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How much of a premium over spot would you pay for a UNC or proof coin?
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<p>[QUOTE="chip, post: 937806, member: 19122"]It really depends, I try to buy close to spot prices, sometimes I have gone under, but some coins sort of hit my gotsta have it nerve, and then I rationalize that since I do not have one, paying a bit more is alright.</p><p><br /></p><p>When I first started collecting last year, I thought the new Mexican Silver Libertads were a real nice looking coin, the first ones I saw were selling for about 2x spot, I figured that if I kept my eyes open I would eventually find one for close to spot. My first coin show a dealer had lots of them but was selling them for 28 I think spot at the time was about 15 or 16, so I did not buy any.</p><p><br /></p><p>In my travels to dealers I saw none, a bunch of the older style, and I picked up a few, usually at spot or with a small premium. MY second coin show, I decided I would bite the bullet and buy one, heck at the time spot was about 17 and I wanted one so I was prepared to pay 28, but no dealers at the show had any.</p><p><br /></p><p>Then a while ago one of the local dealers had some, I picked up one for 25, I dipped it, because it was pretty cloudy, and it made it look pretty good, it was a 6 second dip. then a few days later another dealer had them for 21 (spot was close to 19) I picked up another, then last week I saw two more for 19 each. </p><p><br /></p><p>The lesson I learned is wait, the better deals will come eventually.[/QUOTE]</p><p><br /></p>
[QUOTE="chip, post: 937806, member: 19122"]It really depends, I try to buy close to spot prices, sometimes I have gone under, but some coins sort of hit my gotsta have it nerve, and then I rationalize that since I do not have one, paying a bit more is alright. When I first started collecting last year, I thought the new Mexican Silver Libertads were a real nice looking coin, the first ones I saw were selling for about 2x spot, I figured that if I kept my eyes open I would eventually find one for close to spot. My first coin show a dealer had lots of them but was selling them for 28 I think spot at the time was about 15 or 16, so I did not buy any. In my travels to dealers I saw none, a bunch of the older style, and I picked up a few, usually at spot or with a small premium. MY second coin show, I decided I would bite the bullet and buy one, heck at the time spot was about 17 and I wanted one so I was prepared to pay 28, but no dealers at the show had any. Then a while ago one of the local dealers had some, I picked up one for 25, I dipped it, because it was pretty cloudy, and it made it look pretty good, it was a 6 second dip. then a few days later another dealer had them for 21 (spot was close to 19) I picked up another, then last week I saw two more for 19 each. The lesson I learned is wait, the better deals will come eventually.[/QUOTE]
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How much of a premium over spot would you pay for a UNC or proof coin?
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