"LandepNews"
A notice on each page reads: “This product is temporarily unavailable for product repricing.”
The suspension follows a sharp drop in the market price of silver, which brought the price from more than $40 per ounce to less than $30 per ounce in the course of three trading days. Prices have rebounded a bit from today’s low and silver is now at $30.45.
When last available, the numismatic ATB coins were priced at $279.95 each, the 2011 Proof Silver Eagle was $68.45, and the 2011-W Uncirculated Silver Eagle was $60.45. In each case, the prices seem to have been established when the market price of silver was above $40 per ounce.
The 2011 Proof Silver Eagle only recently underwent a price increase at the end of the month in August. The price was raised from $59.95 to $68.45, following an increase in the price of silver by about $5 per ounce. Since the US Mint was willing to adjust higher for an increase to this extent, it only seems fair that they should reduce prices for an even larger decline in the price of silver.
The 2011-P Gettysburg ATB Five Ounce Silver Uncirculated Coins went on sale September 22, 2011, just the price of silver started to fall. Any collectors who placed their orders during the opening days should still have the ability to cancel, so it would probably make sense for the US Mint to offer a retroactive pricing adjustment. However, I don’t think they have ever done something like that in the past.
Update: The 2010 and 2011 Silver Proof Sets and America the Beautiful Quarter Silver Proof Sets are also suspended for repricing. These products, in particular the 2010 sets, had been suspended multiple times when the price of silver rose too high.
Update 2: The opening sales figures for the Gettysburg 5 oz. Silver Coins are 9,549. View the full sales report on Coin Update.
I will provide additional information on the suspension and pricing for these products as soon as it becomes available.
Thank's for link:
No comments:
Post a Comment