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!! UPDATE 1/31/21 @ 12:00 NOON EST: Aydin Coin is still lowest cost but now it indicates a delay in shipping. The next best deal is a 40-coin lot from Bullion Exchanges. Time for me to start leaving silver behind in favor of gold. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. "Price gauging should not be allowed. By the afternoon of 7/30/20 the premium skyrocketed to over 60% because all of the low-cost dealers were selling in quantities of fewer than 10. Plus, silver has the added advantage of being a widely used industrial metal. Clearly, the "silver squeeze" from earlier in the year is over - at least for now. How does this REALLY end in higher silver prices? Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article. ), cryptocurrency (dont forget FTX! Go down to a community college. But Will It Last? The premium now stands at 32.19%. (Updated 2022). UPDATE 3/30/21 @ 1:40 PM EST: While Aydin Coins came in with a low cost deal on 3/28/21, I noticed today that MCM increased its price from the low $700s for a 20-coin tube of Silver Eagles (this morning) all of the way up to $764.40 by early afternoon. It dipped below on 1/14/21 but regained the 18% level by the morning or 1/15/21. According to CIBC analysts in mid-2021, higher industrial demand from emerging sectors due to factors like the transition to renewable energy will be highly supportive for the metal over the next few years. This is why they need tampy tamp. Its safe to say that silver has really enjoyed a flurry of attention in recent times. It is also harbored by preppers and survivalists who believe silver has trading potential should the monetary system as we know it collapse. Ebay Dealer Price for a roll of 20 Silver Eagles, Lowest cost at 3:30 PM was Bullion Exchanges, DBS came in with quantity on the evening of 7/30/20, Bullion Exchanges with only 2 lots of 2001, APMEX had limited quanitities of 2020 coin, Bullion Exchanges had more than 10 lots of 1987, Bullion Exchanges limited quantity available. One interesting way to get exposure to silver is via the Sprott Physical Silver Trust (PSLV). I believe gold kicks in the door, but silver moves faster and further. I think not lets take a look at what it actually DOES store! On the other hand, during economic uncertainty silver values are impacted by declines in fabrication demand. THIS WILL MAKE RETAIL PREMIUMS JACKED. The lowest cost dealer offering 20 coin Silver Eagles in quantity is Liberty Coin @ $729.28. Go to your favorite online dealer. 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. But lets get back to premiums. So as an investor, what are you to do about this? If you WANT to keep the pressure on, let the common Joe buy silver at $50 silver retail where you continue your pressure with PSLV, OneGold, Kinesis, and vaulting services buying 1,000 oz bars. Then come back and talk to me here. I got into a Twitter disagreement with some popular sites over the last 2 months because they were calling out high premiums by dealers as insane and playing the argument that they have no shortage of 1,000 oz bars. Yeah, that seems to make sense . 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.. Physical Silver Eagle Premium Hits Record 71.25%. The commoditys price uptick came on the back of very strong silver investment demand. So, if the silver price does rise, how high will it go? Mike Maloney told me the seigniorage on Silver Eagles is 50% higher today than when he started GoldSilver in 2005. This represents a $11.75/45.12% premium. "Once silver gets above US$33 and it stays there for three or four days or better yet, even two or three weeks there's not much holding it back to hit US$50 again," he said at the time. 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. "It is so cheap relative to other metals and other. After that there are plenty of other dealers offering 20-coin lots for under $800.00. "I'm guessing the mining sector produced something in the order of 800, maybe 825 million ounces in 2022," Neumeyer said when giving a Q4 2022 overview for his company. Are high premiums on silver justified? Current percentage premium is 44.63%. The premiums are so high because people who don't think or research the ups and downs of silver prices continue buying. After spending the latter half of the 2010s in the teens, the 2020s have seen silver largely hold above US$20. Join us today for FREE! Modern Coin Mart (MCM) is offering a price well below all other competitors. UPDATE 10/27/20 @ 7:20 PM EST: Physical premium is back below 19%. This was followed by a series of days in the high 90% range (8/5 8/9). And then trying to lecture me that theres no shortage. The best price is MCM: $736.40 $36.82/coin (105 available). Everyone knows gold is also heavily manipulated, and using funds like OneGold, Kinesis Money, and PSLV will be able to put continued pressure on the 100oz bar market there and create the same net effect. As seen on the table which depicts the supply/demand situation in the last 10 years, it becomes clear that 2022 will be year with an epic physical market shortage. Get your metals now. This realization by many that silver is truly a safe-haven assetone that is easily traded and performs well during rapid inflation and other economic hardshipshas led many to redirect their investment funds to silver. This is anticipating people wiping out their stocks. Dont buy on a raid day unless you absolutely love the idea of paying stupid high premiums. Andrew Maguire talks about how silver in size is booked out until June 2022. 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. You should by now already have a decent physical stash. Looks like the craziness has passed sort of for now. If inflation continues to rise and reaches double-digit values through 2022 and 2023, the price of $100 an ounce for silver could be possible. Electric vehicles, solar panels, windmills, you name it. Los Angeles Times, June 12, 2013. The relatively high premiums from such a . The next least expensive offer is Liberty Coin at a 29.85% premium. This then goes to distributors who have a mark up, then get to the end dealer to sell. Hey guys, I was checking out prices on American Silver Eagles from various retailers (including APMEX & JM Bullion) and I noticed that for some reason the premiums are insanely high despite the fact that over the last couple of days the price of silver has gone down. They just keep raising it, and over time that increase has been fairly substantial. 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. It has not been this high since the Summer of 2021. Enroll in economics 101. If they increase their income to $50,000, they are expected to pay 5.48% of their income. You might be surprised. Where the cartels would perhaps win before would be to choke . The primary reason that silver is sold at a significant discount to gold is supply and demand. All these technologies require silver That's a pretty big (supply) deficit.". The massive amount of available silver has not been met with heightened demand, which has kept prices low. You are then running into premiums twice. Usually DBS Coin comes in with a lower price (in quantity) in the morning, so I will be watching to see if this is the case tomorrow. Yet Apmex is selling a silver eagle at $38? In addition, there is still a wide gap between the low-cost dealer (DBS Coin) and the others. On a separate note, silvers close ties to golds safe-haven status should be beneficial in the long term, and there is also a strong case to made for the metal's industrial potential. As of 5/29 in the afternoon DBS was no longer selling in quantity now Bullion Exchanges is. Some events will likely shake investor confidence in early 2022, causing precious metals to move 15% to 25% higher initially. On 8/24 it dipped back down to 71.84%. While this is the case throughout the silver industry, it seems to be especially pronounced on monetized silver coins more so than with silver rounds or silver bars. If you want to take down Darth Vader, youre going to need a bigger boat. Here is the availability on Ebay: DBS Coin: $687.84 $34.39/coin, Liberty Coin: None available, MCM: $739.40 None available, MCM: $792.80 $39.64/coin (119 available), APMEX: $794.64 $39.73/coin & APMEX: $877.11 $43.85/coin. Here is the availability on Ebay: DBS Coin: $689.36 $34.47/coin, Liberty Coin: $696.98 $34.84/coin, MCM: $745.80 $37.29/coin (26 available), MCM: $794.60 $39.73/coin (145 available), APMEX: $796.49 $39.82/coin, APMEX: $878.97 $43.94/coin. After decreasing by almost 40% from highs in February 2022 and hitting a two-year low, the silver price has declined recently. https://www.youtube.com/watch?v=vtsgRJGNYGsWhy are premiums on silver bullion so high? Investing News Network websites or approved third-party tools use cookies. On the morning of 6/1/20 the premium went below 45% but then jumped back up in the evening because Bullion Exchanges was no longer selling in quantities more than 10. Inheritance has increased its price by more than $10.00/tube $727.21. I say that because the next available offer ($769.00) is from MCM which has almost 200 rolls of eagles available for sale but with a delayed delivery date (8/24/20). Silver prices traded slightly lower on Friday, down 16 cents an ounce. At times hes been even more bold, suggesting the white metal could reach US$1,000. The $3 was seen as the cost to mint the coins. When retail gets cleaned out, they have to order more product from distributors or mints. Its not. In order to glean a better understanding of the precious metals chances of trading around the US$100 range, its important to examine the elements that could push it to that level or pull it further away. That is to say, a ratio of 1/10.3. The case for and against silver at this moment, Silver investors this individual attempted to dox me and harm my career. In fact, in order for the precious metal to jump to the US$100 mark, its price would have to increase from its current value by more than 350 percent. The primary reason for the increase in Silver Eagle premiums in recent years has been the seigniorage cost charged by the US Mint. UPDATE 10/25/20 @ 7:00 PM EST: Physical premium jumped up over 18% this evening up to 18.71%. High premiums are proof that stackers were wise to stack all these years. Your email address will not be published. UPDATE 10/27/20 @ 7:40 AM EST: Physical premium increased to over 20% from 10/26 (evening) to 10/27 (morning). At a glanceExpert's Rating ProsPremium designGorgeous displayExtensive workout trackingDecent battery lifeConsLimited app supportNo cellular optionProne to accidental button pressesPoor auto workout detectionOur VerdictThe Watch S1 Prooffers almost every health and fitness feature you could think of within a sleek, premium device. What I had heard from 2011 was that they had to stop taking things like constitutional and silverware because refineries were backed up for 2 months. There are no shortage at the timber level, but refining it into lumber is the bottleneck. Silver coinage, or monetized silver, provides further benefits, including its backing by governments and its numismatic collectability. Eastpoint Mall Introduces a New 2D1N Bootcamp Experience! But the next lowest cost dealer (MCM) is offering at a price way above $826.40. However, by 9:15 AM EST, Arlington had increased its price to $815.00/20 coin roll plus shipping bringing the physical premium over 45%. Essentially, there are now two prices for silver. By 1/28/21 it was down in the 19% range. "Consumption numbers look like they're somewhere between 1.2 and 1.4 billion ounces. Those who wish to buy silver rounds and bars should consider buying them while their premiums are still relatively reasonable. In February 2023, the Fed raised rates by just 25 basis points, the smallest hike since March 2022, as Chair Jerome Powell said the process of disinflation has begun. 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. The truth is they have a spigot providing them small amounts than cannot keep up with demand. This is exactly what happened today. This would be Liberty Coin $685.38 $34.27/coin & APMEX: $804.74 $40.23/coin. Is to say, a ratio of 1/10.3 he started GoldSilver in 2005, they are expected to 5.48! From Bullion Exchanges Coin at a price way above $ 826.40 no shortage strong investment... 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