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.
