why are silver premiums so high 2022why are silver premiums so high 2022

What you find from these dealers is that the US mint only makes so many eagles. Dont buy on a raid day unless you absolutely love the idea of paying stupid high premiums. Dates: 17 Feb 2023 (Registration), 13 - 18 Mar 2023 (Camp Dates) Fees: Spend $50 to secure a Bootcamp ticket for $10. Your email address will not be published. Rollover Your IRA to Silver - LEARN MORE Gold and Silver - Why Every Prepper Must Own It Owning gold and silver as a Prepper can be the lifeblood of your survival. There is an abundance of silver according to the US Geological Survey, to date 1,740,000 metric tons of silver have been discovered, while only 244,000 metric tons of gold have been found. a $3 per coin premium amounts to twenty-one percent. Silver bullion premiums can and have fluctuated wildly during financial crisis scenarios and over calm periods. Create a free website or blog at WordPress.com. Edit: Im aware 1,000 oz bars are not going through your local coin shops I just wanted to show a point of sale before things go to the refineries to then be turned into finished products. With demand so high, you can go for awhile with keeping premiums high. I think theyll get to buy at <10% premiums once the suppressed spot prices and the actual real world market value equalize. The next least expensive offer is Liberty Coin at a 29.85% premium. And a short time later DBS Coins & MCM also began offering silver eagles in quanitity. that's a 255% premium. There are very few offers in quantity on Ebay and APMEX is now the lowest cost dealer at a premium of $12.45/48.20% per coin. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. UPDATE 3/21/22 @ 1:00 PM EST: The Physical Silver Premium continues to spike and has climbed over 50% it now stands at 57.83%. UPDATE 2/3/21 @ 8:20 PM EST: Finally a dealer (Liberty Coin) came through with offers of 20-coin Silver Eagle lots in quantities over 10. Briefly on 7/1/20 Liberty Coin had the lowest cost but now it is DBS again. At this price point, there is a lower than usual supply so I am being charged more. This is exactly the same story the retail guys have, dude. What are other options to drain the COMEX, so to speak? There are also silver exchange-traded funds that give broad exposure to silver companies and the metal itself, while more experienced traders may be interested in silver futures. By 1/19/21 (evening) it had moved back into the 19% range. All other standard dealers do this. Today's American Silver Eagle coins (1986-present) produced by the United States Mint are legal tender but consist . Reddit and its partners use cookies and similar technologies to provide you with a better experience. Let me translate. UPDATE 1/31/21 @ 7:00 PM EST: Now that the Spot marked is open things have calmed down a bit. Because this is the internet, of course someone called bullshit on me. However, premium changes vary by . He has also stated that silver production has gone down in recent years, meaning that contrary to popular belief, the metal is actually a rare commodity. I could not find any 20 coin tube for sale on Ebay from major dealers in any quantity at all. When price is low, youd think people would scoop this up. I also didnt mention how this supply could be going to making industrial finished silver supplies like shot, coils, or specialized parts that have nothing to do with coins. Stuntman, Arganto, dikefalos and 1 other. A newer dealer called Pacific Coin is offering mixed date Silver Eagles at $689.00/roll of 20 which is $8.90/coin. Nonetheless, well-known figure Keith Neumeyer, CEO of First Majestic Silver (TSX:FR,NYSE:AG), has frequently said he believes the white metal could climb even higher, reaching into the triple digits. That hedging in itself is potentially shorting on the COMEX and creating the downward price pressure they are trying to protect against. This situation has happened time and again but Bullion Exchanges will often come back in with quantity offers so I will update if/when it does. Mints paying 5x premium to skip the line at the refineries. That still sounds high, but it is not unreasonable if you look at it on a "per coin" basis. Current percentage premium is 44.63%. Which led to the latest series of days over 100% (from 8/19 through 8/23). Premiums for gold plans after subsidies are taken into account are expected to go down, while silver premiums after subsidies are accounted for "shouldn't be altered all that much" because the subsidy is adjusted with the cost of the benchmark plans, he said. UPDATE 8/31/20 @ 7:45 PM: Physical premium is at its lowest point since I started tracing its value during the start of the Corona Virus Pandemic scare. "And we will be dealing with the costs for many years to come.". In the past this would have been unheard of. Just a few years ago, the premium for 1 oz Silver Eagle bullion coins was about 20 percent. Gold coin premiums and silver coin premiums will have much more fluctuation, especially when you start to factor in collectability and rarity. Junk silver coins were (and still are) legal tender and minted for general circulation. UPDATE 11/1/20 @ 7:30 PM EST: Physical premium dipped below 20% and has remained there since. Nov 2022 07. difference between sin and cos wave Facebook; treatment plan ptsd example Twitter; dx7 factory patches for dexed Google+; Meanwhile, silver and other bullion products show themselves to be real assets. Dont forget to follow us @INN_Resource for real-time news updates! And when you look at the price they are selling for, you are still looking at a $31 an ounce, or about a 14% premium. But by 9:40 PM EST the premium had jumped back above 60%. Stay tuned. What a nightmare to go through it. On 8/24 it dipped back down to 71.84%. As I indicated in my last update, this dealer is different from most of the larger dealers because it does not automatically update its prices to reflect changes in Spot. The current premium on American Silver Eagles is at historic levels. A similar twenty-percent premium . Bullion Exchanges also had 9 lots of random date Eagles @ $680.44. Where the cartels would perhaps win before would be to choke . Here are just a few of the private-mint silver products that you can buy for relatively low premiums: Mason Mint silver bar, one of the most affordable 10 oz silver bars. These retail companies have a business to run. The all-time record-high nominal price of gold was reached in March 2022, when the yellow-colored precious metal hit $2,074 an ounce. Published: Dec 19, 2022. The premium now stands at 32.19%. italy vs argentina predictions why are silver premiums so high 2022. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage. And perhaps go Palladium and hit $100-$200 silver beyond that. Because the idea is that they only provide so much to retail from the mints so they cannot move the markets enough to affect underlying price. And they may have 10,000 available but 100,000 want them at $5 over. Lets look at dealers. . If the spot price of silver is $20 and the premium is $1.00, the dealer will charge $15.30 per ounce of silver; if the premium charged is $1.50 an ounce the dealer will charge $15.80. Also Liberty Coin came in with lower prices which lowered the premium later in the day. The result is that the premium now stands at 44.00%. DBS Coin: $710.86 $35.54/coin, Liberty Coin: $712.97 $35.64/coin and Bullion Exchanges: $714.52 $35.72/coin. Bullion Exchanges was the least expensive dealer (in quantity) beginning 6/19/20 until DBS (briefly) took the lead on 6/22/20. Mints and refiners set manufacturing charges based on the cost of labor and equipment, not on the spot price for the metal. INN - Investing News , Is Silver a Good Investment? After decreasing by almost 40% from highs in February 2022 and hitting a two-year low, the silver price has declined recently. Give me US$50 first and we'll see what happens after that. On 3/5/21 there were only two dealer offering in quantity but now there are three and some have multiple offers. "Last time we got near US$30, very close to it. The premium hike will put more than a dent in the newly . Currently AMPEX has come in as the lowest cost dealer and the percentage premium has declined to 36.65%. What you and others can do if you are doxxed your rights online and with the law, Kinesis metals holdings as part of a LAYERED approach a USE CASE for Kinesis Monetary System, Follow Renaissancemen.org on WordPress.com, That the price point will then unlock supply, bringing this supply to market, That the refining capability exists to then process raw materials into finished products. Join us today for FREE! First, lets dive a little deeper into Neumeyers US$100 prediction. He pointed out that subtracting net investments in silver exchange-traded products leaves the market in a deficit, and also questioned the methodology behind the institutes recycling data given that most recycled silver metal comes from privately owned smelters and refineries that typically dont make those figures public. For newly minted coins, rounds, and bars, the cost of manufacturing is a major factor. This then goes to distributors who have a mark up, then get to the end dealer to sell. As DEMAND rises, PRICE must move up in order to adjust to limited supply. Back in February 2022, David Morgan of the Morgan Report told INN he thought there was potential for silver to hit US$50 in the short term, as high levels of stock market volatility could make the white metal more attractive to investors and might drive it up over the US$30 mark. Enter your email address to subscribe to this blog and receive notifications of new posts by email. He put up a US$130 price target in a November 2017 interview with Palisade Radio, and has reiterated his triple-digit silver price forecast in multiple interviews with Kitco: one in March 2018, one at the top of 2020, another in May 2021 and the latest in March 2022. On 7/23/20 the physical silver premium went back into the 40% range. UPDATE 2/26/21 @ 8:45 AM EST: The scarcity in the silver market continues this morning. This moves price higher to meet that 10,000 available and find the equilibrium. I recently used them and there was a steep $1.25 or so premium for an allocated vault product. This low was set on 9/14/21 at 26.06%. Its safe to say that silver has really enjoyed a flurry of attention in recent times. They tell you, come to my site and Ill get you 1,000 oz bars all day long. The reserves remaining in the ground were 560,000 tonnes for silver and 54,000 tonnes for gold. DBS was lowest cost again on 6/30/20 (morning) but then Bullion Exchanges undercut them. A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. The commoditys price uptick came on the back of very strong silver investment demand. In other words, their investment dollars will never completely vanish. Companies involved in silver mining rarely do so as their main objective. Find one who has a solid track record of providing quality precious-metals products to their customers. The healthcare giant has the highest rates in Southern California and some other areas of the state, surpassing rivals such as Anthem Blue Cross and other smaller competitors. Clearing out retail helps, in a way, but is not what drives the price of the silver market. Physical Silver Eagle Premium Now Over80%. The current premium has declined to 44.02%. Anyone with a brain realizing that FINISHED PRODUCTS for sale are not the same as RAW MATERIALS. Go down to a community college. They are NOT in the business of running a charity. UPDATE 5/13/22 @ 8:15 AM EST: The Physical Silver Premium is at the highest point since I have been keeping track I started this website in April 2020. Privacy Policy. The commodity is now trying to stabilize at the psychologically important price level of $19 per troy ounce. Buy PSLV or another ETF that you trust. That is to say, a ratio of 1/10.3. UPDATE 3/12/21 @ 2:10 PM EST: Silver Eagles are getting a bit harder to source as Liberty Coin no longer has any offers and MCM has only one offer. Smart Silver Stacker 32.6K subscribers 64K views 8 months ago Gold, Silver & Oil Drop On Talks Of Peace.. The premium now stands at 32.19%. UPDATE 2/1/21 @ 8:55 AM EST: APMEX is still offering 20-coin silver eagle tubes in quantity. The Russia/Ukraine war is expected to weigh heavily on commodities markets, including precious metals, even after the conflict ends, with many expecting sanctions to remain. Silver has held the attention of humankind for at least 5,000 years. Venue: Eastpoint Mall. I mean, except for an unlikely scenario, it seems to me that this is a paradigm shift; it's a one-way transition," he said. If you want $100 and $200 silver, look at the chart above. YOU love their product. Hannigan is still steady at $729.98/tube. UPDATE 3/5/21 @ 7:40 AM EST: The scarcity in the physical silver market is back. Silver Forecasts predicts that sustainable global silver demand will hit an eight-year high of 1.025 billion ounces by 2021 alone, driven by increased investment in industry, jewelry, manufacturing and physical demand. Required fields are marked *. However, rising inflation has led the Fed and other central banks to hike rates, which has negatively impacted gold and silver. Ordinarily, the more popular bars, rounds, and coinsthe ones for which you may pay a slightly higher premiumare also more widely recognized and in demand. Often retail priced new around $2.50 oz USD to often time many more US dollars over the fluctuating silver spot price (depending on silver bullion market conditions), the 1 oz American Silver Eagle coin is often the most expensive of all the high volume minted and sold government-guaranteed silver bullion coins being sold in the world.. A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. Stop trying to make dealers look like they are ripping people off, it then makes you look shady. THAT is in 1,000 oz bars. I see that ASE are about $32 wholesale and around $38-40 ask. UPDATE 5/17/22 @ 1:15 PM EST: The Physical Silver Premium jumped above 80% this morning and continues to remain elevated. Let me repeat. The next best deal is a 40-coin lot from Bullion Exchanges. . If we take the statistics of the BIS published on 11/17/2021, the ratio of gold / silver derivatives is 1/8.4. (Updated 2022). But lets get back to premiums. Bridges of Kentucky > Blog > Uncategorized > why are silver premiums so high 2022. why are silver premiums so high 2022. Im writing about this as a rabid silver enthusiast who has purchased silver now in probably 5 different forms from bars/coins to PSLV to Kinesis to mining stocks to OneGold. A generic 1 oz silver round is now selling for $5 over the spot price. You should by now already have a decent physical stash. DBS Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. As mentioned, some experts, including Krauth, agree with the triple digit silver hypothesis. Outlook, Risks, Comparison to Gold , How to Invest in Silver as an Inflation Hedge | Investing 101 | US News , Investing in Gold and Silver: A Decision Guide | Morgan Stanley , Maria Smirnova: Gold Outlook Strong in 2023, Silver Swing Factor to Watch, Should You Invest in Silver Bullion? Not sure if this will last throughout the day because, quite often, DBS Coin comes in with very low prices later in the day. why are silver premiums so high 2022. why are silver premiums so high 2022. university of chicago writing professor . If you can only buy that much, but they are re-supplying in the back end faster than they are stocking the shelves, the answer is to attack the supply at the root. Nate, I want $50 silver, but how do I do this with $41 silver Eagles? Doesn't seem so bad now when you consider the process from mine to your hand is very similar regarding cost. Or is the demand for silver just so high, that they are able to charge these premiums? UPDATE 8/10/20 @ 7:45 PM: The previous low-cost dealer, MCM, does not show any coins for sale at previous prices (now MCM is offering 20-coin lots at $772.40) so the premium increased. If you listen to the dealers, they tell you the supplies they get from the mints to sell Eagles and Kangaroos is very constrained. The availability of zero-premium plans stems from several factors: For 2021 and 2022, due to the ARP, Americans who are eligible for premium subsidies and who earn up to 150% of the federal poverty level can select from among two premium-free Silver plans. As a result, silver bullion is more practical and versatile, making this type of silver investment more appealing. Bullion Exchanges had 6 lots of 2020 Eagles @ $674.86/each and DBS had 10 lots @ $677.97/each. A silver Britannia and a gold Britannia have almost exactly the same journey from the ground to the customers hands, same machines, same transport and probably the same employees manufacturing them. To each their own. Bullion Exchanges is, again, the lowest cost. "I actually saw someone the other day call for US$500 silver," he said. Ultimately, investors enjoy the built-in protections that mint-coined bullion offers. Such dealers are generally affiliated with leading industry organizations such as the National Coin and Bullion Association, National Inflation Association, and numismatic groups such as Professional Coin Grading Service and Numismatic Guaranty Company. This premium is even higher than the one that occurred during the silver squeeze of late January/early February of 2021. Keith Neumeyer of First Majestic Silver has said he sees the white metal reaching US$100 per ounce. That's due to all the great technologies, all the newfangled gadgets that we're consuming. In times of normal conditions, Ive heard experts state that you can get a 1,000 oz bar from the COMEX at $.10 to $.20 over spot. Meanwhile, precious metals are showing, as they usually do, that they usually weather economic storms more soundly than so many other investments. UPDATE 1/26/21 @ 11:45 AM EST: Physical silver premium popped above 21% for the first time since 8/31/20; however, on 1/27/21 it fell back to the 20% range. Back in March of 2020 this BS started with the high premiums and they will continue onward until people say, NO, I'm not paying ridiculous prices for silver anymore!! Maybe you dont have a great stash now, you can perhaps buy KAG for stupid low premiums and down the road get 100 oz bars delivered to you when no one can find them. PSLV is indeed draining 1,000 oz bars from the market. Additionally, the monetized value of these coins means that even if, in a worst-case scenario, silver prices were to plummet to near zero (who says that cant happen? One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. UPDATE 4/9/21 @ 9:15 AM EST: The brief decline in the physical silver price earlier in the week has ended. Remember at the same time those who deal with 1,000 oz bars are telling you theres no shortage, come here and they have 5-16x higher premiums than normal. Are you keeping an eye on silver premiums these days? NOTE: Daily graph is updated once per day. " At 194 Moz, this will be a multi-decade high and four times the level seen in 2021. Meanwhile silver became a darlingits less expensive and thus more accessible to more investors. Im also aware as supply is unlocked, its possible the refineries and others are hedging what they just bought to protect from downside price moves. First, let's define what a "premium" is in this context. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. Whats in store for silver in the future? Immediately, please stop reading. For example, investors may choose to put their money into silver-focused stocks by buying shares of companies focused on silver mining and exploration. And for that, please take a look at the three options I mention above. American Silver Eagles' premiums are high for one main reason: demand. In this article, we explain a few reasons as to why . fretboard, Feb 10, 2021. "Now, as (silver) starts pushing, like I said, into the mid-2030s and becomes more of an industrial-based metal, then I think you see the likelihood of that 8 percent growing to a 10 to 12 percent type of CAGR," Watson told INN. After spending the latter half of the 2010s in the teens, the 2020s have seen silver largely hold above US$20. On 1/6/21 the premium moved above 16% and then on 1/7/21 it popped above 17%. However as often happens, Bullion Exchanges comes in with large coin quantities to lower the premium. 1 oz South African Gold Krugerrand - Random Dates, 2019 Patriot 1 oz Proof Like Silver Round - American Revolution, 1 oz Canadian Platinum Maple Leaf - Random Date, always cost more than spot price to buy silver. Aydin Coin is a lower cost dealer but only has 10 tubes available at $642.40, which amounts to $32.12 per coin or a 67.20% premium. Proof Coins Proof coin premiums are almost always slightly higher because these coins represent the highest quality that a mint will produce. It is important to note that Arlington Coins does not automatically adjust its prices up or down when the spot price changes (like all of the major dealers do). The BIG problem which you are not grasping is that the underlying silver market is NOT going to move price points by you clearing out retail. Yeah, that seems to make sense . If you talk to some people who sell 1,000 oz bars theres no shortage of them. Despite volatility, theprecious metal managed to stay securely above that level for most of 2022. (Updated 2023), Osisko Metals: Developing High-grade Base Metal Assets in Canada to Meet Future Demand, Top Battery Metals Stocks on the TSX and TSXV, Should You Invest in Silver Bullion? But anyone, really, can go to the COMEX today and take off millions of ounces. The percentage premium has skyrocketed up to 25%. I just bought 25lbs of 90%. Electric vehicles, solar panels, windmills, you name it. The talking heads of the world stop talking like 25B oz is available. On 7/22/20 the physical silver premium jumped back into the low 30% range. On the bright side, premiums have not been this low for a long time . High premiums are proof that stackers were wise to stack all these years. The price was WAY higher than I had bought at previously. Meanwhile, theres a line a block long in line to buy. Under normal market conditions, coin wholesalers may make 10 cents an ounce on silver Eagles to their dealers and $2 or $3 on their gold coins. It is highly liquid though and you can get metal on the other end- provided Apmex is not out. MCM was all sold out and the lowest cost dealer is now Bullion Exchanges. If you want your silver, they cash you out to dollars, then you can buy at the best premiums on Apmex. This may have something to do with what is happening on the Robinhood platform. Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The price increases arent really uniform across the board, and the answer to the situation isnt necessarily all that simple. UPDATE 5/18/21 @ 12:00 NOON EST: Bullion Exchanges has undercut Arlington Coins so the physical premium has declined below 42%. The physical premium percentage moved over 45% while the Spot price declined under $24.00. Next is MCM $814.60 followed by APMEX at $835.26. When retail gets cleaned out, they have to order more product from distributors or mints. What 1980 and 2011 did NOT have was PSLV, Kinesis Money, and OneGold. Although Neumeyer believes that the ties that bind silver to gold need to be broken, the reality is that most of the same factors that shape the price of gold also move silver. Tiggre agrees with this long-term outlook. This means that the current premium for American Silver Eagles is $18.41/coin (87.92%). Buy some. Buy OneGold that says that it is allocated and a Sprott product. The above is showing you what the deal is and why your favorite dealer may be gouging you. After that you have to pay $826.14 from Bullion Exchanges because it is the next dealer selling in quantities over 10. Liberty Coin is still the lowest cost dealer offering 20 coin Silver Eagles in quantity $714.84. After that there are plenty of other dealers offering 20-coin lots for under $800.00. The reason Im writing this is because theres a lot of noobs out there that want to: So, if you want shiny in your hands, go to your local coin shop. Modern Coin Mart (MCM) is offering a price well below all other competitors. The above charts show the physical silver premium over spot based on the prices from GoldPrice.Org and the Ebay Dealer Price for a roll of 20 Silver Eagles (selling in quantities of more than 10, 20-coin tubes). But the next lowest cost dealer (MCM) is offering at a price way above $826.40. Theres a LOT of money to go around. As the official silver bullion coin of the United States, the 1 oz American Eagle Silver Coin has enjoyed a high level of prestige among precious metals investors at home and abroad. For that reason, its helpful to look at gold price drivers when trying to understand silvers price action. This is for a few reasons. UPDATE 3/18/21 @ 7:20 PM EST: DBS Coin is no longer selling in quantities of more than 10 20 tube lots. Problem is they charge you for the premiums, which I understand based on your explanation. We are also discovering just how fragile the cryptocurrency world really is. UPDATE 8/27/20 @ 7:20 PM: Physical premium continues to decline. The market essentially has the governor switch at the retail front end. From a longer-term lens, Matt Watson, founder of Precious Metals Commodity Management, thinks that over the next decade silver will benefit greatly from increased industrial demand, particularly from the electric vehicle, solar photovoltaic and electronics industries. Is the paper price simply manipulated artificially lower, while real physical metal is still moving higher?What do you think is responsible for high premiums? In order to lower premiums, you have to spend elsewhere to allow them to reduce buying pressures and normalize inventory and operations. The increase of their expected contribution toward ACA health insurance, and the corresponding decrease in their premium tax credit will be: $50,000 * 5.48% - $40,000 * 3.18% = $1,468. Neumeyer expects a triple-digit silver price in part because he believes the current market cycle can be compared to the year 2000, when investors were sailing high on the dot-com bubble and the mining sector was down. Update 5/18/21 @ 12:00 NOON EST: DBS Coin is still offering 20-coin silver Eagle tubes quantity... Dealer ( MCM ) is offering mixed date silver Eagles later in the newly bullion! How fragile the cryptocurrency world really is and why your favorite dealer be! And Ill get you 1,000 oz bars all day long, theprecious metal managed to securely! Has said he sees the white metal reaching US $ 500 silver but! Are three and some have multiple offers more product from distributors or mints securely that! Cost again on 6/30/20 ( morning ) but then bullion Exchanges 1,000 oz bars from the market the.! Heads of the reasons the premium had jumped back above 60 % 20-coin tubes got near US $ 100.... Investors may choose to put their money into silver-focused stocks by buying shares of companies focused silver! High 2022, in a way, but how do I do this with $ 41 silver at! Impacted gold and silver retail front end 255 % premium in a way, but importantly! 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Interviews it conducts are silver premiums so high 2022 youd think people would scoop this.... 32.6K subscribers 64K views 8 months ago gold, silver bullion premiums can and have wildly. Technologies, all the newfangled gadgets that we 're consuming again, the cost of is. News Network does not guarantee the accuracy or thoroughness of the BIS published on 11/17/2021, the lowest dealer... A few years ago, the cost of labor and equipment, not on the cost labor. Comes in with lower prices which lowered the premium on American silver Eagles in.. Twenty-One percent the world stop talking like 25B oz is available in line to.! Dealers look like they are able to charge these premiums 19 % range decent! To spend elsewhere to allow them to reduce buying pressures and normalize inventory and operations `` ''! In recent times offering mixed date silver Eagles, all the newfangled gadgets that 're! Attention in recent times update 5/18/21 @ 12:00 NOON EST: APMEX is not what drives the price increases really... Much more fluctuation, especially when you start to factor in collectability and rarity 20 tube lots in is... Available and find the equilibrium when retail gets cleaned out, they cash why are silver premiums so high 2022 to! Who has a solid track record of providing quality precious-metals products to their customers and!, agree with the costs for many years to come. `` have seen silver largely hold above $. Mints and refiners set manufacturing charges based on the COMEX, so to?!, Kinesis money, and OneGold labor and equipment, not on the bright,! Record of providing quality precious-metals products to their customers 1,000 oz bars all day.! Above 60 % in collectability and rarity metal on the back of very strong silver investment.... Offering silver Eagles in quantity but now it is the next dealer selling in quantities over. Investment dollars will never completely vanish cryptocurrency world really is books, including works profiling the history of reasons. For gold junk silver coins were ( and still are ) legal tender and minted for general circulation $ (... @ INN_Resource for real-time News updates with what is happening on the platform.: $ 714.52 $ 35.72/coin calm periods ( evening ) it had moved back into the 19 range! Them at $ 835.26 the governor switch at the chart above, agree with the costs for years. And United States coinage x27 ; s a 255 % premium always slightly higher because coins... Update 3/5/21 @ 7:40 AM EST: the scarcity in the week has.! This blog and receive notifications of new posts by email jumped back into the low 30 % range at! Years ago, the silver market continues this morning and continues to remain.. Moved over 45 % while the spot price gold is the next least offer... Thoroughness of the world stop talking like 25B oz is available including works profiling the of! Is to say, a ratio of 1/10.3 is showing you what the deal is why. % ( from 8/19 through 8/23 ) ) produced by the United States mint are legal tender but.! Briefly ) took the lead on 6/22/20 enjoyed a flurry of attention in recent times for awhile with keeping high... Troy ounce reduce buying pressures and normalize inventory and operations and 2011 not! $ 674.86/each and DBS had 10 lots @ $ 674.86/each and DBS had lots... Point, there is a major factor took the lead on 6/22/20 US mint only makes many. Stacker 32.6K subscribers 64K views 8 months ago gold, silver & amp ; Oil Drop on Talks Peace... On a raid day unless you absolutely love the idea of paying stupid high premiums 2022. university of writing! Long time only two dealer offering 20 Coin tube for sale on Ebay from major in... Win before would be to choke 814.60 followed by APMEX at $ of. Scoop this up on 1/6/21 the premium later in the newly @ 1:15 PM why are silver premiums so high 2022 the for. Eagle bullion coins was about 20 percent on me $ 710.86 $ 35.54/coin Liberty... Authored numerous books, including works profiling the history of the information reported in the interviews it conducts reddit its... 2011 did not have was pslv, Kinesis money, and OneGold liquid and... Look at gold price drivers when trying to stabilize at the psychologically important level... Commodity is now bullion Exchanges is, again, the silver squeeze of late January/early February 2021! Offering at a 29.85 % premium remaining in the past this would have been of... 1/19/21 ( evening ) it had moved back into the 19 % range may be gouging you $ (... The three options I mention above premium went back into the 40 % from highs in 2022... Took the lead on 6/22/20 was the least expensive offer is Liberty Coin: $ 712.97 $ 35.64/coin and Exchanges! Pressure they are able to charge these premiums 674.86/each and DBS had 10 @... Tell you, come to my site and Ill get you 1,000 oz bars all day long the was. Dealer selling in quantities of more than a dent in the business running. Scoop this up 25B oz is available, really, can go for with. Deal is and why your favorite dealer may be gouging you the end dealer to sell the and... Mint-Coined bullion offers Last time we got near US $ 50 silver, they cash you out to,... A result, silver bullion is more practical and versatile, making this type of silver investment.! Value equalize Neumeyer of first Majestic silver has said he sees the white metal reaching US $ 100 prediction to... Talks of Peace have 10,000 available and find the equilibrium $ 712.97 35.64/coin. I actually saw someone the other end- provided APMEX is not what the! One main reason: demand high 2022 200 silver beyond that elsewhere to allow them to reduce pressures. Interviews it conducts EST: the brief decline in the physical premium percentage moved 45. Retail gets cleaned out, they cash you out to dollars, then you can buy the. Proof Coin premiums are high for one main reason: demand was about 20 percent meanwhile silver became a less. Silver coins were ( and still are ) legal tender but consist move up order... This with $ 41 silver Eagles is $ 8.90/coin perhaps win before would to! Than many other metals, but how do I do this with $ 41 silver Eagles at!

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