2013 West Point Silver Eagle Set Price & Release Date

The United States Mint has just revealed the pricing and ordering details for the 2013 American Eagle West Point Two-Coin Silver Set (S40).

enhanced-uncirculated

Each set will include one reverse proof Silver Eagle and one enhanced uncirculated Silver Eagle struck at the West Point Mint and bearing the “W” mint mark. There have been previous indications that both of these coins will remain exclusive to the special set.

The price for the two coin set will be $149.95. This is the same price that was charged for the 2012 San Francisco Silver Eagle Set, available from June 7, 2012 to July 5, 2012.

There is no stated mintage limit and no household limit imposed for the upcoming sets. Rather they will be available for ordering only during a four week window from May 9, 2013 at 12:00 Noon ET to June 5, 2013 at 5:00 PM ET. The sets will begin shipping in late June. Last year’s San Francisco Set was also offered during a four week window and reached final sales of 224,981.

reverse-proof

The product details for the 2013 West Point Silver Eagle Set make no mention of a specific anniversary being commemorated. Previously, there had been indications that the set was intended to mark the 75th anniversary of the West Point Mint or the 25th anniversary of the West Point facility gaining full mint status. Instead, the product description indicates that the set follows the Mint’s tradition of offering special American Eagle coin sets. This perhaps suggests that the special two coin sets will become a recurring annual event.

The pricing, release date, and other details were revealed on this preliminary product page on the US Mint’s website.

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Comments

  1. Shutter says

    The product details make no mention of a specific anniversary being

    It might be one year anniversary of having leftover two coin boxes.

  2. Shutter says

    Incidentally, I see no mention of daily sales update odometer like they had last year.

  3. Hidalgo says

    Gold fell by $72 – it is now $1500 per ounce. It keeps fallllllllling in price. Same is true for silver. It is now about $26 as of this writing. Hmmmm, if the US Mint waits another month, perhaps silver will be below $25 per once. The US Mint will probably lower the price for the set…. NOT!

  4. Mint News Blog says

    I noticed the lack of a sales odometer as well, but not sure if they might add this once sales begin. At any rate, we should have sales numbers in the regular weekly reports.

  5. Brad says

    Shutter,

    Hee hee, the Mint DOES like to recycle packaging, don’t they? 🙂

    I figure that this set’s performance will probably be similar to the 2012 San Francisco set, especially if the price of silver stays down during the time it’s offered for sale. While the price of the set didn’t go up from last year, the perceived value in relation to the silver price is lower. That, coupled with the San Francisco set’s relatively poor performance on the secondary market should serve to counteract the fact that both coins in the set are not supposed to appear in any other product option.

    The wild card is actually the fact that this set will contain the first appearance of a new finish. The SF set’s only real draw was that the coins had the “S” Mint mark, which was a first for the reverse proof finish and the first time in around 20 years it had appeared on a standard proof coin. This time though, the “enhanced” finish will be something we’ve not seen before, and will obviously be required for anyone who’s trying to build a complete set of all possible combinations of Silver Eagle Mint marks and finishes.

    If there is no counter, I wonder if the Mint intends not to reveal the number of sets sold until after they’ve all been shipped and the return period is expired? That could prevent the cancellation of thousands of sets like what happened last year. After it’s all over with, the Mint will say “Oh, by the way, we sold a million of ’em, suckers!” 🙂

  6. simon says

    Another unique and solid offering by the USMint at a highly competitive and affordable price ! I’m looking forward to getting my set and placing it next to my other anniversary sets in OGP.

  7. Kraw says

    If this set is only $149, they better lower the AtB price back to $205, I don’t see why they need to raise that and not this one.

  8. Kraw says

    Also another indicator that they plan to make this special ASE a regular thing is this statement in the description on the mint’s website:

    “Following our tradition of offering special, American Eagle coin sets..”

    More to come I guess…bring on the colorized bedazzled eagles next year! ugh

  9. Hidalgo says

    I think it would be really cool if the US Mint followed the ideas from the Royal Canadian Mint and Perth Mint.

    Make ASEs that are:

    Colorized
    Gold plated/gilded
    Ultra High Relief

    More options, more sales…. !

  10. Dan in Fla says

    That name is not too informative as you stated before. By the way what happened to the annual unc mint set? It has been moved to the TBD line awhile ago but it appeared in some ads that the U S Mint sent me with an order.

  11. says

    Hidalgo,

    I’m not sure about colorized or gilded ASEs, but I would love to see a high relief piece. High relief coins generally tend to have amazing quality artwork.

  12. simon says

    Just my 2c : The mint should always follow its own independent path and not be led by international mint products and styles. I, for one, would like to see more variations on the Liberty and Native American themes, perhaps based on allegorical motifs. The SSB dollar is a case in point, as is the 2012 NA$. These are coins which visually exude vitality and optimism, and are gems to behold. I would eschew any products with stark changes in design, with the exception perhaps of printing the flag in plain or holographic styles in RWB on a coin.

  13. BryScam says

    What I would love to see is a set that is just like the old Legacy and Prestige formats but each and every coin is a reverse proof. If they want a product that is for the colletor, this would be it!

  14. Two Cents says

    In upcoming years, might we see “S” and “P” mintmarked Enhanced Unc. & Reverse Proof Silver Eagle sets?

    As for the Unc. Mint Sets that were pulled from the regular schedule and is now TBA, I wonder if the Mint is thinking of including the “S” mintmarked circulating quarter in the set.

  15. T1 browserman says

    BULLSEYE on the price…$150…same spot price level as the SF sets last year.

    The 64K ? is how many months below $30 does it take to suspend .999 Ag?

    Going on 2 months 04/19….closed @ ~$27.5

  16. Ray says

    I will puke if they ever produce and sell colorized coins. They look horrid and I feel that it would disgrace the beautiful image and quality of the silver eagle. Even the black special finish of the coin in this set is really pushing it for me, but I accepted this months ago. I dont get the collectibility of colored coins. I’ll never buy one. They really need to mint a high relief silver eagle. Have there been any high relief silver eagles? All I know of is the gold 20th anniv high relief proof. Silver eagles with edge lettering and stars like the 2006 gold high relief eagle would be sweet. Man i really hope they dont make colorized coins.

  17. Don says

    Colorizing a coin, including a colorized silver eagle that may possibly be produced by the Mint in the future, is essentially defacing it. Leave the colorizing to the coin products offered on the TV coins shows.

  18. Hidalgo says

    My dream 5 ounce silver P coin would be one with the Walking LIberty/ASE obverse design on it.

    Gosh, if the US Mint offered it for just one year, I am sure they would realize huge profits from its sale!

  19. Dustyroads says

    I have a couple colorized `98 ASE’s, my kids like them, I’m pretty sure they’re a thing of the past. The High Relief is the one the Mint has up it’s sleeve. A 1.5 oz. HR would look a little better.
    CaptainOverkill: I read the article you posted earlier on the JGB sell off’s. Could be influential. Never a dull moment!

  20. Ikaika says

    Great news and exciting product. Thanks Michael for the info! Two comments: 1. Despite the drop in silver price, the mint kept the price set for the SF ASE set when silver was above $30 oz. Will this affect sales? Probably not. 2. The package for these coins just confirms that the mint overproduced the SF ASE set.

  21. stephen m says

    Three times spot is ridiculous Mark but it looks as if the mint wants to see what the buying public will pay for the new special 2-piece sets for now and future offerings.Opec has been doing it with oil for years now. I’m still in at their price for one or two. These are sure to accent last years set very well.

  22. Natatack says

    “There have been previous indications that both of these coins will remain exclusive to the special set.” Didn’t the media assume the same thing about the S.F. set last year? And the mint came out with an apology after the ordering period was over?

  23. Samuel says

    the spot is lower, but the “special” is better than last yrs plain proof, so it is a tie.
    same box?

    i would expect ASE,
    -obverse: reverse proof
    -reverse: proof
    -high relief
    -flag colorized
    -cloth gilded
    -the branches enhanced

  24. Jim_D says

    I want it in writing that these coins are exclusive to the set and will not appear again in any other set or individually. That was dirty what they did last year, especially the fact that the one coin wound up being cheaper in the other set. I am in favor of dropping the sales odometer. I intend to buy what I need for myself and any increase in value will be a bonus, but not expected. The set does look nice, so I too am excited by it.

  25. TomP. says

    I was not aware of “the Mint’s tradition of offering special American Eagle coin sets.” I think they had a grand total of 1 between 1986 and 2004.

    I’m not a big fan of colorized coins either. I collect Canadian coins too and avoid about 95% of their colorized offerings.

  26. Don says

    If one feels the need for a colorized silver eagle, just go to ebay. There are many listings that have Lady Liberty resplendent in full color. Also, in what has to be the ultimate in defacing the Silver Eagles, are “tribute” scenes painted on the obverse. These depict such things as Barach Obama’s inauguration, 9/11, the space program, etc.,etc.

  27. 64 US Marine says

    If the Mint is smart, they will not put a counter up like they did last year. As that counter cost them a lot of money by people canceling there order at the last minute. I’m in for two sets no matter what, as I am a collector and have been since the mid 1950s.

  28. EvilFlipper says

    Just like 2008….. Big bombs on the PM market with the stock market to follow. I will wait until the last week to see about this silver eagle set. I will definitely get one just for my collection however.

  29. charles says

    Well, this looks the same as last year. I am happy with the price. And yes, I
    will again wait and see and cancel my later orders if the situation plays out like last year. As always, I will keep a couple of sets for myself in ogp..but I will also send in at least 10 sets for grading.

    I know, know, a lot of you like only sets in ogp, and I like them too…but as a flipper the only way to make a buck may be if you get some sets graded and you get 70’s.

    What really disturbs me is a lot of yoyguys that don’t think that flippers are also
    collectors. I have NEVER sold a coin that I also don’t keep at least one for myself.

    So you can put down flippers alll day long..but why do you do that?

    My collection includes coins that there date gas special meaning to me. For example, I have 1882 Morgan dollar because my granddad was born that year.
    I have a couple of 1925 Stone Mountain half dollars…my parents were born in 1925 and I also live near Stone Mountain. I also have a 1955 silver proof set as that was the year I was born.

    Anyway, I love coin collecting, but also see it as a potential money maker. I’ve made a lot from the 5 oz ATB’s thus far.

  30. im just a bill says

    CaptainOverkill says:

    ” High relief coins generally tend to have amazing quality artwork.”
    ——————————————————————————————————————–

    Indeed, I have the 2013 5oz H/R Koala and it is spectacular looking! Its 3d-ish.

    I would love to have a ASE in H/R 5oz, enhance it too

  31. im just a bill says

    as far as this W set, Im in for one. Got to have the first ASE ever enhanced. Period.

    Now where are those ATB’s?

  32. Samuel says

    Charles,
    I am just curious how you made a lot from the 5oz ATBs, unless you got a lot of SP 70s, or 69DMPL.

  33. Silver Surfing Scott says

    I’ld love to see and buy a High Relief American Silver Eagle from the mint.
    But I’m not sure they have the brains to do it.

  34. Don says

    Charles,
    It’s not so much that commenters to this blog often put down flippers. It’s more that we don’t understand your way of thinking it regard to making a buck.
    One only has to look to the very recent past, namely the 2012 San Francisco Silver Eagle Set, to see that the secondary market left very little meat on the bone for flippers.
    Not only does a flipper have to undergo the expense of having the coins graded (and hope for a high percentage of 70’s), but then the flipper has to look for a marketing strategy to sell the coins. If one sells these coins through ebay, there are fees that cut into the profit margin.
    It just seems like a lot of work and unnessary stress on the part of a flipper to sell these coins on the secondary market and hope that a profit will be realized.

  35. stephen m says

    I’ve never tried to “flip” a coin. I think the 25th ASE anniversary set birthed a lot of flippers but nobody could lose on that one. More power to the “flippers” and good luck to that special breed of collectors.

  36. Hidalgo says

    Since gold and silver values have been going on a downward trend, I’m just wondering how that will impact secondary market values of US Mint coins.

    Clearly, bullion coins — in general — will start to fall in value since their bullion values are tied to market trends. But how about the collector’s editions of US Mint coins? And what about the First Spouse, American Silver Eagle proof, and commemorative (gold and silver) coins?

  37. stephen m says

    Hidalgo, I’ve wondered that myself. Yes bullion will fall with spot prices of the metal. The collector coins, proof gold and silver may drop in value some. It looks like if we wait time will tell the story. If someone is a flipper or dealer i would think some will get stuck holding the bag, for what may be an extended period of time, that doesn’t sell quick enough. I’ve always bought what i like and i will still like what i bought if the price does go down. I wouldn’t be surprised if most First Spouse, ASE proofs and commemorative gold and silver coins increase in value or at least maintain their current value.

  38. Ikaika says

    @ Hidalgo

    You got a very good point there regarding the collector’s editions of US Mint coins. It is likely that prices will start to decrease too. By how much? It will depend on the supply and demand. When gold was going up, coins like the “unwanted FS” was following very closely the bullion prices (of course not every FS). It should do the same on its way down IMHO.

  39. thePhelps says

    I think the mint prices of most releases will hold near that value – regardless of the price of silver or gold – at least in the near term. In many cases you’ll see resellers pricing their coins at or near the price set by the mint. This years silver proof for example isn’t likely to drop to just above bullion price simply because of the bullion price – they have to be able to recoup some of the cost.

    The irony is that your $14 bullion coins bought in 1993 are the ones that will see a strange pricing model – IMO… price goes up and buy them for $30+ and now can’t sell them for much over $25 -which is still more than they brought originally… so these price fluctuations really do reflect the mto – buy low sell high…

  40. Dan in Fla says

    The flipper mentality is a hard one to understand but the monetary gain explains it for me. I was looking at an on line major PM dealer yesterday and they had the FS coins in OGP for less than the Mint So yes the prices are going to be affected.

  41. Samuel says

    Dan. the lesson is, dont buy coins in OGP from dealers, especially, those dealers who sell a lot of graded coins.

  42. Don says

    Just one more thought on colorized silver eagles: I don’t believe that any serious coin collector would consider having such an item in his or her collection. Any colorized coin, silver eagles included, is reduced to a novelty item. Why would anyone possibly want a silver coin that is layered with paint? I’d rather see a copper penny flattened by a train locomotive. At least the copper would still shine through.

  43. Ray says

    I’m going to guess a lower mintage of this set than the SF set from last year. Last year probably had a lot of speculators coming off of the 25th anniv set, only to find out they werent making money. I’m going to guess a mintage of 180,000 for the set. Theres already sets on ebay for < 250. There are more interesting (financially) shorts than ASE coins where people can make hundreds off of a $50 purchase. Seems like the people flipping ASEs will fail.

  44. Ray Jay says

    Ray – Are you referring to shorting financial stocks in the stock market? Please explain “There are more interesting (financially) shorts than ASE coins where people can make hundreds off of a $50 purchase.” I’m not sure what you can do in the stock market for $50, if that’s to what your comment pertains. What can $50 short in the market?

  45. Rolling-Thunder says

    Just wondering if the delay in release of 5 OZ uncirculated ATB’s could be due to the mint experimenting with the use of new lazer techniques on these coins.

    Do not know if I would like coin finishes being changed in the midst of the ATB series (i.e. 2010-2012 coins would have “regular vapor-blasted” finish and 2013 on would have “enhanced” finish.

    It has taken me awhile, but have recently decided to collect only the uncirculated “P” versions – main reason is it is too difficult to get high quality bullion versions without paying extra for TPG coins and I now actually prefer the look of the vapor-blasted coins over the bullion versions.

  46. Natatack says

    I got a feeling if they sell really well, the mint will make them in multiple years till the market is saturated and interest declines, possibly minimizing future appeciation.

  47. Jerry says

    FINALLY ! The U. S. Mint is getting creative. As a collector ( not an investor ) I have been turning to Canada, Australia, and others to acquire interesting and artistic coins. I personally believe this set will be a success. And I think the new finish will make for an attractive Walking Liberty Eagle.

  48. thePhelps says

    So here is my next question on this set – since the reverse proof ASE is included – does anyone know if they are going to use the new laser technology on it as well?

    If they do – and I see no reason they won’t – this could be a very new set of coins. (IMO) The new laser on the Generals dollars and gold is absolutely perfect.

    I don’t see any mention of it in either coins description.

  49. Dustyroads says

    The enhanced uncirculated is a new breed of ASE, the reverse proof has it’s own place in the ASE’s line up. You won’t see a change to the reverse….You know what, I nor anyone else knows what the Mint will do. To my knowledge the Mint never made it known that the commemorative proofs would be enhanced, you think they would!

  50. James says

    I think I bought the First 5 ATB”S @ $249.00 each before the price went down to $205.00 or something. Sent them off for grading, insured, shipping. Anyone wants to buy one, Please Contact Me. These are US Mint “P” Vapor Blasted Versions. You can probably figure out what I have in them, without even me making any profit.
    Now as far as these New ASE’s go, This is about it for me on those things, as I really do think it is getting completely ridiculous.
    I wouldn’t doubt that this New finish along with perhaps a reverse proof, and UHR aren’t going to be added next, on the American Buffalo Gold 24Kt Coins.

    I believe what a Poster said above. I wish they would just think outside the box and create a completely NEW Proof & Silver Proof Set that would include a remodeling of the TOP EVER 5 or 10 Coins, “Most Popular/Or By ERA” since the First Mint ever opened and produce it. Maybe a Morgan, a Barber, V-Nickel, etc.,
    and even go farther by adding a ASE Silver & Gold Buffalo 2 Oz. Coin UHR Satin Finish to top off the Set.
    Let’s make an All Centuries/All American/All Mints Set, and sell it for $1,000 if we have to, but Please, Please, Put the Collector First and put Quality First.
    Enough of this other stuff, Over & Over & Over…….Make it exciting and make it and still make the normal routine sets that we make year in and year out.
    I’ve also been looking at the pandas and the Great Britain coins of late. They have a very nice 1/2 Oz Set 2013 of which I think are 9 coins total. Really beautiful nice stuff…….

  51. hi ho silver says

    Dusty : The Gov. Will let you know on a need to know basis.(It fits the Gov needs) $$.lol

  52. thePhelps says

    @James – there are other mints that do make some really cool coins. I have a set of the 20 for 20 coins from Canada and a set of the 1/2 oz Pandas. I like the Great Britain coins a lot as well…I just haven’t bought any yet. The problem for me is they are even “prouder’ of these coins than the US Mint and often charge stupid high prices – plus high shipping. The US Mint actually makes a lot more coins than most of these other mints – I’ve said it before the other mints are more of cafe style mints selling low volume high cost coins – yes they are cool coins – but in limited quantities to justify high costs. (I am not into jewels – colorization – 3d effects or glow in the dark coins myself).

    @Dusty – I also don’t think the reverse coin will change – but if they are using the enhanced laser technology to create the uncirculated coin and have announced that they plan on using it for the proofs – then I would think it has a 50/50 chance of being used on this reverse proof in this set as well.

  53. William says

    When metal prices are in decline the mint should reduce the price of coins more frequently and reduce the quantity of the items produced to stimulate collector interest.

    Coins that are only available for no more than three months and have reduced production runs (50,000-100,000) will attract attention.

    The sale of “limited production” coins should then be restricted for purchase to two items per household.

    Less is More…

  54. Ray says

    The us mint markups on silver (as a % of the value and sale price) are absurd at this point. They really need to do something about it like add it to the chart..

  55. T1 browserman says

    We’ll never see Ag on a chart as an algorithm is impossible to devise when a metal trades in cents as opposed to dollars, i.e. Pt, Au, Pd

    I’m in suspense mode with Ag.

    Forget the palladium eagle folks…more dies, more workers at West Point, more cost, more everything. t’aint gunna happen; I see red ink everywhere with that offering down the line even IF it makes it through congress.

    When the last 5 oz is marked souled out we’ll see the new ATB’s but at what price point ? I don’t know——>third base ? 🙂

    We did have a commemorative half dollar with P.T. Barnum and what did he echo:
    “There’s a sucker born every minute.” Two active listings on fleabay for quite a few bux.

  56. Rich says

    I’m looking for a small display light, kinda like a micro led display light that would have a goose neck that could be adjusted to shine on a coin set but be low profile – nothing has really turned up on internet searches, any leads on site to search or thoughts on something like that would be much appreciated!

    I have a bad habit of buying these coins for their artist beauty and then locking them up.., I think this set and the ’09 UHR would really ‘pop’ over said lighting. Thanks

  57. Dustyroads says

    The US Mint used to sell coin sets in really nice display cases. Set on a desk or behind glass in a display case really made them look good.

  58. Ray says

    Question for the flipper community. How do you make any money pre-selling the 2 coin ASE West Point set for $190 shipped on Ebay? Isnt the Ebay/Paypal take equivalent to 12% (domestically) and 13% (internationally)? That equates to less than 10% margins before any overhead. Seems to me that coin flippers chase $$ to no end, even if it means breaking even, or losing $$. Also seems like a lot of lost time and productivity.

  59. Dustyroads says

    Lowes and Home Depot had the display lighting the last time I needed some for tight under-shelf lighting. I think Ott Light lamps create excellent light for bringing out that natural color.

  60. Jon in CT says

    @Ray’

    Perhaps the eBay seller is a coin dealer who believes this set, with no purchase limits, qualifies for the Mint’s Numismatic Bulk Purchase Program (see http://www.usmint.gov/bulk/ ). If so, he gets an effective 4% discount with free shipping within the US on an order of $5000 or more (34+ sets). He culls the very best coins to be sent off for grading and disposes of the remainder, without loss, to the pre-availability buyers he’s lined up with his eBay sales.

  61. hi ho silver says

    I once said @ $150 I was in for this offering , but May 9 is a couple weeks from now and I may re-think… So Good Luck to all !!!!

  62. Dan in Fla says

    I knew it! Those damn dealers. I knew I hated those cherry pickers for a reason. And all this time I thought everybody had to pay full price. I will be in as usual for my sets.

  63. Shutter says

    The us mint markups on silver (as a % of the value and sale price) are absurd at this point. They really need to do something about it like add it to the chart..

    Haven’t the foggiest how a chart is going to help you, as long as the actual price you pay will be unchanged.

    There is a limit on how low the mint can charge for collector items. The special production, handling, and shipments in individual boxes (rather than 500 coin monster boxes), ensure that the fixed cost per coin remains high. Back when the silver spot was under $5, the mint still was charging around $25 per proof ASE.

  64. Jon in CT says

    I wonder why the Mint advises that “Shipping is expected to begin in mid to late June.” Surely the Mint could have 100,000 sets available for shipping on May 9 and not be in any danger of over-producing.

  65. Ed says

    I believe that the US Mint site will be very slow that day. Not because of the collectors but for the Coin Shops on cable will be buy up lots of lots. They have the money to buy and with no limit they will buy large. I am buying two sets on for grading and one for viewing.

    Change is good.

  66. Buzz Killington says

    Right, those of us in the game back in the 90s when PMs were in the dumps REALLY paid a markup from the Mint. The margin on product above bullion price seems to be much less when bullion prices are higher (at least as a percentage of your purchase).

    Also, if PMs continue to go back down, maybe gold back to $800-$1000 per oz., anyone trying to sell even collector coins will find it impossible to recoup purchase price. The question is how many sellers there will be, panicking to lock in their loss for coins they intended to flip, vs. collectors, who want to keep the coin regardless of the market price.

    Lower PM prices, (like a lot lower, half of what they are now) would bring an interesting question about how the First Spouse gold coins would perform. I think there is a floor there, because the mintages are so low. But I still wouldn’t want to be holding them when the price of gold comes tumbling down.

  67. Don says

    As for the 2013 West Point Silver Eagle “pre-sale” sets that are now showing up on eBay: Doesn’t eBay have some type of rule against selling items not in hand or, at the least, the seller having a confirmed order?
    Since these sets are still a few weeks from being offered, how is it possible that these eBay sellers are allowed to list them?

  68. Eddie says

    @Jon in CT I agree with you about the Mint having 100,000 set already in production.

    I hope next year we get a UHR Proof ASE in a set even an UHR enhanced ASE.
    I also hope we get a silver Kennedy half set. Like maybe an UHR silver proof, UHR enhanced silver half, regular silver proof and a silver unc. P&D. I would buy some of those.

  69. ClevelandRocks says

    I think PMs will rebound soon, maybe to new highs.
    All this Bitcoin talk will scare folks into physical PM…

  70. Don says

    @Eddie,
    2014: UHR Proof and UHR Enhanced Unc. Silver Eagle Set (Philadelphia)
    2015: UHR Proof and UHR Enhanced Unc. Silver Eagle Set (Denver)
    2016: UHR Proof and UHR Enhanced Unc.Silver Eagle Set (West Point)
    2017: UHR Reverse Proof 3-coin Silver Eagle Set (All three mints)

    The combinations for these Silver Eagle Sets can go on and on. How much more can we take?

  71. Don says

    @Jon,
    I was just testing to see if anyone picked up on the SF omission. Actually, I realized that I left out SF after I commented. But I did state that the combinations (permutations) can pretty much go on indefinitely, or until collectors throw in the towel–which might eventually be the case.

  72. EvilFlipper says

    We are heading for a crash! Damn! Finally! I thought this was gonna happen last year but I guess we go through now. Japanese bonds are about to get monkey hammered.

    Keep your powder dry guys. My guess is the set my be delayed due to volatile market conditions. Ain’t no way many folks are goin to pay 150$ for a 40$ worth of silver set. The mint might be about to get taken to he woodshed. I probably think gold will go to 1000-1200$ here and silver back to 15$ (hell yeah!). This will be another odd/low/ insane mintage offering year. Back up the truck…… But be careful. The next step in the monetization game might be the inflation kicker or a devastating deflation since we’ll get to watch Japan fail in real time. They’ve donE 4-5 QE’s. What more can they due except throw money from helicopters. Since we get to see Japan’s reflation efforts fail, we might see them throw In the QE towel. Be ready for lots of sale suspensions!

  73. chris says

    EF I hope Michael is forwarding all your comments / analysis to the Treasury dept. in real time. They could really learn a thing or two about the “future.”

  74. im just a bill says

    at the current price a bullion ATB will cost around… $140.

    I see some at 138 right now.

  75. says

    EF…your guess is no better than anyone else’s…my guess is now is a good time to buy. Of course, dollar cost averaging is usually the best thing to do…buy at different levels….don’t try to time the market low or high.

  76. says

    EF…also, let me ask…you think silver may go down to $15 and say “hell yeah”…but what why do you say that?.

    I don’t see any reason to say “hell yeah” for siver at $15 unless you think that is the bottom and it will rise again to who knows where.

  77. Robertson says

    I probably think gold will go to 1000-1200$ here and silver back to 15$ (hell yeah!). This will be another odd/low/ insane mintage offering year…

    To the contrary, comparatively low PM prices, especially if they are sustained throughout the year, just might result in higher mintages for this year’s U.S. Mint products that contain gold and silver for the simple reason that they will be more affordable to a larger collector/investor base. If this happens, we could see new low mintages for last year’s 2012-dated issues.

  78. Michael in Bama says

    If I were in charge of production at the mint, I would halt all ASE pressing today! They are gonna be using their inventory of silver blanks over the next few years! I like how they rush out the price rite before PM’s go in the crapper. NO, they don’t know anything!(sure)

  79. Hidalgo says

    HUGE drop in gold and silver prices. As I expected…. As the US and global economy improves, speculators are shifting their money from precious metals to stocks. So far, my stocks have gone up 14% since January 2013. Not bad — and which direction are precious metals heading???? The bubble has begun to burst… POP!

    I plan to buy one, maybe two of the 2013 West Point Silver Eagle Sets. Not because of the silver content, but because of the beauty of the coins.

    My rule of thumb as a collector: buy what you like. If the value of the precious metal goes down, at least you’ll have something that you’ll enjoy, even if it is not worth as much as you paid for it 🙂

  80. Mark in Florida says

    The stock market is the highest in history and people are shifting money to stocks??? This is the time to sell stocks (at the top) and buy PM (on the dip). But most investors do the opposite.

  81. EvilFlipper says

    Hidalgo…..economy improves? Really? We just had the worst week of MacroEconomic results since the 80’s. Japan had to print TWICE as much money on an even basis to the US to try to drag themselves out of deflation. China had all misses on their economic reports last night. I mean I could go on but it would be pointless. Learn what a POMO auction is and how the FED reserve buys the treasuries back in a weeks time with money they just printed. That’s why stocks keep going up…… But they will follow the way down. Math matters sooner or later. Probably gonna be sooner.14% in a year is good! How about taking some profit before it drops? I would. You can replay after the next big correction;)

  82. Drew says

    I am happy on the release price and will be in for a few sets. Hopefully the mintage stays below 200k

  83. Drew says

    Silver is dropping like a rock today. Already down $2 down to $23.80 an ounce right now. Wow. Another big drop for gold too today.

  84. stephen m says

    I’m going to pay attention how things play out as the silver and gold spot price continues to fall with the improving economy. I’m old enough to have seen this in the past but was putting my money into partying ( where else when your young?) instead of PM’s & coins. I like this set and i’m in!

  85. Ikaika says

    Interesting to see what the mint will do regarding prices. Fast to adjust on the upward trend. Lets see on the downward trend.

  86. says

    I feel like Michael might want to start a new thread to talk about these price collapses. This has got to be one of the most significant selloffs we’ve had since 2011. I wonder whether the mint will capitulate on prices? Robertson is probably correct that we will see sales increases if the Mint is forced to do across the board price cuts.

    Hidalgo,

    I must agree with EF. Gold and silver may be falling, but it is probably due to other reasons besides the economy recovering.

    EF,

    Do you expect physical sales (primarily bullion as opposed to collectibles) to collapse or accelerate in the face of these price declines?

  87. Mark in Florida says

    The reason gold dropped is that a hedge fund spent $1 billion to short sell $20 billion is gold (15% of the year’s production!)

    It’s like a casino. People who don’t own or want to own metals make paper bets on the price and this forces it up or down with no relation to the physical metals. See Here:

    http://www.zerohedge.com/news/2013-04-15/gold-crush-started-400-ton-friday-forced-sale-comex

    But this makes a good buying opportunity since in the long run the dollar is worth less and less. Wonder what the proof eagles will be priced at Thursday! Or will the mint delay release in hopes of a higher price later???

  88. says

    Mark,

    I follow ZH as well but hadn’t seen that given article yet. I’m sure there was definitely stuff like that going on, but conditions in the commodities markets in general aren’t good right now, due to the situation in Japanese bonds: http://www.zerohedge.com/news/2013-04-14/gold-asian-liquidation-mode The US dollar has also been performing fairly well due to capital flight from Europe, which added to the downward pressure too.

    We’re looking at a perfect storm. Right now I’m far more inclined to EF’s view of things, as the economy shows no signs of recovery (with the BoJ and China both acting panicky I don’t see that happening anytime soon). I am not really going to worry unless we see things like 3% or higher GDP growth in the US.

  89. george glazener says

    @Dusty;
    You’re right. There’s nothing like a gorgeous Proof 1964 Kennedy or a 1950’s Franklin half. Always irresistible no matter what.

    I guess I’ll have to put the old Lucy Hayes UNC back in the freezing tubes(Lost in Space reference) for another era.

  90. Hidalgo says

    @Evil Flipper – I have done very, very well with my mutual funds (made several, several $1,000s) because I am a long-term investor. Stocks and mutual funds, on average, have increased an average about 7% per year.

    I certainly cannot say the same is true with my coin collection. Yes, precious metals have gone up in the short-term as speculators hope for higher and higher prices. However, in the long-term, any financial advisor will tell you that they are risky investments.

    The way the cynics and rednecks talk here, it seems that they think that PMs will go up indefinitely….. NOT! I’ll bet not a single one of them will invest 100% of their retirement pay or 401 Ks in precious metals.

  91. Brad says

    Ikaika,

    Yes, with the current spot price a whopping FOUR tiers below the tier currently in use, sales should definitely be suspended until the price stabilizes. Typically on the upward trend, the Mint would suspend sales when the spot price was two tiers above the tier in use. The longer they delay in suspending sales during this downward trend, the worse it makes them look.

    Oh well, it’s just like the price of gas. Out of a dozen stations in town, when one increases the price, you can rest assured they will all have come up to match within 24 hours. However, when one of them decreases the price, it usually takes up to three days for all of the stations to follow suit!

  92. george glazener says

    Hidalgo,
    Same here. I had a silver buying frenzy 12-14 years ago. I just loved the old Morgans, Peace, Walkers, Kennedy’s and ASEs and bought gobs of ’em for the sheer fun of it. I liquidated about half of it in 2011-2012, and made out pretty well. But overall, it’s a risky proposition doing this month after month.

    My 401k and other tax deferred IRAs have done me far better since 1988.

  93. Don says

    @HiHoSilver,
    I certainly understand you taking an early exit. You’ll probably see a bunch of other collectors doing the same, or at least drastically scaling down the number of WP sets they order.
    I think I recall that, before the Mint posted its price on this WP Set, you suggested a $129. price for the Set. In light of the silver prices tanking, maybe even that price is now too high.

    @Hidalgo,
    My sentiments exactly.

  94. Robertson says

    Hidalgo, you are correct 100%. Precious metals is one of the worst investments in existence because mainly because of its volatile and unpredictable nature. Nearly every sound financial adviser says so… the few who promote such commodities do so out of self-serving interests.

    As a coin collector who collects for the fun of it, I have personally waited for years for this PM bubble to burst, which in all likelihood appears to be underway. It will be a welcome sight to see modern issues return to the more reasonable prices they once were.

    For the flippers who have been heavily speculating the last few years in the hopes of seeing even higher PM values, good luck because you’re going to need lots of it.

  95. IPS_STUFF says

    @HIDALGO

    Did you receive your Hawaii 5 oz ATB over the weekend?

    I received mine, opened up the box to look at it and was very happy. Certainly not a reject that someone had returned. One of the best looking ATB 5oz that I have received. Long wait but worth the wait even at $24 per oz silver

  96. simon says

    Just looked at Kitco – looks like some folks with big funds are day trading PMs ! A sure sign of more volatility to come.

  97. hi ho silver says

    Provident metals web site is sssssllllloooowwww !!!! Don: I’m. Beginning to think your right…. maybe $99.

  98. Rick says

    Those who “think” the economy is improving are viewing things through their fuzzy stock market filter, which is the real bubble.Why is it that since the early 70s that when the fed prints money, the stock market goes up? The markets seem to inflate side by side with the Dollar, no?

  99. fosnock says

    @Hidalgo – PMs no more volatile than the stock market, except that the market has circuit breakers to protect it it from these drops and run away HFT algorithms.

  100. Ray says

    Anyone familiar with the “support levels” of gold? The first 1470 (established last week of june 2011), then next is 1305 (est. Jan 2011), and then the next one is 1060 from Jan 2010). Looks like a rally was attempted again (like friday) but it is failing again. From what I read if it keeps dropping, it may go down tot he 2010 high of 1060. Seems to have leveled off, bt I think a lot of people thought that last friday too. pretty wild!!

  101. Ray says

    Chaco 5ox ATB now says:
    “This product is temporarily unavailable for product repricing.”

  102. says

    Thanks, Ray!

    Waiting to see if there’s capitulation on the commemoratives, silver quarters, or the 2013 proof silver eagle.

    Anyone still think White Mountain will hit the shelves at $245? 🙂

  103. bigdawg says

    as much money as our government is printing everyday,thinks that this is the end ogf gold and silver ,they need to come down from their medication,and read the book from the gentlemen that predicited the housing market crash,no one would listen to him,but he was right. AFTERSHOCK : PROTECT YOURSELF AND PROFIT IN THE NEXT GLOBAL FINANCIAL MELTDOWN, ROBERT A WIEDMER i think we all should be buying and not look at what is going on today and maybe this week. i hope it goes low enough to really stock up

  104. fosnock says

    CO,

    I certainly hope not, but will the mint release the coins taking these losses. I bet their screaming that they did not release them last month over a $3-$4 drop in price

    I just checked 90% quarters I use to get them at $20 above spot they are now selling at $50 above spot a 250% markup. First time I get get ASE cheaper than 90%…this is crazy

  105. says

    fosnock,

    I was thinking the same thing. If they’d released White Mountain in February as was originally planned, I can say that I for one would have probably paid the $245. You’ve asked a good question, though. I hope they aren’t in a position where they don’t get released at all.

    You’re right that this is crazy. On one hand I don’t really like seeing the value of my purchases go down, but on the other hand lower prices means I can buy more coins! I imagine, given the reports I am hearing about the bullion dealers selling out of everything, that April is liable to be another record-breaking month in terms of silver eagle sales.

  106. Phil says

    Looks like it might be a good buying opportunity once the precious metal prices bottom out. I’ve drastically limited my gold and silver buying for a few years now since prices exceeded about $1000/oz. because I thought the price was too high. I still think it’s good to invest some money in precious metals, just not put all your eggs in one basket (diversify). When the stock market crashes again and/or we have high inflation at some point (which will likely happen), those who have invested in precious metals will be glad they did. I still prefer the collector coins rather than bullion, since the collector value eases some of the volatility of pure bullion. Plus the collector based coins have more appeal. Though I do wish the mint wouldn’t tack on so much extra cost to their coins (maybe go with cheaper cases instead).

  107. EvilFlipper says

    From what I recall depressions and banking crises never started with a gold crisis. Japan has had a crappy stock market for 30 years. I’m not saying the stock market was a bad investment thesis for the last 30 years in the US. But the time has come. US has all time high debt and all time high stock market. One of these markets are wrong. With copper breaking down as well Id take my chances with cash. I’m 50 bonds stocks, 25 PM’s, 25 cash. I will be looking to increase the last 2 when this corrections over. Don’t be greedy either. It’s always the best performing asset….. Until it isn’t.

  108. fosnock says

    CO,

    Who knows I image that the mint will stop sales they never stopped the limited allocation to the APs…I can get Koala’s for the same price as the ASE and no delay…it looks like I will go that route

  109. fosnock says

    @EvilFlipper – This is what happened in 2008…but this is 2008 on steriods. In 2008 it was bond liquidations cause by Lehman, if I was a betting man I would say that the Japanese bond market is in real trouble. All I know is that the contagion will not be limited to PM’s and it is going to get real ugly…By The Pricking of My Thumbs.

    Cash is always good…nothing wrong with cash

  110. says

    Fosnock: Oil is getting smashed today too. Combined with someone of the other warning signals we’ve been seeing flashing recently, I am worried we’re on the cusp of another Lehman crisis. Japan, Spain, or Italy going under would certainly do it.

  111. T1 browserman says

    Thank Dow Jones & Co. for PM’s plummeting. Well lookie there folks….now Ag below $25…..I’m still counting the days till the SUSPENSION and that West Point set better see a price adjustment or it will be a dust collector except for, as mentioned above, the BIG DEALER’s above which will sell on FLEABAY. Something is propping up the stock market and it isn’t me…must be Uncle Sam, and the billionaires. If it doesn’t get the price adjustment, I will grudgingly buy one set (sucker that I am; ref. P.T. Barnum above) only because of the added work done to both coins. All other .999 Ag’s had better be suspended or NO SALE ! I’ll get one on FLEABAY at below whatever the mint is selling like I do with most of their modern commeratives. except that P.T. Barnum half dollar. 🙂

  112. TheCoinKeeper says

    Major support levels were taken out in both silver and gold. Pull up a weekly chart at finviz on both. You can see the triple bottoms and this breakdown. When major support is broken, you get major spillage.

    Those long term charts still look great. I was hoping for a buy opportunity breakdown and figured the big boys would take it down since they were so close. Guess who is buying physical gold at these discounted prices because they know paper is crap? China, Russia, India. This dip is a gift.

  113. simon says

    FYI on BBC

    http://www.bbc.co.uk/news/business-22151474

    Another drag on prices has come from India, the world’s biggest buyer of gold bullion, which introduced a 50% import tax that has triggered a 24% fall in the amount of gold brought into the country in the first quarter of this year.

    Mohit Kamboj, president of the Bombay Bullion Association, suggested prices may have further to fall: “With more and more countries reducing stocks, the future of gold seems bleak.”

  114. says

    T1,

    We’re kind of in a win-win position either way. If they give us a price cut we get a cheaper set. If silver has another day or two like this, the set will probably not sell much, giving it premium potential on the secondary markets.

  115. fosnock says

    Something is up…I just got some Fiji Taku’s for less than it would have cost me to get Maple Leaf’s much less the ASE’s…I tried to do some price comparisons in APMEX and it was like trying to buy the 2011Anniversy set from the mint, so I just bought from Provident. You really can’t go wrong with Provident.

  116. KEITHSTER says

    5 OZer down for reprice hang on thight folks and good luck can’t stay time to do the taxes look’s like they did’nt get enough the first time. GOOD luck ALL .

  117. Don says

    Does anyone out there remember the good ole days, where in 2006 one could buy from the Mint a Silver Eagle Proof, Silver Eagle Reverse Proof, and an Uncirculated Silver Eagle for $100.? The Mint even went so far as to seal these in an acrylic, tamper-proof case and call them an anniversary set.
    Nowadays, for $150, we only get two Silver Eagles in snapped together acrylic capsules, often receiving them escaped from their capsules. and shifting around inside a box.
    But wait! A lower price may yet prevail on the 2013 WP Set. That $150. price is looking a bit astronomical in light of recent events. The Mint might actually be forced to adjust the price lower; otherwise it may have some surplus Sets in the vaults.

  118. Samuel says

    we need to put the latest posts on the top. when it gets to 400 posts, it is difficult to scroll down to the bottom.

  119. gatortreke says

    Like some others on the board, it’s hard for me to believe that all the Central Bank printing taking place today will result in lower P.M. prices in the future. Today is volatile but my medium to long-term view sees prices higher.

    I wonder if the P.M. stocks might be a better “investment” today. Barrick is yielding 4% with today’s drop and Newmont is yielding 5%. You get paid to wait for a turnaround. However the old truism keeps popping into my head, “Don’t catch a falling knife”.

    Jim Puplava of the FinancialSense website and podcast predicted this weekend on his show that Gold would fall to it’s 1300 dollar price support but that likely would be it’s bottom point during this washout. Only time will tell if he’s right.

  120. Rick says

    Huh? Do you read the last page of a book first? Then second to last page, and so on? Rediculus. Keep the most recent post at the bottom where it belongs.

  121. T1 browserman says

    NQ1 in a product re-pricing!! This should give us an idea on 2013 offerings !!

    Not seeing the ASE in re-price mode ????

  122. Ray says

    What page are u seeing this on. I saw Chaco was taken down hours ago, but other than that and the Uncirc Dollar set, I dont see any other differences. Link?

  123. T1 browserman says

    HAH !!!!!!!!!!!!!

    I had the ASE sitting in my cart on the website

    it now reads as “NOT AVAILABLE” at $63

  124. Saucexx says

    Anybody know if they drop the price on the 5oz AtB’s, will my order on back order drop also? Assuming it gets fulfilled of course.

    I believe I mentioned months to watch out for the PM bubble bursting. It was inevitable, too many speculators keeping the price up.

    One other factor to consider is how much the investigations into Gold price manipulation may be driving this.

  125. fosnock says

    @gatortreke – Their is a lot of risk\reward with the PM stocks, first their management is clueless…I remember when they were “hedging” gold at all the way up to $850…and were shocked when they lost billions.

    Then you have to worry about nationalization. Some of the smaller miners based here in the states avoid that risk but then they are small and if a mine peteres out..

  126. T1 browserman says

    I just logged into my mint’s account….just to see what was going on with the ASE and noticed the amount I planned on spending was off by the $63.

    Ok e1 who bought at $63…..can you reach your heads with your feet ? LOL

    hi ho silver …………..AWAY!!!!!!!!

  127. fosnock says

    @Saucexx – Funny how everyone calls it a bubble but physical inventories are running dry. As far as price manipulation yes the fact that a judge dismissed the Silver-Manipulation case vs. J.P. Morgan, and someone can “sell” 400 tonnes of gold or 15% of yearly production in a few hours without anyone blinking an eye could have something to do with it.

  128. fosnock says

    @Rick -This could have been another “Brown Bottom” but I doubt it. Anytime someone sells “real” gold they tend to advertise so they can sell their gold at the lowest price possible so yes I would say this was paper.

  129. Saucexx says

    fosnock,

    I was referring to the CFTC looking into gold and silver price fixing.

    http://online.wsj.com/article/SB10001424127887324077704578358381575462340.html

    As far as declining inventories:

    “Mohit Kamboj, president of the Bombay Bullion Association, suggested prices may have further to fall: “With more and more countries reducing stocks, the future of gold seems bleak.” ”

    http://online.wsj.com/article/SB10001424127887324030704578424123590556556.html?mod=WSJ_hpp_LEFTTopStories

  130. Hidalgo says

    @IPS Stuff – yes, I received BOTH my Hawaii and Acadia ATB 5 ounce P silver coins. And even though silver prices have tanked, I am still very, very happy owning both. Way to go US Mint!

  131. Dan in AZ says

    Does anyone know if the Two Coin Set due out on May 9th will be repriced or does the Mint still plan to sell it for $149.95? Seems like if they dropped the price to $129.99 or $134.99 it might be more inline with their past mark-ups. I’d love to see the pair for $99.99

  132. stephen m says

    Dan, i don’t think so. This uncirculated wp coin has a circus or carnival aura. I wanna play so i’ll pay. This is easy money for the mint.

  133. thePhelps says

    They did update the price on this set – now $139.95. I agree the new coin has many of us waiting for the release – to have it in hand to check out. $10 price drop doesn’t have me buying 5 sets, but it is nice.

  134. bigdawg says

    yes i agree with thephelps eagles running from 29.75 to 33.00 it kind of hard to even buy one set much less 5 or 10 sets.,you only have roughly 60.00 worth of silver ,nice profit

  135. natatack says

    Anyone remember the price of silver when the mint sold the 3 peice ASE sets in 2006 and the 5 peice in 2011? Now silver is floating around $24 wonder if these sets will have another price drop before June 7th.

  136. Dan in AZ says

    The Mint’s website has these listed now (available May 9) for $139.95 for the set, and thankfully available for a 1-month window. I am in for 1 or maybe 2 sets.

  137. Bill says

    Nice looking coins! Have to get at least one set for my collection, maybe more!

    The current administration with support of most liberals in congress and at home, is not solving our country’s unemployment and energy problems, nor it’s financial problems. Have a better chance of making money on bullion and coins than U.S. Treasury securities; rating is likely to be downgraded again!

  138. vic morrow says

    yea and that 180000 you were guessing they have already past that 193000 with 20 days left

  139. Troy says

    The mintage is getting too high… this coin won’t have much on the secondary market. I think the mint makes a mistake by minting to demand…should go back to a limited mintage so buyers know what they are getting into before the numbers sky rocket.

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