Wednesday, November 16, 2011

US Mint Ends Numismatic Silver Product Suspensions, Gold Coin Prices Reduced

2011 American Eagle Silver Uncirculated Coin

The United States Mint has ended the sales suspensions for its numismatic silver product offerings. The coins were made available Friday, October 7, and the silver sets returned earlier in the week. The difference was the coins came back with lower prices while the price of the sets were the same.

The eight items that were temporarily suspended on Monday, September 26, 2011 and are now available are listed below with their current prices.

US Mint Numismatic Silver Products2011 American Eagle Silver Uncirculated Coin 2011 American Eagle Silver Proof Coin 2011 Gettysburg National Military Park ATB Five Ounce Silver Uncirculated Coin 2010 Mount Hood National Forest ATB Five Ounce Silver Uncirculated Coin 2011 America The Beautiful Quarters Silver Proof Set™ 2010 America The Beautiful Quarters Silver Proof Set™ 2011 U.S. Mint Silver Proof Set 2010 U.S. Mint Silver Proof Set

The collector silver coins' lower prices are attributed to the lower price of silver in the precious metals market. After its price tumbled to $28.16 an ounce in the London Fix on September 26, it has not recovered to its previous level in the $40 range. In fact, the highest it has reached since then was $33.50 on September 27. Friday's silver price was $31.80.

Prices also dropped for numismatic gold product coins on Wednesday, October 5. The United States Mint uses a published price grid for its gold products and regularly makes adjustments as needed each Wednesday. This week the market price of gold was down, again, so the Mint decreased prices accordingly. The following changes were made below.

US Mint Numismatic Gold ProductsUncirculated First Spouse Coins

The available proof and uncirculated versions of the First Spouse Coins feature Lucy Hayes, Julia Grant and Eliza Johnson. The proof honoring Mary Todd Lincoln is also for sale. The Lincoln uncirculated version sold out a few months earlier.

Additionally, the proof American Platinum Eagle had its price reduced by $100 from $1,892.00 to $1,792.00, also because platnum prices fell.

A few of the items listed above were recently given a cut-off date in the US Mint's Last Opportunity Sale. They include the Mary Todd Lincoln Proof First Spouse Coin, the 2010 Silver Proof Set, and the 2010 America the Beautiful Quarters Silver Proof Set.

Check out this site's coins section for more information on the above United States Mint product offerings, or visit the bureau's website at http://www.usmint.gov/.

Related posts:

US Mint Collector Gold Coins and Silver Set Suspensions ReturnUS Mint Numismatic Silver Product Prices RaisedTagged as: Gold Coins, United States Mint


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