20 votes

U.S. Mint out of Silver Eagles: Premiums going vertical tonight


I just looked at Apmex and the premiums on 2012 and the new 2013 Silver Eagles is up several dollars tonight. Keep stacking...the physical price is getting ready to come unglued from the garbage paper crap.

Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

You guys are scaring me

In days past, whenever the chatter about silver started up on DP, the price dropped like a rock.

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

Silver Eagles

Gold dealers buy silver eagles from the U.S. Mint in bulk so they can take them to PCGS or NGC and get them slabbed MS70 or MS69 and charge 35% commission or more on them rather than the normal 5%. Look at the January sales each year. They stop minting in December to prepare for the huge influx of buying by dealers in January. More dealers come around and join the fun because profit is good. There is a reason why the gold dealers can afford to advertise on Glenn Beck, Sean Hannity and Mark Levin etc. shows. They can afford it!

Meanwhile, silver Canadian Maple Leaf's are 60 cents less per coin than the Eagles and are not sold out.

Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!

People must be scared

People must be scared shitless. I see a lot of "out of stocks" on all silver products across several online vendors.

Southern Agrarian

just like guns and ammo.

just like guns and ammo. Food may be next.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

2013 Silver Shortage is here

About time. I posted about this coming last week here on DP, but everyone ignored me.

Rough Predictions are physical silver will run up to $150 an ounce before the next price crash. Then when the Super Shortage hits in 12-18 months (2014), it goes through the roof. COMEX, the phony paper silver market "official" spot price will probably go no higher than 40. Pay no attention to that scam. It's a dying market.

From what I've seen right now 90% silver coins are trading for a good premium (34-37 dollars) over the "official" price of 31.81 already on eBay. If the shortage continues, and it should, this spread will widen.

For God's sake, if you have to sell, don't sell your silver eagles or silver to APMEX or a coin dealer. They will only give you spot prices. Sell on eBay or privately to get the best premium.

Stack and hold physical. Avoid all paper claims to silver, they are scams. Wait until the physical silver price is so high your eyeballs will pop out of your head. That's the best advice.

Tricks and treachery are the practice of fools, that don't have brains enough to be honest. - Ben Franklin

I don't buy eagles

because they are minted by our corrupt Gov't. I do buy everything else I can get my hands on though :-) Also, their premium is too high so I stick to $1 and less over spot silver rounds and bars.

and you get that premium back

and you get that premium back when you sell. I don't think they will be produced much longer. They are well recognized (easy to sell) and there are tax advantages on Eagles.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

Maybe you do and maybe you don't

depending on what it is one thinks they are going to need silver for later on. I understand why folks would want them, and these are sometimes the reasons that I do not want them. I'd get them if they were a buck over spot instead of $3 for sure, but I am a miser like that.

Put it this way, I wouldn't give you any more (or less) for a silver eagle than I would a silver buffalo or a mexican libertad if the FRN went away and you needed some eggs from my chickens.

None the less, keep stacking now while silver is cheap.


you may not...many others

you may not...many others would.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

You might want to consider

You might want to consider some garbage silver (low quality silver for melting down; silver is the opposite of garbage). It is often worth it if your intention is retaining wealth and not just a coin collection.

I have a fair amount of

other various silver, but I wayyyyyyy ahead on the 99.99% stacks that I have at this point and it's easily able to be resold again at the price of spot. Or better than spot if I wanted to even sell it on Ebay or something. I will hold it until the dollar crashes and I need it though.

Apmex & other big online

Apmex & other big online metal stores are sold out, smaller coin shops have 2013 Eagles in stock

Oh, I Love Them Beautiful Silver Eagles

I'm so glad I listened to my dad and started buying them in 86'..I have so many, I need to buy another mosler safe...Ha

Don't worry, no one will ever find these babies..




You still here.. (Whisper)

wait a minute.. according to

wait a minute.. according to some self proclaimed "experts" there is plenty of silver. The big "deflation" is coming.. according to the "experts" yea right.

I knew something was up when

I knew something was up when they quit selling the 2012's in mid December...


“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

This has happened many times

This has happened many times before, so who knows