Since the precious metals sell-off that began a week ago, there have been many stories about gold and silver coin shortages and, since most of them are anecdotal, they are sometimes hard to believe. But, what’s not hard to believe is when big coin dealers have to post “Sold Out” instead of a selling price as reported in this story at Kitco.
I just checked at California Numismatic Investments, a coin dealer that I’ve had a long relationship with over the years, and here’s what their website currently shows:
Also, anyone wanting to sell CNI their silver would get 30 cents more per ounce (relative to spot) than before. For a few years now, their buy discount was 70 cents, but, now it’s 40 cents and this will likely turn to a premium if recent trends continue.