OT: Where do you go to buy gold bullion on SD

[Coronita]

Bump… Ok I took one of your suggestions.

I just bought one Canadian Maple Leaf from apmex on ebay for $1160….

http://www.ebay.com/itm/111867173400

I’ll see how it goes. It’s interesting that they only charge about $29 above spot prices and they are routinely updating it….

The problem is that I paid with paypal and my stupid paypal account had a bank account linked to it in addition to my credit card. I forgot to select which payment option, so it defaulted to my bank account which has no money. I tried to call paypal and change the transaction to fund from my credit card, but they said they couldn’t do it.

Paypal sucks…I had to call my bank to do a stop payment, and when that happens paypal will charge my credit card.

The stop payment will cost $30, but it’s better than getting an insufficient fund fee of $50….I think I also managed to convince the bank to waive the stop payment cost (courtesy 1 time every 2 months), and I finally figured out a way to remove the bank account from paypal so it only goes to my credit card….

Anyway, self induced problems. I’ll see how this goes. Maybe I’ll try to buy one coin every one-two months (not all from ebay)….

[milkspot]

I see that you caught one of apmex’s “SPECIAL PRICE!” deal through ebay. They just had the special pricing for the American gold eagle not long before that. In my time of following this, the special pricing generally rotates between 4 bullions (American eagle, Canadian maple leaf, Austrian Philharmonic, English Britannia). I saw Chinese gold panda on special pricing only once.

If you plan to add a coin here and there, it may be worth your time to sign up for ebay’s ebucks program. This is where you get a 2% rebate toward future ebay purchases. Bullions are exempt from this. However, there can be an exception depending on how they are listed. This typically happens with the Philharmonics and Britannias. For example,

http://www.ebay.com/itm/2016-1-oz-Gold-Austria-Philharmonic-Coin-Brilliant-Uncirculated-SKU-95202-/121841185635?hash=item1c5e4cf363:g:3o8AAOSw~otWcDJh

is listed under
Coins & Paper Money>Coins: World>Europe>Austria

So it is eligible for a 2% rebate. On the other hand,

http://www.ebay.com/itm/2016-Austria-1-oz-Gold-Philharmonic-BU-SKU-93719-/141848279606?hash=item2106d0fa36:g:easAAOSwcBhWZ2fB

is the same Philharmonic but listed under
Coins & Paper Money>Bullion>Gold>Coins

Because there is “Bullion” in the listing path, it is not eligible for a 2% rebate.

In order to see if an item is eligible for ebucks you must be log in into ebay and have signed up for ebucks (that is what someone has told me).

From time to time, I get lucky and apmex would have a special pricing on a Philharmonic or Britannia that has been listed on ebay not under a “Bullion” category. Then I would get the 2% ebucks rebate. This is a good deal but it can get better.

At some point, I became a VIP member. As a VIP member, I get a coupon for anywhere between 3x to 5x ebucks (5x means 10% rebate capped to $100) about every 3 weeks on average. A few times a year, the stars align. A Philharmonic/Britannia not listed under “Bullion” category would be at an apmex special pricing at the same time I get a 5x ebucks coupon — nice!

When you buy metal below melt value, it probably means someone made very little or perhaps even lost some money. Someone in a precious metals forum stated that ebay guarantees that bullion dealers with an ebay storefront do not lose money. Whatever loss incurred by vendor becomes ebay’s marketing expense to improve sales. That’s the theory.

Someone else mentioned provident and jmbullion. I have purchased coins from them as well. However, I find that for the 4 bullions I mentioed above, apmex special pricing on ebay is hard to beat.

Good luck, I hope and think that your transaction will go well.

[gzz]

Thanks for the tip, I signed up for ebay bucks now.

[Coronita]

I wish I bought more of the maple leaf last week, looks like everything is selling for almost $100/ounce more….

There was a american eagle selling for $1219 from apmex but it’s gone now. drat.

[Coronita]

BTW: guys. I’m thinking that I’ll probably make this coin buy thing regularly…Are you guys buying the fisch, as was suggested earlier?

https://www.thefisch.com/

It’s kind of expensive around $300 if you get the complete package…

Then again, it might not be a bad idea…

[gzz]

If you are that worried buy directly from an official government mint distributors, or even the US Mint directly.

These will not get you rock bottom prices, but having everything in the original mint packaging, your receipt, etc will add value if you ever sell them.

[moneymaker]

[quote=flu]BTW: guys. I’m thinking that I’ll probably make this coin buy thing regularly…Are you guys buying the fisch, as was suggested earlier?

https://www.thefisch.com/

It’s kind of expensive around $300 if you get the complete package…

Then again, it might not be a bad idea…[/quote]

$169 for a piece of plastic, no thank you!

[mixxalot]

Is there a way to determine a real gold or silver coin from a fake when buying from a coin store in San Diego like San Diego Coin and Vault or BlueVault? I did not like the wait and check only policy at these places. If I pay 10K to buy gold, I want to take possession that time of purchase!

[Coronita]

[quote=mixxalot]Is there a way to determine a real gold or silver coin from a fake when buying from a coin store in San Diego like San Diego Coin and Vault or BlueVault? I did not like the wait and check only policy at these places. If I pay 10K to buy gold, I want to take possession that time of purchase![/quote]

That’s what I was thinking if getting that plastic tool. Yes it’s overpriced, but buying from the mint is paying like $200/ounce above spot prices. So if you buy more than 2 ounces elsewhere, you are even.

[OwnerOfCalifornia]

[quote=mixxalot]Is there a way to determine a real gold or silver coin from a fake when buying from a coin store in San Diego like San Diego Coin and Vault or BlueVault? I did not like the wait and check only policy at these places. If I pay 10K to buy gold, I want to take possession that time of purchase![/quote]

When I’ve been to BlueVault, I paid cash for stock on hand. But I only buy a few coins a year (at least $1500 at a time). Never tried to buy $10K worth! Their website is pretty accurate about their stock, and you can call them ofc. They’ll use the Fisch in front of you.

I don’t know how concerned we should be about fakes. I’ve only gotten real stuff from trusted retailers. Bullion is such a tiny fringe industry I don’t think counterfeiters bother too much with bullion. I’m more concerned about fake $100 bills.

[milkspot]

If you think gold is still on the way up …
Apmex has “SPECIAL PRICE!” on Britannia @ $1274 via Ebay as I am typing this with 2% ebay bucks of $25.50. Not bad considering other online dealers like jmbullion is selling them at $1287 for ONE coin cash/wire price.

The Britannias have above average premiums but I like variety as opposed to always getting the bullion coin with the lowest premium.

[Coronita]

So I’m noticing that apmex routinely alternatives between the mapl leaf, the american eagle, and the american buffalo in offering a special pricing” almost every week. The special offer is usually $30-44 above spot prices., and the price updates roughly every 10 minutes on ebay.

Just a dumb question. How are places like apmex getting their gold coins such that it’s immuned to the price fluctuations of the current market in order to make money?

Since most of these coins are 2016 ‘new, it seems like they are getting it directly from the US mint and the CAN mint. But how can they do this? Just curious.

There’s like a $100 difference between those that bought last week and those that are buying today.

[mixxalot]

10k is not a lot of cash as it buys only a few gold coins.

[Coronita]

I think this is available and gives ebay bucks back.

http://www.ebay.com/itm/121841185635

Currently $1247

[Coronita]

Hey, quick question… Why do people prefer coins versus bars?

It seems like the markup over spot price for gold bars is tiny compared to coins. For example, this one is only $8 over spot prices…

http://www.ebay.com/itm/121826620158

Are bars generally less popular?

[Author]

Posts