The Mint notified distributors recently of the increase in the premium.
Retail investors should expect the increase in premiums to trickle down quickly from the wholesale level to bullion dealers.
While this helps to make precious metals more accessible to more people, consumers should be wary about purchasing their precious metals through Walmart as the premiums are often higher than buying direct from the dealer, even taking into account the higher premiums that come with using a credit or debit card for purchase.
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.
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.
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
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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
Many of The Black Friday sales with online precious metals and bullion deals are live and that means plenty of deals on silver and gold bars, rounds and coins. The best online bullion deal for 2021 is the American Eagle Silver coin at spot price from BGASC. The Black Friday deals offered this year are … Read more27 of the best 2021 Black Friday & Cyber Monday deals on Silver, Gold & Platinum
The US Mint released a statement confirming a global shortage of silver after the website outages during the pre-sale of the 2021 Morgan Dollar commemorative coins. “The global silver shortage has driven demand for many of our bullion and numismatic products to record heights. This level of demand is felt most acutely by the Mint … Read moreUS Mint Clarifies Statement Regarding Global Silver Shortage