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<p>[QUOTE=&quot;AshcraftCoin, post: 585940, member: 17767&quot;]At current prices... the price you paid is amazing for ASEs or Philharmonics... was it a regular dealer or just a coin hobbyist? If by &quot;just purchased&quot; you mean this past weekend... that is only about $1 over spot... pretty much unheard of for government issued bullion.</p><p><br /></p><p>There are all kinds of reasons things go cheap at coin shows... I have sold some cheap things myself in the past for various reasons.</p><p><br /></p><p>Anyway, good buy... you should have bought a bunch! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>I wouldn&#039;t even try to to compete with those prices... too low. However, I should point out for purposes of this scenario... the silver could be a choice between generic or government issues. Actually, I was pretty much implying generic at $1.99 over spot... government issues would have to have a higher premium and therefore result in less silver.</p><p><br /></p><p>In my experience... people prefer generic / branded unless they can get a really good deal on ASEs (or whatever) because it gets them more bang for their buck.</p><p><br /></p><p>As far as coin shows / local dealers... that is only a small portion of the bullion market. There is a huge market segment that never attends coin shows (which *bullion* supply and pricing can be sporadic at anyway) and may not have access to a local dealer. That is why there are 15,000 Silver Bullion eBay auctions running all the time... there are buyers out there who want it shipped to their door and often pay overinflated prices to get it.</p><p><br /></p><p>I live in a city of 120,000... <b>we have one of the biggest ASE dealers in the USA</b> right here, but guess what... off the street prices for 1 or even 10 ASEs are ridiculous... over $20 each. Even when I was offering to buy 500 at a time... they wanted $3.99 over spot. Also, they <b>rarely</b> have any other generic / branded bullion in their case... they actually melt most of the silver they buy in the back and then sell it to a refiner. Anything they put in the case is less then 100 T Oz at a time and is usually gone within 24 hours.</p><p><br /></p><p>The other coin / bullion dealer we have in town does huge amounts of business in coins, Silver Bullion, 90% Junk Silver... most of which is <b><i>dealer to dealer.</i></b> He prefers an appointment before you even walk in the door, doesn&#039;t want to waste time with small purchases, requires a 100 T Oz minimum on silver... that is out of range for a lot of people.</p><p><br /></p><p><i>That is it... there are no other storefronts in our city.</i> I don&#039;t have a storefront in town yet, but I am considering it because I don&#039;t think the market is being fully served as far as Silver Bullion goes.</p><p><br /></p><p>I know of one Monthly Silver Program that you can get set up to get an ASE every month and earn &quot;free ASEs&quot;... you know how much they charge? <b>$39.95 for 1 ASE!</b> LOL I am sure there are plenty of people out there taking them up on it. Maybe there are others out there who do it at a more reasonable and fair cost, but I haven&#039;t seen them...</p><p><br /></p><p>Hey, sorry to ramble on... thanks for the input. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Regards,</p><p>Michael[/QUOTE]</p><p><br /></p>

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