US Mint silver reprice email

@Liquidated said:

@Colonialcoin said:

Let’s keep this simple. I don’t know if you received any money from the government in 2020. What caused inflation was the fact that the Federal Reserve had to inject trillions of dollars into the system to keep the economy from collapsing in 2020. Monetary changes whether rates are cut or eased do not happen overnight as it takes time to work itself through the financial system. Now we have this tariff nonsense which is biting us on the backside. In addition, I question how up and up these economic releases are. Inflation isn’t going away until we have a serious rise in rates. It will be painful, but it will be worse if inflation gets out of hand. Look up Paul Volcker.

Now can we please get back to talking about coins?

You are slightly mistaken and spiking short term rates applied 2 years ago. CPI has backed off. The Fed sets short term rates with FedFunds. All other rates are market driven. Long term rates are most correlated with inflation and supply

Only way to bring down long-term rates is to borrow on short end increasing supply and twist long term by the Federal Reserve buying long term and becoming market driver. 10 and 30 year treasury auctions are going off at and stronger than where actively trade in when issued. Even the traditionally weak 20 year auctions have been bid through levels.

Case in point: $200B to buy mortgage back securities dropped mortgage rates last week.

Rates are not going up anytime soon

I don’t trust the economic releases that the current administration is putting out. Inflation is and will continue to be a problem unless the Fed buckles to outside pressures.

@MsMorrisine said:
do you like unmarked .999 silver?

https://www.usmint.gov/presidential-coins-medals/

those are $90 each and are made on ase blanks

I grabbed a few of these myself

@Liquidated said:

@Colonialcoin said:

Let’s keep this simple. I don’t know if you received any money from the government in 2020. What caused inflation was the fact that the Federal Reserve had to inject trillions of dollars into the system to keep the economy from collapsing in 2020. Monetary changes whether rates are cut or eased do not happen overnight as it takes time to work itself through the financial system. Now we have this tariff nonsense which is biting us on the backside. In addition, I question how up and up these economic releases are. Inflation isn’t going away until we have a serious rise in rates. It will be painful, but it will be worse if inflation gets out of hand. Look up Paul Volcker.

Now can we please get back to talking about coins?

You are slightly mistaken and spiking short term rates applied 2 years ago. CPI has backed off. The Fed sets short term rates with FedFunds. All other rates are market driven. Long term rates are most correlated with inflation and supply

Only way to bring down long-term rates is to borrow on short end increasing supply and twist long term by the Federal Reserve buying long term and becoming market driver. 10 and 30 year treasury auctions are going off at and stronger than where actively trade in when issued. Even the traditionally weak 20 year auctions have been bid through levels.

Case in point: $200B to buy mortgage back securities dropped mortgage rates last week.

Rates are not going up anytime soon

Don't be so sure, depending on what happens between the White House and the Fed. If the Fed loses its independence, the market will make sure that long term Treasuries tank and interest rates spike, because the market knows crazy inflation will be right around the corner if the Fed is forced to drop short term interest rates to please the White House. No amount of buying mortgage backed securities will stop it.

Just like what happened in 2020, except this time with no pandemic. Just a White House wanting to goose an economy ahead of an election. To be honest, fear of this is one of the things driving gold and silver higher. Believe it or not.

@Goldbully said:

@Colonialcoin said:

@Liquidated said:

@Colonialcoin said:

Let’s keep this simple. I don’t know if you received any money from the government in 2020. What caused inflation was the fact that the Federal Reserve had to inject trillions of dollars into the system to keep the economy from collapsing in 2020. Monetary changes whether rates are cut or eased do not happen overnight as it takes time to work itself through the financial system. Now we have this tariff nonsense which is biting us on the backside. In addition, I question how up and up these economic releases are. Inflation isn’t going away until we have a serious rise in rates. It will be painful, but it will be worse if inflation gets out of hand. Look up Paul Volcker.

Now can we please get back to talking about coins?

You are slightly mistaken and spiking short term rates applied 2 years ago. CPI has backed off. The Fed sets short term rates with FedFunds. All other rates are market driven. Long term rates are most correlated with inflation and supply

Only way to bring down long-term rates is to borrow on short end increasing supply and twist long term by the Federal Reserve buying long term and becoming market driver. 10 and 30 year treasury auctions are going off at and stronger than where actively trade in when issued. Even the traditionally weak 20 year auctions have been bid through levels.

Case in point: $200B to buy mortgage back securities dropped mortgage rates last week.

Rates are not going up anytime soon

I don’t trust the economic releases that the current administration is putting out. Inflation is and will continue to be a problem unless the Fed buckles to outside pressures.

---

And what has this conversation got to do with the repricing of silver and its effects on Mint silver products?

To be fair, inflation, and the fear of inflation, is one of the things that drive precious metal prices higher. So it's really not off-topic.

In 1993, I bought the first silver proof set for $18.

When the US Mint tries to convince me that transparency and a positive customer experience are their priorities, it makes me want to go rob a bank so I can buy more silver.

@HATTRICK said:
Anyone ever heard of “pump and dump”?
The factors behind this rapid increase could change and the dreams of those great profits will go down in flames.
I say time to sell not buy

Or hold.

I think it is hysterical how much more popular silver is at $90 than it was at $35. PMs are one of the few things that people only want to buy after the price goes up.

I bought the Roosevelt medal for $90 last night, we will see if it actually ships

@Baylor8670 said:
Bought 50 Washingtons and 50 Lincolns. Shipping is still only $6.

The US Mint is feeling very generous today.

Now the price will surely crash.

Raising prices is a great tactic. It triggers anxiety in some consumers. I take an item down for a month and price it higher—if it is uncommon and there’s a few watchers. This thread makes me think of grocery stores before a hurricane (not gouging, but the crowding).
Getting rid of all that mint silver left me happier.
Holding it, two days later it’s still going….
The mistake is not buying it, but selling it at the wrong time.

@MsMorrisine said:
now they are repricing

needed to leave peace/morgan alone if they want to sell them

They might sell those also if the older silver vanishes before the fever, especially if the 2026 mint prices climb over the repriced silver.

I'm kind of expecting them to cancel the presidential medal order I made last night

@Goldbully said:
Just did a quick check of the Mint Website, and it appears the silver repricing hasn't happened yet.

They've simply replaced all their ADD TO BAG buttons with their REMIND ME ones. Now if they'd only remind us of the new prices!!!

Going “Down”
Ok I confess. I bought some so the price will surely drop.😢
As soon as I received the email that my coins shipped the price started to fall.
Hoping for the dead cat bounce.

@Goldbully said:
Just did a quick check of the Mint Website, and it appears the silver repricing hasn't happened yet. I wonder what is going on? Are they taking their time to make the right business decision that won't impede future sales of silver coins?
At the same time, they are losing out on sales of their bread and butter silver offerings as they mull over the numbers.
Patiently waiting at home.

Yes. Expect this to take weeks. They need to publish in the Federal Register, and there is a statutory waiting period before they can implement any price change after publication in the Federal Register.

The last time they did this, they gave us a heads-up and a last chance to make purchases at the old prices. I'm guessing this time, the rise in the spot price was too large and too sustained for them to be willing to do this.

They are indeed now losing sales, and will continue to do so for several weeks. By design, because they don't want to risk doing with tens of thousands of silver coins and medals what they did with a few thousand platinum coins, i.e., undercutting dealers, and selling near or under spot.

And believe me, the new prices will be significantly higher, which will also cause them to lose out on sales. The current prices were last set in the summer of 2024, when silver was around $28 per ounce. That was over triple spot at the time.

I don't think prices will triple to $250, but will be shocked if they don't at least double. At which point people will start screaming, but that seems to be the margin the Mint wants for numismatic product. It's not going to be static, and at a level any of us considers reasonable. Those days are long gone.

They are not going to go to a grid on something as relatively inexpensive as silver. They are also not going to price it so tightly that they are going to need to reprice every few weeks as silver is now bouncing around by $5 per day.

As a result, my best guess is that they are going to be bumping per ounce prices up by around $100, in light of the $60 per ounce increase since the last time they repriced, and that they will publish in the Federal Register in time to meet the revised February 26th release of the proof ASE and the Congratulations Set, coincident with the Savannah ANA show.

@jmlanzaf said:

@HalfDime said:

@NJCoin said:
Yes. Expect this to take weeks. They need to publish in the Federal Register, and there is a statutory waiting period before they can implement any price change after publication in the Federal Register.

It appears the last time they adjusted silver prices they became effective on the date they were published.

Unless they move the calendar, you can probably guess that they will make the change before February 11.

Yep! The Mint's way of saying Happy Valentines Day!

@HalfDime said:

@NJCoin said:
Yes. Expect this to take weeks. They need to publish in the Federal Register, and there is a statutory waiting period before they can implement any price change after publication in the Federal Register.

It appears the last time they adjusted silver prices they became effective on the date they were published.

I believe you are correct. So it looks like there is no advance notice requirement, but that they simply have to publish it before they implement it. Looks like it was a one day notice the last time around.