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Latest of my local coin dealer’s premiums

Home Forums DISCUSS General Discussion and Questions When to buy Silver Latest of my local coin dealer’s premiums

  • Sat, Jan 29, 2011 - 06:35pm

    #47
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Latest of my local coin dealer’s premiums

Hey gang —

FWIW, here are the current premiums my local (Albany, NY) coin dealer is charging (just got back from a road trip to help a friend make their first PM buy [she was a teence nervous]):

Gold Eagle 1-oz. coins:  Spot + $65 per coin (~ 4.5%)

Gold rounds, 1-oz. coins:  Spot + $35 per coin (~ 2.6%)

Silver Eagle 1-oz. coins:  less than 50 ounces:  spot + $3.50 (~ 12.5% — yowza!)

Silver Eagle 1-oz. coins:  50 ounces or more:  spot + $3 (~ 11% — still:  yowza!)

As of my last visit in July ’10, they had a “spot + 6%” policy for all Eagles — so their demand seems to have moved into silver.  I guess the little guy is buying…

And junk silver is basically available at spot (she got $506 worth of silver [melt value] for $500).

 

Viva — Sager