American Silver Eagle Premiums

American Silver Eagle Premiums.

Premiums on one ounce American Silver Eagle coins are at elevated levels.

Premiums of 30% on American Silver Eagles are more a function of lower silver prices than a silver shortage.

Premiums on other silver products, like privately minted silver bars and rounds have not risen to the same extent as premiums on American Silver Eagles and “Junk Silver

The Lowest Cost. Period.

Why Do Premiums on American Silver Eagles Rise?

When one ounce American Silver Eagle coin (ASE) premiums rise, it’s usually in response to an increase in demand. Sales of ASE’s hit records in 2013 and 2014 and again in 2015. Premiums rise during sustained surges in ASE sales making it difficult for the U.S. Mint to keep pace with demand. When the U.S. Mint is well stocked or the price of silver rises, premiums fall.

American Silver Eagle Premiums Updated Daily

Please consider making a small donation to Thanks!

Compare American Silver Eagles for sale at:

SD Bullion
Golden Eagle Coins
Money Metals Exchange

American Silver Eagle Premiums July 2015

american silver eagle premiums chart august 2015

Premiums on American Silver Eagle coins are high (around 30% over the spot price of silver) in part because of lower silver prices and tighter silver supplies.

Click here to see updated silver and gold eagle premium charts.

Sign Up For Updates Here!

Lower Silver Prices Cause American Silver Eagle Premiums to Rise

One factor overlooked as to why ASE premiums rise is the falling price of silver that makes the retail price paid per coin rise on a percentage basis much higher than other silver products.

According to the United States Mint (the Mint), Authorized Purchasers (APs) of ASE’s, like Apmex, can purchase ASE’s for $2 dollars per coin over the spot price of silver with a minimum ordering requirement of 25,000 coins.

The Mint’s $2 charge per coin is the same whether the price of silver is $10 or $50 an ounce.

The constant Mint charge of $2 per coin acts to make the premium higher on a percentage basis the lower the silver spot price. For example, a $2 premium on $10 per ounce silver equates to a 20% premium over the spot price of silver on ASEs that AP’s purchase from the Mint; at $20 per ounce a $2 premium per coin equals a 10% premium over the spot price of silver; and at $40 it’s just a 5% premium over the spot price of silver. The higher the price of silver, the lower the premiums APs pay the Mint on ASEs.

Coin Dealer Mark Up Increases the Premium

APs resell their ASE’s to other dealers or sell them directly to the public. In order to make the relationship with the Mint profitable, APs mark up the inventory of ASEs they resell. In times of greater demand, ASEs can be marked up higher per coin than in times of lesser demand or when the Mint can easily meet demand.

In the chart below (CLICK HERE TO ENLARGE) we show the impact of lower silver prices on ASE premiums. The examples below assume the dealer is an AP and is marking up their inventory from the $2 per coin price they pay to the Mint.

As you can see when the AP buys ASEs at the low price of $10 per ounce, it will pay the Mint $12 per coin or 20% higher per coin than the spot price of silver.

If the AP marks its inventory of ASE’s up just $1 per coin from the $12 it pays the Mint, the sales price will be $13, equaling a hefty 30% premium.

If the AP marks its inventory of ASEs up $2 per coin, the selling price of their ASEs would be $14 or a 40% premium per coin over the spot price of silver.

The impact of the $2 per ASE Mint charge to APs over the spot price of silver becomes less pronounced with higher silver prices.

The Lowest Cost. Period.

NEW! The Smaulgld Store is Now Open – Click to Visit the Smaulgld Store

Premiums on American Silver Eagle coins by percentage

Premiums on American Silver Eagles are higher on a percentage basis when silver prices are low due to the $2 per coin Mint charge.

Compare prices and shipping charges on American Silver Eagles for sale at:

Golden Eagle Coins
SD Bullion
Money Metals Exchange

Smaulgld Super Classic Mug – $23.99 with Free Shipping in the Continental United States.

Smaulgld Classic Mug – $19.99 with Free Shipping in the Continental United States.

Get Free Updates From

Subscribe to and get the free In Case You Missed Itweekly email as well as updates and analysis on gold, silver, real estate and the economy.

Also get the free report “Twelve Key Differences Between Gold and Silver” when you subscribe.

Subscribe to to receive free gold and silver updates, news and analysis.

Further Reading:

Who Are The United States Mint’s Authorized Purchasers of American Silver and Gold Eagle Coins

Sales of American Silver Eagles Set Record in 2013

Sales of American Silver Eagle Sales Set Record in 2014

Sales of American Silver Eagles on Pace to Set Record in 2015

Silver Supply Premiums

Telling a real shortage from a capacity shortage

Canadian Mint dysfunction snowballs as silver coin premiums rise

Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.

Or you can support by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the Golden Eagle Coin, Perth and Royal Canadian Mint ads on the site.

DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.

Chart Disclaimer: Information presented here has been obtained from a third party and is presented for information purposes only. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. You should always consult a professional investment adviser before investing in precious metals or any type of investment. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site.

The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.

The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.

Post Navigation