Premiums are currently running ~$10-$15 over 1oz spot price (depending where you shop) which is ~$27.45 as of 1:20p 02/12/21What is a physical silver eagle worth today if one had an opportunity to buy today? Value in physical 100oz lots?
I
Premiums are currently running ~$10-$15 over 1oz spot price (depending where you shop) which is ~$27.45 as of 1:20p 02/12/21What is a physical silver eagle worth today if one had an opportunity to buy today? Value in physical 100oz lots?
I
Premiums are very high right now with physical silver. In the before, generic 1 oz rounds could be had with a $1.00 per oz premium and sometimes less. US Eagles were typically in the $3-4 premium range.What is a physical silver eagle worth today if one had an opportunity to buy today? Value in physical 100oz lots?
I
Seeing this kind of thing makes me wonder how anyone could ever make any money investing in silver? Seems like you're starting at 30% in the hole aren't you?Premiums are very high right now with physical silver. In the before, generic 1 oz rounds could be had with a $1.00 per oz premium and sometimes less. US Eagles were typically in the $3-4 premium range.
To your question, par Provident Metals the current spot is $27.36/oz. One hundred US Eagles from them would cost you $38.63 per coin or a premium of $11.27 per coin over spot. Provident will buy your Eagles today for $28.54/coin.
I remember when I was younger and people said the same thing when silver was $10oz.Seeing this kind of thing makes me wonder how anyone could ever make any money investing in silver? Seems like you're starting at 30% in the hole aren't you?
Might not be for me then. Hell I don't even buy green bananas anymore!I remember when I was younger and people said the same thing when silver was $10oz.
Physical silver is a long term investment/ hedge against the dollar.
If you think it will hit $50oz then trading paper fiat (before it inflates) for silver @ $30 or $40oz makes sense.
It's all personal choice but it's for sure a risk. I would never suggest more than 10% into PMs. I also just enjoy the collection
Well US Eagles command a very high premium but also have a strong demand. This is true to a slightly lesser extent for other sovereign coins such as Canadian Maple Leafs or Austrian Philharmonics.Seeing this kind of thing makes me wonder how anyone could ever make any money investing in silver? Seems like you're starting at 30% in the hole aren't you?
We bought 55 eagles at $14.45ea OTD...wasn't that long ago either...Well US Eagles command a very high premium but also have a strong demand. This is true to a slightly lesser extent for other sovereign coins such as Canadian Maple Leafs or Austrian Philharmonics.
Early mid 1019 was a good time to buy. I bought a few Philharmonics from Provident for $15.63. They are selling them for $33.67 now and have a buy back price of $28.39. I could probably sell them for a higher price than that but if I sold them back to Provident I would realize an annual return of 39.85%.
When supply or spot price is down then premiums go up.So it sounds like there's more to it than simply $$/oz.? By that I mean it sounds like coins command a premium over say, bullion. Is that correct? In other words an ounce doesn't always equal an ounce when it comes to cost/value.
Okay, but is it true that at any given moment, a 1 oz. coin is worth more than a 1 oz. bar? That's where I was going with that.When supply or spot price is down then premiums go up.
When a dealer is sitting on silver that isn't moving then premiums go down.
Okay, but is it true that at any given moment, a 1 oz. coin is worth more than a 1 oz. bar? That's where I was going with that.
Thanks, and I understand that (numismatic vs. not), but that's still really not what I'm asking or trying to understand I guess. Put simply, is a 1 oz. Silver Eagle worth more than a plain 1 oz. silver bar? Or is the cost per ounce the same, with only the premium being the variable (higher for the coin)? If it's indeed only the premium that varies, then it seems like the bar would be a better investment. But I know nothing about this stuff, so I appreciate the info!View attachment 125327 View attachment 125328 View attachment 125329 View attachment 125330
BULLION VS. NUMISMATIC COINS: Difference between Bullion and Numismatic Coins
What in is the difference between a bullion and a numismatic coin?www.google.com
Yes, yesis the cost per ounce the same, with only the premium being the variable (higher for the coin)? If it's indeed only the premium that varies, then it seems like the bar would be a better investment.
Okay cool. I just wanted to make sure I was understanding correctly. Sorry to be so dense!Yes, yes
No you're not dense, you're understanding it.Okay cool. I just wanted to make sure I was understanding correctly. Sorry to be so dense!
Put simply, is a 1 oz. Silver Eagle worth more than a plain 1 oz. silver bar? Or is the cost per ounce the same, with only the premium being the variable (higher for the coin)? If it's indeed only the premium that varies, then it seems like the bar would be a better investment. But I know nothing about this stuff, so I appreciate the info!