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Just saw this message on APMEX about mixed Ag bags

PostPosted: Mon Dec 20, 2010 7:20 pm
by Nickelless
Did you guys notice this message on APMEX's site about their junk silver bags?
We cannot mix the denominations within any single bag!


They were selling mixed bags up until last week or so, as best I can recall (I check out their site a few times a week to get my silver fix).

Any idea why they're doing (or rather not doing) this now?

Re: Just saw this message on APMEX about mixed Ag bags

PostPosted: Mon Dec 20, 2010 10:09 pm
by JJM
I think the big sellers are pretty flush w/ 90% right now, Tulving is selling at a slight discount to spot currently for example. What this has meant in the past is that we are on the "floor" so to speak, price-wise. When the price is near the top, there is much more frenzied buying, and far lesser inventories. (Counter-intuitive, I know, but most folks don't want to look at $29.xx silver as "being on sale", when in reality, it is.) Anyway, I think this "glut" gives the sellers the ability to sell it this way. Also, I know a lot of folks that prefer dimes, but few that prefer quarters, this allows the appeasement of that subset of customers.

I know of one case where APMEX took ~3 weeks to fill a large order place in November, this wasn't with junk silver however. It was a fairly large order, and they handled it very poorly.

I also know they are getting flack at APMEX for putting modern silver proofs in junk silver bags from some buyers, there are folks who only want pre '65 in junk.