NumisMaster Logo
Home
Register
Sign In
Free Newsletter

Collector Info
In Print
Site Map
Physical Silver Supplies Running Very Tight
By Harry Miller, Numismatic News
April 01, 2013

This article was originally printed in Numismatic News.
>> Subscribe today!


Gold is off one-half percent, silver by 1 percent and platinum barely negative this week. Silver is in great physical demand with supplies of the most popular items such as American Eagles and U.S. 90 percent silver coin very tight.

I think the premium on U.S. 90 percent is the highest I have ever seen with dealers bidding in the spot plus 5 percent range to fill orders.

Investing in Silver Online Seminar
Investing in Silver Online Seminar

This online seminar recording is a great source of sound answers to many questions about investing in silver. Click here to get your seminar today!

Some of this is certainly an effect of the Cyprus situation, which could have tremendous ramifications down the road. Imagine waking up one day with your bank closed and no way to access your account for two weeks and then on a restricted basis.

Also, if you had more than 100,000 euros, you will probably get 50-60 percent back. Could this happen here? Many wiser than me believe that 5-10 percent of net worth should be in precious metals as insurance for such possibilities. What better way is there than to collect bullion-related and numismatic coins containing precious metals?

Incidentally, while at a slower pace than other recent acquisitions, the IMF reports that Azerbaijan, Mongolia and Kazakhstan have added 7.5 metric tons of gold to their reserves in the past month.

The U.S. type coin market remains strong with more selected increases and the greatest strength showing in early quarters in higher grades. All Mint State Capped Bust half dimes are up as well as dimes in up to MS-64. There are increased prices on many pre-1916 half dollars in various Mint State grades.

Email: harrymkrause@optonline.net



More Coin Collecting Resources:

Get the 2012 Coin of the Year, and begin your collection of the award winning Mint of Israel Biblical Coins Series all at once for one low price!

• Subscribe to our Coin Price Guide, buy Coin Books Coin Folders and join the NumisMaster VIP Program

The Essential Guide to Investing in Precious Metals



Add to: del.icio.us   digg
With this article: Email to friend   Print


Something to add? Notice an error? Comment on this article.
 



About Us | Contact Us | Privacy | Your data is secure
©2014 F+W Publications, Inc., Iola, Wisconsin. All rights reserved.