Despite the long history of gold and silver being recognized as money, many states continue to tax their citizens for the privilege of owning these metals. The notion of sales tax on precious metals investing is contentious to some and represents a line in the sand between some legislators and investors.
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.
APMEX, JM Bullion, SD Bullion and Money Metals Exchange have announced temporary changes to order and shipping policies upon an increase in order volume in recent weeks amidst the ongoing banking crisis. While premiums on silver eagles have recently risen back above 50% per coin. Lower premiums are available for other sovereign bullion coins such as Britannia, Kangaroo and Philharmonic.
Toning or tarnish is a layer of corrosion that forms on the surface of silver and can affect the appearance and luster of the shiny metal. Natural versus artificial toning can effect any underlying numismatic value.
The Intaglio Mint creates unique and thoughtful designs that inspire thinking. The latest silver bullion medals are available with incredible high-relief compositions that are minted in limited quantities of pure .999 fine silver.
We look at some of the simplest and most dependable methods for testing silver at home to give you peace of mind and confidence in your stacking choices.
2023 South African Krugerrand coins are now available from a variety of online bullion dealers. One of the cheapest government investment coins is available in fractional weights.
Slowing demand likely caused by excessive premiums resulting from last year’s supply chain and production problems
Smart, lower silver premium alternatives to help lower dollar-cost average
