LCS Report

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benny_bomb_boom
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@ that kook N hammer

just saw this pop up on the perth site. 

2014 The Australian Kookaburra $30 1kg Bullion Kookaburra Coin 2014 unlimited 21,342
2014 The Australian Kookaburra $10 10oz Bullion Kookaburra Coin 2014 unlimited 14,806
2014 The Australian Kookaburra $1 1oz Bullion Kookaburra Coin 2014 500,000 388,830

for the first time since 2007 they have not sold out of their bullion mintage. max was 500k. i do love the '14 kook too. i think it becomes a better play long term, hold out hope that the PM decides not to pump more of them out. 

love spending some QT@LCS. that just means you are on a good one. me too. no surf in socal so my last weekend of vacation will include an LCS drop. looking for something shiny. a frac gold lib in pf70 would not suck to have. 14 peace 15 bring it.

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benny_bomb_boom
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look who i just ran into at the coin shop

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Hammer
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It is so so nice when

It is so so nice when something gets delivered to your door that you had absolutely and completely forgotten about having ordered. More Pandas, Armenian Noah's, Britannias and Mexican Libs.......it's like having a Xmas day all over again :).

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SilveryBlue
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Local auction site doesn't have any 1 oz gold

some 10ths & halves. Very little silver - max 1kg bar (1) and some 10 oz. Single coins at high premiums

Hope it is just that everyone is still on holiday indecision

Hammer
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Lovely, purdy little 2015

Lovely, purdy little 2015 Britannias have a new home :)

This is the last year for the fourth portrait of The Queen, so happy to have from a historical perspective and also with a new background design which I find quite nice when comparedto the previous years (which I also like btw). Plenty of stock where I bought this time and I'm on an island miles away from source.

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"I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008
WTF ! Now you tell us !!!

crylandjr
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New pawn shop in central Arkansas

Stopped in, had about twenty ASE's. Quoted me 30% over spot. Did not buy. Was a nice old man, but not in a hurry to sell. 

I rarely pass a pawn shop, must be 25 nearby. I like to know what tools, guitars, metal ect. is available, just in case. 

Wizdum
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North east jersey

~10 people
~6 customers
1 seller/5 buyers

J.F. Kennedy Halfs (year of mint:1964) were $3 per ounce premium.

 

DeaconBenjamin
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E Texas

Literally a handful of dimes at $14x.  No quarters or halves seen.

2 rolls ASEs at $21 each.   Generic rounds and 10 oz Sunshine bars for $2.5 over spot. 

Hammer
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A golden ram, a silver great

A golden ram, a silver great white and some phils. Plenty around.

 

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"I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008
WTF ! Now you tell us !!!

AgEngineer
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LCS update

Proprietor was all smiles today. Gentleman in front of me bought the last SAEs at $22 each. Bars and round at $20.50 per ounce. Fractional Au at 10% premium while whole ounce Maples at spot + 5%. Platinum was even available at 8% over and it is usually rarer than hen's teeth at this LCS. Seems to be more movement to make the owner happy.  Spot price is up and premiums are not. Much different than a few short months ago. 

Boswell
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"Certified" Mail!???

Waste of money!

I've been trying different methods of sending payments, scratch this!

5 days from L.A.,CA to ElPaso? 5 days from ElPaso to Dallas? 8 days sitting in a bin in Dallas!??? I could WALK faster!

Service Type: Certified Mail™

Shipment Activity    Location    Date & Time
--------------------------------------------------------------------------------
Delivered                            DALLAS, TX 75266    January 25, 2015 8:56 am
Available for Pickup         DALLAS, TX 75266    January 25, 2015 8:42 am
Arrived at Hub                   DALLAS, TX 75260    January 25, 2015 8:24 am
Departed USPS Facility    DALLAS, TX 75260    January 18, 2015 5:55 am
Arrived at USPS Facility    DALLAS, TX 75260    January 17, 2015 11:16 am
Departed USPS Facility    EL PASO, TX 79910    January 12, 2015 11:05 am
Arrived at USPS Facility    EL PASO, TX 79910    January 11, 2015 6:22 pm
Acceptance (SSK)    Anytown, CA 914XX    January 6, 2015 3:17 am

Osiris
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LCS San Francisco Bay Area

My LCS seems to have a good amount of stock in silver but not too much gold. in the last few weeks I went to buy some AGEs and they only had small fractional tenth of an ounce oandquarters and also some European fractional gold. they had no full amount AGEs and the fractional European was guilders. no Swiss Miss or 20 francs. They seem to always have some 90 percent, I bought $35 face at 14 times. that seems to be the best deal I can get. the online bullion sellers are definitely beating out my local LCS. LCS wants 2 dollars over spot for generic rounds and $3 over spot for ASEs.

older gentleman came in when I was there and sold about 20 Morgan Dollars looked XF he was trying to get 19 for them but they're only giving him 17 bucks. They seem to have a good turnover but not that much inventory at least not in the case.

Think 90% at about 7 percent over spot is a good deal? Seems like the big online dealers on the internet won't offer that anywhere close to that's more like 12-13 percent over spot.

Osiris

Wizdum
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my lcs

has anything you can fancy...
1000 oz doorstops just laying on the floor..
paper shopping bags full of silver knicknacks....
90%.. How much you want? Which coin type?
gold? choose from size and or country of Origin...

From what I see at my lcs.. there is more available than needed...

I'm thinking another major pullack....

Then..Shopping time

DayStar
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No 90%

The proprietor at my LCS says he can't get 90%

DayStar

Boswell
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JM Bullion

Just thought I'd give credit to them...

Both of my mailing disasters happened with them. Their customer service was gracious and patient. They didn't ding me with any market loss or other charges. Even offered to re-instate my order if I sent another payment! (didn't take them up on it though, price dropped! ;-)

DeaconBenjamin
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LCS

Heard them say they are moving from numismatics and guns to nearly completely bullion (exception VAM silver dollars).  Not much gold showing.   Limited silver dollars selection.

TomMack
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LCS

i went to the coin shop today.  they had PLENTY of silver:  bullion, ASE, and 90%.  i got some unc mixed date washington quarters $14.40/face dollar  ~20.15/999 ounce equivalent.  they called spot silver 17.35.

The last tightness i saw was in the summer of 2012.

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DeaconBenjamin
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Repeat visit

ASEs spot + $5.50!  Other sovereign silver ounces +$2.50 (but sold out); generic + $2.50 (limited supply).  Most supply that has been ordered is already promised out.

Wizdum
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so. 1 Month past & down $2

Dropping by the LCS tomorrow to have a look see
Will report back

waxybilldupp
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Made a pilgrimage to the LCS ...

Local Coin Show yesterday.  About 15 dealers.  My favorite dealer had plenty of silver in many different sizes and styles.  3 rolls of walker halves followed me home for a wee bit over $400.  ASEs generally $21-$22 per.  No deals there.  Seems like no matter the spot price, they just never go below $20.  Best price was for generic 1 oz. rounds at $19.  Hardly a bargain.  

I was looking for gold, however, but there really was none to be had anywhere in the room.  A few 1/20 ouncers and a couple of 1/10th ounce.  Favorite dealer, who focuses on bullion, but gets other interesting stuff from time to time, complained that at current gold price he couldn't shake any loose.  Them that has it is keepin' it.  Pre 1933 U.S. gold?  Forget it.  He can't get near anything for a reasonable price.  Has standing orders for quantity.

One other dealer had a British sovereign and a 1/4 oz. Gold Eagle for $45 over spot (each).  Seemed spendy, especially for  sovereign, so I went without.  Not a very productive outing.  Rather disappointing.

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