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Why are premiums so high? Anyone doing much better on the buying end??
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<p>[QUOTE="kookoox10, post: 1561342, member: 31129"]I just had a similar conversation with a local B&M buddy and he quoted it like this; </p><p><br /></p><p>"The ASEs I receive don't come directly from the mint, they go from the mint to the distributors and from the distributors to me. The way it goes right now, the mint doesn't sell these at melt to the consumer, there's always some sort of premium they charge to make a profit. So the price I pay from the distributors is always a lot more than what I would like to spend. And as a retailer, I have to put my markup on them to make money to run the store. Sometimes, all the added "middlemen" makes it difficult to turn any profit on BU or Proof ASEs." </p><p><br /></p><p>Needless to say, myself and the other customer proceeded to look at the junk silver and collectible slabbed stuff. Sometimes the actual market fluctuation has little to do how on how much a dealer sells ASEs for, the simple addition of a "distributor" makes this dealer's silver bullion priced a lot higher than some others who can order direct from the mint. The $42 per 2012 BU ASE was way too much to spend from him, my other B&M has these for $5 less.[/QUOTE]</p><p><br /></p>
[QUOTE="kookoox10, post: 1561342, member: 31129"]I just had a similar conversation with a local B&M buddy and he quoted it like this; "The ASEs I receive don't come directly from the mint, they go from the mint to the distributors and from the distributors to me. The way it goes right now, the mint doesn't sell these at melt to the consumer, there's always some sort of premium they charge to make a profit. So the price I pay from the distributors is always a lot more than what I would like to spend. And as a retailer, I have to put my markup on them to make money to run the store. Sometimes, all the added "middlemen" makes it difficult to turn any profit on BU or Proof ASEs." Needless to say, myself and the other customer proceeded to look at the junk silver and collectible slabbed stuff. Sometimes the actual market fluctuation has little to do how on how much a dealer sells ASEs for, the simple addition of a "distributor" makes this dealer's silver bullion priced a lot higher than some others who can order direct from the mint. The $42 per 2012 BU ASE was way too much to spend from him, my other B&M has these for $5 less.[/QUOTE]
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Why are premiums so high? Anyone doing much better on the buying end??
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