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Silver coin premiums will continue to rise
- Tuesday, January 14 2014 @ 01:17 pm EST
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The premium paid by buyers of silver coins (price of coin in excess of the price of the silver bullion in the coin) is expected to rise even further as demand for coins continues to rise. This is in the face of many dire predictions that the price of silver futures contracts will continue to decline. is not n the United States and the U.S. Mint eases supply. Bloomberg reports that;
"The premium charged by wholesale dealers for American Eagle coins from the U.S. Mint may rise to 17 percent from 14 percent yesterday, said Frank McGhee, the head dealer at Integrated Brokerage Services LLC in Chicago. The mint has said that weekly allocations will ease."
The decline in the futures price of silver has made silver coins very attractive for investors who want a low cost way to get into tangible investments of precious metals. This will be pricing trend will be exaggerated if the US Mint and other popular silver coin producers start reducing their silver coin mintages/allocations.
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