US Mint Reprice of Silver
jskillz95
Posts: 106 ✭✭✭
When does the US Mint adjust the pricing of its silver product offerings? For gold, platinum, and palladium the repricing happens on a weekly basis but what is it for silver?
I have seen the same pricing on some silver products for several months now like the comic art superhero items that had a hefty licensing fee at initial offering during the summer but the rise of silver has chipped away at that licensing fee since the overall offering price has not been adjusted. Wondering how much of a window I have to purchase silver products before a price adjustment.
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I noticed that last night and called my friend to buy his 2025 Proof Peace Dollar ASAP! At this rate they might raise their prices by next week.
Wednesday was always the reprice day. Not sure if that has changed. I am sure a number of dealer sites will be hit hard today as their prices are low compared to the current price of silver. I have seen silver proof sets listed below melt.
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There is no "reprice day" for silver like for other precious metals. The Mint publishes a grid for the other metals, and there is a specific time and a specific formula used for weekly repricing.
Silver is different. The price is static, unless and until it is changed, unilaterally, whenever the Mint wants, via notice in the Federal Register.
My understanding is that the Mint hedges silver far in advance due to the static pricing, while they don't have to with other precious metals, due to the variable pricing and the fact that they don't purchase large quantities of the other planchets far in advance.
No dealer will be "hit hard" because they all bought at far lower prices, and they are free to reprice their inventory whenever that want. You can rest assured that a Mint price adjustment is coming. It will hit with little to no advance notice.
Existing inventory will be sold at the lower price until new pricing takes effect, since it was all made at the old hedged price. Take it to the bank that no 2026 numismatic product will be sold anywhere near $100 per ounce when spot is over $70 per ounce.
We're at 80 now
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Right. That's over $70. They are not going to be selling newly minted 2026 dated silver coins at anything close to $100 per ounce when spot is over $70. That includes $80.
In 1979/ '80 it was briefly possible to buy 1976 three piece sets at less than spot silver price. Indeed, IMS it was even possible to buy them at less than scrap value. Of course what almost nobody knew is that everything they were shipping was the ugly beat up coins made on high speed presses. Very very few of these survive despite mintage approaching 10,000,000 because the balance was melted in 1981 because of such poor sales. I'm sure they didn't get many reorders.
When the price goes up you can always find some silver at the old price.
watch the numismedia for any news. the silver price change will likely e in the federal register, which the numismedia will pick the news from
https://www.federalregister.gov/agencies/united-states-mint
I had no idea that this federal register existed. I learned something new today, thank you for sharing.
this reprice has to be imminent
Have been following the mint’s silver catalog page for a few days. The 2022 ASE uncirculated seems to have just gone unavailable. From the $91 offerings, 2023 and 2024 ASE uncs seem to still be out there. Peace and Morgan are still offered unc for 2024 and 2025 in the $91 bracket.
There is still a lot of proof material in the $95 bucket, and at $105 the reverse proofs are looking better every day.
Most major dealers seem to have their roll ASE’s close to or higher than $91, unless you settle for culls. That makes mint prices pretty attractive as long as silver remains close to, at, or higher than current.
So buying from the mint had the premiums baked in for months, while dealers manipulate them daily.
My only question is whether the remaining older silver inventory will dwindle by attrition, or suddenly all go unavailable at the same stroke of a computer key.
Option C - get repriced and stay available
All comments reflect the opinion of the author, even when irrefutably accurate.
Only the $95 ASE proofs do not have the “Limited” notation. Morgan and Peace are all “Limited”. So, yeah, the Morgan and Peace could naturally die thru attrition, with the ASE proofs being repriced at whatever the 2026 rate is going to be.
Option D - Temporarily unavailable due to “overheating” of the server farm in Naperville, Illinois.
They do NOT mint proofs from prior years. Whatever their current supply is would be the last of them.
All comments reflect the opinion of the author, even when irrefutably accurate.
I would like some 1893-s Morgan’s to be cued up on the website.
I received the “ Advanced Notice of Product Pricing Changes” email this afternoon from the mint for silver product offerings.
https://www.kitco.com/chart-images/images/live/nysilver.gif
Yep, I got the email also:
Dear Valued Customer,
To maintain transparency and a positive customer experience, we are reaching out to share an important update.
Due to metals cost, pricing adjustments are being evaluated across all numismatic products. In addition, rapidly rising silver prices may result in silver numismatic products being temporarily removed from sale while pricing is updated.
We are working expeditiously to update pricing in order to maintain product availability. However, we wanted to communicate in advance in case you notice changes on the United States Mint website.
Once pricing has been updated, we will notify you. For the most current product pricing and availability information, please visit our product schedule at: https://www.usmint.gov/product-schedule/
Please note: Subscriptions are subject to pricing adjustments. Please review your active subscriptions and payment methods as needed.
Thank you for your continued support of the United States Mint and its products.
Look like the mint is conducting the repricing of silver products as we speak. When I keyword search on "silver", all 139 product offerings have the "remind me" button and none are available for purchase. Will be interesting to see the new prices in the next few hours/days.
" Will be interesting to see the new prices in the next few hours/days."
Or weeks.
I look for them to make it a sizable increase rather than a small increase then have to do it all again in a short time if spot price keeps going up.
Some of the products are now showing the updated pricing, some sizable increases......yikes.
ASEs, Morgans & Peaces are now $169/$173.
Presidential medals now $164.
I honestly thought it would be higher. Nice to see them showing at least a little restraint.
It looks like they just mapped to the increase in the price of silver since the last reprice, and did not add an additional margin on to it like I thought they would.
They showed no restraint on the proof sets or the uncirculated sets. Why did clad sets have to be repriced at more than double their previous prices?
My original price for the proof set was $40.25, now it’s $107 and uncirculated was $33.25 and now it’s $124.50. That is a ridiculous mark up for non-precious metal coins.
$125 for an uncirculated coin set is insane
I couldn't agree with you more !! Unreal !
And they all still state "NOT AVAILABLE".
Maybe they're about to re-price them again? hahaha
This might be a solution to all of those sold out annual sets….$125 for the b/u sets is a bit rich so maybe $250 in the secondary market? Depends on the total mintage
Guess silver is going to $120 next week.
I remember buying a 5 ounce Hot Springs puck back in 2011 for $279.00 when silver had made a jump back then. It took a number of years for me to dig out from under that one. A little repeat here. Or alot.
My take is that the 2025 set is sold out and has been for some time, this has bad implications for the 2026 mint set unless they actually think about it -- put 95% copper cents in there and charge $37.50 unless they add a lot of coins, then maybe a little more for the added clad quarters or whatever. They will sell very few set over $100.
$107 for a clad proof set?!
I missed the subscription for the 2026 mint set but I got in for one proof set.
I might let it ride but I'm pretty confident that it's the last one I'll ever buy.
How to reprice something that hasn’t found the floor or ceiling in 6 months. Just guess !
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These new prices are wild. I understand that silver has risen quickly but geez. A lot of people are being completely priced out of basic products including clad coinage.
The one that got me is $125 for the Mint Set.
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It might have extra coins for the semiQ
All comments reflect the opinion of the author, even when irrefutably accurate.
That's only because the new prices need to be published in the Federal Register before they can go into effect.