How much over spot should i pay for silver eagles

US Silver Eagles. Silver Maple Leafs. Silver Dollars. America the Beautiful. African Silver Coins. Australian Perth Mint. Austrian Philharmonics. British Silver Coins. Chinese Silver Pandas. New Zealand Silver. Mexican Silver Libertads. Silver Rounds. Fractional Silver Rounds. Intaglio Silver Rounds. The Awakening. Silver Bars. Kilo Silver Bars. Other Silver. Truth Coin Series.

Scottsdale Silver. Other World Silver. Gold Coins. US Gold Eagles. Gold Maple Leafs. US Gold Buffalos. Australian Gold Coins. British Gold Coins. Retail costs can fluctuate based on a variety of factors, including shifts in prevailing spot price and availability. Not to mention the fact that every coin dealer and silver distributor sells Silver Eagles at a small markup over bullion.

Oftentimes, volume buyers can take advantages of special discounts to take the edge off of these markups — otherwise known as premiums. And while most bullion sellers will try to hook you in based on their premium over spot, savvy buyers would do well to look closer in order to get the best deal.

Paying close attention to live spot prices, advertised spot premiums and ordering criteria provides the biggest pay off in the end. Additionally, when it comes to buying silver bullion coins there are a few points that many investors bear in mind:. Of course, none of the above pointers assume the buyer is looking to assemble a crisp collection of American Silver Eagles spanning from the first year of of issue in to the present.

The information applies solely to silver bugs and others who want to stack their coins as high as possible and as cheaply as possible. For them, the game is not finding one premium specimen of every date but finding the cheapest possible deal regardless of date and condition. This is for a few reasons. First, a proof coin is simply more expensive to make.

The coin is struck using special dies. Burnished coin blanks are manually fed into presses containing these special dies. The coins are then struck multiple times. In addition to the enhanced minting process, the proof Silver Eagles are then placed in protective plastic capsules and mounted in a custom presentation case along with a certificate of authenticity.

This obviously all adds cost to their production. Mint does sell these coins to the public, as well as networks of wholesalers and dealers. Once the coins are sold to networks of wholesalers and dealers, these companies will make the effort to market and sell the coins. Some of these dealers may be online and some may be in brick and mortar stores as well. These dealers, just like the U.

Mint, are in the business to try to make a profit. There are numerous costs associated with running a bullion store or dealership. Dealers must recoup these costs along with some type of profit on sales in order to stay in business. It is also important to remember that dealers can buy in much larger quantities than the average customer can.

In doing so, dealers get wholesale pricing while those who buy from dealers pay retail pricing. In fact, it is really no different from any other retail business out there. Uncirculated American Silver Eagles typically carry a premium of a few dollars over the spot silver price.

American Silver Eagle proofs , however, can carry premiums that are three times the spot price. The premium on a proof coin will depend on the year, scarcity and condition.

Proof coins also can have fluctuating premiums based on collector demand. The world of coins and bullion carry with it a list of charges and expenses that must be passed along. These costs include design, mintage and distribution as well as dealer markups. The American Silver Eagle coin carries good premiums for a reason — it is a well known and respected product of the U. The next time you are looking at Silver Eagles, we think you will have a whole new appreciation of what really goes into these magnificent coins and bringing them to market.

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Toggle navigation Login 0. What Is A "Spot" Price? SilverTowne Pricing Bullion Like many other dealers and retail shops, we determine our precious metal pricing based on the same factors mentioned above. Posted in: The Vault Blog. Shopping Cart: 0 Items. Your Shopping Cart is Currently Empty