As the price of silver has increased to over $35/ounze, the mint is currently re-pricing silver coins. http://www.coinnews.net/2012/02/24/us-mint-halts-sales-of-silver-numismatic-products-for-repricing/
I am not surprised. I do not know of any specific silver pricing grid used, but $5 thresholds such as $30 and $35 seems to lead to repricing. If prices do increase, this will likely impact 5 ounce silver puck sales and perhaps keep mintages low. TC
Sometimes, I wonder if the mint knows something about the direction of the silver market that the rest of us don't know. Could it be heading for $40/ounze? Election year easy money may lead to inflation and higher silver prices. The issues in Greece could lead to a depressed market and lower silver prices. I'm betting on the mint knowing the outcome. I think silver will hit $40 by Memorial Day. I'll also bet a million dollars that the world is still around on 22 December
Strange but they're only repricing the .9999 fine silver and not the 90%. I hope they don't do the silver commems before the next one gets released on the 5th.
The coin contains about 3/4 of an ounce of silver. At the introductory price of $44.95 for a BU version (this is the least expensive alternative), that equals about $60.00 an ounce of silver. Of course, there is a $10.00 donation built into the price of the coin. If we factor out the donation amount, that results in about a $46.00 an ounce of silver equivalent. Looking at the pucks that are being repriced, if we assume they will go back to the $229.95 level they had before the last downward repricing, that also equals about $46.00 an ounce. Given this, I would think the current pricing for the commemorative coin will hold and not be adjusted. We will know soon. I would bet against an upward adjustment in the commemorative though.
