Hi Everyone, Just wanted to ask what would be a reasonable amount of time for dealers to update their silver, non-bullion, coin prices to reflect the drop of silver? Just wanted to see what people thought. I was looking at a couple of Austrian coins that were about $42 bucks a couple of months ago, more or less, and the price was increased to $57 because of the silver prices. They have been at that price for about 2 or 3 weeks. I sent an email the dealer to asking how often how they update their prices. This was like 3 or 4 days ago but have not heard a response yet and the coins are still at the higher price. How long do you think it's reasonable? Thanks!!
Dealers raise their prices fairly quickly, but take a long time to drop them. Just think of it like taxes and the government. When you owe taxes they are due ASAP, but when the gov owes you the check will get there eventually
I just did a search of 2 online coin stores up here in Canada, one has all the bullion coins listed as sold out and the other is taking orders. 1 oz Maple leafs for can be had for about $36.00 each and American Eagles for around $37.00.
