• 968 days Will The ECB Continue To Hike Rates?
  • 968 days Forbes: Aramco Remains Largest Company In The Middle East
  • 970 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,370 days Could Crypto Overtake Traditional Investment?
  • 1,374 days Americans Still Quitting Jobs At Record Pace
  • 1,376 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,379 days Is The Dollar Too Strong?
  • 1,380 days Big Tech Disappoints Investors on Earnings Calls
  • 1,381 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,382 days China Is Quietly Trying To Distance Itself From Russia
  • 1,383 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,386 days Crypto Investors Won Big In 2021
  • 1,387 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,388 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,390 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,390 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,393 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,394 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,394 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,396 days Are NFTs About To Take Over Gaming?
David Morgan

David Morgan

Mr. Morgan has been published in The Herald Tribune, Futures magazine, The Gold Newsletter, Resource Consultants, Resource World, Investment Rarities, The Idaho Observer, Barron's, and…

Contact Author

  1. Home
  2. Markets
  3. Other

Why Is There a Coin Shortage?

While recently attending the Orlando Money Show and as one of the few who were advocating real money, if you know what I mean, the topic of the silver and gold shortage was discussed, as you'll see in the attached video link. Before viewing it, keep in mind a few points:

  • There are some advantages to buying Silver Eagles that I did not go into during this interview.

  • Secondly, the premiums in the coin market still exist to this day, yet all of the dealers that I network with have verified to me that supply of both silver and gold coins is tight but much more plentiful than just a few months ago.

  • Nevertheless, the U.S. Mint is still having "problems" and has cut back on many of the coins that were once offered. Gold Eagles seem to be the hardest to obtain at this point.

Click Here to Watch Video discussing the Coin Shortage

Now that you've viewed the video, here are some other thoughts to keep in mind:

  • Silver bags (junk silver) still have a large premium, which is unusual; most of the time junk bags sell at a discount to the spot silver price.

  • Foreign gold coins also have a higher than normal premium.

  • Not many sellers are in the market -- in fact it is almost exclusively buyers!!

As mentioned in the video, it is normally best to get as much gold or silver per "dollar" spent, and this is outlined in the Ten Rules of Silver Investing, which you can obtain for free by visiting our Web site and signing up for the free updates. In addition to the ten rules, we do feature some of the coin dealers we know and trust.

It is an honor to be.

Sincerely,

 

Back to homepage

Leave a comment

Leave a comment