Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Fidelitrade Offering ATB 5 oz'ers
>
Reply to Thread
Message:
<p>[QUOTE="krispy, post: 1085328, member: 19065"]So you must have seen what sets of these bullion coins are selling for on eBay... There are sets of the bullion coins still selling on eBay for greater than 100% profit or <i>numismatic premium</i> on what buyers got them for. I think you and plenty of others are biased against these coins for the same reason, they are very difficult to obtain right now and this literally hurts peoples feelings who may have wanted the coins. Therefore we see people blame every other aspect of the coins impossible numismatic premiums, others' foolishness to overpay for the bullion at these rates, dealers taking 'advantage' of collectors (essentially what dealers do when given half the chance)... Much of this will fade as more coins hit market and a collector base develops (or flops if such a base doesn't).</p><p><br /></p><p>FideliTrade's price of $929.20 is hardly something to laugh at. For $929.20 (minus the $69 FedEx expedited return s/h built into that cost), at $860.20 for just the coins and less the 10% mark up ($86.02) the APs were allowed/restricted to place, this comes to $774.18 / 5 coins or $154.84 per 5 oz. coin. Friday 1/22 closing Ask price for silver spot on Kitco.com was $27.55. If buying with the typical $1-$3 over spot we can still round this to $30/oz making an example easier to illustrate. With silver's performance, it's not such a stretch from buying 5 ounces at $25-$30/oz. = $125-$150/5 oz. From there you can add the mark ups and s/h charged raising the price, but then these are (right now) covered by outperforming numismatic premiums.</p><p><br /></p><p>These flipped prices may not always be the case as is often the way of flipping new hot coins from the Mint. Collectors and dealers are paying the current prices, not PM investors. There are simply smarter things to <i>invest</i> money in and everyone knows that without making perverse comments about coins or certain bullion due to their scarcity. The buyers of these bullion coins at inflated bullion prices, whether buying direct from the APs or from flippers on the secondary market are not investors in that sense.[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 1085328, member: 19065"]So you must have seen what sets of these bullion coins are selling for on eBay... There are sets of the bullion coins still selling on eBay for greater than 100% profit or [I]numismatic premium[/I] on what buyers got them for. I think you and plenty of others are biased against these coins for the same reason, they are very difficult to obtain right now and this literally hurts peoples feelings who may have wanted the coins. Therefore we see people blame every other aspect of the coins impossible numismatic premiums, others' foolishness to overpay for the bullion at these rates, dealers taking 'advantage' of collectors (essentially what dealers do when given half the chance)... Much of this will fade as more coins hit market and a collector base develops (or flops if such a base doesn't). FideliTrade's price of $929.20 is hardly something to laugh at. For $929.20 (minus the $69 FedEx expedited return s/h built into that cost), at $860.20 for just the coins and less the 10% mark up ($86.02) the APs were allowed/restricted to place, this comes to $774.18 / 5 coins or $154.84 per 5 oz. coin. Friday 1/22 closing Ask price for silver spot on Kitco.com was $27.55. If buying with the typical $1-$3 over spot we can still round this to $30/oz making an example easier to illustrate. With silver's performance, it's not such a stretch from buying 5 ounces at $25-$30/oz. = $125-$150/5 oz. From there you can add the mark ups and s/h charged raising the price, but then these are (right now) covered by outperforming numismatic premiums. These flipped prices may not always be the case as is often the way of flipping new hot coins from the Mint. Collectors and dealers are paying the current prices, not PM investors. There are simply smarter things to [I]invest[/I] money in and everyone knows that without making perverse comments about coins or certain bullion due to their scarcity. The buyers of these bullion coins at inflated bullion prices, whether buying direct from the APs or from flippers on the secondary market are not investors in that sense.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Fidelitrade Offering ATB 5 oz'ers
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...