Give me US$50 first and we'll see what happens after that. DBS Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. UPDATE 3/12/22 @ 3:00 PM EST: The Physical Silver Premium spiked this past week almost as high as 50% it now stands at 41.51%. Rostin Behnam of the (Commodity Futures Trading Commission) came out and said they had to tamp down the silver market. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. UPDATE 1/30/21 @ 9:45 PM EST: Something is certainly going on. 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. Don't be the last to know about the latest deals and new product arrivals. In periods of high demand, premiums for a given silver product are likely to increase. DBS had lowest cost in quantity until the afternoon of 6/3/20. Currently, they are able to increase their spread by five to ten times, Hug said. a $3 per coin premium amounts to twenty-one percent. Dont forget to follow us @INN_Resource for real-time news updates! Are dealers being greedy and ripping stackers off? They can be physically held, traded person to person, and are virtually anonymous. Don't forget the $50M PM purchase recently that took a huge number of ASE's (plus gold) off the market. The silver squeeze will then be the blueprint for the gold squeeze. That's roughly a 35% premium. If you talk to some people who sell 1,000 oz bars theres no shortage of them. 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. American Silver Eagles' premiums are high for one main reason: demand. In an extreme scenario, we could see inflation take the reigns and bring silver prices over the $100 mark. When investing in silver of any form, be sure to buy it from a reputable bullion dealer. Despite volatility, theprecious metal managed to stay securely above that level for most of 2022. Essentially, there are now two prices for silver. Current percentage premium is under 24%. I think not lets take a look at what it actually DOES store! And thats 1,000 oz bars. Time for me to start leaving silver behind in favor of gold. and Jeffrey Christian is a smart guy and he knows this, and his smug and condescending tones to you is to convince you that this supply is available at any price point. 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. 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. This represents about 15% of the $10,000 increase in their income. Ultimately, investors enjoy the built-in protections that mint-coined bullion offers. 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. . Inventory shortages almost always happen during periods of dramatically falling spot prices. Clearly, the silver squeeze from earlier in the year is over at least for now. After spending the latter half of the 2010s in the teens, the 2020s have seen silver largely hold above US$20. 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. I could not find any 20 coin tube for sale on Ebay from major dealers in any quantity at all. Instead, they were keeping their prices fixed. 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. This is why the premium on physical silver declined from its 66.22% high earlier in the day. Scroll. This is an updated version of an article originally published by the Investing News Network in 2016. Know that the correct answer will depend upon your objectives mostly. 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. And they may have 10,000 available but 100,000 want them at $5 over. This then goes to distributors who have a mark up, then get to the end dealer to sell. Many people with stakes in the stock market panicked and began moving their money into alternative investments. The highest price for silver was just under US$50 in the 1970s, and it came close to that level again in 2011. 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. I think it is asinine to call out bullion dealers as bad people or crooks because YOU are about to wipe them out of inventory and THEY need to protect their business. Required fields are marked *. Today's American Silver Eagle coins (1986-present) produced by the United States Mint are legal tender but consist . Don't be the last to know about the latest deals UPDATE 7/27/21 @ 1:10 PM EST: The Physical Silver Dollar Premium has slipped below $10.00 for the first time since 3/22/21. UPDATE 1/30/21 @ 10:15 PM EST: I finally found a dealer selling 20-tube coins Aydin Coins. Nonetheless, well-known figure Keith Neumeyer, CEO of First Majestic Silver (TSX: FR. Back in February 2022, David Morgan of the Morgan Report told INN he thought there was potential for silver to hit US$50 in the short term, as high levels of stock market volatility could make the white metal more attractive to investors and might drive it up over the US$30 mark. If you look at the spot price of silver at this moment, its somewhere around $28. This potentially is what is in store for gold and silver soon. The physical silver premium jumped from 25% to almost 35% on 7/21/20, but by the next morning it was lower than it has ever been 24.20%. Refinery may be backed up. The current premium has declined to 44.02%. Consider that in 2021, we saw inflation rates averaging around 5%, which was the highest rate . UPDATE 5/17/22 @ 1:15 PM EST: The Physical Silver Premium jumped above 80% this morning and continues to remain elevated. 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. 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. 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. and new product arrivals. Edit: Im aware 1,000 oz bars are not going through your local coin shops I just wanted to show a point of sale before things go to the refineries to then be turned into finished products. If you WANT to wipe out silver supply clearing out retail isnt exactly the most efficient way of doing it. They are NOT in the business of running a charity. Bullion Exchanges had 6 lots of 2020 Eagles @ $674.86/each and DBS had 10 lots @ $677.97/each. The Physical Silver Percentage Premium has also dipped below 40%. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. Are high premiums on silver justified? YOU love their product. The same cant be said for those who invest in stocks (remember Enron? 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). A few weeks ago, I saw price at $27 and the price of eagles at $41. This is for a few reasons. I think theyll get to buy at <10% premiums once the suppressed spot prices and the actual real world market value equalize. This low was set on 9/14/21 at 26.06%. Bullion Exchanges, a major dealer, is now the lowest cost dealer selling in quantity. Then come back and talk to me here. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. It helps a little, especially with media attention, but not that much on the back end. 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. However as often happens, Bullion Exchanges comes in with large coin quantities to lower the premium. What kind of a free market is that?". Percentage premium is 58.90%. UPDATE 2/26/21 @ 8:45 AM EST: The scarcity in the silver market continues this morning. Assume theres 900m ounces sold of silver per year. If you want product in your hands for the if you dont hold it, you dont own it crowd, buy now. I had to go the second page of Ebay results to find the lowest cost. American Gold/Silver Eagle Physical Premium Over Spot. Bullion Exchanges is, again, the lowest cost. So, if the silver price does rise, how high will it go? 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? Junk silver coins were (and still are) legal tender and minted for general circulation. The truth is they have a spigot providing them small amounts than cannot keep up with demand. Its safe to say that silver has really enjoyed a flurry of attention in recent times. 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. But why would THEY have such high premiums? UPDATE 7/1/21 @ 11:50 AM EST: Once again, Arlington Coin is the lowest price dealer selling in quantity so the percentage premium has shot back above 50%. It remains the lowest cost dealer but not by much. 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. 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. This was followed by a series of days in the high 90% range (8/5 8/9). 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. But in advance of these, you see premiums go sky high. Let me also be clear. $50 silver, coin dealer, gold, refinery, silver, silversqueeze. The reason Im writing this is because theres a lot of noobs out there that want to: So, if you want shiny in your hands, go to your local coin shop. They LOVE their product. This is anticipating people wiping out their stocks. 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. Stuntman, Arganto, dikefalos and 1 other. 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. In fact, this is generally the main reason why any gold, silver or platinum product would come with high premiums. 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. Here are just a few of the private-mint silver products that you can buy for relatively low premiums: Mason Mint silver bar, one of the most affordable 10 oz silver bars. The coin is struck using special dies. Theres a significant distance for silver to go before it reaches the success Neumeyer has boldly predicted. 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. And they know it. Nov 2022 07. difference between sin and cos wave Facebook; treatment plan ptsd example Twitter; dx7 factory patches for dexed Google+; "I'm not quite sure I'm at the level. It dipped below on 1/14/21 but regained the 18% level by the morning or 1/15/21. UPDATE 1/31/21 @ 12:00 NOON EST: Aydin Coin is still lowest cost but now it indicates a delay in shipping. By 1/28/21 it was down in the 19% range. But if you, the consumer, feel costs + premium are too high, then look to other avenues to buy. When price is low, youd think people would scoop this up. This is based on demand to slow you down to keep them from going out of business. In the fall of 2008, for instance, silver premiums exploded in percentage terms on popular silver bullion products. Get your metals now. Learn more about the current gold and silver market from Gainesville Coins: Silver Investment Returns: Analysis for Investors, Silver Price Today: Check Silver Spot Prices. 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. 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. For more information, please see our Physical Gold Premium vs. Spot Price A tradingsignal? Others turned to cryptocurrency, such as Bitcoin, Ethereum, Tether, and others. 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. 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. Silver has the best chance to rise in 2022, said Gainesville Coins precious metals expert Everett Millman, as quoted on Kitco.com. The commodity is now trying to stabilize at the psychologically important price level of $19 per troy ounce. 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%. I just bought 25lbs of 90%. Is there any justification for this? 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. Now, conditions in the current marketplace are driving premiums to new highs. Keith Neumeyer of First Majestic Silver has said he sees the white metal reaching US$100 per ounce. April 27, 2022 10:33AM. 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. And then they have to wait weeks or months in order to get more product from the distributors. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Refining is a delay, whether its COVID or an oil refinery caught fire and reduces available gasoline for sale. In order to lower premiums, you have to spend elsewhere to allow them to reduce buying pressures and normalize inventory and operations. No standard dealer has coins in quantity of more than 10, although Bullion Exchanges and DBS Coins have 10 tubes available for sale. 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). 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. Meanwhile silver became a darlingits less expensive and thus more accessible to more investors. Silver is, of course, the more volatile of the two precious metals, but nevertheless it often trades in relative tandem with gold. This is why they need tampy tamp. Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $31.78. The premium hike will put more than a dent in the newly . The World Bank's Commodity Markets Outlook in October 2022 saw the silver price . 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. But by 9:40 PM EST the premium had jumped back above 60%. 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. Then they just give you spot. Silver has held the attention of humankind for at least 5,000 years. A silver Britannia is about 8 per coin over spot. Go down to a community college. Real estate is rapidly cooling off and cryptocurrency is proving its not the failsafe juggernaut many thought it was. 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. 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. Problem is, the rabid demand will outstrip available product coming in that can be sent to retail. UPDATE 11/1/20 @ 7:30 PM EST: Physical premium dipped below 20% and has remained there since. We are also discovering just how fragile the cryptocurrency world really is. 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. There are no shortage at the timber level, but refining it into lumber is the bottleneck. Anyone buying silver for 5 minutes knows that the larger the quantity, the lower the premium per ounce. Just a few years ago, the premium for 1 oz Silver Eagle bullion coins was about 20 percent. Buy PSLV or another ETF that you trust. In general, however, it is high because there is more demand for silver in the world than there is for gold. 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. 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.. This situation has happened time and again but Bullion Exchanges will often come back in with quantity offers so I will update if/when it does. Otherwise, they sell to you too cheap and they are out of products and out of business soon thereafter. The physical silver premium broke below 40% on the evening of 6/16/20. Are you keeping an eye on silver premiums these days? So as an investor, what are you to do about this? Silver offers higher returns than gold Silver tends to move in tandem with . Buy some. 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). silver bars, youre paying approximately a 20-25% premium on. by. 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