Where can I find silver eagles

[JamesF]

Trying to pick up two monster boxes of eagles. I tried apmex, kitco, and monex. Does anyone know of a dealer, with reasonable markup, which currently has stock?

Much appreciated,

James

[Kelly]

I recieved an e-mail up date from Hommel last night. He's saying these folks still have silver. It looks like mighty slim pickin's though. Good Luck.

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As of March 20th, FideliTrade in Wilmington, DE has over 1,000 bags of 90% per--1965 US silver coinage available for immediate delivery. Their contact information is (800) 223-1080 and www.fidelitrade.com.
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Miles Franklin has 10,000 oz. of silver in stock, in various forms.
http://www.milesfranklin.com
1001 Twelve Oaks Center Drive Suite #1028
Wayzata, MN 55391
Contact: Andy Schectman
Phone: 1-800-822-8080
They believe their exclusive wholesaler is one of the top 5-6 wholesalers in size in N. America.
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http://www.diverseequities.com/
(In Calgary, Canada)
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Have plenty of 90% in stock at my local brinks depot in Dayton.
Don Herres
Dollartowne
Bellbrook, OH 45305
937-848-6231
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http://www.gaithersburgcoin.com/
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a lot of silver left
Olde Saratoga Coin
1593 Central Ave
Albany, NY 12205
(518) 452-0963
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Our small local coin shop says he has some silver available:
Seymour Coins
203 W. Alfred St.
Tavares Florida 32778
C-352-308-9942
352-343-8002

[Daveman]

I bought 600 silver eagles from Monex on the 17th. Suppose to go pick up on next Friday. You sure they're out?

[Kelly]

Dave, I am on Jason Hommel's standard e-mail list, and that's what he sent me and everybody else (last night as I recall.) If you bought your eagles from Monex, then maybe Hommel seriously needs to revise his list.

Or on the otherhand, maybe you were buying eagles in sufficient enough quantity that Monex decided they had stock for you, while the folks just looking to buy a few couldn't get any.

Hard to say these days because whose got the silver and who doesn't may just depend on how much you want to buy.

Weird free market, huh?

[Daveman]

Or maybe, Kelly, that I just bought at the wrong time (high) that they were more than happy to deliver my eagles.

[Daveman]

Not to hijack this thread, but I've heard on numerous occasions (on this forum) that IT'S BETTER TO BUY BULLIONS THAN EAGELS.

Something about avoiding premiums. I know that Eagles are more expensive than the 50 or 100 oz bullions, but I thought that the advantages of Eagles (which somewhat compensates for their premium prices) is that because of their small vaule (1 oz), they're easier to unload or something??

[SilverFreak]

Kitco Has Eagles. I just bought some last night.

[Kelly]

You can also get 1 oz. bullion bars (a lot cheaper than eagles) as well as 10 oz. bullion bars. I bought some from APMEX, but it was last year. The small sizes are good. Let's say push comes to shove and you need to cash some silver in quickly. You'd be surprised at the number of Jewelry stores that will buy small quantities of silver bullion. They may not jump at the chance to buy a 50 oz. or 100 oz. bar, but a lot of them will buy the small stuff.

Those big bars generally have to be sent away to a buyer, so you've got to wait for your dough. You've also got to send it back through the mail and insure it. Plus you've got to trust the company you're sending the bigger bars to when you sell.

Small boullion bars are good.

[JesterJay]

Hope you get them. Jason Hommel thinks you might have trouble getting them.
I think we are all in store for some anxious times,
JesterJay


Kitco Has Eagles. I just bought some last night.

[SilverFreak]

Thanks JJ,

They better put out or I am going to loose it. I will keep you posted for sure. I also have alocal dealer I buy from alot. I pick up 15 more oz from him this Sat.

Has anyone here had issues with Kitco delivering?

Hope you get them. Jason Hommel thinks you might have trouble getting them.
I think we are all in store for some anxious times,
JesterJay

[cugir321]

www.sunshinesilver.com

They have them. I think they want about 22.20 for the 1 ounce (100) including shipping...it may have went down today.

Trying to pick up two monster boxes of eagles. I tried apmex, kitco, and monex. Does anyone know of a dealer, with reasonable markup, which currently has stock?

Much appreciated,

James

[JesterJay]

Anti-silver, That's how kitco seems sometimes.
Often their website is awash with bearish (anti-silver) articles and "contributions" by "reporters".
I think they are a bit manipulative myself. And around here that is THE dirty word!
JesterJay


Thanks JJ,

They better put out or I am going to loose it. I will keep you posted for sure. I also have alocal dealer I buy from alot. I pick up 15 more oz from him this Sat.

Has anyone here had issues with Kitco delivering?

[SilverFreak]

Yeah, True.

This is the first time ihave bought from them. We'll see how it goes. All I figure is that I can't argue wit h$20.82 CDN for eagles.

Anti-silver, That's how kitco seems sometimes.
Often their website is awash with bearish (anti-silver) articles and "contributions" by "reporters".
I think they are a bit manipulative myself. And around here that is THE dirty word!
JesterJay

[joboy]

I am new to all of this, but i thought the simple market truth is that scarcity will mean an increase pressure for silver which should cause prices to rally. The contrary however is the case. Are we being manipulated? Is this something like, "the more you look the less you see"? If all these dealers have silver eagles, why then is it scarce? I am getting the more confused. Can someone help?

[DaveK]

I am new to all of this, but i thought the simple market truth is that scarcity will mean an increase pressure for silver which should cause prices to rally. The contrary however is the case. Are we being manipulated? Is this something like, "the more you look the less you see"? If all these dealers have silver eagles, why then is it scarce? I am getting the more confused. Can someone help?

Here's my take on it, it's worth as much as you paid to get it.

Scarcity and demand are not uniform across the markets. As a convenience most dealers use the spot price from the big markets as their base price. This allows us to avoid having to dicker with him each time we go to buy, or to have to participate in an auction with other buyers each time.

If there is a surge in demand, as we saw recently, then the supply that most dealers maintain can be quickly depleted. This happens because the dealer chooses not to raise his price (much) above spot to take advantage of the increased demand. If the dealer wanted to he could structure his prices (for example) based on his current stock levels and anticipated replenishment and thereby increase his profit when local demand surges. However, since this would be somewhat off-putting to many of his buyers, who might then choose to go to another source, it isn't typical for a dealer to maintain an unusual pricing scheme. If demand for physical silver remains high for a long period we'll see depletion travel up the supply chain.

Why doesn't the spot price rise when the demand for physical silver is high? Different people trading for different reasons. My impression is that the vast majority of silver trading is for metal that sits in a vault somewhere, probably as 1000oz bars, while the big boys trade ownership of it by the ton. This would mean that while we use the spot price for practicality, we're really talking about two different markets each with their own distinct dynamics. If there is a market event that causes the market movers to unload a lot of silver the price might drop even while lots of us little guys are still buying.

If you go look at trading on e-bay you'll get a better idea of what the current price is for small quantities for delivery. It'll track spot closely, because normally anyone can go to Sunshine or NWT or any of the other big dealers and get a quote based on the spot price. But if the big dealers have long lead times (I'm still waiting on a 60oz NWT order I placed 20 days ago, and it will probably be at least 20 more days before they ship it), then people who want delivery ASAP will pay more.

As far as price manipulation goes, yeah, I'm sure there is some of that. I know a lot of people believe that is what that drop in silver prices over the last couple of weeks was. I don't know much about that, nor do I care all that much, all I can do is try to make the best decisions about when to buy my tiny quantities.

I can imagine that dealers who move a lot of physical sliver and who pay much closer attention to the market than I might smell price manipulation and then just claim a shortage during a price dip, then resume selling when the price comes back up. They might be inclined to do this particularly if they were already seeing very high demand, even at the higher prices (my 60oz order was 20.98 per oz, and I was happy to pay it). In this situation they really don't have much incentive to sell to people who are trying to buy during what the see as a very short-term dip, they've already got enough to do processing the higher-priced demand.

[wasthe33]

First time using them and no issues. They run about average of $1.80 over spot for eagles.

http://www.cmi-gold-silver.com/phoenix-arizona-gold-dealer.html