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re: Gold/Platinum price cross.
Posted on 5/13/21 at 1:30 pm to cadillacattack
Posted on 5/13/21 at 1:30 pm to cadillacattack
quote:
They are also the ONLY dealer I will purchase from on ebay. On their ebay specials, they allow credit card purchases typically for the same price as cash purchases from other dealers. Occasionally you can find some pretty good deals, but they sell out fast.
Thanks for this tip. I just now bought my first bars from APMEX on ebay. Using PayPal/eBay/free shipping it was a better deal than direct from their website.
1
Posted on 5/13/21 at 8:06 pm to dragginass
Nice ! .... I’ve scored several deals using Apmex’s eBay specials ... congrats
Posted on 5/13/21 at 8:40 pm to cadillacattack
I buy 1 oz silver coins from APMEX
Thinking about getting gold are the coins/ rounds the way to go
Thinking about getting gold are the coins/ rounds the way to go
Posted on 5/13/21 at 8:57 pm to cadillacattack
I need to research the tax implications. While I don't plan on selling anytime soon, possibly ever, what is the best way to unload bars/coins? Can you even buy anonymously?
Posted on 5/13/21 at 9:00 pm to dragginass
Not sure where to sale but if it is physical claiming on taxes probably up to you.
Legally should claim capital gains
Legally should claim capital gains
Posted on 5/14/21 at 7:28 am to thelawnwranglers
quote:
I buy 1 oz silver coins from APMEX Thinking about getting gold are the coins/ rounds the way to go
I have purchased rounds/generic bars in the past, but now only purchase govt. minted coins and bars. They hold their value better because a wider array of purchasers perceive them to be less risky.
Posted on 5/14/21 at 7:36 am to cadillacattack
quote:
only purchase govt. minted coins and bars
Krugerrand ok?
Or more US Mint?
Posted on 5/14/21 at 9:18 pm to thelawnwranglers
quote:
Krugerrand ok?
Affirmative .... widely recognized and accepted by nearly all dealers and collectors. Love the purity of the Buffalos and Maples though ....
For silver, the US Mint & Royal Canadian Mint are broad favorites among US buyers .... but there are many others. My personal favorites are the Mexican Libertads ..... love collecting them.
This post was edited on 5/14/21 at 9:20 pm
Posted on 5/20/21 at 1:14 pm to cadillacattack
I had a day off so I did some exploring today. I found what (seems) like a great shop to do business with in Denham Springs. He had gold rounds cheaper than APMEX online. And he's cash only, which I prefer....
Posted on 5/20/21 at 1:39 pm to dragginass
Details?
Posted on 5/20/21 at 2:34 pm to HiCap
I doubt there's anything else in Denham, but it's called "the coin shop" on magnolia Beach Rd.
Posted on 5/20/21 at 4:10 pm to dragginass
What is the best way to sell silver rounds that doesn't involve having to pay for shipping? I feel like local deals all pay under spot price. I've had silver rounds and eagles in my safe for 10 years and I'd like to get completely out of metals. Is peer to peer buying a thing or do people worry about counterfeiting?
Having to buy above spot and having to sell below spot is such a racket.
Having to buy above spot and having to sell below spot is such a racket.
Posted on 5/20/21 at 5:44 pm to TigerTatorTots
quote:
I feel like local deals all pay under spot price. I've had silver rounds and eagles in my safe for 10 years and I'd like to get completely out of metals.
I'm new to this, but nobody is going to pay you spot or above. Just not the way it works. Think of it like selling a used car to a dealer. Dealer isn't going to pay you retail or above. People do worry about counterfeits. New folks like me would rather a trusted dealer for that reason.
ETA: I'm sure there's collectable coins worth more than spot, which I know nothing about. I was just referring to buillon.
This post was edited on 5/20/21 at 5:57 pm
Posted on 5/20/21 at 6:32 pm to dragginass
No where did I say I expect to get paid more than spot so not sure why you commented on that.
If spot is $27/oz, I don't want to get paid $25/oz. On the flip side, if spot is $27/oz, I wouldn't want to pay $29/oz. However that seems to be the norm. I'm just trying to ask the people familiar with buying and selling in here if there is a market for both buyers and sellers that don't want to deal with the premiums.
If spot is $27/oz, I don't want to get paid $25/oz. On the flip side, if spot is $27/oz, I wouldn't want to pay $29/oz. However that seems to be the norm. I'm just trying to ask the people familiar with buying and selling in here if there is a market for both buyers and sellers that don't want to deal with the premiums.
Posted on 5/20/21 at 7:23 pm to TigerTatorTots
I don't understand your posts. You said you feel like all local dealers pay less than spot, as if you expect them to pay more?
But that's how the market works. You can always put them on eBay and see if you can get more than you could from a local dealer.
quote:
If spot is $27/oz, I don't want to get paid $25/oz.
But that's how the market works. You can always put them on eBay and see if you can get more than you could from a local dealer.
Posted on 5/20/21 at 8:41 pm to dragginass
quote:I'm confused at how this isn't making sense to you. Are metals the only investment you've ever purchased? If the price of something is XX, I'd want to get XX for it. Seems like the metals market is the only market that pays you less than what the actual price is as well as you have to pay more than the actual price to acquire it. If a stock or cryptocoin is XX price, I pay XX price for it. For nearly anything, the market dictates a price and you pay that price. In metals, if something is XX price, I have to pay XX +10% or XX -10% to sell it. I was just trying to understand if there were avenues to avoid paying the dealer markups and markdowns from spot
You said you feel like all local dealers pay less than spot, as if you expect them to pay more?
Posted on 5/20/21 at 10:05 pm to TigerTatorTots
I see what you're saying, I think. Think of it like brokerage fees, or like the bid/ask price of a stock. In the larger picture, if you buy silver for $30oz today and it doubles in price to $60oz in a year you still reap the reward of your investment. The fees for transactions are just higher. Also, the larger the quantity you're dealing with the lower the "fees".
Posted on 5/21/21 at 10:30 pm to dragginass
If you’re talking about physical .....It really depends on the item an condition.
For example, Provident (owned by JM) is currently buying uncirculated ASE’s for $29.77 each/ 1 oz. ......Spot is currently $27.60 ..... so $2.16 above spot
Non government minted bullion is different because it is less marketable. Example, they’re buyin 1oz sunshine rounds for $27.76 .... $0.16 above spot
Local dealers rarely pay spot unless you have a preexisting relationship you have cultivated ......
For example, Provident (owned by JM) is currently buying uncirculated ASE’s for $29.77 each/ 1 oz. ......Spot is currently $27.60 ..... so $2.16 above spot
Non government minted bullion is different because it is less marketable. Example, they’re buyin 1oz sunshine rounds for $27.76 .... $0.16 above spot
Local dealers rarely pay spot unless you have a preexisting relationship you have cultivated ......
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