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Is buying from Swiss America a total loss?
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<p>[QUOTE="Duane Waller, post: 1791903, member: 57243"]Thanks again for having patience with me!!</p><p> </p><p>One site I just found is the usmint.gov, selling 1 oz American Eagle Silver and Gold proof coins.</p><p> </p><p>Price for silver is: $52.95</p><p>Price for gold is: $1,660.00</p><p> </p><p>The "aforementioned dealer" has them also listed as</p><p>(1.0 oz Gold American Eagle Proof) and (1.0 oz SC1AE Silver Amer Eagle Proof).</p><p>Price for silver is: $78.00</p><p>Price for gold is: $2011.00</p><p> </p><p>Without knowing any better, I would interpret the difference as commission fees.</p><p>Gold proof commission appears to be 47% on top of the usmint price.</p><p>Silver proof commission appears to be a little over 20%</p><p> </p><p>So if indeed these are the same exact coins, I would be silly to purchase them from a dealer, when I can get them at a significantly lower price from usmint.</p><p> </p><p>What is REALLY odd is the dealer is indicating they will buy back the silver proof at $67.08 and the gold proof at $1729.00. How can that be?</p><p>How can they afford to purchase a coin back from someone and pay a higher price for it than they would pay if they bought that coin from usmint.gov???</p><p>I must be missing something!!![/QUOTE]</p><p><br /></p>
[QUOTE="Duane Waller, post: 1791903, member: 57243"]Thanks again for having patience with me!! One site I just found is the usmint.gov, selling 1 oz American Eagle Silver and Gold proof coins. Price for silver is: $52.95 Price for gold is: $1,660.00 The "aforementioned dealer" has them also listed as (1.0 oz Gold American Eagle Proof) and (1.0 oz SC1AE Silver Amer Eagle Proof). Price for silver is: $78.00 Price for gold is: $2011.00 Without knowing any better, I would interpret the difference as commission fees. Gold proof commission appears to be 47% on top of the usmint price. Silver proof commission appears to be a little over 20% So if indeed these are the same exact coins, I would be silly to purchase them from a dealer, when I can get them at a significantly lower price from usmint. What is REALLY odd is the dealer is indicating they will buy back the silver proof at $67.08 and the gold proof at $1729.00. How can that be? How can they afford to purchase a coin back from someone and pay a higher price for it than they would pay if they bought that coin from usmint.gov??? I must be missing something!!![/QUOTE]
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