After months of the U.S. Mint dealing with supply issues, shutdowns, and new employee policies dealing with the global contagion, sales of Silver Eagles finally jumped in August. Due to the U.S. Mint implementing new employee safety guidelines at the mint, they are only producing either Gold or Silver Eagles…
Due to measures taking by the West Point Mint to protect workers from the virus, the production of gold and silver coins will be reduced over the next 12-18 months. By enacting these worker policy changes, the U.S. Mint will not be able to produce gold and silver bullion coins…
As the silver price surged nearly $4 this week, premiums on Silver Eagles also increased. Due to the high demand for Silver Eagles, the premiums for the coins are still the highest versus competitors. This is part of the reason that Silver Eagle sales in July are much lower in…
As the Fed and central banks continue to prop up the global economy with massive monetary stimulus, investors are just beginning to move into the precious metals to protect wealth. In the first seven months of the year, investors have already purchased three times the Gold Eagles that were sold…
An interesting dynamic is taking place in the precious metals bullion market. While the premiums for Gold Eagles have fallen back to near-normal levels since the global pandemic hit during mid-March, Silver Eagle premiums are still close to their highs. According to GoldChartsRUs.com, using Monex’s prices for Gold and Silver…
Silver Eagle premiums have fallen from the highs over the past 4-6 weeks. However, 2020 Silver Eagle premiums from the leading online dealers are still averaging nearly $8 per coin. Thus, precious metals investors are still paying an average 45% premium over spot for the U.S. Mint 2020 Silver Eagles….