The US Mint releases proof finish versions of the American Eagle and American Buffalo coins each spring. The coins are meticulously minted to a mirror-like finish which highlights the astonishing details sculpted into each.
Resale premiums on proof finish coins are higher than bullion. Dealer Buyback prices are often a few percent above melt value for coins that are in mint state.
The US Mint continues to be slow and unable to meet investor demand.
The failures of the Mint and their planchet suppliers have led directly to significant increases in dealer premiums in recent weeks. This week, the lowest dealer premium for silver eagles is more than 60% over spot price.
Some dealers, such as APMEX and JM Bullion are currently selling silver eagles with premiums at over 88% above spot price.
New 1 oz Liberty Gold Coin from the US Mint expected to be released this summer alongside 1 oz silver medal.
Slowing demand likely caused by excessive premiums resulting from last year’s supply chain and production problems
The global economy is shifting back towards some form of a gold standard while the Federal Reserve is piloting various CBDC projects, new legislation introduced in Congress to block the Fed from issuing individual accounts
Both the Perth Mint and the Royal Mint have announced huge increases in year over year sales of precious metals.
Days after Nixon resigned in 1974, President Ford signed legislation reversing Roosevelt’s executive order banning private gold ownership.
Precious metals coins have been found by archaeologists and historians that date back thousands of years. Historians and archaeologists from around the world have unearthed precious metal coins from cultures that vanished long ago. Many notable examples from China, India, Ancient Greece and Egypt are on display in museums. Silver, Gold and other precious metals … Read moreModern History of Silver Coins in the US Economy
Several weeks ago, the New York Federal Reserve quietly launched a 12 week long trial of a CBDC “digital dollar” pilot program in partnership with global banking giants like Citigroup Inc, HSBC Holdings Plc, Mastercard Inc and Wells Fargo & Co. The NYFR describes the project as an attempt to test the feasibility of using … Read moreNY Federal reserve launches CBDC “trial” on the heels of FTX collapse
On August 30, A-Mark announced that their JM Bullion subsidiary had entered into an agreement to buy online bullion dealer BGASC for $4.5 million in cash. BGASC was founded in 2012 in California and has reported more than 70,000 customers and $200 million in annual revenue. BGASC is an abbreviation for Buy Silver and Gold … Read moreA-Mark/JM Bullion acquires BGASC