Welcome Guest

Local coin store in Independence, MO charges $4 over spot fo

Posted on: September 25, 2011 at 22:28:12 CT

Beakerbasher KC

Posts:

8115

Member For:

11.16 yrs

Level:

User

M.O.B. Votes:

r silver coins and $65 over for gold! i.e. if spot gold price is 1800 it will cost you 1865 to buy the gold eagle coin and they'll buy it back at spot price so gold will need to rise $65 just to break even! I know there's always a profit spread for the dealers but this seems excessive--anyone know any reputable coin shops in the KC area that don't charge such excessive premiums on gold/silver coins?
thanks

Please explain why this message is being reported.

REPLY

MESSAGE THREAD

Local coin store in Independence, MO charges $4 over spot fo - Beakerbasher KC - 9/25 22:28:12

is there a list of local coin stores for around here? - GhostOfQuantrill MU - 12/15 23:58:33

Meirrottos in Gladstone is where i used to go - Uncle Fester KC - 11/4 10:41:59

Buy gld - meatiger MU - 9/26 21:55:17

Or, buy GTU.(nm) - GA Tiger MU - 9/29 14:19:26

yeah but have to pay 28% collectibles tax on LTCG, + commiss - Beakerbasher KC - 9/26 22:01:41

kitco? - GhostOfQuantrill SEC - 11/11 08:08:34

yes..it does sound crazy - meatiger MU - 9/27 09:50:36

you're a little off--LTCG rate on GLD etf is 28%--it is taxe - Beakerbasher KC - 9/27 22:52:35

RE: you're a little off--LTCG rate on GLD etf is 28%--it is taxe - meatiger MU - 9/28 00:58:35

good points--I just hate losing 1/3 of any profit in GLD - Beakerbasher KC - 10/2 22:03:30

ebay - rock8888 MU - 9/26 16:47:30

too much fraud esp with precious metals/shipping, etc - Beakerbasher KC - 9/26 21:46:41

RE: too much fraud esp with precious metals/shipping, etc - BooyahKU KU - 10/11 12:32:53