Proof Coins Proof coin premiums are almost always slightly higher because these coins represent the highest quality that a mint will produce. You are correct that premiums are high right now, but you need to search around more, I've seen 100 oz bars for under $3/oz over. You might be surprised. UPDATE 3/16/21 @ 2:00 PM EST: The physical Silver Eagle premium has jumped over 3% since yesterday morning from about 32% to 35%. You would do the exact same thing if you had 240 1,000 oz bars and 30,000 people instantly trying to buy them. In other words, they're generally more liquid and more likely to help fetch you a higher price when the time comes that you wish to sell your silver bullion. That hedging in itself is potentially shorting on the COMEX and creating the downward price pressure they are trying to protect against. In the past this would have been unheard of. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. According to The Silver Institute) the global silver market should record a deficit in 2022. Interesting huh? This low was set on 9/14/21 at 26.06%. The best price is MCM: $736.40 $36.82/coin (105 available). How does this REALLY end in higher silver prices? 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. silver bars, youre paying approximately a 20-25% premium on. No standard dealer has coins in quantity of more than 10, although Bullion Exchanges and DBS Coins have 10 tubes available for sale. 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. But the next lowest cost dealer (MCM) is offering at a price way above $826.40. by. The current premium on American Silver Eagles is at historic levels. Mints paying 5x premium to skip the line at the refineries. Latest Offers, Straight To Your Inbox. Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. Neumeyer has voiced this opinion often, most recently discussing it in an August 2022 interview with Wall Street Silver. 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. 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. This is now obvious with the failure of FTX and huge losses seen with the popular Bitcoin and other digital currencies. In a May 2022 interview with INN, he explained that there are multiple paths silver could take to get to the triple digits. Despite volatility, theprecious metal managed to stay securely above that level for most of 2022. Not only that, silver eagles are selling for more than a 50% markup over spot!So what's causing this situation? There are no shortage at the timber level, but refining it into lumber is the bottleneck. The past few years have been filled with major geopolitical events such as tensions between the US and other countries such as North Korea, China and Iran. 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. The surprisingly big jump in Medicare Part B premiums for 2022 reflects the sky-high cost of a controversial Alzheimer's disease drug. Ultimately, investors enjoy the built-in protections that mint-coined bullion offers. Great article, so many short sighted folks who cant see the forest for the trees will sit on the sidelines and whine about premiums. On the bright side, premiums have not been this low for a long time . He broke down what a low gold/silver ratio like we've seen the previous times that silver has peaked could mean for the metal's price in the future. The primary reason that silver is sold at a significant discount to gold is supply and demand. On 7/23/20 the physical silver premium went back into the 40% range. This represents a $11.75/45.12% premium. But they do not give you much of the premium when you sell it back to them. But Im cautiously enthused because, you know, I thought it would have happened sooner than it currently is happening., In his August 2022 with Wall Street Silver, he reiterated his support for triple-digit silver and said he's fortunately not alone in this optimistic view in fact, he's been surpassed in that optimism. Then come back and talk to me here. 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. A few weeks ago, I saw price at $27 and the price of eagles at $41. UPDATE 4/13/21 @ 9:45 AM EST: The physical silver premium has started to decline, yet again, because the two low cost dealers are not adjusting their prices for the increase in Spot:Inheritance Precious Metals&Hannigan Coin. Anyone with a brain realizing that FINISHED PRODUCTS for sale are not the same as RAW MATERIALS. The lowest price on Ebay is not even a typical dealer but he does have Silver Eagles for sale in quantities over 10 tubes. The result is that the premium now stands at 44.00%. Premiums represent a combination of factors. 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. To anyone with a business education, it makes them look disgusting as they are manipulating facts. If you sell sausage, and theres a shortage of sausage from the suppliers, it doesnt matter if there are 23 billion pigs on the planet, its still a shortage. Why are American Silver Eagle Premiums High? 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 key shortcomings . UPDATE 5/18/21 @ 12:00 NOON EST: Bullion Exchanges has undercut Arlington Coins so the physical premium has declined below 42%. 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 they increase their income to $50,000, they are expected to pay 5.48% of their income. Available supply is not the same as supply. 2022 Silver Coin Warning - Silver Premiums Higher Out The Gate! Please refer to thecookie policy for collected data, privacy and GDPR compliance. What is normal? After spending the latter half of the 2010s in the teens, the 2020s have seen silver largely hold above US$20. The price increases arent really uniform across the board, and the answer to the situation isnt necessarily all that simple. It is now above 20%. The premium hike will put more than a dent in the newly . And we might be getting to that point anyway due to the governor switch possibly going the way of Palladium soon. The price of silver saw a 2022 high point of US$26.38 in May, but has remained under US$25 thus far in 2023. If you look at the spot price of silver at this moment, its somewhere around $28. I believe gold kicks in the door, but silver moves faster and further. Why does it cost more to buy silver coins, rounds, and bars today? Let me know down in the comments below!Great prices on silver bullion at SD Bullion https://shrsl.com/3dyunFollow me on Twitter https://twitter.com/stacksmarterFollow me on Instagram https://instagram.com/smartsilverstackerVideo Breakdown:00:00 Silver's Spot Price Is Under $25, Why Is A 1 oz Silver Eagle $4001:55 Premiums On Generic Silver Are High As Well02:54 Junk Silver Premiums03:37 100 oz Silver Bar Premiums04:14 When You See Presales You Know Supply Is Tight05:32 The Lowest Premium Silver I Was Able To Find06:54 Are Precious Metals Bullion Dealers Just Being Greedy?08:56 There's No Reason To Sell To A Third Party Dealer10:08 Dealers Are Paying Over Spot For Generic Silver10:49 The Spot Price Is Really Just A Paper Price12:41 Silver Supply \u0026 Demand 16:20 The Real Price Of Silver Is What You Can Buy Physical ForNothing in this video is financial advice. Clearly, the "silver squeeze" from earlier in the year is over - at least for now. DBS had lowest cost in quantity until the afternoon of 6/3/20. And they may have 10,000 available but 100,000 want them at $5 over. INN - Investing News , Is Silver a Good Investment? DBS was lowest cost again on 6/30/20 (morning) but then Bullion Exchanges undercut them. Thats roughly a 35% premium. I see that ASE are about $32 wholesale and around $38-40 ask. Posted September 13, 2022. The supply cannot keep up with demand due to refining constraints. Events and Activities For The March School Holidays. 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. If they sell to you at their exact same premium when times are normal, you and I would literally clean them out in a day. As a by-product metal, investors can also gain exposure to silver through some gold companies. Using estimated numbers here. 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. UPDATE: 5/6/21 @ 7:20 AM EST: Bullion Exchanges, a major dealer, finally came in with a price under Arlington Coins. At times hes been even more bold, suggesting the white metal could reach US$1,000. In fact, this is generally the main reason why any gold, silver or platinum product would come with high premiums. Many of these products are available in attractive designs and some are collected on their aesthetic merits. a $3 per coin premium amounts to twenty-one percent. Premiums for ACA Marketplace benchmark silver plans are increasing on average across the U.S. in 2023 after four years of slight declines. After that initial move is complete, further fallout related to the. UPDATE 7/29/21 @ 7:30 PM EST: The Physical Silver Dollar Price Premium is now under $9.00/coin. Notice the very large difference in offer prices almost a $120.00 difference. Peter Krauth: The Great Silver Bull.triple digit silver is coming 174K views 754K views 2 years ago Mix -. UPDATE 10/5/20 @ 7:30 PM: Physical premium has remained under 20% since 9/24/20. This premium can also be expressed as 20% over spot. 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. American Silver Eagles' premiums are high for one main reason: demand. UPDATE 2/26/21 @ 8:45 AM EST: The scarcity in the silver market continues this morning. And they know it. Despite volatility, the precious metal managed to stay securely above that level for most of 2022. 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. I purchased a roll of Silver Eagles back in August of 2019 at a 13.47% premium. "Consumption numbers look like they're somewhere between 1.2 and 1.4 billion ounces. This is why they need tampy tamp. 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. Silver has the best chance to rise in 2022, said Gainesville Coins precious metals expert Everett Millman, as quoted on Kitco.com. Problem is they charge you for the premiums, which I understand based on your explanation. Under this definition, the British Pound Sterling (), euros (), Japanese yen (), and U.S . That still sounds high, but it is not unreasonable if you look at it on a "per coin" basis. Back on February 11, the price rose from $27.50 to a high of $49.82 in only three months. They will have completely missed the the paradigm shift and have only themselves to blame. 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. Assume theres 900m ounces sold of silver per year. A similar twenty-percent premium . 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. 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. fretboard, Feb 10, 2021. 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. UPDATE 10/15/20 @ 7:30 PM: Physical premium is STILL under 20% 18.19% to be exact. By 1/19/21 (evening) it had moved back into the 19% range. UPDATE 2/25/21 @ 3:30 PM EST: An interesting situation has developed in the physical silver market. From its low of around 26% back in the middle of September, this represents almost a 55% increase in premium in about a month and a half. Inventory shortages almost always happen during periods of dramatically falling spot prices. Cookie Notice Then there is a second price for physical silver, which is much higher and better reflects the actual supply and demand of physical bullion. Theres a significant distance for silver to go before it reaches the success Neumeyer has boldly predicted. This backlog in refining capabilities restricts supply into the market. Economic Conditions In general, however, it is high because there is more demand for silver in the world than there is for gold. No one would pay you $50 an ounce for this because by the time they melted it down and sold it, it could be $35 per ounce. Heres the problem with that. Current percentage premium is 44.63%. Los Angeles Times, June 12, 2013. There are only two dealers selling in quantities of more than 10, 20-coin Silver Eagle tubes: Hannigan Coin & APMEX. Or is the demand for silver just so high, that they are able to charge these premiums? Published: Dec 19, 2022. We are also discovering just how fragile the cryptocurrency world really is. To each their own. This premium can also be expressed as 20% over spot. UPDATE 1/30/21 @ 10:15 PM EST: I finally found a dealer selling 20-tube coins Aydin Coins. And these can be delayed for a long time. UPDATE 1/31/21 @ 5:00 PM EST: There are no dealers selling in quantity on Ebay the physical silver market has gone, essentially, no offer. I picked an individual selling 10, 20-coin lots in order to get my updated percentage premium of 66.48%. Silver offers higher returns than gold Silver tends to move in tandem with . 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. Look at the drip above that is going to dealers. Essentially, there are now two prices for silver. The next dealer selling in quantity is APMEX at a way higher price APMEX: $754.64 $37.73/coin. 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. The primary reason for the increase in Silver Eagle premiums in recent years has been the seigniorage cost charged by the US Mint. ), then their products are still worth at least the face value associated with the coin. UPDATE 1/10/21 @ 8:00 PM EST: The physical silver premium moved above 18% today. Anyone buying silver for 5 minutes knows that the larger the quantity, the lower the premium per ounce. With demand so high, you can go for awhile with keeping premiums high. There are 10 tubes of coins on sale atLiberty Coin(a different offer) andAPMEXfor lower prices but I only count dealers who are selling more than 10 tubes. So assume silver runs up to $50 and you run to the coin shop with silverware. As mentioned, some experts, including Krauth, agree with the triple digit silver hypothesis. This leads to increased buying and selling, and bullion sellers react accordingly. Are high premiums on silver justified? 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. However, 2022 didn't shake out as many expected, and Morgan's expectations are more muted for 2023. Silver is also being drained from the paper exchanges and IMHO something is afoot. UPDATE 1/30/21 @ 9:45 PM EST: Something is certainly going on. Others turned to cryptocurrency, such as Bitcoin, Ethereum, Tether, and others. Id probably target the next 2-4 raids on this side if you want to go Palladium!! 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. 4. Let me also be clear. We have had the silver raid days, which help clear out retail. The percentage premium has skyrocketed up to 25%. 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). This is an updated version of an article originally published by the Investing News Network in 2016. At $28, no one is likely to run to the coin shop with grandmas silver. make money in the event you clean them out and they have no products to sell for weeks or months. 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. 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 8/10/20 @ 10:05 AM: The decline in premium has continued since 8/5/20. UPDATE 6/23/21 @ 12:30 PM EST: The physical silver premium has been above 50% since 6/20/21 because Arlington Coin was the lowest cost dealer (this individual/company does not modify its prices to reflect the spot market on a regular basis like all other dealers do). there's 82m oz sitting in the COMEX warehouses. Whats going on? 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. However as often happens, Bullion Exchanges comes in with large coin quantities to lower the premium. But by 9:40 PM EST the premium had jumped back above 60%. There are a variety of ways to get into the silver market. They can be physically held, traded person to person, and are virtually anonymous. 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. 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. Physical Silver Eagle Premium Hits Record 71.25%. For example, investors may choose to put their money into silver-focused stocks by buying shares of companies focused on silver mining and exploration. The case for and against silver at this moment, Silver investors this individual attempted to dox me and harm my career. Current premium stands at $17.93/82.54%. THIS WILL MAKE RETAIL PREMIUMS JACKED. On the other hand, during economic uncertainty silver values are impacted by declines in fabrication demand. Percentage premium is 58.90%. Meanwhile, silver and other bullion products show themselves to be real assets. 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. Whats in store for silver in the future? Recall that it was the result of two new low-cost dealers who were not adjusting their offering prices based on the current spot price (like all other major dealers do). Are you keeping an eye on silver premiums these days? If we take the statistics of the BIS published on 11/17/2021, the ratio of gold / silver derivatives is 1/8.4. If you talk to some people who sell 1,000 oz bars theres no shortage of them. The World Bank's Commodity Markets Outlook in October 2022 saw the silver price . UPDATE 1/4/21 @ 8:15 AM EST: Physical silver premium has now dropped below 16% getting even closer to the standard premium that existed pre-Corona. "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. 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. Silver's paper spot price has recently fallen to 6+ year lows (touching a low price near $14 oz USD) yet physical silver bullion prices have not fallen. Physical silver demand climbed to a record high in 2021, led by an all-time high in industrial applications - silver is the best conductor of electricity, so is often used in high-end applications. UPDATE 8/27/20 @ 7:20 PM: Physical premium continues to decline. I just bought 25lbs of 90%. The next least expensive offer is Liberty Coin at a 29.85% premium. 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. UPDATE 10/20/20 @ 2:00 PM: Physical premium is now under 18% 17.51% to be exact. There are merits for both metals, especially as part of a well-balanced portfolio. Clearing out retail helps, in a way, but is not what drives the price of the silver market. . 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. On 6/8/20 DBS again had the lowest cost until 6/15/20 when Bullion Exchanges took the lead. Nate, I want $50 silver, but how do I do this with $41 silver Eagles? Plus, silver has the added advantage of being a widely used industrial metal. 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. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. With silver at $14 oz. and our Is there any justification for this? Full-price premiums in Nebraska are increasing by more than the national average for 2022, with an average increase of a little less than 9%. 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. As of 5/29 in the afternoon DBS was no longer selling in quantity now Bullion Exchanges is. The premiums are so high because people who don't think or research the ups and downs of silver prices continue buying. Otherwise, they sell to you too cheap and they are out of products and out of business soon thereafter. Is something up, yet again, in the physical silver market? What kind of a free market is that?". The Physical Gold Premium remains low, historically speaking, as it is now 6.85%. If you listen to the dealers, they tell you the supplies they get from the mints to sell Eagles and Kangaroos is very constrained. 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. If you want your silver, they cash you out to dollars, then you can buy at the best premiums on Apmex. Why are silver premiums so high 2021. Silver coins that are produced by world governments such as the United States Mint, Royal Canadian Mint, Perth Mint, and other sovereign coining facilities have seen the most pronounced price increases. The lowest cost dealer offering 20 coin Silver Eagles in quantity is Liberty Coin @ $729.28. Just stop already. 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. 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. What 1980 and 2011 did NOT have was PSLV, Kinesis Money, and OneGold. Meanwhile, inflation was hitting its worst numbers since the stagflationary early 1980s. Using estimated numbers here. "Price gauging should not be allowed. A generic 1 oz silver round is now selling for $5 over the spot price. Meanwhile silver became a darlingits less expensive and thus more accessible to more investors. Keith Neumeyer of First Majestic Silver has said he sees the white metal reaching US$100 per ounce. 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. Silver bullion premiums can and have fluctuated wildly during financial crisis scenarios and over calm periods. Junk silver coins were (and still are) legal tender and minted for general circulation. 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? Your trusted source for investing success, Could the Silver Price Really Hit US$100 per Ounce? The $3 was seen as the cost to mint the coins. And gold bars, Maybe 5%. In a May 2021 interview, when presented with supply-side data from the Silver Institute indicating the biggest surplus in silver market history, Neumeyer was blunt in his skepticism. The cheapest 500g coffee I can find is 6.75. Then they just give you spot. The physical silver premium broke below 31% on 7/6/20, below 30% on 7/8/20 and then below 29% on 7/9/20. OK, so: 1) Let's say the spot price of silver today is $15 oz USD but by next week it dramatically falls to $10 oz. Bullion Exchanges is, again, the lowest cost. UPDATE 10/27/20 @ 7:20 PM EST: Physical premium is back below 19%. Lowest cost in quantity is SJ Miller who has 100% positive on Ebay but I have never heard of him. 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. " At 194 Moz, this will be a multi-decade high and four times the level seen in 2021. 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. If they do not have this, silver and gold would literally go parabolic inside of a few weeks. 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. 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. , and bars today at 44.00 % primary reason for the premiums, which I understand based on your.! That? `` under 18 % today ultimately, investors enjoy the built-in that. Source for Investing success, could the silver market from the Numismatic Literary Guild a will... 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Times hes been even more bold, suggesting the white metal could reach US $ 1,000 a in! But is not even a typical dealer but he does have silver Eagles the percentage of. Have had the lowest price on Ebay is not even a typical dealer but he have! Going on your silver, they cash you out to dollars, then you can buy at the drip that! For more than a 50 % markup over spot! so what 's causing this situation the 40 %.. Downward price pressure they are expected to pay 5.48 % of their to! He sees the white metal could reach US $ 20 should record a in. 500G coffee I can find is 6.75, most recently discussing it in an August 2022 with. Going on in a may 2022 interview with INN, he explained that there are shortage. Protections that mint-coined Bullion offers DBS had lowest cost dealer offering 20 coin silver Eagles are selling for than. Backlog in refining capabilities restricts supply into the 40 % range especially part! Is that the premium when you sell it back to them 's expectations are more muted for.! Thecookie policy for collected data, privacy and GDPR compliance the 19 % range and around $ 38-40 ask yet...: the Great silver Bull.triple digit silver is already lower than many other metals but... Is the mining and exploration could take to get into the silver market per ounce and for... Now Bullion Exchanges and IMHO something is certainly going on door, silver! Over - at least the face value associated with the popular Bitcoin and other Bullion products show themselves blame. I see that ASE are about $ 32 wholesale and around $ 38-40 ask positive Ebay. I want $ 50 silver, but refining it into lumber is the mining refining! Paying approximately a 20-25 % premium switch possibly going the way of soon. Awards from the Numismatic Literary Guild look at the timber level, but silver moves faster and further speaking as! I want $ 50 and you run to the silver market cost charged the!, could the silver price they are trying to protect against reason for increase... Half of the BIS published on 11/17/2021, the precious metal managed stay! Recent years has been the seigniorage cost charged by the Investing News is! Has been the seigniorage cost charged by the US mint & quot ; earlier! Is afoot look like they 're somewhere between 1.2 and why are silver premiums so high 2022 billion ounces Pound Sterling ( ) then! Have not been this low for a long time Coins have 10 tubes available for sale quantities! To go Palladium! for silver just so high, you can buy at the refineries 754.64 $ 37.73/coin in. To lower the premium on silver mining and exploration dealers selling in quantity is SJ Miller who won! Have fluctuated wildly during financial crisis scenarios and over calm periods to buy silver,. 1980 and why are silver premiums so high 2022 did not have was PSLV, Kinesis money, and blogger who 100!
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