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  • » Tracking the 2012 1oz Silver Dragon Secondary Market

#1 2011-09-01 19:30:55

Apollo
Member
From: Australia
Registered: 2010-09-05
Posts: 572
Trades :   40 

Tracking the 2012 1oz Silver Dragon Secondary Market

With three (known) sales on the secondary market already for the 2012 1oz silver dragon, i thought it would be interesting to track a few sales as they come up to guage the numismatic premium that these coins are attracting.

Lets start off with:
1. SpannerMonkey's first sale for $71 @ the PM dragon release meet.
2. Elemental's Auction = $62
3. SpannerMonkey's 3 coin sale = $100 each

There are a few coins up on ebay aus for $70 so will be watching how these go...


"Just about anything you buy, rather than paper, is better. You're bound to come out ahead, in the long pull. If you don't like gold, use silver, or diamonds or copper, but something. Any damn fool can run a printing press." - Nelson Bunker Hunt

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#2 2011-09-01 19:55:02

Graeme
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From: In front of PC
Registered: 2011-01-27
Posts: 741
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Re: Tracking the 2012 1oz Silver Dragon Secondary Market

The $71 sale was classic. smile I was watching the Mint staff for a reaction but I guess they were stunned into silence. tongue

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#3 2011-09-01 19:58:28

Apollo
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From: Australia
Registered: 2010-09-05
Posts: 572
Trades :   40 

Re: Tracking the 2012 1oz Silver Dragon Secondary Market

Hahah! Probably thinking... "told you we should have bumped the price up"

Bron was on the stairs and only comment was that it would have to be the very first secondary market sale of the 1oz silver dragon...


"Just about anything you buy, rather than paper, is better. You're bound to come out ahead, in the long pull. If you don't like gold, use silver, or diamonds or copper, but something. Any damn fool can run a printing press." - Nelson Bunker Hunt

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#4 2011-09-01 20:50:39

goldpelican
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From: Aust/USA
Registered: 2009-06-29
Posts: 17,984
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Re: Tracking the 2012 1oz Silver Dragon Secondary Market

big_smile

Well I had to get ONE silver Dragon for myself that I could keep...


My posts on Silver Stackers are either personal opinion or acting in the capacity of site administrator. Opinions offered do not constitute professional or financial advice.

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#5 2011-09-01 21:38:17

white-metal-man
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From: australia
Registered: 2010-06-10
Posts: 812
Trades :   

Re: Tracking the 2012 1oz Silver Dragon Secondary Market

Apollo wrote:

Hahah! Probably thinking... "told you we should have bumped the price up"

Bron was on the stairs and only comment was that it would have to be the very first secondary market sale of the 1oz silver dragon...


...............or alternatively saying........................"damn - we knew we should have investing in our own silver dragons"!!!!!!!

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#6 2011-09-02 04:26:53

ninteno
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From: Germany
Registered: 2011-03-25
Posts: 650
Trades :   23 

Re: Tracking the 2012 1oz Silver Dragon Secondary Market

I´ll give you an idea from german maket.

Dealers have to pay 55€ + 7t% tax to get them on secondary market. ( some Dealsers offer 45-50€ buying them
from private )

Prices for more than one or two pcs ( special auctions from some Dealers ) are 68€ ... 75€

Special auctions for one pcs 40-50€.


Comex is a place where banks trade gold and silver they don't have to banks who buy gold and silver they don't want

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#7 2011-09-02 20:32:01

Lunartic
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From: Melbourne
Registered: 2011-03-08
Posts: 645
Trades :   72 

Re: Tracking the 2012 1oz Silver Dragon Secondary Market

I'm confused how SM has sold another 10x1oz @ $100 and another two sellers, in the same subsection, can not get theirs sold for $80 & $70?

Elemental has got 8 for $80 with no bites


We buy things we don't need with money we don't have to impress people we don't like

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#8 2011-09-02 20:34:38

alexisio
Silver Stacker
From: (Wide Bay) Fraser Coast Qld
Registered: 2009-11-13
Posts: 2,946
Trades :   102 

Re: Tracking the 2012 1oz Silver Dragon Secondary Market

Favoritism or trying to push market up?

Last edited by alexisio (2011-09-02 20:44:29)

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#9 2011-09-02 20:38:21

Elemental
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From: WA
Registered: 2011-05-21
Posts: 1,070
Trades :   66 

Re: Tracking the 2012 1oz Silver Dragon Secondary Market

Lunartic wrote:

I'm confused how SM has sold another 10x1oz @ $100 and another two sellers, in the same subsection, can not get theirs sold for $80 & $70?

Elemental has got 8 for $80 with no bites

Including shipping.

He must have a better marketing department smile

I did find it strange when I saw it this morning. Then again, he might have taken an offer at 70 or 80??


If you want to be a Millionaire, start with a billion dollars and launch a new airline - Richard Branson

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#10 2011-09-02 20:39:02

renovator
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From: QLD
Registered: 2011-01-20
Posts: 7,529
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Re: Tracking the 2012 1oz Silver Dragon Secondary Market

Lunartic wrote:

I'm confused how SM has sold another 10x1oz @ $100 and another two sellers, in the same subsection, can not get theirs sold for $80 & $70?

Elemental has got 8 for $80 with no bites

Is it true or part of the hype ? No offense spanner but i dont see why others cant sell theirs cheaper it defies logic . I thought the same as you then came to my own conclusion


i used to be disgusted now im just amused

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#11 2011-09-02 22:03:55

Arsenal
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From: Siderney
Registered: 2011-03-18
Posts: 352
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Re: Tracking the 2012 1oz Silver Dragon Secondary Market

Lunartic wrote:

I'm confused how SM has sold another 10x1oz @ $100 and another two sellers, in the same subsection, can not get theirs sold for $80 & $70?

Elemental has got 8 for $80 with no bites


Depends on who's logged on at certains time along with the fiat they have.

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#12 2011-09-02 22:11:15

spannermonkey
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From: Vic or pissed
Registered: 2010-06-04
Posts: 14,645
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Re: Tracking the 2012 1oz Silver Dragon Secondary Market

Arsenal wrote:
Lunartic wrote:

I'm confused how SM has sold another 10x1oz @ $100 and another two sellers, in the same subsection, can not get theirs sold for $80 & $70?

Elemental has got 8 for $80 with no bites


Depends on who's logged on at certains time along with the fiat they have.

I guess I'm just that good smiley-think005.gif

I've read the other sales threads,
People don't like closed tenders ,I just put a firm price ,simple deal & that's it
the more complicated you make the deal ,the harder it is to sell
KISS smile


EXIT STAGE LEFT

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#13 2011-09-02 22:13:28

fishball
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From: Shin Sekai Yori
Registered: 2011-04-11
Posts: 6,760
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Re: Tracking the 2012 1oz Silver Dragon Secondary Market

spannermonkey offers something others don't, very soft 3ply toilet paper.

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#14 2011-09-02 23:10:32

boston
Silver Stacker
From: Australia
Registered: 2009-07-06
Posts: 3,995

Re: Tracking the 2012 1oz Silver Dragon Secondary Market

spannermonkey wrote:
Arsenal wrote:
Lunartic wrote:

I'm confused how SM has sold another 10x1oz @ $100 and another two sellers, in the same subsection, can not get theirs sold for $80 & $70?

Elemental has got 8 for $80 with no bites


Depends on who's logged on at certains time along with the fiat they have.

I guess I'm just that good http://i28.photobucket.com/albums/c220/ … ink005.gif

I've read the other sales threads,
People don't like closed tenders ,I just put a firm price ,simple deal & that's it
the more complicated you make the deal ,the harder it is to sell
KISS smile

So true. I refuse to bid in a tender/auction sale. Give me a firm asking price and I am a happy little chappy.


Light travels faster than sound. This is why some people appear bright, until you hear them speak...

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#15 2011-09-02 23:28:29

Elemental
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From: WA
Registered: 2011-05-21
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Re: Tracking the 2012 1oz Silver Dragon Secondary Market

I understand the above and will keep it in mind for future sales. I really don't know why you wouldn't put in a bid at $75 on an open sale. You've got nothing to loose and $250 to gain.


If you want to be a Millionaire, start with a billion dollars and launch a new airline - Richard Branson

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#16 2011-09-03 00:30:49

boston
Silver Stacker
From: Australia
Registered: 2009-07-06
Posts: 3,995

Re: Tracking the 2012 1oz Silver Dragon Secondary Market

Elemental wrote:

I understand the above and will keep it in mind for future sales. I really don't know why you wouldn't put in a bid at $75 on an open sale. You've got nothing to loose and $250 to gain.

One of the things I garnered from Renee Rivkin, was never bid in a tender. Always have the vendor list a price - then go from there.

For me, any 1oz AG dragon for less than $100 is a bargain. Unfortunately, I am not in the market for dragons, and just for the record, I do not own any. It's just not my thing. Good luck with your sale. smile


Light travels faster than sound. This is why some people appear bright, until you hear them speak...

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#17 2011-09-03 03:40:12

Apollo
Member
From: Australia
Registered: 2010-09-05
Posts: 572
Trades :   40 

Re: Tracking the 2012 1oz Silver Dragon Secondary Market

boston wrote:

One of the things I garnered from Renee Rivkin, was never bid in a tender. Always have the vendor list a price - then go from there.

+1
Personally i think this is the best way to do business, the best deal is the one where everyone is happy with the outcome and if the seller asks a good price then everyone gets what they want, if not it's haggle time or no deal.


"Just about anything you buy, rather than paper, is better. You're bound to come out ahead, in the long pull. If you don't like gold, use silver, or diamonds or copper, but something. Any damn fool can run a printing press." - Nelson Bunker Hunt

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#18 2011-09-04 07:03:33

rbaggio
Silver Stacker
From: Australia
Registered: 2010-08-05
Posts: 4,485

Re: Tracking the 2012 1oz Silver Dragon Secondary Market

Biggrin: $80/ea (roll of 20 for $1600)
http://forums.silverstackers.com/topic- … -1600.html

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#19 2011-09-04 07:41:49

Apollo
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From: Australia
Registered: 2010-09-05
Posts: 572
Trades :   40 

Re: Tracking the 2012 1oz Silver Dragon Secondary Market

With 25 coins sold for a total of $2033, that's an average cost per oz of $81.32 so far...

Euro coin sales are a little harder to gauge, dealer buy prices seem to range from around $60-75 and sometimes as high as $100 per oz.

NOTE Ninteno, let me know if I interpreted this incorrectly.


"Just about anything you buy, rather than paper, is better. You're bound to come out ahead, in the long pull. If you don't like gold, use silver, or diamonds or copper, but something. Any damn fool can run a printing press." - Nelson Bunker Hunt

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#20 2011-09-07 11:37:23

Matthew 26:14
Banned
From: Victoria
Registered: 2010-09-03
Posts: 3,426
Trades :   66 

Re: Tracking the 2012 1oz Silver Dragon Secondary Market

$USD 150 top bid for a 2oz with 2 days to go..... ugh..... ugly ugly   170691384629

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#21 2011-09-07 11:39:43

Matthew 26:14
Banned
From: Victoria
Registered: 2010-09-03
Posts: 3,426
Trades :   66 

Re: Tracking the 2012 1oz Silver Dragon Secondary Market

$340 for a series 1, 1 oz proof with days to go 260848616770 interesting to see where it finishes up.

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#22 2011-09-07 11:41:40

Matthew 26:14
Banned
From: Victoria
Registered: 2010-09-03
Posts: 3,426
Trades :   66 

Re: Tracking the 2012 1oz Silver Dragon Secondary Market

$2,750 for a series 1 3-coin set sound a bargain? Choking on my coffee laughing at that one 260847662826

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#23 2011-09-07 19:12:47

Dirtbikepilot
Member
From: Ubiquitous
Registered: 2011-08-23
Posts: 1,239
Trades :   19 
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Re: Tracking the 2012 1oz Silver Dragon Secondary Market

1oz silver Dragon on ebay, bidding currently $355.  5 days to go.

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#24 2011-09-07 19:34:08

goldpelican
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From: Aust/USA
Registered: 2009-06-29
Posts: 17,984
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Re: Tracking the 2012 1oz Silver Dragon Secondary Market

Proof or bullion?


My posts on Silver Stackers are either personal opinion or acting in the capacity of site administrator. Opinions offered do not constitute professional or financial advice.

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#25 2011-09-07 19:36:57

Trichter
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From: Australia
Registered: 2010-12-15
Posts: 943
Trades :   75 

Re: Tracking the 2012 1oz Silver Dragon Secondary Market

Apollo wrote:

With 25 coins sold for a total of $2033, that's an average cost per oz of $81.32 so far...

Euro coin sales are a little harder to gauge, dealer buy prices seem to range from around $60-75 and sometimes as high as $100 per oz.

NOTE Ninteno, let me know if I interpreted this incorrectly.

On ebay they are going for around 65-70 EUR - so around the $90-100 mark.

Silber Corner has them for 69.90 EUR.

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