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US Mint To Increase Prices On Silver Medals

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 Posted 02/07/2023  6:20 pm Show Profile   Check Dearborn's eBay Listings Bookmark this topic Add Dearborn to your friends list Get a Link to this Message
Just read that the mint is increasing their prices on medals.

https://www.coinnews.net/2023/02/07...lver-medals/

Quote:
New United States Mint pricing has been announced for the collection of silver medals depicting former presidents and those honoring the six branches of the U.S. Armed Forces the Air Force, Army, Coast Guard, Marine Corps, Navy, and Space Force.

The 1-ounce silver medals will climb to $75 from $65 while the 2.5-ounce silver medals will increase to $175 from $160.

Well this is sucky news... lets see how it will impact my purchases this year now..
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 Posted 02/07/2023  6:25 pm  Show Profile   Bookmark this reply Add ericgreen to your friends list Get a Link to this Reply
That's a bummer and a pretty steep increase. I had planned to buy the 2.5 ounce Army medal for a family member. Guess it is going to cost more now
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 Posted 02/07/2023  7:19 pm  Show Profile   Bookmark this reply Add Bump111 to your friends list Get a Link to this Reply
I quit buying them when they went from $40 to $65. I don't understand their rationale. Have their planchet prices or other expenses gone up that much?
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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 Posted 02/07/2023  8:45 pm  Show Profile   Bookmark this reply Add datadragon to your friends list Get a Link to this Reply
Confirmed, See: https://public-inspection.federalre...23-02549.pdf and https://www.federalregister.gov/doc...ilver-medals
Prices can't be changed until they are published in the Federal Register. Others are increasing for 2023 as well. Hello $130 silver proof set. https://public-inspection.federalre...23-02553.pdf

And it was just in 2020 when they hiked the prices already quite a bit
https://www.coinworld.com/news/us-c...ver-products

Edited by datadragon
02/08/2023 12:47 pm
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 Posted 02/07/2023  9:13 pm  Show Profile   Bookmark this reply Add Bump111 to your friends list Get a Link to this Reply
Any idea if they could change the prices for the Morgan and Peace items?
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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 Posted 02/07/2023  9:34 pm  Show Profile   Bookmark this reply Add datadragon to your friends list Get a Link to this Reply

Quote:
Any idea if they could change the prices for the Morgan and Peace items?


Looks like the prices are listed for 2023 in this link I had just posted prior to your post. https://public-inspection.federalre...23-02553.pdf
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 Posted 02/08/2023  12:00 am  Show Profile   Bookmark this reply Add atticguy to your friends list Get a Link to this Reply
datadragon, thanks for the added pricing info!

By the prices listed, I'm subscribed for $810 of US coins this year, PLUS whatever the two AI Dollar sets will be. I also am buying $472 in goodies for a coin buddy who wants nothing to do with internet commerce.

A bit more pricey than last year, but still cheaper than my house payments.
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 Posted 02/08/2023  10:10 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
It is how they are making up revenue from not having commemorative silver dollars this year.
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 Posted 02/08/2023  8:46 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply

Quote:
Hello $130 silver proof set.

At $130 I'm going to have to think long and hard about keeping a subscription on that set.
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 Posted 02/08/2023  9:19 pm  Show Profile   Bookmark this reply Add datadragon to your friends list Get a Link to this Reply
Yes a 2019 silver proof set was 54.95. 2020 63.25. Looks like it jumped to 105 in 2021/2022 but now 130 in 23. And this is just one item of that large list of increases.

I wonder if this will cause resellers to reprice all their items right away to the new pricing. For example if they still had 2021/2022 mint sets to reprice more around the 130 vs the 105. I know littleton will regardless, they repriced years ago to the current 2023 rates The only plus would be those who bought at the prior lower rates the last few years and happen to want to part with their stuff, perhaps now at a premium. Might be an opportunity to go immediately and buy from coin shops or online if repricing is imminent before they change their rates. Too late to do so at the mint, we used to get a week or two but its already changed. If you have subscriptions please think over as well and double check the price increases.

Edited by datadragon
02/08/2023 9:20 pm
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 Posted 02/08/2023  9:30 pm  Show Profile   Check Dearborn's eBay Listings Bookmark this reply Add Dearborn to your friends list Get a Link to this Reply
Yep, I went and checked the mint's schedule and anything that was on the list AND had a date already assigned, now shows the new price. If you dive deep into their inventory pages, the prices are changed there too. (for once the mint did something quick.)
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 Posted 02/09/2023  08:08 am  Show Profile   Bookmark this reply Add morgans dad to your friends list Get a Link to this Reply
Like any other business, Our U S Mint knows We are simply waiting to keep up Our collections. Oh course they are raising their prices AGAIN....... E pluribus Unum...
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 Posted 02/09/2023  09:08 am  Show Profile   Bookmark this reply Add ChicagoCoinGuy to your friends list Get a Link to this Reply
I already had planned to purchase at least 8 Lincoln medals this year for me and family members. I don't want to be a speculator, but it almost seems that it would make sense to buy a few more and resell them later-if Lincoln ends up going for the lower price.

I'm really looking forward to that issue.
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 Posted 02/09/2023  10:12 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
It is how they are making up revenue from not having commemorative silver dollars this year.
Or maybe they have to increase revenue to pay for the worthless cent fools keep insisting they mint for circulation.
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 Posted 03/04/2023  11:09 am  Show Profile   Bookmark this reply Add datadragon to your friends list Get a Link to this Reply
New Morgan & Peace Pricing for 2023 including. the. Reverse Proof Set published on the federal register https://www.coinnews.net/2023/03/03...ars-and-set/

2023-P Uncirculated Morgan Silver Dollar Philadelphia - No Mint Mark 275,000 prior $67.00 new $76.00
2023-P Uncirculated Peace Silver Dollar Philadelphia - No Mint Mark 275,000 $67.00 $76.00
2023-S Proof Morgan Silver Dollar San Francisco - S 400,000 $73.00 $80.00
2023-S Proof Peace Silver Dollar San Francisco - S 400,000 $73.00 $80.00
2023-S Morgan and Peace Silver Dollar Reverse Proof Set San Francisco - S 250,000 $175.00 $185.00
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