Comments on: US Mint Announces 2020 Numismatic Gold Coin Price Increases

By: Jon Doe

Jon Doe — Thu, 02 Jul 2020 01:31:34 +0000

I’m just wondering how I can justify buying some coins from the mint when the best are $700 above spot price! I bought the 2017 gold coin in 2017 and thought $400 was crazy to pay and I would probably regret it. Even on a percentage basis these prices are too damn high.

By: Doug B

Doug B — Mon, 11 May 2020 16:21:02 +0000

I was really looking forward to buying my first gold buffalo. I was waiting to buy the 2020 coin and now that the Mint has incredibly raised the price of this coin I am holding back. I might just punt the proof coin in OGP and buy a regular coin from a gold bullion supplier. Just like all other government divisions never let a a crisis (C-19) go to waste to benefit their own endeavors.

By: CoinNews.net

CoinNews.net — Thu, 19 Mar 2020 15:20:53 +0000

In reply to Seth Riesling. Seth, we have sent a query their way and are awaiting a response.

By: Seth Riesling

Seth Riesling — Thu, 19 Mar 2020 06:06:58 +0000

Mike Unser –

These are, of course, such drastic price increases on U.S. Mint precious metals products, and the large increases announced recently on its silver coins & even base metal coins with raw metals prices down also, & especially the new commemorative gold & silver coin programs price increases. All the while, silver has been dropping to 11 year lows recently, why haven’t you asked U.S. Mint Director David J. Ryder, or one of his lackeys, for a comment, explanation, reasoning behind such draconian price increases while silver, gold, platinum & palladium have been dropping basically all year so far!?
Has he no shame?…or is he in hiding (self-isolating in that shame)?

NumisdudeTX

By: Brian

Brian — Wed, 18 Mar 2020 23:40:01 +0000

Incredibly poor optics for the Mint to go through with this during the start of a deep recession (likely) and a drop of over 30% in equities. If they don’t walk this back soon then I’m done purchasing commemorative gold/platinum/palladium.

By: Chris

Chris — Wed, 18 Mar 2020 21:58:37 +0000

The Director of the Mint should be fired for cruelty. All this does is serve the very wealthy who will buy it assuming these coins will be a key day as their mintages will be very low due to the Coronavirus economic fallout.

Only two things I will get this year is the Native American Coin and Currency set now – its clad but at least it offers uncirculated paper currency. Uncirculated 2020 Coin set just for the W Nickel

I will save getting the silver proof set until 2021. Any hopes of getting a gold coin are dashed — best to get from coin dealers who by the end of 2020 will have fire sale on some of their inventory (they will keep some for when better days come)

By: Piedmont

Piedmont — Wed, 18 Mar 2020 19:02:52 +0000

In reply to Kennygee. 9 April is now the release date for the basketball coins, with pricing starting off at $ 69 -$74 for the proof dollar coin, according to CoinWeek. Lol

By: Kennygee

Kennygee — Wed, 18 Mar 2020 17:55:02 +0000

In reply to Piedmont. Now we know why the mint won't report weekly sales of mint products anymore. I have not bought nor will I consider buying any mint products until they start publishing them again. I canceled all my subscriptions. In the past I bought thousands of dollars worth for my own collection and family. The mint better get someone to run it that knows what he or she is doing. If they don't, I am Done with them.

By: Piedmont

Piedmont — Wed, 18 Mar 2020 16:25:08 +0000

In reply to Chris. Agreed. The USMint seems to be getting desperate with all of their various price increases.

By: Piedmont

Piedmont — Wed, 18 Mar 2020 16:21:37 +0000

In reply to cagcrisp. Thank you for your more accurate and detailed informative reply, than that contained in the article.