Rapidly rising bullion prices are hard to keep up with.
I had an e-mail yesterday from a reader who was looking at the Mint’s website and evaluating the offerings based on the size of the premium over bullion that he could buy the product. The higher the premium, the less desirable the purchase. The lower the premium, the more desirable.
By no means is the Mint selling gold or silver for less than melt value.
However, the reader did identify one product that was getting close to melt value.
The 2009 District of Columbia and U.S. Territories proof set features six 90 percent silver quarters. Each coin contains 0.18084 ounces of silver, or a total of 1.08504 troy ounces.
At yesterday’s price, that works out to just over $25 in silver value. At today’s price the silver value is $26.42.
Issue price is $29.95 a set plus a $4.95 per order for shipping and handling. If you order 100 sets, the $4.95 adds less than a nickel a set to the cost, or $30 if you like round numbers.
If you didn’t get the set, you’d better hurry. Deals like this don’t last long.