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Wow! Some of the ask prices of online dealers

PostPosted: Sat Nov 08, 2014 12:58 am
by beauanderos
http://www.providentmetals.com/90-silver-proof-kennedy-half-dollars-10-face-value-roll.html :shock: :thumbdown:

Guess I won't be selling any of mine any time soon. Ok, heck... I'll beat Provident's price by $10 a roll, then turn around and buy $20 face
of junk in exchange. :shh: :lol:

Re: Wow! Some of the ask prices of online dealers

PostPosted: Sat Nov 08, 2014 2:10 am
by Engineer
17.6% over spot on junk (dimes/quarters).

Re: Wow! Some of the ask prices of online dealers

PostPosted: Sat Nov 08, 2014 2:20 am
by dae2dae
confucious say marcus math shittier than water at tilapia farm

Re: Wow! Some of the ask prices of online dealers

PostPosted: Sat Nov 08, 2014 3:48 am
by Engineer
dae2dae wrote:confucious say marcus math shittier than water at tilapia farm


That's what they get for letting you swim with the fishes. :lol:

(I did the math on junk bags instead of the proof halves.)

Re: Wow! Some of the ask prices of online dealers

PostPosted: Sat Nov 08, 2014 8:49 am
by John Reich
It's not just the on-line dealers. I went to two of my LCS's yesterday, hoping to buy something. Best deal I could find was 2014, 1 oz silver Maples, at $20.00/ea. I guess I'll just hold the dry powder for now!

Re: Wow! Some of the ask prices of online dealers

PostPosted: Sat Nov 08, 2014 11:25 am
by 68Camaro
We've said this many times before in different ways but it isn't spot that is important but net actual price. We hit min net price when spot was in the low 16s, even though spot went down to 15. Once immediate supply was sucked up premiums went up more than spot went down. As this reverses the higher premiums will remain even as spot goes back up, until demand is saturated again. Right how the best deals remain on RC. Chris has ASEs at just over 18.

Re: Wow! Some of the ask prices of online dealers

PostPosted: Sat Nov 08, 2014 3:09 pm
by goodcents
I would agree Chris has some great prices on bullion. Hard to tell if we will be down or up again on Monday but nevertheless Real Cent is where it's at!

Glad to be a part of this group.

Joe

Re: Wow! Some of the ask prices of online dealers

PostPosted: Sat Nov 08, 2014 8:52 pm
by theo
On Wednesday my LCS was selling 90% for 12 x face. Unfortunately he had precious little to available so I only came away with about about $4 face (including 3 walker halves) plus a 2014 Maple for $18.

I understand that every time we get a big bump down the premiums to spot goes up. But then as the price stabilizes the premiums seem to erode. PM experts have been arguing for the past couple years that, at some point, the physical and spot price would separate. However, assuming that price manipulation is a reality, TPTB have been remarkably successful at getting the market to accept each new price level.

I've been hearing that a physical silver shortage is inevitable since silver was in the mid-30s. However, aside from the U.S. mint's supply problems and the occasional rumor about Apple, industrial demand and what's left of investment demand appears to be sated at whatever price TPTB choose to set. I suppose there are three possible explanations. One, the claims of the physical are overstated. Two, shortages are occurring but they are being concealed from the public. And, finally third, physical silver is being supplied via an unconventional (illegal?) source, like for example rehypotheticated silver from one the silver ETFs.

Re: Wow! Some of the ask prices of online dealers

PostPosted: Sun Nov 09, 2014 11:00 pm
by Morsecode
My flea market guy is holding fast at $25 for eagles and 18 x face on 90%.

He gives me a Friends & Family discount on the junk at 16 x face :lol:

And yeah, I'll buy ten dimes at that price just because.