How the u.s. mint set its prices?.

Which is how it should be because it is the MINT. It mints Money so playing with the supply and demand of coinage based on market forces outside of strict monetary considerations is a HUGE NO NO.

Strange as it might seem, the coinage itself is not supposed to become an economic object of desire except as its face value as an item of exchange. All these Silver, Gold and Platinum special commeritive coins have confused folks.

I don't see how ***anyone*** can complain that the commeritives are over priced. Which coin did the mint make where the price went DOWN after being released. If anything, at this point the Mint is making too many special coins. Perhaps the time has come to roll this whole silly thing back.

Ruben

 

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Frank

What could the Mint have sold the Reverse ASE Proofs for, and why did it not just mint more of them!

Your too smart for this.

Ruben

 

Ruben is right. I work for the Govt, in a Facilities capacity. I maintain the electronic floor plans for all 3+ million square feet of office space on our complex. And YES, each department is backcharged for the space they maintain. They get a budget approved each year, and the 'rent' is taken out of the budget and paid to the facilities dept for maintanance and utilities and so forth. So even though the mint is a Govt entity. i am sure they still have to pay rent

 

Even if the mint does charge what ever they can get away with, why should the be any different from any other group out there. I work to make as much money as I can so that I can pay all those folks who want to charge me as much as they can. Just the business world.

you should see the mark up on the stuff I work with. For a bra that retails for $50 , our company pays about $6 to have this bra manufactored and imported from Mexico. Now the bottom liners say that this $6 cost is to expensive and now are in the process of moving the entire operation to China

 

Agreed that Congress sets the standards for designs, etc.
However, the mint sets the prices for products.
I feel that the prices that htey are charging for FDC's, 'bags' and rolls of unc coins is very high.
Sure, there are some products, like the reverse proofs that are (in retrospect) bargains, but for the average Joe the prices for normal uncs are very high.
And, sure, if there is a low mintage commem, (yes, price set by Congress) then it is a great deal, however, no one knows which ones will be a good deal. How about al of those pieces that still sell below issue price?
The mint does do a nice job of producing circulating coins, but I am talking about the 'postage & handling' fees and the prices of regular rolled coins.

 

Don't know what milk has to do with the hobby but I do know that although the milk business, at least at the "cow" level, may not be heavily regulated it is heavily subsidised. If it were not for the government subsidies a gallon of milk at the consumer level would be in the neighborhood of $8.00. Regarding the mint pricing, I think it is fair. What other organization or company that had "proprietary" control over a consumer item would charge what the mint charges? You think Exxon would sell gas at $3.00 a gallon if they were the only game in Dodge?..please!

The mint for the most part, produces a beautiful work of art pretty much with every coin or bill they make. Even though some coins or sets are sold with a limited production limit, the mint charges a reasonable price. I'm sure the mint knew the demand for an item, such as the 2006 Silver Anniversary set, would be in demand far above the 250,000 production limit, yet the price was $100. Of course a lot of people were even complaining about that price. Well the set is pushing the $600 level on E-bay. In my heart of hearts, I feel the mint knew they had a winner there and yet kept the price where their "cost formula", whatever it is, put it. Common folks, you all want some cheese with that whine...!!

 

Then don't buy them!

 

ND86,

With all due respect ....... So why then are the '07 Buffalo gold pieces $175 (27%) over spot?