elaine 1970

2008 (w) american eagle uncirculated gold series start selling today at 12:00 noon. prices were one ounce $1,119.95, half ounce $565.95, 1/4 ounce $299.95, 1/10 ounce $124.95 and the four pieces set $2,039.95. the mint still based on $1,000.00 per ounce. it should have reduce the prices and based on $925.00 per ounce instead. current spot $880.00 per ounce. so the mint charges both ameriacn eagle proof and uncirculated gold series too high. (proof version is using $1,025.00 per ounce). the mint should also reduce the prices for spouse gold and modern commemorative gold too. lastly the 2008 (w) american eagle silver should also be reduced. what you think?.

wesleyscott

I agree that the mint should lower the prices based on the lower gold and silver prices. But, the mint has almost never lowered prices on current issue coins. They probably think that the metal price could go up again, as fast as it went down.

CentDime

Sales will plunge unless they drop them to more reasonable pricing.

elaine 1970

if the u.s. mint use $925.00 per ounce as the basis for gold coins, then the prices should have been like these:

gold proof:
one ounce $1,089.98 vs: $1,199.95
half ounce $553.95 vs: $609.95
1/4 ounce $299.95 vs: $329.95
1/10 ounce $135.95 vs: $149.95

gold unc:
one ounce $1,019.95 vs: $1,119.95
half ounce $516.95 vs: $565.95
1/4 ounce $271.95 vs: $295.95
1/10 ounce $115.95 vs: $124.95

current prices for mint gold products are using $1,000.00 (unc) and $1,025.00 (proof).

elaine 1970

4th spouse gold were based on $800.00 per ounce of gold. while the 5th spouse gold were based on $950.00 per ounce of gold.
the 2008 modern commemorative gold were based on $850.00 per ounce of gold.

elaine 1970

american eagle gold (w) uncirculated:

2006 (w) one ounce - 49,975
half ounce - 18,850
1/4 ounce - 19,925
1/10 ounce - 25,650

2007 (w) one ounce - 24,902
half ounce - 13,358
1/4 ounce - 14,417
1/10 ounce - 24,160

am eagle silver (w) uncirculated:
2006 (w) one ounce - 496,200
2007 (w) one ounce - 642,468

the american eagle (w) unc gold series dated 2006 & 2007 will appreciate its value to over 100% or more in the near future. specially the 1/4 oz and 1/2 oz.


am eagle gold proof:
2008 one ounce - 8,929
half ounce - 4,454
1/4 ounce - 4,768
1/10 ounce - 6,018

am eagle silver proof:
2007 one ounce - 827,106
2008 one ounce - 471,072

elaine 1970

the mint should lower down its prices on all bullion related products. simply because the prices drop.

gxseries

No, they don't have to and it just makes the lives of accounting a lot worse. Thing is, how can you tell that the price dropping is NOT a short term, i.e. from a few days to a month against something that is a year? No you can't.

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ctrl

Well, unless someone is only interested in these for collectable value, it's likely they will see very low sales at those prices.

elaine 1970

that is why the mint have to lower down its prices in order to sell more. or else it will be low on mintage.

cat1026

I agree that these prices are a bit high and will discourage purchases.

elaine 1970

2008 w uncirculated american eagle gold:

one ounce - 1,849
1/2 ounce - 1,270
1/4 ounce - 1,360
1/10 ounce - 3,454

spock1k

i think if you feel that their prices are unreasonable than you should not buy from them

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jaceravone

That is the most frustrating thing though - you want to buy these coins, but the prices make it more difficult. And with any good business sense, why do we have to pay more than what the item is worth? When either we or the mint buy gold whether it is raw or in bullion form, we both are sharing in the risk, especially when the melt value drops bellow the purchase price. I expect to pay a small premium, but sometimes that difference exceeds the mints normal range because of the changes in the bullion market. That is why the mint should match bullion prices. Just like the stock market - sometimes you get lucky and sometimes you lose out, but that is the game. It is no different with bullion.

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"These are the times that try men's' souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of their country; but he that stands it now, deserves the love and thanks of man and woman. Tyranny, like hell, is not easily conquered; yet we have this consolation with us, that the harder the conflict, the more glorious the triumph."
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GDJMSP

The mint doesn't make the rules, Congress does. The law dictates what they have to sell the coins for.

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