Discussion in 'Bullion Investing' started by Soiled, Apr 1, 2016.
It will go up ... just wait ...
Log in or Sign up to hide this ad.
I got my first 6 in the mail today from TX. These are the ones that were on sale last week on fri when I took advantage of the low spot.
Never plan on selling in any given time frame. The price is too volatile. Plan on selling when the time is right.
Good Advice. I was going to sell at a show coming up where the table would be $90. Guess I will bypass that and be a consumer there instead.
I think that unless I were a fulltime dealer with access to a regular turnover I would not want to try to set up a dealer table until I had a significant equity in what I had to offer.
Your wish is my command ...
ole wise one........ make it an.. even 20 please....got two wishes left...
Yes, I know this will fall on deaf ears , but I would suggest if it hits $20 , sell all you intend for 6 months and buy 'paper silver, ~either a straddle , or individual put/call at about that point (20) as it could go either way , IMO, of course since I have no wishes left
I need some explaining to me? Why buy ASE's when from what provident says you will loose $1.70 for buying just say 6 2017 coins free ship, per coin.
But if you were to buy say 6 liberty bell stackables you will loose $1.69 per coin?
So what is the big Gotta have ASE's deal? I admit I have collected one per year but all my other silver purchases have been generic, Well besides my one a year RCM and Panda.
You never lose anything until you sell it. So what does it mean to say "you will lose $1.70"? How do you know what it will sell for?
I appreciate your point, but you missed the point of his question, which is essentially: why do ASEs sell for above spot and why are they so popular?
Anybody who thinks an ounce is an ounce is an ounce has never tried to sell any. Government issues just bring more most places. The last time I sold a significant chunk, they were all Canadian Maple Leaves still in the pouches, and I got a significant premium over generic. I assume that's still the case. Got just a tick over $40 each for them, early autumn, 2011.
1. Because people will buy them at that margin level. 2. They are considered safer as far as getting what you pay for. Some may feel they are patriotic and that would also play a part. Since most individuals can not purchase large quantities at spot, the difference for processing, ordering, delivery, storage, advertising , salaries, etc. all add a bite.
The ASE is a beautiful coin which is why I traded all my generic for gold and started stacking ASE's more. I am also going for a set of them. I took care of the 1996 and 1986 right at the get go. The rest of the 1990's ASE will still fetch a premium though. I like government issue more than a junky looking round that sells for $.69-$.99 over melt. You get what you pay for. I know there are some nice looking rounds but those usually cost way more than an ASE per ounce.
That's pretty cool, especially if they are all BU. I'm going to make a quest out of it and buy a few at a time though. It's been fun so far this way. I still need an album though.
I use a Dansco with my regular ASE's and all the numismatic ones are in OGP. Every one in my Dansco was bought by me IN THE YEAR they were new. No make-ups. It's cool to see the edge toning progression.
Wish I was collecting them long enough to be able to get the year they were new. I had to pay $30 for my '86 in MS69 and $50 for my '96 in MS65.
So as they grow older they are worth more? I will probably not sell the under $1,000 at a time, So just wondering if what they say is their worth for 17 looks the same then? I like collecting them too. But I have always liked generic struck from a reputable mint bar, or round Ten ounces down. And I usually do not buy any specialty unless its for a gift. So will if I decide to sell someday be out a lot more $ that way?
No, the 86 and the 96 just happen to be the ones with the highest premium.
Separate names with a comma.