Anyone think it’s time for the mint to lower prices?

Sheesh! PM’s are tanking and the mint raises prices on some bullion items? Sheesh! Anyone think it’s time for the mint to lower prices? I’d like to buy some bullion related collectables, but I’m waiting for the mint to lower prices. Since these guys are a monopoly (i.e. they have no competition), the only way they’ll lower prices is if sales are down.

 

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you do know there are millions of other places where you can buy bullion collectibles right?
The US Mint is by no means a monopoly.

 

I would vote for the Everglades puck at $129.95.

 

Not U.S. Coins.

 

Yep, even though $119.95 would be more appropriate.

 

Most silver coin products produced by the mint were based on $24.00 per ounce of silver. Now the silver is down to around $16.00. Mint over charged us by 50%. It should be lower down on all of their products.

 

Well, that may be, but bottom line is based on spot, they're making more than when spot was higher. They do adjust their strictly bullion products to a percentage of spot often, as they did on their numismatic products until recently.

 

Hey, the mint should have to operate like everyone else, if spot tanks, they should have to sell their numismatic products at lower prices like everyone else and like they do with their bullion products. Depending on what they paid for their bullion, they would appear to be taking a loss on the bullion products. Of course everyone else has competition, so the only way to "force" them to lower the price is to not buy from them.

 

I second the motion. Do not buy from the mint at this high price.

 

Their gold bullion coin prices float with the spot price of gold. There is an algorithm that says when the price will change and by how much.

http://demandware.edgesuite.net/aar.../v1414814448861/images/PDFs/PMPricingGrid.pdf

 

Off course there is the other side to the equation. Should they raise their numismatic prices from the original amount if silver or gold increase? I'm not talking bullion here, just collector pieces, or what you want to call such. We could all not buy then either. Just imagine how happy those that did buy would be, if the mintage's stay real low for the secondary market. We would make a lot of friends but be in the company of fools.

 

Tra

Traditionally they do raise and lower numismatic prices with the rise and fall of PM's. However, through most of this year, rather than directly lower numismatic silver prices, they did so indirectly by offering subscription discounts. Now with silver tanking, they stop the subscription discounts and retain inflated regular prices.

I thought there is a schedule for pricing silver products. Anyone know where to find it?

 

As a US citizen and taxpayer, I am adamantly against the US Mint selling collector coins and bullion products at a loss. If the Mint were forced to operate like other businesses, they'd be charging $80 per ASE, just like the Pawn Stars bullion rounds.

 

http://www.usmint.gov/consumer/?action=americanEagles

If you want to buy 25,000 ASEs, the Mint will charge you a $2 premium per ounce.

 

LOL! That's a joke, right?

 

I'm talking about numismatic bullion.

 

Please, explain how ASEs (American Silver Eagles) aren't numismatic bullion. They certainly aren't intended for circulation, since their face value is 1.5-3 percent of issue price.

And, no, I wasn't kidding. I don't want the Mint selling products at a loss. If you buy them on the secondary market at a loss, I could care less, but the Mint has an obligation to the Treasury Department to post a profit.