ALERT! The US Mint Just Did Something We've Not Seen Before! Not Good!
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- Опубликовано: 1 июл 2024
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This is a channel that has the latest news about precious metals, silver, gold, platinum, palladium and others. There is discussion on the following topics.
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Canceled. Fuck the mint. Not worth it at $91 a coin have been buying the modern silver eagles since the reverse change and figured is keep it going. Now I'm done. No way I'm paying $91 for something that sells for $50 on eBay
Yeah, but will it remain cheaper on eBay?
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I’m certainly going to watch eBay and some other places to see. I’m going to close out my subscriptions. I’m not supporting this when they pull this with no warning.
I sold all but 2 of my Eagles! Didn't get as much as I expected. Probably never buying another Eagle again.
@@slekzieds I think those buying these pieces this year will take a loss on these as they will sell below the mint's price but will even out next year as inflation takes a toll further or price upward movement comes for these pieces. If they decide to mint less then you missed out on a key date but I'm collecting these personally.
I just opted out of all of my US Mint Morgan/Peace dollar subscriptions. The mint prices have absurd premiums even for semi-numismatics.
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U.S. Mint is getting greedy.
Getting? 😅
@@PatriotNorthman Okay, to be fair, the proof Eagles are cheaper there.
Getting?
I think they've left greedy in the dust 🤔😤
Well, I just canceled my subscriptions of the uncirculated and the proof Morgan and Peace Dollars.
The only thing I'm keeping is the reverse proof set.
Not 😤 cool
$91 is still cheap
I stopped ordering from them years ago. Every time there was a limited Mintage coming up for sale I would be on their web site ahead of time and never get the order, always sold out right away, and the next thing you know online dealers would have them for sale and marked way up.
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They just don't want to sell these silver coins any more.
They don't want us owning metals anymore. These channels don't spell it out for you, that is how they get away with repeating the same lies for over a decade and never get called out.
91 bucks ill pass getting them grom the US mint
Looks like I won't be buying from the US mint anymore. Just stupid of them to do this!👍🤟🙏🙏🙏
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With this price increase - the Mint may be planning to raise its quality control standards and its degree of innovative product design.
Oh my God..the price of silver increased by a measly 10 percent and how does that justify a 20 percent increase in price..They lost my business for good.
The U.S. Mint should put a $100.00 face value on the Eagle.
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exactly then they would be like the Mexican mint in a way
Never happened then the face value would be worth more than the coin at $91. Give me a break already.
They will continue doing this crap until people stop paying for it. Unfortunately, I think there will always be people willing to buy them, even at these inflated prices.
Just go to Canada and purchase Maple Leafs Gold-Silver etc!!! We have to wait for Trump to get back in and his staff will fix this Mess!!! FreddieB (MA)
Last few purchases due to pricing has been discouraging!
I really like buying coins from the US Mint but the prices they charge are getting out of hand I'm afraid.
I'm disappointed in the US mint
The US mint is part of the corporation, what did you expect?
@@rickstalentedtongue910 come on...don't start with that corporation crap. The government's crap enough. USC says the government can take different forms, such as USPS which is a corporation... With the entire government of itself is not a corporation if that's what you're trying to push
@@xephael3485 Don't be a fool. The FBI admitted being a corporation in court, this way they did not have to turn over documents, because it was not actually a government institution. The entire so called government is a network of private corporations, all of them listed on Dun and Bradstreet. They simply take names that sounds like government institutions. This includes the IRS. All of them. It is easier to fool someone than to convince them they have been fooled.
@@xephael3485 There is no government, they are all private corporations. They are all listed on Dun and Bradstreet, you are just too intellectually lazy to learn anything, so you argue when you could have just checked.
@@rickstalentedtongue910 you're full of 💩... Since you think you're an intellectual please share which dun and Bradstreet companies have government powers
I just cancelled all my morgan and peace dollar subscriptions. Ive had it with these clowns
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Son, I am disappoint! 😑
Canadian Mint been doing this every year for their silver glitter Keep up the good info Sal hello fellow stackers 👋👋👋👋☕️☕️☕️☕️☕️
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Since silver is getting scare, it sounds like the mint is discouraging Citizens to buy silver, so in turn more silver can then go to the military-- to blow up.
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I saw the video recently from silver slayer. 11000 ounces used in one missile?
@@markpatzner9862 They can drop one in my neighborhood. I have a metal detector.
I agree
I stopped buying from the mint years ago.
Unless I’m missing something I’m absolutely disappointed. I don’t buy what they’re saying. Thanks for staying on top of US Mint news. I thought I was already subscribed with you. I am now !
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Thanks Sal...have never purchased from US Mint and probably never will...SLURP on Bro 😎
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Get pcgs or ngc after market and save money
I thinks it's better to buy on eBay! MS 70! I just pre ordered for 250! For both slabbed!
With what is happening in the world right now, I think all this will become a moot point. It ain’t good.
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Such greed. I’ll buy em on fleabay at $75 or under
I started buying silver proof sets in 2016 and stopped in 2020 with the big price jump. My last set approx $68 with shipping. Currently there $130 plus shipping! Not worth it in my opinion.
I don't really like the US Mint that much because they don't make high premium coins really
Who buys from the mint? I dont think you will get 32$ for them if you sell it.
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By January $91 will be a bargain.
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Not even going to see half of that
I remember in 2006 the first year of the burnished silver eagles
3 came in pack for 100 dollars
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Outrageous!
They'll probably phase out the subscriptions as the demand for silver increases. Essentially straining their ability to keep up with demand and planchets. They've reported a shortage of planchets recently. Not surprising.
As silver manufacturing demand increases, silver premiums will raise. However, the spot price will remain low. It's not good for silver stackers. For collectors though, it will increase the value of the coins made. My prediction anyway.
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I noticed the price of the modern unc morgans & peace dollars have slumped. I cancelled all my subscriptions with the USMINT this year I thinking it will be much cheaper to pick them up on eBay in a year from now. Let someone else take the loss! 😅 lord knows there’s enough of em out there!
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Good evening Sal!!!
Keep on stackin'!
I already canceled. Tough to wanna pay those prices. Honestly at $91 I can get a graded common date Morgan that is a real Morgan. Think I’d rather have a MS 63 or 64 1880 S than this year’s.
I’m Morgan collector and am only 3 away from a date/mint mark set. I’ve considered the modern part of the collection but man…. I’m letting this first set go. Maybe I’ll find it cheaper on the secondary market when the people that bought it figure out they can’t sell it
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SD Bullion silver eagle us $35.99
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Bullion products all the way... screw the numismatic stuff... they don't do it good anyway.
I concur! Do they know something we don't? Its sure to be lower mintage. But still canceled my script. Will it result in the end of coinage in general ????
Sales could tank and they could end making silver numismatics. Really making collectors value go up.
It just pays to look elsewhere, have notice sunshine mint has raised pricing across the board.
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I've noticed that too. I like the sunshine mint's products tho.
Profits don't go to the General Fund. Once the cost is recouped the surcharges are distributed to organizations with an expressed purpose. So the Visitor's center built on the US Capital East Plaza was constructed through these funds as an example. They are definitely not used to pay down debt.
nothing they produce is worth the premiums being charged now or in the future. stay Blessed
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@@SalivateMetal thank you for all you do Sal.. stay Blessed
So all the employees got a raise? Never was impressed with the remake. I like a whole oz for my money. I need more buffalo's any way. Thanks for the update.
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We get exactly the same in the UK - hugely inflated prices, sudden price increases not related to costs and series cancelled with no notice……… all with free milk spots 😞
good info!
great video!
stay blessed!
everyone commenting that I can get this or that like a graded older morgan for the same price better do it now cause it wont last. This will cause everything to go up in price.
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I looked to get one the other day and saw the price and laughed
When silver reaches it's unrestricted price, none of this will matter! How about silver at $ 5000.00 per ounce!
Who's kool aid have you been drinking?
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It will never be allowed to rise that high, you would think it would be obvious by now. The bankers rig the price, and it won't rise any meaningful amount until it is illegal for us to own.
Unrestricted? Is the price of Anything unrestricted?
Maybe so... but when you have the choice between $31/ ounce and $91 for less than 1 ounce... it is just stupid to do the high price stuff.
If the spot price goes down will they lower the price?
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😂
If anyone owns something like precious metals and inflation is driving the cost/worth of what you own up then inflation is actually working in your favor by making what you own worth a lot more overtime especially if anyone owns a WHOLE lot already inflation is doing them a huge favor in this sense.
There is a silver lining in every cloud.
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I just got a tube of 14 oz britannia silver. They are nice and chunky, but only 19 in a tube
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I was subscribed, then they dropped my subscription and raised the prices. I was so bummed I didn’t resub.
The result of inflation + recession
Cancelled all of my subs total bs since they only pay spot price from there suplier for the planchets .
Piss on the U.S Mint!
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I received my email today about the raise in price on my subscriptions.
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Isn't the mint required by law to meet demand for ASE? High demand for ASE is causing mint constraints on the other stuff?
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For the youtube algorithm😎✌️ #DCAandCHILL
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Seems a lot fishy to me the increase goes in effect two days before the morgan and peace go on sale
I just reduced all of subscriptions to one of each.
Not worth the extra money!
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they're attempting to de-fame the value of silver by making it so expensive that people will accept the digital currency more readily...
Glad you know now and are telling everyone my channel is too small to get the word out, thx again,,!!¡!
Love you, man!
Bonitas piezas interesantes 👍🏾 buen video excelente contenido nos está brindando
They don’t want you to buy silver they need it for the war
Silver bullets? War vs werewolves?
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Have a few, but not big on eagles.
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I stopped ordering from the US Mint when they screwed up the sale of my WWII gold coin commemorative. It was in my basket and when I tried to pay, it was gone.
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being in your basket does not make it yours. You actually need to check out.
Ha. Like this wouldn't be a surprise to anyone. Just so many better coins and even rounds for half that price out there. This is about collecting not stacking. You want to pay to play go for it.
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The silver dollars are .7734 of an ounce of silver. The whole coin is about .86 of an ounce.
The old ones were. These are 999 fine. So .858 oz.
Not the 2021 and 2023 Morgan and Peace.
@@SalivateMetal Good to know, thanks !
When i found out you can buy eagles cheaper on secondary market i never bought another on us mint (when i was new to stacking collecting)
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I don't really mess with numismatics much, but the reverse proof Peace Dollars look super cool.
I would get one if I could find a reasonable price.
When are these increases going to be applied?
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UK does the same.
Worse when a coin gets shipped to Europe you can add taxes at both ends plus high post charges.
This means economic sense is to avoid the coins at present.
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I only like us mint stuff because of basically just the recognized liberty dollar...they aren't worth the premiums as they are. I'd rather get an actual old Morgan dollar.
All their new designs are just stupid, too, I'd prefer a buffalo round to any of them.
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That was not a minty fresh outcome !
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Oh, you're talking about proofs! Proofs wouldn't be something I would be bartering with, or cashing in on.
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I never bought from the US Mint. Yes, I have bullion Eagles in tubes, but those are just bullion I bought from dealers and not these high-premium collectable coins. For the same money, I can buy an "ice cream cone" for my personal collection that's alot more fun, Like a cheerleader coin, a soccer gal coin or a colorized Harley Quinn coin. If you're gonna spend damn near $100 on a single coin, which I don't recommend, then buy something that's alot more fun to hold in your hand.
I previously spend about $40 on a NSFW silver round with a depiction of a girl holding shopping bags and a guilty smirk on her face. The round reads "Keep me and go broke!". I bought that to remind myself not to always blow my money on high-premium low-return items like low mintage coins. Once in a while is fun, but not regularly. Take it from someone with a spending addiction.
I'm glad I reduced all my Morgan and Peace subscriptions to 1 each last year. Its kind of a shock that they are raising the prices for those who subscribed long ago. I could understand making them 91 dollars for those who did not subscribe. I could only imagine that the Proofs will be 95 and I bet the reverse proof set will be 200+ dollars. I see this as a good thing as it might end up reducing the mintage and therefore justifying the values. I'm still in even if I take an L this year on all these numismatic pieces.
Ouch that is crazy 🤣😧
I no longer buy expensive coins unless they are for my personal collection and i am not selling them.
Thx Sal. Great video. And Awesome info update. U ROCK Doc. 👍👀🖖👻🤘😎🎸🎶🎵
I thought the US mint was told to cut back the minting of silver egels by the Treasury despite the demand.
You hit the nail on the head “started 2021” …. Change of management!
Good information here ! FJB 💕😺😺 Thank you,SAL FJB 💕😺😺
Original coins upgraded are still cheaper for most
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I read this email *too* quickly. It shows you only hear what you want to hear. I could have sworn I read “we are letting you know because you have a coin subscription, that we are raising our coin prices. But that’s just for new subscriptions - but you have an existing subscription you are grandfathered in) …. Wishful thinking ! 😂
Agree with a few comments as a individual buying just a few coins they cater to the businesses buying 10,000 so it’s all about greed. There should be a lottery. Honestly there should be a lottery and if you get the number in the lottery, you should have the right to say byewhatever you want and quit giving the big money people that opportunity to just buy them and resell them at a higher price almost like a ticket scalper that’s all they are
They need to put out 1 hit free wonders then id buy
Just one more reason to buy something else for cheaper and better quality.
I'm late..but i'm not tardy!! 🤘🍻
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Big like number 699! Excellent video and thank you so much for sharing!
I like the 2 piece reverse proof Morgan and Peace dollar sets.
I cancelled serval of my other mint subscriptions.
I wonder if sellers on EBAY will raise their prices ..I bought a bunch of silver mint sets a few years ago for 105 each..I thought that was expensive. 2023 Morgan and Peace dollars wound up being a good deal if sellers raise their prices too.
Well they won't have line ups unless spot goes to a hundred LoL
I am a new mint subscriber (2023) and should be getting this year's morgan and peace sets but, hearing about this now it will be the last time. Now, can someone please tell me what the letters NK,NJ,NH and so on mean on the mint's coin description? Thanks for any information on this. God bless all.
Are we really that surprised? Maybe Joe Big Guy should be notified of this email since he claims inflation is under control.
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How many people are going to complain about the fact they cost 91.00 and at the same time those same people will turn around and pay hundreds of dollars on eBay for them
The US Mint is doing what everyone else is doing, gouging the consumer. I'll get my silver and gold used, thanks.
Keep them
I only own the 2021 high relief peace dollars pcgs graded fdoi ms70. In 2022, i told the US MINT Audios Derpchopos!!!
I stopped buying from them after the 5 ounce ATB coins. Other mint coins so much better and cheaper.
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Where are you at SAL.
Right here
do not buy from tv ads.