I think the mint raising the price is the wise thing to do. If they sell low for what they bought it for someone will jump on all of it and then they will sell it at or above spot. So smart business says raise prices.
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.
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?
And what has this conversation got to do with the repricing of silver and its effects on Mint silver products?
US Interest rates are an important driver for the demand of US dollars. Less demand for the US dollar the more USD it takes to buy commodities (silver). That means silver prices would increase with dollar weakening maintaining all other factors remain the same. Higher cost of silver leads to higher mint product costs.
Got it? If not do a look back of US Mint products priced in Swiss Francs.
I could be wrong, but I doubt any ASE's will be available until the Mint reprices them.
i would think they'd reprice even the morgan/peace
They will. But in the meantime, for some reason known only to them, they have not yet pulled them from sale. Only the ASEs. Because that additional 0.14 ounces makes all the difference in the world.
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.
@Heubschgold said:
US Mint has closed sales of silver eagles and most other silver products. I just saw this around 5 PM PST.
Repricing on the way!!!
the peace/morgan are still up and are very bad deals
"Very bad deals"? They are relatively low mintage numismatic coins selling at $105-110 per ounce when spot is ~$90. If you think that's a "very bad deal," just wait until you see the per ounce price of everything after the reprice.
Including all the 250th goodies the Mint has planned for this year. In fact, these are likely the best deals we are going to be seeing from the Mint for a long time to come.
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.
I could be wrong, but I doubt any ASE's will be available until the Mint reprices them.
i would think they'd reprice even the morgan/peace
They will. But in the meantime, for some reason known only to them, they have not yet pulled them from sale. Only the ASEs. Because that additional 0.14 ounces makes all the difference in the world.
the prsidential medals are unmarked (harder to resell), made on ase blanks, re are not 91 each, but 90. those should have gone with the ase unc/pr
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.
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
@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.
All comments reflect the opinion of the author, even when irrefutably accurate.
@jmlanzaf said:
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.
Sure looks that way. I've got stuff that's selling for $40-$50 today that's been sitting in my store forever that used to be priced $15-$20.
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.
My earlier order 2025W Proof ASE now shipped and Peace & Morgan uncs on 2nd order placed shipped first today, 1-14-26, both next day. 2nd order stuck in Texas, no movement.
One sign for due by noon today, later order due tomorrow.
Hard to reprice when silver is moving $5 on many days. Rumor that mints around the world are having difficult time getting silver blanks when EV and solar companies are paying over spot.
I really enjoy going to coininflation to see what 90% dimes, quarters and halves are worth now ++++
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.
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.
@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.
@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.
All comments reflect the opinion of the author, even when irrefutably accurate.
@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!
@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!
They should strike heart shaped rose- gold coins.
All comments reflect the opinion of the author, even when irrefutably accurate.
@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.
Comments
Morgan and Peace $1's are still available.
the peace/morgan are still up and are very bad deals
I think the mint raising the price is the wise thing to do. If they sell low for what they bought it for someone will jump on all of it and then they will sell it at or above spot. So smart business says raise prices.
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?
US Interest rates are an important driver for the demand of US dollars. Less demand for the US dollar the more USD it takes to buy commodities (silver). That means silver prices would increase with dollar weakening maintaining all other factors remain the same. Higher cost of silver leads to higher mint product costs.
Got it? If not do a look back of US Mint products priced in Swiss Francs.
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
They will. But in the meantime, for some reason known only to them, they have not yet pulled them from sale. Only the ASEs. Because that additional 0.14 ounces makes all the difference in the world.
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.
"Very bad deals"? They are relatively low mintage numismatic coins selling at $105-110 per ounce when spot is ~$90. If you think that's a "very bad deal," just wait until you see the per ounce price of everything after the reprice.
Including all the 250th goodies the Mint has planned for this year. In fact, these are likely the best deals we are going to be seeing from the Mint for a long time to come.
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.
the prsidential medals are unmarked (harder to resell), made on ase blanks, re are not 91 each, but 90. those should have gone with the ase unc/pr
In 1993, I bought the first silver proof set for $18.
Silver $92.01 this minute.
Yesterday I spent $4,600 on 45 ounces 999 silver ounces contained in 49 coins.
"Coins" as they are $1 denomination.
$4,600 is coincidentally where 1 ounce of 24k gold was at a few hours ago, so 46 to 1 ratio.
Had planned to sell silver held for years, then got the 2025 Dollar dated bug.
Maybe I get super lucky and there's a cool error in my 49 coins purchase ?
Thanks for the tip.
Got Washington, Lincoln, Jefferson, Jackson, Grant, Madison, Monroe, and T. Roosevelt.
Don't you know it's OK for whiny people on a message board to be greedy but not corporations?
Greed for me but not for thee.
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.
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.
All comments reflect the opinion of the author, even when irrefutably accurate.
Sure looks that way. I've got stuff that's selling for $40-$50 today that's been sitting in my store forever that used to be priced $15-$20.
I bought the Roosevelt medal for $90 last night, we will see if it actually ships
Bought 50 Washingtons and 50 Lincolns. Shipping is still only $6.
The US Mint is feeling very generous today.
Well, I wouldn't want to be greedy like those evil corporations.
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.
I'm so happy I ditched collecting Silver Eagles back in 2021.
Washington Presidential Medal Not Available
Jefferson Presidential Medal Not Available
Lincoln Presidential Medal Not Available
Looks like the others are now Not Available.
That was really fast!
edited to add: Could be the Mint is preparing the repricing structure as we speak.
edited again to add: Looks like the silver coins are not available.
Just checked the Morgan and Peace $1's....not available.
Got to be in repricing mode at the Mint now.
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.
Morgans and Peace $1's are being repriced also.
I'm kind of expecting them to cancel the presidential medal order I made last night
I got 2 platinum coins below spot a couple weeks ago so hopefully they fill all the completed orders on the medals.
My proof 2025-W ASE’s are shipping today.
😊
My earlier order 2025W Proof ASE now shipped and Peace & Morgan uncs on 2nd order placed shipped first today, 1-14-26, both next day. 2nd order stuck in Texas, no movement.
One sign for due by noon today, later order due tomorrow.
Hard to reprice when silver is moving $5 on many days. Rumor that mints around the world are having difficult time getting silver blanks when EV and solar companies are paying over spot.
I really enjoy going to coininflation to see what 90% dimes, quarters and halves are worth now ++++
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.
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!!!
Maybe they are waiting to see if the drop occurs before committing to outrageous prices that will stifle future sales.🤔
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.
Down almost $5. Congratulations! You popped the bubble! 🤣
All comments reflect the opinion of the author, even when irrefutably accurate.
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.
It appears the last time they adjusted silver prices they became effective on the date they were published.
still nothing on the federal register
Unless they move the calendar, you can probably guess that they will make the change before February 11.
All comments reflect the opinion of the author, even when irrefutably accurate.
Yep! The Mint's way of saying Happy Valentines Day!
They should strike heart shaped rose- gold coins.
All comments reflect the opinion of the author, even when irrefutably accurate.
They are losing opportunities to move product every minute they ponder pricing.
Nope. When you see the new prices, you'll also see that precious little product will be moving.
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.