Just Starting with Bullion

Discussion in 'Bullion Investing' started by mcarney1173, May 25, 2009.

  1. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer


    Well you buy at a premium, you can sell at a premium, when it comes to ASE's
     
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  3. JoeSmith

    JoeSmith Member

    As I write this, silver is $14.50, ASE's are selling for $18 each on ebay (roll of 20, shipping included). That's a 25% premium, 21% if you figure shipping is $10. Even if you drive to the coin shop, you'll pay for gas, but don't pay sales tax! If someone is selling for $18, that means you can sell for $18. The only difference is the shipping, which is about .50/coin, or 3%.

    On the other hand, silver bars are selling at about $16 / ounce, which is 10% over spot.
     
  4. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    But the point is not to buy silver at a low point, then turn around and sell it back at the low point..If you are going to sell at all, wait until it spikes back up...
    Me personally, I'm just a collector, don't do anything for profits, unless it is to save up for a coin I want
     
  5. 1970 Silver Art

    1970 Silver Art Silver Art Bar Collector

    If there is a coin dealer in your area, then I would check it out and see what they that dealer has in terms of silver. Based in my experience of buying silver, I can get silver at a lower premium over spot if I buy at a local dealer and once you become a regular customer at that local dealer, then you might get an even better price on silver. It just depends on the local coin dealer. I prefer to buy locally but I also buy on line too.
    DYODD
     
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