Is anyone actually paying these crazy premiums on 1oz coins atm?.

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PatKnowall

New Member
So I was thinking of purchasing some Brittania's from Bullion now when they release them in the next few days but I'm guessing they are going to be around $43 a coin like some of the other coins they are selling. My question is. Are any of you actually buying 1oz coins atm because I spoke to a lot of people I know stacking silver and they all said they are waiting for the silver price to crash and that it's just a phase because of COVID being here atm. I keep thinking about Perth mints kangaroos that were $28 a coin a few weeks ago and now they are asking $38 and I just can't bring myself to buy some knowing how cheap they were before all this COVID stuff.

People are saying silver may go really high as high as $100 an ounce but I'm just not really buying that this will happen and if it did I don't think anyone would wanna buy silver anymore at this price?.
 
whay said:
The worth of silver/gold coin has never change.
Your $ like all fiats are going down and will be worth zero someday!
I consider the the ability to exchange worthless paper for real money a privilege.
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Yeh alot of stackers have told me to wait till silver crashes back down again. Think ill listen to them hey cause $43 a coin is really really stupid. If you buy it at that you will never get your money back.
 
It wouldn't get to that price if people weren't paying that price. I can't see it not getting to at least previous high from this point. gold has just broken all time highs, and IMO silver is sure to follow to at least the highs and probably higher IMO

The premiums are pretty high and spot's up but I've still been buying some coins, only as a gift for a baby that will be born later this year. Trying to get as many world silver coins as I can for him.
For my own personal stack, I've been going for anything that I can pick up cheaply. I've found a few good deals. picked up some scrap for $24.5 an oz when spot was pushing past $30.. So there is affordable silver out there to be had.. You've just gotta look :P
 
Yeh i might have to keep looking around hey.

shinymetal said:
It wouldn't get to that price if people weren't paying that price. I can't see it not getting to at least previous high from this point. gold has just broken all time highs, and IMO silver is sure to follow to at least the highs and probably higher IMO

The premiums are pretty high and spot's up but I've still been buying some coins, only as a gift for a baby that will be born later this year. Trying to get as many world silver coins as I can for him.
For my own personal stack, I've been going for anything that I can pick up cheaply. I've found a few good deals. picked up some scrap for $24.5 an oz when spot was pushing past $30.. So there is affordable silver out there to be had.. You've just gotta look :p
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leo25 said:
Current premiums for 1oz coins makes no sense to me. $10 above spot for a generic coin is crazy! Save your money and buy bars or wait until premiums for coins fall back to about $4 above spot.
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Yeh I'm definitely going to wait hey. I feel like the silver price will fall pretty soon because the only people stupid enough to buy silver atm are new comers or people just falling for the $100 a oz hype.
 
The premiums may come down, they may not, this might be the new normal, they might even rise higher.
This video says wholesale premiums are going higher.
I've also been buying a bit of unallocated recently. I've worked my way up to a KG, so when the dealer gets KG bars in I will get it barred. Last time they had KG's in the premiums were more reasonable.
It was always a possibility that the spot and physical price would diverge. That could be what's happening.
Dealers are selling for more, but it's also selling for more on here, so that sort of evens it out.
 
mongrelmaple said:
This is exactly why you should be buying gold right now ;) premiums are a LOT more acceptable than silver right now, and a lot less volatile!
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yeh, I have been thinking of buying some gold because gold keeps slowly going up atm and it's only getting more scarce isn't it. I just can't believe what they are charging for silver atm. i had one dealer say to me its still cheap when he was selling 1 coin for $48 i was shocked.
 
Silver Soul said:
As a silver stacker I like $48 for a 1once silver coin. I'm not crying that's for sure. I will be happier when it blows through the $100 per once if I'm still alive :cool:
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You actually like paying $48 for a 1oz coin. You have to be the only silver stacker I know who has said this out of like 40 people who I have spoken to. But I guess each to their own.
 
Jason1 said:
I wouldnt pay those premiums.
Sure fire way to lose money
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Yeh, how is silver an investment once your paying $40-48 for a 1oz coin. It's crazy. You would have to wait for 10-15yrs to see a return on it. I think once all the hype dies down it will be back to $26 a ounce hopefully.
 
if you pick kangaroos, two downsides there is no collectible value, just metal..this is over paying the metal.
and for boxes that flow through dealers, the value preservation premiums is not there

unlike vintage items that preserved the premium better

1kg Pamp = 1kg PM bar = same price
its like paying for the ASE price and getting a Koala coin, depending on locations too

like saying we never got to see the $!8 silver again, but it went to $12 (spot)

as long as it can move, people would buy them, rightly or wrongly then cry later
 
Silver Soul said:
I didn't say I was paying $48 per ounce. As a long term stacker I like the price where it is
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And alot higher:), but those that are just starting out and have limited ounces than obviously you would want to buy more ounces and add to your stack as cheaply as you could
 
Boyscout said:
And alot higher:), but those that are just starting out and have limited ounces than obviously you would want to buy more ounces and add to your stack as cheaply as you could
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for some people, keeping the silver shots are ok, since they can poured it to bars etc
the ability to move the ounces without having to discount it heavily is one major concern

Platinum at $888 on my 8,888 message
 
I am happy with spot going in either direction

If it goes up enough i can pay of the blasted mortgage.

If it drops then i can buy in the dip and add ounces so that when it goes up again i can hopefully be closer to been able to pay off the blasted mortgage

Then start the stacking game all over again:)
 
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