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Apmex question

Discussion in 'PM Dealer Feedback' started by Goldteam, Oct 5, 2014.



  1. Goldteam

    Goldteam Seeker Seeker

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    The silver/gold ratio is about 70:1 right now.

    If I sold some gold eagles to them and traded them for silver, can someone tell me how close to that ratio would I actually get? I'm looking at swapping for some silver eagles or silver maple leafs.

    Would I even get 60 to 1 in the swap?

    thanks for any info!
     
    Last edited: Oct 5, 2014
  2. Annie

    Annie Silver Member Silver Miner

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    My guess is 80:1 but I'd just call them in the morning.
     
  3. TomD

    TomD It blowed up, y'all Platinum Bling

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    They don't swap. What they do is two separate retail transactions, buy at their posted price and sell at their posted price.
     
  4. Goldteam

    Goldteam Seeker Seeker

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    That is what I thought. Meaning I'd probably be lucky to get 60 to 1 when it's actually 70 to 1.....correct?
     
  5. southfork

    southfork Mother Lode Found Mother Lode

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    APMEX will buy your:

    2014 1 oz Gold American Eagle BU
    Buy Price:*$1,220.60

    This is normally based on a 10k value transaction, they are paying over melt and you can buy silver at .59 over and up so your ratios should be close on it.
     
  6. Ahillock

    Ahillock A nobody Mother Lode

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    Yeah 60:1 looks like it.

    Sell GAE for $1220.60 and buy SAE for ~$20.41. 1220.60/20.41= 59.80
     
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  7. Ensoniq

    Ensoniq Midas Member Midas Member Site Supporter ++

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    I'd suggest putting new money into silver rather than paying the extra commission
     
  8. Goldteam

    Goldteam Seeker Seeker

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    thank you!
     

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