Tracking the 2012 1oz Silver Dragon Secondary Market

Matthew 26:14 said:
Let's see now, there are 300,000 of these 1oz coins and about 5 have sold on feebay for $200 or similar. So you are saying the remaining 299,995 1oz coins out there are now valued at $200? Gimmie a break. A couple of overpriced sales doesnt change the average value.
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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.
 
greyman68 said:
If 1oz are selling for $200, anyone want to offer me $1000 for my 5oz Dragon? :) ;)
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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.
 
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.
 
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.
 
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...
 
Series 1 1oz silver 2000 Dragon, sold for $US 90 including delivery to your Australian door. 350490965597. Shows how stupid the 2012 prices are.
 
SilverSale said:
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.
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How did you even get 100?
 
heartastack said:
SilverSale said:
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.
Click to expand...

How did you even get 100?
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I know right!!??
 
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.
 
Matthew 26:14 said:
Yup, then buy another box of 100 when supply increases as the american bullion houses start to sell @ $60-$70 each.
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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.
 
Diablo21 said:
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.
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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).
 
JDMseaweed said:
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...
Click to expand...
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.
 
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
 
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