2018 American Silver Eagle Premiums Dropping

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2018 American 1 oz Silver Eagle

The US Mint has announced the availability of the 2019 American Silver Eagle coins. Dealers are already accepting pre-orders of 2019 Silver Eagles at reduced premiums in anticipation of the January 7 release date.

Additionally, several trusted and reputable national online bullion dealers have reduced the dealer premiums on 2018 American Silver Eagle coins to clear out their inventory to make room for the 2019 Silver Eagle coins.

The US Mint charges “Authorized Purchasers”, essentially the 9 US-based wholesale bullion distributors that are allowed to purchase directly from the Mint a $2.00 per coin premium over the LBMA Silver Spot Price at the time of purchase.

The premium that is charged by the US Mint is passed along to the retail dealers who in turn pass it along to consumers, investors and end-buyers. Retail bullion dealers charge a premium over that which covers their overhead and profit.

In recent weeks dealer premiums on 2018 American Silver Eagle coins have been as low as $2.21 over silver spot price when you buy a Monster Box of 500 coins.

See https://FindBullionPrices.com to find and compare the lowest price on 2018 American Silver Eagle coins.

https://findbullionprices.com/collection/American-Silver-Eagles/

Lower spot price causes sell out of US Mint supply of Silver Eagles

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The US Mint reported last week that they have temporarily run out of stock of 2018 American Silver Eagle Coins.

The temporary sell out is likely due to the recent drop in silver spot price.

It’s unclear whether it’s consumers driving the sales demand of the Silver Eagle coins or if it’s dealers trying to lock in long-term stock at lower prices.

Silver spot price typically dips in the summer months to annual lows. Silver prices often through the fall and into winter as manufacturers and industry begin sorting out their supply for 2019 production.