[Mr. Jeeves]

A couple of days ago, APMEX had non-numismatic silver Eagles at around $7.00 over spot. Suddenly they have nothing but numismatics. Something is going on.

[cuban leaf]

Suddenly they have nothing but numismatics.

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I noticed that as well. It also caused me to take a closer look at some of my “fancy” coins. I see all of my coins as “melt value”. I may need to revise that thinking.

I got this stuff through my father’s death last year and trips to the safety deposit box are a hassle. But it means I don’t really know what it’s “really” worth beyond melt value. I almost dumped the 40% silver stuff in December because it weighs about 60 lbs and is a hassle to deal with. I’m kinda glad I kept it, now.

[zeugma]

A couple of days ago, APMEX had non-numismatic silver Eagles at around $7.00 over spot. Suddenly they have nothing but numismatics. Something is going on.

Same thing happened at the beginning of the pandemic. They apparently don't hold as much as I'd have thought. I was lucky and had some actually in transit when everyone started freaking out about toilet paper. What was really weird about it was the the spot price was dropping while demand supply literally dried up completely. I'm absolutely convinced there was something really weird going on in the metals markets at the time.