Low Balled and Insulted by APMEX

Discussion in 'Numismatics' started by Melty, Oct 23, 2013.

  1. Melty

    Melty New Member Silver Stacker

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    look at the prices they would give me lol

    Australia Koala H/R Silver Proof 2013 5oz (w/COA and presentation box) - $200

    UK Britannia H/R Silver Proof 2013 5oz (w/COA and presentation box) 2% over melt

    Niue 2013 H/R Silver Mercury Redux 6oz (w/COA and presentation box)$350

    Australia Kangaroo Silver 1oz (Proof) 2009 (Artist Series - Ken Done) (w/COA and presentation box) - $70

    Australia Kangaroo Silver 1oz (BU - Carded Specimen) ; 2011 - $60,2012 - $45,2013 - $55

    Australia Kangaroo at Sunset Silver 1oz (Proof) ; 2009-F12 - $150, 2010-F15 - $80, 2011-F15 - $75, 2012 F15 - (X2) - $70, 2013 F15, (w/COA and presentation box) - $65

    Australia Kangaroo Silver (2013 20th aniv) 1oz (Proof) 2013 (w/COA and presentation box) - $70

    Australia Kangaroo High Relief Silver 1oz (proof) ; 2010 - $85, 2011 - $70, 2012 - $60, (w/COA and presentation box)

    Australia High Relief Silver 1oz (proof) Dragon - 2013 (w/COA and presentation box) - $85

    Australia High Relief Silver 1oz (proof) Koala 2013 (w/COA and presentation box) - $55

    Australia High Relief Silver 1oz (proof) Kookaburra 2013 (w/COA and presentation box) - $60

    Australia Kangaroo at Sunset (proof) ( $1 - 1/5oz) ; 2010 - $70, 2011 - $40, 2012 - $40, 2013 - $40, (w/COA and presentation box)

    Australia Lunar Dragon (colored) Kilo 2012 (In Air Tite Capsule) Spot + $40

    Australia Lunar Snake (colored) 10 oz 2013 - (In Air Tite Capsule) Spot + $30

    Australia Rams Head Dollar - proof 1/5 oz. 2011 (x4) (w/COA and presentation box) - $25

    Australia Kookaburra Silver 1oz BU; 1990 + $10 ,2000 + $5,2001 + $5,2002 +$5,2003 + $5,2004 + $5,2005 +$5,2006 + $6,2007 + $7,2008 + $10,2009 + $10,2010 + $10,2011 + $8,2012 + $3,2013(x2) + $3, (All In Air Tite Capsule)

    Australia Kookaburra Tube (20) 2012 (In Air Tite Capsule) Spot + $8

    Australia Koala Silver 1oz BU; 2007 - $65, 2008 - $50, 2009 + $7, 2010 + $10, 2011 + $7, 2012(x2) + $4, 2013 + $3

    China Panda Silver 1oz BU; 2005 (in blister) - $40, 2010 - $40, 2011 - $30, 2012 + $4, 2013 + $4, (All In Air Tite Capsule)

    Isle Of Man Silver 1oz Viking Noble 2011 (w COA In Air Tite Capsule) $40

    New Zealand Kiwi Silver 1oz (Proof); 2007,2008,2009,2010,2011,2012,2013, (w/COA and presentation box) $50 each

    New Zealand Kiwi Silver 1oz (BU - Carded Specimen) 2011 =$50, 2013= $30

    Rwanda Kwita Izina Silver Mtn Gorilla 2010 (w/COA and presentation box) Spot + $5

    Russia St George the Victorious 1oz BU; 2009 x2, 2010 x2, (In Air Tite Capsule)= Spot

    UK Britannia Silver 1oz BU; 2009, 2010, 2011, 2012, 2013, (In Air Tite Capsule)= $0.50 over spot

    US ATB Silver 5oz Collectors (P mark) 2010 Hot Springs, 2012 Denali,(w/COA and presentation box)$225, $220

    US Eagle Silver 1 oz Proof - 2011(w/COA and presentation box)= $40

    US SF 2 coin Silver Eagle set. 2012 Rev proof and Proof.(w/COA and presentation box) $160

    US WP 2 coin silver Eagle set. 2013 Rev Proof and Enhanced Proof(w/COA and presentation box) $125

    Somalia Republic Elephant Silver 1oz BU ; 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2010(with 2009 obverse), 2011, 2012(x2), 2013(In Air Tite Capsule= Spot


    I emailed them back and said no more business from me.


    before I could finish this post they called me and wanted to know what was wrong haha

    they will look over the list and counter offer (uh huh)
     
  2. goldpelican

    goldpelican Administrator Staff Member

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    Am I missing something?
     
  3. hem9

    hem9 Active Member Silver Stacker

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    not stellar prices but not lowball as you have to factor in that they are a business and they have to make money even with overheads.
     
  4. Altima

    Altima Well-Known Member Silver Stacker

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    Just goes to show you'd make more by selling to fellow stackers. :)
     
  5. Melty

    Melty New Member Silver Stacker

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    Lets use the first one as an example.

    A 2103 H/R 5 oz Koala for $200?

    Can you get one for less than $600 much less find one?

    Is that not a low ball offer?
     
  6. Melty

    Melty New Member Silver Stacker

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    exactly, eBay will get some of my profit, but Ill make twice as much compared to the other guys
     
  7. Altima

    Altima Well-Known Member Silver Stacker

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    Haha yeah. You have a point there. But APMEX has a lot of overheads and margins and whatnots.

    Or maybe they're just trying to get lucky and rip you off. Hehe
     
  8. Melty

    Melty New Member Silver Stacker

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    rip off is right, they did apologize, but they wouldn't budge
     
  9. goldpelican

    goldpelican Administrator Staff Member

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    I'll be honest - they're a mixed bullion/numismatic company,and the offers reflect that. They buy low and sell high. Coins like the example you just gave are not bullion, so their expected premium for holding the stock is going to be a lot higher than say Somali elephants that would just get treated as low-premium rounds if they turn up and are not saleable as BU and turned over almost immediately (they're trusting that your descriptions match their expectations).

    A low-turnover coin with high premiums is going to get a much lower offer than a bullion coin that can be bought at spot, and sacrificed to the random 1oz round bucket if it turns out to be less than pristine.

    Dealer buyback prices on numismatics are never going to be stellar.
     
  10. trew

    trew Active Member Silver Stacker

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    There are some damn good prices there that I would jump at
     
  11. Altima

    Altima Well-Known Member Silver Stacker

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    The next question is, are any of these beauties for sale? ;)
     
  12. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    +1

    And I think I am safe in saying I can beat a major dealer's offer :)
     
  13. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    Group buy from Melty?
     
  14. bloomst

    bloomst Well-Known Member Silver Stacker

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    +1
     
  15. Melty

    Melty New Member Silver Stacker

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    The group buy thing is piquing my interest. I was going to ebay it, but I'd rather split the difference with my fellow Stacker's instead of giving the profit to ebay/paypal. Im hesitant to sell overseas, but the shipping cost savings with a group buy makes it seem like a win win situation for all of us.

    Ill get my paypal account going soon and upgrade my account then... I need to read up on how this all works.

    Give me a few days.

    and thanks for the encouraging replies.
     
  16. DanielM

    DanielM Active Member Silver Stacker

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    Group buy is better if done by someone in australia
     
  17. DanielM

    DanielM Active Member Silver Stacker

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    Ps if you want to be insulted take it to a Goldbuyers or similar operation
     
  18. db23

    db23 Member

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    Please don't make the mistake of calling them a numismatic company, they are not even remotely close to that. I would consider them a company that deals in high value bullion and low value bullion, because to them everything is bullion.
     
  19. W Davis & Son

    W Davis & Son New Member

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    The prices seem high for selling to a dealer, higher than you could here selling to a dealer.
     
  20. barsenault

    barsenault Well-Known Member

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    Spot on. When I sold/sell my bullion to them (back at 35.00 an ounce) they were more than fair. Although, since the shake down from about 28.00...forget about it. I made much more on eBay. Haven't sold any bullion in a long time. Just pulling a stark, and getting rid of my thang colored...LOL.
     

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