Price for American Silver Eagles - why bid ask so wide?

Discussion in 'Economics' started by Ayn Rand, Sep 21, 2020.

  1. I have seen an increase in the number of people who trade silver during this pandemic.
     
    #41     Jan 28, 2021
  2. vanzandt

    vanzandt

    I have a question. On Bloomberg TV on the weekends sometimes they have that 1 hour infomercial/show where the guy sells different gold and silver coins. The other day he was selling double-eagle, 1908 or something, gold 1/2 dollars in pristine condition. He uses some scale to grade their condition, but whatever on that.

    He was saying he only had a 100 of these things, and each one was almost an ounce of pure gold. I think they were $4K. But what I want to know, assume he sells out in an hour, that's 400K. I would think he's got at least $1500 in each of these coins. Assuming they're real. I'm sure they are.
    So he makes $250K minus production costs.

    A lot of typing there to get to my question... but how much does Bloomberg charge for one of those one hour slots on a Saturday afternoon?
     
    #42     Jan 28, 2021