Just had one of my stacking buddies call me and tell me this. Quick Google search turned up a pile of hits. Anyone have the lowdown?
I think "suspending silver sales" is a little shrill compared to "may be temporarily removed from sale". But bloggers and YouTubers don't get clicks and views by being calm.
For once it sounds like the mint doesn’t know what to do so just cut off your revenue until you can figure out a way to overcharge in the future.
In before the increase. Bought it right before Christmas. I saw no silver products for sale on the Mint website today.
The US mint had a display at FUN. I sat at a table and had lunch with a fellow that worked for the mint on Saturday and he said he didn’t have anything left to sell.
The issue that triggered it were the presidential medals. We had yet to get to them in 2026 product schedule but previous years were still avaiable and selling at $90/oz. People realized this yesterday and started buying them up. Then spot surpassed that price today and they panicked and shut it all down. I did also notice the four coin AGE set is now over $10k. Brace for the price updates. They don't know how to get ahead of it long enough at this rate so I'm guessing if they were well above spot before, prepare for even further of a cushion above spot now. I'm a little surprised their prices don't move with the markets automatically on the website. Maybe the problem would be if spot plummeted, they could stand to lose money on blanks purchased too high so thats not an option.
This means they have paused sales until they can determine the optimal price to charge us, thereby maximizing their profits.
IMO they should have a retained price if already minted. I for one would be happy to help relieve them of the product. Is there any congressional authority that says different?
Yep here's the video, or one of them! Pretty good video, check it out if you have time! the U.S. Mint sells all its bullion American Silver Eagles through its network of Authorized Purchasers (distributors) to the public, not directly, but they do sell their collector Proof and Uncirculated Silver Eagles directly to the public through their website. The key difference is Bullion (investor) vs. Proof/Uncirculated (collector) versions, with bullion going through dealers and proofs/uncirculateds sold by the Mint for a fixed price.
So, who is the current version of the Hunt brothers? If this follows the same pattern, silver will hit $150 and then plummet equally as hard back to $30.
That email from the US mint came out on Jan 12th I posted that email in the Anyone Buying ASE Silver Thread. Anyone Buying American Silver Eagles? | Coin Talk Total Text: Dear Valued Customer, To maintain transparency and a positive customer experience, we are reaching out to share an important update. Due to metals cost, pricing adjustments are being evaluated across all numismatic products. In addition, rapidly rising silver prices may result in silver numismatic products being temporarily removed from sale while pricing is updated. We are working expeditiously to update pricing in order to maintain product availability. However, we wanted to communicate in advance in case you notice changes on the United States Mint website. Once pricing has been updated, we will notify you. For the most current product pricing and availability information, please visit our product schedule at: https://www.usmint.gov/product-schedule/ Please note: Subscriptions are subject to pricing adjustments. Please review your active subscriptions and payment methods as needed. Thank you for your continued support of the United States Mint and its products.
