Your email address will not be published. Anyone with a brain realizing that FINISHED PRODUCTS for sale are not the same as RAW MATERIALS. Dont buy on a raid day unless you absolutely love the idea of paying stupid high premiums. 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%. The relatively high premiums from such a . 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. This may have something to do with what is happening on the Robinhood platform. 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. Then they just give you spot. But the next lowest cost dealer (MCM) is offering at a price way above $826.40. The lowest price on Ebay is not even a typical dealer but he does have Silver Eagles for sale in quantities over 10 tubes. If they increase their income to $50,000, they are expected to pay 5.48% of their income. I just bought 25lbs of 90%. There are a variety of ways to get into the silver market. 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. there's 82m oz sitting in the COMEX warehouses. It dipped below on 1/14/21 but regained the 18% level by the morning or 1/15/21. The highest price for silver was just under US$50 in the 1970s, and it came close to that level again in 2011. Companies involved in silver mining rarely do so as their main objective. Looking first at the Fed and interest rates, it's useful to understand that higher rates are generally negative for gold and silver, while lower rates tend to be positive. However, 2022 didn't shake out as many expected, and Morgan's expectations are more muted for 2023. This potentially is what is in store for gold and silver soon. The next dealer selling in quantity is APMEX at a way higher price APMEX: $754.64 $37.73/coin. And of course, for those who prefer a more tangible investment, purchasing physical silver bullion in bar and coin form is also an option. American Silver Eagles' premiums are high for one main reason: demand. That is to say, a ratio of 1/10.3. 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. This would be Liberty Coin $685.38 $34.27/coin & APMEX: $804.74 $40.23/coin. High premiums are proof that stackers were wise to stack all these years. UPDATE: 5/6/21 @ 7:20 AM EST: Bullion Exchanges, a major dealer, finally came in with a price under Arlington Coins. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. The lowest cost dealer offering 20 coin Silver Eagles in quantity is Liberty Coin @ $729.28. Get your metals now. It appears, once again, that physical silver has gone no offer. I was using the APMEX physical price this morning (even though it had limited quantities) but now DBS has some 20-coin tubes. First, a proof coin is simply more expensive to make. Looks like the craziness has passed sort of for now. 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. 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. 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. 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. 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. UPDATE 2/26/21 @ 8:45 AM EST: The scarcity in the silver market continues this morning. Stay tuned. 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. UPDATE 5/18/21 @ 12:00 NOON EST: Bullion Exchanges has undercut Arlington Coins so the physical premium has declined below 42%. The same cant be said for those who invest in stocks (remember Enron? Time for me to start leaving silver behind in favor of gold. If you want product in your hands for the if you dont hold it, you dont own it crowd, buy now. Lowest cost in quantity is SJ Miller who has 100% positive on Ebay but I have never heard of him. "We'll have to see what happens," he said at the end of 2022. That still sounds high, but it is not unreasonable if you look at it on a "per coin" basis. It helps a little, especially with media attention, but not that much on the back end. 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. UPDATE 10/25/20 @ 7:00 PM EST: Physical premium jumped up over 18% this evening up to 18.71%. Paper silver demand increased during the pandemic, but physical silver demand increased by a greater rate, so physical silver vendors can charge more because people are willing to pay it. But they do not give you much of the premium when you sell it back to them. The massive amount of available silver has not been met with heightened demand, which has kept prices low. Physical Gold Premium vs. Spot Price A tradingsignal? So by the way I figure if real first quality ASE are $40 then the GSR is $2000/40 or 50 to 1. "Price gauging should not be allowed. Mike Maloney told me the seigniorage on Silver Eagles is 50% higher today than when he started GoldSilver in 2005. by. All these technologies require silver That's a pretty big (supply) deficit.". But imagine Monique's surprise when her renewal notice showed that her after-subsidy premium would be going from $0/month in 2021 to $226/month in 2022. UPDATE 4/9/21 @ 9:15 AM EST: The brief decline in the physical silver price earlier in the week has ended. After that there are plenty of other dealers offering 20-coin lots for under $800.00. They tell you, come to my site and Ill get you 1,000 oz bars all day long. UPDATE 7/29/21 @ 7:30 PM EST: The Physical Silver Dollar Price Premium is now under $9.00/coin. For that reason, its helpful to look at gold price drivers when trying to understand silvers price action. 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). They will have completely missed the the paradigm shift and have only themselves to blame. 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. 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. "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 for a few reasons. 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. Go down to a community college. The strength of the US dollar and US Federal Reserve interest rate changes are factors that will continue to affect the precious metal, as are geopolitical issues and supply and demand dynamics. fretboard, Feb 10, 2021. In August 2020, the price of silver reached nearly US$28.50 before pulling back again, and moved back up near those heights in February 2021. These retail companies have a business to run. Show an investor the value they are getting by buying your product at a lower premium and how buying these bars takes them out of big banks. Currently, they are able to increase their spread by five to ten times, Hug said. Its not. 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. that's a 255% premium. 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. Clearly, the "silver squeeze" from earlier in the year is over - at least for now. Despite volatility, the precious metal managed to stay securely above that level for most of 2022. Refining capability. UPDATE 10/28/20 @ 7:20 PM EST: Physical premium is back above 20%. Not sure what that is all about except to say that physical inventory must be pretty tight. April 27, 2022 10:33AM. Meanwhile silver became a darlingits less expensive and thus more accessible to more investors. Are high premiums on silver justified? You can take delivery of 100 oz bars, minimum of 200 oz. MCM has 48, 20-coin lots for sale @ $747.80/each (2015), 16, 20-coin lots @ $752.80/each (2013) and 19, 20-coin lots @ $764.00/each (2016). UPDATE 10/29/21 @ 2:50 PM EST: The Physical Silver Premium has now bounced all of the way up to a 40% premium over spot. They can be physically held, traded person to person, and are virtually anonymous. Don't be the last to know about the latest deals and new product arrivals. NOTE: Daily graph is updated once per day. PSLV is indeed draining 1,000 oz bars from the market. 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. UPDATE 1/30/21 @ 10:15 PM EST: I finally found a dealer selling 20-tube coins Aydin Coins. UPDATE: 4/23/21 @ 7:20 AM EST: Arlington Coins has increased its offer price by $20.00/tube which has led to an increase in the physical silver premium to over 46%. Are you keeping an eye on silver premiums these days? This then goes to distributors who have a mark up, then get to the end dealer to sell. Is there any justification for this? The Tesla and SpaceX founder told investors, in his experience, it's "better to own physical things than dollars when inflation is high." Buy PSLV or another ETF that you trust. Why does it cost more to buy silver coins, rounds, and bars today? Some may mark up prices to prevent running out of inventory, or to capture profits. They are really smart people who are saying really dumb things to talk down to the uneducated and drive a dishonest media narrative. Electric vehicles, solar panels, windmills, you name it. This premium can also be expressed as 20% over spot. 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. The next least expensive offer is Liberty Coin at a 29.85% premium. In short silver premiums have increased due to a recent combination of higher Silver Bullion Demand & lower Silver Bullion Supplies. However, I still find it interesting how there is a large jump in cost from the two low-cost dealers (DBS & Liberty Coin) and the others (MCM & APMEX). How to prepare against a currency collapse. 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. On 8/24 it dipped back down to 71.84%. Nonetheless, well-known figure Keith Neumeyer, CEO of First Majestic Silver (TSX: FR. UPDATE 4/15/21 @ 7:40 PM EST: The physical silver market is getting very tight. 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. Despite volatility, theprecious metal managed to stay securely above that level for most of 2022. /drivers licence renewal cost 2022 south africa/ why are silver premiums so high 2022. flask-socketio, namespace why are silver premiums so high 2022. UPDATE 3/5/21 @ 7:40 AM EST: The scarcity in the physical silver market is back. Mints paying 5x premium to skip the line at the refineries. UPDATE 1/24/21 @ 7:05 PM EST: The physical silver premium has moved above 20% for the first time since 11/11/20. 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. HISTORICAL DEVELOPMENTS IN THE PHYSICAL SILVER PREMIUM MARKET. There are only two dealers selling in quantities of more than 10, 20-coin Silver Eagle tubes: Hannigan Coin & APMEX. On 6/8/20 DBS again had the lowest cost until 6/15/20 when Bullion Exchanges took the lead. Current percentage premium is 44.63%. If you want your silver, they cash you out to dollars, then you can buy at the best premiums on Apmex. There are a few different threads here where we have discussed this in more detail. Keith Neumeyer of First Majestic Silver has said he sees the white metal reaching US$100 per ounce. Join us today for FREE! 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. Instead, they were keeping their prices fixed. By 1/19/21 (evening) it had moved back into the 19% range. Bullion Exchanges was the least expensive dealer (in quantity) beginning 6/19/20 until DBS (briefly) took the lead on 6/22/20. Bullion Exchanges is, again, the lowest cost. 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. Give me US$50 first and we'll see what happens after that. The premium hike will put more than a dent in the newly . 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. Bullion premiums spike as a consequence. And they may have 10,000 available but 100,000 want them at $5 over. Stuntman, Arganto, dikefalos and 1 other. What is normal? Yeah, that seems to make sense . Reddit and its partners use cookies and similar technologies to provide you with a better experience. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. 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. But if you go into these markets and listen to the people who are telling you bullion dealers are gouging you due to fake shortage are selling you a product they perhaps marked up 5-16x on premiums. And gold bars, Maybe 5%. I added good amount of physical silver after the Covid outbreak and offset premiums by adding an additional 50% through OneGold. For more information, please see our UPDATE 1/10/21 @ 8:00 PM EST: The physical silver premium moved above 18% today. Create a free website or blog at WordPress.com. Silver and gold are the types of things that as price rises, people pile into it. Bullion Exchanges had 6 lots of 2020 Eagles @ $674.86/each and DBS had 10 lots @ $677.97/each. Is something up, yet again, in the physical silver market? At $28, no one is likely to run to the coin shop with grandmas silver. Today's American Silver Eagle coins (1986-present) produced by the United States Mint are legal tender but consist . Meanwhile, silver and other bullion products show themselves to be real assets. By continuing to browse the site, you agree to our use of cookies. 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. This means that the current premium for American Silver Eagles is $18.41/coin (87.92%). Thank You! Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. 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%. INN - Investing News , Is Silver a Good Investment? This is now obvious with the failure of FTX and huge losses seen with the popular Bitcoin and other digital currencies. UPDATE 8/27/20 @ 7:20 PM: Physical premium continues to decline. Venue: Eastpoint Mall. 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. Enroll in economics 101. 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. The increased demand has thus pushed silver premiums to higher levels. Posted on 07/11/2022 by 07/11/2022 by Next lowest cost standard dealer in quantities of over 10, 20-coin tubes is Liberty Coin. The coin is struck using special dies. Many experts in the space expect silver to perform strongly in the years to come, but don't necessarily see it reaching US$100 or more, especially given the current macroeconomic conditions. Many people with stakes in the stock market panicked and began moving their money into alternative investments. UPDATE 8/19/20 @ 9:10 AM: Liberty Coin came in with very low prices on a lot of 20 coins so the premium plunged this morning down to near 26.00% before rebounding above 27% later in the day. At least this has been the case since I started to closely follow the Ebay market since last Spring. UPDATE 1/28/21 @ 12:00 NOON EST: Physical silver premium declined into the low 18% range until the evening of 1/29/21 when it moved above 19%. This low was set on 9/14/21 at 26.06%. This premium can also be expressed as 20% over spot. As a by-product metal, investors can also gain exposure to silver through some gold companies. The American Silver Eagle proofs carry a significant premium over the spot silver price. THAT is in 1,000 oz bars. So assume silver runs up to $50 and you run to the coin shop with silverware. What 1980 and 2011 did NOT have was PSLV, Kinesis Money, and OneGold. The current gold to silver price ratio of 1/76 is an historic outlier. 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. I think not lets take a look at what it actually DOES store! UPDATE 10/20/20 @ 2:00 PM: Physical premium is now under 18% 17.51% to be exact. 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. But Will It Last? If you WANT to wipe out silver supply clearing out retail isnt exactly the most efficient way of doing it. If the demand for silver is so high, why hasnt the spot price reflected us? UPDATE @ 9:10 AM EST: Sure enough, DBS Coin came in as the lowest cost dealer $673.38/$33.67 per coin. Not sure if this will last throughout the day because, quite often, DBS Coin comes in with very low prices later in the day. After spending the latter half of the 2010s in the teens, the 2020s have seen silver largely hold above US$20. UPDATE 2/1/21 @ 11:50 AM EST: There are no dealers on Ebay selling 20-coin tubes in quantities over 10. 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. As of 5/29 in the afternoon DBS was no longer selling in quantity now Bullion Exchanges is. Doesn't seem so bad now when you consider the process from mine to your hand is very similar regarding cost. That hedging in itself is potentially shorting on the COMEX and creating the downward price pressure they are trying to protect against. The physical silver premium broke below 40% on the evening of 6/16/20. A generic 1 oz silver round is now selling for $5 over the spot price. If you listen to the dealers, they tell you the supplies they get from the mints to sell Eagles and Kangaroos is very constrained. 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. Using estimated numbers here. This represents about 15% of the $10,000 increase in their income. If we see $50 silver, refineries are about to be crushed with grandmas tea sets. Rates for 2022 will be finalized later this month, Baillio said. " At 194 Moz, this will be a multi-decade high and four times the level seen in 2021. Premiums for ACA Marketplace benchmark silver plans are increasing on average across the U.S. in 2023 after four years of slight declines. Go to your favorite online dealer. Great article, so many short sighted folks who cant see the forest for the trees will sit on the sidelines and whine about premiums. 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. One of the most popular options for buying silver at a cheaper price is to purchase silver bars and rounds. 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. 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%. Rounds, and bars today Ebay selling 20-coin tubes in quantities of more than a dent in the newly earlier! Figure Keith Neumeyer of first Majestic silver has not been met with heightened demand, has! 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