90% Silver premiums

[skeeterd]

When silver dropped below $30 last month, I bought ten dollars face value in 90% coins from an online dealer for $225.95 or $31.23 per ounce of pure silver. Silver was at 29.91 when I made the purchase, making my premium $1.32. Yesterday I checked the same online dealer for prices, and now they are charging $228.95 for ten dollars in face value. The spot price when I checked this was $28.84. So now it costs $31.63 per ounce of pure silver and the premium is $2.79.
Anybody else see this happening? I only looked at one online dealer, and maybe they're the only one doing this, but I doubt it.

 

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[TreasurePirate69]

APMEX and Provident both have premiums around 15% on 90% silver coins. The premiums on generic silver rounds are only currently around 5-10%. The premiums on 90% silver seem awfully high to me.

 

[jim4silver]

The premiums on 90% have gone up quite a bit. I don't know why anyone would pay such high premiums when they can get .999 for less, assuming the .999 is well known brand bars/rounds.

Jim

 

[Marchas45]

How about this Jim, I bought 9 of these for $45 ea. and their selling on fleabay for $135.00 it's called the Double Revers for members only at SBSS. Not bad,

 

[TreasurePirate69]

How about this Jim, I bought 9 of these for $45 ea. and their selling on fleabay for $135.00 it's called the Double Revers for members only at SBSS. Not bad,

Nice! Sounds like you made a smart buy.

 

[skeeterd]

I guess I should have called this thread "silver premiums". Ebay has junk silver coins with a premium of about 15% and ASE's 25%. Silvertowne has about 8 or 9 % on junk coins and 10 ounce silver bars. Provident metals is about 15% on junk silver and the cheapest 10 ounce bars are 5%.

 

[jim4silver]

How about this Jim, I bought 9 of these for $45 ea. and their selling on fleabay for $135.00 it's called the Double Revers for members only at SBSS. Not bad,


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Nice looking rounds Charlie, but for $135 I would sell them all right now. I would imagine that any premiums on private minted stuff don't last forever.

Jim

 

[Marchas45]

@Jim LMAO I have them all on ebay except for one and when they sell, more Fiat for more Silver. Lol