I don't understand at all, why are people willing to pay such premiums for silver. Now I'm going just by the prior post of 11-12 BTC @ a silver spot of $35 (splitting the price from Wed-Friday for an avg). If BTC are at $4.5, 11 BTC would be $49.50 for $35 in silver. Most any coin store will sell Morgans at spot plus putting Morgans at $27-$30 this week depending on silver price that day.

Is this just a BTC markup, people really seeing silver doubling, having that pure silver round vs. a Morgan or what is making people pay that much over spot?

Don't get me wrong more power to the seller. I am just wondering what the buyers thinking is. I seem Morgans on eBay going for prices that would put silver at near $70, a doubling from today's prices when you can go to any local store and get a Morgan for less than half that.