about pricing gold proofs
TwoSides2aCoin
Posts: 44,470 ✭✭✭✭✭
In another thread, the issue came up about the U.S. Mint adjusting prices.
This is just in from Numismatic News , July 25 edition:
Mint again reprices proof gold Eagles:
For the second time in 2006, fluctuating prices of gold have caused the U.S. Mint to reprice its proof gold American Eagle coins.
Sales were halted June 30 to allow for a downward revision following and upward hike in May. On July 10 sales resumed at the new prices.
The one-ounce coin is sold out as an individual sales option. The half-ounce proof was reduced to $420 each from May's $445 price. The quarter ounce was reduced to $215 from May's $220.
The tenth-ounce proof coin is priced now at $105, down from $110 in May.
The four-coin proof gold set, which includes one of each weight, including the one ounce, has a new price of $1495, down from $1575.
Check the U.S. Mint Web site to order at www.usmint.gov.
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Do these adjustments fatten the profits already worked in prior to minting these coins ?
Is this a new trend for the U.S. Mint ?
Are the costs of re pricing and the logistics of stopping and starting sales feasible or costing millions more ?
Why not the base metal clad coins (proof sets, nickels, statehood quarters, halves and sacagaweas) ?
Why not platinum or silver ?
This is just in from Numismatic News , July 25 edition:
Mint again reprices proof gold Eagles:
For the second time in 2006, fluctuating prices of gold have caused the U.S. Mint to reprice its proof gold American Eagle coins.
Sales were halted June 30 to allow for a downward revision following and upward hike in May. On July 10 sales resumed at the new prices.
The one-ounce coin is sold out as an individual sales option. The half-ounce proof was reduced to $420 each from May's $445 price. The quarter ounce was reduced to $215 from May's $220.
The tenth-ounce proof coin is priced now at $105, down from $110 in May.
The four-coin proof gold set, which includes one of each weight, including the one ounce, has a new price of $1495, down from $1575.
Check the U.S. Mint Web site to order at www.usmint.gov.
------------------------------------------------------------------------------------------------------------------------------------
Do these adjustments fatten the profits already worked in prior to minting these coins ?
Is this a new trend for the U.S. Mint ?
Are the costs of re pricing and the logistics of stopping and starting sales feasible or costing millions more ?
Why not the base metal clad coins (proof sets, nickels, statehood quarters, halves and sacagaweas) ?
Why not platinum or silver ?
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