Might be a bug in the system. I was looking up gold proof coins this afternoon and sure enough it displayed "product is not available" - but for 2005, not 2006.
Salute the automobile: The greatest anti-pollution device in human history! (Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
Yeah, they were selling the proof halves for $385 and I figured at $700 gold, they were probably going to get run on but figured anything over $650 and they would be pressured...sweet.
I believe a group bought them all up earlier this week - I like the move considering the sets were selling so close to "melt" - I believe lots are available now at around $50/set over cost with min. order of 250 sets.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
According to the Mint webtsite, the 2006 gold coins are no longer available.
These coins must have sold out today since I went into the system last night and successfully ordered a 1 ounce gold coin. Everything was available last night but the continued rise in gold prices probably resulted in someone buying the remaining coins as noted by another member.
My order shows it in stock and reserved. Hope to see it soon.
Due to the increasing market value of gold, the American Eagle Gold Proof Coins are temporarily unavailable while pricing for this option can be adjusted; therefore, no orders can be taken at this time. We expect products to be available with adjusted pricing on or after May 11, 2006.
"The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
Looks like the Mint is becoming like many sellers on sleeze-bay! Every time precious metal prices rise.... the sellers scurry to increase their fixed prices or "buy it now" prices. NOW....not only can kids learn about coin collecting at the US Mint....they can learn about greed too! This is becoming absurd!
Dang, I totally called this a month ago! (I wondered on this board what would happen if gold kept rising; would they pull the program early or reprice)
"I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
<< <i>Looks like the Mint is becoming like many sellers on sleeze-bay! Every time precious metal prices rise.... the sellers scurry to increase their fixed prices or "buy it now" prices. NOW....not only can kids learn about coin collecting at the US Mint....they can learn about greed too! This is becoming absurd!
There goes the neighborhood! >>
Well, to be fair, what *can* they do? If gold hits $780, they can't keep selling one oz gold coins at $770. The production costs of proofs, plus the boxes, coas, etc, add to the overall cost as well.
"I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
<< <i>Due to the increasing market value of gold, the American Eagle Gold Proof Coins are temporarily unavailable while pricing for this option can be adjusted; therefore, no orders can be taken at this time. We expect products to be available with adjusted pricing on or after May 11, 2006. >>
This is what I had heard, and was kinda expecting b/c they have been so cheap relative to spot... usually they sell the proof stuff at 15% over Spot, if I remember correctly...
I'd bet it's just from the demand on the regular eagles. Why turn away the proof bizz? Because the regular ones bring in the dough and the demand is enormous right now. $30-$40 premium on just regulars from most wholesalers. The mint can't keep up. Eagles don't generate a 1099 on sale and people want them.
So, the mint is raising the price of an item based on the increasing price of the underlying commodity, despite the fact they (presumably) already owned the gold they made the proofs out of. If that commodity were oil this would be blatant price gouging and getting investigated by Congress. Glad I already bought one (and I don't even usually 'collect' liteside let alone proof gold!).
CC2GO
Posts: 664
Comments
(Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
"The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
Wondercoin
These coins must have sold out today since I went into the system last night and successfully ordered a 1 ounce gold coin. Everything was available last night but the continued rise in gold prices probably resulted in someone buying the remaining coins as noted by another member.
My order shows it in stock and reserved. Hope to see it soon.
"The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
the sellers scurry to increase their fixed prices or "buy it now" prices. NOW....not only can kids learn about
coin collecting at the US Mint....they can learn about greed too! This is becoming absurd!
There goes the neighborhood!
The silver ascent is far from over.
<< <i>Looks like the Mint is becoming like many sellers on sleeze-bay! Every time precious metal prices rise....
the sellers scurry to increase their fixed prices or "buy it now" prices. NOW....not only can kids learn about
coin collecting at the US Mint....they can learn about greed too! This is becoming absurd!
There goes the neighborhood! >>
Well, to be fair, what *can* they do? If gold hits $780, they can't keep selling one oz gold coins at $770. The production costs of proofs, plus the boxes, coas, etc, add to the overall cost as well.
<< <i>Due to the increasing market value of gold, the American Eagle Gold Proof Coins are temporarily unavailable while pricing for this option can be adjusted; therefore, no orders can be taken at this time. We expect products to be available with adjusted pricing on or after May 11, 2006. >>
This is what I had heard, and was kinda expecting b/c they have been so cheap relative to spot... usually they sell the proof stuff at 15% over Spot, if I remember correctly...
42/92
Probly cuz they want to do their OWN taxes.
Cathy