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Old 05-05-2012, 07:29 PM   #1
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ASE premium

I am getting back into silver. How much over spot do ASEs go for these days? I found some locally going for $33.40 a pop, good?
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Old 05-05-2012, 07:35 PM   #2
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$2-4 over roughly. $3 and some change over isn't bad.
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Old 05-06-2012, 03:31 AM   #3
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Old 05-06-2012, 05:39 AM   #4
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hmmm

i am tempted to put my remaining dry powder into silver, too.

there seems to be capitulation and much fear of a further fall in price

Just how little to keep in a CD account then ?
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Old 05-06-2012, 08:10 AM   #5
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CD's are a theft of your money if you ask me. Silver is a safe bet.
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Old 05-06-2012, 09:22 AM   #6
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Originally Posted by ancona View Post:
CD's are a theft of your money if you ask me. Silver is a safe bet.
thats what i thought when i bought about 50kg if the stuff at $40 an ounce

like any idiot 'double or quits' gambler, im eager to try again.
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Old 05-06-2012, 09:27 AM   #7
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Don't feel bad Rblong, I have been buying the whole time. From 9 dollars up to 37 dollars and back down again. My DCA is [I think.....] somewhere around 20 or so. If you bought at 40 for the first purchase, yes it stings......for now, but soon enough 40 will feel cheap, and you will wish you got more. ; - )
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Old 05-09-2012, 11:08 PM   #8
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I went to one of my LCS today to take advantage of the savings, to my surprise he had a bunch of 2012 ASE, he wanted $36 each and $700 for a tube. I just about laughed my way out of the store... but he did have some Engelhard and JM bars for $1.50 over, so I just got those and a couple 1/10 oz AGE's.

I didn't think he corrected the price tage since the drop but when I asked him, he said it is correct.
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Old 05-10-2012, 01:09 AM   #9
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As the price drops, the premium will rise.

It has to in order to reflect the real price of silver. Eventually the price of physical will simply decouple from the price of paper because the two have nothing whatsoever in common.
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Old 05-10-2012, 04:56 PM   #10
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I just got another round from Tulving - spot was $2.49.

But that's a quantity buy.

Keep stacking, peeps...
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Old 05-14-2012, 08:38 AM   #11
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Took delivery of those ASE's I purchased; sad that silver has dropped 2 additional dollars since then.

If prices stay this low, I will hit my silver goal in only two months!
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Old 05-14-2012, 09:53 AM   #12
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In a few years, I doubt you will be feeling sad about the prices you paid.
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Old 05-14-2012, 11:10 AM   #13
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I don't like paying much of a premium for Eagles, Maples or Phils because of their huge mintage. If I am gonna pay a premium it will only be for perth stuff as the mintage is limited to only 300,000 for 1 ounce coins and the designs change each year.

For the 3 I mentioned above I wouldn't pay more than $3 over spot.
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Old 05-14-2012, 11:14 AM   #14
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Originally Posted by Renewed Investor View Post:
I don't like paying much of a premium for Eagles, Maples or Phils because of their huge mintage. If I am gonna pay a premium it will only be for perth stuff as the mintage is limited to only 300,000 for 1 ounce coins and the designs change each year.

For the 3 I mentioned above I wouldn't pay more than $3 over spot.
I don't buy them if they are in excess of $3 over spot. Right now I am working on a monster box, but I doubt I will buy any ASEs afterwards for the very reasons you mentioned.
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Old 05-14-2012, 04:53 PM   #15
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I just stopped by the LCS while I was running some errands, the same LCS I mentioned earlier in the thread and got a handful of ASE for $1 over each. They were random years and they are pretty beat up, but couldn't pass it up for only a buck over.
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Old 05-14-2012, 06:23 PM   #16
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Libertads are minted in relatively low quantities and have a nice design if you are looking for less common stuff.
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Old 05-14-2012, 06:42 PM   #17
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Originally Posted by white&yellow999 View Post:
I just stopped by the LCS while I was running some errands, the same LCS I mentioned earlier in the thread and got a handful of ASE for $1 over each. They were random years and they are pretty beat up, but couldn't pass it up for only a buck over.
My LCS sells ASEs for spot + 6.5 and can not keep them in stock. I wish I could get a good deal from them. I have to buy from other sources.
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Old 05-14-2012, 06:55 PM   #18
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+6.5? Bleh, even with shipping you can do better than that online.
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Old 05-20-2012, 10:32 AM   #19
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I'm looking at Apmex right now, and while they advertise a premium as low as $2.79 per ounce, that is for buys of over a hundred ounces. Most of us here buy in lkots from between five and fifty a pop, and rarely a hundreed. The real premium for a lot of nineteen, done by credit card, is $5.26 per coin. That my friends is one hell of a premium, and it doesn't even cover shipping and insurance, which probably adds another fifty cents, making tghe premium $5.76 per ounce. Thats a giant premium by anyone's standards.
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Old 05-20-2012, 10:35 AM   #20
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As a matter of fact, for orders between one and nineteen ounces of Apmex generic silver one ounce rounds is four freaking dollars if done with a credit card. Shipping and insurance probably bring it closer to five bucks.

This tells me that they are controlling prices with premiums. I think we are likely to see a hell of a lot more of this during the summer and going in to the heavy election season of August, September and October.
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