anyone rushing to buy ASEs from the mint?
HATTRICK
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Get them while they are HOT. Uncirculated only $169 and Proof only $173. 
" If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
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Chure 🥴
They should have sold as many as they could closer to melt when the pms prices were high.
Today—
Thanks, but I’ll pass.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Do you think they'll be as quick in lowering the prices as they were on increasing the prices?
USAF (Ret.) 1985 - 2005. E-4B Aircraft Maint. Crew Chief and Contracting Officer.
✓ Everyman Mint State Carson City Morgan Dollars (1878 – 1893)
✓ Morgan Dollar GSA Hoard (1878 – 1891)
✓ Everyman Mint State Lincoln Cents (1909 – 1958)
✓ Matte Proof Toned Lincoln Cents (1909 – 1916)
not at all
You think waiting 2 years to raise the price is quick? Yes, I think they'll adjust them again in 2 years.
These are NOT meant to be bullion coins. The bullion ASEs move with the market.
All comments reflect the opinion of the author, even when irrefutably accurate.
A year and a half, but, yeah. The bigger issue is that their numismatic premiums are totally out of line with the market, which is why they don't sell more, and why what they do sell tends to languish in the secondary market.
Once upon a time, they sold numismatic coins containing precious metals at modest premiums to bullion. Those coins attracted a lot more interest.
It's true they also didn't double in the secondary market, but more people were able to enjoy them, and the price was more in line with the cost of production and marketing. But then the Mint decided it wanted to price more like Canada and Australia, ignoring the fact that those countries do a tiny fraction of the volume of the US Mint. Meaning the Mint premiums are truly unjustified in purely economic, cost of production terms.
Now, all these years later, $50-100 premiums on silver, and $500-1,000 premiums on gold, are considered normal. They aren't. Which is why the Mint is not going to be able to sell 500K oh so special 40th anniversary, semiquincentennial privy mark proof ASEs, when in other eras, with other pricing schemes, they would have had no trouble selling over a million.
AND, with a 500K mintage, the coins they do sell are not going to anything in the secondary market, at an issue price of $173. Lose-lose.
They should lower prices. Not because silver is down nearly $40 from its highs, but because they should not be selling an ounce of silver for $170 in any case. Not at $70 spot, and not at $120 spot. Maybe at $150 spot. Maybe.
They manage to make bank selling bullion at $3 over spot. They don't need a $50 or $100 premium on numismatic coins, even with the special handling, lower mintages, and cost of marketing, to make the numismatic program self sustaining.
They do it because they can. Because they have a monopoly. But they also destroy demand in the process. And don't really create value, as you yourself have often observed.
I put a halt to all my mint buys a few years ago. Lost out on selling at the current pricing but corrections seem to be creeping back in. Will probably stay largely out of the market now and see where it goes.