The REAL REASON American Silver Eagle Coins Are so Expensive

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Title	:	The REAL REASON American Silver Eagle Coins Are so Expensive
Lasting	:	13.32
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SD BULLION sells Silver American Eagles with reed marks damage and scratches on them they still haven't made it right with me yet I bought 2 - 2015 Phila Eagles from them but I wouldn't purchase nothing from them again
Comment from : Michael Grubb

10 months lateryeah, the ripoff has gotten worse haha
Comment from : Michael Williams

Us mint is selling 1 coin for $80 when a Troy ounce is $2518… that’s not even including the tax it’s called robbery… I can buy 3 Troy ounces of silver at that price
Comment from : lowkey213

How much would a 2016 silver eagle with the higher rating or a high-grade be worth I gave 280 of them yesterday to a coin shop for about $26 each? Does that sound about right? Everyone of them we’re in perfect condition
Comment from : AMO4X

go where your dollar gets best deal and to heck with AE'sCapitalism at its best
Comment from : IBuildDBS

When the us government can't buy silver anymore they just gonna come take it and make another for Knox with our silver 😂
Comment from : The Silver Sphincter

Points:br1 you buy also the coin & year,brNot just the silverbr2 The cost of shipping is also insine 15 to 25 usd to ship worlwidebr3 According to google, in 2022 they printed well over 15 million silver eagles brThe limit per year is a minimum 12 to 15 million
Comment from : Aurelian Titirisca

That's not true Gov buys at spot and in bulk from mining corporations And, together, they manipulate the market This is theft by gov to us!
Comment from : Randy Thomas

Old Jewish trickeryand this is who manipulates our gov too
Comment from : Randy Thomas

If American silver eagle is a rip off, hand poured silver is a rip off
Comment from : Vegas Stacker

Why didn't the Platinum Eagle and Palladium eagle get a new security feature??
Comment from : Shauna Skeet

Will they be better to collect because they are not making a lot ?
Comment from : Zac Bunch

We are being ripped off
Comment from : steven means photography

I just bought some eagles on Amazon Expensive but hey, I wanted some They look awesome
Comment from : Big Gav 74

If your gonna buy silver buy for the weight silver is silver Yes you have popular coins but I'm in it for the weight
Comment from : George Clark

I have some the rarest silver eagle grade 70brfrom 2018 till now brall very very very low mintsbrin the future these will go way up
Comment from : James Williamson

US Mint has NO Silver Eagles for sale right now Even the bullion sites like JM Bullion, SD Bullion, MoneyMetals, and others are short on ASEs Many other sites have NONE
Comment from : William Hearn

bIt's called GREED Stop buying them, the price will fall Keep overpaying, the price will go up If you really want to see what's going on at the old Coin Shop Buy a tube of eagles, sit on them for a month, sell them back to the same shop, see what they offer you All the sudden those "HTF Eagles are falling out of the sky & the "premium" is a figment of your imagination Coin Dealers are some of the most dishonest thieves on the planet/b
Comment from : Fireworxs2012

Personally, I don't even like the looks of them That's just another reason I don't buy them They aren't even that nice looking to me I'd buy Maple Leafs before them
Comment from : Magoo Lew

Silver coins are so “expensive” because spot prices are not a true reflection of the market price The premiums and spread is a convenient indicator of how much the exchanges are manipulating the price
Comment from : Lester Chua

May I ask, is there a difference between buying a 2022 year to a 2013, 2015, 2018 is there are difference? Obviously the same value just different years Thank you
Comment from : Morticia Jo

Good assessment! I've paid higher and lower Get what you can at lowest premiums, name of the game!
Comment from : Dave ditchdigger

Most I ever paid was $2950 That was it for me They can choke on them now
Comment from : Spin Cycle

High Premiums are the New Normal, get used to it!!!!but AT LEAST you can Move Eagles fast, since it's US Mint and get your money right back outmy shops won't even take generic silver
Comment from : Mike Fu

Eagles are only 999 and the international standard set in Shanghai is 9999 more pure Eagles are not international standard and say one dollar on them Maple leaf coast less and are 9999 international standard and say 5 dollars Eagles are a bad deal all around, I purchased them when it was cheap and happy I did
Comment from : Michael Monaghan

I gave up on silver coins I just buy kilo bars Save money for one bar at a time These premiums are pathetic 2010 the premiums were 1 to 3 dollars depending on condition of ASE Kilo bars just feel better in the hand too 🤘
Comment from : Zzygyy

Here the UK, silver eagles you sell go for the same price as other 1oz coins of the same quality
Comment from : Bawdale

I'm American but hate these coins compared to maples, kangaroos, and the others American eagles suck the design is crappy I'm sure many will agree
Comment from : Daniel Melgoza

Only ones making money are the dealers Overinflated silver is ridiculous Don't waste your time and money SCAM
Comment from : Thom Perkins

I buy direct from the US Mint; I just got half a million worth of ASE when spot was 18$ last month Paid $2050 per Will sell them all day for 30$Takers?
Comment from : steve alex

I called a local shop and they had silver eagles for $4000 He seemed offended when i said wow!
Comment from : xxjunkcollectorxx

They could raise the value a bit of face on the silver coins to help fix the problem
Comment from : Jason

Interesting, I do want one of these silver eagles, but my reason doesn't allow me to because for the same price I can get any other 1 oz silver coin + extra 1/4 oz silver coin like Britannia
Comment from : TheColonel

It's only going to get worse when you have a billionaire trying to buy up all the Eagles around Won't be much left for the rest of us at any price
Comment from : walter swanson

I buy a few Eagles a year for collection purposes Otherwise I don’t touch them
Comment from : Michael McDaniel

Just picked up 1999 a piece 2020 year 1 oz fine silver proof Liberty dollars with free capsules for storage and plastic holders each coin has on it Got 40 of them and got 8 extra coins for free total of 48 coins with free shipping last month I Like silver I have from 1970 to 1999 silver proof sets left from my father he passed away I don't know if I over paid free shipping also For the year 2020 Liberty dollars 1 oz fine silver
Comment from : Frank Davis

9:40 "It's implied" Yeah, no This stuff is laid out and meant to be taken very literally Nothing is ever 'implied' with this type of codified law
Comment from : Kratos Tomatoes

How come the royal mint can sell a beautiful coin like the one ounce silver brittania at only a few dollars above spot?brIt's a great coin , much better security than the Eagle and no shortages Makes zero sense buying eagles
Comment from : jasbinder singh

It’s high priced because you keep paying it……
Comment from : D 20

The bigger question is, why don’t they buy it from the Comex and take delivery!
Comment from : Richard LaDow

"Legal Mumbo Jumbo" 🤣🤣🤣 🤙👍🍻
Comment from : Silver Bean Counter

that was about the time of the Hunt Brothers fiasco wasn't it that public law
Comment from : uawsux

Also pretty simple, because boomers who are obsessed with us coins for some reason are willing to pay that much for them
Comment from : Starship Kadet

Cost of making planchettes is a part of the minting process They buy the silver at spot and pay for making planchettes and add it into their costs It’s really that simple
Comment from : Tom Tharos

Im with u I cant believe people are still paying such high amounts for Eagles I like getting more bang for my buck im buying what ever is the cheapest
Comment from : Larry Pankey

ASEs are expensive because AMARK has cornered the marketbrAMARK - 1 of 10 authorized purchasers from the US MintbrAMARK owns 45 of Sunshine Mint who makes the 1 oz gold and 1 oz silver planchettes for the US Mint There is a shortage of planchettes causing ASE prices to go up 🤔brAMARK also owns br100 JM Bullionbr100 Providentbr100 Silvertowne Mintbr49 Pinehurst CoinsbrIs buying 47 with option to increase to 75 - Silver Gold Bull aka Wall Street Silver 🤔
Comment from : Tom Tharos

Silver is Silver no matter what stamp is on it
Comment from : SilverBack EL Torro

The high premium is because the paper and physical silver prices have unofficially decoupled
Comment from : Manuel Gaetan

"Market Price" does not equal spot "World Average Price" does not equal spotbrbrThe verbiage is organic on purpose Also, the real research needs to revert to the stockpile that was mentioned Look at how that silver, and gold, is delivered to the authorized 3rd party mints to be converted into planchets The transportation both ways, plus what the mints charge, add to the net cost before arriving at the Mints brbrI am pretty sure the US reserves have a purchasing agreement That leads into why the reserves have shrunk I am sure the average costs of the reserves are well under spot, let alone market
Comment from : Brian C

Silver American Esgles are the most popular US coins are the most trustedbrSilver Canadian Maple Leaf is a little bit prettier Sorry to hear what you said about Silver Amrrican Esgles
Comment from : Elizabeth Murray

UsMint silver 1oz eagles $6700
Comment from : H Tub

I just heard from my LCS dealer the reason the US Mint is having trouble getting silver He said that under Federal Law the mint cannot buy silver for over the spot price In the past they have bought it for under spot because of the large quantities of purchase But now everyone is buying it for what they can get it for I haven't had time to research this, but it would take a change in Federal Law for the mint to buy over spot
Comment from : Peahead

I love your channel! I have learned so much from you brother Much appreciated!
Comment from : iSid Fynch

What is their definition of "public" because it said nothing about "authorized dealers" brI smell a rat
Comment from : Paul Richards

It says "sell to the public"why do we have to go through a middleman that marks up the coins?
Comment from : James D

Just got a silver eagle at spot price from sdbullion! Yeah boyeeee
Comment from : Got Face

Somebody just bought 50 million in silver, cleaning out the market
Comment from : Lucy

Here in UK 2022 eagle costs $4660 😱
Comment from : Linda Gray

Because trhere is mucho stupid people paying for those american silver chickens
Comment from : Jose Aguilar

Never a reason to pay almost double for 1oz of silver, it’s the sucker bet at the dice table
Comment from : Ray DanielIV

I got 2 oz today from my local dealer for $48 I got a DONT tread on me Boston tea party round and a American eagle round
Comment from : Ray DanielIV

I've stacked eagle's for years but past couple months I've been buying double of Canadian maple leafs
Comment from : DMR

The paper shorts are under the value of the physical so The conspiracy that makes sense in all of the issues of spot price value versus physical value is if they drove the price of the Of the paper it would equalize the value that physical silver goes for I know there’s more to that than that but that’s why were in this issue I believe the paper devaluing silver from the actual cost of physical bullion
Comment from : CJ

just went to my LCS and paid 32 for one eagle, I think I did ok considering spot went up to 20 bucks
Comment from : Luis Martinez

After seeing some of your videos SD, the wife and I got to talking about storing a small amount of silver, perhaps gold at the house I guess eagles are off the table and I'll go with bars, maples or britannias
Comment from : Chad Erickson

I jst bought 20 Oz of silver eagles last week and I love them hahah
Comment from : BLK MAMBA

"The United States Mint is currently reviewing and updating our requirements for becoming an Authorized Purchaser of United States Mint Bullion products During this review process, we are suspending the review of all applications until this process has been completed The Mint is actively working to complete this process in a timely fashion"
Comment from : American Mom

I'm new to this so thanks for clearing this up about the Silver Eagles SD Bullion is shipping me some lol There has to be certain advantages to the SE's over bullion and why one would choose coins or bullion
Comment from : in·trac·ta·ble maskvp mGy

Americans are too fixated on eagles Here in Europe, Austrian Philharmonics, Australian Kangaroos and South-African Krugerrands are way cheaper and the go to market
Comment from : Michael Pieters

I prefer the newer Canadian Maple Leaf No milk spots Just as recognized Difficult to counterfeit Beautiful coin I prefer 4 nines over 3 nines
Comment from : David Ortiz

Great stream, as always I appreciate the level-headed approach you take to the news and the markets A lot has changed and that's on everything but the truth is I don't even care much about bullish or bearish market anymore because Mr Richard got me cover as I am comfortably making 15B T C monthly
Comment from : Lex🦠

The spot must rise Comex is the culprit
Comment from : chamberlin

What if you bought a bunch of ASEs before the high premiums? Would you sell them to buy more kow premium silver?
Comment from : Wasatch Wizard

Also, until somebody can prove otherwise, I feel the retailer is marking up premiums I don't know how the wholesaler can do it, since production is limited and they are likely to sell out in every situation That is their job The retailers likely mark up to the point of still having a turnover and not stagnating the sales
Comment from : Donavon Robbins

Old news The mint has to but spot They just can't figure out how much to purchase when the write the contract So when they under estimate the volume, there is no incentive for the bullion dealers to sell below market rates, after the initial contract has been filled
Comment from : Donavon Robbins

I’ve said this in your other videos that you’ve posted disparaging the worthiness of silver eagles: The fact that ASE’s hold their value and maintain a high premium is exactly the reason why you should be buying them You seem to be very confused about this and it makes me laugh as you continue to stack near worthless silver bars as if having 1 ton of bullion silver is somehow magically better than having half a ton of minted silver that commands the same price You should always invest in the instrument that holds its value, no matter what! Bullion silver is essentially worthless outside of a silver dealership or maybe a jeweler Minted Eagles are valuable in the eyes of everybody! Do you understand? Sorry for the rant but you need to wake up and realize that you’re encouraging your viewers to invest in high volatility bullion and to stay away from the more stable ASE With the insane paper:physical ratio leveraging silver into an almost permanent downtrend, stacking non-collectible forms of bullion is tantamount to pure speculation/gambling
Comment from : Michael

I'll buy eagles (gold) haha
Comment from : Christian Andrews

Ha! Remember silver and gold is money and governments say and do different things Metals can, do, and will NOT care where it come from or where it's going
Comment from : Jason King

No silver eagles for me I think premiums on a lot of coins are inflated I don’t have a local coin dealer so I have to rely on dealers Hero not to bad, you catch some on SD, I did sign up for military discount on JM bullion, Provident have not bought yet
Comment from : Irreverent Warrior

Scarcity creates Value! I’m buying eagles Gonna be valuable like Morgan’s
Comment from : dejaydstone1

So locally they charge me in Burbank ca over spot 15 over spot so I’ve been paying fifty percent above
Comment from : Karen Perez

I think Uncle Sam may wish to place random places like say the sunshine mint on permanent tax audit status until purse strings loosen
Comment from : Eric S

Don’t believe him… These experts are totally wrong… Silver is the WORST INVESTMENT… Everyone… Sell your silver to me right now!
Comment from : Saj Habib

Another intelligent and informative video, Silver Dragons I hear everything you're saying, but I'm getting a bigger itch everyday to start snatching up these American Silver Eagles I want it! Am I wrong? Talk me out of it!
Comment from : Weekly BULLION

I buy eagles all the time for $3-$5 over
Comment from : c

USA eagle ,s 50 dollers here in Scotland 2015 eagles for some reason 75 dollers each ,that's with there premium s and tax at 20 ,some one making serious money 🤑 but no tax on gold here ,👍
Comment from : Shaun Corless

I hate to say, but could it also be the authorized purchasers of the bullion coins from the mint aren't ordering as many from the mint in order to maximize the profit that can be had when supply is low? I'd assume that the mint is going to produce the minted bullion coins based upon the orders they receive from their authorized purchasers Either way, eventually the demand will decrease and the premiums will also come down on the ASEs Now isn't the time to be buying ASEs As you said, much better deals to be had with cast bars
Comment from : NavyVet

What about Maples? The premium is around $8!!
Comment from : Frank The Tank

So it says sell to the public That seems to indicate that selling to the public should be direct and not only selling to Authorized Dealers Authorized Dealers are not the public They are special wholesellers Someone should take the mint to court over this
Comment from : Tyler Wright

I’m stacking RCM 10oz bars and buffaloes
Comment from : John

Confusing for sure My coin shop, I think, is selling the silver eagles and all silver at the board price; ie, $19+ at the the time of this writing plus a $9 premium per 1 oz coin So, $28+ at present
Comment from : Brooks Wilson