Comments on: American Eagle Gold and Silver Coins Rebound in August Sales

By: jim

jim — Thu, 13 Sep 2012 02:29:32 +0000

In the first place you can’t buy bullion from the mint – you must buy from a dealer or other secondary market such as you mentioned. You can buy collector coins from the mint but you pay a premium for the type of finish and packaging. If you can anticipate rarity and demand a direct from the mint coin can pay off big (like the 1995 W SAE). Otherwise, of course, for investment purposes you want to buy silver, palladium, gold, platinum wherever you can get it cheapest and that’s definitely not at the US Mint.

By: Marc

Marc — Wed, 12 Sep 2012 19:24:59 +0000

Why buy only from the US mint when: eBay, Gainesville Coin and APMEX stand ready to deliver far more options at decent and competitive prices? The US Mint is the last place to buy silver or gold in this current economic market.

By: RonnieBGood

RonnieBGood — Fri, 07 Sep 2012 18:22:41 +0000

As this writing Silver is at $33.89. If you are thinging of buying Silver products do it soon as the mints profit margin has fallen below 20%!! A price increase will happen soon if Silver prices hold above this level.

By: jim

jim — Fri, 07 Sep 2012 06:02:20 +0000

I don’t know why they don’t just go ahead and publish a silver pricing grid. They must be using some kind of guideline or something to tell them when it’s time to raise/lower prices and by how much. Oh, wait a minute – this is the US Mint; they probably figure it out by hand with paper and pencil every single time like they’ve been doing since 1792.

By: RonnieBGood

RonnieBGood — Wed, 05 Sep 2012 17:26:25 +0000

Whenever they want.
Seriously, the Mint does not have a Coin Pricing Grid like they do for Gold and Platinum coins (which are based on the London Fixed price for the metals).

Best guess would be to look at the tipping point the last time they adjusted up/down.Can’t remember exactly what the mark-up tip point was but it was in the 20% range? Now it is about 22% with a 5 oz coin purchase (giving the Mint a $45 mark-up).

The math: For a 5 ounce purchase (rounding) at $205 with silver at $32 a Troy ounce and a 22% mark-up: $205 x .22 = $45; $32 x 5 oz = $160; $205 – $160 = $45.

By: Joe

Joe — Wed, 05 Sep 2012 17:23:06 +0000

James if you are going to buy silver products from the mint I would do it soon. Need a crystal ball to tell you the spot price.

By: James

James — Wed, 05 Sep 2012 14:53:46 +0000

With the price of metals going up at what spot price will the mint raise prices on silver products?