Six US Silver Coins Back on Sale as Melt Values Decline

by US Coins Today on March 8, 2012

in Silver Coins

2011-W American Eagle Silver Uncirculated Coin

Six silver coins that were taken off sale nearly two weeks ago have resurfaced for sale on the U.S. Mint website.

In the afternoon of February 24 when silver was in the midst of ending a weekly run-up of over 6%, each of the 99.9% fine silver coins were tagged by the U.S. Mint with the statement: "This product is temporarily unavailable for product repricing." Each of the coin's melt values was creeping higher and closer to their selling price, and when that happens the U.S. Mint tends to take action.

The collectible coins came back on sale Tuesday, March 6, but prices were unchanged. The U.S. Mint held them in suspension for a long enough time that silver prices had returned to their pre-rally level. The coins that are again available include:

  • 2011-W American Eagle Silver Uncirculated Coin
  • 2011-P Chickasaw ATB Five Ounce Silver Uncirculated Coin
  • 2011-P Vicksburg ATB Five Ounce Silver Uncirculated Coin
  • 2011-P Olympic ATB Five Ounce Silver Uncirculated Coin
  • 2011-P Glacier ATB Five Ounce Silver Uncirculated Coin
  • 2011-P Gettysburg ATB Five Ounce Silver Uncirculated Coin

The ATB silver coins, short for America the Beautiful, each returned at $204.95 while the American Eagle remained at its prior price of $45.95. The 2011-dated coins were only affected as this year's 2012 coins have yet to be released.

Further suspensions are possible given silver's volatility -- up over 20% this year but susceptible to "moody" swings. The U.S. Mint does not have a pricing system in place where its collectible coins have their prices updated daily depending on the markets. Instead, the process is reactionary and initiated during sharp increases or drops. An exception of sorts is how the U.S. Mint sets prices on its gold collector coins. Their prices can change up to once a week based on a weekly average of gold prices on the London Fix.

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