UPDATE 6/15/22 @ 1:00 PM EST: Liberty Coinis thelowest cost dealer selling in quantities of over 10, 20-coin tubes. Available supply is not the same as supply. I cant blame them. Thats a 50% premium. 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). You can take delivery of 100 oz bars, minimum of 200 oz. Let me translate. By continuing to browse the site, you agree to our use of cookies. Liberty Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. If the demand for silver is so high, why hasnt the spot price reflected us? The Physical Gold Premium, on the other hand, still remains quite low at 6.75%. 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. 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. Precious metals are traded in U.S. dollars, so Silver is always listed at a price per ounce of Silver, while . This is for a few reasons. Each . 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%. I do NOT work in the silver bullion industry. Stop trying to make dealers look like they are ripping people off, it then makes you look shady. Plus, silver has the added advantage of being a widely used industrial metal. The best price is MCM: $736.40 $36.82/coin (105 available). That's because when rates are higher interest shifts to products that can accrue interest. 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. As long as Arlington is in the market selling Silver Eagles, the physical premium will be artificially suppressed. If you are new, buy a little on the left side when premiums drop. 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. 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. That still sounds high, but it is not unreasonable if you look at it on a "per coin" basis. (Updated 2022). DBS Coin: $710.86 $35.54/coin, Liberty Coin: $712.97 $35.64/coin and Bullion Exchanges: $714.52 $35.72/coin. In fact, this is generally the main reason why any gold, silver or platinum product would come with high premiums. 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. 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. On 6/8/20 DBS again had the lowest cost until 6/15/20 when Bullion Exchanges took the lead. Silver dropped to $16.20 and premiums remained at just under $4 per ounce. The price of silver had dropped to around the $17 mark, and demand for all metals was increasing and premiums were barely under $4 per coin (per troy ounce). (Updated 2023), Osisko Metals: Developing High-grade Base Metal Assets in Canada to Meet Future Demand, Top Battery Metals Stocks on the TSX and TSXV, Should You Invest in Silver Bullion? "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. INN - Investing News , Is Silver a Good Investment? UPDATE 12/18/20 @ 9:35 PM EST: Physical silver premium has now dropped below 17%. This low was set on 9/14/21 at 26.06%. When Palladium broke the tampy tamp, then it went nuts. How does this REALLY end in higher silver prices? Junk silver coins were (and still are) legal tender and minted for general circulation. UPDATE 2/3/21 @ 8:20 PM EST: Finally a dealer (Liberty Coin) came through with offers of 20-coin Silver Eagle lots in quantities over 10. that's a 255% premium. What 1980 and 2011 did NOT have was PSLV, Kinesis Money, and OneGold. What a nightmare to go through it. Very interesting. Pre-sales for future delivery are not counted. One can argue that why are the premiums so high on gold. 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. 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). When the COVID-19 pandemic hit, the Fed cut rates down to zero from 1 to 1.25 percent. Silver is also being drained from the paper exchanges and IMHO something is afoot. Time for me to start leaving silver behind in favor of gold. UPDATE 5/17/22 @ 1:15 PM EST: The Physical Silver Premium jumped above 80% this morning and continues to remain elevated. I am using this price rather than a 20-coin price because there are, literally, no dealers selling 20-coin lots in quantities of more than 10. Why does it cost more to buy silver coins, rounds, and bars today? How to prepare against a currency collapse. Anyone buying silver for 5 minutes knows that the larger the quantity, the lower the premium per ounce. This then goes to distributors who have a mark up, then get to the end dealer to sell. The price was WAY higher than I had bought at previously. 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. This is based on demand to slow you down to keep them from going out of business. We have had the silver raid days, which help clear out retail. silver bars, youre paying approximately a 20-25% premium on. You should by now already have a decent physical stash. However, rising inflation has led the Fed and other central banks to hike rates, which has negatively impacted gold and silver. So now their shelves are empty what are they supposed to sell you? Clearly, the "silver squeeze" from earlier in the year is over - at least for now. During the backwardation of September 2015, silver was trading . UPDATE 4/9/21 @ 9:15 AM EST: The brief decline in the physical silver price earlier in the week has ended. To anyone with a business education, it makes them look disgusting as they are manipulating facts. I recently used them and there was a steep $1.25 or so premium for an allocated vault product. I think theyll get to buy at <10% premiums once the suppressed spot prices and the actual real world market value equalize. UPDATE 1/31/21 @ 7:00 PM EST: Now that the Spot marked is open things have calmed down a bit. Silver and gold in particular saw monumental performance in the months that followed COVID reaching the dreaded pandemic status. 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. Support them. 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. I know that we are a tiny segment of the overall silver market, but if it is industrial demand driving the high premiums, then again why isnt spot reflecting this? 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. But if you, the consumer, feel costs + premium are too high, then look to other avenues to buy. Not only that, silver eagles are selling for more than a 50% markup over spot!So what's causing this situation? 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%. In short silver premiums have increased due to a recent combination of higher Silver Bullion Demand & lower Silver Bullion Supplies. UPDATE 5/7/21 @ 7:20 AM EST: Arlington Coins is no longer selling in quantity (only 9 tubes left). I believe gold kicks in the door, but silver moves faster and further. Why are silver premiums so high 2021. Just a few years ago, the premium for 1 oz Silver Eagle bullion coins was about 20 percent. . 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. UPDATE 11/1/20 @ 7:30 PM EST: Physical premium dipped below 20% and has remained there since. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. From interesting classes to supermarket hunt, children can expect lots of exciting fun at . 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. "It's not a small thing, and it's not going away. But Will It Last? Immediately, please stop reading. All other standard dealers do this. 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 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. 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, yes, Bullion Exchanges did come in with quantity by 9:30 PM EST. They tell you, come to my site and Ill get you 1,000 oz bars all day long. Now time to light the fuse of the powderkeg. ( 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. But lets put a little context to this That record price for gold occurred during the tense weeks right after Russian president Vladmir Putin declared war on his neighboring country of Ukraine; concerns over impending nuclear war were at their highest in years, and fears over grain and oil shortage cast a pall over investment futures. Keith Neumeyer of First Majestic Silver has said he sees the white metal reaching US$100 per ounce. If inflation continues to rise and reaches double-digit values through 2022 and 2023, the price of $100 an ounce for silver could be possible. Get your metals now. UPDATE 10/25/20 @ 7:00 PM EST: Physical premium jumped up over 18% this evening up to 18.71%. Are high premiums on silver justified? 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. "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. I also didnt mention how this supply could be going to making industrial finished silver supplies like shot, coils, or specialized parts that have nothing to do with coins. Enroll in economics 101. UPDATE 4/15/21 @ 7:40 PM EST: The physical silver market is getting very tight. 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. 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. 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. Clearing out retail helps, in a way, but is not what drives the price of the silver market. 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%. Next lowest cost standard dealer in quantities of over 10, 20-coin tubes is Liberty Coin. 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%. Dont forget to follow us @INN_Resource for real-time news updates! Gold coin premiums and silver coin premiums will have much more fluctuation, especially when you start to factor in collectability and rarity. " At 194 Moz, this will be a multi-decade high and four times the level seen in 2021. 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%. 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%.