US Mint silver reprice email
cheezhed
Posts: 6,298 ✭✭✭✭✭
Dear Valued Customer,
To maintain transparency and a positive customer experience, we are reaching out to share an important update.
Due to metals cost, pricing adjustments are being evaluated across all numismatic products. In addition, rapidly rising silver prices may result in silver numismatic products being temporarily removed from sale while pricing is updated.
We are working expeditiously to update pricing in order to maintain product availability. However, we wanted to communicate in advance in case you notice changes on the United States Mint website.
Once pricing has been updated, we will notify you. For the most current product pricing and availability information, please visit our product schedule at: https://www.usmint.gov/product-schedule/
Please note: Subscriptions are subject to pricing adjustments. Please review your active subscriptions and payment methods as needed.
Thank you for your continued support of the United States Mint and its products.
Comments
The coins were already manufactured and all cost incurred. They are only raising prices because of the excuse of higher metal prices now to gain a larger profit. This type of activity and reasoning for price increases is the real reason for the high inflation after covid. I was a controller for a major parts manufacturing company who was already making great profits, however the excuse of "supply issues" made perfect cover to increase prices. The motto at that time between us and hundreds of other companies that used our parts in almost every major purchase you made was. " now is the perfect time to raise prices" Not only that but $500 Billion ripped off from the Pay Check Protection Program, gave enormous profits which the owners spent like drunken sailors further increasing inflation. Don't believe any of the high inflation was politically caused. It was almost entirely caused by thousands of greedy companies and their rich owners.
God bless America. Land of the free and home of the Capitalists.
Sigh...
Why would they not raise prices if bullion almost tripled? The value of inventory is based on the price at market not the cost of manufacturing. Not to mention the cost of replacing inventory is higher than the current price.
All comments reflect the opinion of the author, even when irrefutably accurate.
@jmlanzaf said:
Why would they not raise prices if bullion almost tripled? The value of inventory is based on the price at market not the cost of manufacturing. Not to mention the cost of replacing inventory is higher than the current price.
They are not replacing inventory of old coins only selling what has already been produced. New issues are a different story. Also your definition of greed is exactly what caused almost all of the inflation of the last five years.
I just ordered a bunch of ASEs. With a few more moves (or a crash), maybe these will be at spot sometime soon! Ha!
Heck, APMEX is selling these at $9 over the available price at the mint! Thats kind nuts!
from earlier in the evening:
2024W - ats - 28,826
2023W - ats - 21,551
Hmmm...I didn't define greed.
New inventory replaces old inventory. It's no didn't than gas prices or milk prices. If the wholesale price goes up, the indentured in the stores gets repriced to pay for the next shipment.
If silver hits $100, you think the Mint should keep selling Eagles for $95?
When you sell your coins, are you going to sell them for the purchase price or the current market price?
All comments reflect the opinion of the author, even when irrefutably accurate.
It is nuts for Apmex to try and make a 10% profit?
All comments reflect the opinion of the author, even when irrefutably accurate.
I think he's saying it's nuts to buy them from APMEX when you can go directly to the source and buy them cheaper. Makes sense to me.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
You may want to brush up on Economics 101.
spot even closer to 91
What the ats for 2025W Proof ASE $ ?
Thanks !
Lindy
ats: 1,824
Going Fast!!
GAAP, LIFO, and FIFO accounting -- including the need to purchase new silver at higher prices -- demand that market pricing reflect current conditions, even if the silver was purchased a year ago. It's the same thing with gasoline prices....they jump to the market price even for gasoline in the ground a month ago....and they FALL the same way.
A business would go out of business if they didn't mark-to-market.
What is ATS ?
Available to Sell
AWESOME ! Thank you !
Awesome !
Decided to put 25 of those 2025W ASE $ Proofs in my basket, then order placed and Mint received email & then email confirmed in 16 minutes.
Never dropped $95 an ounce specifically on a silver ounce but it just feels right.
Maybe due Friday 16th with overnight fee included.
Bought a few myself. 😉
ats: 1,585
currently unavailable
24 and 23 are still up
39k left
where do you find this info?
They all show "remind me" (including the older Congrats sets) at this time. Either the Mint sold out, or suspended sales as their email yesterday cautioned could happen.
https://forums.collectors.com/discussion/comment/13874155/#Comment_13874155
ats 0, 0
Looks like mint suspended sales of all AE’s shortly after noon Eastern.
As of 1:00 Eastern Morgans, Peace, and medals still available.
That was quick !
Glad I got an order in
Now the big question is what’s the reprice?
There was plenty of time and plenty of warning to pull the trigger and I am confident plenty here did.
Does not apply as broadly as you suggest. Even when it does it is just another form of greed and higher taxation. Does not apply to selling price only valuation for loan and tax purposes. As for oil and gas I will put up my Chevron pension to say that pricing is controlled by the world commodities market and prices are raised long before any real increase and many times before no increase. and drop long after the fact. We don't call it greed, we call in "maximizing profits" LoL
I could tell you some stories, that knock your socks off, about what the oil companies I worked with did during the Oil Embargo of 1973-1974. We maximized our profits out the wazoo. Never mind those millions of barrels behind the curtain.
How you value your inventory and what you charge your customers is like comparing a Kia to a Maserati.
AGREED !!!
No need to brush up on phony narratives. I was in the middle of billions that went sideways and created most of the inflation of the last five years. Many uninformed believe the fake narratives and know little of the reality of what went on and continues to this day.
It's not a phony narrative. You've created a straw man than no one is arguing over. That is quite different than saying that a business shouldn't mark the price of a commodity to market, which is what you are calling "greed".
All comments reflect the opinion of the author, even when irrefutably accurate.
Say what you want this is my final comment on the subject. Charging more for increased profit just because you can is greed pure and simple. Yes in this case the very lowest level of greed but none the less it still fits in the definition of greed.
Yes you can and almost everybody does but still. " just saying " Valid or not everyone has their +++++++ rating
Let’s keep this simple. I don’t know if you received any money from the government in 2020. What caused inflation was the fact that the Federal Reserve had to inject trillions of dollars into the system to keep the economy from collapsing in 2020. Monetary changes whether rates are cut or eased do not happen overnight as it takes time to work itself through the financial system. Now we have this tariff nonsense which is biting us on the backside. In addition, I question how up and up these economic releases are. Inflation isn’t going away until we have a serious rise in rates. It will be painful, but it will be worse if inflation gets out of hand. Look up Paul Volcker.
Now can we please get back to talking about coins?
And once they raise prices they never go back down unless we have a mini depression.
"Charging more for increased profit just because you can is greed pure and simple."
Isn't wanting to pay less than current market rates greed, too?
"Now we have this tariff nonsense which is biting us on the backside."
"Now can we please get back to talking about coins?"
Please do.
It was a very good deal by US Mint's normal pricing standards and if you are confident that silver will continue to rise in value it may even turn out to be a great deal in the end but $91 is still $3 over spot at the present time.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
anyone hunting at 7:30 wed?
Only if silver hits $100 overnight
All comments reflect the opinion of the author, even when irrefutably accurate.
I could be wrong, but I doubt any ASE's will be available until the Mint reprices them.
Hunting for what? They did not sell out. They were removed from sale, pending repricing. They are not coming back until they are repriced.
If you are looking for "deals," you can buy Morgan and Peace dollars at the same prices, with far lower mintages, and only 0.14 ounces less silver. Blink and they too will be gone.
Saved $2400 on dropping and processing 7 sixty foot trees today that I planted in 1975 way too close to house.
What was Dad thinking ? Question Authority ? Was not an option.
Decided I'd add a dozen unc 2025 Peace and 12 Morgan to prior 25 ounces 2025 ASE proof $ chatted about earlier today. Like $110 an ounce this time for 2 dozen retro coinage. Never dropped $110 an ounce silver on strictly bullion & I never ordered up Peace & Morgan Uncs before. Direct from US Mint Uncs was on my bucket list. Total of 45 ounces housed in 49 $ coins containing 999 silver now enroute .
I noticed months ago Unc 2025 Peace & Morgans maxed out at 150k each. I thought that's a lower mintage but premium back then over spot was appalling. Not so much now. But still premium priced though ATM.
As Always,
Happy Shopping !
morgan/peace dollars are not 1ounce coins
i would think they'd reprice even the morgan/peace
You are slightly mistaken and spiking short term rates applied 2 years ago. CPI has backed off. The Fed sets short term rates with FedFunds. All other rates are market driven. Long term rates are most correlated with inflation and supply
Only way to bring down long-term rates is to borrow on short end increasing supply and twist long term by the Federal Reserve buying long term and becoming market driver. 10 and 30 year treasury auctions are going off at and stronger than where actively trade in when issued. Even the traditionally weak 20 year auctions have been bid through levels.
Case in point: $200B to buy mortgage back securities dropped mortgage rates last week.
Rates are not going up anytime soon
Hmmnn, nice number:
US Mint has closed sales of silver eagles and most other silver products. I just saw this around 5 PM PST.
Repricing on the way!!!