Silver and Gold take a tumble posted by walnutto

[CSJournals-migration]

Will the Mint lower prices?

 

With Silver and Gold prices plummeting to over a 2 year low. How long will the US Mint adjust some of their Commemorative coin prices and Eagles?

 

My guess is sometime next week?

 

See more journals by walnutto

[Mr Bo Jingles]

I really doubt you are going to see that. The price of silver doesn't really affect collectible issues like the proof eagles. If you want ASE's just for investment, you can always buy rolls at spot plus a little premium on ebay.

 

I may be wrong, but high end graded coins (at least with regard to silver) won't be affected by market metal fluctuations. For the most part it's the bullion collectors that are taking a hit and that's only if they have to sell.

 

It will bounce back.

 

Happy Collecting!

 

Bo

[Six Mile Rick]

NOW'S the time to BUY!!!

The mint may load their vaults with raw silver but don't wait for a cost decrease in their products.

[hunter's gold]

Not sure why anyone would buy from Ebay these days unless you do not have a reputable coin store around you. The prices I see buyers paying makes my head hurt sometimes. I am fortunate to have a place near that I do business with and generic bars or rounds go for $2 over spot and 2013 ASE or coins from Canada go for about $4 over spot.

[Mr Bo Jingles]

Hunter I agree, but there are a few dealers on ebay that you can get Eagles and Maples 3-4 bucks over spot.

 

You can also get great deals from Gainsville Coins, but I hate to pay the pop for shipping.

[jpcienkus]

For bullion, try JM Bullion out of Chicago. I've bought from them and APMEX.

 

Like Bo, I gag every time I have to pay for the S&H, but overall, the final prices are pretty decent.