US Mint hiking prices for 2020

Well, here we go again. The US Mint is hiking the prices of their already overpriced products for 2020. Here are some examples:
American Eagle 1 Ounce Silver Proof Coin $55.95 > $64.50
Congratulations Set $56.95 > $65.50
America the Beautiful Quarters Proof Set $15.95 > $18.50
America the Beautiful Quarters® Program $46.95 > $49.25 3-roll set

I guess the Mint decided it just has way too many customers. This price hike ought to do the trick. I know I'll be cutting back on my purchases, significantly.

 

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Fortunately I've already grown accustomed to being a severely reduced mint purchaser. This just solidifies my decision years ago.

 

I've already cancelled all my enrollments at the US Mint and will not buy directly from them anymore. In a few years, if the trend continues, prices will be lower than the mint's original cost.

 

The last time I bought anything from the US Mint was 2008. 2008-W Burnished SAE's were $31.95. ~ Chris

 

Inflation and increased materials cost (silver's going up again). Nothing sinister going on here.

 

Same here

 

I haven't bought anything since the gold Merc severely disappointed me with its level of detail and strike quality.

 

In other words, the hit that mint buyers take when they sell just got bigger.

 

"In a few years, if the trend continues"? My impression is that nearly all Mint issues become available in the secondary market lower than the issue price. The only exceptions are rarities/high-demand items and bullion products in a rising-price environment.

Of course, long-term inflation reduces the buying power of nominal dollars; eventually the "metal value" (in nominal dollars) of today's clad coins and Zincolns will be more than their issue prices.

 

It's such a shame, the quality goes down and the price goes up!

 

Been quite a spell for me ordering direct from the mint as well, probably around this same time.

 

I can't remember the last time I ordered something strictly for myself -- probably at least 10 years ago. I've bought stuff recently to flip when that play is on the table. In some cases where I could order multiples of an item, the result was I got to keep one of them for free.

 

I'll buy the few items I still order. As for anything else, let someone else buy it, then they'll sell it and I can buy in my LCS for less that the Mints price.

 

For me, it was the 2008-W Burnished SAE with the 2007 Reverse, "U" of UNITED. I ordered a bunch of them, but no luck. I still have them. ~ Chris

 

Only buy birthyear stuff for my kids. Got everything I needed with the 2019-S Reverse Proof Eagle last year. Nothing else will be bought from the mint.

It was funny though, last week I got an email from them saying congratulations on getting free shipping for 2020. Only to be followed up by an email that says nope, nevermind you don't qualify. We made a mistake.

That last bit sums up my opinion on the mint.

 

Like buying stamps (not that I ever have) from the USPS.... Flood the market with crap! There's gotta be a new stamp for everyday of the year!

Or like buying a car. How much did you just lose by driving it off the lot?

 

I think you mean USPS, I've never bought stamps from UPS!

 

Oooops! Yes, thanks for that! SORRY UPS!!!

 

Last time I had to buy stamps for the like 3 letters I send a year, they had Hot Wheels stamps. You better believe I bought those!

 

Actually you can buy postage stamps from UPS, at the grocery store, Wal-Mart or several other places.