@blitzdude said:
May be big dops in many things. I suspect chicken eggs, firewood and Au not amongst the included. RGDS!
Well, firewood doesn't grow on trees.
Oh wait, yes it does.
Just like paper currency.
Paper money is not made from wood pulp. It's made from linen and cotton.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I went back to the start of this thread almost exactly 2 years ago! Gold and platinum are doing well if you look at the top bar of spot prices. Palladium cut in half, ouch. Silver spot is actually a bit lower after 2 years of ups and downs, but the premium has again gone up to even more insane levels at APMEX. I may need to break open a big green box one of these days and sell a few rolls. Hard to understand this, in spite of 2 years of forum discussion.
@cohodk said:
Screenshot of Apmex website with silver quote (top) and offering prices. Hopefully derryb forgives my questioning of source and timing of data and continues with this thread. It should be fun to monitor. Screenshot taken within 5 min of this posting.
Silver spot is actually a bit lower after 2 years of ups and downs, but the premium has again gone up to even more insane levels at APMEX. I may need to break open a big green box one of these days and sell a few rolls. Hard to understand this, in spite of 2 years of forum discussion.
It just might be that the real market is trying to tell us that silver is not going to lose it's high premium, because it reflects the real price of silver, not the Comex price. How long before the sober reality sinks in?
Q: Are You Printing Money? Bernanke: Not Literally
I have been purchasing silver with really low premiums in the $2.50 range and have only buying kilo and 100-ounce bars this past year. RCM 100-ounce bars have been a good deal as well for .9999.
I am thinking of selling all my silver eagles from a couple 10 plus year old green boxes and replacing them with bars since the silver eagle market seems to be way too high with $15-20 premiums. Might be a good way to get a larger stack for the future.
Further, the lower premium on 100 oz. bars doesn't mean that ASEs are going to lose their premium. Well, they might lose some of it, but I expect that ASE premiums are now pretty much baked in.
Without looking, I would assume that 1 oz. silver rounds would fall between ASEs and 100 oz. bars, in terms of premiums.
Again, liquidity matters, and volume discounting will always apply. Listen to what the market is saying - silver is beginning to act like money again.
Q: Are You Printing Money? Bernanke: Not Literally
da bigger da product da smaller da per oz premium.
"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
@tyler267 said:
Looks like premiums are trending down again. Kind of crazy how they have fluctuated.
Not really. Life in the gutter is for lack of a better term; "Very Predictable". THKS!
yet you stocked up during it's high. LOL
"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
If your point is "low premium," I would argue that a 69% premium is not a low premium.
"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
"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
Can you give us some numbers, for those of us who don't track them daily or weekly ?
My understanding was that pre-Covid premiums were usually about 10-12% for an ASE, or about $3-$4 per coin. Post-Covid, I believe it's been closer to 25-30% or $10-12 per coin.
taking a dip, but still higher than the 45% premium noted with the OP's first set of data. Using the same product for an accurate look at premium movement that ASE is currently on sale at APMEX ($39+) for a premium of 56% plus shipping. We all agree that the APMEX price is high, but because we are using it continuously for premium over spot price we still get an accurate snapshot of silver premiums over spot.
Would be nice if someone here is handy with EXCEL spread sheets and can provide a chart containing all the premiums for that APMEX silver eagle reported in this thread, overlayed with spot prices on the dates of the premium data.
"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
The Director of the Mint, David J. Ryder, resigned Sept 24, 2021. His replacement was Ventris Gibson. Immediately after the change in Director, the Mint’s coin production was cut by 50% from an average of 2.6 million coins per month to 1.3 million. Coin premiums soared as high as 75% which is more than 6 times the typical market rate.
In February 2021 a grass roots movement called “Silver Squeeze” commenced on social media with the group investing in a multitude of silver products including ASE coins. The increased coin demand drove market premiums as high as 30%, far above typical coin premiums.
The Mint’s coin production over the 21 months of Ventris Gibson’s term is the lowest since 2018 (explains why she was able to personally strike only 200 of the 2023 peace dollars. LOL) and only a small fraction, 34%, of the Mint’s prior production in 2015. The restricted production has occurred even though coin premiums have been at record high levels for 3-1/2 years.
Future mint output (supply for the bullion dealers) will continue to dictate ASE 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
I know derby likes to overpay for his gutter but if you must purchase overpriced ASE trinkets they are available all over ebay for $30.50 - $31.00 a coin if you buy them by the roll. I know he likes to keep referencing Apmex and their $40 ASEs. They are no doubt the highest premiums in the industry. Still way overpriced but if your into wasting $$$ at least save yourself $9-$10 per coin. RGDS!
as usual you don't know shite about the trades of others, especially me. LOL
"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
Retail premiums come down slower than wholesale premiums when premiums are falling but rise fast when wholesale premiums are rising. Wholesale Premiums are dropping right now.
current premium for the OP's Apmex silver eagle is 49% plus shipping.
"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
There is no doubt about it…. Premiums across the board are down! Good for those of us still accumulating silver for our collection. Makes absolutely no sense to me why silver is not much higher given everything going on in the world right now and the state of the economy. But I’m definitely not complaining.
@cohodk said:
Screenshot of Apmex website with silver quote (top) and offering prices. Hopefully derryb forgives my questioning of source and timing of data and continues with this thread. It should be fun to monitor. Screenshot taken within 5 min of this posting.
Ok let's go full circle
Here is a screen shot ( in the last 5 minutes) with eagles at $33.03. That's spot plus $10, but you need to order 1500 or more for that discount.
@TwoSides2aCoin said:
Hopefully derryb forgives my questioning of source and timing of data and continues with this thread. It should be fun to monitor.
AMEX premium calculations (at least by me) are based on buying a single random year coin and the silver spot price at the moment of that calculation. There are lower prices available if buying quantity. Current APMEX price for that single coin is $35.02 and spot is $23.03 resulting in a premium of 52%. I don't cherry pick the APMEX data, I simply grab what's current whenever I update premiums here.
And yes, lower ASE premiums can be found elsewhere, but in keeping with the OP's source for data to correctly monitor ASE premium movement I have continued to use his source to ensure an apples to apples comparison.
"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
@cohodk said:
Screenshot of Apmex website with silver quote (top) and offering prices. Hopefully derryb forgives my questioning of source and timing of data and continues with this thread. It should be fun to monitor. Screenshot taken within 5 min of this posting.
Ok let's go full circle
Here is a screen shot ( in the last 5 minutes) with eagles at $33.03. That's spot plus $10, but you need to order 1500 or more for that discount.
Or you could just go to any other dealer on the planet and pay much less. I realize there are those that like to overpay, APMEX doesn't seem to be moving very many these days. RGDS!
@TwoSides2aCoin said:
Hopefully derryb forgives my questioning of source and timing of data and continues with this thread. It should be fun to monitor. > @blitzdude said:
@cohodk said:
Screenshot of Apmex website with silver quote (top) and offering prices. Hopefully derryb forgives my questioning of source and timing of data and continues with this thread. It should be fun to monitor. Screenshot taken within 5 min of this posting.
Ok let's go full circle
Here is a screen shot ( in the last 5 minutes) with eagles at $33.03. That's spot plus $10, but you need to order 1500 or more for that discount.
Or you could just go to any other dealer on the planet and pay much less. I realize there are those that like to overpay, APMEX doesn't seem to be moving very many these days. RGDS!
it's a premium thread, not a buying thread. Troll elsewhere (oops, I see that you already are).
"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
@TwoSides2aCoin said:
Hopefully derryb forgives my questioning of source and timing of data and continues with this thread. It should be fun to monitor. > @blitzdude said:
@cohodk said:
Screenshot of Apmex website with silver quote (top) and offering prices. Hopefully derryb forgives my questioning of source and timing of data and continues with this thread. It should be fun to monitor. Screenshot taken within 5 min of this posting.
Ok let's go full circle
Here is a screen shot ( in the last 5 minutes) with eagles at $33.03. That's spot plus $10, but you need to order 1500 or more for that discount.
Or you could just go to any other dealer on the planet and pay much less. I realize there are those that like to overpay, APMEX doesn't seem to be moving very many these days. RGDS!
it's a premium thread, not a buying thread. Troll elsewhere (oops, I see that you already are).
Yeah, premiums have plummeted everywhere that gutter is sold except ASEs at APMEX. We get it. Looks like you missed the boat again skippy. THKS!
Still way overpriced gutter but $10 less premiums than what those who continually try to propagate above. Look for them to continue much much lower. THKS!
Even your beloved APMEX is advertising tubes of 20 for $7ozt lower than what you keep quoting on a single ASE.
AYDIN, Liberty, Bullion Exchange, DBS Coins all advertising significantly lower than APMEX. And they are CERTAINLY NOT flying off the shelves. And we are talking Ebay PP/CC pricing. Welcome to #Reality RGDS!
In your blind attempt to attack me, you continue to fail to realize that this thread is not about how much ASEs currently cost, it's about the changes and direction of their premiums over spot price. And, as you continue to fail to realize, to do that one must use a consistent measuring stick. The OP chose to use a single ASE from APMEX and anyone who has constructively contributed to this thread has maintained the continuity of that measuring stick.
As usual, you are more concerned about trolling me than becoming a contributor to a valid discussion. But that's OK, we all see you for what you are, cheap entertainment.
PS: Just to keep on topic, the "cheap" ASE tube you posted going for $619.60 is selling for a 36% premium over spot. SEMPER FI MF.
"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
@jmski52 said:
If he doesn't understand the basic premise of this thread, I don't know if there's any good way to enlighten him.
He doesn't come here to understand the thread. He comes here to troll those who have shamed him.
"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
@blitzdude said:
I understand APMEX does not set the gutter market. Droppin like a rock. RGDS!
You still trying to discuss things besides premiums? Do you know what premium means?
"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
Keep pretending your Apmex single ASE premiums the reality. I guess it makes you feel better thinking your gutter metal is worth more when you add in your fantasyland premiums. Stack on Ace. THKS!
Comments
May be big dops in many things. I suspect chicken eggs, firewood and Au not amongst the included. RGDS!
Well, firewood doesn't grow on trees.
Oh wait, yes it does.
Just like paper currency.
Paper money is not made from wood pulp. It's made from linen and cotton.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
No, "paper money" is made from "paper".
But yes, our (United States) currency is made from cotton. So, technically, it doesn't grow on trees. It grows on weeds.
PS:
Some countries have used paper for currency. And "paper money" is a general term for fungible printed documents.
Knowledge is the enemy of fear
I went back to the start of this thread almost exactly 2 years ago! Gold and platinum are doing well if you look at the top bar of spot prices. Palladium cut in half, ouch. Silver spot is actually a bit lower after 2 years of ups and downs, but the premium has again gone up to even more insane levels at APMEX. I may need to break open a big green box one of these days and sell a few rolls. Hard to understand this, in spite of 2 years of forum discussion.
My US Mint Commemorative Medal Set
Silver spot is actually a bit lower after 2 years of ups and downs, but the premium has again gone up to even more insane levels at APMEX. I may need to break open a big green box one of these days and sell a few rolls. Hard to understand this, in spite of 2 years of forum discussion.
It just might be that the real market is trying to tell us that silver is not going to lose it's high premium, because it reflects the real price of silver, not the Comex price. How long before the sober reality sinks in?
I knew it would happen.
@jmski52 said: “It just might be that the real market is trying to tell us that silver is not going to lose it's high premium”
The low premium on 100 oz bars disproves that hypothesis.
I have been purchasing silver with really low premiums in the $2.50 range and have only buying kilo and 100-ounce bars this past year. RCM 100-ounce bars have been a good deal as well for .9999.
I am thinking of selling all my silver eagles from a couple 10 plus year old green boxes and replacing them with bars since the silver eagle market seems to be way too high with $15-20 premiums. Might be a good way to get a larger stack for the future.
My US Mint Commemorative Medal Set
The low premium on 100 oz bars disproves that hypothesis.
Smart money may be buying 100 oz. bars, but liquidity matters. As long as there will be buyers of 100 ozers, it's all good.
In most markets there will always be volume discount pricing. Plan accordingly. Have some of each.
I knew it would happen.
Further, the lower premium on 100 oz. bars doesn't mean that ASEs are going to lose their premium. Well, they might lose some of it, but I expect that ASE premiums are now pretty much baked in.
Without looking, I would assume that 1 oz. silver rounds would fall between ASEs and 100 oz. bars, in terms of premiums.
Again, liquidity matters, and volume discounting will always apply. Listen to what the market is saying - silver is beginning to act like money again.
I knew it would happen.
da bigger da product da smaller da per oz premium.
"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
Interesting. Thanks for posting the comparison!!
Looks like premiums are trending down again. Kind of crazy how they have fluctuated.
Not really. Life in the gutter is for lack of a better term; "Very Predictable". THKS!
yet you stocked up during it's high. LOL
"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
Agree, wholesale premiums are falling, when dealer to dealer premiums drop retail prices eventually follow.
You seem to confuse yourself with me rather frequently. Whatever floats your boat. THKS!
Knowledge is the enemy of fear
If your point is "low premium," I would argue that a 69% premium is not a low premium.
"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
Was just continuing the thread.
Knowledge is the enemy of fear
>
>
>
$2 drop in ASE premium this week.
Knowledge is the enemy of fear
Premiums keep falling.
enjoy. . . . . . while you can.
"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
Can you give us some numbers, for those of us who don't track them daily or weekly ?
My understanding was that pre-Covid premiums were usually about 10-12% for an ASE, or about $3-$4 per coin. Post-Covid, I believe it's been closer to 25-30% or $10-12 per coin.
My LCS is typically 0.715*spot+$5 for junk silver
Successful transactions with: robkool, Walkerguy21D, JimW, Bruce7789, massscrew, Jinx86, jonasdenenbergllc, Yorkshireman, bobsr, tommyrusty7, markelman1125, Kliao, DBSTrader2, SurfinxHI, ChrisH821, CoinHoarder, Bolo, MICHAELDIXON, bigtime36, JWP, 1960NYGiants, fishteeth
Premiums still falling
taking a dip, but still higher than the 45% premium noted with the OP's first set of data. Using the same product for an accurate look at premium movement that ASE is currently on sale at APMEX ($39+) for a premium of 56% plus shipping. We all agree that the APMEX price is high, but because we are using it continuously for premium over spot price we still get an accurate snapshot of silver premiums over spot.
Would be nice if someone here is handy with EXCEL spread sheets and can provide a chart containing all the premiums for that APMEX silver eagle reported in this thread, overlayed with spot prices on the dates of the premium data.
"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
Paid $37 this week squeezing out 2 dollars more.
Why ASE premiums skyrocketed:
The Director of the Mint, David J. Ryder, resigned Sept 24, 2021. His replacement was Ventris Gibson. Immediately after the change in Director, the Mint’s coin production was cut by 50% from an average of 2.6 million coins per month to 1.3 million. Coin premiums soared as high as 75% which is more than 6 times the typical market rate.
In February 2021 a grass roots movement called “Silver Squeeze” commenced on social media with the group investing in a multitude of silver products including ASE coins. The increased coin demand drove market premiums as high as 30%, far above typical coin premiums.
The Mint’s coin production over the 21 months of Ventris Gibson’s term is the lowest since 2018 (explains why she was able to personally strike only 200 of the 2023 peace dollars. LOL) and only a small fraction, 34%, of the Mint’s prior production in 2015. The restricted production has occurred even though coin premiums have been at record high levels for 3-1/2 years.
Future mint output (supply for the bullion dealers) will continue to dictate ASE 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
I know derby likes to overpay for his gutter but if you must purchase overpriced ASE trinkets they are available all over ebay for $30.50 - $31.00 a coin if you buy them by the roll. I know he likes to keep referencing Apmex and their $40 ASEs. They are no doubt the highest premiums in the industry. Still way overpriced but if your into wasting $$$ at least save yourself $9-$10 per coin. RGDS!
as usual you don't know shite about the trades of others, especially me. LOL
"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
Looks like you overpaid again. be sure to check them with your trusty skigma. Stack on ace. LOL
SMH!
Retail premiums come down slower than wholesale premiums when premiums are falling but rise fast when wholesale premiums are rising. Wholesale Premiums are dropping right now.
Wholesale sell price on Silver eagles is now 3.5-3.75. Maples are 2.5-2.75. how much further will they fall?
current premium for the OP's Apmex silver eagle is 49% plus shipping.
"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
There is no doubt about it…. Premiums across the board are down! Good for those of us still accumulating silver for our collection. Makes absolutely no sense to me why silver is not much higher given everything going on in the world right now and the state of the economy. But I’m definitely not complaining.
Ok let's go full circle
Here is a screen shot ( in the last 5 minutes) with eagles at $33.03. That's spot plus $10, but you need to order 1500 or more for that discount.
AMEX premium calculations (at least by me) are based on buying a single random year coin and the silver spot price at the moment of that calculation. There are lower prices available if buying quantity. Current APMEX price for that single coin is $35.02 and spot is $23.03 resulting in a premium of 52%. I don't cherry pick the APMEX data, I simply grab what's current whenever I update premiums here.
And yes, lower ASE premiums can be found elsewhere, but in keeping with the OP's source for data to correctly monitor ASE premium movement I have continued to use his source to ensure an apples to apples comparison.
"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
Or you could just go to any other dealer on the planet and pay much less. I realize there are those that like to overpay, APMEX doesn't seem to be moving very many these days. RGDS!
it's a premium thread, not a buying thread. Troll elsewhere (oops, I see that you already are).
"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
Yeah, premiums have plummeted everywhere that gutter is sold except ASEs at APMEX. We get it. Looks like you missed the boat again skippy. THKS!
Still way overpriced gutter but $10 less premiums than what those who continually try to propagate above. Look for them to continue much much lower. THKS!
Even your beloved APMEX is advertising tubes of 20 for $7ozt lower than what you keep quoting on a single ASE.
AYDIN, Liberty, Bullion Exchange, DBS Coins all advertising significantly lower than APMEX. And they are CERTAINLY NOT flying off the shelves. And we are talking Ebay PP/CC pricing. Welcome to #Reality RGDS!
In your blind attempt to attack me, you continue to fail to realize that this thread is not about how much ASEs currently cost, it's about the changes and direction of their premiums over spot price. And, as you continue to fail to realize, to do that one must use a consistent measuring stick. The OP chose to use a single ASE from APMEX and anyone who has constructively contributed to this thread has maintained the continuity of that measuring stick.
As usual, you are more concerned about trolling me than becoming a contributor to a valid discussion. But that's OK, we all see you for what you are, cheap entertainment.
PS: Just to keep on topic, the "cheap" ASE tube you posted going for $619.60 is selling for a 36% premium over spot. SEMPER FI MF.
"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
If he doesn't understand the basic premise of this thread, I don't know if there's any good way to enlighten him.
I knew it would happen.
He doesn't come here to understand the thread. He comes here to troll those who have shamed him.
"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
I understand APMEX does not set the gutter market. Droppin like a rock. RGDS!
You still trying to discuss things besides premiums? Do you know what premium means?
"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
Keep pretending your Apmex single ASE premiums the reality. I guess it makes you feel better thinking your gutter metal is worth more when you add in your fantasyland premiums. Stack on Ace. THKS!