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Premiums on U.S. Mint Silver Coins Drop From 4-Year High

May 30, 2013 in Coins, Collecting, Investing, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

By Debarati Roy – May 29, 2013 (http://www.bloomberg.com)

Premiums on American Eagle silver coins sold by the U.S. Mint dropped in May from a four-year high, signaling waning demand.

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.

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