The US Mint has just made effective pricing changes for certain products with silver coins. This includes the 2010 Silver Proof Set, 2010 America the Beautiful Quarters Silver Proof Set, and the upcoming 2011 Quarters Silver Proof Set.
The change comes in response to the rising market price of silver. During 2010, the price of silver gained more than 80%. For the year to date, silver is up about 14.5%.
In a recent post, I made mention of the fact that with higher silver prices, some currently available US Mint products had melt values approaching their product prices. The opportunity proved brief, as one of the products was suspended about a week later, and the other product closest to melt had its price adjusted today.
The pricing adjustments are as follows:
| Previous | New | Change | |
| 2010 Silver Proof Set | 56.95 | 64.95 | +8.00 |
| 2010 Quarters Silver Proof Set | 32.95 | 39.95 | +7.00 |
| 2011 Quarters Silver Proof Set | 39.95 | 41.95 | +2.00 |
The 2011 America the Beautiful Quarters Silver Proof Set is not yet available at the US Mint. Sales are scheduled to begin on March 29, 2011. The previous price was published in the Federal Register in January when the US Mint published prices for this year's products.
The price for the 2011 Silver Proof Set remains unchanged at $67.95.
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