US Silver Sets Re-Priced As Coin Melt Values Decline

Four silver sets offered by the United States Mint were briefly unavailable today, May 22, 2013, because they were pulled for re-pricing. Coin melt values of the silver sets have declined along with silver so the US Mint reduced their prices.

Re-Priced US Silver Sets

Three of the four US Mint silver sets that were re-priced as their coin melt values fell

US Mint products with new, lower prices include the 2013 US Silver Proof Set, 2012 – 2013 America the Beautiful Quarters Silver Proof Sets and the 2013 Congratulations Set.

2013 US Silver Proof Sets were released on May 2, 2013 for $67.95. These sets have 14 proof coins with 7 of them composed of 90 percent silver and 10 percent copper. The set’s total silver content is 1.33823 troy ounces for a total coin melt value of $29.84 when silver is at its current $22.30 an ounce price. Today, the US Mint lowered the set’s price by $7 to $60.95.

2012 and 2013 America the Beautiful Quarters Silver Proof Sets respectively launched on January 10, 2012 and January 8, 2013 at the same $41.95 price. These silver sets include five 90 percent silver quarters for a combined silver content of 0.90420 troy ounces. That makes their coin melt values equal to $20.16 per set at silver’s current price of $22.30 an ounce. The US Mint reduced prices for the quarters’ sets by $5 to $36.95.

Finally, the 2013 Congratulations Set debuted on April 30, 3013 at a price of $64.95. This set has a single coin, the 2013 American Eagle One Ounce Silver Proof Coin. Composed from one-ounce of 99.9 percent pure silver, the melt value of this silver coin exactly matches the current price of silver. The US Mint lowered the price of the 2013 Congratulations Set by $5 to $59.95.

Anyone interested may purchase the silver sets online from the US Mint store at www.usmint.gov/catalog.

The US Mint changes prices on its collectible gold and platinum products up to weekly. Its frequency of adjusting prices on silver coins and silver sets is greatly reduced, and typically requires sharp movements in silver prices. The last time the US Mint halted and then modified prices on its silver sets was in March 2011.

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