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.

 

My 2024 ASE Bullion coin.

 

It looks like those prices include premiums
and the price of silver has gone up as well
at my LCS premiums are close to $17 where as a generic silver round is $2-$3
a much better value in my opinion.

 

Silver Eagle newbie question. Are the Proofs valued more or the same here?

 

Sal, that’s a loaded question. If you ask someone like me, a silver eagle is worth spot value period. I don’t care how much you dress it up….. But my view is antiquated as the markets seem full of ASE’s in fancy packaging bringing premiums.