The Phaserl


The Elephant Wearing a Silver Necklace

by Dr. Jeffrey Lewis, Silver-coin-investor:

It’s no secret that demand for the U.S. Mint silver eagles coin has been unprecedented. It is a walk back through memory lane following the 1986 confirmation

of the growing (exponential) popularity of the legal tender coin program.

Many are left these days scratching their heads about who is buying all these coins. Retail demand seems soft at best, with stable coin premiums relative to times of relative shortage.

Speculation has ranged from steady domestic demand to JPM Morgan or some other large entity quietly or surreptitiously stockpiling silver eagles.

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