Interesting huh? Meanwhile, precious metals are showing, as they usually do, that they usually weather economic storms more soundly than so many other investments. But if you, the consumer, feel costs + premium are too high, then look to other avenues to buy. Know that the correct answer will depend upon your objectives mostly. 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. (Updated 2022). Looks like the craziness has passed sort of for now. As long as Arlington is in the market selling Silver Eagles, the physical premium will be artificially suppressed. The Physical Gold Premium remains low, historically speaking, as it is now 6.85%. This leads to increased buying and selling, and bullion sellers react accordingly. UPDATE 10/28/20 @ 7:20 PM EST: Physical premium is back above 20%. And these can be delayed for a long time. This premium can also be expressed as 20% over spot. So, if the silver price does rise, how high will it go? Don't be the last to know about the latest deals 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. Companies involved in silver mining rarely do so as their main objective. Tiggre agrees with this long-term outlook. Whats going on? 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). As many analysts point out, silver has been known to outperform its sister metal gold during times of economic prosperity and expansion. First, lets dive a little deeper into Neumeyers US$100 prediction. As mentioned, some experts, including Krauth, agree with the triple digit silver hypothesis. Others turned to cryptocurrency, such as Bitcoin, Ethereum, Tether, and others. This is an updated version of an article originally published by the Investing News Network in 2016. Silver and gold in particular saw monumental performance in the months that followed COVID reaching the dreaded pandemic status. 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%. On 3/5/21 there were only two dealer offering in quantity but now there are three and some have multiple offers. If we continue to pound PSLV and those types of instruments, we blow through $50 silver like a hot knife through butter and continued pressure may make Palladium jealous of the results that come from this. UPDATE 10/25/20 @ 7:00 PM EST: Physical premium jumped up over 18% this evening up to 18.71%. On 6/8/20 DBS again had the lowest cost until 6/15/20 when Bullion Exchanges took the lead. 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. While not all silver market watchers anticipate a triple-digit silver price in the near future, there is support for Neumeyers belief that the metal is undervalued and that ideal conditions are present for silver prices to rise., Many are on board with Neumeyer in the idea that silver's prospects are bright, including Peter Krauth of Silver Stock Investor, who believes that "we are very likely going to experience the greatest silver bull market of our generation.". The above charts show the physical silver premium over spot based on the prices from GoldPrice.Org and the Ebay Dealer Price for a roll of 20 Silver Eagles (selling in quantities of more than 10, 20-coin tubes). This low was set on 9/14/21 at 26.06%. Today's American Silver Eagle coins (1986-present) produced by the United States Mint are legal tender but consist . By 1:30 the premium had moved over 60%. Some premiums have been much higher than this example lately. "I'm not quite sure I'm at the level. Lowest cost in quantity is SJ Miller who has 100% positive on Ebay but I have never heard of him. 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. THIS WILL MAKE RETAIL PREMIUMS JACKED. UPDATE 5/18/21 @ 7:30 AM EST: Arlington Coins is back in as the lowest dealer in quantity (more than 10 available). Using estimated numbers here. 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. The primary reason for the increase in Silver Eagle premiums in recent years has been the seigniorage cost charged by the US Mint. Is there any justification for this? 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. How to prepare against a currency collapse. 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. Go to your favorite online dealer. The surprisingly big jump in Medicare Part B premiums for 2022 reflects the sky-high cost of a controversial Alzheimer's disease drug. Keith Neumeyer of First Majestic Silver has said he sees the white metal reaching US$100 per ounce. NOTE: Daily graph is updated once per day. Inventory shortages almost always happen during periods of dramatically falling spot prices. The truth is not that at all. 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. Venue: Eastpoint Mall. https://www.youtube.com/watch?v=vtsgRJGNYGsWhy are premiums on silver bullion so high? UPDATE 3/5/21 @ 7:40 AM EST: The scarcity in the physical silver market is back. 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. Not sure what that is all about except to say that physical inventory must be pretty tight. UPDATE 2/1/21 @ 11:50 AM EST: There are no dealers on Ebay selling 20-coin tubes in quantities over 10. Despite volatility, the precious metal managed to stay securely above that level for most of 2022. Bullion Exchanges was the least expensive dealer (in quantity) beginning 6/19/20 until DBS (briefly) took the lead on 6/22/20. "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. 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. DBS Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. If you look at the spot price of silver at this moment, it's somewhere around $28. Buy OneGold that says that it is allocated and a Sprott product. Support them. UPDATE 5/7/21 @ 7:20 AM EST: Arlington Coins is no longer selling in quantity (only 9 tubes left). They just keep raising it, and over time that increase has been fairly substantial. In an extreme scenario, we could see inflation take the reigns and bring silver prices over the $100 mark. UPDATE: 4/16/21 @ 7:20 AM EST: A slight break in the physical silver market as I notice that a smaller dealer, Arlington Coins, is offering at $743.75 $37.18/coin. Does gold store energy? Now it is Liberty Coin. In short silver premiums have increased due to a recent combination of higher Silver Bullion Demand & lower Silver Bullion Supplies. Here is the breakdown of availability for 20-coin silver lots from Ebay at 7:55 PM on 8/3/20: The large drop in premium from 8/4/20 to the morning of 8/5/20 is the result of. But anyone, really, can go to the COMEX today and take off millions of ounces. In fact, this is generally the main reason why any gold, silver or platinum product would come with high premiums. DBS came back in as lowest price dealer on the morning of 7/30/20 so the premium declined back to the low 40% range. It is also harbored by preppers and survivalists who believe silver has trading potential should the monetary system as we know it collapse. For example, investors may choose to put their money into silver-focused stocks by buying shares of companies focused on silver mining and exploration. This backlog in refining capabilities restricts supply into the market. Many of these products are available in attractive designs and some are collected on their aesthetic merits. This accounts for yet another spike in physical silver premiums to almost 60%. And they know it. And perhaps go Palladium and hit $100-$200 silver beyond that. It was during this time that Neumeyer himself invested heavily in mining stocks and came out on top. If the demand for silver is so high, why hasnt the spot price reflected us? UPDATE 1/31/21 @ 2:00 PM EST: Aydin Coin is sold out. 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. 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. Los Angeles Times, June 12, 2013. Sure, it has pretty much always cost more than spot price to buy silver in the retail market. UPDATE 1/24/21 @ 7:05 PM EST: The physical silver premium has moved above 20% for the first time since 11/11/20. 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. there's 82m oz sitting in the COMEX warehouses. Silver bullion premiums can and have fluctuated wildly during financial crisis scenarios and over calm periods. The silver squeeze will then be the blueprint for the gold squeeze. Mike Maloney told me the seigniorage on Silver Eagles is 50% higher today than when he started GoldSilver in 2005. During other months, silver and gold prices tend to have more volatility. ), cryptocurrency (dont forget FTX! 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. We are also discovering just how fragile the cryptocurrency world really is. If they do not have this, silver and gold would literally go parabolic inside of a few weeks. 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. The premiums are so high because people who don't think or research the ups and downs of silver prices continue buying. Ordinarily I dont include mixed rolls in my calculations but this dealer has 100% positive feedback and over 11,000 ratings so appears to be legit. 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. You would do the exact same thing if you had 240 1,000 oz bars and 30,000 people instantly trying to buy them. When Palladium broke the tampy tamp, then it went nuts. 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. This moves price higher to meet that 10,000 available and find the equilibrium. Silver is, of course, the more volatile of the two precious metals, but nevertheless it often trades in relative tandem with gold. There are only two dealers selling in quantities of more than 10, 20-coin Silver Eagle tubes: Hannigan Coin & APMEX. UPDATE 10/20/20 @ 2:00 PM: Physical premium is now under 18% 17.51% to be exact. "Last time we got near US$30, very close to it. UPDATE 6/15/22 @ 1:00 PM EST: Liberty Coinis thelowest cost dealer selling in quantities of over 10, 20-coin tubes. 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. 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? Rates for 2022 will be finalized later this month, Baillio said. 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. APMEX Confirms Tight Physical Market forSilver, Physical Gold Eagle Premium Approaches14%. that's a 255% premium. Bullion Exchanges, a major dealer, is now the lowest cost dealer selling in quantity. Anyone with a brain realizing that FINISHED PRODUCTS for sale are not the same as RAW MATERIALS. Or is the demand for silver just so high, that they are able to charge these premiums? 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. That's because when rates are higher interest shifts to products that can accrue interest. make money in the event you clean them out and they have no products to sell for weeks or months. As a result, silver bullion is more practical and versatile, making this type of silver investment more appealing. When investing in silver of any form, be sure to buy it from a reputable bullion dealer. Why are American Silver Eagle Premiums High? The physical silver premium broke below 35% on 6/25/20. The premium now stands at 32.19%. Posted on 07/11/2022 by 07/11/2022 by The coin is struck using special dies. 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. Nonetheless, well-known figure Keith Neumeyer, CEO of First Majestic Silver (TSX: FR. Bullion Exchanges had 6 lots of 2020 Eagles @ $674.86/each and DBS had 10 lots @ $677.97/each. From interesting classes to supermarket hunt, children can expect lots of exciting fun at . Using estimated numbers here. The bullion content is guaranteed by these longstanding names. 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. So assume silver runs up to $50 and you run to the coin shop with silverware. And then they have to wait weeks or months in order to get more product from the distributors. UPDATE 8/24/22 @ 4:40 PM EST: The American Silver Eagle Premium remained at over 100% from 7/20 through 7/27. 1. PSLV is indeed draining 1,000 oz bars from the market. The supply cannot keep up with demand due to refining constraints. 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. UPDATE 5/17/22 @ 1:15 PM EST: The Physical Silver Premium jumped above 80% this morning and continues to remain elevated. 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). UPDATE 7/6/22 @ 6:30 PM EST: The American Silver Eagle Premium almost hits 100% highest since I began keeping track. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. On March 12th, the DJIA dropped another 2,353 points for a 1-day loss of barely under 10%. Then, on 1/18/21, it plunged under 17% early before returning back above 18% by the evening. The truth is they have a spigot providing them small amounts than cannot keep up with demand. "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. 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. Junk silver coins were (and still are) legal tender and minted for general circulation. Clearing out retail helps, in a way, but is not what drives the price of the silver market. UPDATE 12/18/20 @ 9:35 PM EST: Physical silver premium has now dropped below 17%. But Will It Last? 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. This forces THEIR prices higher. Bullion Exchanges is, again, the lowest cost. Let me translate. DBS Coin: $710.86 $35.54/coin, Liberty Coin: $712.97 $35.64/coin and Bullion Exchanges: $714.52 $35.72/coin. On the bright side, premiums have not been this low for a long time . The relatively high premiums from such a . 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 premium on a silver product is the amount of money above the spot price of silver that the product costs. 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. Scroll. I recently used them and there was a steep $1.25 or so premium for an allocated vault product. 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. Problem is, the rabid demand will outstrip available product coming in that can be sent to retail. The increase of their expected contribution toward ACA health insurance, and the corresponding decrease in their premium tax credit will be: $50,000 * 5.48% - $40,000 * 3.18% = $1,468. Modern Coin Mart (MCM) is offering a price well below all other competitors. Currently there are only two dealers offering Physical Eagles in 20-tube quantities of more than 10 offers. They tell you, come to my site and Ill get you 1,000 oz bars all day long. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. Required fields are marked *. This is now obvious with the failure of FTX and huge losses seen with the popular Bitcoin and other digital currencies. The silver price made waves in 2020 when it rose above US$20 per ounce for the first time in four years. 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. UPDATE 1/15/21 @ 10:00 PM EST: The physical silver premium moved over 19% by the end of day but by 1/17/21 @ 7:55 PM it had dropped into the 18% range. So what is given to the dealers from the distributor is very little supply, and a RAGING demand. Are you keeping an eye on silver premiums these days? In the past this would have been unheard of. Why are silver premiums so high 2021. UPDATE 3/20/21 @ 1:45 PM EST: Sometime over the past 24 hours, DBS Coin finally came in with a low offer for Silver Eagles which has brought the premium all of the way back down to the mid 30% range. From a longer-term lens, Matt Watson, founder of Precious Metals Commodity Management, thinks that over the next decade silver will benefit greatly from increased industrial demand, particularly from the electric vehicle, solar photovoltaic and electronics industries. It appears as though this uncertainty could create a good set-up for "poor-man's gold" in 2022. Why are silver premiums so incredibly high? The physical premium percentage moved over 45% while the Spot price declined under $24.00. "It is so cheap relative to other metals and other. The case for and against silver at this moment, Silver investors this individual attempted to dox me and harm my career. Now time to light the fuse of the powderkeg. 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. 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. "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. All information provided for educational and entertainment purposes only. "We'll have to see what happens," he said at the end of 2022. However, premium changes vary by . That's due to all the great technologies, all the newfangled gadgets that we're consuming. Premiums for ACA Marketplace benchmark silver plans are increasing on average across the U.S. in 2023 after four years of slight declines. But in advance of these, you see premiums go sky high. The above is showing you what the deal is and why your favorite dealer may be gouging you. Id probably target the next 2-4 raids on this side if you want to go Palladium!! For more information, please see our It dipped below on 1/14/21 but regained the 18% level by the morning or 1/15/21. I have never used this dealer as a price source before on Ebay but it is the lowest cost dealer currently. UPDATE 9/29/21 @ 4:15 PM EST: The Physical Silver Premium has bounced almost 25% off of its recent low. MCM was all sold out and the lowest cost dealer is now Bullion Exchanges. DBS Coin is the lowest price dealer now. The lowest cost dealer offering 20 coin Silver Eagles in quantity is Liberty Coin @ $729.28. In order to lower premiums, you have to spend elsewhere to allow them to reduce buying pressures and normalize inventory and operations. One of the most popular options for buying silver at a cheaper price is to purchase silver bars and rounds. Result, silver investors this individual attempted to dox me and harm my.... 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