2009 US Mint Pricing Policy & Price of 2009 Ultra High Relief
asdfy
Posts: 103
As just posted on Mint News Blog the US Mint will roll out a new pricing policy starting next week that will allow them to update prices on a weekly basis.
The notification also includes information on the pricing of the 2009 Ultra High Relief Gold Double Eagle. If the average price of gold remains between $850 - $899.99, the price for the coin will be $1,239.00.
The notification also includes information on the pricing of the 2009 Ultra High Relief Gold Double Eagle. If the average price of gold remains between $850 - $899.99, the price for the coin will be $1,239.00.
Coin Update - Coin Collecting News and Articles - Updated Daily.
Mint News Blog - US Mint News, Product Information, and Commentary.
Mint News Blog - US Mint News, Product Information, and Commentary.
0
Comments
o Is the pricing at the time of the order or when the product is shipped?
o What about the 30 day return policy?
<< <i>The US Mint's new pricing policy is interesting but leaves several questions:
o Is the pricing at the time of the order or when the product is shipped?
o What about the 30 day return policy? >>
Great questions. I think the answer to the first would be the time of order. My guess on the second question would be that it still does apply.
I will see if I can get some definite responses.
Mint News Blog - US Mint News, Product Information, and Commentary.
Mark ups are kind of high.
I wonder how they will handle the 'cancel box'. Will they not let you cancel by they end of the week. If prices come out lower the Monday after you order, I think most people will cancel and re-order.
Should be interesting.
The Mint:
"Specifically, each Wednesday, the United States Mint will apply the average London Fix for platinum and gold (average of the London Fix prices covering the previous Thursday A.M. Fix through the Wednesday A.M. Fix) to the below pricing schedules. Price adjustments as a result of this process, if any, will be effective at 10 a.m. E.S.T. on the immediately following Thursday."
It's the average for the week. So, if we can bring the average price of gold under $849 for the week of Jan 15 - Jan. 21 we can get $50 off the High Relief !!!
SELL SELL SELL
<< <i>Mark ups are kind of high. >>
Yup. It's always that way when you are dealing with a monopoly.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>I wonder how they will handle the 'cancel box'. Will they not let you cancel by they end of the week. If prices come out lower the Monday after you order, I think most people will cancel and re-order.
Should be interesting. >>
This will be a nightmare for them in a down market.
Tons of cancels/returns with reorders.
The return policy may also be changing to combat this issue.
I buy a Plat today and when I receive it I don't like it and return it for a replacement. In the meantime Plat goes up $100 so now I get charged the new price.
This will make for an interesting year and discussion here.
Joe
cool website. is the blogger Michael Zielinski a member here?
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
Has the mint announced the day and time they will go on sale?
I'd be buying this coin the day it comes out.
Collector of Early 20th Century U.S. Coinage.
ANA Member R-3147111
The pricing structure below suggests that the US Mint will continue production of fractional coins...
<< <i>Why are fractional coins listed I thought they were done with them >>
Two different departments - not talking to each other. like i said earlier "we're dealing with a government agency, federal none the less."
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
-Paul
<< <i>$1200 and some change and you're out? This is a monsterly (new word?) awesome coin.
The pricing structure below suggests that the US Mint will continue production of fractional coins...
>>
Supposed to be "minted to demand" through 2009. Not exactly a quick flip that way.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Currently the mint price is down to about $150 to $175 per ounce gold so prices will be higher over spot than in the past.
I think this translates into lower sales but products will always be available as prices can change without them losing sales days like in the past.
My guess though is that may not overcome the much higher price over spot and sales will be less than expected, especially if gold and platinum prices continue higher.
PS It will be interesting to see how this new structure works but I am not sure it will improve sales is my point, only time will tell.
Exactly! I mean, with all of the (obsoleted) fractionals and sold-out items in this list, how do we know that this document is even current? Obviously, it's not current.
I knew it would happen.
<< <i>Just from a glance at this it looks like they will be asking about $300 over spot gold for an eagle gold ounce coin and almost $400 per ounce over spot on high relief.
Currently the mint price is down to about $150 to $175 per ounce gold so prices will be higher over spot than in the past.
I think this translates into lower sales but products will always be available as prices can change without them losing sales days like in the past.
My guess though is that may not overcome the much higher price over spot and sales will be less than expected, especially if gold and platinum prices continue higher.
PS It will be interesting to see how this new structure works but I am not sure it will improve sales is my point, only time will tell. >>
Those are obscene markups.
MOO
TD
<< <i>
<< <i>Just from a glance at this it looks like they will be asking about $300 over spot gold for an eagle gold ounce coin and almost $400 per ounce over spot on high relief.
Currently the mint price is down to about $150 to $175 per ounce gold so prices will be higher over spot than in the past.
I think this translates into lower sales but products will always be available as prices can change without them losing sales days like in the past.
My guess though is that may not overcome the much higher price over spot and sales will be less than expected, especially if gold and platinum prices continue higher.
PS It will be interesting to see how this new structure works but I am not sure it will improve sales is my point, only time will tell. >>
Those are obscene markups.
MOO
TD >>
I agree....sad thing is that people pay them
Reminds me of salaries for movie stars and sports "heroes". Obscene. But, people pay the jacked up prices to attend the shows and they get their salaries.
I've actually stopped going to movies much (I'll wait for it to hit DVD and the whole family can watch for $10-$20 (if we purchase it...cheaper to rent of course)) and stopped going to sporting events (don't have to worry about parking, traffic, etc).
Sure, I like both the above, but I so disagree with the money aspect that I hold out.
Same for a lot of the coin market in things like this. Maybe I will buy one but maybe I won't as it is obscene, minted to order, and throughout the year.
Imagine if gold goes up to $1200 soon, like some predict, then someone buys these....stays there for a month or so. Past the return period. Then, it craters like it did in 2008 to sub $800. Still an obscene profit, but someone just paid 50%+ over what someone else will be paying (kind of like the plat game was last year).
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
I wonder when the Mint will take collector budgets into account, instead of just taking collector budgets?
I knew it would happen.
<< <i>cool website. is the blogger Michael Zielinski a member here? >>
Thanks! Yes, I am a member here as "asdfy" and try to drop in from time to time.
<< <i>Why are fractional coins listed I thought they were done with them >>
The US Mint has had this new pricing methodology in the works since at least November, maybe much earlier. They probably thought 2008 fractionals would still be on sale when it went into effect.
Mint News Blog - US Mint News, Product Information, and Commentary.
<< <i>As fast as the price of gold is falling it will be under $1000 by the release date.
>>
I'm keeping my "fingers crossed."
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
I hope the mint didn't mean they were thinking of ending those products and will come back with them for 2009. From the postings on this board and other sites it seems many have already accepted that those are ended series yet there never was an official announcement as far as I remember.
Box of 20