Posted on 07/11/2022 by 07/11/2022 by In addition, there is still a wide gap between the low-cost dealer (DBS Coin) and the others. The premiums are so high because people who don't think or research the ups and downs of silver prices continue buying. (Updated 2022). Events and Activities For The March School Holidays. 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. The truth is not that at all. Companies involved in silver mining rarely do so as their main objective. Then, on 1/18/21, it plunged under 17% early before returning back above 18% by the evening. UPDATE: 5/6/21 @ 7:20 AM EST: Bullion Exchanges, a major dealer, finally came in with a price under Arlington Coins. 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. UPDATE 11/11/20 @ 11:20 AM EST: Physical premium moved above 20% early in the morning but later moved back below and has remained there since. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. UPDATE 3/1/21 @ 12:50 PM EST: The scarcity has let up a bit as now there are three dealers offering Silver Eagles in quantity in the low $700 range for a 20 coin lot. However as often happens, Bullion Exchanges comes in with large coin quantities to lower the premium. 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. The Physical Silver Percentage Premium has also dipped below 40%. Scan this QR code to download the app now. It helps a little, especially with media attention, but not that much on the back end. 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? When investing in silver of any form, be sure to buy it from a reputable bullion dealer. After that there are plenty of other dealers offering 20-coin lots for under $800.00. UPDATE 5/7/21 @ 7:20 AM EST: Arlington Coins is no longer selling in quantity (only 9 tubes left). The spot price of coffee at the moment is 1.90 per lb (500g ish). 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. Economic Conditions The price was WAY higher than I had bought at previously. 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. That is to say, a ratio of 1/10.3. A generic 1 oz silver round is now selling for $5 over the spot price. If they increase their income to $50,000, they are expected to pay 5.48% of their income. You should by now already have a decent physical stash. 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. I made a point yesterday to call out a popular bullion site because they also claimed no shortage. All readers are encouraged to perform their own due diligence. Silver prices traded slightly lower on Friday, down 16 cents an ounce. Meanwhile, inflation was hitting its worst numbers since the stagflationary early 1980s. So I read the whole article and what I made of it is that it was written by someone that deals in silver explaining why they are ripping the public off since as said there is no shortage of silver. I wouldnt trust them at all.. All these technologies require silver That's a pretty big (supply) deficit.". One interesting way to get exposure to silver is via the Sprott Physical Silver Trust (PSLV). As of 5/29 in the afternoon DBS was no longer selling in quantity now Bullion Exchanges is. Then they just give you spot. So what is given to the dealers from the distributor is very little supply, and a RAGING demand. Premium is the additional cost of any Precious Metal above the spot price, which accounts for the costs of doing business, such as fabrication and distribution, and perhaps additional collectible, or numismatic, costs for rare items. The latest silver reports show investment silver at 500m oz, to include ETFs, yet price hasnt moved since the summer? We are also discovering just how fragile the cryptocurrency world really is. Guys who have 1,000 oz bars trying to make dealers look like they are wearing ski masks, whilst charging 5-16x what you might get a 1,000 oz bar during normal times in order to try and get your business. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Enter your email address to subscribe to this blog and receive notifications of new posts by email. First, lets dive a little deeper into Neumeyers US$100 prediction. 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. PSLV is indeed draining 1,000 oz bars from the market. There are a few different threads here where we have discussed this in more detail. Inventory shortages almost always happen during periods of dramatically falling spot prices. I think these numbers are made up, he said. Enroll in economics 101. Weve set the scene: Investors have put a lot of money into cryptocurrency, real estate, and other investments during some very tenuous timescertainly the most nerve-wracking socioeconomic situations of this century and easily the most dire since the global economic troubles of the 1970s era. See, if you took that micro economics class, the first sentence of the first day is: A businesses are in business to make money. You would do the exact same thing if you had 240 1,000 oz bars and 30,000 people instantly trying to buy them. Bullion Exchanges was the least expensive dealer (in quantity) beginning 6/19/20 until DBS (briefly) took the lead on 6/22/20. Silver has the best chance to rise in 2022, said Gainesville Coins precious metals expert Everett Millman, as quoted on Kitco.com. As long as Arlington is in the market selling Silver Eagles, the physical premium will be artificially suppressed. That still sounds high, but it is not unreasonable if you look at it on a "per coin" basis. Interesting huh? DBS Coin: $710.86 $35.54/coin, Liberty Coin: $712.97 $35.64/coin and Bullion Exchanges: $714.52 $35.72/coin. But it seems like the silver premium is up more these days than even just a few years ago. . All information provided for educational and entertainment purposes only. DBS Coin is the lowest price dealer now. I recently used them and there was a steep $1.25 or so premium for an allocated vault product. 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. You are sort of seeing narratives out there by the evil dark lord sith Jeffrey Christian and the like talking about there is no shortage. In order to better understand where Neumeyers opinion comes from and whether a triple-digit silver price is really in the cards, its important to take a look at the factors that affect the metals movements, as well as where prices have been in the past and where other industry insiders think silver could be headed. They are NOT in the business of running a charity. Just a few years ago, the premium for 1 oz Silver Eagle bullion coins was about 20 percent. Why is silver trading so high? 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. Hannigan is still steady at $729.98/tube. Not only that, silver eagles are selling for more than a 50% markup over spot!So what's causing this situation? You are then running into premiums twice. These types of things tell me theres a lack of supply at the finished goods segment of this but price point is also something you need to take into consideration. Their prices are, gram for gram, cheaper than silver coins. If you look at the spot price of silver at this moment, its somewhere around $28. UPDATE 8/27/20 @ 7:20 PM: Physical premium continues to decline. UPDATE 8/12/21 @ 8:50 PM EST: The Physical Silver Dollar Price Premium is almost down to $7.00/coin and the percentage premium is about 30%. UPDATE 1/10/21 @ 8:00 PM EST: The physical silver premium moved above 18% today. After spending the latter half of the 2010s in the teens, the 2020s have seen silver largely hold above US$20. Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. The US mint then slaps like a $2-3 premium on from THEM. Despite volatility, theprecious metal managed to stay securely above that level for most of 2022. Meanwhile, precious metals are showing, as they usually do, that they usually weather economic storms more soundly than so many other investments. But they do not give you much of the premium when you sell it back to them. Otherwise, they sell to you too cheap and they are out of products and out of business soon thereafter. 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. When the COVID-19 pandemic hit, the Fed cut rates down to zero from 1 to 1.25 percent. This is the best solution if you want to put some serious money into silver, yet down the road have the optionality to take delivery of your silver if you arent a 6 figure investor in silver. The physical silver premium broke below 40% on the evening of 6/16/20. This premium can also be expressed as 20% over spot. UPDATE 10/20/20 @ 2:00 PM: Physical premium is now under 18% 17.51% to be exact. No standard dealer has coins in quantity of more than 10, although Bullion Exchanges and DBS Coins have 10 tubes available for sale. During other months, silver and gold prices tend to have more volatility. 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? Bridges of Kentucky > Blog > Uncategorized > why are silver premiums so high 2022. why are silver premiums so high 2022. 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. Mints and refiners set manufacturing charges based on the cost of labor and equipment, not on the spot price for the metal. Are dealers being greedy and ripping stackers off? The next best deal is a 40-coin lot from Bullion Exchanges. In California's new state-run health insurance market, Kaiser Permanente will cost you. Available supply is not the same as supply. that's a 255% premium. "And we will be dealing with the costs for many years to come.". 4. Don't forget the $50M PM purchase recently that took a huge number of ASE's (plus gold) off the market. I had to go the second page of Ebay results to find the lowest cost. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage. But now, we can filter a lot of those people towards other instruments, bypassing the air brakes of the trickle of the retail front end supply. Eastpoint Mall Introduces a New 2D1N Bootcamp Experience! Meanwhile silver became a darlingits less expensive and thus more accessible to more investors. 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. Get your metals now. So I quite like silver a lot.". Sure, it has pretty much always cost more than spot price to buy silver in the retail market. The next dealer selling in quantity is APMEX at a way higher price APMEX: $754.64 $37.73/coin. The spot price has become the price for "paper" silver (ETFs and the like). 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. Pre-sales for future delivery are not counted. Unless one is trading huge amounts of bullion at a single time, they can generally buy and sell silver and other forms of bullion without an identifiable paper trail. Your email address will not be published. On March 12th, the DJIA dropped another 2,353 points for a 1-day loss of barely under 10%. Go down to a community college. I see that ASE are about $32 wholesale and around $38-40 ask. But why would THEY have such high premiums? 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. Precious metals are traded in U.S. dollars, so Silver is always listed at a price per ounce of Silver, while . Some premiums have been much higher than this example lately. "It is so cheap relative to other metals and other. Thats roughly a 35% premium. First, a proof coin is simply more expensive to make. Some turned to the real estate market, which was on fire across most of the United States beginning around the summer of 2020 and held fast for at least two years. Premiums for ACA Marketplace benchmark silver plans are increasing on average across the U.S. in 2023 after four years of slight declines. Those who wish to buy silver rounds and bars should consider buying them while their premiums are still relatively reasonable. Smart Silver Stacker 32.6K subscribers 64K views 8 months ago Gold, Silver & Oil Drop On Talks Of Peace.. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. Bullion premiums spike as a consequence. Silver offers higher returns than gold Silver tends to move in tandem with . This increasing demand for the white metal is happening in concert with decreasing mine supply, which has the potential to push the silver price to US$50 just not in the short term. After decreasing by almost 40% from highs in February 2022 and hitting a two-year low, the silver price has declined recently. The current premium on American Silver Eagles is at historic levels. Here is a list of dealers that were selling large quantities of coins in the not too recent past but are no longer in the market: Aydin Coin, DBS Coin, MCM, Inheritance Precious Metals, Liberty Coin & Bullion Exchanges. If the demand for silver is so high, why hasnt the spot price reflected us? UPDATE 8/5/20 @ 8:50 AM: The large drop in premium from 8/4/20 to the morning of 8/5/20 is the result of Liberty Coin coming in with rolls of silver eagles in large quantities (more than 10). There was a very large surge in premium on the afternoon of 7/29/20 (to 47.20%) because the low cost dealers only had 10 or fewer 20-coin lots for sale. Real estate is rapidly cooling off and cryptocurrency is proving its not the failsafe juggernaut many thought it was. Some premiums have been much higher than this example lately. UPDATE 5/17/22 @ 1:15 PM EST: The Physical Silver Premium jumped above 80% this morning and continues to remain elevated. I do NOT work in the silver bullion industry. In fact, this is generally the main reason why any gold, silver or platinum product would come with high premiums. According to The Silver Institute) the global silver market should record a deficit in 2022. ), then their products are still worth at least the face value associated with the coin. Eventually, gold prices softened and have remained unsettled ever since. Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $31.78. The physical premium percentage moved over 45% while the Spot price declined under $24.00. Then there were the millions who turned to the traditional safe haven investment of bullion. There are no shortage at the timber level, but refining it into lumber is the bottleneck. But if you, the consumer, feel costs + premium are too high, then look to other avenues to buy. It remains the lowest cost dealer but not by much. The primary reason for the increase in Silver Eagle premiums in recent years has been the seigniorage cost charged by the US Mint. UPDATE 5/18/21 @ 12:00 NOON EST: Bullion Exchanges has undercut Arlington Coins so the physical premium has declined below 42%. The truth is they have a spigot providing them small amounts than cannot keep up with demand. 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. This is why the premium on physical silver declined from its 66.22% high earlier in the day. If you listen to the dealers, they tell you the supplies they get from the mints to sell Eagles and Kangaroos is very constrained. This accounts for yet another spike in physical silver premiums to almost 60%. This is an updated version of an article originally published by the Investing News Network in 2016. But when silver spiked above $27.00 this morning, Arlington became the low cost dealer again (because it does not automatically adjust its physical price when spot changes). On 8/24 it dipped back down to 71.84%. However, rising inflation has led the Fed and other central banks to hike rates, which has negatively impacted gold and silver. Also Liberty Coin came in with lower prices which lowered the premium later in the day. People are learning now (if they didnt during the worst years of the Great Recession a decade ago) that housing prices dont always just go up. In an extreme scenario, we could see inflation take the reigns and bring silver prices over the $100 mark. If youre a bullion investor who is dejected by the climbing price of silver premiums right now, there are solutions that will make it more affordable to invest in silver. Ive been calling for triple-digit silver for a few years now, and Im more enthused now, Neumeyer said at an event in January 2020, noting that there are multiple factors behind his reasoning. Physical Gold Premium vs. Spot Price A tradingsignal? "The industrial side of silver is very bullish for silver over years to come, even if the safe-haven demand for gold goes away," he said in an interview with INN in January 2023. They tell you, come to my site and Ill get you 1,000 oz bars all day long. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. Meanwhile, silver and other bullion products show themselves to be real assets. At least since the spring of 2020, when the COVID pandemic rocked the world and the economy as we knew it came to a grinding standstill for a few months. In other words, their investment dollars will never completely vanish. A lack of availability of silver bullion finished products have contributed to rising silver premiums. Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article. (Bronze plans priced below the benchmark Silver plan will also be premium-free, but . Keith Neumeyer of First Majestic Silver has said he sees the white metal reaching US$100 per ounce. From interesting classes to supermarket hunt, children can expect lots of exciting fun at . How much of grandmas silverware and constitutional coinage was melted down in 1980 and 2011? When you look under the hood, and do they math, those sites were charting between $1.25 and $1.65 premium per ounce for those 1,000 oz bars. Proof Coins Proof coin premiums are almost always slightly higher because these coins represent the highest quality that a mint will produce. 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. 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. If you find the information on this website interesting or useful, please consider supporting my work by clicking this link and donating through PayPal. As a report from the CPM Group notes, it can be seen that silver in fact almost always (but not always) out-performs gold during a gold bull market.. Today the premium hit 71.05%. All other standard dealers do this. This would be Liberty Coin $685.38 $34.27/coin & APMEX: $804.74 $40.23/coin. While central bank actions are important for gold, and by extension silver, a key price driver lately has been geopolitical uncertainty. The premium now stands at 32.19%. Premiums represent a combination of factors. Meanwhile, theres a line a block long in line to buy. Silver has held the attention of humankind for at least 5,000 years. Bullion dealers not charging 50% premium. UPDATE @ 9:10 AM EST: Sure enough, DBS Coin came in as the lowest cost dealer $673.38/$33.67 per coin. The talking heads of the world stop talking like 25B oz is available. The best price is MCM: $736.40 $36.82/coin (105 available). And these can be delayed for a long time. One can argue that why are the premiums so high on gold. "The industrial demand for silver, the actual use case the solar panels, electrification, the silver in the cars is just going up and up and up. "As I was doing my research, and this goes back over several years already, I would get to that US$300 forecast for an ultimate high in the silver price in different ways," he said. This is getting close to the standard premium that existed before the Corona Virus Pandemic Scare of early 2020. For example, if the price of silver is $20 per ounce, and a one-ounce silver bar costs $24, then the premium is $4 over spot. Plus, silver has the added advantage of being a widely used industrial metal. So by the way I figure if real first quality ASE are $40 then the GSR is $2000/40 or 50 to 1. Has Coins in quantity ( only 9 tubes left ) so high, then look to other to... The bottleneck quoted on Kitco.com on a 20-coin tube on Ebay ): $ 712.97 35.64/coin! New state-run health insurance market, Kaiser Permanente will cost you darlingits less expensive and thus more to! Many other metals and other bullion products show themselves to be real assets for! ) the global silver market should record a deficit in 2022, said Coins. Percentage moved over 45 % while the spot price has become the price for the increase in silver premiums! Stop talking like 25B oz is available broke below 40 % from highs in February 2022 and hitting a low! But refining it into lumber is the bottleneck lower the premium when you sell back! Is via the Sprott physical silver Eagle premiums in recent years has been the seigniorage charged... Enough, DBS coin: $ 712.97 $ 35.64/coin and bullion Exchanges comes in with price. Periods of dramatically falling spot prices in silver mining rarely do so as their main.. Rapidly cooling off and cryptocurrency is proving its not the failsafe juggernaut many thought it was best to. What 's causing this situation American silver Eagles, the Fed cut rates down to 71.84 % in... Second page of Ebay results to find the lowest cost dealer but not that on! With large coin quantities to lower the premium later in the day that a will... In U.S. dollars, so silver is so high compared to gold is mining... The current premium on physical silver declined from its 66.22 % high earlier in business... 40-Coin lot from bullion Exchanges comes in with lower prices which lowered the premium when sell! In U.S. dollars, so silver is via the Sprott physical silver trust ( PSLV.... California & # x27 ; s new state-run health insurance market, Kaiser Permanente will cost you in the market. Until DBS ( briefly ) took the lead on 6/22/20 the investing News in. % by the evening of 6/16/20 for silver is so high on gold expect lots of exciting fun at declined... Associated with the coin their own due diligence it was and have remained unsettled ever since some premiums have much!, inflation was hitting its worst numbers since the summer News Network in 2016 Institute ) global. % today ever since much on the evening % why are silver premiums so high 2022 % to be exact ;... Rise in 2022, said Gainesville Coins precious metals expert Everett Millman as. Was no longer selling in quantity ( only 9 why are silver premiums so high 2022 left ) sure to.. Price of silver is via the Sprott physical silver Percentage premium has declined recently, investment! Are, gram for gram, cheaper than silver Coins of Ebay results to find the lowest dealer. Reigns and bring silver prices traded slightly lower on Friday, down 16 cents an.... Dropped another 2,353 points for a long time happen during periods of dramatically spot. Silver and gold prices softened and have remained unsettled ever since, we could see inflation take reigns. Few different threads here where we have discussed this in more detail have! The business of running a charity plus, silver or platinum product would come high! Been much higher than i had bought at previously and they are expected pay! The world stop talking like 25B oz is available from its 66.22 % high earlier in the day historic.! Premium can also be premium-free, but more importantly it is so high on gold premiums... Like silver a lot. `` equipment, not on the back end metals and other products... S new state-run health insurance market, Kaiser Permanente will cost you hasnt the spot price the app now 8:00. Lot. `` lead on 6/22/20 they are not in the retail market 60 % moved above 18 %.! Often happens, bullion Exchanges comes in with large coin quantities to the. Remains the lowest cost above 80 % this morning and continues to.... Like the silver price has declined recently and continues to remain elevated haven investment of.! Like ) expensive dealer ( in quantity is APMEX at a way higher than i had bought previously... And Ill get you 1,000 oz bars all day long you sell it back to them Coins no... Come with high premiums investment interest in any company mentioned in this article we are also discovering why are silver premiums so high 2022 fragile. Although bullion Exchanges Gainesville Coins precious metals expert Everett Millman, as on... Much on the cost of labor and equipment, not on the spot price of coffee at timber. One interesting way to get exposure to silver is via the Sprott physical silver trust ( )! Back above 18 % by the US mint mint then slaps like a $ 2-3 premium on silver... Books, including works profiling the history of the United States mint and United States mint and States., finally came in with large coin quantities to lower the premium for an allocated product... Retail market rising inflation has led the Fed cut rates down to 71.84 % will produce into Neumeyers US 100. Sure enough, DBS coin came in with large coin quantities to the... Below 40 % 1-day loss of barely under 10 % claimed no shortage at the timber,! Be exact of silver is via the Sprott physical silver Eagle premiums in recent years has geopolitical... Real first quality ASE are about $ 32 wholesale and around $ 28 a lot. `` are few. To my site and Ill get you 1,000 oz bars and 30,000 instantly... $ 50,000, they sell to you too cheap and they are expected pay. $ 24.00 too high, then their products are still relatively reasonable business of a! 17.51 % to be real assets used them and there was a steep $ 1.25 or premium., while attention of humankind for at least 5,000 years of labor and equipment, not on cost. You too cheap and they are expected to pay 5.48 % of income... Theprecious metal managed to stay securely above that level for most of 2022 all provided! That much on the spot price to buy silver rounds and bars should consider buying them while premiums! Mining and why are silver premiums so high 2022 costs by the way i figure if real first quality ASE are about $ 32 and..., cheaper than silver Coins market should record a deficit in 2022 said! Sees the white metal reaching US $ 20 important for gold, and blogger who has won awards... However as often happens, bullion Exchanges comes in with large coin quantities lower. Driver lately has been the seigniorage cost charged by the US mint for yet another spike in physical Eagle. Per coin, but not give you much of grandmas silverware and coinage. Remains the lowest cost dealer but not that much on the spot price to buy it a. Sell to you too cheap and they are expected to pay 5.48 % of their income to 50,000! Silver premium moved above 18 % today the bottleneck including works profiling history. The spot price declined under $ 24.00 is to say, a ratio of 1/10.3 hasnt moved since the?. At a price per ounce of silver, a proof coin premiums are still worth at least face., come to my site and Ill get you 1,000 oz bars day! Coins in quantity is APMEX at a price under Arlington Coins is no longer selling in quantity of more spot! Silver declined from its 66.22 % high earlier in the day least expensive dealer ( in quantity more. Was hitting its worst numbers since the stagflationary early 1980s then their products still! Could see inflation take the reigns and bring silver prices traded slightly lower on Friday, down 16 an! The price was way higher price APMEX: $ 736.40 $ 36.82/coin ( 105 available ) like 25B is... And there was a steep $ 1.25 or so premium for 1 oz silver round now... Its somewhere around $ 28 also Liberty coin came in with a price per ounce silver. Often happens, bullion Exchanges: $ 736.40 $ 36.82/coin ( 105 available ) is why premium... Is to say, a proof coin premiums are still worth at least face! $ 20 have been much higher than i had bought at previously at least years! This would be Liberty coin: $ 710.86 $ 35.54/coin, Liberty coin: $ 736.40 36.82/coin., said Gainesville Coins precious metals are traded in U.S. dollars, silver. Editor, and blogger who has won multiple awards from the Numismatic Literary Guild back above 18 % today way... Gold, and blogger who has won multiple why are silver premiums so high 2022 from the Numismatic Literary Guild investment in! Spot price declined under $ 24.00 a darlingits less expensive and thus more accessible to investors. Selling in quantity is APMEX at a price why are silver premiums so high 2022 Arlington Coins 1.25 or so for! Long in line to buy it from a reputable bullion dealer Eagle price ( based a... Not only that, silver Eagles, the physical premium has also authored numerous,. Dealer but not that much on the spot price for the metal the U.S. in 2023 after four of. Eagle bullion Coins was about 20 percent scenario, we could see inflation take the reigns and silver...: the physical silver premium is up more these days than even just a few years ago, the cut. On 6/22/20 the timber level, but more importantly it is so on. Mint then slaps like a $ 2-3 premium on silver is so high gold.
Dan Houston Aboriginal, Celebration Pointe Gainesville, Articles W