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- - 2008 Silver Eagles $3.00 above spot. Good Price? (http://goldismoney.info/forums/showthread.php?t=291549)

luft97 | 08-13-2008 06:19 PM
2008 Silver Eagles $3.00 above spot. Good Price? I'm curious as to what you all think about buying 2008 SAE for $3.00 above spot. Good or Bad?:D

j-son | 08-13-2008 06:20 PM
Re: 2008 Silver Eagles $3.00 above spot. Good Price? Quote:
Originally Posted by luft97 (Post 1237312) I'm curious as to what you all think about buying 2008 SAE for $3.00 above spot. Good or Bad?:D
on the higher end of things...usually about $2 over spot is fine. i guess ok for small amounts but for larger amounts i'd pass

Twisted Avatar | 08-13-2008 06:26 PM
Re: 2008 Silver Eagles $3.00 above spot. Good Price? Will it matter when silver is sitting past 55 dollars by 11/11/09??? T

luft97 | 08-13-2008 06:30 PM
Re: 2008 Silver Eagles $3.00 above spot. Good Price? Quote:
Originally Posted by Twisted Avatar (Post 1237330) Will it matter when silver is sitting past 55 dollars by 11/11/09??? T
Well that was my take on it TA, I bought a bit today. My local store was low on pretty much everything. Very few misc rounds, out of Krugerrands & Maples both gold and silver, but they had alot of SAE and GAE so I picked up what I could. It didn't seem to be that bad of a deal.

californiajeff | 08-13-2008 06:45 PM
Re: 2008 Silver Eagles $3.00 above spot. Good Price? Quote:
Originally Posted by Twisted Avatar (Post 1237330) Will it matter when silver is sitting past 55 dollars by 11/11/09??? T
Something special about 11/11/09?

V A | 08-13-2008 06:48 PM
Re: 2008 Silver Eagles $3.00 above spot. Good Price? Quote:
Originally Posted by luft97 (Post 1237333) Well that was my take on it TA, I bought a bit today. My local store was low on pretty much everything. Very few misc rounds, out of Krugerrands & Maples both gold and silver, but they had alot of SAE and GAE so I picked up what I could. It didn't seem to be that bad of a deal.
Had a similar experience. GAE for 865$ today and 157$ for Englehard 10oz. As good as on-line prices and I take immediate delivery. Nice. :bull-buddy-icon:

Twisted Avatar | 08-13-2008 06:54 PM
Re: 2008 Silver Eagles $3.00 above spot. Good Price? Quote:
Originally Posted by californiajeff (Post 1237357) Something special about 11/11/09?
Yeah......... I said it would be.:D T

Saul Mine | 08-13-2008 10:41 PM
Re: 2008 Silver Eagles $3.00 above spot. Good Price? Silver $15, eagles $18 Silver $16, eagles $19 Silver $17, eagles $20 You would have been happy to pay $20 a couple of weeks ago, expecting the price to go on up to $XX next year. So now spot is down $3 and still headed to $XX. What is the problem? You no longer think spot will go up? You're afraid silver is headed into a bear market? You just resent a $3 premium? You need to do some thinking about what's what and why you are investing.

CyberGold | 08-13-2008 10:49 PM
Re: 2008 Silver Eagles $3.00 above spot. Good Price? I was able to pick up 2 SAE for 16 the other day (.50 over spot) but that is not normal - they were in the generic box and marked $25 on their plastic holders but the boss said spot+.50 - sold!

StackerKen | 08-13-2008 10:51 PM
Re: 2008 Silver Eagles $3.00 above spot. Good Price? $18 eagles sound good to me

V A | 08-13-2008 11:00 PM
Re: 2008 Silver Eagles $3.00 above spot. Good Price? Quote:
Originally Posted by CyberGold (Post 1237769) I was able to pick up 2 SAE for 16 the other day (.50 over spot) but that is not normal - they were in the generic box and marked $25 on their plastic holders but the boss said spot+.50 - sold!
This is so cool when it happens although I spend 10$ in gas driving to several shops to save 5$. One big SAE for spot +.50 score and I'm back to break-even. Could happen. :D

luft97 | 08-14-2008 03:20 AM
Re: 2008 Silver Eagles $3.00 above spot. Good Price? Quote:
Originally Posted by Saul Mine (Post 1237758) Silver $15, eagles $18 Silver $16, eagles $19 Silver $17, eagles $20 You would have been happy to pay $20 a couple of weeks ago, expecting the price to go on up to next year. So now spot is down $3 and still headed to . What is the problem? You no longer think spot will go up? You're afraid silver is headed into a bear market? You just resent a $3 premium? You need to do some thinking about what's what and why you are investing.
Oh, I agree Saul. I picked up quite a few, was interested to hear whether or not people thought it was a decent deal is all. :D

Willie647 | 08-14-2008 09:28 AM
Re: 2008 Silver Eagles $3.00 above spot. Good Price? I paid 17.10 for sae 8/13/08 and was happy to get them.

StackerKen | 08-15-2008 06:34 AM
Re: 2008 Silver Eagles $3.00 above spot. Good Price? Quote:
Originally Posted by traderken (Post 1237774) $18 eagles sound good to me
$16 eagles sound even Better! :D

SilverRanger | 08-24-2008 12:16 PM
Re: 2008 Silver Eagles $3.00 above spot. Good Price? Ha, my dealer sells them for $21 atm. I just chuckled and bought all the prospectors he had.

ME CO | 08-24-2008 02:21 PM
Re: 2008 Silver Eagles $3.00 above spot. Good Price? Quote:
Originally Posted by SilverRanger (Post 1252232) Ha, my dealer sells them for $21 atm. I just chuckled and bought all the prospectors he had.
My local sell his "UGLY" SAE's for $3 over spot when silver was $17- don't know what he wants now or for new ones. HH Mark BTW when I say ugly- one was in such bad shape I told him he should have it remelted to put her out of her misery.

steel_ag | 08-24-2008 02:34 PM
Re: 2008 Silver Eagles $3.00 above spot. Good Price? If I remember correctly, David Morgan recently stated on a podcast from www.financialsense.com that it now costs miners about $17.00 to produce/mine an ounce of silver. So..even with a $3.00 premium etc, if you are purchasing silver for under $17.00 an ounce right now, you are making $$ imho. Anybody got a source where they can track the average price it costs for a miner to mine/produce an ounce of silver? Thanks! g

AlwaysWrite | 08-27-2008 03:19 PM
Re: 2008 Silver Eagles $3.00 above spot. Good Price? Premiums always matter. Even if you think it's going to $50 an ounce or whatever. If you pay too high a premium, you get less silver for your $$$... which costs you even MORE if the silver you don't have goes to $50! Also, I don't like to buy an investment and instantly be sitting on a $3 loss. We all THINK we know what the spot price will do. But none of us really know. If you buy silver for $16 when spot is $16, great. Buying silver for $16 when spot is $13 is not the same thing. Because now spot has to go up $3 just for you to break even... instead of sitting on a $3 profit. Will premiums come back down? I think so. If silver stays around $13, sellers will start to get nervous and sell for cheap (so your dealer can turn around and sell with normal premiums), and refiners will buy 1,000 oz bars and start turning them into rounds. If silver goes back to $16... then the premiums will disappear anyway, and at least you'll be paying a fair price and not starting $3 in the hole. Now, maybe buying $16 silver with spot at $13 is better than not buying silver at all... if you eventually sell it for more than $16 somewhere down the line. But maybe being patient or searching for a good deal will turn out better still.

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