US Mint Increasing Silver Eagle Price 33%!

[Arklatex]

http://www.trustedbullion.com/blog/...s-33-price-increase-on-silver-american-eagles

BREAKING NEWS: The United States Mint has officially raised their wholesale pricing above spot on American Silver Eagles to all authorized dealers from $1.50 to $2.00, an increase of a whopping 33%. This news comes on the heels of a significant silver spot price rally over the last month to a new thirty year record over $22 per ounce. The impact of this news is significant and has already affected dealer pricing across the country within hours, as prices on Silver American Eagles have jumped over $0.50/oz industry wide.

The year 2010 will go down as a record year for Silver Eagle sales, as the United States Mint has already sold more than 25 million coins year-to-date. See chart below:

 

[geewhzz]

tis a shame

 

[Merk]

This just shows the continued devaluation of the Federal Reserve Note vs. the real US Dollar that is made out of silver.

 

[Seraphim]

I was at my dealer the other day and he told me they now buy 1 oz coins (Canadian Maples in my case) for 2 dollars above spot. Dealers are starting to pay back the premium you bought it for...I think that trend will continue. Premiums on silver coins will probably go up to the 4-8 dollar range in the next year to two years as opposed to the current 2-3$ premium.