Tracking the 2012 1oz Silver Dragon Secondary Market

Discussion in 'Lunar Forum' started by Apollo, Sep 2, 2011.

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  1. fishball

    fishball New Member Silver Stacker

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    Not to mention that isn't even the case.

    The average is closer to $150 and even that is skewed up by 2-3 auctions by 0 feedback bidders.
     
    fishball, Sep 10, 2011
    #121
  2. Mud Gecko

    Mud Gecko Active Member Silver Stacker

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    I can't imagine how many of that 300k are still in transit.....must be a lot though...
     
    Mud Gecko, Sep 10, 2011
    #122
  3. greyman68

    greyman68 New Member

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    If 1oz are selling for $200, anyone want to offer me $1000 for my 5oz Dragon? :) ;)
     
    greyman68, Sep 10, 2011
    #123
  4. Franko

    Franko Member Silver Stacker

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    Check out ebay listing 320757359829 it has a bid at $370 you would already be up $100 on top of fees I think.
     
    Franko, Sep 10, 2011
    #124
  5. Franko

    Franko Member Silver Stacker

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    I also noticed in the completed listings a 100 1oz Dragons for $20500 which didn't sell had a offer of $15800. You would have been close to clearing 15k after all fees and postage.
    That would have been a great quick return on a 5k outlay.
    You could have coverted it into 35 10oz bars.
     
    Franko, Sep 10, 2011
    #125
  6. silverybay

    silverybay New Member

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    silverybay, Sep 10, 2011
    #126
  7. 1for1

    1for1 Well-Known Member

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    Note the graders wording.. early release! Some entities had possession of Dragons in advance of others, i have noted this disparity within the Domestic Australian market on a micro-scale.

    I suspect there will be 000's of these 2012 dragons graded like this.. maybe 10's of 000's

    1for1
     
    1for1, Sep 10, 2011
    #127
  8. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Heating up or cooling down?

    For those interested in tracking the secondary market...

    Just swapped a box of 100 silver 1oz dragons for 8.5oz perth mint gold. I'll let you do the maths on that.
     
    SilverSale, Sep 10, 2011
    #128
  9. JDMseaweed

    JDMseaweed Member

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    lets see...

    8.5 x 1900 = 16,150 (give or take 1oz gold = 1900)

    $16,150 / 100 = $161.50 each approx (+- dollars here n there)

    hmmmmmm
    not bad profit over a week....

    n if you count in silver terms... that's like turning 100oz silver into 300+ oz silver... mind boggling...
     
    JDMseaweed, Sep 10, 2011
    #129
  10. Franko

    Franko Member Silver Stacker

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    Thats a great return and great dollar cost averaging.
     
    Franko, Sep 10, 2011
    #130
  11. Matthew 26:14

    Matthew 26:14 New Member

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    Yup, then buy another box of 100 when supply increases as the american bullion houses start to sell @ $60-$70 each.
     
    Matthew 26:14, Sep 10, 2011
    #131
  12. Matthew 26:14

    Matthew 26:14 New Member

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    Series 1 1oz silver 2000 Dragon, sold for $US 90 including delivery to your Australian door. 350490965597. Shows how stupid the 2012 prices are.
     
    Matthew 26:14, Sep 10, 2011
    #132
  13. heartastack

    heartastack Well-Known Member Silver Stacker

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    How did you even get 100?
     
    heartastack, Sep 10, 2011
    #133
  14. Silvermonkey

    Silvermonkey Active Member

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    I know right!!??
     
    Silvermonkey, Sep 10, 2011
    #134
  15. Diablo21

    Diablo21 Member

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    Wow, some crazy prices.

    Now my question is, all these guys that are paying $100 - $150+, are they hoping to make a quick profit on flipping these? I can't imagine too much profit there and the risk of a loss is quite a high at those prices.
     
    Diablo21, Sep 10, 2011
    #135
  16. dccpa

    dccpa Active Member

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    Matthew, I would be surprised if they didn't raise the price even higher than $60-70. That price range was my initial expectation of what they would charge. However, seeing how high the prices were in Germany, I expect the US dealers have sent the coins out for grading to make even more money. We shall see and the dragon mania continues.
     
    dccpa, Sep 10, 2011
    #136
  17. heartastack

    heartastack Well-Known Member Silver Stacker

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    The only way to stay on top paying those prices is to form as many complete sets of the series as possible (ceteris paribus, of course).
     
    heartastack, Sep 11, 2011
    #137
  18. Apollo

    Apollo New Member

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    Well... current price being 1771.54 AUD you would be looking at more like $150/ozt... pretty much on the dot for ebay rates...
    overpriced for the going rate on SS though...

    Still a decent return.
     
    Apollo, Sep 11, 2011
    #138
  19. GoldMeUp

    GoldMeUp New Member

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    GoldMeUp, Sep 12, 2011
    #139
  20. noagenda33

    noagenda33 Member

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    Well I'm done with it, sold 5 for an avg of $150 net of eBay and paypal fees, so $500 profit - eBay is flooded with them now so prices are sure to ease off a bit from here, right....?! Will keep the other 15 in the sock drawer for a few years, unless the prices get even crazier ;)
    Anyhoo off to find a free $500 worth of something to add to the stack....
    -noa
     
    noagenda33, Sep 12, 2011
    #140
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