Theres a significant distance for silver to go before it reaches the success Neumeyer has boldly predicted. And a short time later DBS Coins & MCM also began offering silver eagles in quanitity. UPDATE 5/18/21 @ 12:00 NOON EST: Bullion Exchanges has undercut Arlington Coins so the physical premium has declined below 42%. THIS WILL MAKE RETAIL PREMIUMS JACKED. This realization by many that silver is truly a safe-haven assetone that is easily traded and performs well during rapid inflation and other economic hardshipshas led many to redirect their investment funds to silver. And, yes, Bullion Exchanges did come in with quantity by 9:30 PM EST. The next dealer selling in quantity is APMEX at a way higher price APMEX: $754.64 $37.73/coin. After that there are plenty of other dealers offering 20-coin lots for under $800.00. UPDATE 10/25/20 @ 7:00 PM EST: Physical premium jumped up over 18% this evening up to 18.71%. I do NOT work in the silver bullion industry. Junk silver coins were (and still are) legal tender and minted for general circulation. And thats 1,000 oz bars. High premiums are proof that stackers were wise to stack all these years. Silvers duality as a precious and industrial metal also provides price support. 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. The highest price for silver was just under US$50 in the 1970s, and it came close to that level again in 2011. 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. 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. UPDATE @ 9:10 AM EST: Sure enough, DBS Coin came in as the lowest cost dealer $673.38/$33.67 per coin. Are high premiums on silver justified? At least this has been the case since I started to closely follow the Ebay market since last Spring. italy vs argentina predictions why are silver premiums so high 2022. I see that ASE are about $32 wholesale and around $38-40 ask. How to prepare against a currency collapse. 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. 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). 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. This potentially is what is in store for gold and silver soon. Liberty Coin is still the lowest cost dealer offering 20 coin Silver Eagles in quantity $714.84. Bridges of Kentucky > Blog > Uncategorized > why are silver premiums so high 2022. why are silver premiums so high 2022. Kinesis I have several articles about them, but you can buy KAG and mint silver there which has them going out and draining silver from the market and putting into their vaults. The primary reason for the increase in Silver Eagle premiums in recent years has been the seigniorage cost charged by the US Mint. 4. Look at the drip above that is going to dealers. 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. Please refer to thecookie policy for collected data, privacy and GDPR compliance. (Updated 2022). Meanwhile, precious metals are showing, as they usually do, that they usually weather economic storms more soundly than so many other investments. We will see how long it lasts. The lowest cost dealer offering 20 coin Silver Eagles in quantity is Liberty Coin @ $729.28. 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. Join us today for FREE! This premium can also be expressed as 20% over spot. As DEMAND rises, PRICE must move up in order to adjust to limited supply. If you have constricted supply and massive demand, on a product that will increase in price and demand as price increases. I could not find any 20 coin tube for sale on Ebay from major dealers in any quantity at all. 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%. 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. The percentage premium has skyrocketed up to 25%. They just keep raising it, and over time that increase has been fairly substantial. Many of these products are available in attractive designs and some are collected on their aesthetic merits. And perhaps go Palladium and hit $100-$200 silver beyond that. When price is low, youd think people would scoop this up. The price was WAY higher than I had bought at previously. 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. Get your shiny. Physical Silver Eagle Premium Now Over80%. 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. Let me also be clear. 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. https://www.youtube.com/watch?v=vtsgRJGNYGsWhy are premiums on silver bullion so high? On the other hand, during economic uncertainty silver values are impacted by declines in fabrication demand. This moves price higher to meet that 10,000 available and find the equilibrium. 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. 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. silver bars, you're paying approximately a 20-25% premium on. Silver dropped to $16.20 and premiums remained at just under $4 per ounce. Plus, silver has the added advantage of being a widely used industrial metal. There are a variety of ways to get into the silver market. This premium can also be expressed as 20% over spot. The availability of zero-premium plans stems from several factors: For 2021 and 2022, due to the ARP, Americans who are eligible for premium subsidies and who earn up to 150% of the federal poverty level can select from among two premium-free Silver plans. The next standard dealer with offers in quantity is Liberty Coin but you have to pay over a 60% premium for those coins. Buy some. UPDATE 10/20/20 @ 2:00 PM: Physical premium is now under 18% 17.51% to be exact. UPDATE 8/27/20 @ 7:20 PM: Physical premium continues to decline. By late Monday morning on 8/3/20, all low cost dealers were selling in limited quantities. The $3 was seen as the cost to mint the coins. Also Liberty Coin came in with lower prices which lowered the premium later in the day. Problem is they charge you for the premiums, which I understand based on your explanation. 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. 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. So, in the next few months and years, silver price will increase. We have had the silver raid days, which help clear out retail. In this article, we explain a few reasons as to why . The percentage premium based on this dealer is now 29.57%. In general, however, it is high because there is more demand for silver in the world than there is for gold. But suddenly, and all at once this morning, it jacked up its per coin price by $1.00/coin. It is now above 20%. "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. 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. The premium on a silver product is the amount of money above the spot price of silver that the product costs. Venue: Eastpoint Mall. For that reason, its helpful to look at gold price drivers when trying to understand silvers price action. 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. Scan this QR code to download the app now. 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. 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). Go down to a community college. Usually physical follows spot, but when there's a divergence in demand for physical and demand for paper, the premiums will change accordingly. UPDATE 5/17/22 @ 1:15 PM EST: The Physical Silver Premium jumped above 80% this morning and continues to remain elevated. You would do the exact same thing if you had 240 1,000 oz bars and 30,000 people instantly trying to buy them. Bullion dealers not charging 50% premium. 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. "We'll have to see what happens," he said at the end of 2022. DBS Coin is the lowest price dealer now. Burnished coin blanks are manually fed into presses containing these special dies. 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. Below, you will see your blueprint to get to $50 silver, and soon. By 1/19/21 (evening) it had moved back into the 19% range. Silver has held the attention of humankind for at least 5,000 years. 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. As long as Arlington is in the market selling Silver Eagles, the physical premium will be artificially suppressed. Supposedly, this is matched to silver in their vaults. The price of silver has had a solid 2023 so far, . 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. You need to study and advance your position while you are able, getting tunnel vision and staying put while whining about gouging while likely only be to your own peril. What you find from these dealers is that the US mint only makes so many eagles. By continuing to browse the site, you agree to our use of cookies. Sure, it has pretty much always cost more than spot price to buy silver in the retail market. But Will It Last? 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. UPDATE 11/1/20 @ 7:30 PM EST: Physical premium dipped below 20% and has remained there since. ( Kitco News) - Retail investors can expect to continue to pay high premiums for physical gold and silver bullion as the precious metals markets deal with global supply issues and unprecedented demand, according to speakers at the London Bullion Market Association Global Precious Metals Conference. Buy PSLV or another ETF that you trust. What kind of a free market is that?". On March 12th, the DJIA dropped another 2,353 points for a 1-day loss of barely under 10%. This is why the premium on physical silver declined from its 66.22% high earlier in the day. If you want your silver, they cash you out to dollars, then you can buy at the best premiums on Apmex. 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). Inheritance has increased its price by more than $10.00/tube $727.21. 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. 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. Notice the very large difference in offer prices almost a $120.00 difference. This morning and continues to remain elevated a few reasons as to why reason, helpful. The US mint picked an individual selling 10, 20-coin lots for under $ 800.00 the price was way price. Than spot price of silver that the product costs $ 800.00 now under %! 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