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Silver Premium Watch


HighlandTiger

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People have been discussing how low coin prices can drop, and how much the dealers premiums are going to increase if silver continues to fall. So I thought it might be an idea to keep an eye on the premium percentages.

 

So every night, at this time, when there is the lull between different world markets, (if I remember) I will put on this thread the premium percentages of STG's two most popular coins, their cheapest priced Phillies and Maples.

 

So here goes. We should be able to gauge when the bottom of coin prices is being reached by keeping an eye on these premium percentages. Blue indicates a rise from the previous day. Red indicates a fall from the previous day. My apologies to those viewing on tapatalk, as it is hard to view the table. So it is best to view this thread on your PC or Laptop. 

 

                                  Philly Watch                                                                                  Maple Watch

Date            Spot Price   STG Price   Premium   Premium %          Date          Spot Price   STG Price   Premium   Premium %    

05/11/14         £9.61         £11.95         £2.34        24.35%              05/11/14         £9.61         £12.02         £2.41        25.08% 

06/11/14         £9.75         £12.11         £2.36        24.21%              06/11/14         £9.75         £12.18         £2.43        24.92% 

07/11/14         £9.94         £12.33         £2.39        24.04%              07/11/14         £9.94         £12.41         £2.47        24.85%
10/11/14         £9.86         £12.21         £2.35        23.83%              10/11/14         £9.86         £12.29         £2.43        24.65%
11/11/14         £9.86         £12.23         £2.37        24.04%              11/11/14         £9.86         £12.30         £2.44        24.74%
12/11/14         £9.95         £11.87         £1.92        19.30%              12/11/14         £9.95         £12.02         £2.07        20.80%
13/11/14         £9.98         £11.90         £1.92        19.24%              13/11/14         £9.98         £12.06         £2.08        20.84%
14/11/14       £10.41         £12.83         £2.42        23.25%              14/11/14       £10.41         £12.52         £2.11        20.27%
17/11/14       £10.33         £12.75         £2.42        23.43%              17/11/14       £10.33         £12.99         £2.66        25.75%
18/11/14       £10.36         £12.96         £2.60        25.10%              18/11/14       £10.36         £13.04         £2.68        25.87%
19/11/14       £10.31          O / S           £0.00        00.00%              19/11/14       £10.31         £12.99         £2.68        25.99%
20/11/14       £10.36         £13.14         £2.78        26.83%              20/11/14       £10.36         £13.02         £2.66        25.68%
21/11/14       £10.50         £13.26         £2.76        26.29%              21/11/14       £10.50         £13.15         £2.65        25.24%
 
 
Updated 21/11/14
 
 
 
 
 
 
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nice idea HT :) thanks

without a calculator and the maths, when you put spot next to STG prices you realise still what a fairly big % your paying over spot.

 

Nothing bad to say against STG but based on basic maths its still 25% approx...eeekkkk

Factor VAT into a UK purchase and % goes up massively again.

 

More arguments to go over to silver's more expensive golden cousin :)

 

3% over spot (+delivery) come rain, sleet or shine at HGM for any gold.  guaranteed buy back at 99% of spot.  4% is a lot less risky for those not wanting to handle the ups and down of silver

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Great info HT, nice one.  I'm just thinking that this is quickly going to span numerous pages and while it's useful info it's going to be a ballache having to scroll through each individual post to gauge the % change.  I think you'd do your idea justice by adding this data to a simple Excel table which can display on a graph the date on the x axis, spot price in £ on on of the y axis and then on the other y axis the % premium?  A detailed prototype of what I'm talking about can be seen below:

 

post-166-0-06197500-1415314257_thumb.png

 
 
 
If I could do it myself and send you the template file I would be it took me 10 minutes to see how to change the colour of the lines on Paint!

 

 

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this would make a great app HT, it could be done for every country and sponsored by bullion dealers, a lot of work but I think would do well, how cool would it be if someone had started it 10 years ago and we could search a certain date to see what we would've been paying. Everytime a coin's released I wonder what the price/premium was the year before. 

 

Anyway here's some others that I personally would like to look back on.

 

Date. 8th November 2014

 

Spot Price. £9.94  or $15.78

 

Silver to Go prices.

 

Perth Mint Lunar.    £17.52 = 76.25% premium

 

Chinese Panda.      £15.15 = 52.41% premium

 

Britannia.                 £13.71 = 37.92% premium

 

Royal Mint Lunar.   £13.73 = 38.12% premium  

 

 

 

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26%! Outrageous.

 

Thats what you get for wanting to be the first to get the 2015's. I've only been in the PM game for less than a year, but even I can see that dealers chuck a little extra premium onto new issues. 

 

You then have a choice, do you wait until premiums settle down in say 6 months time. running the risk of spot prices rising, or do you buy now and let the dealers squeeze a little extra out of you.

 

But then you also have to remember that STG is still by far one of the cheapest places for us in the UK to buy silver, so whilst we might think their premiums might be a little "unfair", just think how much the other more expensive dealers are raking in......

 

It's a conundrum, that's for sure....... :unsure:

 

What it has done, is opened my eyes to the bargains of when they do the mixed years. After all in 15 years time does it matter if I bought my 2015 Maples in 2015 at a higher premium of 26% or if I got my 2015's in a cheap mixed year order in 2018 at 19%.

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