At $28, no one is likely to run to the coin shop with grandmas silver. Silver is also being drained from the paper exchanges and IMHO something is afoot. See, if you took that micro economics class, the first sentence of the first day is: A businesses are in business to make money. Silver and gold are the types of things that as price rises, people pile into it. It remains the lowest cost dealer but not by much. 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%. Percentage premium is 58.90%. Los Angeles Times, June 12, 2013. 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. I do NOT work in the silver bullion industry. 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. that's a 255% premium. DBS had lowest cost in quantity until the afternoon of 6/3/20. Dont buy on a raid day unless you absolutely love the idea of paying stupid high premiums. To each their own. 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%. Silver has held the attention of humankind for at least 5,000 years. UPDATE 3/19/21 @ 7:45 AM EST: DBS Coin did not come in this morning with any offers (they have no coins available) so the physical silver premium remains elevated. Proof Coins Proof coin premiums are almost always slightly higher because these coins represent the highest quality that a mint will produce. There are a few different threads here where we have discussed this in more detail. Junk silver coins were (and still are) legal tender and minted for general circulation. 4. 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. Mike Maloney told me the seigniorage on Silver Eagles is 50% higher today than when he started GoldSilver in 2005. The premium hike will put more than a dent in the newly . "Price gauging should not be allowed. 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. HISTORICAL DEVELOPMENTS IN THE PHYSICAL SILVER PREMIUM MARKET. This was followed by a series of days in the high 90% range (8/5 8/9). 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. Current percentage premium is under 24%. With demand so high, you can go for awhile with keeping premiums high. Very interesting. UPDATE 10/27/20 @ 7:20 PM EST: Physical premium is back below 19%. Theres a significant distance for silver to go before it reaches the success Neumeyer has boldly predicted. 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. (Updated 2022). 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. There are merits for both metals, especially as part of a well-balanced portfolio. But anyone, really, can go to the COMEX today and take off millions of ounces. "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. It was during this time that Neumeyer himself invested heavily in mining stocks and came out on top. The American Silver Eagle proofs carry a significant premium over the spot silver price. 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.". Below, you will see your blueprint to get to $50 silver, and soon. UPDATE 1/31/21 @ 12:00 NOON EST: Aydin Coin is still lowest cost but now it indicates a delay in shipping. 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. UPDATE 2/26/21 @ 8:45 AM EST: The scarcity in the silver market continues this morning. But they do not give you much of the premium when you sell it back to them. I see that ASE are about $32 wholesale and around $38-40 ask. That's because when rates are higher interest shifts to products that can accrue interest. 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. But Will It Last? The case for and against silver at this moment, Silver investors this individual attempted to dox me and harm my career. 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. Lets look at dealers. Others turned to cryptocurrency, such as Bitcoin, Ethereum, Tether, and others. In addition, there is still a wide gap between the low-cost dealer (DBS Coin) and the others. This represents a $11.75/45.12% premium. Required fields are marked *. Nov 2022 07. difference between sin and cos wave Facebook; treatment plan ptsd example Twitter; dx7 factory patches for dexed Google+; Let me tell you another part of this, which you do not want to hear. Rates for 2022 will be finalized later this month, Baillio said. 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. 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. You would do the exact same thing if you had 240 1,000 oz bars and 30,000 people instantly trying to buy them. 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. Anyone with a brain realizing that FINISHED PRODUCTS for sale are not the same as RAW MATERIALS. The healthcare giant has the highest rates in Southern California and some other areas of the state, surpassing rivals such as Anthem Blue Cross and other smaller competitors. It was only a matter of months each time. 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. 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. The spot price has become the price for "paper" silver (ETFs and the like). Modern Coin Mart (MCM) is offering a price well below all other competitors. If you WANT to wipe out silver supply clearing out retail isnt exactly the most efficient way of doing it. And they may have 10,000 available but 100,000 want them at $5 over. The price increases arent really uniform across the board, and the answer to the situation isnt necessarily all that simple. Physical Gold Premium vs. Spot Price A tradingsignal? 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. A generic 1 oz silver round is now selling for $5 over the spot price. But the next lowest cost dealer (MCM) is offering at a price way above $826.40. They LOVE their product. Is there any justification for this? Get your metals now. By 7:30 PM EST a standard dealer came in (Bullion Exchanges) and the physical premium has declined to 52.41%. 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%. 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. The US mint then slaps like a $2-3 premium on from THEM. by. These silver products all come from name-brand minting and refinery companies. If you want product in your hands for the if you dont hold it, you dont own it crowd, buy now. While these products have also seen some increases in premiums in recent months, they pale in comparison to the price increases seen with monetized silver coins. In an extreme scenario, we could see inflation take the reigns and bring silver prices over the $100 mark. Also Liberty Coin came in with lower prices which lowered the premium later in the day. With silver at $14 oz. What is normal? $50 silver, coin dealer, gold, refinery, silver, silversqueeze. But if you, the consumer, feel costs + premium are too high, then look to other avenues to buy. After spending the latter half of the 2010s in the teens, the 2020s have seen silver largely hold above US$20. The relatively high premiums from such a . Premiums for gold plans after subsidies are taken into account are expected to go down, while silver premiums after subsidies are accounted for "shouldn't be altered all that much" because the subsidy is adjusted with the cost of the benchmark plans, he said. In other words, their investment dollars will never completely vanish. UPDATE 7/29/21 @ 7:30 PM EST: The Physical Silver Dollar Price Premium is now under $9.00/coin. By continuing to browse the site, you agree to our use of cookies. April 27, 2022 10:33AM. If you want $100 and $200 silver, look at the chart above. Why are silver premiums so incredibly high? Nonetheless, well-known figure Keith Neumeyer, CEO of First Majestic Silver (TSX: FR. UPDATE 8/27/20 @ 7:20 PM: Physical premium continues to decline. Don't be the last to know about the latest deals and new product arrivals. And, yes, Bullion Exchanges did come in with quantity by 9:30 PM EST. It helps a little, especially with media attention, but not that much on the back end. Refining capability. Stop trying to make dealers look like they are ripping people off, it then makes you look shady. Meaning as retailers see a flood of interested people over $30, high retail premiums would be the norm to slow the interest in buying. 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. The silver price made waves in 2020 when it rose above US$20 per ounce for the first time in four years. Yet Apmex is selling a silver eagle at $38? Now it is Liberty Coin. 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. 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