Posted on 10/09/2020 2:51:19 PM PDT by Enlightened1
p>“Prices for products containing silver will change EFFECTIVE October 13, 2020…re-setting silver prices is necessary”…
(by Half Dollar) No inflation, huh?
The US Mint even says below, to “cover rising costs”.
Regardless, here’s a little dandy that the US Mint would probably like to keep as much under wraps as possible.
From just today:
From the Federal Register:
Here’s the PDF of the government’s entry in the register, and, specifically, the products that are affected.
And here’s the table from the PDF file:
That’s $67 for each uncirculated Silver Eagle?
Notice that while these coins are one step above, for example, a “tube of Eagles”, these are not necessarily coins that one may think of as “numismatic”.
I’d call them “semi-numismatic”, but hey, the US Mint is hiking prices by almost 25% on the uncirculated Silver Eagle alone, so the US Mint can’t really afford to cheap out now, can they?
The 5-ounce uncirculated ATB’s are on the list of price hikes too!
Yikes!
In other words, the factor that differentiates between “numismatic” and the standard, BU condition American Silver Eagle bullion coin is a US Mint presentation box and a Certificate of Authenticity.
Developing…
(Excerpt) Read more at silverdoctors.com ...
Can't help but wonder if this is part of the Global Reset.
Bkmrk
Buying and melting pennies and nickels is a better deal.
Silver spot today was around $24 so thats a pretty hefty markup.
Last I looked today silver is up $1.25 an ounce
Agree but the Silver and gold markets have been suppressed for about 10 years now.
The Canadian Maple Leaf has a better face value; buy them instead.
They are $30-$31 on the secondary market.
They are also .9999 pure versus .999 for American Eagles.
Spot price for silver right now is $25.14. You can’t impute a +$42 price hike on a single coin just because your expenses are going up.
I also don’t get where “these coins are one step above, for example, a “tube of Eagles””...
I’ve bought silver tubes of Eagles before and they are every bit as good as single uncirculated Silver Eagles.
I’ve got at least 100 sunshine silver mines boullion that I’ve had for many yrs...bought at $9.
Got about 30 Morgan Silver dollars that my Grandparents collected from the 20s. About 15 silver vases, pitchers, cups and a bunch of silverware.
Time to sell? And where?
Unemployed and feeling it.
I hold physical silver, and have for years, but I’m not 100% sure exactly what this story means for those currently holding coins, and future purchases of more of them. Anybody sum it up so even my old dome can understand it? Thanks in advance FReepers!
Home shopping networks were selling a new silver eagle in a slab for $90+ not long ago. Something about the design changing and these were the last?
Hat tip to Enlightened1, thanks. Very enlightening.
You can always pull the auction listing if silver starts to tank so you can avoid having to sell at a price you feel isn't appropriate.
First, search for your items on ebay, then using their 'SOLD/COMPLETED AUCTIONS' filter to see what those items have sold for recently.
Buy whatever has the lowest premium.
L
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