Comments on: US Mint Increases Prices on Numismatic Gold Coins

By: Roxie

Roxie — Fri, 06 Jan 2017 21:18:20 +0000

Only thing left to get is silver proof set for 2016. Will take me all of 2017 to repair my bank account but I can say I’m fairly happy (of course lower price would have made me happier) with the 2016 US MINT offerings I purchased. This was 1st time in 3 years I purchased from the Mint. Nice to feel that way about the Mint. Best wishes to all.

By: Roxie

Roxie — Fri, 06 Jan 2017 21:01:36 +0000

The walking liberty arrived today (nice to get it on my birthday). I think the coin is very nice, good strike. Came with COA, heard some had missing COAs. Not sure if it was a reject but the white protection cloth was caught in the box and a bit misaligned. Have not seen that with other mint purchases. Did not see finger prints on coin airtight so may be original. Slight disappointment with the reverse. Their is a darker swath in the field just under the Eagles beak/chin down to the E PLURIBUS. Sadly that is first thing that caught my eye when I flipped to rev. The obv looks great. Not sending back might get something worse at this late time. For the price I guess I’m expecting perfection. Anyone else have this shadow, darker gold field just under the beak. Got a good picture but I don’t know how to post pictures here.

By: Christopher Williams

Christopher Williams — Fri, 06 Jan 2017 02:47:50 +0000

Very limited schedule for the year 2017.

By: Roxie

Roxie — Thu, 05 Jan 2017 15:25:11 +0000

@MintErrs I’m not questioning Mint’s need to adjust prices as price of gold fluxuates. What I’m questioning and suggesting was a mistake in the price increases for the gold coins is not consistent with the Mint’s own published schedule of gold coin prices based on current spot price. Based on the Mints pricing schedule the gold spot price yesterday would indicate a lower price for the gold coins than what was posted on the product pages.

By: Roxie

Roxie — Thu, 05 Jan 2017 14:22:22 +0000

Darn auto correct. ..walking liberty not walking library…lol

By: Roxie

Roxie — Thu, 05 Jan 2017 14:20:48 +0000

In reply to Richard.

Richard I usually don’t pay such high premiums for my coins but for some reason I didn’t want to wait and hope one would come through my LCS at a lower price. They certainly are not rare but I love the old designs. You are right we probably won’t see these hit melt value in our lifetimes unless something big happens in the gold and silver market. My walking library suppose to arrive tomorrow on my birthday….can’t wait to see it. Hoping it is in great shape like my other two and not someone else’s reject.

By: Richard

Richard — Thu, 05 Jan 2017 13:08:54 +0000

Good for you, Roxie. It is moot now, but I’m happy to have gotten the gold dime on the second go-around. It will be a long time till its cost reaches melt value, though that wasn’t the point.

By: MintErrors.org

MintErrors.org — Thu, 05 Jan 2017 10:33:25 +0000

Its simple, they don’t fix the prices, which is a smart idea. They need to fluctuate the price, giving the consumer the fair market value. Mistake? I hardly doubt it. In order to stay in “business” – if you can call a government sponsored facility a “business”, means you show never lose money in transactions. If gold can be bought for $50.00 less than what wholesalers are paying, then the Mint feels obligated to ask for the fair market value so they can “purchase” gold to refill sales at a competitive price and not lose their shirts.

By: Roxie60

Roxie60 — Thu, 05 Jan 2017 03:33:08 +0000

Glad I pulled the trigger yesterday afternoon. And it was dang tough buying walking lib at $819. Yep I questioned in another thread if the mint made an error when I saw the original issue prices for the centennial coins today. Got to be a mistake or the Mint is changing its price strategy which I doubt.