Today, July 2, the U.S. Mint notified customers via email that it will increase prices on all its silver collector products, with the exception of the 2024 commemorative coins. The rise in the spot price of silver and other associated costs was cited as the reason for the price hikes, which will take effect on July 9.
Silver is currently trading at around $29.73 an ounce, compared to approximately $23 an ounce a year ago.
New Mint prices have yet to be announced, aside from the uncirculated Morgan and Peace Silver Dollars launching on the 11th. Their prices will be $91 apiece, up $15 from the previous $76. Each coin is composed of .999 fine silver, with a silver weight of 0.859 troy ounces.
Typically, new or updated prices for U.S. Mint numismatic products are first published in the Federal Register, the official source of notices by government agencies and a daily journal of their proceedings.
The main body of the U.S. Mint’s email notice is as follows:
Price Update for Morgan and Peace Silver Dollar Uncirculated Coin Subscriptions
Due to the rise of the spot price of silver and other costs, the United States Mint is raising prices on all numismatic silver products effective July 9, 2024, except for our commemorative coin program products.
As a loyal customer, we wanted to notify you this will impact the price of any subscriptions you have for the Morgan or Peace Silver Dollar Uncirculated Coins which go on sale July 11, 2024. On July 11, the Morgan and Peace Silver Dollar Uncirculated Coins will go on sale for $91.00.
Update (July 3, 3:35 p.m. EDT): On Wednesday, the U.S. Mint announced (via another email) upcoming price increases for a wider range of its silver numismatic products, detailed further below.
Earlier on Wednesday, the U.S. Mint published a press release announcing the July 11 release of the uncirculated 2024-P Morgan and Peace Silver Dollars. Ironically, the press release notes that their prices will be $76 each, instead of the $91 announced on July 2nd (as shown above) and reiterated later today in the latest Mint notice. (Update #2: July 3, 4:11 p.m. EDT: The Mint revised the press release with the updated $91 price.)
The body of the new U.S. Mint "promotion" email follows:
Purchase your Silver Coins and Medals before July 9!
Due to the increased price of silver and other costs, the United States Mint is raising prices on all numismatic silver coins and medals effective July 9, at 12:00 am ET, except for our commemorative coin program products.
We recognize the impact this will have on our loyal customers which is why we are notifying you now so you have the opportunity to click on the links below to purchase currently available products at today’s lower prices. Please take advantage of this offer before prices increase on July 9, 2024.
For your awareness, we’ve listed the current and future prices for our silver coins and medals.
American Eagle One Ounce Silver Proof Coin (W)
Current Price…………….….$80
Price Effective July 9……….$95American Eagle One Ounce Silver Proof Coin (S)
Current Price…………….….$80
Price Effective July 9……….$95American Eagle One Ounce Silver Uncirculated Coin (W)
Current Price…………….….$76
Price Effective July 9……….$912019 American Eagle One Ounce Silver Enhanced Reverse Proof Coin (S)
Current Price…………….….$90
Price Effective July 9……….$1052019 American Liberty 2.5 Ounce Silver Medal
Current Price…………….….$175
Price Effective July 9……….$242.50American Liberty Silver Medal
Current Price…………….….$82
Price Effective July 9……….$97America the Beautiful Five Ounce Silver Uncirculated Coin
Current Price…………….….$380
Price Effective July 9……….$455Limited Edition Silver Proof Set
Current Price…………….….$220
Price Effective July 9……….$255United States Mint Silver Proof Set
Current Price…………….….$130
Price Effective July 9……….$150United States Mint Congratulations Set
Current Price…………….….$82
Price Effective July 9……….$97American Women Quarters Silver Proof Set
Current Price…………….….$80
Price Effective July 9……….$95Morgan Silver Dollar Proof Coin
Current Price…………….….$80
Price Effective July 9……….$95Morgan Silver Dollar Uncirculated Coin
Current Price…………….….$76
Price Effective July 9……….$91Peace Silver Dollar Proof Coin
Current Price…………….….$80
Price Effective July 9……….$95Peace Silver Dollar Uncirculated Coin
Current Price…………….….$76
Price Effective July 9……….$91Morgan and Peace Dollar Two-Coin Silver Reverse Proof Set
Current Price…………….….$185
Price Effective July 9……….$2152024 Liberty & Britannia Silver Medal
Current Price…………….….$89
Price Effective July 9……….$104Armed Forces 2.5 Ounce Silver Medal
Current Price…………….….$175
Price Effective July 9……….$225Armed Forces One-Ounce Silver Medal
Current Price…………….….$75
Price Effective July 9……….$90Presidential Silver Medals
Current Price…………….….$75
Price Effective July 9……….$90
