An October 8, 2020 tweet by the United States Mint announced price increases for its silver numismatic products.
The United States Mint recently adopted a new strategy for pricing products in its silver numismatic products portfolio. Prices for products containing silver will change EFFECTIVE October 13, 2020—applicable to silver products already on sale/those yet to be released.
Followed by additional tweets with an explanation for the increase.
In order for the United States Mint to cover rising costs, meet its fiduciary responsibility to operate at no net cost to taxpayers, and return money to the Treasury General Fund, re-setting silver prices is necessary. The Mint’s goal, as a financially responsible Federal agency, is to always provide the best quality numismatic products while maintaining fair prices. The first objective is to ensure that the numismatic portfolio (all product lines together) be self-sufficient and cover all associated costs. The new silver prices reflect a sound business decision aimed at meeting these obligations. (No tax dollars are used to fund numismatic operations.) The United States Mint will continue to look for operations optimization and cost reduction efforts to deliver superior quality numismatic products at a fair price.
An October 8, 2020 notice by the United States Mint in the Federal Register announcing the increases specifically identifies the products that are affected.
|Product||2020 Retail price|
|Presidential Silver Medals||$65.00|
|America the Beautiful Quarters Silver Proof Set||$60.00|
|American Eagle One Ounce Silver Proof Coin||$73.00|
|American Eagle One Ounce Silver Uncirculated Coin||$67.00|
|American Eagle One Ounce Silver Proof Coins—Bulk Pack||$2,920.00|
|American Eagle One Ounce Silver Uncirculated Coin—Bulk Pack||$2,680.00|
|Limited Edition Silver Proof Set||$201.00|
|Silver Proof Set||$105.00|
|America the Beautiful Five Ounce Silver Uncirculated Coin||$229.00|
|End of World War II 75th Anniversary American Eagle Silver Proof Coin||$83.00|
|End of World War II 75th Anniversary One Ounce Silver Medal||$75.00|
|2019 America the Beautiful Quarters Silver Proof Set||$60.00|
|2019 American Liberty High Relief Silver Medal||$175.00|
|2019 Congratulations Set||$75.00|
|2019 Silver Proof Set||$105.00|