Why Are Silver Bullions Priced Differently?

It seems that a lot of people really like the Silver Pandas, I've noticed.

I guess it's no coincidence that it's the highest price. It may be just demand for the particular designs?

I don't know.

The key is that you are talking about bullion coins.
They are often collected by date and issue quantity (availability).

The key words here are "coins" and "collected".
If you want to invest in silver forget about the bullion coins.
Go for silver bars and rounds.
With them you are under $20/oz.
And the larger the size the lower the relative markup is.

Justinokay - I agree with most of the comments here. Bullion coins all have associated premiums that are based on popularity. So they are treated more like "coins" than bullion. Part of this stems from the fact that most are sold by the mints with a premium attached. There are few collectors who intentionally buy things to sell for less on the secondary market.

There is a class of Bullion Ingots that are worth discussing. These are usually but not always treated as bullion. There are some ingots that derive a serious premium because the ingots themselves are treated as collectable. Shipwreck ingots are the most often seen and the value is partially historic, however, in a few cases there are recently made commercial ingots that always have big premiums. One example are the Pagani ingots. The come in round, square and rectangular in many different weights. There is only one on ebay right now:

http://www.ebay.com/itm/1-x-1-oz-PA...72586616874" target="_blank" rel="nofollow"> http://www.ebay.com/itm/1-x-1-oz-PA...172586616874



Rounds are much cheaper because almost no collectors get involved with them. However the downside risk is that there are more counterfeits in that market also. So be prepared to field test purchases. and remember not all fakes are magnetic.