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Mint Sells out of Silver Eagles.....How are the Premiums for ASEs?
jmski52
Posts: 22,370 ✭✭✭✭✭
Has anyone seen an increase in the premiums for ASEs? It appears that demand may be "up". Besides that, when they restock, the coins will be on allocation.
https://kitco.com/news/2019-02-21/U-S-Mint-Sells-Out-Of-American-Eagle-Coins-6M-Sold-YTD.html
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I knew it would happen.
I knew it would happen.
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fixed link
https://www.kitco.com/news/2019-02-21/U-S-Mint-Sells-Out-Of-American-Eagle-Coins-6M-Sold-YTD.html
Mint's shelves are close to empty because the Authorized Purchasers are filling up their shelves. Until Authorized purchasers have empty shelves consumer demand can only be estimated. Obviously the APs are anticipating, or already experiencing, increased demand.
The mint's gold is to sell out of everything they produce. They hate having products left on the shelf. Minting more to meet demand is cheaper in the long run than destroying/melting what what they already minted and keep in inventory.
Keep an open mind, or get financially repressed -Zoltan Pozsar
JUst grabbed a roll of 2019! Was looking at getting one anyway. This pushed me over the edge
they are just temporarily out , they are not rare
The mint sells its excess inventory at the end of the year by requiring new year purchasers also purchase a quantity of the previous years'.
No worries.. Like I said, I was getting one anyway
We seem to replay this story every year. Maybe this time is different.
https://forums.collectors.com/discussion/878020/mint-runs-out-of-silver-high-demand-for-ase
Knowledge is the enemy of fear
Always happens, mint is not good at predicting demand. By the summer doldrums they will be begging the authorized purchasers to take them at a discount. No change in premiums here.
The whole worlds off its rocker, buy Gold™.
No increase in demand on our retail side. Our website has had an uptick in sales though, we are now showing "Out of stock".
Never understood the demand for Silver Eagles they are over priced and when you test them they are not even a perfect .999 fine silver we get privately made rounds of higher quality. if I get some time I will add some pictures running through the Sigma pro normal junking .999 fine rounds are made better the what the government Eagles are. I would understand the premium if they were .9999 like the Canadians.
or rare , or showed any imagination at all . just stealing a design from the WW1 era like whoopie we couldn't think of anything sorry doesn't rate a premium. There is nothing more generic than a silver eagle
I did the test and posted it on a new post I agree with you
I paid 20 each for 2019 koalas the other day. Perth mint at least makes a new design every year , you could actually collect koalas or kooks or pandas and display them. Collecting ASE's is like collecting cornflakes or grains of rice.
and they are pure quality silver all the way through.
On Apmex, a monster box of ASEs carries over a 17% premium, while a monster box of kangaroos or britannias carry 12% and 11% premiums respectively. These premiums seem pretty high to me and that's the gist of my question - are these premiums higher than usual????
I knew it would happen.
But are they? Pandas are a measly 999 same as ASE's and triple the premium.
they have better purity then eagles then there are the .9999 with the premiums he is talking about buying something different then the same old design collectability I assume. I prefer to buy plain old silver and nothing more then just the silver to store as silver. I just do not understand the love of a plain silver Eagle when you can get more for less. I have never seen them for triple the premium maybe I live in my box we can buy he new pandas here cheaper then eagles. I would buy neither the store down the road has a buy price at $2.75 over spot and selling $6.00 over spot right now for dirty birds we suggested selling there and they are always out so I understand why you sell them to feed the herd I just do understand why someone stacking silver pays that premium now a collector I understand.
The cheapest Panda I could find was scruffy, for $20.99, and at 30 grams instead of 31.2 grams for an ounce, the premium is over 35%. Bad deal, all the way around if ya ask me.
I knew it would happen.
Those 2 are worse than eagles . Old Britannias had more of a following , something changed around 2012 and that ended. Kangaroos don't interest anyone
When the Pandas went to 30 grams people went off them. If you have older Pandas they will sell for more than eagles by a wide margin.
It's not a monster box thing thats only eagles as far as I can tell. I'm sure boxes of libertads or philharmonics or maples exist I just don't think anyone cares. I.e. they don't want them or refuse to pay a premium like they do with a coin or roll quantity I think its because they are coins. . Like if you have a BU franklin you can get more money than a beat up example maybe twice melt or whatever. You can't put 20 in a tube and easily get double melt for the roll , no one cares really. I mean they might sell eventually but there is little demand.
yes when you can buy silver for $17 in 10 oz bars for stackers seems nuts not talking about collecting.
Yes, collecting and speculation in the metals are indeed two different things and in fact you combine both collecting & speculation when you accumulate some types of bullion coins.
Sometimes that aspect pays off, and sometimes not - but when bullion is rising and then more collectors start to materialize - that's when you win both ways.
When collectors start to drop out because bullion is stagnant or sinking - that's when you buy.
I knew it would happen.
"When the Pandas went to 30 grams people went off them. If you have older Pandas they will sell for more than eagles by a wide margin."
I don't agree with the above statement. Most of the world is on the Metric System and understand what a gram is, compared to oz. Pandas are known world wide unlike the ASE. Normally supply & demand dictates prices and it's obvious the demand for the Panda is still there. BTW, I do not collect either one Panda or ASE.
premiums are a measure of product desirability.
Keep an open mind, or get financially repressed -Zoltan Pozsar
I'm not saying its rational. I've just seen bullion dealers selling 2016 and 2017 and 2018 pandas for not much over the cost of 2019. It used to be after 2 or 3 years the price jumped up at least 10 bucks or more . Now maybe they are also minting a lot more since they went to metric and theres no market shortage
I wonder if it's illegal in the US to counterfeit older Pandas that have the higher premiums (particularly, the gold ones). Just wondering what the Chinese govt would say about it if the collectors of their coins started complaining.
I knew it would happen.