This is going to hit wallets like a tsunami. The presidential medals which have been $90 for years just went up to $164 a piece. The regular silver proof set is going up to $245. The 1 oz comic art medals $200 each. This will have an upward effect on everything. Remember a few years back we were talking about ASEs getting to $100 soon. Looks like they blew past that threshold and will be $200 soon.
No doubt for done collectors it will. You can almost buy 2 ounces of generic rounds or bars at that price.
To be fair... silver went from $30/oz this time last year to $91/oz today..... there has always been a huge premium for this stuff, they're just adjusting to the new market and anticipating a continued rise so they don't have to keep re-pricing it.
Yep, same two words for me! I don't collect Proofs so I'm in the clear, besides the US Mint can kick rocks!
…I mean, I get it…adjusting prices has to happen thanks to silver’s rocket ship ride. But previous price hikes turned me away before the current silver streak, and I sympathize with all collectors who now feel doors slamming in their faces.
I agree. I have the sets up to last year, but the price was already ridiculous, so I guess I'm done. I wonder if I shouldn't get the '26 though, just for the cents, and then cancel after this year.
And what will they do if the price of silver 'tanks'? Will they be quick to respond with a price reduction? I doubt it. I'm placing a moratorium on mint products this year. I have to tighten the belt and not get buggered by the blasted's.....
And if everyone is (rightly) ticked off by this ridiculous pricing, and hardly anyone buys - boom, a new rarity! Here, I'll help make that happen.
I saw the on TV NGC PR70DCAM First day or some such label for only $299.95 and of course if you 3 or 5 they drop the price a little. I buy one for each of my 4 grandchildren each year. Oh my., this will be their 20the one.
Dang! I only have in my subscriptions a unc. mint set and a proof set just so I could get all 3 pennies which they stop minting in 2025 LOL
I get it, but why did the uncirculated mint set, which has no silver in it, go up to a whopping $124. Also the regular proof set jumped to $107. This is just crazy. Mike.
In the business I'm in, price increases are usually around 5-6%. There were 2 last year and another one scheduled for the end of January. Inflation cometh... prepare accordingly.
Many people will buy mint products hoping that with less people buying the mintages are low so they can cash in the future.
I haven't bought a Silver Proof Set since 2017. $50.00 was my limit. Now $200.00 more is insane. What if silver crashes in the future? Not worth the risk to me.
That's what I was wondering because it's so volatile even if it drops back to say $70, the new prices will be even more outrageous. Bet they don't budge. They must expect silver to go over $100 this year, just based on the Asian markets alone. Bad year for a huge price jump. We'll see how much the dealers and the public can take. The shopping sprees in the past are over. If you can buy a silver proof set and one ASE of your liking, you'll be in a fortunate class. We'll have to learn to enjoy less or nothing at all. People expected 70 quality before. You know the quality will continue to be a crap shoot. The mints always been multiples of spot so I suppose it shouldn't come as a shock. Imagine even the 2026 Christmas, clad coin ornaments will go from $36 to $80 as well. It's a new era. My prediction: I think people will get used to the new prices and it'll be business as usual. I'm not for or against it, I just foresee it happening.
I stopped my mint purchases back in 2020 and ended my albums accordingly. Now would be a great time for a lot of folks to go back and look over non silver collections. Shield nickels, Buffalo nickels, Nickel 3 cent pieces, 2 Cents, etc. Upgrading Indian cents large and 1/2 cents. Mint stuff is just stuff and most, except at this point, will almost always be a losing financial proposition. I would even suggest your local B & M shop for used albums as prices for those skyrocketed after the pandemic and production got back online. Maybe try some token collecting? So many options.
