coin shop report 3/6/09
 

Prices drew back just a fraction.
This is up in Fairbanks, AK so everybody else in the country should be cheaper.

I ended up buying $10 face value in junk silver(90%) @ 11 times face value.
I picked walking liberty and Ben Franklin half dollars.

I also picked up 8 SAE pre 09 at 18.00 per. I know that this is a mark up. Most were 2004 coins in the plastic coin holders. The 09 were 20 per.

Finally, I bought 4 Peace silver dollars AU condition 1922 at 16 dollars per.

There is still a heavy demand for silver with less demand for gold.

I have an order of 60 oz of rounds on the way at (13 spot+2fee)per oz that will be there in two weeks.

I know that I am a bit player but I will continue with my mixed strategy of 50-100oz per month with increases as the weather gets warmer and our fuel prices drop.

I am tempted to buy some 2.50 cents Gold Indian head pieces that the shop wants to sell for $250 per. The shop used to have a big number of St. Gs and one ozer bullion coins. They are all gone. They are 60$ over spot on GAE 1 ozers but the owner told me he might reduce it because I buy a lot.

I am not going to go buy a dozen 1oz GAE right quick but will continue to clink away at silver buying. The owner said that he was making two-three 500 oz orders per month and they were filled within the same day that he ordered.

Sincerely,

Thomas

Re: coin shop report 3/6/09
 

I just went to the shop today and bought a 1/10 oz GAE for 115 and a 1/4 oz gold Maple for 245. Generic silver rounds were $15 and 90% coins were going for 11.3 times face.

Re: coin shop report 3/6/09
 

Stopped by a flea market and the fellow there had Peace $'s for $15-$16 Canadian.

Re: coin shop report 3/6/09
 

L.A. coin show report

90% 11-12x face 1 guy had walkers & bf's for 11x face shoulda bought
ASE 09 $18-20! 4.65 over spot? :36_1_25:
silver rounds $15
didnt check the gold usually $70-100 premium for GAE

I pulled the trigger on platinum maple leafs last week @ 1045.

Re: coin shop report 3/6/09
 

anyone know what the saints are going for at these shows?