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What do dealers pay for Silver Eagles from the Mint?
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<p>[QUOTE="myownprivy, post: 3880898, member: 84588"]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.</p><p><br /></p><p>In response to this thread, to get us back on track, allow me to summarize what I believe to the situation:</p><p><br /></p><p>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.</p><p>2. Dealers pay the US Mint a lower (underdetermined) premium for the Eagles than they will sell them for. What is this amount? </p><p>3. Dealers make money on Monster Boxes of Eagles by sending in nice examples for grading, allowing profit on ms70s. </p><p><br /></p><p>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%.[/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 3880898, member: 84588"]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%.[/QUOTE]
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