit at these prices. Is there some secret wholesale price certain dealers get?[/QUOTE]</p><p><br /></p>
[QUOTE="ottybak, post: 3246424, member: 99595"]Okay, I am looking on eBay right now and there is a seller who is selling monster boxes of ASEs for $8082.50 each (today's price). He sells a couple dozen a day. But $8082.50/500=$16.16 per coin. That is about $2 over spot. Now I see that Authorized US Mint Purchasers can buy ASEs for $2 over spot. How is this person making money? eBay charges $250 final value fee (capped if they have a store), shipping certified mail this size is probably $30-40. I know some dealers will send off entire monster boxes to be rated, sell the 70s and 69s, and the offload the rest... but is it possible this is happening in this case? Especially since the boxes are sold as mint sealed? And what of all the other sellers selling ASEs only $100-$200 more than this? I don't know how anyone can make even a nickel profit at these prices. Is there some secret wholesale price certain dealers get?[/QUOTE]
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