US Mint Silver Price Changes Spur Collector Discontent

On an online forum, a recent price change for silver products by the U.S. Mint has drawn the attention of collectors.

From $90 to $164: A 'Tsunami' of a Price Change

The original poster described the increase as a "tsunami hitting the wallet" and listed specific price changes:

* Presidential Medals: Long priced at $90, now $164 each. * Standard Silver Proof Set: $245. * 1-ounce Comic Art Medals: $200 each.

The poster predicted this would drive up the prices of all products. Recalling a conversation from a few years ago about the American Silver Eagle (ASE) soon reaching $100, they now believe it will cross that threshold and approach $200.

'No, Thanks' — Collectors Hint at Abandoning Their Collections

In response to the price change, several posters expressed their strong rejection with the simple phrase, "NO THANKS!!" One commenter voiced concern that "at this rate, a single 2026 ASE might exhaust my entire coin budget for the year."

One poster pointed out that for the same price, they could buy nearly two ounces of generic silver bullion (rounds or bars). Another collector mentioned that while they own the sets from previous years, the prices were already becoming ridiculous, and they are considering making this year's set their last.

Soaring Silver Prices and Deep-Seated Distrust of the Mint

On the other hand, some comments showed understanding for the price adjustment. One poster noted that the price of silver rose from $30 an ounce to $91 last year, analyzing that the Mint is simply adapting to the new market and anticipating future price increases.

However, this view was met with skepticism. The question was raised: if the price of silver "tanks," would the Mint be as quick to lower its prices? Finding this unlikely, the poster declared a "moratorium" on purchasing any Mint products this year.

Boycotts Creating a 'New Rarity' and Gifts for Grandchildren

A sarcastic prediction was also posted: if the exorbitant pricing leads to fewer buyers, the products will consequently become a "new rarity." One poster added, "I’ll do my part to make that happen by not buying, either."

The price changes appear to be having a direct impact on individual collecting plans as well. One collector reported seeing an NGC-graded PR70DCAM coin with a "First Day" label being sold on TV for $299.95. They explained that they buy one for each of their four grandchildren every year, and this year would mark the 20th coin, expressing their dismay at the increased expense with a simple "Oh my."