What Do You Think? US Mint's Plans To Increase Prices For 2020 Silver

With this I turned off the enrollment for the silver proof set and S ASE silver proof. I'll buy them on the secondary market.

I already have the 2020 silver proof set. I hope 2021 is not too high.

There is still some 2020 silver on my list. The Mayflower set, the ASE and silver medal for WWII 75th.

I'm not saying you aren't right but I only have so much hobby money to spend. I'll try to get one or 2 of the 75th anniversary ASE, that has more of an upside potential. Also prior to Covid, other then a few ASE, I was able to get most dates on the secondary market for $45-$55, so there wasn't a reason to get them from the mint. I'm not stopping getting the ASE, but I'll just get the Bullion ones for the future. The pride of 2 nations was selling for upwards of $200 for the ASE, I considered picking up the set with 2 coins early in 2020 and the price was $150 and under, considering these were only limited (I believe 100k) the price really didn't go up (and stay up for 2 long). The US mint made 6 different ASE last year, not everyone will collect all of them. The Bullion is fine for me.

Do you think my chances of getting a End of World War II 75th Anniversary American Eagle Silver Proof Coin has improved with the price increase from $69.50 to $83?

Well this is definitely going to make me think twice about future U.S. Mint purchases that involve silver.

@kena, I personally feel that a $13.50 increase for an ASE with a 75k mintage and special significance/privy won't impact sales. I still expect it to be a quick sellout.

Evidently this is the Mints reason for the new strategy that they posted to Facebook.

"The United States Mint recently adopted a new strategy for pricing products in its silver numismatic products portfolio. As a result, prices for products containing silver will change EFFECTIVE October 13, 2020, with release of the 2020 American Eagle Silver Proof Coin with "S" mint mark (20EM). The new pricing will affect prices for silver products already on sale (including prior year) and those remaining to be released in 2020.
In order for the United States Mint to cover rising costs, meet its fiduciary responsibility to operate at no net cost to taxpayers, and return money to the Treasury General Fund, re-setting silver prices is necessary.
The Mint's goal, as a financially responsible Federal agency, is to always provide the best quality numismatic products while maintaining fair prices. The first objective is to ensure that the numismatic portfolio (all product lines together) be self-sufficient and cover all associated costs. The new silver prices reflect a sound business decision aimed at meeting these obligations. (No tax dollars are used to fund numismatic operations.)
The United States Mint will continue to look for operations optimization and cost reduction efforts to deliver superior quality numismatic products at a fair price."

Not sure what a 'fair' price would be if they raise the price of the Silver Numismatic products. Maybe a fair price for those countries that have a mint that produces numismatic coins (australia, uk, China, etc). Not sure what cost reduction we are seeing except a bigger margin for profit for the Mint. Seems like they are dogging the answer to the question of why and the last paragraph doesn't really help their case. Maybe Mint sales are going to help with the federal deficit but who knows...

A 50 buck increase for the 5 oz P pucks will put the brakes on sales...and, in fact, all sales of the silver products. Low mintage will be an adjust yearly thing...lowest this year will mean nothing next year and so on.

The 2019 ATB Silver Proof set is currently at $36.95 until October 13. With silver currently a $25.30 an ounce. The set has 1.12 ounces of silver so you are paying about $7.70 over spot. Not a bad deal for 5 silver proof quarters.