Just received my shipping confirmation from the U.S. Mint for my ATB Silver Proof Sets . Looks as if I bought these at $2.00 over spot . Not to bad.
Still new to this and was planning on order a set from the mint. Question does the US mint raise prices to follow the price of silver or are prices set?
As of 12:33 pm today the silver price on Kitco was $39.06. I also look at the crude price and the usd. Dean 295
So the price of items this week is set, next week prices will be adjusted up if necessary based on price of silver.
I am pretty excited about it! The fact is I only started buying silver last year when it was around $14. I thought at the time I was a little too late, but I spent a small fortune on it. So I couldn't be happier. Let me know when its going to plummet so I can sell. Thanks!
Just ordered a set as well. Have the first set as well. These are much more beautiful than the statehood quarters IMO.
How do you figure $2.00 over spot? With Silver at $39.29, I show each quarter at $7.116 each which translates into $35.58 per 5 coin set which the US Mint is selling at $39.95 plus $4.95 shipping. You'd have to order 99 sets to get the price right at the $40.00 mark which is $4.42 over "spot".
I thought they adjusted gold prices on a weekly basis, but not silver prices? At least, gold and platinum are the only metals I see in the pricing grid.
Given the volitility of the Silver Market and the fact that they've adjusted prices in the past, I don't see why silver would not be included at some future point.
The cost of the Silver Proof Set is 41.95 . We are looking at this from two different perspectives. I completely agree with your breakdown though , factoring the actual silver content is the correct way to look at it.
I don't, either -- but it's apparently not their policy now, despite earlier statements in the thread. They raised the price of 2010 silver proof sets a week or two ago, but it doesn't look like there's a scheduled weekly adjustment for silver as there is for gold and platinum.
I started much earlier at around $4.75/oz, but it doesn't seem like such a big difference from $14 up at the current lofty heights. This is what I've been telling people for a long time. When I organized a large bulk purchase among several friends and family last year at $17, I told them it won't matter if we buy at $16, $17, or $18. These differences will seem insignificant when the price goes to $40, $60, or $100. I agree that you won't see $14 again in your lifetime. The current support on the exponential trend line is around $25. It advances to $30 by the end of 2011 and $60 by the end of 2012. I do think we will see an intermediate top sometime later this spring in the $45-$50 range. I wouldn't unload any physical at that level, but if you're trading ETFs, stocks, or options, I would lighten up at that point and buy again during the summer when they drop back to their trend lines.
