Comments on: US Mint Stops Selling Numismatic Gold Coins as Bullion Prices Soar

By: Brian

Brian — Thu, 27 Oct 2011 21:05:23 +0000

The US Mint sent out everybodies subsciption Silver Eagles at the higher price, then made them unavailable for 2 weeks (the return policy from the Mint is 7 days) THEN, they made the Eagle available at the lower cost to those that didn’t have subscriptions. All that time, the price of Silver fluxuated a couple of dollars an ounce. And they refuse to refund the difference of the two prices to those that had subscriptions. Considering this is the FIRST year they started to sell the coins after a 2 year suspension, it appears they did this intentionally to make extra money before the price drop went into affect. They just screwed every subscriber in the US Silver Eagle program. And now they want DOUBLE the price of Silver for the 5 coin set. Are they just TRYING to run off the collectors? What a racquet. What a rip off. I’m tempted to STOP buying coins from the Mint becasue of it. They have made literally thousands of dollars from my purchases over the years and now they want to screw ALL of the subscribers for less than $10 per coin. What has collecting come to?

By: Boobalots

Boobalots — Thu, 11 Aug 2011 20:21:43 +0000

What greedy douche bags.

By: funkemonk

funkemonk — Wed, 10 Aug 2011 02:46:41 +0000

Greed is right. You think that they would lower the price of the ATB 5 oz silver pucks since silver prices crashed, but nooooooooooooooo. They are charging the customer $285 for 5 oz of silver, which happens to be the price APMEX was going to sell the 2010 bullion pucks at until the mint said NO thats too high! Hypocrites!

By: Kahoola

Kahoola — Tue, 09 Aug 2011 23:07:35 +0000

Cost of first spouce coin $966.00. Melt value of gold $861.50. Net profit to the mint more than $100 per coin. This is not enough however, they can get $50 more by jacking up the price but not right away, so they suspend sales. Sounds like greed to me.
And yes, they honor on line sales submitted before the suspension, at least that was what they have done before.

By: george glazener

george glazener — Tue, 09 Aug 2011 20:37:18 +0000

Anyone know if the MINT will honor Gold Coin orders entered prior to this morning’s price suspension at the earlier lower price? Or will I get a notice that my order will now cost me $50.00 more?

How do they typically handle this?