{"id":28625,"date":"2021-07-02T12:31:15","date_gmt":"2021-07-02T18:31:15","guid":{"rendered":"https:\/\/srsroccoreport.com\/?p=28625"},"modified":"2021-09-17T11:19:09","modified_gmt":"2021-09-17T21:19:09","slug":"whats-going-on-with-gold-silver-coin-premiums-check-out-the-premiums-from-leading-online-dealers","status":"publish","type":"post","link":"https:\/\/srsroccoreport.com\/public\/whats-going-on-with-gold-silver-coin-premiums-check-out-the-premiums-from-leading-online-dealers\/","title":{"rendered":"WHAT’S GOING ON WITH GOLD & SILVER COIN PREMIUMS: Check Out The Premiums From Leading Online Dealers"},"content":{"rendered":"

Gold & Silver coin premiums have fallen a bit recently because this is typically the slowest time of the year for the retail bullion industry.\u00a0 However, official coin premiums continue to be extremely elevated compared to normal prices before the pandemic shutdown.\u00a0 For example, Silver Maple Leaf premiums were typically no more than $2 per coin, but the current average for the leading online dealers is $7+.<\/p>\n

IMPORTANT NOTE FOR SILVER & GOLD SUBSCRIBERS<\/strong><\/span>:\u00a0 I had planned to put out a Silver Member article today on the growing problems with California’s Grid, but will likely post that early next week.\u00a0 It seems as if they will have to BEG & BORROW for additional electricity from outside sources in July & August, or will be suffering BLACK or BROWNOUTS.\u00a0 I will be posting this article early next week.\u00a0 Instead, I wanted to post this Gold & Silver Coin premium update for all Members.<\/p>\n

Furthermore, I will be doing a Gold Member Advanced Mining Stock Chart Update on Saturday and will be out of town on Sunday.\u00a0 Typically, I like to put out the Silver Members Metals & Market Update on Sunday, but that will have to wait until Tuesday.<\/strong><\/p>\n

I would also like to welcome the New SRSrocco Report Subscribers.\u00a0 If you are a newer Gold Member<\/strong><\/span>, click on the Gold Member TAB to see all the past archived articles.\u00a0 I highly recommend the LATE BRONZE AGE COLLAPSE PRESENTATION<\/strong><\/a>.<\/p>\n

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If you are a Silver Member<\/strong><\/span>, click on the Silver Member Link under the title of any Silver Member article, and you can see all the archived Silver Member posts.\u00a0 This is a good way to go back and research archived information.<\/p>\n

Okay, let’s get back to Gold & Silver Coin premiums.\u00a0 As I mentioned at the beginning of the post, while we see a bit of a drop in premiums, they are still quite elevated.\u00a0 Furthermore, according to GoldChartsRUs.Com, if we look at MONEX premiums, they seem to be rising again.\u00a0 MONEX premiums are less than the large online dealers because their prices are based upon putting metal directly into their storage system.\u00a0 Thus, MONEX premiums posted are not reflective of metals SHIPPED to your home<\/strong><\/span>.\u00a0 However, they are a good guideline to see overall changes in the market.<\/p>\n

Gold Coin Premiums<\/strong><\/h3>\n

Here are the MONEX Gold premiums, starting with the Gold Philharmonics.\u00a0 After the big spike during the Pandemic shutdowns, the Gold Philharmonic premiums fell and were only 3.5% at the beginning of 2021.\u00a0 However, they spiked back up over 5%, fell a bit, and are now trending higher once again, over 5%<\/strong><\/span>.\u00a0 This could be due to two of the four large online dealers that I check do not have availability of ANY Gold Philharmonics.\u00a0 And the average Gold Philharmonic premium from the two dealers that have product is 6%.<\/p>\n

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The next is the Gold Maple Leaf coin premium, which shows the same trend as the Gold Philharmonic.<\/p>\n

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Interestingly, the Gold Krugerrand premium on MONEX has jumped the past few days to nearly 5.5%.<\/strong><\/span><\/p>\n

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Of the four dealers I check, one did not have any stock of Gold Krugerrands, and the average premium of the other three was 5.6%, very close to the MONEX premium shown above.<\/p>\n

If we look at the premiums of the three gold coins above, they seem to average from 3-3.5% from 2011-2019.\u00a0 Today, they are at 5%.<\/strong><\/span><\/p>\n

Silver Coin Premiums<\/strong><\/h3>\n

For the silver coin premiums, let’s start with the Silver Eagle.\u00a0 Even though the Silver Eagle premiums are elevated because the U.S. Mint has switched over to a New Design, and hasn’t sold any new product in two months, the New Silver Eagle premiums are still very high.\u00a0 MONEX Silver Eagle premiums have increased to 27%.<\/strong><\/span><\/p>\n

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Here is the MONEX Silver Philharmonic premium, which has been steadily rising over the past month to 18%<\/p>\n

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The MONEX Silver Maple Leaf premium increased to 16% and has remained there.<\/p>\n

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Now, if we look at the Four Leading Online Precious Metals Dealers’ average premium for the coins below, we can see that they range between 20-42%<\/strong><\/span>.\u00a0 These figures are based upon buying less than 100 coins.<\/p>\n

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Now some dealers have lower sale prices, and other dealers are even higher. The New Silver Eagle Design released in July (1-3 weeks depending on dealer) shows an average premium of 42% for the group.\u00a0 The Silver Maple Leaf average is 27%, followed by the Silver Krugerrand (21%), Silver Kangaroo (21%), and Silver Philharmonic. APMEX seems to have the highest overall premiums of the group.<\/p>\n

Here is the list of Dealers, 1) JM Bullion, 2) SD Bullion, 3) APMEX, & 4) Money Metals Exchange.\u00a0 While there are several other online dealers, these tend to be the highest volume sources.<\/p>\n

Now, I contacted Dan and Tom at Cloud Hard Assets to provide their most recent premiums on these same coins, and Dan responded today with the premium percentages shown below:<\/p>\n

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Cloud Hard Assets is charging a much lower premium for Silver Maples than the other online dealers.\u00a0 Also, they provide a bit lower premiums on the Krugerrand, Kangaroo, and Philharmonic.<\/strong><\/span>\u00a0 While Cloud Hard Assets premium is a bit higher on the new Silver Eagles, Dan told me they would likely get an update next week that may be even lower.<\/p>\n

I’d imagine there will be a lot of buying of the New Silver Eagle Designs when they finally are released.\u00a0 Furthermore, if we do see weaker silver prices, this will likely motivate more physical buying as precious metals investors realize the problems in the Financial System haven’t been fixed since the 2008-2009 crisis and are only going to get worse as time goes by.<\/p>\n

Lastly, it’s important to understand that investing in precious metals is something that should be done over a period of time or by Dollar Cost Averaging.\u00a0 Some may be smart and time when the metals prices are at lows, but one thing we should do… IS NEVER SELL OUR PHYSICAL METAL.\u00a0 We continue to ACQUIRE or HOLD our physical metals until we need to buy something in the future<\/strong><\/span>.\u00a0 When the ENERGY CLIFF really starts to hit, that is when it will be CRITICAL to own physical precious metals.<\/p>\n

We sponsor Cloud Hard Assets<\/strong><\/a> at the SRSrocco Report because they have the lowest prices and best services.\u00a0 For example, Tom Cloud provides all clients the protection of putting their funds in an ESCROW ACCOUNT until the metal is shipped.<\/strong><\/span>\u00a0 Thus, clients’ funds are protected if there isn’t the metal to be shipped.\u00a0 Not many dealers provide this service.<\/p>\n

Next week, I asked Tom Cloud to provide a Precious Metals Update on the Industry.\u00a0 If you have any questions you would like me to ask him; please leave them in the comment section.<\/p>\n

If you want to contact Tom or Dan at Cloud Hard Assets, you can do so at the link here: CLOUD HARD ASSETS<\/strong><\/a>.<\/p>\n