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

bullion value + processing cost + mark up = american eagle silver proof dollar

bullion value + processing cost + mark up + $10 donation = modern commemorative silver proof or uncirculated dollar

shipping charges and packaging cost will be added.

so, how much really each category cost will be?. anyone knows?. many years ago, the mint gave the public its respective cost. now, i wonder, the mint give again the figures.

 

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mint set prices

i read the 2004 annual report. it only covered the cost of penny to dollar. but not for am. eagle and modern commemoratives. i still hope someone out there will know the answer. before i got the george washington 1982 half dollar cost + mark up.

 

I'm sure the USMint sets their prices on everything based on:
how much of a raise they expect from the Government,
how expensive of a car they want to buy this year,
how much thier house taxes will go up,
how many of thier kids are going to school and need money for tuition,
how many new cloths their families need this year to keep up with everyone,
how many relatives they will hire next year,
how many foolish coin collectors will send for something,
etc., etc.
I doubt that the metals, dies, machines, have much to do with it all.

 

set prices

my imaginative calculation for american eagle silver proof: silver price @ $7.00 per ounce.

7.00 (b.v.) + $7.00 (processing & fabricating cost) = 14.00 x 1.75 (75% markup) = 24.50 + 2.95 (boxes & packaging cost) = $27.95

for modern commemorative proof dollar:

5.30 (b.v.) + $7.00 (proc & fab cost) = 12.30 x 1.75 (markup) = 21.50 + 3.50 (boxes & pack cost) = $25.00 + 10.00 (donation) = $35.00

 

mint price setting

the price of silver went up over $8.00. i hope the mint will not increase the price of their product by next year.

 

how the mint set its prices?.

i think it will not. because they just increase the prices recently.

 

set prices

the u.s. mint might increase its prices for the 2006 products. the silver is set at $7.50 per ouce before. now that the silver is traded over $8.00. the mint can set its prices based on $9.00 per ounce for 2006. that's means a
$2.00 increase for each items sold. such as am eagle proof, silver proof set, 5 pc silver statehood quarters, and modern commemorative proof and unc dollars.

 

dealers pricing

i think the dealers using these formulas.

for commom & current unc or proof version: b.v. x 1.1 (10%) x 1.6 (mark up) = selling price. ex: modern commems

for commom & current and popular itiems: b.v. x 1.1 x 2.0 = selling price. ex: silver proof quarters

 

2006 u.s. mint products

will u.s. mint increase its prices by 2006?. before they set the price when silver is around $7.50. but now, it is already $8.50 to $9.00. by early 2006, we should know. maybe freeze at old prices. or else, it might come out like this.

american eagle proof silver dollar from 27.95 to 29.95.

modern commmemorative dollar - proof from 35.00 to 37.50
unc. from 33.00 to 35.00

silver proof set from 37.95 to 40.95
proof set from 22.95 to 24.95
mint set from 16.95 to 18.95

but this year, the silver proof set, proof set and mint set missing one nickel.

so may be these three sets will freeze its prices.

 

I don't know if it has changed, but it used to be that by law the mint could not use more than a 20% mark up over cost. Of course what they did was to inflate their production costs tremendously. (They would include office space rental at the top market rates even though all the office space was supplied by the government which has acres of unused space, furniture expenses using high figures even though all the office furniture they could possibly use was supplied out of GSA surplus storage at no expense. etc.) And these inflated figures were used as the "cost of production" and then a 20% markup was applied.

 

set the price

the mint using $7.50 per ounce average to calculate last year mint's products. now it is near $10.00 per ounce. how much should the mint set its prices next time?. it's a 33.3 % increase on the silver related products.

 

mint set prices

the mint set its prices according to supply and demand, the price of bullion and other cost related factors. but what i knew is that the mint mostly increased its prices and rarely decreased.

 

Sometimes I think the mint prices only by the thought, what will these suckers pay.

 

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

As high as they can get away with.

 

This is gibberish. First, you wouldn't want to use GSA used furniture 12 hours a day, so I see no reason the professionals at the mint should have to either. Secondly, even if they did that, they ***still*** would accout for it the same way. And the same is true about office rental space in Government accounting.

Is the Mint even a government agency or is it a private corperation like the post office?

In any event, I don't understand the hatred of the mint in this forum. Is it some kind of bizarre jelousy? Is it so bad if Mint employees have children in school and want to pay tutions? They seem to produce billions of coins a year without so much as a hickup. I'd love to see GM do that.

Think:

What COULD have the mint charged for the Reverse Proof ASEs if they sold them at ***market*** value.

Ruben

 

As opposed to the cost of milk?

 

At least with milk there is some competition, or price regulation, in NYC.
Here, the mint just does whatever the heck they want to do.

 

That's the Franklin Mint. The US Mint has its hands tied by Congress.

Ruben