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Surge In Silver Demand Leaves U.S. Mint With No Eagle Silver Bullion Coins

OPAOPA Posts: 17,104 ✭✭✭✭✭
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."

Comments

  • derrybderryb Posts: 36,118 ✭✭✭✭✭

    Underestimated projected sales. But they do have the silver to make more. Note the "bid premiums have also gone higher," another sign of strong demand at these prices.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • jmski52jmski52 Posts: 22,305 ✭✭✭✭✭

    That hasn't happened for awhile. I wonder if there's anything to it?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    edited September 7, 2018 9:29AM

    The decline from democracy to tyranny is both a natural and inevitable one.

  • VanHalenVanHalen Posts: 3,789 ✭✭✭✭✭

    This years Ag chart.......

  • LukeMarshallLukeMarshall Posts: 1,900 ✭✭✭✭✭

    ^
    Yeeouuchh

    It's all about what the people want...

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,796 ✭✭✭✭✭
    edited September 7, 2018 12:05PM

    Bought a monster box from a walk in the other day. $14 each.

    Got the monster box of 2018s for $19.50 each, at the beginning of the year.

  • derrybderryb Posts: 36,118 ✭✭✭✭✭

    @TwoSides2aCoin said:
    Bought a monster box from a walk in the other day. $14 each.

    Got the monster box of 2018s for $19.50 each, at the beginning of the year.

    from weak hands to strong hands. good job.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭

    I find that hard to believe !!! ;)

    Timbuk3
  • mariner67mariner67 Posts: 2,746 ✭✭✭

    Lots of bs.....spot down significantly thus year. ...no demand there!

    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
  • dpooledpoole Posts: 5,940 ✭✭✭✭✭
  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭

    @TwoSides2aCoin said:
    Bought a monster box from a walk in the other day. $14 each.

    Got the monster box of 2018s for $19.50 each, at the beginning of the year.

    I see bid premiums are rising. ;)

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,118 ✭✭✭✭✭

    @cohodk said:

    @TwoSides2aCoin said:
    Bought a monster box from a walk in the other day. $14 each.

    Got the monster box of 2018s for $19.50 each, at the beginning of the year.

    I see bid premiums are rising. ;)

    appears seller didn't seek bids, he was obviously in a hurry to cut his losses. Silver eagle premiums are the highest they have ever been, unless of course a desperate seller is involved.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭

    @derryb said:

    @cohodk said:

    @TwoSides2aCoin said:
    Bought a monster box from a walk in the other day. $14 each.

    Got the monster box of 2018s for $19.50 each, at the beginning of the year.

    I see bid premiums are rising. ;)

    appears seller didn't seek bids, he was obviously in a hurry to cut his losses. Silver eagle premiums are the highest they have ever been, unless of course a desperate seller is involved.

    I see there are ASEs on this very forum for $1.75 over. Have they not sold for $2.50 or even $3 over?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    edited September 8, 2018 12:07AM

    @cohodk said:

    @derryb said:

    @cohodk said:

    @TwoSides2aCoin said:
    Bought a monster box from a walk in the other day. $14 each.

    Got the monster box of 2018s for $19.50 each, at the beginning of the year.

    I see bid premiums are rising. ;)

    appears seller didn't seek bids, he was obviously in a hurry to cut his losses. Silver eagle premiums are the highest they have ever been, unless of course a desperate seller is involved.

    I see there are ASEs on this very forum for $1.75 over. Have they not sold for $2.50 or even $3 over?

    The desperate buyers far outnumber someone looking for a quick exit

    The decline from democracy to tyranny is both a natural and inevitable one.

  • BochimanBochiman Posts: 25,285 ✭✭✭✭✭

    If the spot of silver goes down, but the premium goes up, then it still isn't a great deal. Gotta find the places where the premium stays reasonable and low.

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    edited September 8, 2018 12:10AM

    @Bochiman said:
    If the spot of silver goes down, but the premium goes up, then it still isn't a great deal. Gotta find the places where the premium stays reasonable and low.

    supply and demand determine premium. What are premiums for ASEs telling us right now?

    The decline from democracy to tyranny is both a natural and inevitable one.

  • jmski52jmski52 Posts: 22,305 ✭✭✭✭✭

    Rising premiums in a declining market tells me that the sellers would rather not be selling.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭

    @derryb said:

    @Bochiman said:
    If the spot of silver goes down, but the premium goes up, then it still isn't a great deal. Gotta find the places where the premium stays reasonable and low.

    supply and demand determine premium. What are premiums for ASEs telling us right now?

    I think we had this discussion in 2011, 012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020....

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,118 ✭✭✭✭✭

    @cohodk said:

    @derryb said:

    @Bochiman said:
    If the spot of silver goes down, but the premium goes up, then it still isn't a great deal. Gotta find the places where the premium stays reasonable and low.

    supply and demand determine premium. What are premiums for ASEs telling us right now?

    I think we had this discussion in 2011, 012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020....

    And as always, you still don't get it.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • derrybderryb Posts: 36,118 ✭✭✭✭✭

    @jmski52 said:
    Rising premiums in a declining market tells me that the sellers would rather not be selling.

    Agree. Yet the buyers are paying them.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • OPAOPA Posts: 17,104 ✭✭✭✭✭

    @derryb said:

    @jmski52 said:
    Rising premiums in a declining market tells me that the sellers would rather not be selling.

    Agree. Yet the buyers are paying them.

    To some extend, but obviously not enough buyers are willing to do so. The continued downward spiral of silver is the proof.
    Oversupply and not enough demand is still the norm.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    edited September 8, 2018 9:31PM

    @OPA said:

    @derryb said:

    @jmski52 said:
    Rising premiums in a declining market tells me that the sellers would rather not be selling.

    Agree. Yet the buyers are paying them.

    To some extend, but obviously not enough buyers are willing to do so. The continued downward spiral of silver is the proof.
    Oversupply and not enough demand is still the norm.

    downward spiral is a result of futures contracts, not physical sales. Spot price on the futures market (where one can short) determines the base price of physical silver. Over (unlimited) supply of paper silver (and shorts), is still the norm.

    The fact that physical buyers are paying higher premiums and that the US Mint underestimated how many ASEs to have on the shelf indicates that physical demand has not suffered.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • cohodkcohodk Posts: 18,553 ✭✭✭✭✭
    edited September 8, 2018 8:44PM

    @derryb said:

    @OPA said:

    @derryb said:

    @jmski52 said:
    Rising premiums in a declining market tells me that the sellers would rather not be selling.

    Agree. Yet the buyers are paying them.

    To some extend, but obviously not enough buyers are willing to do so. The continued downward spiral of silver is the proof.
    Oversupply and not enough demand is still the norm.

    downward spiral is a result of futures contracts, not physical sales. Spot price on the futures market (where one can short) determines the base price of physical silver. Over (unlimited) supply of paper silver (and shorts), is still the norm.

    The fact that physical buyers are paying higher premiums indicates that physical demand has not suffered.

    I think we had this discussion already in 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018......

    Always looking for a scapegoat.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    edited September 8, 2018 8:59PM

    The lower prices go, the greater the chances COMEX will not be able to meet it's customers' growing demand for physical delivery. For this reason COMEX will develop an interest in higher prices.

    Metal prices are currently affected by China's choice to weaken its currency. This tells us that metal prices are no longer fully dependent on dollar movement. This is the first step in physical metal breaking free from the influence of paper metal. Just maybe China wants to bankrupt COMEX.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • NIPSZXNIPSZX Posts: 79 ✭✭
    edited September 9, 2018 11:28AM

    Why are the bullion versions the only coin not available?

    The other coins can't really be that much harder to produce when compared to bullion. Plus, the bullion prices are still very high when compared to spot silver. The U.S. mint sure loves promoting inflation. There must be some serious Keynesian's in their management department. The U.S. mint must be connected to the Fed, because they love pushing inflation. I can buy a silver bar for almost spot, so who cares if the mint doesn't want to sell bullion eagles. I would never buy anything from the mint. They are the coin equivalent of a new car dealership. The mint is a joke. Everybody on this forum should boycott buying straight from the mint, IMO. Plus, the $5 mandatory shipping fee. What a joke.

  • derrybderryb Posts: 36,118 ✭✭✭✭✭

    @NIPSZX said:
    Why are the bullion versions the only coin not available?

    everything else is still on the shelf

    The decline from democracy to tyranny is both a natural and inevitable one.

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