2011- W Proof Silver Eagles $59.95 each!

Last year the Mint offered 2010-W Proof Silver Eagles at a price of $45.95 each and many collectors thought the price was too high. Previously, prices for 2008-W Proof Silver Eagles were at $31.95 each since the Mint did not produce any Proof Silver Eagles in 2009. In 2011, the Mint has raised the prices for Proof Silver Eagles once again. The price is now $59.95 for each 2011-W Proof Silver Eagle.

According to the Mint, the price of silver is up about 37% compared to when they launched the 2010-W Proof Silver Eagles. At the time they sold 2010-W Proof Silver Eagles, the spot price of silver was trading at about $22 an ounce; compare this to today's price of about $36 an ounce. That's about a $15 price difference in the spot price of silver alone. Yet, the Mint only raised the price to $14. So, don't blame the price increases on the Mint, blame it on whoever is making the spot price of silver go up!