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Apmex price for 90% now $13.50 over spot!

Highest ever!

Local Coin show near me had dealers paying 18x face buying from the public.

Seems a bit excessive- first Eagles and then Generic 999. Both have kinda dropped.

Wonder if the supply of 90% is finally being hoarded enough or melted down enough to warrant scarcity

Robarons wrote:Local Coin show near me had dealers paying 18x face buying from the public.

Seems a bit excessive- first Eagles and then Generic 999. Both have kinda dropped.

Wonder if the supply of 90% is finally being hoarded enough or melted down enough to warrant scarcity

Only 18x face? There comes a point were selling to dealers like that makes no sense. If you need to, sell it privately or on Craig's List. You'll get a lot more than what a dealer gives you.

The bulk of my Ag is 90%. I always thought they're not making anymore of it, get all you can now while it's cheap and unloved.

When prices reach 40-50x face, maybe I'll let a few bags go.

This past weekend I stopped by a local coin shop. He had 90% "junk silver " at $17.80. I inquired about ASE's and he had just sold his last five. He was buying them at $28.00.
I just looked at Apmex cheapest was $37.40

wheeler_dealer wrote:This past weekend I stopped by a local coin shop. He had 90% "junk silver " at $17.80. I inquired about ASE's and he had just sold his last five. He was buying them at $28.00.
I just looked at Apmex cheapest was $37.40

He was selling for 90% under spot or $17.80 over spot?

Apmex sent out a mass email last week saying they were paying $10 over spot for ASEs. Then they go and sell them at 100% over spot.

Highest Ag premiums ever. We're living through some historical sh*t here gents... and it's just getting started.

He was selling 90% at $17.80 per dollar
Mostly worn and slick were all he had.
I mentioned that Apmex e mail to him.
I have always done o.k. at this shop. It was pretty busy with buyers.

Apmex 90% premium is now back down to $6.99 over spot. Spot price rises, less buyers, inventory comes back, premiums come down.

I believe this decrease in premiums is only transitory... ya know, just like inflation is.

Won't buy anymore unless Ag gets back to the low teens. I believe this will happen in tandem with the next stock market dump.

Cu Penny Hoarder wrote:Won't buy anymore unless Ag gets back to the low teens. I believe this will happen in tandem with the next stock market dump.

Premiums will probably be at least 50% of spot then too.

I am actively accumulating Cu and nickels again. Not sure if I will buy Ag any more unless there are major deals and I have the cash....

Bothered by the idea of a digital dollar being forced on us and everything we buy or sell being required to use those digital dollars.

Seems like people don't even think we could be corralled even further and have no choice.

Catherine Austin Fitts says we need to keep using cash.

Premiums decreasing quite a bit across all bullion dealers. 90% premium still averaging around $6.99. I've noticed even SAEs have been coming down in price as well. Buying slowing as the Ag price rises, which forces premiums lower.

When the FOMO period finally happens, premiums will sky again to much higher levels... I predict we'll eventually see 200-300% over spot at some point.

The Apmex premium on 90% was lowered again today... now $5.99 over spot.

E bay
Silver dime rolls-average $110.00 shipped
Half dollar rolls-average $220 shipped

Cu Penny Hoarder wrote:The Apmex premium on 90% was lowered again today... now $5.99 over spot.

Their mark-up on gold is stunning. 10 1/10th oz eagles will run you $2800...a mere $1000 over spot per ounce.

Morsecode wrote:

Cu Penny Hoarder wrote:The Apmex premium on 90% was lowered again today... now $5.99 over spot.

Their mark-up on gold is stunning. 10 1/10th oz eagles will run you $2800...a mere $1000 over spot per ounce.

Yes, their prices on 1/10 oz ASGs is silly. If you have VIP status with Apmex they will price match any other online bullion dealer.

My by observations, SD Bullion lowers the price first which forces Apmex to follow. Apmex is huge too, about 3x the size of SD Bullion.

90% should be back to “normal” again. Wholesale bids are down to $2-3 over rather then the $10-12 over that it peaked at.

highroller4321 wrote:90% should be back to “normal” again. Wholesale bids are down to $2-3 over rather then the $10-12 over that it peaked at.

Thanks HR, I'm seeing the same thing.

I backed up the truck at $12-13 and paid $0.49 cents over spot during the March 2020 smash, just hours before premiums went ballistic. IMO, it's highly unlikely that 90% premiums will come back down to those levels.

When Ag breaks out of that $30 resistance area... to the moon Alice!

Morsecode wrote:

Cu Penny Hoarder wrote:The Apmex premium on 90% was lowered again today... now $5.99 over spot.

Their mark-up on gold is stunning. 10 1/10th oz eagles will run you $2800...a mere $1000 over spot per ounce.

Good gravy, lol.

Converted some paper for commodities today.
90% sell price 21.6 grabbed some Mercury dimes and full weight Roosevelt's. Few nice Franklin's. (
Pre 1921 Morgan's were $36.00 each. (not in my budget)
Peace $32.00 each (not in my budget)
Dealer had a one tenth gold at $290.00 plus lots of other overpriced gold. It's still there waiting for someone else.

wheeler_dealer wrote:Converted some paper for commodities today.
90% sell price 21.6 grabbed some Mercury dimes and full weight Roosevelt's. Few nice Franklin's. (
Pre 1921 Morgan's were $36.00 each. (not in my budget)
Peace $32.00 each (not in my budget)
Dealer had a one tenth gold at $290.00 plus lots of other overpriced gold. It's still there waiting for someone else.

I specifically remember one particular visit to my LCS in the late 80's...

1921 Morgan's were $5 each, pre '21s were $6... all AU. Peace Dollars were $5 (including the 34's and 35's). I spent an entire month of my pay to buy everything he had, and I still have all of them. Baseball card mania was in full swing and nobody seemed to care about silver coins back then.

Ahhh, I miss the good old days.

Apmex just lowered their 90% to $4.99 over spot.

Local Coin show check

.999 Silver was $2 over spot for Generic rounds and bars
100 oz bar for $2550
Silver Eagles were still in the $33 range
90% Dimes and Quarters were 19x-20x. Halves 21x
40% Halves were 7x
80% Canadian Silver 14.5x
War Nickels were $1.15 range. $1 in quantity.

Gold premiums have not budged.

Not alot of buying, my local market has tanked for this stuff

Robarons wrote:Local Coin show check

.999 Silver was $2 over spot for Generic rounds and bars
100 oz bar for $2550
Silver Eagles were still in the $33 range
90% Dimes and Quarters were 19x-20x. Halves 21x
40% Halves were 7x
80% Canadian Silver 14.5x
War Nickels were $1.15 range. $1 in quantity.

Gold premiums have not budged.

Not alot of buying, my local market has tanked for this stuff

Thanks for the report Robarons.

What about Morgan and Peace dollars?

Want to say Morgan/Peace Dollars were in the $30 dollar range. Will keep a note on those.

I can say the buy price on cull silver dollars is $23 which surprises me

Most big online sellers want $28.00-$30.00 for cull Morgan and peace.
What my dealer had for $32-$36 in peace and Morgan were just above cull grade . Anything decent was $40-$50.

Robarons wrote:Want to say Morgan/Peace Dollars were in the $30 dollar range. Will keep a note on those.

I can say the buy price on cull silver dollars is $23 which surprises me

I attended a gun show 2 months ago. Someone was selling about 50 Peace Dollars (F-XF) asking $36 each. I offered to buy all he had for $26 each. I showed him the cash to let him know I was legit. He declined, didn't even counter offer me.

JM is running a sale on circ Roosies for a mere 90% over melt...$32 per $1 face.

I suppose it looks like a deal to the typical ebay stacker.