2007-W Gold Eagles

inthedark

What happens if spot price goes above the mint list price

are they allowed to raise the price?

ty
frank

MoneyLA

I am sure that the price will be adjusted if the spot price of gold goes up.

I just ordered one off the mint web site, seeing that the price with shipping is only about $40 from the spot price.

frankly I am surprised that the mint uses this pricing method.

I recall when the mint was selling the American Arts gold medallions in the early 1980s... when gold prices were volatile. You had to place your order based on the days spot NY closing price, and you had to get a postal money order with that exact amount and it had to mailed that same day.

I suspect that if gold prices shoot higher, the mint will use a similar sales/price method again, otherwise the mint could be selling gold below the spot price.

now another question: is there a mintage limit on the 2007-W AGEs?? a maximum number that will be minted? or when will the cut off be for 2007 coins.

thanks

Alan Mendelson
BestDealsTVshow.com

Overdate

If I recall correctly, in 2006 the price of platinum briefly exceeded the Mint's price for the 2006-W one ounce platinum coin.

I believe the best 2007-W gold eagle value, in terms of percent above bullion price, is the four-coin set.

HonoluluDude

They will adjust the price. They've done it before.

MoneyLA

I think you are correct, that the four coin uncirculated set has the smallest mark up above the bullion price.

here's what I found using Sunday night's figures

one ounce coin (all prices without shipping, rounded)
mint price $750
bullion price $705
mark up 6%

four coin set
mint price $1,380
bullion price (1.85 ounces) $1,304
mark up 5.5%

let me know if you come up with different numbers.

cheers, Alan Mendelson
BestDealsTVshow.com

GAT

There are no mintage limits on the 2007-W coins. The only limiting factor is when the Mint stops selling them and you never know when that might occur.

jmski52

I suspect that if gold prices shoot higher, the mint will use a similar sales/price method again, otherwise the mint could be selling gold below the spot price.

now another question: is there a mintage limit on the 2007-W AGEs?? a maximum number that will be minted? or when will the cut off be for 2007 coins.

In the past, the Mint has made both upward and downward adjustments in the pricing of the bullion-related coins during the course of the offering. They sometimes lag a bit, but if the price trend continues, you can be sure that an adjustment will follow.

There is no mintage limit on the "W" Uncs, but the cutoff date is not known in advance. They are supposed to be "minted to demand," which is basically true, except that once practical considerations are made for inventories and production planning they will cease production sometime before the end of the year. Then, as the inventories are sold out, the speculation begins. That part is very predictable.

For instance, the last production run of "W" Uncs in 2006 might have occured in October, but nobody was really aware of it, until the 1/4 oz. and 1/2 oz. Gold AGEs sold out in December. Once it became apparent that no more would be produced in 2006, the speculation over the mintage figures began in earnest. A similar pattern emerged in the 2006 "W" Plats.

Rarity

If bullion price for 1oz of gold is $705, a buyer has to pay $730 for a 1oz Canadian Maple Leave or 1oz American Eagle bullion coin. So the difference of $20 is quite small between a bullion gold coin and collector version AE gold coin

I expect the quantity of AE gold coins sold by the Mint will jump significantly in the next few weeks.

renman95

I picked up a 1 ouncer 2007-W unc. At $750 not much of a markup. Plus, compared to the 2006 W, the mintage will be low due to none of the 20th Anniv. hype.

Ren

ricko

I like looking at the AGE's I picked up for less than half the price of today's gold. Cheers, RickO

tyler267

Just a thought.

The real interesting part of the mints current pricing is the 30 day return privilage. Kitco currently lists the sell price for 1oz AGEs at 741.98. The bullion cost of the 4 pc set is currently 745.95. a premium of 3.98.

So I guess someone could purchase the AGE sets from the mint with a 30 day return privilage and wait and see what the market does. The only risk is the postage.

Unless the mint reprices quickly, I think alot of these sets will be sold this week.

Raufus

How does the current mintage (i.e., up until suspension of sales) of the Gold Eagle 2007 W uncs. compare with the final Gold Eagle 2006 w unc. mintage?

VintageJeff

Due to the increasing market value of gold, the American Eagle Gold Uncirculated Coins are temporarily unavailable while pricing for this option can be adjusted; therefore, no orders can be taken at this time.


Price: $749.95
Product is not available.