Premiums on silvercoins

N

ninteno

Member
Premiums are rising with lower silverprices.

The lower silver will become, the higher the premium are.
There are different reasons. One is the cost of minting them in relation to POS.
The lower POS is the more cost of minting in % will reflect in retail price.

Another reason is the stock dealers have directly for sale and the demand

Some Dealers show the premium directly

Idea is to fill this topic over the time.
 
I start with ASE in US$

POS = 14.24, premium is 4.29$ ( buying a masterbox ) = 30%+
Buying only a tube premium is 38%

Source is apmex

90% scrap silver has even a higher premium which i do not really understand.
Please correct me if ia m wrong.

Also to mention no tax is included.
 
It makes sense that premiums on blobs will rise at a certain low spot price....if premiums on blobs are rising now (I haven't price compared), I wouldn't be surprised. Dealers have to cover their costs of business.

They provide us a good service....we thank them for that and pay the slight bump in premium they ask. I don't see any problem.




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PREMIUMS really can be a pain...
Thats why I am generally buying ag-KILOBARS, the Premium is moderate and they are easy to trade.
For non-numismatic coins, as JUNKSILVER and BULLION rounds i am reluctant to pay substantially over spot.
From private sellers it is possible to get close to spot junksilver here in switzerland, as long as its BULKBUYING.
For individual coins of junksilver (pre 1967 Schweizerfranken) you generally pay through the nose.
Same I experienced in Germany whilst searching for a handful of "HEIERMANN SILBERMARK 5 DM" finally found a small jeweller who had a tupperware full of melt-Silver and some "Heiermnner".
 
ninteno said:
Premiums in germany are 25% for ASE, Maples
7% tax is included
Click to expand...

Hi Ninteno,

Wondering how the tax situation is in Germany.
What is the GST bzw. MwSt on Silverbars/Bullion?
is there a GST on Goldbars/Bullion?

Cheers,

Daniel
 
I would have to agree that the premiums have risen. The other day when spot was 14.10 the best price I could find was 1.10/oz over spot. A few weeks ago at spot 15-15.50 you could pick up a 10 oz bar at .79-1.00 over spot. Within hours of me buying the kilo bar they sold out and put some up for presage at 1.29 over spot even as spot was going up. It's all in the timing it seems.
 
SwissSilverstar said:
ninteno said:
Premiums in germany are 25% for ASE, Maples
7% tax is included
Click to expand...

Hi Ninteno,

Wondering how the tax situation is in Germany.
What is the GST bzw. MwSt on Silverbars/Bullion?
is there a GST on Goldbars/Bullion?

Cheers,

Daniel
Click to expand...

Silver Bullion is 7%, Gold Bullion is 0%
 
I have learned in 2008 that at some point of time it does not matter what the POS is as there was no chance to buy silver bullion lower than 10 or maybe a very little lower than that.
Increasing premiums with lower POS shows to us when we are in a price area physical does not go lower because there is no supply. In 2008 POS lows premium for bullion was 45-55%
So for that reason it makes sense to watch what premiums are .

@ swisssilver - silver german marks are a good hedge for Silverinvestors as they are still convertible to . The lower POS is going the closer the face value hits POS.
Premiums are rising a lot. In times we were seeing 30 and more each once they were traded lower than POS ( around 5% )

10 925 silver coins are momantary around 11 - 11.20. They contain 15.5gr 925 AG (10-12%)
The older 10 Mark and 5 Mark (625 silver) are closer to POS so we have a bit higher premium for them (12-14%)
 
in OZ there are also junk silver coins (pre 1966 50s if i am right)
Maybe someone can post the momantary premium asked for them
 
ninteno said:
I have learned in 2008 that at some point of time it does not matter what the POS is as there was no chance to buy silver bullion lower than 10 or maybe a very little lower than that.
Increasing premiums with lower POS shows to us when we are in a price area physical does not go lower because there is no supply. In 2008 POS lows premium for bullion was 45-55%
So for that reason it makes sense to watch what premiums are .

@ swisssilver - silver german marks are a good hedge for Silverinvestors as they are still convertible to . The lower POS is going the closer the face value hits POS.
Premiums are rising a lot. In times we were seeing 30 and more each once they were traded lower than POS ( around 5% )

10 925 silver coins are momantary around 11 - 11.20. They contain 15.5gr 925 AG (10-12%)
The older 10 Mark and 5 Mark (625 silver) are closer to POS so we have a bit higher premium for them (12-14%)
Click to expand...

The same here in Holland.
You can still go to the bank with guldens (guilders) to change them for euro's.
Problem is they only accept the paper guilders...

Dutch
 
found out in WTB topic that people are willing to pay 8 Au$ each 1966 50cent which is 14% premium for 80% silver.
its remmarkable premium as the coin has no real hedge value ( in therm of face value )

please correct me if something is wrong with above
 
I was thinking this same thing. I've kinda moved my purchases to lower premium kilo bars or when coins go on sale. With Spot so low and premiums so high and rising, I'm thinking I might stop getting kilos and move to a smaller denomination that has the smallest spread for resale just incase I need to liquidate for whatever reason.
 
Silverpv said:
I was thinking this same thing. I've kinda moved my purchases to lower premium kilo bars or when coins go on sale. With Spot so low and premiums so high and rising, I'm thinking I might stop getting kilos and move to a smaller denomination that has the smallest spread for resale just incase I need to liquidate for whatever reason.
Click to expand...

i know some do not want to hear it, but i am concerned if KG coins are easy to unload if POS could be significant higher.
Maybe it is better if you have smaller sices than kg. If a kg price is around the same as a 1oz gold for example.
Thats easily possible with a GSR of 31.
You also should have back in mind that officials want to reduce/ban cash. In parts of europe it is already no longer allowed to do cash trades above 1500.
 
POS = 14.50, premium is 4.59$ ( buying a masterbox ) = 32,5%

Buying only a tube premium is 42%


Trend since last premium check 08-27-15 : Masterbox (500oz) - up 2%, Tube only (20oz ) up 4,5%
 
ninteno said:
found out in WTB topic that people are willing to pay 8 Au$ each 1966 50cent which is 14% premium for 80% silver.
its remmarkable premium as the coin has no real hedge value ( in therm of face value )

please correct me if something is wrong with above
Click to expand...
They have a bottom.
If silver goes to zero, they are still worth 50cent.
Best value for money (and an under rated coin) are the state $10 coins.
They have 20grams of silver and i pick them up for $15 or so.
Great hedge,
 
Apmex premium on 2015 ASE fixed to 4.99 us$ over a few days now (500 pcs)
Buying only a tube premium is 5.99
Unindependent from pos
 
ninteno said:
Silverpv said:
I was thinking this same thing. I've kinda moved my purchases to lower premium kilo bars or when coins go on sale. With Spot so low and premiums so high and rising, I'm thinking I might stop getting kilos and move to a smaller denomination that has the smallest spread for resale just incase I need to liquidate for whatever reason.
Click to expand...

i know some do not want to hear it, but i am concerned if KG coins are easy to unload if POS could be significant higher.
Maybe it is better if you have smaller sices than kg. If a kg price is around the same as a 1oz gold for example.
Thats easily possible with a GSR of 31.
You also should have back in mind that officials want to reduce/ban cash. In parts of europe it is already no longer allowed to do cash trades above 1500.
Click to expand...

Where I am located it would not be difficult to unload kilo's. I do not buy kilo coins, just generic bars. Plenty of dealers and people who would like to add kilos to their stack these days with silver at the price it is. If it goes up, I have no problem having that as a "problem". :)
 
again another good reason to stack unallocated, sold for spot instantly when you need the cash, once purchased free storage and insurance, think about it?
 
hiho said:
again another good reason to stack unallocated, sold for spot instantly when you need the cash, once purchased free storage and insurance, think about it?
Click to expand...


I like to hold mine though... And look at it..... And roll around in it.... And once I have built that 40 foot diving board and got myself that top hat and double breasted dinner jacket.... Watch out! ;)
 
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