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US Mint Gold Coin Pricing

Discussion in 'PM's - Coins - Numis - Base Metals' started by Starter, Aug 28, 2016.



  1. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    FWIW the American Liberty 225th Anniversary 1-oz gold coin increased from $1640 to $1690 as a result of the increase in spot gold to the $1250 to $1300 bracket. Those gold coins from the US could increase further if spot continues to rise and goes to the $1300 to $1350 bracket.
     
  2. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    This is just a WAG on my part but I think that just before the current run-up to $1280's spot range, spot gold was fluctuating just above and just under $1250 for a while and the LBMA average gold price was just under $1250 on April 5.

    EDIT: I am guessing that LBMA gold average was between $1248 - $1249 on April 5.
     
    Last edited: Apr 13, 2017
  3. Starter

    Starter Silver Member Silver Miner

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    Gold has dropped below $1250 per ounce, but not nearly long enough for the Mint to lower their prices. A proof gold eagle still costs $1610 at the Mint.

    One week of prices in this range, however, would likely lead to a drop in Mint gold coin prices next Wednesday, if gold remains in this range.
     
  4. Daryl Johnson

    Daryl Johnson New Member

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    It's crazy to pay $1610 at the mint when You can buy the same coin from APMEX FOR $1300. No wonder the mint is suffering from slow sales. They need to,stop robbing the public. They buy a planchet for $1250, stamp itna few times, and shoot for a $300+ profit. It's almost criminal. We pay their salary, we pay for the planchets, we pay the die cutters and pay for th equipment and pay to build the mint. And then they thank us by charging insanely high prices.
    The only thing that I buy from the mint are America The Beautiful Silver Quarters Proof sets. Everything else I buy on eBay, APMEX, or other reaonably priced bullion dealers. The mint needs to change their pricing policy. I will buy a Palladium Eagle when they come out. I love the ZMercury dime, and the Eagle on the back is absolutely beautiful
     
  5. Starter

    Starter Silver Member Silver Miner

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    Trying to catch up here, as it looks like I fell behind a week...

    As of now, a proof gold eagle costs $1,560.00 at the Mint, which means that last Wednesday, a price drop happened at the Mint.

    With today's prices now returning to the $1250 to $1300 range, there is a chance that the Mint will raise their prices once more next Wednesday, if gold prices hold in this range.
     
  6. Starter

    Starter Silver Member Silver Miner

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    Back to $1,610.00 today!

    Those wishing to buy a gold coin this month at a lower price might have missed their chance...
     

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