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<p>[QUOTE=&quot;Nate, post: 1184070, member: 31115&quot;]I&#039;m no expert on how the Mint&#039;s operations work, but my opinion is this:&nbsp; the Mint does reprice silver bullion sales (SAEs and the 5 oz. ATBs) according to market price.&nbsp; But remember that the Mint only sells bullion to its Authorized Purchaser network.</p><p>&nbsp;</p><p>The numismatic products are sold directly to retail buyers like us.&nbsp; For numismatic products, their repricing is much more cumbersome.&nbsp; The gold products follow a published repricing policy.&nbsp; For silver, no policy exists.&nbsp; From what I read, when they want to change the prices of silver products they have to register the new price with the Federal Register.&nbsp; This process is cumbersome and can take days/weeks.&nbsp; Last time silver prices rose they suspended sales of the silver proof sets and instead of repricing them, the Mint just waited until prices settled back down to the &lt;$40 level before putting the items back up for sale.</p><p>&nbsp;</p><p>That said, this system seems pretty terrible.&nbsp; At the very least, I think they&#039;ll have to come up with a silver pricing policy.&nbsp; Its rise in price and demand certainly warrants a clearer policy on Mint pricing for numismatic silver.&nbsp; At the moment it feels pretty arbitrary since they haven&#039;t articulated a clear strategy/formula.[/QUOTE]</p><p><br /></p>

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