Silver Eagle Premiums Double to 44%!
"There has been much discussion lately in the silver investing community about tight supplies of bullion coins, mint rationing and exploding premiums. So, I decided to take a look at some popular places to buy Silver Eagles online to determine just how high the premiums have actually climbed. For consistency sake, I will use a roll of 20 Silver Eagles to measure the premium versus the current silver spot price of $14.55."
Today's Featured Auction:
1911/2011 1 Oz .9999 Gold Maple Leaf 100th Anniversary Canadian Mint Refinery
More Coin, Metals, and Inflation Articles
Oct 2 - U.S. Mint Posts 181% Jump In Gold Coin Sales, Silver Sales Hit 29-Year Record High In Q3 Kitco
Oct 2 - ‘Dreadful’ US jobs growth pushes back hopes of Fed interest rate rise The Telegraph
Oct 2 - Gold Price Jumps $25 in 15 Minutes After 2nd Weakest US Jobs Data in 18 Months Bullion Vault
Oct 1 - “First American Dollar” Realizes $4.9 Million at Auction Coin Update
Oct 1 - Record Eight-Year Silver Buying Intensity Continues Commodity Trade Mantra
Oct 1 - Platinum Watch – How low can platinum prices go? ABN-AMRO
Sep 30 - Gold Price Forecast: Goldbugs Could Have the Last Laugh in 2016 Profit Confidential
Sep 30 - Gold Extends Early Losses to Trade Solidly Lower Kitco News
Sep 30 - Gold: "The More Ridiculous The System Gets, The More Valuable It Becomes" ZeroHedge
Sep 30 - The Growing Price Markup on Junk Silver Junk Silver Book
Sep 29 - Silver Price Forecast: Yuan Devaluation Could Send Silver Prices to $50 Profit Confidential
Sep 29 - US Mint Gold-bullion coins sales hit 110,000 Oz so far in September Bullion Street
Sep 29 - Gold and Silver, Good and Bad Choices Gold Silver Worlds
Sep 28 - Gold falls sharply, as inflation data bolsters case for rate hike Investing.com
Sep 28 - What If This Retail Silver Investment Shortage Doesn’t End? SRSrocco
Sep 28 - Swiss authorities probe seven banks for price fixing in metals market RTE News
Sep 28 - Buy Gold While You Still Can! Gold Eagle
United States Circulating Coin Values
This table does not reflect U.S. Mint production costs, but the pure base metal value that composes the coin. Calculations are based on coin weight, metal composition, and base metal prices. The "Metal % of Face Value" column represents the percentage of metal that comprises the denomination's purchasing power. A coin that is over 100% in this category has more base metal value than purchasing power.
Table based on October 02, 2015 mid-day base metal prices:
|Copper $2.3272/lb 0.0175
||Zinc $0.7570/lb 0.0035
||Nickel $4.5609/lb 0.0455
United States Circulated Silver Coin Values - Updated Every Minute
These coins were in standard circulation until silver was removed from all coinage in 1965 and 1970 (40% silver half-dollars). I recognize that the silver Eisenhower dollar was issued as a collectible only, but I'm still categorizing it with this group. This table illustrates how far the metal value has progressed compared to the denomination's purchasing power after the debasement.
Table based on October 04, 2015 4:39 PM PDT silver prices:
Silver $15.31/oz 0.02