What do dealers pay for Silver Eagles from the Mint?

Discussion in 'Bullion Investing' started by cphine, Oct 31, 2009.

  1. FryDaddyJr

    FryDaddyJr Junior Member

    Sure as long as you get to cherrypick the 5 years
     
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  3. midas1

    midas1 Exalted Member

    Cherry pick? Due diligence? Yes.

    I own every investment I've listed.
    Invest in what you know. I retired after a career in IT.
    I bought Home Depot and the S&P index fund for diversification.

    BTW, Apple $116.47 $267.10
     
  4. midas1

    midas1 Exalted Member

    I could've gone back 10 years which = much more gains. Over the long haul stocks win out.
     
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  5. Michael K

    Michael K Well-Known Member

    Home Depot is down 11 points today. Good thing I bought it at 27.
     
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  6. midas1

    midas1 Exalted Member

    it's up 39% for the year. will probably bounce back some later today.
     
  7. myownprivy

    myownprivy Well-Known Member

    I'm not sure how this thread got on to yet ANOTHER subject, besides that someone decided to post in a very self important way about a topic that this thread has nothing to do with: stocks vs PMs. Take that nonsense somewhere else and start your own thread or find one that already discusses the subject.

    In response to this thread, to get us back on track, allow me to summarize what I believe to the situation:

    1. Large dealers place ASE orders from the US mint for the upcoming year. They place this order when they believe silver is a a currently low price, giving themselves more space to make profit when silver goes up and they sell their Eagles to their customers.
    2. Dealers pay the US Mint a lower (underdetermined) premium for the Eagles than they will sell them for. What is this amount?
    3. Dealers make money on Monster Boxes of Eagles by sending in nice examples for grading, allowing profit on ms70s.

    Today, dealers are selling forthcoming 2020 Silver Eagles for $20.53 while spot is $17.20. That is a premium over 16%. Outrageous! Anyway, what is the premium they pay? We still haven't answered that. But I think we can speculate it is much smaller than 16%.
     
    ripple likes this.
  8. Derek2200

    Derek2200 Active Member

    Not outrageous at all. I pcice slabbed MS69
    ASE won on the bay at cost plus $10 for shows I setup at lol. Strong sales.

    no free ride in numismatics
     
    Last edited: Dec 9, 2019
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  9. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Yeah, but what if silver is in a multi-year decline ?

    How do you make money then ?
     
  10. slackaction1

    slackaction1 Well-Known Member

  11. GDJMSP

    GDJMSP Numismatist Moderator

    Some of them simply don't buy, and of those that do sometimes they make less, sometimes they break even, sometimes they lose. Just like in all markets - there are no guarantees.
     
  12. Revi

    Revi Mildly numismatic

    I got bored with bullion and even junk silver a while ago. I like to buy what I call "mildly numismatic" coins. For example a walking liberty half dollar goes for about a buck higher than a Franklin for example. I usually get them for the same price, so I always pick the older coin. In a few years they may be worth even more, depending on how things go.
     
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  13. Derek2200

    Derek2200 Active Member

    Not sayin lol.
     
  14. Chasinva69

    Chasinva69 New Member

    "semi-numismatic" bullion is really a thing. I've been dabbling in it lately. I agree the plain bullion and junk silver is pretty boring.
     
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