Can anyone explain the pricing rationale for the upcoming Morgan & Peace Dollar offerings?
PipestonePete
Posts: 1,987 ✭✭✭✭✭
First, a few examples of silver offerings the Mint has produced for collectors this year:
Proof American Silver Eagle----$79 (No surcharge but a full troy ounce of silver...and struck in Proof)
Martin Van Buren Presidential Medal---$65 (No surcharge but a full troy ounce of silver...not struck in Proof)
Christa McAuliffe Proof Dollar---$79 (Includes a $10 surcharge to be paid to the FIRST robotics program and it is struck in Proof)
Law Enforcement Proof Dollar---$79 (Includes a $10 surcharge to be paid to the National Law Enforcements Memorial Fund....and is struck in Proof)
Law Enforcement Uncirculated Dollar---$74 (Includes a $10 surcharge to be paid to the National Law Enforcements Memorial Fund. The Mint is knocking $5 off of the cost because this one is not struck in Proof)
Martin Van Buren Uncirculated Presidential Medal---$65 (No surcharge, not a Proof, but a full troy ounce of silver)
The Morgan/Peace Uncirculated Dollars----$85 (No surcharge...not a full ounce of silver....not struck in Proof)
It seems the major criteria used to help explain the price bloat on many of the U.S. Mint silver issues are not in place for this issue and yet the price is higher than any of the other options listed above. Why? What was the rationale that went into establishing the price point of this issue?
Comments
GREED! ...and an expected sell-out.
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I guess the US Mint is thinking that the demand can handle the higher price. Pretty much EVERYONE likes silver dollars.
Probably priced to what they think the market will bear. I’m sure there are decent margins on all of these.
These are not bullion coins. The $25 silver content has very little to do with the price
All comments reflect the opinion of the author, even when irrefutably accurate.
Supply and demand. A popular issue. They could charge much more than they are, and it would still sell out.
Has the mintage been announced?
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
They are looking for margin to cover other losing programs is my guess.
Should not be that way in a perfect world with a government operation....fill the rest of the sentence out as you wish.
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Why not a full ounce of silver?
I just hope the coin is not copper with silver plated
The five-finger word!
Inflation. Stimulation. Sublimation. Situation. Maturation.
The mint charges $75/ounce for silver. Look at all of their offerings. These are little more, but not that much.
Using the same logic as the privy marked 2021W AGE proof one ounce, I'm afraid the mintage might be 2021 of each type, as that would justify the higher price.
Nevermind, the mintage will be 175,000 for each privy marked Morgan, and 200,000 for the Peace. I'm changing my answer to "no clue".
These will probably sell out in minutes. They could have even priced them higher. As others have said: Supply and Demand!
As Anthony Scaramucci said " to fleece the rubes"
No, they don't.
Simply boils down to projected demand. These will sell fast and flip for more. The other issues are not that popular and require a lower price point to sell. Cheers, RickO
Bingo....along with demand for a popular "coin."
Maybe they expect a run on the silver bullion banks before they issue the coins in October. Always a possibility that come delivery in Oct. $85 was cheap.
Governments can print currency. Only the people can print faith in it — and they’re running low on ink.
25 per household