On purchases of 1-20 ase - six months ago you could buy Silver American Eagles for $2.50 over spot, then the Mint raised their premium and the retail premium went to $3 over spot.
Over the last six months I have suggested that several friends invest in silver. I guess they finally looked into doing it (after a 70% run up!).
The "normal" premium over spot appears to have increased along with the spot price.
What is the current "fair" premium over spot to pay for American Silver Eagles in quantities of 1-20?
The Mint produced over 6 million ASE last month so there shouldn't be a lack of supply. What's going on?