American Silver Eagles (Mintages vs Market Value)

I don't understand why these coins -- and others -- command rich premiums over so long a period of time. A few weeks or a month or two, I get.

But you would think that such high premiums would fade over time....OR...the price of silver would rise.

No ??

 

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Bullion ASE's continue to hold value over their intrinsic value. It appears that they have gained collector interest as the price over spot is at least $12 for most of them. Here is the latest mintage versus original cost versus current value.