I have been watching the 5oz ATB Great Sand Dunes SP70 sales and they are ranging from below the cost of the coin and with the 10% discount and grading you get to barely or no profit after free shipping. There are a few that hit the $182 mark but not many. The last three in the series sold for $195 to $200+ for the SP70s. What gives? What do you think the problem is? Maybe the overall drop in silver? I am not considering the Mercanti labels from PCGS as those seem to be doing a tad better. Just the First Release or Early Release labels. The last of this year's 5oz series should be out I guess in December and if this trend continues, it could be a low selling issue since maybe the big dealers won't go in for a ton of them if they aren't making money on them. And no 10% discount, although I guess the Mint will offer discounts on a who knows what basis. Be interesting to see what happens.
Normally this time of year is the prime time to sell. However things are much different this year. precious metals are down making people uneasy. others don't have the money to buy this year because they have bills to pay and/or bought JFK Gold. I'd sit and wait to see how everything plays out in the next 3 months. Since the market isn't doing so great overall I'll be closing up shop in the next few weeks. But I'll be back in business within the next year or so... Hopefully.
No, because all the others are selling for a lot more than melt because they're a very low mintage (rare) coin, as well as bullion.
I'm wondering if the larger dealers that bulk submit don't have a choice but to sell to maintain their cash flow. If it's a small time player and they're selling at a loss, they probably shouldn't be playing that game. If they're trying to catch an immediate collector profit while the mint is still offering the product, banking on the plastic to make the deal, it's probably not a wise decision.
