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U.S. Mint Silver Proof Sets

luvcoins123luvcoins123 Posts: 72 ✭✭
in U.S. Coin Forum
With the price of silver tanking in the past couple of weeks, why is the price of the 2011 silver proof set at the mint still $67.95? I thought they were going to set their price weekly on silver and gold sets. They seem to be like the oil people. Go up immediately with price increases but don't go back down with price decreases.

Comments

  • BillJonesBillJones Posts: 34,053 ✭✭✭✭✭
    Prices are sticky downward, but not upward. That is a the way things work when when the perceptions are that a lower price is temporary.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • MsMorrisineMsMorrisine Posts: 33,239 ✭✭✭✭✭
    gold and platinum have a pricing grid that works weekly


    silver is whenever they feel like repricing and it takes however long it takes to reprice.
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions

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