Earlier this year, the Mint suspended sales on its 5-ounce "pucks" in order to reprice them upwards. A few days later, they ended up resuming sales on the coins with absolutely no change in price due the the downward movement of silver. The result was lost sales on these items during the days sales on them were suspended. A few days ago, the Mint again suspended sales on the "pucks" and silver has hovered around the same range since then. Once again, the Mint has been losing sales revenue on these items due to its action. 2 questions: will we see the same thing happen twice in a row? and what the hades are they thinking at that place?
They should just reduce the price of them to $199.95 and sell them out. They will still make a very nice profit. TC
They don't care, they love to take inventory. They still have lots of 2011 stuff that's sitting on the shelf collecting dust.
They probably have no choice. They have regulations they have to follow for pricing that depend on the average price of the metal. When the average goes up enough they have to pull them for repricing but if the metals then hold or start trending back down the average will drop and they end up keeping the price or lowering it.
The Mint just raised the price of the pucks by $25.00. Be prepared for a huge spike in sales now. They must have somebody employed there who really enjoys dusting off those things.
Yeah, it's a real stinker for collectors, but at least it helps keep the mintage lower, by holding off some who are looking at just the margins to flip. It is what it is. I feel ya pain, Tree, as I was looking forward to ordering HI and Denali...now I'm thinking wait to see how paychecks look in 2013. Indicative of the overall US economy, if ya ask me. Guys sitting on cash, watching imminent inflation and tax horror on the horizon, don't feel like plunking down on over-priced non-essentials. Argh.
Why don't they just have a system that updates prices daily based on spot price? Or even just update immediately when they feel the need to change price? Taking time off selling makes no sense in this day and age.
