What is the common/normal premium dealers pay for ASEs & AGEs?

Today I called up a guy named Brian who owns a bullion dealing company called Vermillion Enterprises and they informed me that they pay spot + $2 for BU American Silver Eagles and spot + $55 for American Gold Eagles.

Is this a good deal? I’m curious to know what most dealers offer for BU ASEs & AGEs.

Has anyone seen a dealer (or dealers) offer higher premiums than this?

Please let me know what your local coin/bullion dealer offers for these.

Thanks!

 

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That's the going rate, I bet you're not gonna sell at them prices!

 

BARRON'S weekly lists the dollar amount and premium % each week for 6 popular gold coins including Kruggerands, Eagles, and Maple Leafs.

 

Ah ok thanks!

Nah I just bought them at $1900/ozt so selling them now would only end up losing me money .

But as long as I keep them it’s only a paper loss.

Im hoping in like 30 years the price of gold will be up to like $5,000 ozt considering that due to inflation the dollar will be worth less value than it is now. Just like how $1 in 1970 was worth more than $1 today.

 

Those quoted seem VERY GOOD.....my LCSs I think will only pay spot bullion, no premium.

They'll SELL above spot just not buy.

 

Oh really? So if I take the Barron’s info to a dealer they have to pay me what it says?

 

No, but it's a good weekly guide.

Maybe less important today thanks to the Internet and online....but 30-40 years ago, it was the only place besides The WSJ where you could get that information.

 

But why don’t they just make it simple by paying spot + a flat rate unchanging premium.

Then there is no need for a guide because people can just look at spot and add the premium to determine value.

 

The bulk of my gold holdings were purchased in the 1990’s. Seems like spot was around $400.00-$500.00. Yes, if your plan is to do well with PM’s expecting to hold them for a very long period of time is the correct frame of mind. Don’t react to the crazy spikes and dips. Slow and steady wins the race.

 

You got that right! Don't pay attention to the dips at all, just keep your eyes on the prize! Even if the price goes down to $1700, don't pay attention to it at all. The pog was at $1857 earlier today, that's a very strong price considering some people are already being vaccinated against covid-19!

 

I don't know....it's a quote from Manfred, Tordella & Brookes, a NY gold trading firm that actually found some Double Eagle hordes decades ago.

It's a price estimate, not a hard offer to buy or sell.

 

Gold or PM "investments" should be with $$$ you can afford to speculate with. These are speculations, NOT investments.

Same with numismatic coins.

Buy gold bullion coins and/or numismatics if you like them for a small % of your portfolio and/or the artistic and numismatic beauty, great.

Even though I do think buying gold or most gold/silver coins is probably going to be a decent/good investment/speculation 10-30 years down the road...don't count on it.

Personally, I mentally write off 50% or 75% or 90% of the price when I buy. If I can't live with that price down the line, if it would cause financial hardship, then I don't buy.

 

I only keep 10% of my investment portfolio in precious metals like gold & silver.

The other 90% is in stocks.

It seems like a lot of people keep thinking of gold & silver as “investments” but they are really meant to be a preservation of wealth.

 

It seems like a lot of people keep thinking of gold & silver as “investments” but they are really meant to be a preservation of wealth.

Quite agree.......