never yet found sovs at spot from a dealer. It wouldn't be rational as a dealer. There are too many expenses to make that a fair trade.
however, here I have bought quite a bit. It's going back years now. Whether gold or silver, certain items come and go in popularity. Sovs weren't that sought after a few years back. For now I guess sovs are in hot demand, even $200 coins. These were also on the nose, even mocked. Now, they sell quickly. Fractional perth mint stuff could also be had at spot a year or two ago here and this was highly overpriced going back 9 years ago.
back then I bought a Dreaming Australia series or called something like it. It was 5 x 1/10 oz coins. It was touted here as a good long termer. The premium was so high that I think I'm in profit if sold at spot only on this last run from 1750 to 2200-2300. That's nine years! Learn the lesson. Avoid fractionals unless close to spot or numi. Walk or run away.
rewind 8 years ago and silver 50s also carried a big premium. A few years ago they were rock bottom and sellers sometimes went without a buyer. They were less than 2009 prices at the bottom. Now they should be achievable at spot if bought in bulk. Again, not at a dealer. For the same reasons as above.
the situation for buying at markets on the weekend is the worst I've seen, typically higher than dealers. I saw one seller a few weeks back trying his hand at 49 dollars for ASEs. I'm seeing older folks selling their stack with a different selling style. They seem to be happy enough to eke out sales over years, with sky high prices allowing this kind of lifestyle. It is more like a hobby, something to do for them than a key source of income. A waste of time as a buyer, but they are often helpful in telling you about certain pieces on show.
your friend is the buyback price chart at major dealers, ironed flat at the spot price, no matter what you bought it for. This is a good reminder to be cautious and buy where possible close or at spot, unless clearly a numi or you are punting on whatever it is to be sought after in the future by collectors or expect a fad.
however, here I have bought quite a bit. It's going back years now. Whether gold or silver, certain items come and go in popularity. Sovs weren't that sought after a few years back. For now I guess sovs are in hot demand, even $200 coins. These were also on the nose, even mocked. Now, they sell quickly. Fractional perth mint stuff could also be had at spot a year or two ago here and this was highly overpriced going back 9 years ago.
back then I bought a Dreaming Australia series or called something like it. It was 5 x 1/10 oz coins. It was touted here as a good long termer. The premium was so high that I think I'm in profit if sold at spot only on this last run from 1750 to 2200-2300. That's nine years! Learn the lesson. Avoid fractionals unless close to spot or numi. Walk or run away.
rewind 8 years ago and silver 50s also carried a big premium. A few years ago they were rock bottom and sellers sometimes went without a buyer. They were less than 2009 prices at the bottom. Now they should be achievable at spot if bought in bulk. Again, not at a dealer. For the same reasons as above.
the situation for buying at markets on the weekend is the worst I've seen, typically higher than dealers. I saw one seller a few weeks back trying his hand at 49 dollars for ASEs. I'm seeing older folks selling their stack with a different selling style. They seem to be happy enough to eke out sales over years, with sky high prices allowing this kind of lifestyle. It is more like a hobby, something to do for them than a key source of income. A waste of time as a buyer, but they are often helpful in telling you about certain pieces on show.
your friend is the buyback price chart at major dealers, ironed flat at the spot price, no matter what you bought it for. This is a good reminder to be cautious and buy where possible close or at spot, unless clearly a numi or you are punting on whatever it is to be sought after in the future by collectors or expect a fad.
