Silver eagles are a popular choice for collectors and investors alike, but recent market trends have caused premiums to skyrocket. We explore the reasons behind this surge in demand and offer insights into where silver eagle premiums are now.
The American Silver eagle prices continue to increase as production can’t keep up with the demand. 4 years ago, an American silver eagle was $18 dollars per coin. Now the American silver eagles are closing in on $50 dollars per coin. We have actually stopped buying silver eagles due to the insane price currently. investors who wish to store their money in silver can get double the amount of silver buying generic silver. Sure, it won’t be American government issued silver, but silver at the end of the day is silver. You can also buy foreign government silver for much cheaper, like the Canadian maples, Austrian silver, and Chinese pandas to name a few. Silver eagle prices just don’t make since buying at these high of prices when silver spot is still sitting around $25 per 1 OZ why pay double in premium?