United States Mint 2020 Price Increases are Starting...
cagcrisp
Posts: 1,057 ✭✭✭✭✭
There were 30 price Increases from the United States Mint in 2018 and 16 price Increases in 2019. We have our First 2 price Increases for 2020.
American Eagle 2020 One Ounce Silver Proof Coin will be $64.50 Up 15.3% from 2019 ($55.95)
National Park of American Samoa 2020 Uncirculated Five Ounce Silver Coin will be $178.25 Up 15.0% from 2019 ($154.95)
Lower and Lower Mintages, Higher and Higher Prices, More and More Gimmicks, and Fewer and Fewer Customers…
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Comments
With the exception of common ASE's I have no interest in any of the modern stuff, so no big deal from my POV.
I would say if it’s not for my grand baby I would not really care. But then when I review my total purchases for last year I spent way more than I normally would. I guess the mint did a good marketing job with some of their products.
Will I continue? Right now I say no but in reality time will tell. The Apollo 11, Rocket Man, 5 Oz puck ect and all the other good marketing strategies , sucked me right in.
Where's the melt bucket?
I have not done the calculations.
Is this due to increasing the Ag content to 99.9?
They make the money worth less by charging more. As to the hobby ... it was always more costly than face or melt value.
No, the coins mentioned have always been 0.999.
Also, a 0.999 blank at today's prices has less than $2 more silver than a 0 9 blank
"Is this due to increasing the Ag content to 99.9?"
No
Other than the currency sets…
I Think Every Item with a price listed on the 2020 Mint Schedule has gone Up in price compared to 2019…
We had a Total of 16 price Increases in CY2019
As of Today, we have 18 price Increases for CY2020
2020 Birth Set $23.00 Up $3.50 or 15.3%
2020 Happy Birthday Coin Set $23.00 Up $3.50 or 15.3%
2020 American Eagle One Ounce Silver Proof Coin $64.50 Up $8.55 or 15.3%
American Innovation 2019 $1 Reverse Proof Coin $11.50 Up $1.55 or 15.6%
2020 Congratulations Set $65.50 Up $8.55 or 15.0%
2020 America the Beautiful Quarters Proof Set $18.50 Up $2.55 or 16.0%
2020 National Park of American Samoa 2020 Rolls and Bags 100 coin bags $36.75 Up $1.80 or 5.2%
2020 National Park of American Samoa 2020 2-roll set (P,D) $34.50 Up $1.55 or 4.7%
2020 National Park of American Samoa 2020 40-coin roll (S) $19.75 Up $0.80 or 4.2%
2020 National Park of American Samoa 2020 3-roll set(P,D,S) $49.25 Up $2.30 or 4.9%
2020 National Park of American Samoa 2020 Uncirculated Five Ounce Silver Coin $178.25 Up $23.30 or 15.0%
2020 Native American $1 Coin 2020 25-coin roll $34.50 Up $1.55 or 4.7%
2020 Native American $1 Coin 2020 250-coin box $289.75 Up $13.80 or 5.0%
2020 Native American $1 Coin 2020 100-coin bag $117.50 Up $5.55 or 5.0%
2020 National Park of American Samoa 2020 Quarter 3-Coin Set $11.50 Up $1.55 or 15.6%
2020 America the Beautiful Quarters Silver Proof Set $42.50 Up $5.50 or 15.0%
2020 Andrew Jackson Presidential Silver Medal $46.00 Up $6.05 or 15.1%
2020 Proof Set $32.00 Up $4.05 or 14.5%
I finally got to see one of those 5 ounce Apollo pucks in person. They are just awesome coins. so much of my collecting is just for the sheer joy of owning coins. Even non-collectors think the Apollo coin is neat!
I guess this will help pay for the "free shipping" that regular customers are given.
1) the Apollo puck is a great looking coin....
2) the price increase on the P pucks is just lame....guess there will be more "keys" created by price
Just received an email that I have just qualified for free shipping for this year (2020). Haven’t bought anything, yet.
But the free shipping is not that great... though Fedex is supposed to go to free weekend deliveries.
Got the same email. Apparently this happened last year for some people as well
Same email here also.
Yep. I got the email too.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
At some point, the US Mint is going to price out a disproportionate percentage of it's collector base. $64.50 for a proof ASE is expensive and so is $32 for a clad proof set just to name a few.
Agreed
According to the BLS inflation calculator, $32 currently has the same buying power as $5.06 in 1971, when a five-coin clad proof set cost $5. How many coins will be in the 2020 set?
I'd say the 1971 proof set was overpriced. I understand your point but consider both examples I gave to be very poor values at the current retail price. It's cheap for most members of this forum if they want either but buying both probably accounts for at least 20% of the typical US collector's annual numismatic budget.
There are many other coins that are much better values, especially from non-US coinage. The proof set is a guaranteed money loser going by the history of prior sets. The proof ASE, don't know but seems expensive to me for such a common coin.
Psych!!
Dear Valued Customer,
On January 1, we sent you an email regarding the United States Mint Loyalty Program. This email was sent in error and we apologize for any confusion it may have caused.
The qualifications for the Loyalty Program reset at the beginning of each calendar year. As a registered user who has subscribed to our Product & Promotion email updates, you have met the first two requirements for participation in this program. Once your first three orders in this calendar year have shipped, you will again qualify for free shipping for the remainder of the year.
For additional questions or concerns, please see our FAQs or call our Customer Care Center at 1–800–USA–MINT (872–6468).
Thank you for being a loyal United States Mint customer.
Yea, $64.50 is getting a little ridiculous!
My Original Song Written to my late wife-"Plus other original music by me"
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Yes I can’t believe the Mint charged me $66 for that 2019 reverse proof silver silver eagle that I had to sell for many multiples of that original price.
Not the coin I was referencing. I assume the $64.50 is for the "regular" proof.;
Yes. The $64.50 is for the “regular” proof...
Ahh, Quotes from true collectors!
My Original Song Written to my late wife-"Plus other original music by me"
https://youtube.com/playlist?list=PL8A11CC8CC6093D80
https://n1m.com/bobbysmith1
Unfortunately the value in the proof sets is breaking them apart and selling the coins individually.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
@cagcrisp
What’s your projection for $ increase for the silver and unc sets?
My Guess on the 2020 Silver Proof Set is $63.50. $ Increase would be $8.55.
My Guess on the 2020 Uncirculated Coin Set is $25.25. $ Increase would be $3.30...
Well... If a collector wants the coins, he/she will pay the price..... or wait a couple years to get individual coins on the market from broken sets...I will buy this years sets for the W nickel... Just want to complete my W series of coins...Cheers, RickO
This is one price increase that will have ZERO impact on me!
Thanks!
I’m making an estimated outlay of expenses for the West Point nickels.
https://forums.collectors.com/discussion/1031504/west-point-2020-privy-marks-on-atb-quarters-to-commemorate-the-75th-anniversary-of-the-end-of-wwii
+1
It will interesting to see if total sales increase or fall with this...Overhead maybe less on fewer units.
Well, just Love coins, period.
New Pricing has just been announced for the Platinum Proof coins ( I assume Gold and Palladium will be Following when the time comes)
New Pricing UP $175.00 PER OUNCE over current matrix pricing…
$950.00 to $999.99 range went from $1,370.00 to $1,545.00…
I was a voracious purchaser of most all things USMint....until a few years back. They (a) priced me out, (b) kept being screwy with their 'limited' items and the website problems, (c) would cancel things midway through (SHQs and stamps, etc), and (d) made way too many variations of things like the ASEs. Sorry, but I wanted to be complete and, once they made so many in a year that being complete was way too expensive for what it was (1oz silver, same design just different MM or finish or packaging), they drove me away.
I think I went from, stupidly, spending $1000+/yr, as a collector (more in the times I bought certain things to flip...some years, upwards of $5000+), to <$100/yr now. Not sure if I even bought anything last year. Didn't buy the proof ASE (let that drop about 1-2 years ago), didn't buy mint sets (let those drop a couple of years ago), didn't buy either type of proof sets (about 2 years ago was last time as well), etc.
Of course, what will happen is that they will chase away the majority of collectors of normal means and then, the sales figures/mintages will plummet, people will freak and want in, and people will buy up the following year expecting a big return.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Just announced pricing for Silver and Clad (I anticipate MUCH higher pricing for the Gold next week ) for the 2020
Basketball HOF coins:
2020 Basketball HOF Silver Proof Introductory $69.00 +$14.05 or 25.6% from Apollo 11 Launch Silver Proof
2020 Basketball HOF Silver Uncirculated Introductory $64.00 +$12.05 or 23.2% from Apollo 11 Launch Silver Uncirculated
2020 Basketball HOF Clad Proof Introductory $39.00 +$11.05 or 39.5% from Apollo 11 Launch Clad Proof
2020 Basketball HOF Clad Uncirculated Introductory $37.00 +$11.05 or 42.6% from Apollo 11 Launch Clad Uncirculated
2020 Basketball HOF Kids Set $45.00 (No Introductory pricing)...
$15 silver = $70 per ounce at the mint. That's reason to run: the other way
How much have things Changed in 6 years for Clad commemoratives?
Baseball Hall of Fame Clad coins vs. Basketball Hall of Fame Clad coins
2014 Baseball Clad Proof = $19.95
2020 Basketball Clad Proof = $39.00 or +95.5%
2014 Baseball Clad Uncirculated = $18.95
2020 Basketball Clad Proof = $37.00 or +95.3%
2020 Silver Proof Set $63.25 Up $8.30 or 15.1%
Here is the NEW Grid Pricing for Gold and Palladium that will go into effect March 18, 2020...
American Eagle Gold Proof 1oz. UP $297.50
American Eagle Gold Proof ½ oz. UP $150.00
American Eagle Gold Proof ¼ oz. UP $75.00
American Eagle Gold Proof 1/10 oz. UP $32.50
American Eagle Gold Proof 4 coin set UP $562.50
American Eagle Gold Uncirculated UP $300.00
American Buffalo 24K Gold Proof UP $305.00
American Eagle Palladium Reverse Proof UP $262.50
American Liberty 24K Gold 1oz. UP $300.00
American Liberty 24K Gold 1/10 oz. UP $35.00
Commemorative Gold Proof UP $115.50
Commemorative Gold Uncirculated UP $115.50
With metal prices down, this should make for a slow sales year for the mint. I would say low mintage potential, but they will be selling these for the next 2+ years so probably not .
Absolutely outrageous prices on the clad halves. Are they really serious, and did they even think about what this means to the young collector?
Well, just Love coins, period.
The Mint’s New Pricing Grid is in place…
Before Yesterday:
This Afternoons 1 oz. American Gold Eagle Proof would have been $1, 877.50 (Down $150.00 from Current Mint price).
This Afternoon:
1 oz. American Gold Eagle Proof will be $2,175.00 (Up $147.50 from Current Mint price).
Before Yesterday:
This Afternoons 1 oz. 2019 Reverse Proof Palladium would have been $2,187.50 (Down $700.00 from Current Mint price).
This Afternoon:
1 oz. 2019 Reverse Proof Palladium will be $2,450.00 (Down $437.50 from Current Mint price).
We the sheeple.
Got a New Federal Register pricing for Mint Products. Some have Previously been Announced. This is the New items that I see:
2020 American Innovation 4 coin proof set UP $3.05 or 14.6% to $24.00
2020 Native American $1 Coin & Currency Set UP $18.55 or 116.3% to $34.50
2020 United States Mint Limited Edition Silver Proof Set TM UP $20.05 or 13.4% to $170.00
2020 United States Mint ATB Quarters Uncirculated Set TM UP $2.05 or 14.7% to $16.00
2020 United States Mint ATB Quarters Circulating Set TM UP $1.05 or 11.7% to $10.00
2020 United States Mint Kennedy Half-Dollar 200-Coin Bag UP $7.05 or 5.0% to $147.00
2020 United States Mint Kennedy Half-Dollar Two-Roll Set UP $1.55 or 4.7% to $34.50
2020 United States Mint Uncirculated Coin Set® UP $3.30 or 15.0% to $25.25
End of WWII 75th Anniversary Silver Medal NO PRICE INCREASE (FROM MADISON) to $46.00
End of WWII 75th Anniversary Bronze Medal NO PRICE INCREASE to $6.95
2020 American Eagle One Ounce Silver Uncirculated Coin UP $7.05 or 15.0% to $54.00
2020 American Eagle One Ounce Silver Uncirculated Coin-Bulk Pack UP $282.00 or 15.0% to $2,160.00
2020 United States Mint Coin Roll Collector Box NEW ITEM $16.50
“American Eagle Gold Proof 1oz. UP $297.50”
Backdated Proof gold (and proof Buffalo gold for that matter) sells by the oz at about $100 or so over spot. Give or take. The Mint had been selling it for $300-$400 over spot for the past so many years. Now, it is $600-$700++ an Oz. Over spot. How can I produce any slabbed coins? Will collectors pay $700++ over spot for a 69 grade coin? Will they even pay this for a 70 grade coin? At over $2400 asking price from the mint, plus grading fees, a slabbed coin needs to start at about $2500 (in any grade) to break even. This, as compared to around $1,900 or so last year. I guess I’ll watch from the sidelines.
Just my 2 cents.
Wondercoin.
2020 Women's Suffrage Proof Silver Dollar and Medal Set $120.00
2020 Basketball HOF Colorized Silver Dollar $95.00
2020 Basketball HOF Colorized Clad Half Dollar $55.00
Currently LBMA Gold is between $2,050.00 and $2,099.99
IF LBMA Gold stays in the same range:
2020 First Spouse Gold Proof coin will be $1,410.00
2020 First Spouse Gold Uncirculated coin will be $1,390.00
2020 End of WWII 75th Anniversary 22K Gold coin will be $2,750.00*
2020 End of WWII 75th Anniversary 24K Gold coin will be $1,410.00**
*End of WWII 75th Anniversary 1 oz. Gold coin will be 22K
**End of WWII 75th Anniversary ½ oz. Gold coin will be 24K
The prices on clad halves are so crazy that you can’t even flip them. I think it won’t even matter if they only make 8000 of them.
Yep. I was going to buy a couple till i saw that price....
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
If anything, the US Mint should temporarily REDUCE the price of ATB Quarter bags and rolls. Because of the coin shortage and issues with banks in my area because of COVID, I've been ordering S mint 2019 ATB Quarter bags to fulfill my need for Quarters to spend. I'm sure there must be others out there who must be contemplating getting bags of Quarters for the US Mint to use in their business or for the laundry.