Quote:
Originally Posted by freebeard
Thanks. I suspected there was some transactional friction, so it's only 5%?
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AT LEAST 5%. Today silver is at $19.91 per oz (down $0.46 today - down 2.25%)
Looking at the linked above
$22.30 for 1oz Buffalo rounds (12% premium)
$36.21 for a 1oz American Eagle (82% premium)
When I was buying silver 10 - 15 years ago junk pre-1965 90% silver coins (dimes, quarters, half dollars) were the cheap way to buy silver but that doesn't seem to be the case anymore. $1 of 90% coins has .715 oz of silver
$100 of coins are $2203 so that is $30.8 per oz or a 55% premium.
Even generic bars bars have a 12% premium.
If you look at silver prices they haven't been been a hedge against inflation.
