Was does APMEX charge more for 1,10,100 2016, or 2017 vs

Discussion in 'Bullion Investing' started by Brian Calvert, Jan 16, 2019.

  1. Brian Calvert

    Brian Calvert Active Member

    2018, or 2019 Silver eagles ?
    According to their pages if you buy

    20 each 2019 it is 383$ .......
    20 each 2018 = 383$
    20 each 2017 = 419$
    20 each 2016 = 423$
    20 each 2012 = 433$
    20 each 2013 = 413$

    Not seeing a lot of difference in the coins, boxes, etc. Even when you go to cash them back in as a retail seller, wherever that may be. Still going to be bullion price of silver eagle. Could there be a place that is going to offer you @The much higher value in say, 2030 1500$ for 2018 coins and also bump the price up for 2012 which today's prices are $1.50 each per. Thus 10% give or take... an extra $150.00 for the 20 coins...
     
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  3. juris klavins

    juris klavins Well-Known Member

    I quit buying from Apmex because they now charge sales tax in my state (both their dealer site and eBay site) - their premiums are steep enough without an additional 6.6 % on top.
     
  4. SilverSurfer415

    SilverSurfer415 Well-Known Member

    I tend to just stick with JM Bullion these days.
     
  5. Brian Calvert

    Brian Calvert Active Member

    Question still stands, why would they charge a premium for dates of Eagles. Should they not all be graded at same Silver value ?

    Yea, agree with 6% sales tax is crazy on a Silver purchase, in fact, thought I read something about certain states charging it on metals, others not, etc..

    Where would you go in Florida ? Local Dealer - Cash ?
     
  6. Brian Calvert

    Brian Calvert Active Member

    Never mind on the Florida Question...

    Bullion Sales Tax in Florida
    Gold is a precious commodity, and like all purchases and transactions, you might have to pay sales and use tax for the product. In Florida, they treat gold, silver, and other precious metals in very distinct ways. According to the Florida Dept. of revenue, if the product was used as legal tender in the United States, currently or in the past, any transactions involving that product are exempt from sales tax. If the coin is legal tender from another country and it is sold for its face value, than it is also exempt from sales tax. Bullion in the form of nuggets, flakes, or other amounts sold by weight of gold and silver are subject to sales tax. However, the sale or transaction of any bullion, currency, or legal tender which exceeds $500 dollars in a single transaction is also exempt from any sales tax.

    Therefore, when investing in gold silver, or other precious metals, you need to decide if it is legal tender, and if so, if it is legal tender in the United States or another country. If it is legal tender, is it considered bullion, in other words is it taken a final shape like a coin. Finally, you must decide how much is taxable, and whether that amount exceeds $500. For instance, if you buy an old American coin worth $300, a foreign coin whose face value is $10 for $100, and a lump of silver worth $200, you pay sales tax on $300 dollars, even though you spent $500 dollars in a single transaction. The American coin is exempt from sales tax. The foreign coin is sold above face value so it is taxable. The bullion is under $500 so it is taxable. Currently the Florida state sales tax is 6%, with local municipalities imposing an additional 1%-2% on average across the state.
     
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  7. rte

    rte Well-Known Member

    Different years have different mintage quantities, that may play into it.
    Your paying for the choice of year and condition.
    randomly selected or secondary market is cheaper.
     
  8. pmbug

    pmbug Member

    Were you looking at sealed mint tubes? Sealed tubes carry a bit of premium because numismatic collectors buy them with intent to have the coins graded. It's a form of gambling hoping that there is a high grade coin in the tube. As mentioned, the mint year affects mintage quantity and that also plays in to the numismatic premium.

    If you were looking at just brilliant uncirculated coins, then I suppose there are collectors out there willing to pay a numismatic premium to collect certain years. It's all bullion to me. I personally don't care about the year.
     
  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Some issues are just rare,er and charge you more for that reason :(
     
  10. Packrat

    Packrat Active Member

    18's and 19's would be more readily available. Once they are no longer being made prices tend to rise. CDN usually does not show prices for products still available from the mint. After they are discontinued, they start showing up. A look at Eagle mintage can be interesting. There can be a wide difference in some year's mintage with very little difference in price.
     
  11. Brian Calvert

    Brian Calvert Active Member

    The prices and availability right now are interesting. Like everything is being sucked out of the market. APMEX - Who I just wont use because of price, yes, weather it is tubes, or singles, buy the time you pay, ship, box, whatever you are paying $18.00 plus on a $15.41 spot, that is ludicrous pricing... It was much better only a year ago. They were charging a little over $1.00 on spot, now 2.49 +++
     
  12. myownprivy

    myownprivy Well-Known Member

    I would guess it has mostly to do with a combination of their remaining supply plus the public demand.

    Any previous year they should have fewer of than current year, assuming they were selling during the year and their supply is decreasing every month. So, they're able to price them higher and higher as they have fewer and fewer left.

    Plus, people who would want to buy a previous year seem likely to want that particular year for some specific reason. If someone wants to be particular, any business knows they charge more.

    Lastly, when you're huge like ampex, you can store much more than smaller businesses like Provident, so you're able to hang on to more old stock.

    Again, just a guess, but I think I'm right. Amped thrives in this particular market. More than from any other dealer, I know if I want a certain year of bullion, Apmex will have it.
     
  13. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    The Answer is " Because they can get it from customers who think population is important in bullion" . Many people are "psychologically adjusted" , that if they have 2013, 2014, , 2016.....
    they have to fill it in with a 2015 no matter the cost. Real 'stackers' don't care as long as it shines.
     
  14. Good Cents

    Good Cents Active Member

    1. Some of it is marketing techniques. Some buyers will think that the 2018 coin is more special just because it costs $3 more. Crazy but true. And on the flip side of the coin (sorry, I couldn't resist), people will get repelled by a drop in price for an older item. For Example - Provident, one of the smaller online sellers, had a "flash sale" Tuesday for 1 oz Canadian Gold Maple Leaves of unspecified years. I would guess that this is a way for them to unload their inventory of the older years' coins that weren't moving. Instead of bringing down the premium, which says "nobody wants to buy this so I'm dropping the price" - which often repels buyers, they present it as a "flash sale" and offer something for a bargain, getting people to "grab it before it's gone!"

    2. I think there is also some OCD involved. For example, someone has a tube of 19 of a particular 2018 coin and just didn't have the funds, the time or the opportunity for whatever reason to buy one more of that coin back in 2018. Now that he has the funds his choice is to buy a 2019 or a 2018 and a lot of people will go with the 2018 so that they "finish off the tube". It's like slicing a cake - you have to "even it out" when it's not cut straight because it's not quite right. The sellers know that lots of us collecting and investing folks have a bit of that OCD perfectionistic human compulsion thing going on and know there is money to be made off of it. All the online sellers do it, not just APMEX. Even if it's just a $2 hike, a buck is a buck in business.

    3. As MyOwnPrivy said above - last year's coin is now officially "out of print" and can no longer be obtained from the "manufacturer". Supply and demand hikes up prices every time. Moon rocks cost a fortune! :woot:
     
  15. RhinoEmpire

    RhinoEmpire Hi-Yo (Ag)

    It can be summed up with three words. Supply and demand.
     
  16. Silver Eagle

    Silver Eagle New Member

    I'm inexperienced at bullion coins and coins in general but isn't the most important factor, other than silver price, the Mint State of a coin ?

    I see all sorts of labels like "Black Label", First Strike, and First Day. Sounds to me like this is a, "Madman" Muntz sales pitch.
     
  17. It probably has a lot to do with what they have paid into it. More costly rolls simply cost them more at some given point in time. The 1996 has always held a bit of a premium due to low bullion mintage but all the years you have listed are very high mintage.
     
  18. Clawcoins

    Clawcoins Well-Known Member

    If you are a silver stacker than paying premiums for ASEs may not make any sense at all. If you collect ASEs, just like coins, then EACH year may be something that you want to collect.

    For instance, what do you make of these individual ASE prices (from APMEX)?
    upload_2019-1-29_19-29-52.png

    provident only has the 1996 in stock
    upload_2019-1-29_19-30-45.png


    Once you start understanding the above pricing, then you can start understanding their pricing especially when they switch between years. The prices you have are "normal". If you peruse the Silver gets crushed thread I track in that thread ASEs prices over time vs spot and buyback.

    You'll have different perspectives if you (a) are a business; (b) require everyone sell to you at spot becz it's all just silver right?; (c) collect ASEs; (d) stack ASEs only; (e) zombie stacking; or any other variation. I think all will have a different perspective and valuation.

    APMEX is more expensive though. I always include shipping in total acquisition cost. Which for provident is free for over $100.

    The black label, first strike, and all that stuff .. "to me" means absolutely nothing other than they ordered it the first day it became available. which in other coins mean nothing (for instance the 2016 W dime was sold out in minutes and yet the TPGs only would put "first strike" or whatever on submissions that were in the original boxes even though they were all bought on the same day !!). So those labels indicators, once again "to me", mean absolutely nothing. To other people they may mean something, and may also collect all those different color inserts.
     
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