Diamond News

Most precious metals investors expect to reap a profit on their gold and silver as a result of higher spot prices. 

But what if I told you that when selling certain types of coins, you could gain another layer of profit when you sell? A little leverage on the spot price when it rises.

It’s entirely possible. Here’s how…

I was speaking at a conference in Vancouver in 2011, a time you’ll recall when gold and silver prices were shooting higher. Part of my talk included how bullion investors can recoup some if not all of their original purchase premiums in a strong bull market. To prove it to myself, I took a tube of sovereign silver coins to a local bullion dealer and sold them – and was paid above spot. 

There were a couple of reasons for this.

One was due to the surge in demand at the time. Dealers needed product and offered to pay more to attract sellers.

The second reason is less obvious. It has to do mostly with sovereign mint coins, like Silver Eagles, and it just might answer the question we get a lot from new buyers: Why buy a sovereign coin when they are virtually always more expensive than privately minted rounds?

The Super Silver Secret

If you’ve been around the precious metals industry for any length of time, you’ve noticed that premiums — the amount above spot that you pay for a coin — on silver have risen. They just keep creeping up, especially with American Silver Eagles.

There’s a reason for that. The US Mint.

If you’re unaware, there are typically three fees involved in a bullion purchase....

  1. US Mint surcharge

Read more from our friends at Gold & Silver

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