US Mint Gold and Platinum Products Return, Prices Mostly Lower
Around 12:00 Noon ET today, all of the gold and platinum products went back on sale at the US Mint. These products had become unavailable for sale yesterday without any explanation from the Mint.
The only products which have not gone back on sale are the three Sold Out products noted yesterday: the 2008-W 1/10 oz. Unc Gold Buffalo, 2008-W 1/10 oz. Unc Platinum Eagle, and 2008-W 1/4 oz. Unc Platinum Eagle.
The vast majority of new prices are lower. Oddly, some prices have been increased. The increases have impacted all 1/10 oz. coins and some of the 1/4 oz. coins.
Below is a list of all of the gold and platinum products, including the old prices, new prices, and change in price:
| Product | Old Price | New Price | Change |
| 2008 Jackson FSG Proof | 619.95 | 549.95 | (70.00) |
| 2008 Jackson FSG Unc | 599.95 | 524.95 | (75.00) |
| 2008 L. Adams FSG Proof | 619.95 | 549.95 | (70.00) |
| 2008 L. Adams FSG Unc | 599.95 | 524.95 | (75.00) |
| 2008 Monroe FSG Proof | 619.95 | 549.95 | (70.00) |
| 2008 Monroe FSG Unc | 599.95 | 524.95 | (75.00) |
| 2008 1 oz. Gold Buffalo Proof | 1,199.95 | 1,049.95 | (150.00) |
| 2008 1/2 oz. Gold Buffalo Proof | 619.95 | 549.95 | (70.00) |
| 2008 1/4 oz. Gold Buffalo Proof | 329.95 | 312.45 | (17.50) |
| 2008 1/10 oz. Gold Buffalo Proof | 159.95 | 164.95 | 5.00 |
| 2008 Gold Buffalo Proof 4 Coin Set | 2,219.95 | 2,005.45 | (214.50) |
| 2008-W 1 oz. Gold Buffalo Unc | 1,059.95 | 999.95 | (60.00) |
| 2008-W 1/2 oz. Gold Buffalo Unc | 539.95 | 524.95 | (15.00) |
| 2008-W 1/4 oz. Gold Buffalo Unc | 289.95 | 297.45 | 7.50 |
| 2008-W 1/10 oz. Gold Buffalo Unc | 129.95 | N/A | N/A |
| 2008-W Gold Buffalo Unc 4 Coin Set | 1,959.95 | 1,902.45 | (57.50) |
| 8-8-08 Double Prosperity Set | 1,228.88 | 1,078.88 | (150.00) |
| 2008 Buffalo Celebration Coin | 1,118.88 | 968.88 | (150.00) |
| 2008 1 oz. Gold Eagle Proof | 1,199.95 | 1,024.95 | (175.00) |
| 2008 1/2 oz. Gold Eagle Proof | 609.95 | 534.95 | (75.00) |
| 2008 1/4 oz. Gold Eagle Proof | 329.95 | 302.45 | (27.50) |
| 2008 1/10 oz. Gold Eagle Proof | 149.95 | 162.95 | 13.00 |
| 2008 Gold Eagle Proof 4 Coin Set | 2,199.95 | 1,952.45 | (247.50) |
| 2008-W 1 oz. Gold Eagle Unc | 1,119.95 | 974.95 | (145.00) |
| 2008-W 1/2 oz. Gold Eagle Unc | 565.95 | 509.95 | (56.00) |
| 2008-W 1/4 oz. Gold Eagle Unc | 295.95 | 287.45 | (8.50) |
| 2008-W 1/10 oz. Gold Eagle Unc | 124.95 | 154.95 | 30.00 |
| 2008-W Gold Eagle Unc 4 Coin Set | 2,039.95 | 1,862.45 | (177.50) |
| 2008 1 oz. Platinum Eagle Proof | 1,324.95 | 1,119.95 | (205.00) |
| 2008 1/2 oz. Platinum Eagle Proof | 674.95 | 599.95 | (75.00) |
| 2008 1/4 oz. Platinum Eagle Proof | 349.95 | 359.95 | 10.00 |
| 2008 1/10 oz. Platinum Eagle Proof | 149.95 | 199.95 | 50.00 |
| 2008 Platinum Eagle Proof 4 Coin Set | 2,419.95 | 2,179.95 | (240.00) |
| 2008-W 1 oz. Platinum Eagle Unc | 1,214.95 | 1,069.95 | (145.00) |
| 2008-W 1/2 oz. Platinum Eagle Unc | 619.95 | 569.95 | (50.00) |
| 2008-W 1/4 oz. Platinum Eagle Unc | 319.95 | N/A | N/A |
| 2008-W 1/10 oz. Platinum Eagle Unc | 134.95 | N/A | N/A |
| 2008-W Platinum Eagle Unc 4 Coin Set | 2,219.95 | 2,089.95 | (130.00) |
I will have additional information later along with some thoughts and responses on the sudden and unexplained price decreases.
Labels: US Mint
posted by Mint News Blog @ 9:36 AM
5 Comments:
Glad I got my 1/10th Proof Platinum last week.
Can anyone explain to me why dealers raised their prices on encapsulated proof buffalos even though mint lowered them?
This is agaist logic! I thought that numismatic world with the exeption of the mint has more common sense.
no price adjustment policy at the usm... my 1oz plat uncircs go back today.... i'll have to re-buy them
I am returning my 1/2 oz Platinum. I am not reordering either. I just find it very rude the way they are treating long time customers. It makes more since to give me a $50 credit than to make me return the item to repurchase the item. This is not good business!
I agree with the previous poster. The mint has records of everyone who has purchased the coins over the last 30 days that have been reduced. There is no reason that they can't issue the credit, without going through the return routine.
This whole episode shows that the government should not be in the business of pricing the coins--they should just let dealers do it. The fact that collector coins are being sharply curtailed shows they realize it, but they are throwing out the baby with the bathwater. I feel bad about recently ordering coins at higher prices--some outside the 30 days and some within. I don't want to risk the coins getting lost through the return process. I can imagine there are even angrier people who paid much more for platinum coins earlier this year.
I'll be doing my shopping with the RCM and the Australian mints in the future. At least they have a clue! Set a reasonable price and stick with it.
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