The REAL REASON American Silver Eagle Coins Are so Expensive

In this video I talk about the 2022 American silver eagle coins and why they are so expensive. The reason that I have been told that silver eagle coins are so expensive is that there is a law that prohibits the US Mint from buying silver above spot for their silver eagles. In this video we try to find the law that is making is so hard for the US Mint to buy silver and make silver eagle coins. We also talk about why American Silver Eagle coins are so expensive in relation to other coins. I believe that the US Mint needs to make some changes to better the American Silver eagle coin program, because what they are doing right now is not working. The 2022 silver eagles have almost a 100% premium and it shows no signs of slowing down.

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Topics I cover in this video: 2022 silver eagle, 2022 american silver eagle, 2022 american silver eagle coins, silver eagle, american silver eagle, american silver eagles, silver eagle coin, silver eagle coins, silver stacking, silver investing, silver coin, silver coins, silver eagle, silver eagles, us mint, american silver eagle, american silver eagle shortage, silver eagle shortage, silver eagle premium, authorized purchaser from us mint, us mint authorized purchaser, silver coin conspiracy, silver shortage, silver shortage conspiracy, silver stacker, silver stack, silver eagle coin sales, silver eagle mintage, silver eagle mintage numbers, how many silver eagles minted

#usmint #silver #silvercoins

[actualsurfer]

The obvious question is why they are not selling to the public as required by law.

Why are they selling to “authorized dealers” and not directly to us?

If they sold to the public direct then that would go a long way to bring down premiums.

[handicap]

I do not understand why nearly every silver youtuber is saying the same thing.
The Mint can't buy silver at spot. This is total BS. The law was put into place in 1986, so the U.S. Mint has bought silver at the world price since then, without interruption. How can that be? It is very simple, the only place in the U.S. to buy silver at spot, in quantity, is the Comex. Which is where the U.S. Mint bought the silver. There is NOTHING preventing the U.S. Mint from doing that today, NOTHING. If the U. S. Mint can't buy silver at spot, the mint could not produce ANY silver coins, but they do, the U.S. Mint produced 1 million silver eagles in June 2022.

The fact is, the mint outsourced it's planchet production to private industry, mostly Sunshine mint. Sunshine mint, I believe, is the largest producer of coin planchets in the world. Who do you think is producing the planchets for all the other coins from all the other private mints? Every major manufacturer or producer takes large volume, low margin contracts. These contracts pay for the machinery, keep the lights on and the employees on payroll. At the same time, that producer also takes higher margin work when available, simply more profit.

When the higher margin work increases, the producer takes smaller contracts for the low margin work, simple economics.
The reality is this, Sunshine mint is being paid more for planchets from other mints than the U.S. Mint. This is what happens when you do business with private industry, you are forced to exist in free market conditions. If you are limited by law, from paying the higher price, the results are simple, you don't get planchets. You only get what low margin work Sunshine can still produce on available machinery.


Where do you think Sunshine gets it's silver? At spot price from the Comex, where else could Sunshine source the 10's of millions of ounces it produces? This also makes sense in that it would comply with existing laws that pertain to the U.S. Mint. The silver was purchased at the world price.

The solution to the problem is simple, the U.S. Mint must start to produce their own planchets once again. Until then, or until the market changes, the U.S. Mint will not get an adequate number of planchets.

[JOkERBIDEN]

I’ve only purchased basic silver rounds…I don’t see the point in paying more for a different stamped picture on the same oz of material.

[HDDynalowrider]

Meanwhile coin shops want to pay you 20 to 24 bucks for your silver eagles at resale. Just say No to Silver Eagles. It stinks because i want to buy my nations coins.

[patriciaholland]

At my local LCS I bought 2014-2015 and 2018 Eagles at $ 26 and I felt like that was an excellent deal

[TheQuickSilver]

I just got back from the LCS about an hour ago. If you're looking for silver they had it. One ounce, five, ten, fifty and hundred ounce bars at a far more reasonable premium. There was also Eagles but unless something changes I suspect that a lot of new folks are just going to do what I did and avoid the eagles and buy other things. I can say that I have moved on from them. I'm glad I have what I do but I want, and will buy, no more until the supply and pricing gets better. Thanks!

[TtheSilverStacker]

Thanks for the deep dive on this topic. Awesome video!

[daveditchdigger]

Good assessment! I've paid higher and lower. Get what you can at lowest premiums, name of the game!

[cesarsanchez]

I believe they create a shortage to cash in. No other mint seems to have this issue.

[KennyG]

havent bought any ASE since 2019 ..I to cheap for those rip off prices . silver is silver

[isidfynch]

I love your channel! I have learned so much from you brother. Much appreciated!

[orsmagyari]

In Eastern Europe the price for these coins is around 40-45 USD.

[manuelgaetan]

The high premium is because the paper and physical silver prices have unofficially decoupled.

[HDDynalowrider]

Its true. The planchets can only be bought at a certain price over spot. The markup up comes from the mint dealers alone. The mints dealers pay 2 dollars over spot wholesale. Makes you wonder why they feel they need to put the screws to us so bad.

[steventogami]

Great video and content! You said it best at the beginning; at close to 100% price from current spot price, it is like a ‘numismatic’ coin. But, it is a common silver coin with millions minted, that only has a true value of spot silver. People buying AE at these premiums will never recoup their cost.

[danmckeever]

At the end of the day, The reason for the high premium is that the US Mint is NOT meeting public demand. On the other hand, there is Amark, which is making money on both sides of the process, both in supplying blanks and in distribution and selling to end users.

The portion of law that discusses market price is in "107th Congress Public Law 201: SUPPORT OF AMERICAN EAGLE SILVER BULLION PROGRAM ACT" section 3.a.1
The law never says the mint must procure silver blanks at spot, only that it must obtain silver for coins at average world price (with definition of average world price being the price determined by a widely recognized commodity exchange).

To me that can be interpreted to be that the manufacture of blanks by a third party could be considered part of the "minting" cost.

[dovanuvagis]

Interesting, I do want one of these silver eagles, but my reason doesn't allow me to because for the same price I can get any other 1 oz. silver coin + extra 1/4 oz. silver coin like Britannia.

[intractablemaskvpmGy]

I'm new to this so thanks for clearing this up about the Silver Eagles. SD Bullion is shipping me some lol... There has to be certain advantages to the SE's over bullion and why one would choose coins or bullion.

[jojohn]

not a chance i will ever pay that much over spot, they can keep 'em

[rlrowles]

Why is the 2022 US Silver proof set $105?? Crazy high price...