90% Silver Time to Shine (Save ~$10/oz RIGHT NOW🔥)
By SD Bullion
Key Concepts
- 90% Constitutional Silver: US silver coins (quarters and dimes) minted before 1965 containing 90% silver.
- Spot Price: The current market price for immediate delivery of a commodity (in this case, silver).
- Premium: The amount paid above the spot price for a silver product, covering fabrication, distribution, and dealer markup.
- Refining Capacity: The ability of facilities to process and purify raw materials like silver.
- Secondary Market: A market where previously issued securities or commodities are bought and sold (as opposed to directly from the mint).
- Sovereign Coins: Government-issued bullion coins (e.g., American Eagles, Canadian Maple Leafs).
The Current Opportunity in 90% Constitutional Silver
The discussion centers on the current advantageous position of 90% US constitutional silver (pre-1965 quarters and dimes) within the precious metals market. The speakers highlight a unique situation where this form of silver is currently undervalued and readily available, despite broader issues in the silver market. This is largely due to refining capacity constraints and the development of a robust secondary market for “junk silver.”
Price Discrepancy and Potential Savings
A key point is the significant price difference between 90% constitutional silver and other forms of silver bullion. Currently, buyers can save approximately $10 per ounce on 90% silver, representing a roughly 15% discount compared to other silver products. This discount is particularly notable given the current premiums being charged on silver rounds – approximately $6-$8 over spot – while 90% silver is trading $1 under spot on the discussed website.
Refining Constraints and the Secondary Market
The speakers acknowledge the widely reported issue of refiners temporarily halting the acceptance of silver for refining. This is attributed to a broader problem of limited refining capacity. However, they emphasize that 90% constitutional silver operates within its own independent secondary market, largely unaffected by these refining bottlenecks. This market is driven by supply and demand, and historically, 90% silver often trades at or even above the price of silver rounds.
Historical Context and Premium Behavior
The discussion references 30 years of data on 90% silver’s supply, demand, and premium behavior. While acknowledging that premiums fluctuate with market conditions (ups and downs), the current market represents a “down market” from a premium perspective. This means the premium paid above spot is relatively low, making it an attractive entry point for buyers.
Trade-off: Speed of Delivery vs. Premium
A crucial consideration highlighted is the trade-off between immediate availability and premium costs. Sovereign coins currently face significant delays (estimated at six weeks) and high premiums (around 15%). In contrast, 90% silver offers immediate shipment with a discount. As stated by one speaker, “I can wait six weeks for a sovereign coin and they’re going to charge me, you know, to get that coin. I’m going to have to put the money down and I’m going to have to pay a 15% premium or I can get it shipped tomorrow if I pay and uh I’ll take my discount. Thank you very much.”
Finite Supply and Barter Potential
The speakers also point to the finite supply of 90% constitutional silver, as the US Mint ceased production of these coins in 1965. This scarcity, combined with its tradability, makes it a potentially valuable asset in a barter situation. One speaker stated, “It has a story. There’s finite supply. It’s tradable in the event that you ever want it for a barter situation.”
Actionable Insight & Conclusion
The core takeaway is that 90% constitutional silver currently presents a compelling buying opportunity due to its discounted price, immediate availability, and inherent value as a tangible asset. While refining issues impact the broader silver market, the independent secondary market for 90% silver allows it to thrive, offering a potentially advantageous trade for investors willing to consider this often-overlooked form of silver. The speakers strongly suggest that, given current conditions, they would readily purchase 90% silver if presented with the funds to do so.
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