American Silver Eagle Bullion Coin
I just received a special offer from Apmex.com for a ‘weekend only’ sale of American Eagle gold and silver coins. The premiums are absurd. See for yourself:
- 2010 1 oz. Silver American Eagles – just $2.49 per ounce over spot
- 2009 1/10 oz. Gold American Eagles – just $14.95 per coin over spot
- 2009 1/4 oz. Gold American Eagles – just $24.95 per coin over spot
- 2009 1/2 oz. Gold American Eagles – just $34.95 per coin over spot
- 2010 1 oz. Gold American Eagles – just $49.95 per ounce over spot
Silver is trading at $17.39
With a markup of just $2.49 … 1 oz. American silver eagles are selling at a 14.31% premium to spot!!
Silver would have to reach $19.88 / oz. just to break even!!
I have to believe that demand for physical bullion is outrageous right now, especially for Apmex to go around and offer this as a sale price. Gold, on the other hand, is trading at $1135.40 With a $49.95 markup, you are looking at a 4.3% premium. This is definitely a better deal, although the spread is still a bit wide.
