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2012 Unc Silver Eagle

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Bedrock of the Community
13014 Posts
 Posted 07/15/2012  2:49 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
Putting some extra money in the coffers may allow them to stay off the next price increase.


The price increase is happening very quickly when silver hits their target point. They arent going to say well we didnt adjust down when we should have because sales were too good so well just leave it as is.
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12816 Posts
 Posted 07/15/2012  5:29 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list
clairhardesty makes a good point. The mint is in fact a business, and it costs money to keep the lights on, pay salaries, do marketing, etc., let alone buy silver blanks & packaging and mint the coins. I realize they only charge AP's $2/bullion coin, but they're probably not making any money on it at that point. Also they don't have collectors' interests in mind for the bullion version.

If you look at the silver quarters sets, they're selling for $41.95 right now. With $1.25 face of 90% silver, that's currently a little under $25 for the silver. That's a 68% markup, very similar to the ASE. Looks like there may be a forumla in play here.
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 Posted 07/15/2012  5:37 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list
I do remember seeing some things on some coin news articles (if accurate) there is indeed a standard pricing scale for their silver and gold products. When it hits a certain amount they increase the price and if it averages a certain lower amount for a week they adjust them down. The price increase is always a faster adjustment it seems.

Not sure how often they adjust the scale to just increase prices over all but they do have a formula in play as opposed to just saying lets see what we can get
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 Posted 07/16/2012  07:01 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list
...and appropriately the 2012 proof ASE is "temporarily unavailable" ...no mention why

Production issue? repricing? error discovered?

I can't see why they would reprice since spot silver is just churning around $27 unless it will be a downward revision....
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 Posted 07/16/2012  10:00 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list
The message on the ASE order page says "This product is temporarily unavailable for product repricing".

Apparently silver was in the mid-26's on Thursday, but it rebounded up to mid-27's on Fri.
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 Posted 07/16/2012  10:43 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list
I guess that would be a reason....but since spot was a tad over $32 when first issued I would think a $5 or so reduction in price...
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 Posted 07/16/2012  5:49 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
I would think a $5 or so reduction in price...


Fingers crossed
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 Posted 07/17/2012  01:33 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list
I hope so too, but it's unlikely at this point with Ag back up to 27.50-ish. It will probably be listed for sale again at its previous price.

I'm not sure if I'd rush out and buy another one or two even if the price did drop $5. If I were holding out and hadn't already gotten mine for the year, I'd definitely pounce then.
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 Posted 07/17/2012  08:09 am  Show Profile   Bookmark this reply Add clairhardesty to your friends list
It seems odd that they would take it offline for a price drop. I suppose they might and I see no reason for an increase so perhaps they hit some sort of running average that warrants a price decrease. These things usually take a couple of weeks ...
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193 Posts
 Posted 07/17/2012  6:36 pm  Show Profile   Bookmark this reply Add mwr1550 to your friends list
I got my notification as well, It seems I had forgotten I had a subscription.
But now I'm a bit confused. Someone said there are to be 5 ASE's minted this year but somehow I can only account for 4. The 2 S minted in the set, the bullion coin which was already realeased, and now the uncirc. Whats the 5th coin?

Edit, DOH I forgot about the regular proof coin, thats from the Philly mint right? So there will be 2 S mints 1W, and 2 with no mintmarks if I am correct.
Edited by mwr1550
07/17/2012 6:39 pm
Pillar of the Community
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 Posted 07/17/2012  6:53 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list
clair, THANK YOU. You saved me having to type all that. LOL I dont think the mint charges an unreasonable price for their products. People want to pay the same as they did 10 years ago. Do you pay the same for ANYTHING as you did 10 years ago? I highly doubt it. Like clair said, if you want silver for spot, dont flipping buy collector coins. And I would be willing to bet you would have to struggle to get a bar of silver at only 4 bucks over spot. PM dealers charge premiums to ya know.
Bedrock of the Community
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 Posted 07/17/2012  7:28 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
Someone said there are to be 5 ASE's minted this year but somehow I can only account for 4. The 2 S minted in the set, the bullion coin which was already realeased, and now the uncirc. Whats the 5th coin?

Edit, DOH I forgot about the regular proof coin, thats from the Philly mint right? So there will be 2 S mints 1W, and 2 with no mintmarks if I am correct.


You could say 6 as I think SF did some of the bullion this year as well.
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 Posted 07/18/2012  07:31 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list

Quote:
Edit, DOH I forgot about the regular proof coin, thats from the Philly mint right? So there will be 2 S mints 1W, and 2 with no mintmarks if I am correct.


Those 5 are correct except the "regular" proof has a W mint mark ...minted in West Point
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1027 Posts
 Posted 07/18/2012  09:51 am  Show Profile   Bookmark this reply Add clairhardesty to your friends list
The bullion coins are minted at both W and SF mints but that provenance only exists for coins slabbed directly from monster boxes so the "purists" among us won't count two because you cannot tell them apart just by looking at the coins. The mint will count five distinct coins as well. Whether you count five or six, both are correct because they are counting the same coins and the final number is an individual collector choice. To me, counting the bullion as two is a lot like counting the provenance of packaging, and that would require counting the W uncirculated in the "United States Mint Annual Uncirculated Dollar Coin Set" and the W proof in the "Making American History Coin and Currency Set" as distinct coins as well, and I don't wish to do that, even though I probably will buy both items.
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4901 Posts
 Posted 07/18/2012  09:58 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list

Quote:
and that would require counting the W uncirculated in the "United States Mint Annual Uncirculated Dollar Coin Set" and the W proof in the "Making American History Coin and Currency Set" as distinct coins as well, and I don't wish to do that,


The proof in the Coin and Currency set is a S mint marked coin...thus the drama vs. the SF 2 coin set
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