US Mint To Lower Silver Numismatic Product Prices | Silver Coins

US Mint To Lower Silver Numismatic Product Prices

2013 Silver EagleThe United States Mint will quickly reduce the prices for a lot of silver numismatic goods according to a document scheduled to be published in the Federal Register tomorrow.

Two weeks ago following the market place price of silver dropped under the $ 20 per ounce level, I had raised the possibility of a price decrease for silver numismatic merchandise. Shortly thereafter, the US Mint had confirmed that a cost adjustment was getting considered. At the time I had suggested that collectors may well want to hold off on buying the products which would most most likely be impacted.

According to the publication, value decreases will take place for virtually all silver numismatic products, including these containing American Silver Eagles, the America the Stunning 5 Ounce Silver Uncirculated Coins, and annual sets containing 90% silver coins. The only silver products which will not see a lower are the 2013 silver commemorative coins.

The table under shows the current prices, the new costs, and the adjust. The alterations basically reflect a reduction in price tag of $ five for each and every ounce of silver content and will become powerful on July 11, 2013 at 12:00 Noon ET.

Old Price tagNew PriceModify
2013 Silver Proof Set60.9553.95-7.00
2012 &amp 2013 ATB Quarter Silver Proof Sets36.9531.95-5.00
2013 Annual Unc Dollar Coin Set49.9544.95-five.00
2012 Producing American History Set72.9567.95-five.00
2013 Congratulations Set59.9554.95-five.00
2013 Proof Silver Eagle57.9552.95-five.00
2013 Uncirculated Silver Eagle48.9543.95-five.00
2013 ATB Uncirculated Coins179.95154.95-25.00

The new value of $ 52.95 for the person Proof Silver Eagle will represent the lowest price tag for the well-known providing because late given that late 2010 when the coins have been provided at $ 45.95 each and every. The highest price for the providing was $ 68.95, which was briefly in location in September 2011.

The America the Stunning 5 Ounce Silver Coins will be obtainable for their lowest cost in the history of the supplying. When the 1st coins of the series had been released in 2011, they were priced at $ 279.95 every. Other costs effective because that time have included $ 229.95, $ 204.95, and $ 179.95.

At $ 52.95, the full annual Silver Proof Set is lowered to its lowest cost level because 2009. That year, the 18-coin set had been presented at $ 52.95. The highest cost for the providing was $ 67.95, which actually remained efficient until May 2013.

Although the most current price tag adjustment was being regarded, the US Mint delayed the release of the Wonderful Basin Five Ounce Silver Uncirculated Coins. However, the Mint has continued to accept orders for the remaining items which will quickly see their costs decreased.

When the US Mint lowered the costs for numismatic Silver Eagles and ATB 5 Ounce Silver Coins in April, they had suspended sales even though the value modify was getting implemented. A separate price reduce for annual sets containing silver coins which took place in Might was not preceded by a sales suspension.

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