PAMP Suisse and Activision Collaborate on Gold and Silver Bars to Celebrate 20th Anniversary of Call of Duty Modern Warfare III

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To celebrate the 20th Anniversary of the Call of Duty video game franchise, Activision has partnered with PAMP Suisse to develop a line of limited edition silver and gold bars featuring the imagery from the game.

The obverse shows the outline of a shield with a game character dressed in military fatigues along with the franchise title “Call of Duty” in vertical orientation. The reverse shows a diagonal pattern of Call of Duty Modern Warfare III logo, with the makers hallmark, weight and purity in the center and includes a unique serial number that is also printed on the matching assay card.

Additionally, all of the COD silver and gold bars include a code that is redeemable for a bonus in-game weapon charm.

Further details can be found in the press release from MKS PAMP.

PAMP Suisse

Founded in 1977 and based in Ticino, Switzerland, PAMP is one of the world’s leading bullion brands, known for its high-quality gold, silver, platinum, and palladium products. The company produces a wide range of bullion products, including bars, coins, and ingots, which are popular among investors and collectors alike for their purity, craftsmanship, and innovative designs.

PAMP Suisse gold bars come with an assay certificate, which guarantees the purity, weight, and authenticity of the bar. Each PAMP Suisse gold bar is individually serialized, which aids in authentication and adds to its collectibility. While the intrinsic value of the gold itself is a significant factor in the value, the collectibility of these limited edition bars can add a premium above the spot price of gold.

Call of Duty

“Call of Duty” is an influential and popular first-person shooter video game franchise developed and published by Activision. The series began with the launch of the original “Call of Duty” game on October 29, 2003. The game was initially set in World War II and was praised for its immersive storytelling, realistic gameplay, and engaging multiplayer modes. Over the years, the franchise has expanded to include various settings, including modern times, futuristic worlds, and even space.

“Call of Duty: Modern Warfare” is an update of the original game that features missions that mirror modern military conflicts and tactics. The franchise itself is developed and published by Activision, with various development studios working on different entries, including Infinity Ward, Treyarch, and Sledgehammer Games.

The original “Call of Duty 4: Modern Warfare” launched in November 2007 and was a pivotal game in the series, marking a shift from World War II settings to contemporary battlefields and significantly influencing the first-person shooter genre with its realistic gameplay, narrative depth, and multiplayer modes.

The “Call of Duty” franchise boasts millions of active players across its various titles and has extended its reach beyond video games into a broad array of merchandise and media, including Action figures, LEGO sets, gaming peripherals like branded controllers, headsets, and mouse pads and narrative extensions of the franchise’s storylines, offering deeper dives into its lore and characters.

Costco Adds Canadian Maple Leaf Coins to their Lineup

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The large, big-box, members only retailer best known for bulk household goods has added silver and gold coins from the Royal Canadian Mint to their product lines as more investors stock up on precious metals.

Recently, Costco began offering Mint Tubes of Canadian Silver Maple Leaf coins, not long after the retailer began limited offerings of the 1 oz Gold Maple Leaf coin.

Enthusiasm by investors on social media shows a positive response to this trend, with many only posts expressing excitement over the convenience of bringing home investment-grade silver and gold to their, alongside oversized packs of toilet paper, laundry detergent and other household items.

Purchasing precious metals from Costco is only to their members and more than 32 million people can enjoy earning an automatic 2% cash back on club purchases. Additionally, credit cards rewards can offset any premiums further, with many credit card offers available that include an additional 1 to 2%.

With recent spot prices, the average price of a Tube of Maple Leaf coins is around $650, getting 4% in cash back rewards helps to offset the premiums that come along with buying precious metals online.

The 1 oz Silver Maple Leaf coin, introduced in 1988, embodies the Mint’s dedication to quality and innovation. Each coin contains .9999 fine silver, making it one of the purest silver coins available on the market. This commitment to purity, coupled with the coin’s iconic design, has cemented the Silver Maple Leaf’s status as one of the world’s most sought-after silver bullion coins.

The Royal Canadian Mint’s 1 oz Silver Maple Leaf coins stand as a testament to Canada’s rich tradition in silver craftsmanship and minting excellence. These coins are sought after for their purity, intricate design, and historical lineage.

Costco’s decision to sell precious metals is being viewed as a strategic way to tap into niche markets while exposing precious metals as store of value and wealth to their diverse customer base.

Costco’s venture into precious metals is also helping to set a new retail trend that blurs the lines between everyday shopping and investing. Shopping at Costco for Maple Leaf coins helps to bring awareness to a whole new class of investors who are poised to learn more and gain a better understanding of investment-grade silver.

While reactions on social media are mixed, with many traditional investors balking at the trend, this move undoubtedly positions Costco as a pioneer in integrating investment options into a traditional retail environment. After experimenting with selling American Silver Eagles, it seems clear that the decision to expand the available products is something that resonates with the majority of its membership base.

The coins are available for sale online only at random times. When they are available, they are limited to 2 tubes per member and they sell out typically within an hour.

References:

Costco Product Page

Latest Silver & Gold Coin Releases from the Royal Mint

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The Royal Mint is known for its beautifully crafted and intricate designs, often steeped in British history and culture. From iconic images like the Britannia and the Tudor Beasts series to special commemorative issues, the designs are not only artistically appealing but also often have historical and cultural significance.

The Royal Mint offers a wide range of silver and gold coins, catering to various interests and investment strategies. As the official mint of the United Kingdom, the Royal Mint’s coins come with sovereign backing and have the assurance of quality and authenticity backed by a government entity.

From bullion coins for pure investment purposes to limited edition precious metals collectibles, investors and collectors have a broad portfolio to choose from.

2024 Britannia

The 2024 Britannia 1 oz Gold Coin is a top choice for investors due to its combination of beautiful design, high purity, plus the reputation and backing by the Royal Mint, along with low premiums make it a standout in the bullion market.

The reverse showcases the majestic figure of Britannia. Wearing a toga and carrying a large shield, she stands proudly while she wields a trident in her outstretched arm. Additionally, he designers and engineers at the Royal Mint have integrated a variety of anti-counterfeiting measures into the 2024 Britannia Gold Coins.

In addition to the 1 oz denomination, the Gold Britannia is available in three additional industry standard fractional ounce weight denominations that include 1/2 oz, 1/4 oz and 1/10 oz. Each coin is minted with the same design and features.

Designed by sculptor Martin Jennings, the obverse contains a newly created effigy of His Majesty King Charles III. Jennings worked from a variety of photographs to create the composite used in the coin’s design.

The 2024 Britannia is available in Gold, Silver and Platinum bullion coins. The Britannia Gold Series features a variety of weight and face value denomination choices, allowing for varying degrees of

2024 Tudor Beasts Seymour Unicorn

The Royal Tudor Beasts collection from the Royal Mint is a series of ten coins featuring the heraldic statues that represent various creatures associated with the lineage of the British royal family. The statues of the beasts that are on display in Hampton Court Palace were created to commemorate the coronation of Queen Elizabeth II in 1953. Since then, they have become prominent symbols in British heraldry and regal iconography. Each beast represents a different tree of noble lineage and carries its own unique symbolism.

In heraldry, the Seymour coat of arms traditionally depicts a unicorn as one of its supporters, reflecting the family’s nobility and heritage. Jane Seymour’s marriage to Henry VIII in 1536 elevated the Seymour family’s status, intertwining their heraldry with royal symbolism. The unicorn, as part of their family crest, became more prominently recognized due to this connection.

The 2024 Seymour Unicorn is part of the Tudor Beasts series, and is available in silver, gold and platinum metals.

Compared to other collectible coins, those from the Royal Mint often come with relatively low dealer premiums. This means investors can purchase the coins closer to the spot price of silver and gold, making them a cost-effective investment.

2024 Philharmonic Coins Available

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2024 Austria Philharmonic 1 oz Gold Coin Reverse

The 2024 Austria Philharmonic coins are a harmonious blend of art, music, and stand as a testament to Austria’s rich cultural heritage. Issued by the Austrian Mint, these coins pay homage to one of the country’s most famous and enduring symbols: the Vienna Philharmonic Orchestra.

The Philharmonic coin series, first introduced in gold in 1989 and later in silver and platinum, encapsulates the essence of Austria’s musical legacy.

The design, crafted by the Austrian Mint’s chief engraver, Thomas Pesendorfer. It is both a celebration of music and a symbol of Austrian identity. The obverse features a depiction of the great pipe organ inside Vienna’s Musikverein, the concert hall of the Vienna Philharmonic Orchestra. The depiction is accompanied by the country’s name and the coin’s denomination, ensuring its status as legal tender.

The reverse showcases an array of orchestral instruments, including the cello, violin, harp, Vienna horn, and bassoon, representing the world-renowned orchestra. This design has remained unchanged since the coin’s inception, a decision that underscores its timeless nature.

The 2024 Philharmonic Coins are minted in silver, gold and platinum and are available from online dealers.

2024 Philharmonic Silver Coin

The 2024 Philharmonic 1 oz Silver coin is minted in pure .999 fine silver, offering a more accessible price point than its gold counterpart. The silver coin’s design mirrors that of the gold variant, maintaining the musical theme that has become synonymous with the series. The prestigious reputation of the Austrian Mint makes the Silver Philharmonic a desirable choice for those looking for a low premium option to diversify their investment portfolios with precious metals.

2024 Philharmonic Gold Coins

The Philharmonic gold coin is a solid investment and also appeals to those who appreciate the fusion of classical music, fine art and precious metals. They hold the distinction of being Europe’s first pure gold bullion coins denominated in the Euro currency, contributing significantly to their prestige and demand in the international market.

The Gold Philharmonic coin is available in various denominations and weights, including 1/10, 1/4, 1/2, and 1 troy ounce, these coins are minted from 99.99% pure gold. The gold variant has been a stalwart in the global bullion market, renowned for its fine craftsmanship, purity and low premiums.

These coins are known to have one of the lowest premiums over the spot price of gold among government-minted bullion coins. This affordability can be attributed to the Austrian Mint’s efficient production processes along with the high demand, which allows for greater economies of scale.

The combination of artistic merit, metal purity, legal tender status, and low premium makes the Philharmonic coin series particularly attractive to investors seeking cost-effective options in precious metals. The coins offer a blend of aesthetic appeal, investment security, and affordability, making them a compelling choice for diversifying assets.

Understanding Coin Finish

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Modern minting technology allows for a wide range of finishes, providing both government and private mints with many creative options in the ideation of unique coins. Each finish serves a specific purpose and contributes to the overall appeal and collectible value of the coin.

Many mints issue the same coin with different finishes, mainly for aesthetic purposes and to enhance their overall appearance. The choice of finish can give a coin a distinct look and feel, making it more attractive to collectors and investors.

Special finishes are sometimes used for commemorative coins, marking significant events or anniversaries, helping to distinguish commemorative coins from regular bullion coins.

Proof Finish

A proof coin is a special type of coin that is struck using a unique minting process to create a high-quality, highly detailed, and mirror-like finish.

The term “proof” is derived from the original purpose of these coins. Historically, minting facilities would produce a small number of test coins to ensure the dies were properly prepared and to showcase the quality of their work. These “proofs” were often presented to mint officials for approval before regular coin production.

Proof coins are specifically made for collectors and are not intended for everyday circulation. They are often considered to be the highest standard of coin production and are sought after by numismatists and investors.

A proof finish is achieved through multiple strikes on specially prepared dies and planchets. The planchets used for proof coins are carefully selected to ensure they are free of defects or imperfections.

The dies used to strike proof coins are polished to a mirror-like finish to ensure the finest details are captured on the coin’s surface.

Proof coins are struck multiple times with greater pressure than regular coins. This process helps to achieve sharp, well-defined images and deeply mirrored fields.

Throughout the production process, proof coins are carefully handled to minimize the risk of scratches or blemishes on the coin’s surface. The result is a highly detailed, mirror-like surface with frosted design elements.

Due to their limited mintage, unique appearance, and higher quality, proof coins typically command higher prices than their standard bullion counterparts. Proof coins are produced for collectors and often come in protective cases with certificates of authenticity.

US Mint Proof American Eagles and Buffalos

The US Mint issues Proof finish American Eagle coins in both silver and gold. The Proof Finish American Gold Buffalo is only minted in limited quantities, making it one of the most sought after each year.

Buying random year American Eagle Silver Proof coins is a great way to become familiar with why collectors adore these coins. The mintage amounts change each year based on subscriptions, demand and pre-orders.

During the current year release, these coins are sold directly by the mint to consumers at a fixed price. Collector demand is extremely high and the coins are quickly sold out, typically within hours of becoming available to order.

Due to the high collector demand, the numismatic premiums quickly rise and values are highest for the smallest American Silver Eagle Proof Coin Mintage Years.

They are popular among collectors for their aesthetic appeal and numismatic value. Many other countries issue annual proof coin sets, which often include a variety of denominations and designs, making them attractive additions to coin collections.

Brilliant Uncirculated (BU) Finish

The term “Brilliant Uncirculated” indicates that the coin is in pristine condition, free from any signs of wear or circulation marks. BU coins are intended for collectors and investors, and they are typically not intended for circulation.

The dies are polished to ensure sharp and clear design elements, and the planchets are carefully handled to avoid any potential damage. Sometimes referred to as a Business Strike, this is the most common finish amongst newly minted silver coins.

BU coins have a lustrous and shiny appearance, often resembling the look of freshly minted coins. They feature well-defined and raised design elements, with deep, crisp details. The background of the coin is usually smooth and reflective, adding to the coin’s overall brilliance.

This finish is used for coins intended for circulation or general use but with a higher level of detail and quality than standard circulation coins. BU coins have a lustrous, shiny appearance and are typically free from marks or imperfections.

Matte Finish

A matte finish coin has a non-reflective, satin-like appearance on its surface. Unlike the traditional shiny and reflective surfaces of most coins, a matte finish coin has a smooth and subdued look, which gives it a unique and distinct appearance.

The matte finish is achieved through a different minting process than the standard brilliant uncirculated (BU) finish. During the minting process for matte finish coins, the dies and planchets (blanks) are treated differently to create a less glossy and reflective surface.

The design elements may be more detailed than a standard circulation coin, but they lack the mirror-like shine of proof coins.

To achieve the matte finish, the dies used in the minting process are sandblasted or chemically treated, creating a textured surface on the coin’s design elements.

This texture results in a subdued appearance and reduces the coin’s reflectivity. Additionally, the planchets may be treated or annealed differently to achieve the desired matte appearance.

Matte finish coins are often sought after by collectors who appreciate their unique appearance and rarity. The production of matte finish coins is usually limited, making them relatively scarce compared to coins with standard finishes.

Reverse Proof Finish

In a reverse proof coin, the design elements on the coin’s reverse side (the back) have a frosted or matte-like appearance, while the background has a mirror-like, highly polished finish.

This is the opposite of a traditional proof coin, where the design elements are mirror-like, and the background is frosted.

Reverse proof coins are typically issued in limited quantities to mark special occasions, anniversaries or to commemorate significant events and collectors take notice upon their release. The unique appearance of reverse proof coins adds to their appeal, and they are often considered a highlight of many coin collections.

In 2019, the US Mint released an Enhanced Reverse Proof Silver Eagle, extremely limited to just 30,000 coins. The coins sold out in minutes and demand from buyers was so great that it caused the USMint.gov website to crash.

The United States Mint, as well as various other mints around the world continue issuing reverse proof coins for a variety of coin series and denominations. These coins are popular among numismatists and coin enthusiasts for their rarity and eye-catching design.

Antique Finish

Antique finish coins are deliberately aged to give them an antique or vintage appearance.

The process of creating an antique finish involves applying various chemicals or treatments to the surface of the coin to artificially age it. This can include adding patinas, using chemical solutions to darken certain areas, or using mechanical abrasion to create wear and tear marks. The goal is to give the coin the appearance of historical significance or a vintage relic.

The aged appearance of antique finish coins can enhance the details of the design, making them more visually appealing and unique.

The well-known Scottsdale Mint in Arizona is known for producing outstanding silver rounds and bars that are precision machined. The Mint is also contracted by various governments to produce coins on for investors and collectors that are also legal tender.

The Ghana Alien 1 oz Silver Coin series is minted by Scottsdale and is available in an antique finish, along with a variety of others.

Satin Finish

Satin-finish coins have a smooth, non-reflective surface that falls between a proof and a matte finish.

Coins with a satin finish are often characterized with a smooth, even lustrous sheen that is less reflective than a proof coin.

The process of creating a satin finish involves sandblasting the coin’s surface with tiny particles to create a fine, uniform texture. This texture gives the coin a soft, muted appearance and reduces the reflective properties of the metal. Unlike proof coins, which have a mirror-like shine, or brilliant uncirculated coins, which have a standard, glossy finish, satin finish coins have a more subdued and elegant look.

Colorized Finish

This technique uses colorized paints, inks and dyes to add artistic elements to the coin’s surface. Colorized coins are a popular choice among collectors and can feature a wide range of designs, from nature scenes to famous artworks or commemorative themes.

The process of colorizing a coin involves applying a thin layer of color to specific areas of the coin’s design using a specialized ink or paint. This work is often performed by hand after the coin is struck.

Artisans will often work with and the magnifying glasses to ensure colors are carefully and skillfully applied. Some modern mints use advanced technology to ensure precision, consistency and detail.

Colorized coins offer a visually stunning and unique novelty or decorative item that make a great addition to traditional investment coins. Collectors who appreciate the artistic aspect of numismatics also find colorized coins to be attractive additions to their collections.

Collectors interested in colorized coins should be mindful of the quality of the colorization process, as poorly executed colorization can negatively impact the overall value and appeal of the coin. Additionally, colorized coins may require special care to preserve the integrity of the colors over time, as exposure to light and environmental factors can cause fading or damage to the added colors.

Gilded Finish

Coins that have a gilded finish have a thin layer of a different precious metal is applied to specific parts. The additional metal may be of a different color or hue often applied in a way that accentuates particular design elements.

The gilding process involves electroplating or mechanically bonding a thin layer of gold onto the surface of the coin. Various metals are utilized based on their individual characteristics.

The Ghana Alien 1 oz Silver coin series includes a version gilded with Rhodium, in addition to glowing neon colored eyes.

The metal used in gilding is typically of high purity, such as 24-karat gold, to ensure a bright and lasting finish. The gilded layer is carefully applied to specific parts of the coin’s design, often highlighting important elements like portraits, symbols, or inscriptions.

Gilded coins are a popular choice among collectors, as they offer a balance between affordability and the elegance of precious metals. They are often issued as limited editions or special commemorative pieces. Gilded finishes can be found on various types of coins, including bullion coins, numismatic coins, and collector’s editions.

Gilded finishes are primarily decorative in nature and may not significantly affect the intrinsic value of the coin, especially if the underlying coin is made from a base metal.

However, gilded coins can add a touch of luxury and exclusivity to a collection, making them appealing to both investors and numismatists.

Each coin finish serves a specific purpose and contributes to the overall appeal of the coin for collectors and investors. The choice of finish depends on the mint’s artistic vision, the theme of the coin, and the intended target audience.

Why Many Investors Prefer Silver Over Gold

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Investing in precious metals is a big commitment. The notion of taking a portion of your cash savings buying a physical asset goes against the mainstream narrative.

The Federal Reserve has announced that the FedNow service is NOT a CBDC. Most “conspiracy theorists” are suggesting that the Fed may not be telling the truth. Luckily, a few states like Florida and Texas have efforts to reject any fed issued digital token.

More people want precious metals as a store of value in lieu of cash and deciding which is the best metal to buy can be a laborious choice. Ideally, having a balanced portfolio that is diverse with a portion in both gold and silver, alongside traditional investments, can provide extra assurance to cover many unexpected financial scenarios.

Silver is Cheaper Per Ounce

The most obvious reason many investors prefer to buy silver is the enormous price gap per ounce. The average per ounce premium is often higher on silver as a percentage of the price.

However, just like with the stock markets, the commodities markets also have bull and bear periods where the returns on silver can shine or tarnish.

For example, at the start of the pandemic in 2020, the price per ounce of silver hit a low of $11.77 per ounce. In three years, silver is already trading up more than 100%.

Silver coins and bars

Gold prices have been trading at record highs in recent weeks. Rumors have been circulating for weeks about an upcoming announcement from the BRICS summit in South Africa related to a new gold-backed reserve currency.

Easier to Liquidate

This has some analysts continuing to suggest that gold prices will continue to climb higher as central banks in many emerging economies continue adding gold to their reserves.

A portfolio containing many smaller silver coins, such as Britannias or 1 ounce silver bars is naturally more convenient to sell than larger bars or a full ounce of gold.

Silver stacking is far more popular than most people realize. Many find it to be a convenient and effective way to set aside a little bit of cash each week or month.

As a physical asset, it’s a little more difficult to spend than cash and easy to keep stashed at home is available in a variety of formats that span from naturally fractional junk silver to larger kilogram and 100 ounce silver bars.

There are many options, both locally and online that make selling silver easy when the time comes. Whether it’s for an unexpected emergency repair or to raise some cash for a new venture.

While selling a portion of silver coins is a straightforward process, it’s not as easy or practical to cut a gold bar in half.

Growing Industrial Consumption

Silver is consumed by various industries in considerably greater quantities than other precious metals. Although undeniably an excellent store of value, silver is also one of the best conductors of electricity and is used everything from iPhones and other consumer devices to solar panels and EV batteries. According to statistics released since was used in smartphone manufacturing.

The largest growth in consumption industrial consumption continues to be driven by globalist climate change and green energy initiatives. Global statistics on solar panel manufacturing shows consistent year over year growth likely to continue based on the 2030 narratives.

Renewable energies represents an area where many see potential for continued increases in consumption. Compared to other metals, silver is relatively scarce in nature. There are very few naturally occurring silver ore deposits.

Most raw silver is mined as a by-product of other metals such as lead, copper and gold, which makes the mining of these other metals relatively more important.

Medical Applications

Silver plays a huge role in medical technology and with natural antibiotic properties. The invention of x-rays, MRI and other medical imaging technologies would not have been possible without silver.

Silver bromide is a chemical compound that is sensitive to light and plays a key role in X-Ray and photographic films.

Silver plays many hidden crucial roles in countless ways throughout our everyday lives. Around half of all silver mined annually is consumed during the production of over 3000 various technologies including integrated circuits, medical radiology equipment, water purification, photographic imaging and even explosives.

Silver is Undervalued

The gold-silver ratio is a great way of keeping track of silver’s fluctuations and its current value relative to gold. It demonstrates the relationship between their respective values and can be a way investors spot potential opportunities.

Over the long-term, the price of silver has steadily increased relative to the dollar due mainly to inflation.

Recent CPI data indicates that inflation continues to rise at a steady rate while the data used by the Fed in decision making lags behind the reality that consumers face each day.

Most countries fill their reserve vaults with gold, there are a few countries holding significant silver stockpiles such as Peru, Mexico and China.

Investors Losing Confidence in the US Mint, while Coin Minting Reports $171 Million Net Loss

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The US Mint operates with a lean business model that operates in a just-in-time manner, managing incoming blank planchets from designated materials suppliers based on sales demand from Authorized Purchasers as a gauge of investor demand.

Keeping up with investors demand has been a difficult task for the US Mint. The pandemic lockdowns caused a total shut down of mint operations, forced mine closures and caused other widespread disruptions throughout industrial supply chains.

Problems for the Mint only got worse as investor demand for bullion investment coins skyrocketed because of the pandemic. For a few months, the minting of Silver Eagle coins was secretly shifted to the Philadelphia Mint for the first time in history as backorders began to pile up.

The US Mint is required by law to mint Silver Eagle coins in quantities “sufficient to meet public demand.” However, data provided in recent mintage reports shows monthly sales of the coins are down significantly when compared to the same period in 2021.

The latest reports show that for January, monthly sales totals were 3,949,000 coins. Most of these coins were minted during the final months of 2022 when the mint announced it would start minting the coins early. The mint stockpiled the coins, waiting to ship them to bullion dealers until after the start of the year. Did they hedge the price of silver during that time?

Since then, the mint appears to be on track to shipping only 900,000 coins per month, consistently. Far less than the monthly sales volumes reported just a few years ago.

For 2021, the monthly sales figures for February, March and April of that year being: 3,191,500, 4,087,000 and 1,053,000 respectively.

So far, the Mint has provided no explanation for the current production shortages, leaving investors shopping for silver bullion coins looking at options from alternative government mints.

Both the Perth Mint and Royal Mint have announced reaching historical sales records in recent years. Silver bullion coins from both mints have significantly lower wholesale and retail premiums as those mints. Neither appear to be having issues keeping up with demand from investors or industry.

At the retail level, premiums have, at times, exceeded 90% over spot price per ounce. The wholesale premiums that dealers pay to Authorized Purchasers has reached historic highs as well, forcing retail dealers to offer record prices over spot on buy backs. Some long-term silver investors have been able to take advantage of the current price spread compared to retail premiums paid several years ago.

The Mint also pointed to production and supply chain issues in its decision to the postpone the production of the Morgan and Peace $1 silver coins that were highly anticipated by investors and collectors in 2022.

Investors have grown extremely frustrated with premiums on Silver Eagles and lost faith in the US Mint. Most have already started to buy silver coins from foreign governments that are able to provide a dependable and continuous supply of investment grade precious metals.

Rising base metal prices are reportedly to blame for the effecting traditional minting of circulated coinage. The cost to produce pennies and nickels continues to increase with tremendous uncertainty in global metals markets.

With the cost for minting each penny being roughly 2.5 cents, and nickels topping 7.42 cents, total losses on these coins have been steep, with pennies taking a net loss of $92.7 million to produce, and nickels losing a total of $78 million, totaling $171 million in gross loss.

Silver Institute Report Shows Strong Demand Across All Supply Chains

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In 2022, the demand for silver reached an all time high, with more than 1.242 billion ounces, according to a recent survey conducted by the Silver Institute. While registered mining output for the year totals only 835,900,000 1 billion ounces, leaving a deficit of at least 406 million ounces removed from custodial vaults, such as COMEX for the year.

While investor demand for silver bullion continues to rise at a steady pace, total global demand for the shiny metal rose more than 38% as the globally economy begins to recover from the pandemic.

The US Mint continues to struggle during periods of high demand due to ongoing supply chain issues plaguing domestic planchet suppliers.

Premiums on current year American Silver Eagles continue to skyrocket, ranging from as low 57% to as high as 82% over melt value.

Coins from other sovereign government mints continue to sell in large numbers, with 1 oz silver Noah’s Ark coins from Armenia having low premiums alongside silver Philharmonic coins from Austria and King Charles Britannias.

Investor demand continues to drive up prices for physical silver bullion. Supply chain disruptions at the start of the pandemic led to depletions of wholesale and retail bullion inventories resulting in the prices of physical bullion become far removed from following the paper price.

Overall, the bullion market for investors is likely to see further divergence between the price of physical metal and the paper futures price if the supply chain issues persist.

For now, the absolute lowest prices for 1 oz silver rounds can often be found in random year and secondary market listings. Random 10 oz silver bars continue to be the best value and be an investor favorite for those looking to stack with bulk purchases.

Premiums on gold coins and bars offer the lowest premiums for precious metals buyers. Poured gold kilos can be found with premiums below 1%. A few online retailers are offering low premium vintage gold coins such as the Austria 4 Ducat restrikes and 20 francs gold coins being popular amongst fractional gold stackers.

Storing Silver at Home

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Silver bullion typically does not need special treatment when it comes to storing at home. Many people are able to store their silver in a basic hiding place somewhere around their house.

Finding a place in your home to store silver does not need to be complicated. Simple is better, most of the time.

Some common hiding places that people choose may include places where other valuables are stored. Such as the drawer of a nightstand or desk, a bookshelf or a lockbox.

There are many options for storing 1 oz silver rounds at home. One of the easiest option is a plastic storage tube designed to store silver coins and rounds that has the same (or similar) diameters as the coins. These are similar to the plastic coin tubes that are used by the US Mint for silver eagle packaging.

Storage tubes are made from molded plastic that is specifically shaped and sized to fit specific coins and rounds based on their dimensions.

Many of the modern 1 oz silver rounds that are released by private mints are 39 mm in diameter. You can measure the specific silver rounds in your collection to ascertain the specific dimensions. Finding storage tubes that are the right size for your silver rounds is as easy as searching on Amazon or eBay.

Many reputable coin supply vendors sell their products through various online marketplaces to make it easy for collectors and investors to easily locate the items needed to protect your investment.

Plastic coin tubes are also available in rectangular shape that are designed specifically to hold up to twenty 1 oz silver bars. The compact size and shape of these coin tubes make it easy to store up to 20 oz silver in a small amount of space virtually anywhere in your home.

At Home Safe or Lockbox

Over time, many silver investors will look for better, more secure storage for their investment.

Firearms owners may already own a safe to keep firearms secure. It’s a logical and practical choice to store silver alongside of firearms at home.

With most 10 oz silver bars being of a similar size and shape as a deck of playing cards, a couple of them can be neatly stacked alongside boxes of ammo.

Various other options are plentiful for those new to precious metals that may not already have a gun safe at home.

For a secure installation at home, a safe should be mounted to part of the foundation of the house. This is not always possible due to the many variations in construction. Many will, instead, use bolts and mounts to secure the safe to the floor or wall framing.

Some silver stackers may even set up a diversion safe or a honeypot in a spot that would be obvious to thieves looking for a quick score. While keeping the real shiny stashed away in a less obvious location or in a diversion safe of some sort.

Diversion Safes

Diversion safes come in a variety of disguises that look like ordinary household objects. Most often used as a clandestine way of storing herbs and other medicines, these are also a great way for investors to keep their investment secure without having to invest in a large safe.

One of the first things to come to mind for many is the simple soda can safe. They are a basic and simple way to store silver in your refrigerator.

Other options include picture frames, book safes, hanging safes, in-wall safe disguised as an electric outlet. You can find hundreds of simple and effective options for hiding a couple of ounces in plain site.

It is a good idea when storing silver at home to be prepared. It doesn’t take long very long to fill a small safe with shiny metal. So when you are investing in a safe it is a good idea to plan ahead.

After a while, most investors will develop some diversity to their collection that may include a mix of silver bars of different sizes, 1 oz silver rounds and coins.

Ammo cans, either metal or plastic are a good size for storing various size silver bars and coin tubes together. They are strong, durable, air-tight, waterproof, lockable and are easy to keep hidden away.

They’re also portable and easy to grab if you need to pack up in a hurry. However, they’re also easy for a thief to grab unless they are secured.

While ammo cans are a good option in some scenarios, they are still not match for a good safe.

When buying a safe, you should consider your future plans. How much silver do you plan to buy per week? per month? per year? Will you trade silver for gold in the future?

A good home safe can be a significant investment that you don’t want to find yourself repeating every six months to a year.

There are a variety of consumer-grade home safes that can provide adequate protection for most investors that can be suitable for storing up to a few hundred ounces of silver.

Demand for Silver Eagles Spikes, Along with Premiums

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It’s become pretty indisputable that the economy is in the worst state that many Americans can remember since the 2008 financial crisis and the deep recession that followed.

As a result, investors are clamoring for gold and silver bullion like never before. Demand for government issued coins, like the American Silver Eagle and the Canadian Silver Maple Leaf have skyrocketed in recent weeks since the start of the banking crisis.

However, the US Mint continues to be slow and unable to meet demands, which has caused significant increases in recent weeks to a recent high of around 60% over spot price. Some dealers, such as APMEX and JM Bullion are currently showing premiums for silver eagles at over 88% above spot price.

The US Mint outsources the manufacturing of planchets, which are coin blanks that are pressed by the mint to produce the coins. Working only with a handful of select manufacturers that meet the requirements.

Disruptions to both global and domestic supply chains effecting precious metals continue to impact investors and industry.

The raw materials used to mint Silver Eagles must be sourced from domestic silver mines, as prescribed by law.

The Mint has been unable to meet demand since 2021 when more than 28 million coins were sold. While investor demand remained strong in 2022, the Mint was only able to produce around 16 million coins.

So far in 2023, the Mint has reported sales over more than 6 million coins. However, numerous reports state the mint shifted production in late 2022 to start producing coins for the current year, which is the main reason the Mint was able to report 3,949,000 coins sold in January.

Sales reports show only 900,000 coins being sold in each month of February and March which is far below the Mint’s production capacity.

In 2015, the Mint sold 47,000,000 Silver Eagle bullion coins, the highest on record.

Year 1 oz ASE bullion coins
201914,863,500 coins
202030,089,500 coins
202128,275,000 coins
202215,963,500 coins
2023
(4 months)
6,199,000 coins
Recent Years Sales and Mintage Totals of 1 oz Silver American Eagle coins

It’s pretty indisputable that the economy is in the worst condition many Americans have seen since the 2008 financial crisis and the deep recession that followed.

This time around, the economy has been wrecked by a record combination of prevailing events.

It began before COVID was even a thing in September 17, 2019.

Repurchase agreements, often referred to as “repos” are short term loans between banks and financial institutions. That morning, interest rates on overnight repurchase agreements more than doubled. By the end of the trading day the rates had increased by 500%.

The Fed responded to the crisis by injecting $75 billion PER DAY in new liquidity into the repo market for a week to prevent a collapse.

Once the rates began to stabilize, the Fed continued their daily injections of fresh liquidity into the repo market until October 10.

During that three week time period, some estimates put the total amount of liquidity injected by the Fed at over $500 billion.

A few months later, the Biden administration put the entire country into lockdown, effectively shutting down every sector of the economy, aside from companies like Amazon, Walmart and other select corporations deemed “critical”.

Rising inflation began to take hold as the Fed continued to print more money to fund the pandemic with stimulus checks and other government handouts.

To combat the inflation crisis, the Fed responded with multiple steep increases in key interest rates that come faster than has happened decades.