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Bloomberg reported that premiums for American Eagle silver coins sold by the U.S. mint fell in May down from a four-year high, a sign of softening demand.
Bloomberg reported that premiums for American Eagle silver coins sold by the U.S. mint fell in May down from a four-year high, a sign of softening demand.
As quoted in the market report:
The premium charged by wholesale dealers fell to 13 percent from 25 percent in April, Richard Nachbar, a coin dealer based in Williamsville, New York, said today in a telephone interview. The premium rose as high as 55 percent in the two months ended November 2008, he said. Dimes, quarters and half-dollars dated before 1965, which are 90 percent silver, traded at a premium of 17 percent in April after usually selling at a discount, he said.