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Is $38 per coin a good price for Canadian Grizzly's?
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<p>[QUOTE="MalakingAso, post: 1353593, member: 33557"]I have been searching for a month or so for the best price on the Canadian Wildlife series coins. While I like to just buy ASE's I have really come to like the design and limited mintage of the wildlife coins and the appreciation in their price since their release.</p><p><br /></p><p>All three released coins demand a premium since their release. I can't find the Grizzly's for under $42 per coin. The best I can find, in stock, is Provident Metals. ( <a href="http://www.providentmetals.com/2011-canadian-grizzly-1-oz-9999-fine-silver.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.providentmetals.com/2011-canadian-grizzly-1-oz-9999-fine-silver.html" rel="nofollow">http://www.providentmetals.com/2011-canadian-grizzly-1-oz-9999-fine-silver.html</a> )</p><p><br /></p><p>While GoldMart has them for $37.66 they have been out of stock for more than a month. </p><p><br /></p><p>I have found a seller willing to sell them for $38 per coin but I have to buy 100 oz. I'm okay with that as I am fairly confident I can sell 75 coins for $40 each. This would make my "real" cost for my one mint tube of 25 coins ($950 original cost - $150 proceeds from selling other 75 = $800 or $32 per coin) $32 per coin. That is current spot and I would be thrilled with a real cost of spot for such a collectable coin.</p><p><br /></p><p>Do you guys think this a good deal? Would you go through the potential hassle of buying 100 oz's and then selling off 75 coins to get your cost down to spot? I really don't think I'll have a problem selling the 75 coins especially if spot continues on the upward trend. If it doesn't then I'll just hold the coins until I can sell at a profit.</p><p><br /></p><p>Thanks in advance for your thoughts and opinions.[/QUOTE]</p><p><br /></p>
[QUOTE="MalakingAso, post: 1353593, member: 33557"]I have been searching for a month or so for the best price on the Canadian Wildlife series coins. While I like to just buy ASE's I have really come to like the design and limited mintage of the wildlife coins and the appreciation in their price since their release. All three released coins demand a premium since their release. I can't find the Grizzly's for under $42 per coin. The best I can find, in stock, is Provident Metals. ( [url]http://www.providentmetals.com/2011-canadian-grizzly-1-oz-9999-fine-silver.html[/url] ) While GoldMart has them for $37.66 they have been out of stock for more than a month. I have found a seller willing to sell them for $38 per coin but I have to buy 100 oz. I'm okay with that as I am fairly confident I can sell 75 coins for $40 each. This would make my "real" cost for my one mint tube of 25 coins ($950 original cost - $150 proceeds from selling other 75 = $800 or $32 per coin) $32 per coin. That is current spot and I would be thrilled with a real cost of spot for such a collectable coin. Do you guys think this a good deal? Would you go through the potential hassle of buying 100 oz's and then selling off 75 coins to get your cost down to spot? I really don't think I'll have a problem selling the 75 coins especially if spot continues on the upward trend. If it doesn't then I'll just hold the coins until I can sell at a profit. Thanks in advance for your thoughts and opinions.[/QUOTE]
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