From our perspective, we have two major factors driving the latest rises in the costs of the coins we sell. At first, it was primarily due to the chaos introduced into the market by the broad-based tariffs. Even if bullion was not included, the three big shipping companies had poorly implemented procedures and we would be charged for duties as if the coins were having the tariffs added . We have several cases contesting these charges but they are taking months to resolve.
The more important factor is the loss of dollar value compared to the euro. The rate this morning was 1.17 euro to 1 dollar but, recently, it has been up to 1.19. This certainly has a direct impact on the prices we pay foreign mints. Just a few months ago, the rate was around 1.05 euros to 1 dollar.