So I have been doing a lot of looking on ebay lately. I watch the silver prices like I"m sure the rest of you do also. This weekend it seems like the price of silver is right around 22.58 an ounce. Looks like there are many places you can get the ASE 1oz coins around $25/coin right now. Then I look at ebay and it looks like uncirculated 2013 coins are going at around $27/coin so $2 profit minus fees. So lets say the fees are around a dollar, so basically a $1 profit per coin. Does that sound about right to you guys? Are there places you can go to get the ASE for cheaper prices and increase the potential profit margin? Lots to learn and thank you in advance. - Jeff
The bigger bullion sellers on eBay are buying in bulk and are therefore able to get a lower price on their ASE's, though their profit margins would still be pretty low. The small guys are probably barely breaking even, or even selling for a loss.
I would assume shipping would be about $2.50 or so and another 50c - $1 for bubble envelope or bubble wrap and a box. If they're looking at $2 over cost, they're losing money.
If you want to buy cheaper, you can go to a local coin shop. My local shop is at $4.5o over for ASE and $4 over for maple leafs. Generics are less over spot.
This is accurate. 20% is a good figure to use when determining the costs involved with ebay fees, paypal fees and shipping fees. Also, ASE's do have a slight premium over melt.
Very interesting indeed guys, also it seems like anything from years past especially uncirc have a definite premium as well so it makes sense to hold back some and sell later. Sorry super new and just working my way into this hobby...I mean investment LOL!
Hobby is definitely the more appropriate term. The moment you start looking at it as an investment... is most likely the moment you stop collecting coins.
