![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/quotes_2a.gif)
US Mint Lowering Prices on Silver Coins by 7-14%
July 8, 2013 by Darrin Lee Unser · Leave a Comment
Several numismatic silver coins and silver sets from the United States Mint will soon be offered at reduced prices with cuts that range from 7% to 14%. The decreases follow recent silver market fluctuations which saw the precious metal trading at two and a half year lows.
Some of the silver coins and silver sets from the US Mint that will have their prices reduced on Thursday, July 11, 2013
According to a notice scheduled to be published in the Federal Register tomorrow, July 9, 2013, nine different silver numismatic products will be re-priced. Affected products range from annual silver sets, American Silver Eagles to America the Beautiful Five Ounce Silver Uncirculated Coins™. New price points begin at Noon (Eastern) on Thursday, July 11, 2013.
The announcement comes a week and a half after the US Mint indicated a move such as this was under consideration. That week the London Fix for silver fell as low as $18.61 an ounce — a level not seen since August of 2010. Melt values for US Mint products plunged with silver, making their premiums higher.
"Due to the recent decrease in the price of silver, the United States Mint is considering lowering prices on several silver coin products," read a statement from the bureau in late June.
That decision has apparently been made with the following silver coins and sets affected. Also shown in the table is the price of the products before the re-pricing and the new prices beginning on July 11th.
| Product | Current Price | New Price | Difference |
| 2013 United States Mint Silver Proof Set® | $60.95 | $53.95 | $7 or 11.5% |
| 2012 America the Beautiful Quarters Silver Proof Set™ | $36.95 | $31.95 | $5 or 13.5% |
| 2013 America the Beautiful Quarters Silver Proof Set™ | $36.95 | $31.95 | $5 or 13.5% |
| 2013 United States Mint Annual Uncirculated Dollar Coin Set | n/a* | $44.95 | $5 or 10.0% |
| 2012 Making American History Coin and Currency Set | $72.95 | $67.95 | $5 or 6.9% |
| 2013 Congratulations Set | $59.95 | $54.95 | $5 or 8,3% |
| 2013 American Eagle One Ounce Silver Proof Coin | $57.95 | $52.95 | $5 or 8.6% |
| 2013 American Eagle One Ounce Silver Uncirculated Coin | $48.95 | $43.95 | $5 or 10.2% |
| Perry’s Victory America the Beautiful Five Ounce Silver Coins™ | $179.95 | $154.95 | $25 or 13.9% |
| White Mountain America the Beautiful Five Ounce Silver Coins™ | $179.95 | $154.95 | $25 or 13.9% |
*The 2013 United States Mint Annual Uncirculated Dollar Coin Set has not yet been released. As of this posting, the US Mint indicates a release date of TBD (To Be Determined).
Also likely to be offered at the new pricing is the 2013-P Great Basin National Park Five Ounce Silver Uncirculated Coin. It was scheduled for release on June 27th but was delayed with the pending price adjustment. The new release date for the five ounce silver coin is not yet known.
These changes mark the third time in which numismatic silver coins or silver sets have seen price adjustments this year owing to silver market conditions. In April, sales of American Silver Eagles and America the Beautiful Five Ounce Silver Coins were suspended prior to re-pricing. Then in May, new pricing was unveiled for silver sets.
