Anyone have any opinions on if the US Mint might curtail mint and proof set production for the year if metal prices continue to escalate? Or is this year's production pretty much done or established?
They still make plenty of profit. The bullion value of clad mint and proof sets is pennies and $37.95 for the silver proof set it is still more than double the bullion value.
I should have been clearer. I thought they might cease production in order to save or hedge for next year, not because they might lose money. It stands to reason that the Mint will always charge whatever it takes to make profit. They can always melt down their production and use it again next year if it doesn't sell.
Why save or hedge? As you said they can charge what ever they need to to make a profit, this year,next year and every year.
