NOTE: Please know that the premiums for gold and silver coins and bars change every so often. We still guarantee the lowest prices. Check out our prices which include free shipping and 1% commission or less by clicking on the Today’s Prices” tab or clicking here. Please bookmark. Also check out the Current Thoughts section written 5 days a week that have called the swings in gold and silver about perfect.
I was looking at the pricing of gold and silver on eBay today and was shocked at what people pay above the current spot price from eBay’s largest and exclusive dealer, APMEX. I have written about APMEX before in this article: Silver American Eagles $3.12 Over Spot – Cheaper than APMEX by 77 Cents an Ounce – UPDATED $2.35 Over Spot – Guaranteed Lowest Price. Why is it that investors in gold and silver don’t shop around for the lowest price? Why do they settle for paying the higher premiums on eBay or elsewhere?
eBay/APMEX Bullion Store Silver Pricing vs. Buy Gold and Silver Safely
Look at the following screen shots to see where the current price of silver was and what the gold one ounce American Eagles were selling for at the APMEX store on eBay at that time (click on chart for full view of pricing). The current prices for silver are on the left and the latest sales on eBay are on the right.
During that same time-frame of the last eBay sale of a Silver Eagle for $32.46 with spot price at $26.77, we at Buy Gold and Silver Safely were selling Silver Eagles for $2.35 over spot for orders of 500 or more or $29.12 plus the 1% commission bringing the total to $29.41 for each silver American Eagle, a full $3.05 less per coin than the APMEX Bullion store on eBay. For smaller orders we were selling the silver American Eagles at $31.85, plus the 1% commission for a total of $32.17, 29 cents a coin cheaper.
I checked the pricing for APMEX eBay Canadian Maple Leaf silver coins with the same spot price and they were selling for $30.22 and Buy Gold and Silver Safely has them for $28.57 each for orders of 500 or more plus the 1% commission or $28.86 each, a full $1.36 less than APMEX on eBay. And for smaller orders our price is $28.89 per coin plus 1% or $29.18, a full $1.04 less than the APMEX Bullion store on eBay.
eBay/APMEX Bullion Store Gold Pricing vs. Buy Gold and Silver Safely
Look at the following screen shots to see where the current price of gold was and what the gold one ounce American Eagles were selling for at the APMEX store on eBay at that time (click chart for full view of pricing).
During that same time-frame the last eBay sale was $1,679.4o with a spot price of 1,546.90 and we were selling Gold American Eagles for 3.5% over spot for orders of 10 or more or $54.14 over spot price $1,546.90 + $54.14 = $1,601.04 plus 1% commission of $16.01 for a total of $1,617.05, $62.35 less per coin than APMEX on eBay for delivered gold American Eagles. For smaller orders (9 or less) the price is $58.75 over spot for a total of $1,605.65, plus the 1% commission = $1,621.71, $57.69 less than APMEX eBay’s store.
We here at Buy Gold and Silver Safely guarantee the lowest prices on the bullion products we sell. Unlike APMEX, and most every other gold dealer in America, we do not believe in or sell numismatic, rate, collectible, semi-rate, European, slabbed or proof coins. We only sell bullion gold and silver coins as they provide you the most gold and silver for your money.
It pays to shop around!
You can reach a representative of Buy Gold and Silver Safely to discuss pricing by calling us at 888-604-6534
Doug Eberhardt is a 28 year financial services veteran and precious metals broker selling gold and silver at 1% over wholesale cost. Doug has written a book to help investors understand how gold and silver fit into a diversified portfolio, how to buy gold and silver, and what metals to buy. The book; “Buy Gold and Silver Safely” is available by clicking here Contact phone number for Buy Gold and Silver Safely is 888-604-6534
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