sell for a premium over spot of anywhere from 21-24% (depending
upon source and quantity) while American Gold Eagles sell for
around 4.9% over spot? Have checked a number of sources;
seems to be an industry wide policy.
Seems that purchasing American Silver Eagles is a mug's
game.
I would imagine cost of production. ie probably
about the same physical cost to produce silver vs gold, but that
actual cost is a lot higher % of silver base cost as opposed to
gold.
but that would affect the price of silver vs gold.
Its the bullion premium that's high. I think its purely
a supply/demand thing. The demand for bullion right now is
higher than the demand for paper silver.
Can anyone shed some light as to why 2016 American Silver Eagle coins...
Posted by RichieD on 3rd of Mar 2016 at 10:09 am
sell for a premium over spot of anywhere from 21-24% (depending upon source and quantity) while American Gold Eagles sell for around 4.9% over spot? Have checked a number of sources; seems to be an industry wide policy.
Seems that purchasing American Silver Eagles is a mug's game.
I would imagine cost of
Posted by mugsy on 3rd of Mar 2016 at 12:22 pm
I would imagine cost of production. ie probably about the same physical cost to produce silver vs gold, but that actual cost is a lot higher % of silver base cost as opposed to gold.
but that would affect the
Posted by Michael on 3rd of Mar 2016 at 12:31 pm
but that would affect the price of silver vs gold. Its the bullion premium that's high. I think its purely a supply/demand thing. The demand for bullion right now is higher than the demand for paper silver.
I just buy junk silver in cash and that seems to take care of the mugs
Posted by zitron on 3rd of Mar 2016 at 10:13 am