Comments on: US Mint to Cut Prices on Gold Coins, Silver Sets as Melt Values Fall https://www.coinnews.net/2013/05/21/us-mint-to-cut-prices-on-gold-coins-silver-sets-as-melt-values-fall/ CoinNews delivers the latest World and US coin news Wed, 22 May 2013 16:19:09 +0000 hourly 1 https://wordpress.org/?v=7.0 By: CoinNews.net https://www.coinnews.net/2013/05/21/us-mint-to-cut-prices-on-gold-coins-silver-sets-as-melt-values-fall/#comment-64191 Wed, 22 May 2013 15:34:11 +0000 http://www.coinnews.net/?p=37330#comment-64191 The U.S. Mint has halted online ordering for the silver sets for re-pricing so they will be back at lower prices by noon ET.

]]> By: CoinNews.net https://www.coinnews.net/2013/05/21/us-mint-to-cut-prices-on-gold-coins-silver-sets-as-melt-values-fall/#comment-64190 Wed, 22 May 2013 15:24:01 +0000 http://www.coinnews.net/?p=37330#comment-64190 Today’s gold fixings were certainly unexpected with Tuesday’s PM at $1,360.75. The Wednesday AM moved up to $1,385.25 and then the Wednesday PM, which is used as a directional component that can trigger or stop coin pricing changes, soared to $1,408.50. The latter is a very sharp contrast to the $1,374.60 spot price as of 11:10 AM ET. The weekly average ($1,370.75) came well into the lower coin pricing tier, but that jump in the PM fixing will block the change in gold coin prices. I wouldn’t expect strong collector gold coin sales in the next several days… unless gold pops much higher.

As to the timing for when prices will fall for the silver sets, I’m expecting that to happen before the end of the day. If it doesn’t, I’ll see if I can get a firm time from the Mint.

]]> By: Rick of Ohio https://www.coinnews.net/2013/05/21/us-mint-to-cut-prices-on-gold-coins-silver-sets-as-melt-values-fall/#comment-64189 Wed, 22 May 2013 14:58:18 +0000 http://www.coinnews.net/?p=37330#comment-64189 Looks like gold (London PM price fix) went up just at the right time to cause gold unchanged pricing at the mint. When does the mint plan to lower silver pricing in article?

]]> By: george glazener https://www.coinnews.net/2013/05/21/us-mint-to-cut-prices-on-gold-coins-silver-sets-as-melt-values-fall/#comment-64187 Wed, 22 May 2013 13:44:42 +0000 http://www.coinnews.net/?p=37330#comment-64187 Unai:
Not at all; it troubles me greatly when that happens. In cases like that, I always return the item to the US MINT right away, and then re-order at the new higher price. I even spring for priority shipping and insurance just to be sure it gets there as fast as possible. I even followup with e-mails and phone calls pleading with them to raise prices on other items so I can return them too. I’ve actually lost sleep worrying that I might be acquiring these precious coins too inexpensively. Sometimes I even just send cash to the US MINT in anonymous envelopes to make sure I’m doing my part to keep them solvent..!!

]]> By: Unai https://www.coinnews.net/2013/05/21/us-mint-to-cut-prices-on-gold-coins-silver-sets-as-melt-values-fall/#comment-64172 Wed, 22 May 2013 04:13:54 +0000 http://www.coinnews.net/?p=37330#comment-64172 I bet you are all happy when the price goes up and you buy first.

]]> By: Ron https://www.coinnews.net/2013/05/21/us-mint-to-cut-prices-on-gold-coins-silver-sets-as-melt-values-fall/#comment-64164 Tue, 21 May 2013 23:46:03 +0000 http://www.coinnews.net/?p=37330#comment-64164 Yeah, all of us LOYAL subscribers get screwed every time the prices drop. They should SET a price and stick to it. Like George wondered… WTF??

]]> By: CoinNews.net https://www.coinnews.net/2013/05/21/us-mint-to-cut-prices-on-gold-coins-silver-sets-as-melt-values-fall/#comment-64149 Tue, 21 May 2013 18:57:37 +0000 http://www.coinnews.net/?p=37330#comment-64149 George, thanks! Only one of the dates was suppose to be May 2.

]]> By: george glazener https://www.coinnews.net/2013/05/21/us-mint-to-cut-prices-on-gold-coins-silver-sets-as-melt-values-fall/#comment-64148 Tue, 21 May 2013 18:51:46 +0000 http://www.coinnews.net/?p=37330#comment-64148 Mike;
Could you check your dates in the article? Something’s wrong there. Thanks!

]]> By: george glazener https://www.coinnews.net/2013/05/21/us-mint-to-cut-prices-on-gold-coins-silver-sets-as-melt-values-fall/#comment-64143 Tue, 21 May 2013 17:57:35 +0000 http://www.coinnews.net/?p=37330#comment-64143 Swell,
And I JUST TODAY got my Silver Proof Set in the mail….So if I return the damn thing, and re-order it at the lower price, the savings will be eaten up by my combined shipping charges….I thought the MINT didn’t reduce prices on silver bearing sets like this. WTF?

]]>