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-   -   I'm in this antique/coin shop (http://goldismoney.info/forums/showthread.php?t=355639)

gliddenralston 03-05-2009 11:33 AM
I'm in this antique/coin shop
 
in Clear Lake, iowa. This guy has 08 silver eagles price is $20, I say you know price of silver is $12.96 today your $7 over spot. He says don't care, I offer $3 over spot he laughs n says no, he goes on to say the way obama's printing money it won't be long and you'll be wishing you could buy these for $20, I pass on the eagles. he also has common morgan n peace dollars all priced @ $18.50 and won't barter on them. I say good luck selling your stuff n head for door, he says just amatter of time and customers will be clammering to buy at my price, but it will be to late then, prices will be higher. I hope he's right !!!!!!!!!!!!:5_1_120:

11S11ver 03-05-2009 11:43 AM
Re: I'm in this antique/coin shop
 
Did you try asking him what his buy price is? I bet it's nowhere NEAR $20 per eagle.

Turner-son 03-05-2009 11:46 AM
Re: I'm in this antique/coin shop
 
Quote:
Originally Posted by gliddenralston (Post 1608679)
in Clear Lake, iowa. This guy has 08 silver eagles price is $20, I say you know price of silver is $12.96 today your $7 over spot. He says don't care, I offer $3 over spot he laughs n says no, he goes on to say the way obama's printing money it won't be long and you'll be wishing you could buy these for $20, I pass on the eagles. he also has common morgan n peace dollars all priced @ $18.50 and won't barter on them. I say good luck selling your stuff n head for door, he says just amatter of time and customers will be clammering to buy at my price, but it will be to late then, prices will be higher. I hope he's right !!!!!!!!!!!!:5_1_120:
Hey, was his name Bob? An older guy whose son runs the shop? He's one of two coin dealers in the Mason City / Clear Lake area. I called him up the other day and he had some 90%, but he wasn't selling. His Eagles were at $19 then.

Gcubed 03-05-2009 11:49 AM
Re: I'm in this antique/coin shop
 
$3 over spot is below his replacement cost buying monster boxes. I'm not surprised that he laughed.

gliddenralston 03-05-2009 12:00 PM
Re: I'm in this antique/coin shop
 
Quote:
Originally Posted by Turner-son (Post 1608703)
Hey, was his name Bob? An older guy whose son runs the shop? He's one of two coin dealers in the Mason City / Clear Lake area. I called him up the other day and he had some 90%, but he wasn't selling. His Eagles were at $19 then.
I was just passing threw Iowa, I don't know his name but his store is on main st in clear lake. you ever have any luck buying from him? or is he just plain hard to deal with?.

Fullpower 03-05-2009 12:43 PM
Re: I'm in this antique/coin shop
 
Here is your mistake: " I say you know price of silver is $12.96 today "
What you actually discovered, but did not understand, was that the PRICE of silver on that day in that store was 20 dollars per ounce.
There is no place on this planet where YOU or I or anyone else YOU know can walk in and buy Silver Eagles for 12.96, that number you quoted is NOT to be confused with a 'PRICE'

Turner-son 03-05-2009 01:32 PM
Re: I'm in this antique/coin shop
 
Quote:
Originally Posted by gliddenralston (Post 1608734)
I was just passing threw Iowa, I don't know his name but his store is on main st in clear lake. you ever have any luck buying from him? or is he just plain hard to deal with?.

Yeah, I had some luck a couple years ago and again last year. Mostly I used to buy on ebay and sell to him since local prices were always higher. Since the craziness in prices and premiums started last summer, I haven't been in either of his shops (he has one in Mason City too). Did you check out his 1/10 GAEs? He had them priced at $135 when I called last week.

He usually doesn't sell any of his 90% to locals (he buys tons of it though). He'll take a whole bag full down to Des Moines and sell it there.

Twisted Avatar 03-05-2009 02:22 PM
Re: I'm in this antique/coin shop
 
Quote:
Originally Posted by Fullpower (Post 1608875)
Here is your mistake: " I say you know price of silver is $12.96 today "
What you actually discovered, but did not understand, was that the PRICE of silver on that day in that store was 20 dollars per ounce.
There is no place on this planet where YOU or I or anyone else YOU know can walk in and buy Silver Eagles for 12.96, that number you quoted is NOT to be confused with a 'PRICE'
WELCOME TO THE FREE MARKET.

IT IS.......WHAT I SAY IT IS.

T

HistoryStudent 03-05-2009 02:24 PM
Re: I'm in this antique/coin shop
 
Time to start your OWN business - start in your CAR TRUNK and carry HEAT! :111::111:

highroller4321 03-05-2009 07:07 PM
Re: I'm in this antique/coin shop
 
Quote:
Originally Posted by gliddenralston (Post 1608679)
in Clear Lake, iowa. This guy has 08 silver eagles price is $20, I say you know price of silver is $12.96 today your $7 over spot. He says don't care, I offer $3 over spot he laughs n says no, he goes on to say the way obama's printing money it won't be long and you'll be wishing you could buy these for $20, I pass on the eagles. he also has common morgan n peace dollars all priced @ $18.50 and won't barter on them. I say good luck selling your stuff n head for door, he says just amatter of time and customers will be clammering to buy at my price, but it will be to late then, prices will be higher. I hope he's right !!!!!!!!!!!!:5_1_120:
$20 is the going rate anywhere you go around the midwest. Im about 3 hours from clear lake too:tongue_ma:

Coin show last weekend in Nevada, Iowa SAE going for $20-24 each

GardensGold&Guns 03-05-2009 08:57 PM
Re: I'm in this antique/coin shop
 
guess its supply & demand

local coin shop in L.A. had them for 17.75 today

morganchaser 03-06-2009 06:55 AM
Re: I'm in this antique/coin shop
 
Hazard Pay.

CoinHunter53562 03-06-2009 07:27 AM
Re: I'm in this antique/coin shop
 
$20 here in Madison, WI, but the dealer was nice enough to offer them to me for $19/each because of the volume I do with them. :confused_m:

phideaux 03-06-2009 08:28 AM
Re: I'm in this antique/coin shop
 
So is anyone thinking premiums on Eagles are going to come down from here? They've held pretty steady for the last year or so.


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