2010 bullion AGE unc one ounce gold sales report - 645,500 2010 bullion AGE unc half ounce gold sales report - 31,000 2010 bullion AGE unc 1/4 ounce gold sales report - 44,000 2010 bullion AGE unc 1/10 ounce gold sales report - 280,000 2010 bullion ASE unc one ounce silver sales report - 19,044,000 2010 bullion AGB unc one ounce gold sales report - 163,000 2010w AGB proof one ounce gold sales report - 21,059
Seems fractional AGE are in low demand. Only one ounce AGE and AGB showing weekly (weak-ly) increases. ASEs remain in force! This reflects the speculation I made earlier at the beginning of this year for demand of these metals respectively. It's very interesting to watch these numbers this year.
Kind of makes you wonder if the anointed 12 (The folks allowed to purchase directly from the mint) might be manipulating things just a bit. After all, do they actually sell everything that they purchase?
krispy. what this mean?. http://catalog.usmint.gov/wcsstore/ConsumerDirect/images/catalog/en_US/GoldCoinGrid.pdf
Eventually... Yes, they do sell it all. Funny thing is that the Mint does too. The Mint utilizes the bullion dealer network to reduce all the banged up and returned First Spouses (sounds wrong don't it? LOL!), Boy Scouts (keeps on getting worse!!!), and last year's unsold collectible bullion Proofs and Uncs... okay... Let's just say, all the junk that customers return to the Mint and anything they can't sell bullion-wise, is eventually force fed by the Mint to the bullion dealer network with their successive orders. If the dealers want to buy 2011 eagles, they have to buy a percentage of 2010 eagles with each new order until the Mint inventory is depleted in order to receive new product, that way the junk and left overs are fully distributed to the bullion dealers who are left to deal with it all themselves. The bullion dealers (aka Anointed 12) are not going to take a loss on this bullion now placed in their possession. They can sell it to other smaller dealers willing to take it off their hands or ship it off to the melting pot. I just wish when the send it to be melted that someone would keep track of what is destroyed so we have accurate numbers following the mintage and sales figures reported by the mint. That's my two cents on it. =)
I figured you already used this. I'm sorry but I don't know what you need an example of??? Is this the most recent pricing grid taken directly from the U.S. Mint web site?
A few days late with this one, thought I'd post the link in case any readers of this thread missed this article while CT was updating or folks were off celebrating US Independence: US Mint 2010 Product Schedule Changes, Proof Gold and Silver Eagles TBD from CoinNews.net [6.30.2010]
I guess you took the above grid from this: US Mint Updates Gold and Platinum Numismatic Pricing Grid from Mint News blog [7/6/2010]
in short. the mint is getting wiser and smarter. the mint will be the only one to know what will be the prices of their gold and platinum products. the collectors will have to pay more.
Yes, in short, the Mint wishes to be in complete control of their pricing activity in order to retain the ability to make a profit. The policy they initiated for bullion product pricing is not absolute. It is inflexible and lacks professional foresight to encompass the diverse fluctuations of bullion price over the long term. Their only recourse is now to continually disregard the previous policy and change the rules as they go to suit their advantage to remain profitable. After all they are in business to make a profit (first) while serving customers (second) in the process.
silver quarter set: 2004-- 594,137 2005-- 560,781 2006-- 531,000 2007-- 442,013 2008-- 429,021 2009-- 284,884 (not final) 2010-- 126,912 (not final)
american buffalo proof one ounce gold: 2006w--- 246,267 2007w---- 58,998 2008w---- 18,863 2009w---- 49,388 2010w---- 21,857
american buffalo bullion unc one ounce gold: 2006.. 337,012 2007.. 136,503 2008.. 164,942 2009.. 200,000 2010.. 163,000
American Gold Buffalo -- 1 oz. Proof coin: 2006w--- 246,267 2007w---- 58,998 2008w---- 18,863 2009w---- 49,388 Went on sale from the Mint on 10/29/2009. End of sales: 3/29/2010. 2010w---- 21,857 The Mint began taking orders 6/3/2010. Currently on sale. American Gold Buffalo -- 1 oz. Bullion Unc. coin: 2006.. 337,012 2007.. 136,503 2008.. 164,942 2009.. 200,000 Availability from the Mint began on 10/15/2009. 2010.. 163,000 The Mint began taking orders 4/29/2010. Currently on sale. The length of time these coins are actually on sale is another factor to consider in their success -or- when weighing their demand through sales compared from year to year. That and understanding the rationing/allocation program was lifted earlier this year (3/2010) after the Mint caught up to demand.
Regardless of the slightly higher mintage, IMO the 2009 unc mint set will outperform the 2008 unc mint set in the long run due to those 4 uncirculated copper (albeit satin) cents. TC