On the facebook over recent times there's been thoughts on silver being treated as a critical metal with an imposed US Gov't floor price.
The blah blah seems to have settled on $268 an ounce floor price.
If that blah blah becomes reality, then at this week's 250th .999 Silver Proof Set for $245 with1.47 ounces could be an investment as it contains possibly $400 in precious metal.
I thought I'd cash out of most of my silver if it ever got back to $50. I missed the $116 top. Instead, I added some items I've really desired at around various melt money last few months.
Yah yah, I know "why haven't I bumped the 6 back to 10?"
Looks like I'll have a few more hours to think about it.
Plus abundant silver allows me to pick & chose at or near spot:
Much better deal than Mint marked up 250th metal. Silver dropped below $70 last week.
@Mr Lindy said:
On the facebook over recent times there's been thoughts on silver being treated as a critical metal with an imposed US Gov't floor price.
The blah blah seems to have settled on $268 an ounce floor price.
If that blah blah becomes reality, then at this week's 250th .999 Silver Proof Set for $245 with1.47 ounces could be an investment as it contains possibly $400 in precious metal.
I thought I'd cash out of most of my silver if it ever got back to $50. I missed the $116 top. Instead, I added some items I've really desired at around various melt money last few months.
Yah yah, I know "why haven't I bumped the 6 back to 10?"
Looks like I'll have a few more hours to think about it.
Plus abundant silver allows me to pick & chose at or near spot:
Much better deal than Mint marked up 250th metal. Silver dropped below $70 last week.
Why would a critical metal have a FLOOR rather than a CEILING?
All comments reflect the opinion of the author, even when irrefutably accurate.
If that blah blah becomes reality, then at this week's 250th .999 Silver Proof Set for $245 with1.47 ounces could be an investment as it contains possibly $400 in precious metal.
At a spot price anywhere near $268, the set is going to sell for melt or a much lower premium vs. the issue price.
Financially, anyone would be better off buying any other form of silver with a much lower premium.
If that blah blah becomes reality, then at this week's 250th .999 Silver Proof Set for $245 with1.47 ounces could be an investment as it contains possibly $400 in precious metal.
At a spot price anywhere near $268, the set is going to sell for melt or a much lower premium vs. the issue price.
Financially, anyone would be better off buying any other form of silver with a much lower premium.
Yeah. People say this about the gold coins also. I don't get it. You want bullion, but bullion. You want a pretty coin, just buy it. People who buy art don't start by calculating the value of the canvas
All comments reflect the opinion of the author, even when irrefutably accurate.
@jmlanzaf I’m in complete agreement. People want to pay bullion spot prices for their coin purchases regardless of proof, rarity, or design. If you like bullion stacking then that’s what you need to do. If you are looking at a limited mintage item (or proof, enhanced, etc) then you need to be prepared to pay more.
If spot prices continue to rise then it’s going to be challenging to decide the value of many numismatic coins. I have a box of proof ASE’s that have little or no premium value over basic bullion.
Now, when it comes time to sell that’s a different story-everything is, rare, special, and one of a kind……….
P.S. my Visa just got charged for the silver proof set - can’t wait to see the special issue coins in proof silver.
@Mr Lindy said:
My card got hit too full amount plus $20.95 overnight flight.
My Mint account on this item page says STATUS "ON AL HOLD" Any clue what that means ?
"ON AL HOLD" typically means your order is being manually reviewed. This frequently happens with U.S. Mint purchases when they check for things like duplicate orders, address verification, or potential banking issues.
I thought I'd cash out of most of my silver if it ever got back to $50. I missed the $116 top. Instead, I added some items I've really desired at around various melt money last few months.
. . . .
I trade silver among other commodities, it will be volatile for a while longer and I beleive ultimately get down close to $50, that will be the buying opportunity of a generation, as it should exceed $150 within a year to 18 months after that low washes out all the weak hands.
The price could go even higher if the new Fed uses the post WW2 playbook and lets inflation run a little high to devalue the massive debt, then who knows the upper limit. But it is a critical metal that is in short supply already. I am also actively positioning in copper, which will double its all time high within a year due to the massive AI buildout. The AI players have seen their best days for a while, but the data centers need huge amounts of copper to make it all work. Good luck.
@RAWcoin said:
153,300 sold so far.
Another 86,000 available Thursday
Was that the delayed report from last week, or have they posted this week's report and that number is from that one? There may be hope yet that they stick to posted limits on this set.
@RAWcoin said:
153,300 sold so far.
Another 86,000 available Thursday
Was that the delayed report from last week, or have they posted this week's report and that number is from that one? There may be hope yet that they stick to posted limits on this set.
The delayed report showed about 13,800 sold thru May 31.
Guess that’s the advance 5% premium sales (about 10% of the initial 151k mintage)
@RAWcoin said:
153,300 sold so far.
Another 86,000 available Thursday
Was that the delayed report from last week, or have they posted this week's report and that number is from that one? There may be hope yet that they stick to posted limits on this set.
The delayed report showed about 13,800 sold thru May 31.
Guess that’s the advance 5% premium sales (about 10% of the initial 151k mintage)
Unless they do the "back-order" thing with this set, it looks like they'll ship less than what I originally thought. There may be some hope for this set to hold a little value after all.
I wonder if they will manufacture & package items up to the stated ats today even if it takes 3 years or less to sell items. They've done well with selling 2023 Morgan & Peace silver now as opposed to 3 years ago.
I wonder if they will manufacture & package items up to the stated ats today even if it takes 3 years or less to sell items. They've done well with selling 2023 Morgan & Peace silver now as opposed to 3 years ago.
They're still selling 2021 sets—nobody wants fewer coins for the same bonkers prices!
Comments
On the facebook over recent times there's been thoughts on silver being treated as a critical metal with an imposed US Gov't floor price.
The blah blah seems to have settled on $268 an ounce floor price.
If that blah blah becomes reality, then at this week's 250th .999 Silver Proof Set for $245 with1.47 ounces could be an investment as it contains possibly $400 in precious metal.
I thought I'd cash out of most of my silver if it ever got back to $50. I missed the $116 top. Instead, I added some items I've really desired at around various melt money last few months.
Yah yah, I know "why haven't I bumped the 6 back to 10?"
Looks like I'll have a few more hours to think about it.
Plus abundant silver allows me to pick & chose at or near spot:
Much better deal than Mint marked up 250th metal. Silver dropped below $70 last week.
Why would a critical metal have a FLOOR rather than a CEILING?
All comments reflect the opinion of the author, even when irrefutably accurate.
At a spot price anywhere near $268, the set is going to sell for melt or a much lower premium vs. the issue price.
Financially, anyone would be better off buying any other form of silver with a much lower premium.
Yeah. People say this about the gold coins also. I don't get it. You want bullion, but bullion. You want a pretty coin, just buy it. People who buy art don't start by calculating the value of the canvas
All comments reflect the opinion of the author, even when irrefutably accurate.
@jmlanzaf I’m in complete agreement. People want to pay bullion spot prices for their coin purchases regardless of proof, rarity, or design. If you like bullion stacking then that’s what you need to do. If you are looking at a limited mintage item (or proof, enhanced, etc) then you need to be prepared to pay more.
If spot prices continue to rise then it’s going to be challenging to decide the value of many numismatic coins. I have a box of proof ASE’s that have little or no premium value over basic bullion.
Now, when it comes time to sell that’s a different story-everything is, rare, special, and one of a kind……….
P.S. my Visa just got charged for the silver proof set - can’t wait to see the special issue coins in proof silver.
My card got hit too full amount plus $20.95 overnight flight.
My Mint account on this item page says STATUS "ON AL HOLD" Any clue what that means ?
"ON AL HOLD" typically means your order is being manually reviewed. This frequently happens with U.S. Mint purchases when they check for things like duplicate orders, address verification, or potential banking issues.
Status now "Subscription processing"
Never seen an ON AL HOLD, but I did move the desired quantity a bit over last few days.
Happy these goodies are on a usual path this morning & excited get the new designs in hand !
85,505 is the new ATS this morning.
And is still 85,505 this evening.
Rest well, Comrades.
What a deal for what is right now $100 spot value silver.
How about some kind of value added bonus?
. . . .
I trade silver among other commodities, it will be volatile for a while longer and I beleive ultimately get down close to $50, that will be the buying opportunity of a generation, as it should exceed $150 within a year to 18 months after that low washes out all the weak hands.
The price could go even higher if the new Fed uses the post WW2 playbook and lets inflation run a little high to devalue the massive debt, then who knows the upper limit. But it is a critical metal that is in short supply already. I am also actively positioning in copper, which will double its all time high within a year due to the massive AI buildout. The AI players have seen their best days for a while, but the data centers need huge amounts of copper to make it all work. Good luck.
153,300 sold so far.
Another 86,000 available Thursday
Was that the delayed report from last week, or have they posted this week's report and that number is from that one? There may be hope yet that they stick to posted limits on this set.
The delayed report showed about 13,800 sold thru May 31.
Guess that’s the advance 5% premium sales (about 10% of the initial 151k mintage)
Unless they do the "back-order" thing with this set, it looks like they'll ship less than what I originally thought. There may be some hope for this set to hold a little value after all.
I noticed a while back there are several items still available from "2023"
https://www.usmint.gov/product-schedule/2023/?start=0&sz=18
I wonder if they will manufacture & package items up to the stated ats today even if it takes 3 years or less to sell items. They've done well with selling 2023 Morgan & Peace silver now as opposed to 3 years ago.
They're still selling 2021 sets—nobody wants fewer coins for the same bonkers prices!
Paper Silver dipped below $64 overnight, back up below $67 plus $15 times 500 times 3 cash price for 1,500 ounces:
https://www.jmbullion.com/2026-1-oz-american-silver-eagle-monster-box-500-coins/
ats up ~1,000 since Monday
ats: 86,543