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 Replies: 84 / Views: 7,922 |
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Pillar of the Community
United Kingdom
616 Posts |
With the drop in Silver prices is it good time to buy high premium items? I woluld think seller will be trying to blow out stock instead of trying to hang on through what could be a very painful drop. Thoughts?
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Pillar of the Community
United States
919 Posts |
I have found when silver prices drop dealers hold items back and don't list them for sale.
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Pillar of the Community
United States
5202 Posts |
Either that, or the premiums actually go up as the prices drop.
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Pillar of the Community
United States
2168 Posts |
Yes, I have found that the premium did go up, but I have been lucky that the place I buy from has had availablity. Who knows after today.
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Valued Member
United States
329 Posts |
Good time to get the ETF or options lest you get eaten alive by the premium monster.
Edited by wjl
04/12/2013 8:59 pm
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Bedrock of the Community
13014 Posts |
Quote:
I woluld think seller will be trying to blow out stock instead of trying to hang on through what could be a very painful drop. Depends on the seller. Some will dump, some will wait it out hoping for a bounce back. Premiums will increase for a little bit some places since their stock was purchased at higher rates
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Pillar of the Community
United States
3789 Posts |
WELL-
quick thought- I think you start now looking at those higher end pieces and get a shopping list.
Like maybe older Pandas.... as an example.
Just stay away from the BU stuff for now, I would be looking for proof stuff first, and then older coins that you need to fill for collections.... lower gold and silver prices are still going happen after today so just be patient for those other BU pieces.
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Valued Member
United States
223 Posts |
I picked up a couple ASEs today and that LCS raised their premium by $1 to $4 over. There premium on gold is still the same at 15% on 1/4 and 10% on 1/2. They didn't have everything in the case as I was offered more ASEs if I wanted them.
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Valued Member
United States
329 Posts |
I would buy gold instead. Silver is dicey and has poor liquidity. It just doesn't typically attract big money and with todays very wide income distribution, silver looks riskier.
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Valued Member
United States
456 Posts |
Silver has poor liquidity? I disagree, but maybe you can clarify?
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Pillar of the Community
United States
2168 Posts |
I never felt silver has poor liquidity either. Premiums are up because of demand for the most part. They say 'junk silver' is hard to come by.
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Valued Member
United States
329 Posts |
It is very bulky which is why gov'ts sold it many years ago, and why it was undervalued for so long. It has fallen in value in terms of gold for all of recorded human history. I wouldn't bet against a 5000 year trend. It's mostly a commodity.
Edited by wjl
04/12/2013 6:59 pm
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Valued Member
United States
329 Posts |
I'd look for opportunities in Japanese and other Asian coins. US coins are dead. Edited by wjl
04/12/2013 7:12 pm
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Pillar of the Community
United States
1195 Posts |
My LCS raised their premium on generic to $2 from $1.75 recently, and their supply of bargain Washington quarters and bargain Walkers/Frainklins/Keneddy 90% halves in the bins was down to 4 and 6 coins respectivly. Usualy, those quart-sized Tupperware's are full. Now that I think about it, if It gets down to sub 20, I may decide to snap up the handful of Sterling Onzas they've got, if they're still there, and sit on them until the next rise and the bins replenish. |
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Pillar of the Community
1283 Posts |
You can get 2013 Kooks and Koala right now for like $30 per I'm thinking of getting a tube of each tonight with silver being below $26.
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Pillar of the Community
United States
3789 Posts |
Before I start, great thread here by Star, because I was already this week thinking of making a list of my wants for my collection. Star, you have started some great threads on here...anyways... I agree with Wj,,,, IF you can't resist buying right now right here... then FIRST use some money to buy some gold FIRST. Gold should take importance over silver. I always like to do a ratio,, example only-IF I was buying say an oz of gold, I would do 50% of purchase in silver. When I budget for coin collecting, I leave it open ended,,, but again, say I buy an oz of gold in a coin,,, say I just bought proof eagle from the mint, then I would allow for half that allowance of the gold cost to be used toward silver proof coins. again, I say pass completely, but if I was going to buy, I would glance at some gold pandas. Then look at some proof coins, like Eagles, Buffs. Then look at proof silver and so on. and I think you start keep a list and track of auctions on ebay as a type of poor mans algo for pricing. Start tracking from this date forward. |
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Replies: 84 / Views: 7,922 |
Posted 04/12/2013 11:07 am
