Apmex Pricing OTT ??

[Pete]

I regularly monitor Apmex pricing as a benchmark before buying silver coins and was surprised to see the following -

1996 1 oz Silver American Eagle BU

Any Quantity

$99.99

$104.16

"Holy watch your eagles Batman"  . . .  just ordered some from Germany tonight for £21 each.

Any idea why they are asking such a high price ?

[Pampfan]

Apparently in the USA they are considered the rarest of all years - only 3.6 million minted.  Funny part is if you sell them back to Apmex I think they pay you the bullion value. 

I had rolls of them back in the day. 

http://silvereagleguide.com/mintages/

[ThoseBackPages]

To be fair, it is a 21 year old coin.   

As a new collector personally, i am struggling to find a price point i am comfortable with when picking up prior year mintages 

[SilverTanner]

7 hours ago, ThoseBackPages said:

To be fair, it is a 21 year old coin.   

As a new collector personally, i am struggling to find a price point i am comfortable with when picking up prior year mintages 

I agree, this is why I had to stop collecting modern issues as there wasn't a definite finish date and I would be so tempted to collect from the beginning which would be very expensive. The only one I have been tempted with is the Queen's Beasts but the premiums were too high so gave it a miss at the time, probably a mistake. I think I have some 1996 eagles though! At least with the older coins they are not making any more

[ThoseBackPages]

as a complete newbie, i was under the impression that apmex is great, but not the cheapest option out there

[ThoseBackPages]

19 minutes ago, shortstack68 said:

Normally Apmex is quite a way under in the Gold but they now seem more expensive than buying within the EU

hot damn!  i am sorry to hear that 

[Pete]

I have been checking many coins on Apmex and have to say I am seeing some crazy high prices.

I wonder if they price according to stock and a demand index without doing much research as many of their higher priced coins can be bought much cheaper elsewhere.