Hyper-inflation has come to the United States Mint

The US Mint has raised prices on all items. The price increases are shocking. Here are a few examples.

Proof American Silver Eagle, was $95, now $173. An increase of 82%.
US Proof Set, was $40.25, now $107. An increase of 166%.
US Uncirculated Mint Set, was $33.25, now $124.50. An increase of 274%
Morgan Proof silver coins, was $95, now $173. An increase of 82%.
US Silver Proof Set, was $150, now $245. An increase of 63%.

The above are the 5 top selling items for 2025. All clad and silver items have price increases. I understand that the silver items need to move in step with the silver price, but I do not understand the large price increases for the non-precious metal items.

 

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End of the road for me and them.....at least till their stuff comes back down to earth. Till then I'll concentrate on after market values (if any materialize) and my classic commemoratives........

 

That's wild. The mint reminds me of how many thrift stores have gone. Instead of fair rates, they have gone completely greedy.

 

I haven’t bought from them in years due to over inflated prices. The mint raises their prices more than the government raises my social security income. And they still tax me in that as well.

 

I quit buying from them long ago. However I did look to see the price on the silver proof set because of our 250 year anniversary but quickly decided I can do without... $245.. ouch!

 

I can take a dealer tacking on an extra $35 on a (50 cent) commem I'm buying but I choke at the thought of paying hundreds more on mint products this year. My collecting endeavor has drastically shifted away from moderns. It's a hard decision to make but the Mint has now just outpriced themselves in my estimation.

 

I heard a suggestion that maybe they are short on silver and have raised prices so high in hopes to slow down the buying. Apmex won't accept an order below $500 now.

 

Haha, I’ve spent less than $500 at Ampex.

 

Wow - I can see for the silver sets - but why the other sets .... the uncirculated sets ???? 124.50 ...sounds like Greed !!!!

 

It's not hyperinflation as that term is defined.

The last time the mint set prices, silver was below $30/oz. They have had long term contracts and hedged against silver price increases. With silver now 3x or even 4x what they used to pay, it's no surprise that prices have increased.

Is it an absurd surcharge over melt? Yep. But it's always been so.

 

Agreed, it looks like silver is up something close to 200% from this time last year, so the silver increases are understandable, the customary premium over spot not withstanding.

The regular proof and uncirculated set increases are unfortunate, though. I'm sure a lot of collectors hoping to get the semiquincentennial coins are going to be disappointed.

 

Yes, they've been at this for a long time. They charged $10 for the 1971-S proof Ike dollar. It contained about fifty cents worth of silver at the time. 20x the bullion value. (I'm not defending the recent increases, just saying)

 

I went back through my mint purchases. I last purchased the silver proof set in 2020 right before the price hike. I paid $63.25 for the set. The price then went up to $150. Now it went up to $245. Close to the same price hike as in 2020. It looks high because silver is high. And it's the Mint.

The clad coinage pricing is absurd. That sure looks like they are trying to capitalize on the 250 hoopla. And maybe that cent coin also.

 

Last year for me. Only because of the 250th anniversary.

 

I was still a pretty enthusiastic YN during the Bicentennial. Out of loyalty to my younger self, I might still cave in and buy some of the 250th stuff. I can't imagine it will become a rarity; too many people want it for this occasion, even with these extortionate prices, and even with <gestures around at just everything>.

Now, if they leave these prices in place for 2027 sets, I envision sales falling off a cliff into a previously-unnoticed mine shaft...

 

Well, look at it this way - in 100 years, when you look back at the purchase price, it will seem crazy cheap.

 

Well, I'm pretty sure that in a hundred years I won't be worrying about how much I overpaid.

 

That's what they all say!

 

Good grief...I know they have to adjust, but either they were way too low before losing $$$...or they overshot bigtime now.

I bought a 2024-S PR-70 DCAM Morgan at FUN 2026 for $140....now raw, ungraded, it's $173 ??!!!

 

Neither.

They had signed contracts to hedge the price of silver. Probably paid a little bit more than spot price of silver was in the $25-$30 range. And they were able to ride that pony until it died.

Now they have to sign new hedging contracts which will lock them into a bit more than current spot price or they have to buy at spot.

Either way, the silver -- which is a large part of their COGS -- is going to cost them a lot more.

I'm sure they're thinking that an 82% price increase when they're raw materials costing 300% more is actually restrained and proportionate.

It's the price increase on the other non-precious metal sets where I think they've lost their mind.

But there's a long history of the mint refusing to understand the market they operate in and deluding themselves. Recall they blamed the shortage of silver coins in 1964 on collectors instead of the fact that the value of silver was pushing up against the face value of the coins.