Gold Score?

[osoab]

I'm pleased anyway.

Went to the local coin shop. I have never been there personally, but I conviced a coworker to cash out her Euros into metals and had her pick me up some dimes while she was there.

Any way, picked up a .10 1989 panda sealed in plastic for 125 and a .10 1987 gae for 130.

I'm tickled. I didn't think he would be that low.

He is selling SAE @ 22 and I think SML @ 21.

Any objections to the buy?

[gunDriller]

Any way, picked up a .10 1989 panda sealed in plastic for 125 and a .10 1987 gae for 130.

$5 & $10 over spot for a 1/10th ounce. that's a damn good deal.

[1970 Silver Art]

IMO $130 is an awesome deal for a 1/10 oz GAE with spot in the $1220's range. The local dealers in my area are probably selling those 1/10 oz GAEs for between $140-$150.

[osoab]

He said he was getting in more fracs tomorrow. I would guess that the price would be the same.

I hope I wasn't smiling ear to ear when he said the prices. I was thinking of my meager buys online and paying shipping.

BD is 150 and 151 for the gae and panda respectively.

Apmex has no .10 gae's. They have a 1990 for 200 & a 1988 for 167. Nothing special coins sealed in mint plastic.

Any way, picked up a little AU. Pb was yesterday.

[gunDriller]

Any way, picked up a little AU. Pb was yesterday.


Pb as in Lead ?

[osoab]

Any way, picked up a little AU. Pb was yesterday.


Pb as in Lead ?


Exactly

[gunDriller]

Any way, picked up a little AU. Pb was yesterday.


Pb as in Lead ?


Exactly


my guess is, you're not talking about the lead weights you put on your wheel when your car wheels are balanced. 8)

[osoab]

Any way, picked up a little AU. Pb was yesterday.


Pb as in Lead ?


Exactly


my guess is, you're not talking about the lead weights you put on your wheel when your car wheels are balanced. 8)


Uh, Er, Umm, that would be what I bought. :oo-->

[osoab]

Went back to the same coin shop. Spot @ the time of this post Au= $1209.40 & Ag= $18.08

Picked up a 2004 1/10 gae for $125 again. Still a good price IMHO.

Apmex is selling 2010's @ 144. BD is running them for $144.

Picked up SAE's for $22. Apmex is $20.56 for 20-99. BD is selling @ $20.76

To reference back to my op, spot close for gold on May 18 was $1210.50, Ag was $18.69.

High on the SAE's I would say. I was thinking $21 each when I walked in the door.
But it was cash-n-carry and no shipping so I will live with the $22 price tag.

While I was there another guy was looking to sell a 100 JM bar in the JM box. He said he bought it @ $3 spot. They were discussing price and why the dealer was a dollar off spot. The dealer was saying that a dollar under spot was the going rate for big bars and that you would always get a little less than spot when selling any amount currently. I just kept my mouth shut.

The coin dealer offered 1700 cash. Quite low in my opinion, but I kept my mouth shut. So I asked for a roll of SAE's, the guy left with his buddy, and I continued about my business. The JM guy walked back in about 5 minutes later.

He 1st asked what a tube of SAE's were then we all BS'ed for a bit. We were talking about the all but foregone conclusion that silver would blow vertically up in price.

He then sold his bar for $1700 cash. Too much to resist i would guess. I kept my mouth shut.
Ampex' buy price on a 100 oz JM bar is $1808 currently.

FWIW the dealer is looking for $1500 gold and $25 sliver by Jan 1. I told him it would be nice to break $22 first.

[1970 silver art]

IMO That is still a very good deal on that 2004 1/10 2004 GAE. I think that one of my local dealers is probably currently selling those for more than $125. I think that SAE's usually have that high premium over spot. I do not buy SAE's but I remember on a recent trip to one of the the coin dealers in my city, that 2010 SAE's were going for $25 but I do not know how much the older year SAE's were selling for. I am going to guess about $22-$23 at that time. I did not ask since I knew that I was not going to buy any SAE's.