Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Free Money!
>
Reply to Thread
Message:
<p>[QUOTE="yakpoo, post: 1250282, member: 18157"]The "short answer" is you probably will be able to buy them from the Mint, but maybe not at the same price...but nothing is for certain either way...here's why.</p><p><br /></p><p>1. We don't know how many 2010 sets were produced. They can only be minted during the year inscribed on the coins so no more can be made. That means they could sell out at any time. However, as long as supplies last, they "should" remain on sale until 31Dec2011...but there's no guarantee.</p><p><br /></p><p>2. So, why are sales suspended? The price of the silver (1.33866 troy ounces plus the face value of the non-silver coins...$5.06) is approaching the $64.95 sales price. When this happens, the Mint increases their prices to keep up. Any price increase has to be published in the Federal Register...a process which can take 3-4 weeks to complete. When Silver shot up in April, the Mint suspended sales of both the 2010 and 2011 Silver Proof sets pending a price increase. However, during the two (2) weeks sales were suspended, the price of silver dropped back down so the Mint simply lifted the suspension without raising prices. </p><p><br /></p><p>3. So, if silver came back down in price before why won't it again? It might, but I doubt it. The increase in silver this time has been much more gradual and hasn't kept up with gold. That's probably because so many people got "burned" last time; they're scared to get back into silver. However, as gold continues to climb, we should see money start to trickle back into silver.</p><p><br /></p><p>My personal opinion (just my opinion...not fact) is that silver will continue to gently rise and both the 2010 and 2011 sets will be repriced to about $74.95/77.95 per set, respectively. Sales will resume after about three (3) weeks and we'll have roughly 15 more weeks to buy the products before they go off-sale on 31Dec2011 (although, I wouldn't be surprised to see the 2011 sets stay on sale until the 2012 sets go on sale...around the end of January).</p><p><br /></p><p>Low sales, higher prices, product suspensions, and a fixed sellout date (31Dec2011...for the 2010 sets, anyway) all suggest that the 2010 (and possibly the 2011) sets will have very low mintages. Again, this is just speculation...no guarantees.[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 1250282, member: 18157"]The "short answer" is you probably will be able to buy them from the Mint, but maybe not at the same price...but nothing is for certain either way...here's why. 1. We don't know how many 2010 sets were produced. They can only be minted during the year inscribed on the coins so no more can be made. That means they could sell out at any time. However, as long as supplies last, they "should" remain on sale until 31Dec2011...but there's no guarantee. 2. So, why are sales suspended? The price of the silver (1.33866 troy ounces plus the face value of the non-silver coins...$5.06) is approaching the $64.95 sales price. When this happens, the Mint increases their prices to keep up. Any price increase has to be published in the Federal Register...a process which can take 3-4 weeks to complete. When Silver shot up in April, the Mint suspended sales of both the 2010 and 2011 Silver Proof sets pending a price increase. However, during the two (2) weeks sales were suspended, the price of silver dropped back down so the Mint simply lifted the suspension without raising prices. 3. So, if silver came back down in price before why won't it again? It might, but I doubt it. The increase in silver this time has been much more gradual and hasn't kept up with gold. That's probably because so many people got "burned" last time; they're scared to get back into silver. However, as gold continues to climb, we should see money start to trickle back into silver. My personal opinion (just my opinion...not fact) is that silver will continue to gently rise and both the 2010 and 2011 sets will be repriced to about $74.95/77.95 per set, respectively. Sales will resume after about three (3) weeks and we'll have roughly 15 more weeks to buy the products before they go off-sale on 31Dec2011 (although, I wouldn't be surprised to see the 2011 sets stay on sale until the 2012 sets go on sale...around the end of January). Low sales, higher prices, product suspensions, and a fixed sellout date (31Dec2011...for the 2010 sets, anyway) all suggest that the 2010 (and possibly the 2011) sets will have very low mintages. Again, this is just speculation...no guarantees.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Free Money!
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...