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

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Valued Member

United States
108 Posts
 Posted 10/07/2020  11:42 am Show Profile   Bookmark this topic Add Hidalgo to your friends list Get a Link to this Message
Here's a link for the proposed US Mint silver numismatic products price increases

Title: Establish Price Increases for 2020 United States Mint Silver Numismatic Products

https://public-inspection.federalre...20-22458.pdf

Product - 2020 Retail Price
Presidential Silver Medals - $65.00
America the Beautiful Quarters Silver Proof Set - $60.00
American Eagle One Ounce Silver Proof Coin - $73.00
American Eagle One Ounce Silver Uncirculated Coin - $67.00
American Eagle One Ounce Silver Proof Coins - Bulk Pack - $2,920.00
American Eagle One Ounce SilverUncirculated Coin - Bulk Pack - $2,680.00
Silver Proof Set - $105.00
America the Beautiful Five Ounce Silver Uncirculated Coin - $229.00
End of World War II 75th Anniversary American Eagle Silver Proof Coin - $83.00
End of World War II 75th Anniversary One Ounce Silver Medal - $75.00
2019 America the Beautiful Quarters Silver Proof Set - $60.00
2019 American Liberty High Relief SilverMedal - $175.00
2019 Congratulations Set - $75.00
2019 Silver Proof Set - $105.00

*** Moved by Staff to a more appropriate forum. ***
Pillar of the Community
United States
962 Posts
 Posted 10/07/2020  11:56 am  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply
what a joke!
Pillar of the Community
United States
962 Posts
 Posted 10/07/2020  11:57 am  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply
you'd think silver was at $40/oz or something
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United States
92401 Posts
 Posted 10/07/2020  12:13 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Oh my! My budget is getting squeezed. Good thing I have not had to buy gasoline on the regular this year.
Pillar of the Community
United States
2675 Posts
 Posted 10/07/2020  3:00 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
Silver proof set goes up by $40.. NO WAY..
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United States
5637 Posts
 Posted 10/07/2020  3:02 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
They will charge what the mkt will bear. They are no different from any other business. Capitalism 101.
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United States
1020 Posts
 Posted 10/07/2020  4:25 pm  Show Profile   Check CalzoneManiac's eBay Listings Bookmark this reply Add CalzoneManiac to your friends list Get a Link to this Reply
And they wonder why people aren't buying them.
Looking for pre-1961 Russian and Soviet coins.
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United States
92401 Posts
 Posted 10/07/2020  4:40 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
But people are buying them, enough so that they do not have to lower prices to increase sales.
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 Posted 10/07/2020  4:42 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
People don't buy them because most of the products will be on eBay for 1/2 to 2/3 the mint's price after a few months.

The mint is doing the gimmick thingy now with the "W" mint and special finish "free" add-on items to sell proof and mint sets. With the cent and nickel W add-on coins done they'll probably do W dimes, quarters and half dollars the next 3 years. They are just jacking up the prices to cover the extra coins. Nothing is "free" ... especially from the mint!
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Canada
972 Posts
 Posted 10/07/2020  5:01 pm  Show Profile   Bookmark this reply Add GMS5 to your friends list Get a Link to this Reply
2019 American Liberty High Relief Silver Medal - $175.00 up from $99.95
A $75.05 increase. Unbelievable.
As of right now it's still available on their site for the original price if anyone wants one.
https://catalog.usmint.gov/american...edal&start=1
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United States
92401 Posts
 Posted 10/07/2020  5:03 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
The mint is doing the gimmick thingy now with the "W" mint and special finish "free" add-on items to sell proof and mint sets
Not in the 2020 uncirculated mint set. They scrapped the W nickel for it.

http://goccf.com/t/382103
Valued Member
United States
108 Posts
 Posted 10/07/2020  5:06 pm  Show Profile   Bookmark this reply Add Hidalgo to your friends list Get a Link to this Reply
For those who chase low mintages:

There will be a limited production number of 213,000 for the 2020 US Annual Mint Set. That number makes it the lowest mintage/sales number for annual mint sets since 1959.
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 Posted 10/07/2020  5:08 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Yup, saw that as well. Good thing they go on sale on a Monday then.
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United States
301 Posts
 Posted 10/07/2020  8:41 pm  Show Profile   Bookmark this reply Add goldnugget to your friends list Get a Link to this Reply
Are they Subject to Price Gouging, probably not since no one can make legal coinage
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United States
217 Posts
 Posted 10/07/2020  9:28 pm  Show Profile   Bookmark this reply Add captaincoffee to your friends list Get a Link to this Reply
I'll just wait until silver goes back to $10 an ounce and buy them on eBay.
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United States
494 Posts
 Posted 10/08/2020  10:46 am  Show Profile   Check coincollector123's eBay Listings Bookmark this reply Add coincollector123 to your friends list Get a Link to this Reply
Well the US mint just announced today that they will be raising all Silver Numismatic products on their Facebook. Now they did not mention a price but we might see an even higher price and that starts October 13th for the Silver Coins. They want to align with other mints products/prices such as the Perth Mint and Royal Mint.
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