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Breaking News: The US Mint Announces 33% Silver American Eagle Price Rise

ttownttown Posts: 4,472 ✭✭✭
in Precious Metals
That should put a halt to them running out of ASEimage



$2 over melt

Comments

  • tincuptincup Posts: 5,265 ✭✭✭✭✭
    I get a "Page not found" message at the web site. Has the article been pulled already? Or was it mis-information? Any other links or verification?
    ----- kj
  • tincuptincup Posts: 5,265 ✭✭✭✭✭
    Looks like a pretty hefty price increase.... a link to the announcement at a different location.

    ASE Price Increase
    ----- kj
  • OPAOPA Posts: 17,133 ✭✭✭✭✭
    Actually that's old news ... was announced last week by the Authorized Mint bullion distributors that an increase of $.50 per coin is in affect.

    Here is another article pertaining to this issue

    Mint price increase on ASE

    Previous Forum thread on the same subject:

    Prior Forum thread
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 37,272 ✭✭✭✭✭
    Don't you mean 33% premium increase?

    Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards

  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    I'm sticking with 90%! Can get them at melt or below which makes them a great deal. Also I have read that recently with the rise in silver prices, places are melting down 90%. If that is true, sooner or later, 90% will become scarce and worth a lot more....at least I hope image
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  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    They melted tons of silver dollars from 1979-1980, yet one cannot call silver dollars, even BU ones any scarcer than before. In fact they are probably at about the lowest levels they've been since the late 1970's. They'll have to melt a lot more to out a dent in the total supply.

    That 33% premium increase on SAE's should also give a jolt to the Maples and Libertads.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • OPAOPA Posts: 17,133 ✭✭✭✭✭


    << <i>33% premium >>



    If you put it into perspective...that's only about a 2.5% increase, based on today's ASE prices. ( Just keeping up with inflationimage, but I thought we didn't have anyimage )
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • calleochocalleocho Posts: 1,569 ✭✭
    In 1964 the US minted about 420 million kennedy halves...it would take a lot of melting to get them down to rare status
    "Women should be obscene and not heard. "
    Groucho Marx
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