Perhaps someone could explain to me why the purchase of silver bullion coins is more than double the spot price while the purchase price for gold bullion coins is only about 10% higher than spot.
The reason that silver coins and/or bars have such higher premiums is because the silver price is considerably less than the gold price. Premiums are reflected in all costs of production and dealer markups . The cost of producing a silver coins is about the same as that for a gold coin. The issue is that the cost for minting the silver will be a higher percentage of the finished coin or bar price. Hope this helps ....Jack
Hi Silver has not made any sense for a long time. All I hear about is how strong the coin market is. Yet, the Comex silver price action is the worst I have ever seen in 50 years. Never seems to change no matter what. Scratching my head. Bill
Checking the latest numbers for uncirculated 1 oz gold and silver coins, the ratio is now a very reasonable 60- 1. Gold oz at about $2050 and silver at about $34. It is my view that these numbers are good proxies for the real price of gold and silver as this is what the many suppliers charge the many physical buyers. The futures markets do not reflect actual values.
jpdell33
10-11-2022 @ 1:04 PM