Dave in Maine

Premiums Paid for 100 Ounce Silver Bars

Great subject - I noticed this premium on eBay last week in my own research. Most all gold 1 oz uncirculated coins had a ~$250 and up premium over spot. Most silver 1 oz uncirculated coins were priced ~50% and up over spot. Bars weren't necessarily cheaper per oz!

I thought it was the "live.com" phenomena (up to $200 off a single item) plus eBay's October 10% coupon (up to $100 off a single item) skewing the pricing for the month.

I couldn't bring myself to handing an extra $250-$300 over spot to someone for the right to buy a gold coin (though I could pay the $300 with eBay/live funny money and not "real" money). I guess I should rethink this if spot X 1.35 and up is closer to physical pricing reality - I could still get one more coin for spot price while they are handing out the funny money.

Every little bit counts.