Silver Bullion Premium Update & The Lowest Official Silver Coin Price In The Market

Premiums for silver bullion products have declined over the past two weeks but are still quite high for American Silver Eagle coins.  The average 2020 Silver Eagle premiums from the leading online dealers have fallen from over $10 per coin and are now in the $8 range.

I have kept track of the 2020 Silver Eagle premiums on a spreadsheet since May 18th.  The four leading online dealers’ average 2020 Silver Eagle premium reached a high of 64% at $10.97 per coin on May 21st but has fallen to 51%, $8.95 per coin on the close of Friday:

Some of four online dealers have lower 2020 Silver Eagle prices and premiums, but the largest dealer (with the highest price, go figure) has pushed up the average.  However, CLOUD HARD ASSETS still has the lowest 2020 Silver Eagle premium I have found in the market at 35%, $6.20 per coin.

As of the close of Friday, here were the five dealers 2020 Silver Eagle prices and premiums (based on 1-19+ coins):

Leading Online Dealer #1 = $10.45 premium (59%)

Leading Online Dealer #2 = $9.00 premium (51%)

Leading Online Dealer #3 = $8.97 premium (51%)

Leading Online Dealer #4 = $7.50 premium (43%)

CLOUD HARD ASSETS = $6.20 premium (35%)

And, if we look at the lower-cost MONEX Silver Eagle premiums, they are 33%.  However, MONEX’s Silver Eagle premiums are based on Random Years, not for just 2020.  CLOUD HARD ASSETS Random Year Silver Eagles are $5.90 over spot, or a 34% premium, very close to MONEX’s premium.

It will be interesting to see how Silver Eagle premiums change over the next 2-4 weeks as the Stock markets may start to unravel once again.  Currently, there is more availability of silver bullion products, but that could change on a dime during the next market meltdown or financial crisis.  When the next major financial crisis hits the market, I believe it will be even more challenging to acquire silver bullion products, only at much higher premiums.


Precious metals investors have taken advantage of acquiring Official Silver coins with lower premiums rather than pay double the premium for Silver Eagles.  The Official Silver coins offering lower premiums are the Austrian Silver Philharmonic, British Silver Britannia, and the South African Silver Krugerrand.

While the leading online dealers are charging different prices for these coins, the lowest I have seen is the 2020 Silver Krugerrand offered by CLOUD HARD ASSETS at $20.96 per coin:

I checked ten different dealers, but four didn’t have any stock of the 2020 Silver Krugerrands.  As we can see in the chart above, the prices for the 2020 Silver Krugerrands ranged from $23.95 to $20.96.  So, it pays to shop around for the best prices and services.  While it’s a good idea to find the best prices, it’s even a better idea to find dealers who provide the best services.

UPDATE:  For early trading Monday morning (June 15th) with average spot silver price of $17.14:

Lastly, it will be interesting to see what happens in the broader markets in the next 2-4 weeks.  I believe we are going to see the U.S. Government put forth another BAILOUT PACKAGE as the economic conditions in the economy continue to deteriorate.  With the U.S. Public debt now over $26 trillion, investors should be worried about the FINANCIAL ASSETS they own.

Precious metals provide a STORE OF VALUE, while most PAPER ASSETS are being propped up by extreme leverage.  The idea of putting 5% of one’s wealth in gold and silver will turn out to be WAY TOO LOW when the next financial crisis hits.


Tom Cloud has been in the precious metals business for 46 years, since 1973.  He has a lot of experience in the precious metals industry and understands the gold and silver market better than most dealers in the industry.

If you are new to the precious metals market and had questions, Tom Cloud and Dan would be happy to answer any questions.

DISCLAIMER:  While Tom offers information about precious metals, you should not take this as investment advice.  You should contact a professional advisor and or do your due diligence before making investment decisions.  

Also, please read the FULL DISCLAIMER on the PRECIOUS METALS INVESTING page.

If you are new to the SRSrocco Report, please consider subscribing to my:  SRSrocco Report Youtube Channel.

Enter your email address to receive updates each time we publish new content.

DISCLAIMER: SRSrocco Report provides intelligent, well-researched information to those with interest in the economy and investing. Neither SRSrocco Report nor any of its owners, officers, directors, employees, subsidiaries, affiliates, licensors, service and content providers, producers or agents provide financial advisement services. Neither do we work miracles. We provide our content and opinions to readers only so that they may make informed investment decisions. Under no circumstances should you interpret opinions which SRSrocco Report or Steve St. Angelo offers on this or any other website as financial advice.

Check back for new articles and updates at the SRSrocco Report.  You can also follow us on Twitter and Youtube below:

13 Comments on "Silver Bullion Premium Update & The Lowest Official Silver Coin Price In The Market"

  1. Billy Lone Bear | June 14, 2020 at 3:46 pm |

    Great chart, thanks Steve.

    • The one thing we knew for sure coming out of a real nice May, was that TPTB were in no way going to suffer through a June like we saw last year. Staying with my present mindset that PM’s move down slowly until at least a little after the 4th of July. Then we’ll have to see how Celente’s “Presidential Reality Show” plays out moving into and through the Fall.

      ‘Trumps Economy’ being taken down and a Forked up Football season likely to put the Kaybosh on life as we know it big time through the end of the year. Thinking there will be a ton of pissed off peeps darn near everywhere…

  2. Is the mint currently producing bullion ASE’s ? I saw a site that showed zero sales for a week.

    • DisappearingCulture | June 15, 2020 at 5:54 am |

      Likely just a failure to enter a figure for that week. But they may build up some inventory and not fulfill primary (ship) dealers orders every single week.

    • I’ve been watching the official site for six months. From what I’ve observed they don’t post sales on any type of regular basis; only maybe at the end of the month to close it out. Very frustrating.

      Also, they rarely update the official site.

      Whatever is going on at the mint, I don’t believe that they are making any attempt to sell coins. They sold 5.4 million in March and then sales fell to 500K per month since.

      You can’t tell me, with everything going on, that there has only been demand for half a million ASE’s per month since March! They could have sold 5 million every month since March.

      I heard about three months ago in the MSM that they closed down the Mint at the end of March because one (yes, one) employee tested positive for the virus. Then silence. They didn’t even post this on the official site. Never mentioned the shutdown or when they would resume production.

      Then sometime towards the end of April, poof! a sales figure for the month appeared.

      It could be that they are synchronizing their production with the toilet paper factories.

      • The bottom line…whomever controls the production of America’s most beautiful coin, the flagship of true earthly value, the ASE…

        Doesn’t want you or anyone honest who believes in true wealth to have it in their hands…ever. Then there’s jpm.

        Yeah, more conspiracy theory…or is it?

    • “Is the mint currently producing bullion ASE’s ? I saw a site that showed zero sales for a week.”

      It also could be from a lack of physical Silver. People are going to select certain time periods to look at physical PM sales. But, that does not tell the true story.

      If physical PMs are not available to buy, of course, sales figures will be down – but not due to lack of demand. In fact, the opposite is true. Demand for physical PMs far outweighs availability. The sales figures mean little.

  3. Paying cash at a local coin shop is the best way to go as there is no record.

  4. Brant Lee | June 14, 2020 at 8:34 pm |

    Does the U.S. mint charge MORE premium than before on Silver Eagles to the dealers starting in March? Or are the dealers just taking advantage of the situation?

    • Adding to Brant Lee’s question, or more importantly…

      Have the dealers’ buy prices increased as much as the premiums they charge?

  5. Interestingly, the silver-to-gold ratio, this morning (Monday, June 15), has been right at 100-to-1.

    Kind of like 100 pennies to the dollar. LOL

  6. DisappearingCulture | June 15, 2020 at 9:34 am |

    Thanks for all your tireless work!

    “As of the close of Friday, here were the five dealers 2020 Silver Eagle prices and premiums (based on 1-19+ coins):”

    But Cloud has a 20 ounce minimum. 20 ASE’s are in a mint tube, and the price per coin drops at that point at the online dealers. 25 to a mint tube of Krugerrands and a similar decrease per coin when buying 25 or more.

    Might be better to quote price comparisons based on the quantity in a mint tube. 20 Austrian Philharmonics, 25 Maples, 25 Kangaroos, etc.

  7. Just bought my 1st set of Ag Kruggerands from Cloud. Wonderful buying experience. Would recommend all day long! Thanks Steve. Noticed some of the other dealers that I have bought from previously, have upped their premiums. One other dealer used to be competitive with Cloud back in March. These days Cloud beats them hands down. Others have upped their premiums or still holding onto March premium levels. Plus very courteous and friendly customer service from CloudNNA. Don’t mind working with them even if I have to keep calling back to place an order 🙂

Comments are closed.