US Mint Raises Premiums on Silver Eagle Bullion Coins (Again)

[jeff of pa]

Today, the United States Mint published notification that they would be raising the premiums charged for American Silver Eagle bullion coins. This refers to the premium above the price of silver at which the US Mint sells the bullion coins to Authorized Purchasers. The premium will increase from $1.40 per coin to $1.50 per coin. The increase will be effective from February 9, 2009.

The US Mint cited the recent price increase for “raw materials silver” as the reason for the increase. Less than four months ago on October 14, 2008, the US Mint had raised premiums from $1.25 per coin to $1.40 per coin. At that time they had cited “increases in the cost of acquiring silver blanks.”

http://goldandsilverblog.com/us-mint...n-coins-again/

[CanUDigIt]

With the gold ownership issue also going on, do they seem to be acting a little weird lately? They are scaring me...

[markmopar]

The local coin shop has 2009 Eagles for $19.95

[Roadquest]

I would think that all indications would lead to Silver taking a big gain in price.

RQ

[jim4silver]

They raised the premiums on gold bullion coins that they sell too.

Jim

[treasurefiend]

Un less your trying to get high grade MS coins for slabbing, I say too hell with buying from the mint.