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<p>[QUOTE=&quot;medoraman, post: 4490614, member: 26302&quot;]Think of it this way. The mint buys gold for $1700 an ounce say, so the raw material is the same for 10 10th ounces versus an ounce. However, it costs $5 per coin to prepare the blank, $10 per coin for the die, and $10 per coin to strike, (hypothetical numbers). So the mint has $1725 in an ounce coin, but $1950 in 10 10th ouncers. The only reason they do this is because people will pay a higher premium for smaller coins. So both demand and mint costs, (hence new issue replacements), are higher.</p><p><br /></p><p>It has always been true that one ounce coins will be cheaper per ounce than smaller pieces. Even old US gold, which back then had the premium built into seignorage, are today per ounce the same, smaller coins higher per ounce.[/QUOTE]</p><p><br /></p>

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