Home U.S. Coin Forum

***The Official American Eagle 2021 Gold Proof Coin(s) Thread*** _Mint Hi-Res images posted

191011121315»

Comments

  • MsMorrisineMsMorrisine Posts: 27,493 ✭✭✭✭✭

    @HoneyMarket said:

    @cagcrisp said:
    A Gold Grid price change is one thing.
    A weekly price adjustment is something else.
    A Gold Grid price change is permanently Upwards.
    A weekly price adjustment can be Up or Down…

    So, even if the price of gold fell drastically, the grid price on these would not change?

    As mentioned…

    A weekly price adjustment can be Up or Down…

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • cagcrispcagcrisp Posts: 701 ✭✭✭✭

    @HoneyMarket said:

    @cagcrisp said:
    A Gold Grid price change is one thing.
    A weekly price adjustment is something else.
    A Gold Grid price change is permanently Upwards.
    A weekly price adjustment can be Up or Down…

    So, even if the price of gold fell drastically, the grid price on these would not change?

    The entire Gold Grid was adjusted Upward two weeks ago. The premium to LBMA Gold fixes will not decline. Weekly the grid changes prices based on LBMA Gold fix. The LBMA Gold fix changes +/- daily. Weekly the Mint changes pricing on Wednesday afternoon +/- depending on the daily fixes…

  • cagcrispcagcrisp Posts: 701 ✭✭✭✭
    edited May 26, 2021 4:54PM

    Currently the 2021 Gold Buffalo Proof sells for $2,790.00
    That’s based on LBMA Gold of $1,850.00-$1,899.99
    Premium for the Gold Buffalo to LBMA Gold of $1,850.00 is $920.00
    That premium will Not go down.
    IF next week the daily LBMA fixes are Under $1,850.00 then the Mint will drop the 2021 Gold Buffalo to $2,740.00
    IF next week the daily LBMA fixes are Over $1,899.99 then the Mint will increase the 2021 Gold Buffalo Proof to $2,840.00…

  • HoneyMarketHoneyMarket Posts: 106 ✭✭✭

    Got it...(I think)!

    I'm done asking questions and trying to understand Mint pricing...
    I'll just stick to prices and the price increase (or potential decrease) of these 2021 AE Gold Proofs.

  • MsMorrisineMsMorrisine Posts: 27,493 ✭✭✭✭✭

    Go on the mint web site and search for the pricing grid

    Read it and you’ll understand

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MilesWaitsMilesWaits Posts: 4,642 ✭✭✭✭✭

    $2800 for the Gold Buff Proof!!
    Once again, glad I got enuf.

    Waiting for the swell in PM's and surf.
  • MetroDMetroD Posts: 464 ✭✭✭

    @HoneyMarket said:
    Got it...(I think)!
    [...]

    It can be confusing at first. Hopefully, this will help. :)

    The current 'grid', or 'pricing range table', can be found here.

    The row used to set the price at release is determined by the "average price per ounce" (i.e., the left-hand column). For example, 21EL was released on 5.13.21 at $2,740.00. This means that the "average price per ounce" at release was between $1,800.00 and $1,849.99.

    To find this on the 'grid', locate the "American Buffalo 24K Gold Proof" column. Scroll down this column until you see $2,740.00. This price is in the row that corresponds to an "average price per ounce" of "$1,800.00 to $1,849.99".

    However, as you pointed out, the price of the underlying PMs can change after release, either up or down. So, the Mint re-visits the 'grid', and the resultant pricing, on a weekly basis.

    The 'rules' for changing the 'price/row', can be found here. At this point, the details are not important. Just know that the Mint employs a systematic approach.

    Continuing with the 21EL example, the price increased today from $2,740.00 to $2,790.00. This increase was 'triggered' by the Mint's weekly 'grid' review. This means that, per the 'rules', the applicable "average price per ounce" changed. The new row is "$1,850.00 to $1,899.99".

  • HoneyMarketHoneyMarket Posts: 106 ✭✭✭

    @MetroD said:

    @HoneyMarket said:
    Got it...(I think)!
    [...]

    It can be confusing at first. Hopefully, this will help. :)

    The current 'grid', or 'pricing range table', can be found here.

    The row used to set the price at release is determined by the "average price per ounce" (i.e., the left-hand column). For example, 21EL was released on 5.13.21 at $2,740.00. This means that the "average price per ounce" at release was between $1,800.00 and $1,849.99.

    To find this on the 'grid', locate the "American Buffalo 24K Gold Proof" column. Scroll down this column until you see $2,740.00. This price is in the row that corresponds to an "average price per ounce" of "$1,800.00 to $1,849.99".

    However, as you pointed out, the price of the underlying PMs can change after release, either up or down. So, the Mint re-visits the 'grid', and the resultant pricing, on a weekly basis.

    The 'rules' for changing the 'price/row', can be found here. At this point, the details are not important. Just know that the Mint employs a systematic approach.

    Continuing with the 21EL example, the price increased today from $2,740.00 to $2,790.00. This increase was 'triggered' by the Mint's weekly 'grid' review. This means that, per the 'rules', the applicable "average price per ounce" changed. The new row is "$1,850.00 to $1,899.99".

    Thank you for detailing a specific example in your explanation that even someone boneheaded like me could understand.

    I'm a visual learner, so using the 2021 Gold Buffalo weblink example and its corresponding updated price made perfect sense when you put it all together. When I first opened up "the grid", I was like...this is one of those crazy, busy, spreadsheets...but you spelled it out for me and I was able to follow along.

    Thanks-again!

  • GoldbullyGoldbully Posts: 15,489 ✭✭✭✭✭

    The mint finally posted the High Resolution images of the new reverse.






    https://www.usmint.gov/news/image-library/american-eagle-gold-proof-coins#2021onenew

  • GoldminersGoldminers Posts: 2,069 ✭✭✭✭✭

    Getting a little bit old, and scruffy. These days are tough for eagles, too :/

    National Commemorative Medals of the U.S. Mint:
    https://www.pcgs.com/setregistry/alltimeset/195526

  • MsMorrisineMsMorrisine Posts: 27,493 ✭✭✭✭✭

    hmmm

    side-by-side one looks like a chicken

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • GoldbullyGoldbully Posts: 15,489 ✭✭✭✭✭
    edited May 27, 2021 5:45PM

    @MsMorrisine said:
    hmmm

    side-by-side one looks like a chicken

    Damn, I'm seeing that. And this is the start of the type 2 reverse that everyone is fighting for?

    At least the silver proof reverse looks like an eagle.

  • GoldbullyGoldbully Posts: 15,489 ✭✭✭✭✭

    And I repeat, do NOT sell your 69's....at least for now.
    And this example is First Day of Issue.

    There are several other examples of 69's getting clobbered at GC.



    Mint cost was around $2,400.

    https://www.greatcollections.com/Coin/997926/2021-W-50-One-Ounce-Gold-American-Eagle-Type-1-First-Day-of-Issue-PCGS-Proof-69-DCAM

Sign In or Register to comment.