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US Mint Price Increase Notice

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kurdlezuit's Avatar
United States
1034 Posts
 Posted 07/02/2024  3:44 pm Show Profile   Bookmark this topic Add kurdlezuit to your friends list Get a Link to this Message Number of Subscribers
"Due to the rise of the spot price of silver and other costs, the United States Mint is raising prices on all numismatic silver products effective July 9, 2024, except for our commemorative coin program products.

As a loyal customer, we wanted to notify you this will impact the price of any subscriptions you have for the Morgan or Peace Silver Dollar Uncirculated Coins which go on sale July 11, 2024. On July 11, the Morgan and Peace Silver Dollar Uncirculated Coins will go on sale for $91.00."
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ChicagoCoinGuy's Avatar
United States
187 Posts
 Posted 07/02/2024  3:48 pm  Show Profile   Bookmark this reply Add ChicagoCoinGuy to your friends list Get a Link to this Reply
I just got it also. Time to go in and drop my qty count from 3 to 2 on these upcoming releases. It's quite a price jump.
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jbuck's Avatar
United States
187702 Posts
 Posted 07/02/2024  3:49 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Yikes!

I expect to get the same email in the middle of the night. I seem to be further down the email blast list.
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kurdlezuit's Avatar
United States
1034 Posts
 Posted 07/02/2024  3:51 pm  Show Profile   Bookmark this reply Add kurdlezuit to your friends list Get a Link to this Reply
It is quite a hike.
I wonder how much the gold coins went up.
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ericgreen's Avatar
United States
1509 Posts
 Posted 07/02/2024  4:04 pm  Show Profile   Bookmark this reply Add ericgreen to your friends list Get a Link to this Reply
Wow! A $15 price hike just days before the release. That solidifies my decision to not get any this year.
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jbuck's Avatar
United States
187702 Posts
 Posted 07/02/2024  4:16 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Yes, it is a good thing I have the ones I wanted for my type set.
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Morgans Dad's Avatar
United States
5604 Posts
 Posted 07/02/2024  4:28 pm  Show Profile   Bookmark this reply Add Morgans Dad to your friends list Get a Link to this Reply
We The Coin Collecting Community need to Decide, Are the Past Anniversary Editions Really " Collectibles "., At The Above Stated Prices?

Another View, Those of US that Collected MORGANS and PEACE Silver Dollars Have Enjoyed the " 100 TH Anniversary ( 1921,- 2021, the Last year of the Morgan and The First Year of The Peace ). Then The Real Greed Kicked In......

Not an 100TH Anniversary Anymore,( unless talking about the Peace dollar series 1921, 22, 23, 24, 25, 26, 27, 28, 34,35 ) But they Still Print what SELLS .....

I personally Collected the 2021's and ALL to Date, Seriously Not Enjoying be Gouged After Starting The " Anniversary Series.. ".......

Seriously Disappointed, Selling GOLD for $ 3200.00 an ounce is NOT enough...Spot Today is $2330.00 an ounce !!!Over $700.00 per Coin profit !!
Edited by Morgans Dad
07/02/2024 4:29 pm
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jbuck's Avatar
United States
187702 Posts
 Posted 07/02/2024  4:30 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
They will keep selling them—at any price they want—as long as people keep buying them. This is a fact.
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CelticKnot's Avatar
United States
12813 Posts
 Posted 07/02/2024  4:38 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
Was considering cancelling my Morgan and Peace subscriptions anyway. This solidifies that decision.

MAY still keep the 2-coin RP set subscription but probably not.

Will see about the annual silver set next year.

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Dearborn's Avatar
United States
94786 Posts
 Posted 07/02/2024  4:46 pm  Show Profile   Bookmark this reply Add Dearborn to your friends list Get a Link to this Reply
I got that notice also!
What was the price before the increase? (I forget)..
I went and looked at last years - they were at $80.00, so an additional $11.00 increase (Did silver go up that much in a year?)
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CelticKnot's Avatar
United States
12813 Posts
 Posted 07/02/2024  4:46 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
...and cancelled.

For those wondering, the uncirculated Peace and Morgan coins last year were $76. Yes, that's a $15 price hike. Proofs were $80 so if the math is the same, they'll be $95.

Edited by CelticKnot
07/02/2024 4:50 pm
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westernsky's Avatar
United States
7613 Posts
 Posted 07/02/2024  4:47 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
I just killed ALL my mint subscriptions. No mas, enough is enough!
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jbuck's Avatar
United States
187702 Posts
 Posted 07/02/2024  4:48 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
MAY still keep the 2-coin RP set subscription but probably not.
I contemplated keeping this one going, but I eventually canceled the subscription. One set was all I really wanted and the reason why I did the subscription in the first place was to make sure I got one.
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CelticKnot's Avatar
United States
12813 Posts
 Posted 07/02/2024  4:48 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply

Quote:
I went and looked at last years - they were at $80.00

Proofs were $80, Uncirculated were $76.
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jbuck's Avatar
United States
187702 Posts
 Posted 07/02/2024  4:52 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply


This topic has prompted me to login and confirm those subscriptions were still inactive.
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Dearborn's Avatar
United States
94786 Posts
 Posted 07/02/2024  4:57 pm  Show Profile   Bookmark this reply Add Dearborn to your friends list Get a Link to this Reply
So after browsing the Mint web site, I got an invite to fill out the survey (which I did)
I clicked all the buttons, but for the free forms part I added the following:

MINT:
25: If you could suggest one change to improve the U.S. Mint website, what recommendation would you make?

My Answer:
Add to the survey concerning the prices or your products.
(I'll be canceling my subscriptions for the new Morgan/Peace dollars due to the price increase.)

MINT:
26: Any new product ideas that you would purchase for yourself or as a gift for someone else, that the U.S. Mint should consider for the future?

My Answer:
Don't bother - you would probably charge too much anyway...
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