The U.S. Mint has raised prices for silver collectible grade coins, both proof and uncirculated, that it sells directly to the public. This has no bearing on the investment grade bullion coins that are available only through authorized dealers like Nationwide Coin & Bullion Reserve.
The new price for a 2023-W Proof American Silver Eagle is $80, an increase of $7. The Uncirculated 2023-W American Silver Eagle coins now cost $76, a price increase of $9. Both are one-ounce collectible coins. Their “W” mint mark indicates that the coin was minted at the West Point, New York mint facility.
“Price increases are a last resort, but these increases are necessary at this time so that we can continue to produce products with the highest level quality that our customers have come to expect,” said the Mint. “We must increase prices in order to ensure the numismatic program remains selfsupporting, as required by statue.” The last price increase was in 2020 when the Mint raised the price for oneounce Proof American Silver Eagle coins.
The U.S. Mint produces three grades of American Gold and Silver Eagles. Bullion coins, the simplest and most reliable way for investors to purchase genuine gold and silver, are made from polished blanks that are inserted into a die and stamped once. The collectible grades, which carry a premium price, require further production. Uncirculated coins have the “W” mint mark added and then are sealed into protective plastic cases. Proof coins, which also carry the “W” mint mark and the plastic casing, are struck multiple times in the die so that they are finished to a more exacting standard. All of the one-ounce American Gold and Silver Eagles contain the same quantity of precious metal, making bullion coins most appropriate for investment purposes.