2011 Proof Silver Eagle @ $59.95 - Too much?

The Mint sent out an email to those with a subscription order for the 2011 ASE Proof coins that the price will be $59.95 and a limit of 100 per household.

Is a $20+ Premium too much for a Proof version of the Bullion coin?

@$64.95 delivered I'm starting to wonder if I really want my subscription coin.

What are your thoughts?

What are you doing?

 

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Last year they were sold for $49.95 while silver was $25ish. An online dealer I order from a lot is selling them for $100

 

I didn't get that e-mail......

 

I have been buying Proof Silver Eagles since 1988. I prefer the Proof eye apeal, so I am willing to pay for it. So I think they will always be worth more in the long run.

 

I also got the email reminder today because I too have Proof ASE subscriptions. Yes, it's a lot more this year, but I'm buying for my collection so that's my justification. I'll be buying a few and probably sending a few back due to haze (wash residue), marks or problems I find on some of the examples they send me. The return shipping cost will add a few more dollars to my overall cost of those coins I keep. It's the same old game but in the end the complete collection is worth it to me.

Soon after release certain dealers will be offering the same coins graded for even more than the Mint sells them, probably while one can still buy them in OGP from the Mint. To some those will be worth the initial offer price from a dealer.

2010 Proof ASEs in OGP are already selling for $65, less than a year since being released. I'm sure the recent dip in silver spot prices and the higher Mint offer price will dissuade some buyers, but that's nothing new. Many will eventually cave and buy one or more for their collections too.

The email also mentioned: "Due to the high volatility in the market price of silver, this price may be subject to change. We will notify you of a price change before processing your credit card. You may cancel your order at any time prior to processing."

More likely to rise than drop I'd bet. If the price drops too much they just will not be available for sale. The Mint's pricing of silver coins sold direct from the Mint is becoming more and more like the pricing of gold and platinum products.

 

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----- Original Message -----
From: "US Mint" <us_mint@usmint.gov>
Sent: Monday, June 06, 2011 6:34 PM
Subject: 2011 American Eagle Silver Proof Coin Subscription - Reminder


>
> Dear United States Mint Customer,
>
>
> The United States Mint will be processing your subscription order for
> the 2011 American Eagle Silver Proof Coin in approximately 4 weeks. Our
> records indicate you have the following subscription(s):
>
> 2 American Eagle Silver Proof Coin(s)
> >
>
> NOTE: As a result of the increase in the cost of silver, the 2011
> American Eagle Silver Proof Coin
> is priced at $59.95. There will be an initial order limit of 100 coins
> per household.
>
> Due to the high volatility in the market price of silver, this price
> may be subject to change. We will
> notify you of a price change before processing your credit card. You
> may cancel your order at any time prior to processing.
>
>
> We encourage you to keep your subscription accounts updated. Should you
> need to update your billing and shipping information, please sign in
> at
> http://catalog.usmint.gov/webapp/wcs/stores/servlet/LogonForm?storeId=10001&catalogId=10001
>
> Your user name .
>
> Thank you for shopping at the United States Mint.
>
> This message was sent from a notification-only e-mail address that
> cannot accept incoming e-mail messages. Please do not reply. Visit
> www.usmint.gov for more information.
>
>

 

American Eagle Silver Proof Coins

Adobe Acrobat Reader
Now in their 25th year of issue, the avidly collected American Eagle Silver Proof Coins are collector versions of the official United States Mint American Eagle Silver Bullion Coins and are only available in limited mintages in the one-ounce size. These popular silver collectibles are struck at the United States Mint, West Point, N.Y. The classic Walking Liberty design by Adolph A. Weinman featured on the coin’s obverse has long been a collector favorite.

Coin Specifications

Specification Name Specification Value
Condition: Proof
Composition: 99.9% silver
Edge: Reeded
Facility: West Point
Mint Mark: W

For investors, please click on the appropriate link for information on United States Mint American Eagle Bullion Coins or to locate a bullion coin dealer near you.

On-Sale: The United States Mint is currently scheduled to release the 2011 American Eagle Silver Proof Coins on June 30, 2011. Please continue to check our schedule product listing page for any additional updates.

 

Gosh, I feel really left out. I've had this subscription for years and no notification e-mail for me? I know it's Moy. He's still mad at me (even though he's gone).........

 

What evil lurks in the hearts of Moy... Muwah-ha ha ha...

Check your trash folder just in case it got spam-filtered. They may not have sent out all notifications on the same day, maybe you'll get one yet in the next day or so... they anticipate being released in about 4 weeks. So you still have time to set up your subscriptions if you get left out. 100 units per household is the starting minimum, they ain't gonna run out at these prices.

 

When I first saw this post I immediately went to my subscriptions page on the Mint site Chris. The subscription is still in force so hopefully (blows nose and wipes away a tear) I'll get an e-mail soon.......

 

And, I'm sure you'll have your 2011 Proof ASEs before I get mine delivered. :thumb:

 

cancelled subscription

 

Changed mine from 10 units to 5 units......

 

I got the email yesterday from the Mint and will still purchase the proof ASE at the $59.95 price tag. It is a beautiful coin and a must have for my collection. TC

 

Got my e-mail yesterday. Can't wait to get mine, it's a beautiful coin. I know the price is going up, but these days, what isn't?

 

I've been collecting them since 1986 so I can't stop now no matter what the price hits. Yes, I'm hooked. *sigh Hoping that the price drives aways those that buy them because they were affordable at one time. Looking for the lowest production levels since....ever. I can dream can't I?

 

Interesting enough the subscription price on the the web site still says $45 and change.

 

Wow, what ever happened to "we'll buy all you have at $3 over spot"? You'd think they had been expecting the price to soar then, and you'd think they're expecting the price to plummet now. In this one situation, I kind of hope their past performance is an indicator of future results...

 

I haven't been paying attention lately so I have to ask... Are the 2011 ASE uncirculated bullion types out of the question again this year?