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US Mint Raises Proof Silver Eagles Almost 15%...
ianrussell
Posts: 2,467 ✭✭✭✭✭
2011 Proof Silver Eagles are available again at the Mint (they took them down last week for repricing).
They were $59.95, and now they are $68.45. Since they have already sold 700k coins at $59.95, I am surprised they would raise the price on the rest (no one really knows how many they are going to make).
- Ian
They were $59.95, and now they are $68.45. Since they have already sold 700k coins at $59.95, I am surprised they would raise the price on the rest (no one really knows how many they are going to make).
- Ian
Ian Russell
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
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Box of 20
This move practically "insures" that the 5 piece 25th Anniversary Set will be over $400.
The name is LEE!
My guess on the anniversary set price is somewhere between $329-$399.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>Just seems to be a lot of money for a newly minted silver round.
>>
Maybe in anticipation of hyper inflation, the U.S. Treasury is thinking ahead.
....or
causing it
<< <i>
<< <i>Just seems to be a lot of money for a newly minted silver round.
>>
Maybe in anticipation of hyper inflation, the U.S. Treasury is thinking ahead.
....or
causing it >>
In terms of pricing, the gouging they hope to bestow on as many er, buyers is hyper!
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Lets imagine spot is at $41. They have to strike the coin, package it, store it, market it - support countless staff and sell for $59.95.
I don't think they are making money at $68.45 either.
- Ian
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
<< <i>No way the Mint was making money at $59.95.
Lets imagine spot is at $41. They have to strike the coin, package it, store it, market it - support countless staff and sell for $59.95.
I don't think they are making money at $68.45 either.
- Ian >>
I know they're making money. It's what they do. Problem is : their cohorts in other sectors are spending it faster than the mint can make it.
Box of 20
Also gives them room to price the W uncirculated and the 9/11 medals at 60 and maintain a "proof premium".
Just got notification that the mint will be releasing the burnished uncirculated 20011-W Silver Eagle for a price of $60.45.
<< <i>They're keeping it up because the tentative price for the 2011-W is going to be around ~$60. Naturally, the proof strike is going to cost more.
My guess on the anniversary set price is somewhere between $329-$399. >>
I could see $399 at the very minimum based upon the 20th Anniversary Set Pricing and individual coin costs. Rmembering that the reverse Proof was never an individual Option so its price was unknown.
The name is LEE!
https://greatcollections.com/Collections/1120/The-Keyman64-Mercury-Dime-Collection/2024-07-07
<< <i>
<< <i>They're keeping it up because the tentative price for the 2011-W is going to be around ~$60. Naturally, the proof strike is going to cost more.
My guess on the anniversary set price is somewhere between $329-$399. >>
I could see $399 at the very minimum based upon the 20th Anniversary Set Pricing and individual coin costs. Rmembering that the reverse Proof was never an individual Option so its price was unknown.
>>
You may be right, Lee. They will be able to get an especially nice premium from two special strikes (rev. proof and "S" mint). Add the nice packaging in too.
What was the issue price of the 2006 set?
( and I was charging $2.00 over spot on the 1 oz silvers. I kept most of the golds ( 1/10 oz .999 ) and was charging a few bucks over spot.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>What was the issue price of the 2006 set? >>
$100
I anticipate further price fluctuations down the road and still believe the 25th anniv. set will come in around $350+ and not below.
<< <i>What was the issue price of the 2006 set? >>
$100 and folks were squawking about the price since silver, at the time, was only $12 an ounce.
There were also quite a few that cancelled their orders once they found out that the 2006-W Burnished coin was being made available separately. The 2006-W Proof had already been available for months leaving only the Reverse Proof as the sole unique coin in the Anniversary Set.
For this 25th Anniversary Set, there will be at least 2 unique coins unless of course the 2011-S is made available as a separate opetion along with the 2011-W?
IMO, folks need to stay away from these since........well...whatever......
The name is LEE!
<< <i>this is more kaka from the mint, price gouging in my opinion. >>
If you don't like the price, you can always buy a classic, almost 1 oz silver Morgan or Peace $, for a similar price. It won't be a 66 or higher though. The same folks who cried: "gouging" when APMEX originally priced the pucks or the Mint priced their P versions, likely will also sing the same tune with these. Not to worry though, the "Forum Posse," will look out for my best interest.