Local farmers market had Black Angus T-bones, porterhouse and sirloin fillets all $10.99/lb, Holding off on the lettuce until it starts multiplying in the garden. May need to invest in a year round hydro greenhouse for the salad greens. Crazy Times. RGDS!
"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
Local farmers market had Black Angus T-bones, porterhouse and sirloin fillets all $10.99/lb, Holding off on the lettuce until it starts multiplying in the garden. May need to invest in a year round hydro greenhouse for the salad greens. Crazy Times. RGDS!
ASE always commands a premium over other govt issues but the gap is much wider at the moment probably due to the fact that they stopped shipping type 1 coins in early April in preparation of the Type 2 release. There has been no change in mint released ASE sales figures for almost 5 weeks. Once Type 2 starts shipping I am sure the premium will remain high due to people wanting the new design but once people have their type 2 example look for premiums to drop significantly.
Well, ten months later the mint is spitting out ASEs like bad fish and the premium gap continues to grow.
Spitting ASEs out like badfish? 2022 has the lowest number of ASEs minted at this point since 2018.
I've never paid more than $2 over for an ASE and I have green boxes full of them. Anyone paying 63% premiums needs to have their head examined not to mention they will be extremely disappointed when they decide to sell. As for your big profit, you're not even back to break even. LOL gutter cant even keep up with inflation.
If the "gutter" metal isn't keeping up with inflation, then why do you keep "green boxes" of it ?
If the "gutter" metal isn't keeping up with inflation, then why do you keep "green boxes" of it ?
I think that he's internally conflicted about silver and wonders why everyone else has had better experiences buying & holding it. He hasn't thought about or realized the utility of silver in situations where gold would be overkill.;)
Q: Are You Printing Money? Bernanke: Not Literally
ASE always commands a premium over other govt issues but the gap is much wider at the moment probably due to the fact that they stopped shipping type 1 coins in early April in preparation of the Type 2 release. There has been no change in mint released ASE sales figures for almost 5 weeks. Once Type 2 starts shipping I am sure the premium will remain high due to people wanting the new design but once people have their type 2 example look for premiums to drop significantly.
Well, ten months later the mint is spitting out ASEs like bad fish and the premium gap continues to grow.
Spitting ASEs out like badfish? 2022 has the lowest number of ASEs minted at this point since 2018.
I've never paid more than $2 over for an ASE and I have green boxes full of them. Anyone paying 63% premiums needs to have their head examined not to mention they will be extremely disappointed when they decide to sell. As for your big profit, you're not even back to break even. LOL gutter cant even keep up with inflation.
If the "gutter" metal isn't keeping up with inflation, then why do you keep "green boxes" of it ?
Badfish just patiently waiting for the next sucker fish. THKS!
ASE always commands a premium over other govt issues but the gap is much wider at the moment probably due to the fact that they stopped shipping type 1 coins in early April in preparation of the Type 2 release. There has been no change in mint released ASE sales figures for almost 5 weeks. Once Type 2 starts shipping I am sure the premium will remain high due to people wanting the new design but once people have their type 2 example look for premiums to drop significantly.
Well, ten months later the mint is spitting out ASEs like bad fish and the premium gap continues to grow.
Spitting ASEs out like badfish? 2022 has the lowest number of ASEs minted at this point since 2018.
I've never paid more than $2 over for an ASE and I have green boxes full of them. Anyone paying 63% premiums needs to have their head examined not to mention they will be extremely disappointed when they decide to sell. As for your big profit, you're not even back to break even. LOL gutter cant even keep up with inflation.
If the "gutter" metal isn't keeping up with inflation, then why do you keep "green boxes" of it ?
Badfish just patiently waiting for the next sucker fish. THKS!
That seems ridiculous. You can get a good price for them right now, with a relatively high premium, from several major dealers. So why not sell out now ?
@dcarr said:
I needed about 25 Silver Eagles for a minting project.
I went to a local coin shop and they had some mixed dates (not culls) for $8 over spot.
Could you have substituted another form of silver for that project, such as Maples?
@dcarr said:
I needed about 25 Silver Eagles for a minting project.
I went to a local coin shop and they had some mixed dates (not culls) for $8 over spot.
Could you have substituted another form of silver for that project, such as Maples?
ASE always commands a premium over other govt issues but the gap is much wider at the moment probably due to the fact that they stopped shipping type 1 coins in early April in preparation of the Type 2 release. There has been no change in mint released ASE sales figures for almost 5 weeks. Once Type 2 starts shipping I am sure the premium will remain high due to people wanting the new design but once people have their type 2 example look for premiums to drop significantly.
Well, ten months later the mint is spitting out ASEs like bad fish and the premium gap continues to grow.
Spitting ASEs out like badfish? 2022 has the lowest number of ASEs minted at this point since 2018.
I've never paid more than $2 over for an ASE and I have green boxes full of them. Anyone paying 63% premiums needs to have their head examined not to mention they will be extremely disappointed when they decide to sell. As for your big profit, you're not even back to break even. LOL gutter cant even keep up with inflation.
If the "gutter" metal isn't keeping up with inflation, then why do you keep "green boxes" of it ?
Badfish just patiently waiting for the next sucker fish. THKS!
That seems ridiculous. You can get a good price for them right now, with a relatively high premium, from several major dealers. So why not sell out now ?
I have been converting physical to paper gutter for the better part of a year now, maybe closer to 2 years. Albeit, I'm a patient frugal man. It was simply an investment, obviously not a great one. But then $$$ are $$$. RGDS!
ASE always commands a premium over other govt issues but the gap is much wider at the moment probably due to the fact that they stopped shipping type 1 coins in early April in preparation of the Type 2 release. There has been no change in mint released ASE sales figures for almost 5 weeks. Once Type 2 starts shipping I am sure the premium will remain high due to people wanting the new design but once people have their type 2 example look for premiums to drop significantly.
Well, ten months later the mint is spitting out ASEs like bad fish and the premium gap continues to grow.
Spitting ASEs out like badfish? 2022 has the lowest number of ASEs minted at this point since 2018.
I've never paid more than $2 over for an ASE and I have green boxes full of them. Anyone paying 63% premiums needs to have their head examined not to mention they will be extremely disappointed when they decide to sell. As for your big profit, you're not even back to break even. LOL gutter cant even keep up with inflation.
If the "gutter" metal isn't keeping up with inflation, then why do you keep "green boxes" of it ?
Badfish just patiently waiting for the next sucker fish. THKS!
That seems ridiculous. You can get a good price for them right now, with a relatively high premium, from several major dealers. So why not sell out now ?
I have been converting physical to paper gutter for the better part of a year now, maybe closer to 2 years. Albeit, I'm a patient frugal man. It was simply an investment, obviously not a great one. But then $$$ are $$$. RGDS!
Premiums on Silver Eagles are near an all time high. You could exchange all of them for "paper" silver at the rate of about 7:5 (seven ounces of "paper" silver for every five Silver Eagles). You could do it tomorrow. What are you waiting for ?
ASE always commands a premium over other govt issues but the gap is much wider at the moment probably due to the fact that they stopped shipping type 1 coins in early April in preparation of the Type 2 release. There has been no change in mint released ASE sales figures for almost 5 weeks. Once Type 2 starts shipping I am sure the premium will remain high due to people wanting the new design but once people have their type 2 example look for premiums to drop significantly.
Well, ten months later the mint is spitting out ASEs like bad fish and the premium gap continues to grow.
Spitting ASEs out like badfish? 2022 has the lowest number of ASEs minted at this point since 2018.
I've never paid more than $2 over for an ASE and I have green boxes full of them. Anyone paying 63% premiums needs to have their head examined not to mention they will be extremely disappointed when they decide to sell. As for your big profit, you're not even back to break even. LOL gutter cant even keep up with inflation.
If the "gutter" metal isn't keeping up with inflation, then why do you keep "green boxes" of it ?
Badfish just patiently waiting for the next sucker fish. THKS!
That seems ridiculous. You can get a good price for them right now, with a relatively high premium, from several major dealers. So why not sell out now ?
I have been converting physical to paper gutter for the better part of a year now, maybe closer to 2 years. Albeit, I'm a patient frugal man. It was simply an investment, obviously not a great one. But then $$$ are $$$. RGDS!
Premiums on Silver Eagles are near an all time high. You could exchange all of them for "paper" silver at the rate of about 7:5 (seven ounces of "paper" silver for every five Silver Eagles). You could do it tomorrow. What are you waiting for ?
It's been happening. and not just paper gutter, crypto, physical gold, butter, beans, oil stocks, farmland, etc. All the good stuff!
Premium on that single ASE from APMEX (plus shipping) is now at 63%.
"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'm getting 33 dollars each for maria theresa thalers at might little antique booth that is a decent premium 75% or so
A guy bought the dozen I had out and left a note asking for more.
esthetics plays into it , I had 4 modern proof silver dollars priced at 33 bucks also and no one wants those. slightly higher silver content and US branded but yuck
Maria Theresa thalers have that old world charm, the thin planchet the way the edges are done , the font everything really, it just looks like a treasure coin. Contrast that with the hideous designs of the modern dollars , really the only silver uglier might be 1976 montreal olympic 5 or 10 dollar coins well silver 1970's coins from Israel are almost as vomit inducing now that i think of it
Local coin store selling ASE's for $38 Owner is paying $35 from his supplier . I said thats crazy what else you got ?
He says prooflike 1964-66 Canadian dollars for $18 each I bought 5 of those , and some cardboard 2x2 's for $100
The 65's have a few varieties I'll look them over
1 oz of silver is less than 1.2 ounces of silver last time I checked . 30 bucks an ounce is ok and I like them so why not
90% halfs were selling for 23x thats 31 bucks an ounce . Much better deal than $38 an ounce I was going to pick thru those until I saw the Canada dollars.
there is no way I am paying 38 bucks for an ASE unless spot is 35 thats just stupid. If all physical is 10 bucks over spot for some reason then I guess I might but eagles are boring and not at all rare there is no exit strategy for that
there is no way I am paying 38 bucks for an ASE unless spot is 35 thats just stupid. If all physical is 10 bucks over spot for some reason then I guess I might but eagles are boring and not at all rare there is no exit strategy for that
Yet someone is paying 38 bucks for an ASE and as long as they continue to do so, you will remain on the sideline. Eventually the time will come when all buyers of physical are not be restrained by what they are told is the spot price. Apparently many have already freed themselves from that ball-and-chain when it comes to ASEs. How long before it spreads to other silver products?
"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
@MsMorrisine said:
Terrible ball and chain looking to spot to determine what is cheaper and indicating options in other products
We have been conditioned to turn to spot when determining value of physical. They are two entirely different markets. ASE buyers realize this.
Kinda like pricing a soft drink or a Big Mac based on the price of its stock when in reality the price of the stock is based on the successful pricing and sales of the actual product.
"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: I was at a local coin club show last weekend. There was less than two rolls worth of Silver Eagles in the whole room combined.
One dealer did have several rolls of silver Canada Maple Leafs.
I would be interested in knowing peoples' opinions on why such scarcity at a coin show.
How were the premiums on the silver coins that were there?
I didn't ask for a price on any of the Silver Eagles - I assumed the premium would be the going rate.
Only one dealer had some loose (bulk) Morgan & Peace dollars. They were $35 each for about 50 of them, cleaned and cull 1921 Morgan and Peace. A local shop here in town has some that were a little better for $30 each, however.
I sold about a dozen 90% silver half dollars for 21.5 times face value.
@MsMorrisine said:
Terrible ball and chain looking to spot to determine what is cheaper and indicating options in other products
We have been conditioned to turn to spot when determining value of physical. They are two entirely different markets. ASE buyers realize this.
And some.have been conditioned to believe that a single 1 oz silver dollar issued by the US Mint determines the value of silver. You have your opinion, while most folk have another.
The 1 qt bottle of Penzoil does not determine the price of oil.
premiums are telling us that the futures market is losing its grip on reality. One can only hope that they lose it entirely.
"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
@alifaxwa2 said:
Random question. What were premiums on ASEs in the year before covid?
Pre covid , I was selling eagles at spot plus $5. Now I'm having to pay spot plus $10.75 to acquire. No walk-ins selling eagles, either. Rarely, that is.
if covid were responsible for higher silver finished product premiums we would see an equal increase in gold finished product premiums. Demand is the reason, not supply.
"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
Gold is near an all-time high and premiums are historically high. Gutter metal is less than half its all-time high and premiums are historically high, ASE premiums are very high. Every commodity on the planet is historically up big but not so much on the gutter. Covid among multiple other things has a large part to do with all of it. RGDS!
@blitzdude said:
Gold is near an all-time high and premiums are historically high. Gutter metal is less than half its all-time high and premiums are historically high, ASE premiums are very high. Every commodity on the planet is historically up big but not so much on the gutter. Covid among multiple other things has a large part to do with all of it. RGDS!
BS.
ASE premiums are at 63%, AGE premiums are at 7%. It's not a covid induced supply issue, it's a physical metal demand issue. There's currently plenty of supply of gold and silver, but obviously much greater demand for silver.
"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
@bronco2078 said:
are the eagles fully vaccinated? maybe thats why the premium is so high ?
If they had half a brain they would be but highly doubt it would influence the premium. We have no way to know for sure. My SLV has 0% premium. I may buy gutter ASEs again when the premiums are back in the -$1.00-+2.00 range. GD LCK!! Seriously!!!
@blitzdude said:
Gold is near an all-time high and premiums are historically high. Gutter metal is less than half its all-time high and premiums are historically high, ASE premiums are very high. Every commodity on the planet is historically up big but not so much on the gutter. Covid among multiple other things has a large part to do with all of it. RGDS!
BS.
ASE premiums are at 63%, AGE premiums are at 7%. It's not a covid induced supply issue, it's a physical metal demand issue. There's currently plenty of supply of gold and silver, but obviously much greater demand for silver.
You seemed to indicate that supply was the issue in this thread.
but why are premiums on silver so much out of whack vs. other PMs?
"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
still answering questions with more questions? 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
"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
Comments
Not currently buying gutter. It's overpriced. Adding Gold, ETH. BTC, oil, wheat, corn, lean hogs, butter, beans, etc. RGDS!
Added steak today
Lettuce later tonight
Local farmers market had Black Angus T-bones, porterhouse and sirloin fillets all $10.99/lb, Holding off on the lettuce until it starts multiplying in the garden. May need to invest in a year round hydro greenhouse for the salad greens. Crazy Times. RGDS!
gardens are better dried beans. Congrats.
"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
Nice picture,
That metal should be cold to the touch?
Cant tell with what she's wearing.
Thinking about it, that must be a tiered system?
Silver, gold , platinum and high roller.
Home grown venison for me tonight. Nothin finer.
Knowledge is the enemy of fear
If the "gutter" metal isn't keeping up with inflation, then why do you keep "green boxes" of it ?
I needed about 25 Silver Eagles for a minting project.
I went to a local coin shop and they had some mixed dates (not culls) for $8 over spot.
If the "gutter" metal isn't keeping up with inflation, then why do you keep "green boxes" of it ?
I think that he's internally conflicted about silver and wonders why everyone else has had better experiences buying & holding it. He hasn't thought about or realized the utility of silver in situations where gold would be overkill.;)
I knew it would happen.
Badfish just patiently waiting for the next sucker fish. THKS!
That seems ridiculous. You can get a good price for them right now, with a relatively high premium, from several major dealers. So why not sell out now ?
Could you have substituted another form of silver for that project, such as Maples?
Knowledge is the enemy of fear
No, I needed the large diameter of Silver Eagles.
Called my guy today. Silver eagles are spot plus $10.75 plus shipping
Buy them from derry. He doesnt believe in those premiums and offers them at lower prices.
Knowledge is the enemy of fear
I have been converting physical to paper gutter for the better part of a year now, maybe closer to 2 years. Albeit, I'm a patient frugal man. It was simply an investment, obviously not a great one. But then $$$ are $$$. RGDS!
Premiums on Silver Eagles are near an all time high. You could exchange all of them for "paper" silver at the rate of about 7:5 (seven ounces of "paper" silver for every five Silver Eagles). You could do it tomorrow. What are you waiting for ?
Acushnet river antiques in New Bedford Mass, early 2000's era ASE's in those littletonian blister packs marked $52 each and they charge sales tax too.
I saw one sell for $52 while I was there today.
I have some in my booth about 20 miles away for $35 each that are not selling at all.
To be fair these were from littleton coin the owner may only be breaking even at $52
It's been happening. and not just paper gutter, crypto, physical gold, butter, beans, oil stocks, farmland, etc. All the good stuff!
Premium on that single ASE from APMEX (plus shipping) is now at 63%.
"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'm getting 33 dollars each for maria theresa thalers at might little antique booth that is a decent premium
75% or so
A guy bought the dozen I had out and left a note asking for more.
esthetics plays into it , I had 4 modern proof silver dollars priced at 33 bucks also and no one wants those. slightly higher silver content and US branded but yuck
Maria Theresa thalers have that old world charm, the thin planchet the way the edges are done , the font everything really, it just looks like a treasure coin. Contrast that with the hideous designs of the modern dollars , really the only silver uglier might be 1976 montreal olympic 5 or 10 dollar coins
well silver 1970's coins from Israel are almost as vomit inducing now that i think of it 
I was at a local coin club show last weekend. There was less than two rolls worth of Silver Eagles in the whole room combined.
One dealer did have several rolls of silver Canada Maple Leafs.
I was at a local coin club show last weekend. There was less than two rolls worth of Silver Eagles in the whole room combined.
One dealer did have several rolls of silver Canada Maple Leafs.
I would be interested in knowing peoples' opinions on why such scarcity at a coin show.
How were the premiums on the silver coins that were there?
I knew it would happen.
Local coin store selling ASE's for $38 Owner is paying $35 from his supplier . I said thats crazy what else you got ?
He says prooflike 1964-66 Canadian dollars for $18 each I bought 5 of those , and some cardboard 2x2 's for $100
The 65's have a few varieties I'll look them over
1 oz of silver is less than 1.2 ounces of silver last time I checked . 30 bucks an ounce is ok and I like them so why not
90% halfs were selling for 23x thats 31 bucks an ounce . Much better deal than $38 an ounce I was going to pick thru those until I saw the Canada dollars.
there is no way I am paying 38 bucks for an ASE unless spot is 35 thats just stupid. If all physical is 10 bucks over spot for some reason then I guess I might but eagles are boring and not at all rare there is no exit strategy for that
Yet someone is paying 38 bucks for an ASE and as long as they continue to do so, you will remain on the sideline. Eventually the time will come when all buyers of physical are not be restrained by what they are told is the spot price. Apparently many have already freed themselves from that ball-and-chain when it comes to ASEs. How long before it spreads to other silver products?
"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
Terrible ball and chain looking to spot to determine what is cheaper and indicating options in other products
We have been conditioned to turn to spot when determining value of physical. They are two entirely different markets. ASE buyers realize this.
Kinda like pricing a soft drink or a Big Mac based on the price of its stock when in reality the price of the stock is based on the successful pricing and sales of the actual product.
"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'm not inclined to dump any of my ASEs for $38. Not doing it.
I knew it would happen.
I didn't ask for a price on any of the Silver Eagles - I assumed the premium would be the going rate.
Only one dealer had some loose (bulk) Morgan & Peace dollars. They were $35 each for about 50 of them, cleaned and cull 1921 Morgan and Peace. A local shop here in town has some that were a little better for $30 each, however.
I sold about a dozen 90% silver half dollars for 21.5 times face value.
And some.have been conditioned to believe that a single 1 oz silver dollar issued by the US Mint determines the value of silver. You have your opinion, while most folk have another.
The 1 qt bottle of Penzoil does not determine the price of oil.
Knowledge is the enemy of fear
If people are going to pay 38 I'll sell all my eagles . Except for the 5 coin sets I still have tucked away and the 1996's might as well hold those
premiums are telling us that the futures market is losing its grip on reality. One can only hope that they lose it entirely.
"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
Random question. What were premiums on ASEs in the year before covid?
Commissions
Check out my Facebook page
Its not easy to look that up unless you took a screen shot.
Which isnt a bad idea going forward
Pre covid , I was selling eagles at spot plus $5. Now I'm having to pay spot plus $10.75 to acquire. No walk-ins selling eagles, either. Rarely, that is.
if covid were responsible for higher silver finished product premiums we would see an equal increase in gold finished product premiums. Demand is the reason, not supply.
"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
Gold is near an all-time high and premiums are historically high. Gutter metal is less than half its all-time high and premiums are historically high, ASE premiums are very high. Every commodity on the planet is historically up big but not so much on the gutter. Covid among multiple other things has a large part to do with all of it. RGDS!
are the eagles fully vaccinated? maybe thats why the premium is so high ?
BS.
ASE premiums are at 63%, AGE premiums are at 7%. It's not a covid induced supply issue, it's a physical metal demand issue. There's currently plenty of supply of gold and silver, but obviously much greater demand for silver.
"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 they had half a brain they would be but highly doubt it would influence the premium. We have no way to know for sure. My SLV has 0% premium. I may buy gutter ASEs again when the premiums are back in the -$1.00-+2.00 range. GD LCK!! Seriously!!!
You seemed to indicate that supply was the issue in this thread.
https://forums.collectors.com/discussion/1072825/silver-gold-planchet-shortage-coming-to-the-us-mint#latest
Premium on 100oz was about 2.85 back in Dec and 3.99 now. Thats a 40% increase in premium!! Shoulda bought them!!
Knowledge is the enemy of fear
As of 8:32am est on 4.13.22:
APMEX Price= $43.55
Spot= $25.82
Premium= $17.73 or 69% over spot
Supply chain issues at a time of inflation & rising prices = higher & higher premiums.
I knew it would happen.
but why are premiums on silver so much out of whack vs. other PMs?
"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
Are they really?
Whats the premium on 1/10 oz plat eagles?
Whats the premium on 1/10 oz gold eagles?
Knowledge is the enemy of fear
still answering questions with more questions? 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
Question too hard for you?
Knowledge is the enemy of fear
which question?
"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
Darn narcissist!!!! Haha
Knowledge is the enemy of fear