There's an interesting article on the MintNewsBlog. They list the silver value (and non-silver face value) of Proof and Mint sets (early sets) based on silver at $46.86/Oz. The 2009 Silver Proof sets we bought at $52/set are already up to $76/set...WooHoo!! :hail: :high5: :cheers: :jumping-jack: The 2010 and 2011 Silver Proof sets and Silver ATB Quarter sets are still "Temporarily Unavailable" from the Mint. I checked the Federal Register, but don't see any pricing updates, yet. EDIT: While viewing the Federal Register, I noticed that on 18Apr2011, the Mint announced their pricing for the Numismatic 2010 ATB 5 Oz coins ($279.95/each) which go on sale this Thursday. Wouldn't it be funny if silver rose to $56/Oz by Thursday and they had to suspend sales pending a price hike? :goof: EDIT: HOLY CANNOLI!! Forget about the chart I just posted...European markets just openned and silver is up another $1.25...$47.85...and climbing.
Ya know? The mint locked into their silver price a long time ago. Even with the rise in the markets they would still be making a respectable profit. Gouging? Maybe.......
I don't think that there's any possible way that the US Mint would miss the opportunity to sell a bunch more of them at say, a $15 price hike. The collectors get more sets, those that already bought get a little bonus, the Mint makes money... everyone wins some
Or they continue to sell them at their original price and sell out in a flash! I guess they'll eventually sell out anyway?
That would be amazing!! I've been wondering about the 2010 Silver proof sets, also. Current sales are a meager 561,472. Even before the suspension, they were only selling about 1,000/week. If prices go too high, who's gonna buy them? The Mint already announced the 2010 sets would go off sale by the end of 2011. That only leaves 44 more weeks (at most). Can you imagine if they sell less than 600,000 of these sets?! The 1999 sets sold 804,565 and their prices are still pretty high. Folks that bought the 2010 Silver Proof sets before the last price hike (@ $56.95/set) are sitting on a $12/set "paper" profit...and that's just the bullion/face value.
I assumed PM prices would rise on todays report that USD dropped to its lowest in three years. Once the NY market opens, I'm guessing $50 will come early on Monday. Will it hold? I don't know.
On the annual sets, the Mint will often raise the price and then put them back up for sale again. I've posted here several times to keep your eyes on these proof sets. (especially the one with just the quarters). The 2009 Silver Quarter Proof set, which had 6 quarters, sold for $29.05. You could still buy this set into late 2010. It's melt value is now $53.20. I posted here early last week to stock up on the 2011 Silver Proof Quarter set. Last week you could get it for $41.95, today its melt value is $44.33. Unfortunately they were taken off the market the same day. The 2010 set was originally sold for $32.95, repriced to $39.95, and is now worth $44.33. You could still get this set a couple of months ago. This is a set that went "temp. unavailable" for a while while it was repriced. Bullion investors often overlook these coins but they can be a bargain, and the terms for ordering from the mint are very good.
