The premiums right now at the major online dealers are insane and way over the top.
You are buying about $7.50 in the hole per ounce of American eagle silver.
There is a lot of hope that it continues to rise. I do have hope but not that type of gambling hope.
Re the recent meeting: I'm just relying on third hand info from a friend that works for a PRIMARY DISTRIBUTOR. May be valid, might not.
Why are premiums so high on ASE's if the mint were meeting demand?
OK so back in March for one week the mint sold all they could produce due to a spike in demand. They have sold 3 million+ silver eagles since the article you referenced, I'd hardly translate that into a claim that the mint has run out of silver. I believe there was even a shutdown, move production to Philadelphia event earlier this year.
Thanks for providing an article though and attempting to back your claim/conspiracy.
There is no doubt based off premiums there is strong demand for silver eagles but I'd hardly call it a shortage. I am glad this round I have more than I ever planned and have no need/desire to purchase more. I would never pay current premiums for any amount or type of silver. Interesting times.
When the mint has no ASEs to sell to the APs, the APs and their primary dealer customers will not have ASEs for sale. I suspect many of their "active" listings are for the next delivery they receive. AP's are now paying $25+ for what they get from the mint. A $5 premium is in line with earlier premiums from this year. Third party bullion dealers who buy from the AP are paying more than $25 to get their inventory.
$30 for an ASE seems high but it is because of a rise in spot, not in premiums.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@derryb said:
When the mint has no ASEs to sell to the APs, the APs and their primary dealer customers will not have ASEs for sale. I suspect many of their "active" listings are for the next delivery they receive. AP's are now paying $25+ for what they get from the mint. A $5 premium is in line with earlier premiums from this year. Third party bullion dealers who buy from the AP are paying more than $25 to get their inventory.
$30 for an ASE seems high but it is because of a rise in spot, not in premiums.
You offer up no fee $30 an ASE right now I'll sell you all you could ever dream of affording and then some. Those are unicorn numbers.
Don't need your ASEs @ $30, bought boxes less than three weeks ago for $22.93. Besides if you sell at $30 now, good chance you'll regret it later. If I were gonna buy @ $30 (which I may very well do) I would rather buy from someone "reputable."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@derryb said:
When the mint has no ASEs to sell to the APs, the APs and their primary dealer customers will not have ASEs for sale. I suspect many of their "active" listings are for the next delivery they receive. AP's are now paying $25+ for what they get from the mint. A $5 premium is in line with earlier premiums from this year. Third party bullion dealers who buy from the AP are paying more than $25 to get their inventory.
$30 for an ASE seems high but it is because of a rise in spot, not in premiums.
You offer up no fee $30 an ASE right now I'll sell you all you could ever dream of affording and then some. Those are unicorn numbers.
@Baley said:
Hey now, no reason to be grumpy during something that on average occurs only once or twice a generation! Metals are up! Peace and love to all and rejoice.
Make hay while the sun shines my friends.
Winter is coming..
What our country is doing to destroy itself in the name of greed speaks for itself.
@derryb said:
When the mint has no ASEs to sell to the APs, the APs and their primary dealer customers will not have ASEs for sale. I suspect many of their "active" listings are for the next delivery they receive. AP's are now paying $25+ for what they get from the mint. A $5 premium is in line with earlier premiums from this year. Third party bullion dealers who buy from the AP are paying more than $25 to get their inventory.
$30 for an ASE seems high but it is because of a rise in spot, not in premiums.
You offer up no fee $30 an ASE right now I'll sell you all you could ever dream of affording and then some. Those are unicorn numbers.
@derryb said:
When the mint has no ASEs to sell to the APs, the APs and their primary dealer customers will not have ASEs for sale. I suspect many of their "active" listings are for the next delivery they receive. AP's are now paying $25+ for what they get from the mint. A $5 premium is in line with earlier premiums from this year. Third party bullion dealers who buy from the AP are paying more than $25 to get their inventory.
$30 for an ASE seems high but it is because of a rise in spot, not in premiums.
You offer up no fee $30 an ASE right now I'll sell you all you could ever dream of affording and then some. Those are unicorn numbers.
That's far from no fee. Ebay, paypal, packaging, free shipping maybe net $24-25 an ounce.
The point is what buyers are paying, not what sellers are netting. It's becoming a feeding frenzy.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@derryb said:
When the mint has no ASEs to sell to the APs, the APs and their primary dealer customers will not have ASEs for sale. I suspect many of their "active" listings are for the next delivery they receive. AP's are now paying $25+ for what they get from the mint. A $5 premium is in line with earlier premiums from this year. Third party bullion dealers who buy from the AP are paying more than $25 to get their inventory.
$30 for an ASE seems high but it is because of a rise in spot, not in premiums.
You offer up no fee $30 an ASE right now I'll sell you all you could ever dream of affording and then some. Those are unicorn numbers.
That's far from no fee. Ebay, paypal, packaging, free shipping maybe net $24-25 an ounce.
The point is what buyers are paying, not what sellers are netting. It's becoming a feeding frenzy.
Doesn't look like a feeding frenzy to me. I remember as recently as 2016 Apmex selling 100 rolls+ an hour 24/7 under the ebay daily deals. Pinehurst is selling 25 overpriced rolls a day. My offer still stands, better hurry and get some now!!!! lol
@derryb said:
When the mint has no ASEs to sell to the APs, the APs and their primary dealer customers will not have ASEs for sale. I suspect many of their "active" listings are for the next delivery they receive. AP's are now paying $25+ for what they get from the mint. A $5 premium is in line with earlier premiums from this year. Third party bullion dealers who buy from the AP are paying more than $25 to get their inventory.
$30 for an ASE seems high but it is because of a rise in spot, not in premiums.
You offer up no fee $30 an ASE right now I'll sell you all you could ever dream of affording and then some. Those are unicorn numbers.
That's far from no fee. Ebay, paypal, packaging, free shipping maybe net $24-25 an ounce.
The point is what buyers are paying, not what sellers are netting. It's becoming a feeding frenzy.
Doesn't look like a feeding frenzy to me. I remember as recently as 2016 Apmex selling 100 rolls+ an hour 24/7 under the ebay daily deals. Pinehurst is selling 25 overpriced rolls a day. My offer still stands, better hurry and get some now!!!! lol
Those 2016 sales were 1.50 over spot, possibly eligible for eBay Bucks and Mr. Rebates, so after credit card cashback you were under spot
Buying activity has been increasing since slv popped over 20 and am seeing reduced inventory at major dealers. Its not the craziness from 6 months ago but its clearly worse than a month ago. Today was a consolidation day for silver yet it still closed up, still not a bad time to add more.
Comments
I rarely provide links but for those that want dated info:
https://www.wsj.com/livecoverage/coronavirus/card/u4qjZDrkGuuPLxl29J38
Re the recent meeting: I'm just relying on third hand info from a friend that works for a PRIMARY DISTRIBUTOR. May be valid, might not.
Why are premiums so high on ASE's if the mint were meeting demand?
The premiums right now at the major online dealers are insane and way over the top.
You are buying about $7.50 in the hole per ounce of American eagle silver.
There is a lot of hope that it continues to rise. I do have hope but not that type of gambling hope.
OK so back in March for one week the mint sold all they could produce due to a spike in demand. They have sold 3 million+ silver eagles since the article you referenced, I'd hardly translate that into a claim that the mint has run out of silver. I believe there was even a shutdown, move production to Philadelphia event earlier this year.
Thanks for providing an article though and attempting to back your claim/conspiracy.
There is no doubt based off premiums there is strong demand for silver eagles but I'd hardly call it a shortage. I am glad this round I have more than I ever planned and have no need/desire to purchase more. I would never pay current premiums for any amount or type of silver. Interesting times.
The whole worlds off its rocker, buy Gold™.
Yup they were in March, but not now...suggest you research your comment before posting it.
https://www.bullionbypost.co.uk/gold-news/2020/march/13/us-mint-sells-out-silver-eagles-demand-surges/#:~:text=The United States Mint has announced a shortage,as sales increased an incredible 300% in March.
When the mint has no ASEs to sell to the APs, the APs and their primary dealer customers will not have ASEs for sale. I suspect many of their "active" listings are for the next delivery they receive. AP's are now paying $25+ for what they get from the mint. A $5 premium is in line with earlier premiums from this year. Third party bullion dealers who buy from the AP are paying more than $25 to get their inventory.
$30 for an ASE seems high but it is because of a rise in spot, not in premiums.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
You offer up no fee $30 an ASE right now I'll sell you all you could ever dream of affording and then some. Those are unicorn numbers.
The whole worlds off its rocker, buy Gold™.
Tell APMEX (an authorized mint purchaser) that they're customers are paying "unicorn numbers" for their ASEs.
Don't need your ASEs @ $30, bought boxes less than three weeks ago for $22.93. Besides if you sell at $30 now, good chance you'll regret it later. If I were gonna buy @ $30 (which I may very well do) I would rather buy from someone "reputable."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
$605 a tube - sold 25 tubes today: https://www.ebay.com/itm/Lot-of-20-2020-1-American-Silver-Eagle-1-oz-Brilliant-Uncirculated/312894776778?_trkparms=5079:6000000123
What our country is doing to destroy itself in the name of greed speaks for itself.
That's far from no fee. Ebay, paypal, packaging, free shipping maybe net $24-25 an ounce.
The whole worlds off its rocker, buy Gold™.
The point is what buyers are paying, not what sellers are netting. It's becoming a feeding frenzy.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Doesn't look like a feeding frenzy to me. I remember as recently as 2016 Apmex selling 100 rolls+ an hour 24/7 under the ebay daily deals. Pinehurst is selling 25 overpriced rolls a day. My offer still stands, better hurry and get some now!!!! lol
The whole worlds off its rocker, buy Gold™.
Those 2016 sales were 1.50 over spot, possibly eligible for eBay Bucks and Mr. Rebates, so after credit card cashback you were under spot
Buying activity has been increasing since slv popped over 20 and am seeing reduced inventory at major dealers. Its not the craziness from 6 months ago but its clearly worse than a month ago. Today was a consolidation day for silver yet it still closed up, still not a bad time to add more.