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 Replies: 25 / Views: 4,005 |
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Pillar of the Community
United States
1254 Posts |
According to the MintNewsBlog the prices of the ASEs and the 5 oz ATB pucks will be increased for 2013. No mention of the West Point set, but I am sure the cost of this set just went up. Probably $159.95 I am guessing. Here is a link to the full article... http://mintnewsblog.com/2012/12/hig...er-products/ |
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Bedrock of the Community
United States
36575 Posts |
Silver prices are down considerably and they raise the cost of sets, makes sense to me. They keep jacking prices and there will be far less sales of their products.
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Pillar of the Community
Canada
1700 Posts |
Better than RCM prices. It`s always been like that. |
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Bedrock of the Community
13014 Posts |
AH good old mint. Silver goes down price goes up. If theyre trying to get the ASEs into the price range of some of the other world coins like the Britannicas then they need to start limiting their production. Other wise people will just wait for the aftermarket price to go down
Edited by basebal21
12/24/2012 2:57 pm
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Pillar of the Community
United States
1200 Posts |
Someday, maybe they'll actually "catch on" and make their prices flexible and pinned to a given margin over spot (just like every online PM dealer in the entire internet). How's that for a wild and crazy idea?
Until that time, I guess they'll continue to lumber along like a farm tractor trying to keep up with the rest of the vehicles in the Le Mans Grand Prix.
@basebal21---The day they limit production to achieve Britannia-like price thresholds will be the day 99% of the serious silver stackers will drop ASEs off of their menu and refocus their concentration on CSMs,
Philharmonics, Libertads and bars. I think they're at an OK price point right now and I hope they're not dumb enough to blow the good position they now enjoy. I don't think anybody stacks Brits by the box or even tube.
Edited by Fat Freddy
12/24/2012 4:27 pm
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Bedrock of the Community
13014 Posts |
Quote:
@basebal21---The day they limit production to achieve Britannia-like price thresholds will be the day 99% of the serious silver stackers will drop ASEs off of their menu and refocus their concentration on CSMs,
Philharmonics, Libertads and bars. I think they're at an OK price point right now and I hope they're not dumb enough to blow the good position they now enjoy. I don't think anybody stacks Brits by the box or even tube. I didnt even think about the bullion ASEs. If they did the price increase for those two theyre going to see sales plummet. I dont really understand their logic behind this price increase other than they figure theyre going to be in the red next year. My guess is theyre raising the 5oz pucks to try and make them been seen more as a numismatic item and protect them and their prices if a significant decrease in silver happens. But I dont understand the ASE raise. It didnt just become more expensive to make those unless theyre trying to recoup loses from the 2012 set debacle |
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Pillar of the Community
United States
1817 Posts |
One answer: the lack of seigniorage from the president dollars ordered by the Fed this year. So the accountants saw the books and said, lets rob Peter to pay Paul...or kill the goose that laid the golden egg. It is 'just' $3 more per oz of silver product, but that is going to raise millions from the sheeple. I wonder when the tipping point is going to happen: the masses just say no.
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New Member
United States
11 Posts |
This is why I mainly buy silver rounds.
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Bedrock of the Community
United States
17884 Posts |
Quote:
Someday, maybe they'll actually "catch on" and make their prices flexible and pinned to a given margin over spot (just like every online PM dealer in the entire internet). How's that for a wild and crazy idea?[ or the bullion products they have always done that, for the ASE it's $2 over spot. Or are you saying the online PM dealers are selling the collector versions at a fixed mark up over spot? (Reverse proofs at spot + X) |
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Pillar of the Community
 United States
1254 Posts |
I think they jumped the gun on raising these prices before the new year even starts. I can see if they want to raise the proof ASEs price since they go on sale in a month (which still seems too early to me) but for the other silver they should at least wait until a little closer to the sale date. We all know if ag goes up they will raise the cost of the coins but if it goes down they probably will keep the same prices. Just seems like bad business to me.
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Pillar of the Community
United States
3755 Posts |
I think what you all are forgetting is that two weeks ago silver was up about 35.00 and is at 30.34 right now. The decision to raise the prices was likely made back then and took a while to percolate through the system. NOTHING in the government ever gets done right away, you know that. Plus, the price is not going to remain at 30, it will get back up. Not to mention the increase is NOT official and a whole 3 bucks. And the increases listed were NOT for the "bullion" issue, only the proof and uncirculated.
Based solely on the fact that the prices are not official yet, commentary at this point is really useless.
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Pillar of the Community
United States
950 Posts |
Last week I ordered a 2013 ASE for $29.99. They only had 250 at that price though. |
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Pillar of the Community
United States
1770 Posts |
horrible what they are doing with the 5 oz pucks sales are already lagging and they just want to keep raising the price I love those pucks I own every single one, but its just going to turn even more people off
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Pillar of the Community
Canada
3692 Posts |
I was under the impression that by law the US Mint had to keep ASE production to the same level as their demand. Can anybody quote a law that would confirm that? |
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Pillar of the Community
United States
4901 Posts |
Quote:Last week I ordered a 2013 ASE for $29.99. They only had 250 at that price though. Who was selling ASE's at below spot? The lowest silver went (spot price) was $29.90 At zero premium and probably below spot I would have bought all 250 at that price.... |
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Pillar of the Community
United States
3453 Posts |
Quote:
I own every single one, but its just going to turn even more people off M0nks, at least you have future value increase potential here!  |
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Replies: 25 / Views: 4,005 |
Posted 12/24/2012 2:14 pm
