tag:blogger.com,1999:blog-4433024393760369647.post1379280901809128935..comments2023-05-05T02:34:17.002-07:00Comments on Mint News Blog: US Mint Publishes New Pricing Policy for Gold & Platinum Numismatic ProductsUnknownnoreply@blogger.comBlogger13125tag:blogger.com,1999:blog-4433024393760369647.post-41031648969580863832009-01-13T09:09:00.000-08:002009-01-13T09:09:00.000-08:00I agree with many. Premiums are way too high unles...I agree with many. Premiums are way too high unless spot prices shoot up. If they go down, fewer will be buying until they think their might be a super low mintage creating a higher numismatic premium.<BR/><BR/>Prior week avg spot is fine for the benchmark but the premium should be more reasonable and set as a % of that spot for some the the lower price ranges.<BR/><BR/>I wonder why they are providing prices for Platinum Eagle PROOF "W" fractionals, the Platinum Eagle UNC "W" of any denomination, and the 10th anniversary set considering they are supposed to be sold out of the 2007 10th anniversary set and all 2008 "W" mintmark PAEs and only minting the 1 ounce PROOF for 2009 as noted here:<BR/><BR/>http://mintnewsblog.blogspot.com/2008/11/thoughts-on-us-mint-product.html<BR/><BR/>Perhaps this is the new "long-term" strategy going forward and they wanted to cover all bases. Maybe this is just in case any 2008s (or 10th anniv. sets) unexpectedly turn up in inventory.<BR/><BR/>It makes me wonder if we will see 2008 Platinum Eagles for sales again from the mint. If it is for anything but the "found" items in inventory, that would be very unfair to the people (especially individual "collectors") that ordered 4 to 7+ weeks ago only to see their orders cancelled.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-41130981586394545932009-01-10T19:33:00.000-08:002009-01-10T19:33:00.000-08:00These prices are outrageous and a huge contributin...These prices are outrageous and a huge contributing factor to the low sales figures for 2008 Proof Gold coins. If the mint continues to price-gouge collectors sales will just continue to decline.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-17149144643372458132009-01-08T07:26:00.000-08:002009-01-08T07:26:00.000-08:00Michael and Coinspeak,Thank you for your informati...Michael and Coinspeak,<BR/><BR/>Thank you for your informative and helpful responses concerning the Buffalo coin versus the Celebratio Buffalo coin. I appreciate your help. Take care.<BR/><BR/>LUnknownhttps://www.blogger.com/profile/02817583760464703377noreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-6198935662335532962009-01-07T13:20:00.000-08:002009-01-07T13:20:00.000-08:00No mention of silver. Presumably, it might be hand...No mention of silver. <BR/><BR/>Presumably, it might be handled under the old system. i.e. if the price rises enough, suspend sales until a new level can be established via publication in the Federal Register.Mint News Bloghttps://www.blogger.com/profile/15005852378363392557noreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-82238399040268260012009-01-07T13:17:00.000-08:002009-01-07T13:17:00.000-08:00Limalo-The 2008 Buffalo Celebration coin is the bu...Limalo-<BR/><BR/>The 2008 Buffalo Celebration coin is the bullion version of the coin in special "lucky" red packaging. The coin is identical to the coins that can be purchased from bullion dealers. This coin has a mintage above 100,000.<BR/><BR/>The US Mint sold a one-ounce 2008-W Uncirculated Gold Buffalo coin. They refer to this coin as a "collectible version" of the bullion coin. It can be differentiated by the "W" mint mark on the obverse. This coin has a mintage below 20,000.Mint News Bloghttps://www.blogger.com/profile/15005852378363392557noreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-348195763110735042009-01-07T13:16:00.000-08:002009-01-07T13:16:00.000-08:00The Celebration Buffalo has no "W" mintmark.The co...The Celebration Buffalo has no "W" mintmark.<BR/>The coin is in a plastic sealed wrap from the US Treasury. I believe it is a bullion coin and not a collectible version. Perhaps it could be qualified as a collectible if it is in the Celebration box.<BR/>It seems the US Mint was not clear in its description of the coin but if you read it you will note no mention of the "W" mintmark.I hope this is helpful.coinspeakhttps://www.blogger.com/profile/08056378952230029677noreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-66335281575053185382009-01-07T13:10:00.000-08:002009-01-07T13:10:00.000-08:00What about Silver?What about Silver?coinspeakhttps://www.blogger.com/profile/08056378952230029677noreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-32855943992685982832009-01-07T12:01:00.000-08:002009-01-07T12:01:00.000-08:00I'm a little bit confused about something concerni...I'm a little bit confused about something concerning the American Buffalo gold 1 ounce coin and the Celebration coin. The Celebration coin seems to be a 1 ounce American Buffalo gold coin in a different package. They are both one ounce of gold and both have a buffalo on them, yet the Celebration coin always seems to be priced slightly lower than the American buffalo gold uncirculated coin. What is the difference between the two coins and why aren't they the same price? Thanks for any light you can shed on this question.Unknownhttps://www.blogger.com/profile/02817583760464703377noreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-40363000988272128782009-01-07T07:19:00.000-08:002009-01-07T07:19:00.000-08:00They state their cost to manufacture including ove...They state their cost to manufacture including overhead is 11% to 19% plus a 15% margin.<BR/><BR/>At first glance, the prices seem high, but I looked back at the 2008 releases and the pricing fits into the chart based on the precious metals prices when the products were released.Mint News Bloghttps://www.blogger.com/profile/15005852378363392557noreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-57888024267158191712009-01-07T07:16:00.000-08:002009-01-07T07:16:00.000-08:00The premiums are phenomenal! Premiums over 33-perc...The premiums are phenomenal! Premiums over 33-percent is near price gouging! Does it really cost the Mint over $300 to produce the Buffalo gold coin?Scotthttps://www.blogger.com/profile/06863085136731395910noreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-31333345083777400742009-01-06T17:24:00.000-08:002009-01-06T17:24:00.000-08:00Okay, I did the math slightly wrong before, was re...Okay, I did the math slightly wrong before, was reading the wrong line because someone forgot to merge cells in the Excel spreadsheet. It's a 38-46% mark-up.astroguyhttps://www.blogger.com/profile/04807615605691873999noreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-76107899802293468632009-01-06T17:18:00.000-08:002009-01-06T17:18:00.000-08:00Well, I'm glad we know. I'm not thrilled with the...Well, I'm glad we know. I'm not thrilled with the 50% markup on the UHR eagle (assuming gold is $850-899), but, at least we actually know what to expect.<BR/><BR/>I would prefer that they just do a regular standard % markup instead of $50 tiers (like if gold is $850 then the St. Gaudens is 51% over spot, but if it's $899.99 then it's only 43% over spot), but, this is a HUGE improvement over what we've had.astroguyhttps://www.blogger.com/profile/04807615605691873999noreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-30248000700504858942009-01-06T15:49:00.000-08:002009-01-06T15:49:00.000-08:00Looks like the Mint just sold out of the Gold W ea...Looks like the Mint just sold out of the Gold W eagles today and the prices are going apeshit on Ebay! I'm SOOOO glad I got some!!Anonymousnoreply@blogger.com