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-   -   US Mint New Pricing Policy for Gold & Platinum Numismatic Products (http://goldismoney.info/forums/showthread.php?t=337106)

keehah 01-06-2009 08:27 PM
US Mint New Pricing Policy for Gold & Platinum Numismatic Products
 
Jan06,09: US Mint Publishes New Pricing Policy for Gold & Platinum Numismatic Products
Quote:
Effective January 12, 2009, the United States Mint will commence
selling numismatic products containing American Eagle Gold and Platinum
Coins, American Buffalo Gold Coins, First Spouse Gold Coins, and the
2009 United States Mint Ultra High Relief Double Eagle Gold Coin at
prices established by using the new pricing methodology. 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.
An example from the chart:

Price of gold: $800.00 to $849.99,
Price of Americian Eagle:$1,078.00

From the Federal Register Online via GPO Access

More evidence the COMEX/spot price is BS? Over a 25% premium!

AGRO 01-06-2009 09:09 PM
Re: US Mint New Pricing Policy for Gold & Platinum Numismatic Products
 
Not sure if I like that idea, guess it can be both good and bad...

Duncan 01-06-2009 10:24 PM
Re: US Mint New Pricing Policy for Gold & Platinum Numismatic Products
 
30% markup, so the USA no longer has bullion coins then. Period.

At least the taxpayer can save money, since they will only have to make a few dozen this year! hahahahahah

HistoryStudent 01-06-2009 10:34 PM
Re: US Mint New Pricing Policy for Gold & Platinum Numismatic Products
 
THINGS to NOTE: Now, now, boys and girls, quit using common sense because you'll be smarter than the Obummer's Cabinet picks - per Maybury - of the 17 most are downright STATISTS. Gosh, where's the change? #2 the gold price dumped today because the INDEX funds had to reduce their 8% gold holdings to 6% - and somebody bought a few tons - :111: #3 Funny how the commodity gold won the only advance for the year of about anything - the PTB - killed it's percentage on the Index. Funny how they only pick the BEST stocks for the DOW - now I wonder why? :111::111::signs14:

HistoryStudent 01-06-2009 10:55 PM
Re: US Mint New Pricing Policy for Gold & Platinum Numismatic Products
 
Fed site has NADA in PMs basically for sale except for 10th oz. gold at $1800 ounce. I wonder why? :signs14::111::111:

californiaprospector 01-07-2009 12:09 AM
Re: US Mint New Pricing Policy for Gold & Platinum Numismatic Products
 
They have pricing for GAE fractionals, so, does that mean they will produce them, or is it just a tease (or required by law or regulation)?

HistoryStudent 01-07-2009 08:50 AM
Re: US Mint New Pricing Policy for Gold & Platinum Numismatic Products
 
Quote:
Originally Posted by californiaprospector (Post 1499168)
They have pricing for GAE fractionals, so, does that mean they will produce them, or is it just a tease (or required by law or regulation)?
Yes try to buy a gold, silver, or platinum multi variety today today on the site - but, it is the change over for the year. Come Feb. 1st - we might have a true handle on the possible future of the PMs at the USMint.

Maybe they go into "DEEP STORAGE" too like the people's gold held in trust by the so-called USTreasury. :111::111::signs14:

pbr streetgang 01-07-2009 04:48 PM
Re: US Mint New Pricing Policy for Gold & Platinum Numismatic Products
 
I suspect that this will be a good year to invest in U.S. Mint coins from a numismatic stand point. Why?
The metal price plus the newly inflated premium is going to drive away alot of retail investors so this equals low mintage numbers. Plus I also see PM prices higher by years end and they will also adjust their prices which will further drive away investors. If last years mintage numbers are correct then this year will be lower. Lastly, with the elimination of the fractional pieces I cannot see too many people buying a full ounce of minted coins especially proofs. Now if we add rising unemployment, softening economy, inflation blah, blah, blah.....you get my point.


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