I noticed last night that the US Mint site had taken its American Eagle 1-oz Silver Proof Coin off the table to adjust the previous price of $59.95. My guess was that they'd move the price up to $64.95 and continue increasing over time at $5 increments, similar to what they did with the First Spouse gold coins.
US Mint jacks up ASE Proof 1-oz by 14%
Why pay premiums for recent proof coins? The bullion coins are beautiful enough. The higher silver or gold goes, the more margin compression there will be on proofs/numismatics. Just say no.
I have to agree Blorf, but they are beautiful. I too almost wish I would have bought more. But after seeing them and holding them, they are simply stunning. Coming in a very nice case and encapsulated on a plastic case, it is almost worth the premium. Only time will tell if I did the right thing by buying them.
The proof ASE's are the most beautiful coins I've seen, IMO. Wish I could buy them for spot + $2, I'd stack nothing else.
So instead I buy the odd ASE non-proof I can get near spot, lots of morgans and peace dollars, and tons of 90%. Oh, and the yellow stuff, of course. . .
Haven't ya heard? They need more money to spend. The printers are going as fast as they can but can't keep up.
"More power Scotty! "Aye Captain, but I'm giving you all she's got."
I like my proofs... they look awesome. At $68.75 they are still undervalued IMHO, because we all know that the spot price is artificially low.
I will continue to buy proofs either for a keepsake or for gifts.... the presentation boxes make them great gifts for close family/friends!