9:30 pm.

Well… What I thought was an anomaly was just a reflection of the two different USM Pricing Grids used in 2021, a 2021 (Type 1) Pricing Grid and the updated 2021 (Type 2) Pricing Grid. Additionally, the 2021 (Type 2) Pricing Grid structure for the American Eagle Gold Proof coins is the same as the (current) 2025 Pricing Grid.

Harry, in trying to understand Cag’s reference to the USM new business plan playing out for gold coins in his example of the 2021 1/10 oz Proof AGEs, I came across an anomaly (which may reveal something) in the following USM data:

2021-W Type 1 1/10 oz AGE Proof coin
Launch date: 3/11/202
Launch price = $260
2021 Pricing Grid, gold price range: $1,700 – $1,750
Mint sale price = $305 using the 2025 Pricing Grid
2025 Pricing Grid, gold price range = $1,250 – $1,300 for a $260 price

2021-W Type 2 1/10 oz AGE Proof coin
Launch date: 7/29/2021
Launch price = $315
2021 Pricing Grid, gold price range: $1,800 – $1,850
Mint sale price = $315 using the 2025 Pricing Grid
2025 Pricing Grid, gold price range = $1,800 – $1,850 for a $315 price

——————————————————————————————-
Notes:

2025-W 1/10 oz AGE Proof coin
Launch date: 3/20/2025
Launch price = $430
2025 Pricing Grid, gold price range: $2,950 – $2,300

9/4/2025: USM 1/10 oz AGE Proof coin price = $480
9/4/2025: 2025 Pricing Grid, gold price range: $3,450 – $3,500
9/4/2025: Cag’s FV = $407.25 for each 2021 Type 1 1/10 oz AGE Proof coin he purchased in 2021 for $260.

2025 consensus gold price forecasts:
end-2025 gold price ~ $4,000 per ounce
end-2026 gold price ~ $5,000 per ounce

225 left should be done by tomorrow , latest !
I think it’s gonna be a real premium on these coins. Under 4000.

Cali, I knew exactly what Rich was referring to when he said: “the Mint has been “achieving” an actual “authorized” mintage of about 50-70% of the declared product/mintage limit.” and you did not know exactly what he was referring to imo, so you tried to change his tune, then double-down on it. It’s okay though.

No beef here, and what high road, as you appear to have one towards me, with your condescending post above and elsewhere? It’s okay though. These days, you do remind me of the ‘old Cali’ from the MNB days…
I’m not in the camp that Major D is when it comes to your long winded, educational type posts, the ones that he declares as an annoying, opinionated ‘essay’. I don’t mind your long-winded posts at all. Sometimes I learn something new, sometimes not. If your posts ever annoy me, I’d stop reading them, or skip-em outright. Easy peasy.
I’m well aware of Mint Product, AB Product, 040, and any other Product limits & info. FYI, they struck 10k FHG coins because that was the amount that was authorized to be struck well in advance, regardless of what was posted as an AB limit, our limit, or any other phantom limit – no need to beat that dead horse anymore.. Perhaps we can agree to disagree on what a Mintage Limit means, vs what an Authorized Mintage means. It’s okay though.

Talk about confusing things Rick.

Authorized mintage is what the U.S Mint publishes on their website as a possible maximum mintage or product limit. Apple
When I refer to “authorized” Mintage, this is the number published by the Mint. Ie: the “authorized” Mintage is 6,000 for the 2025 APdE, 12,000 for the 2025 American Liberty Gold coin, 100,000 for the 2025 ASE w/Army or Laser Privy. That is the amount the Mint is technically “authorized” to strike. This is the number , the majority of Mint customers are expecting the Mint to strike or could and will likely strike. Yes they can strike less and that number will end up being the actual or final mintage. We here on CN that are regulars know that. Very simple, I use what the Mint uses. Most Mint customers are not privy to the inventory link we have all been made aware of, thanks to you and VinneC, of which I’ve thanked both of you, multiple times. Thanks again!

Again, keeping it simple, there is then, the actual Mintage or amount of coins they actually produced, which as Rich, you and I know and understand, that is what he was inquiring about. This could also be construed as the “final” mintage eventually and hopefully years later, the “final audited” mintage.

Rich asked: “Cali, are you pretty certain, based on all sales channels, the actual mintage (final mintage) will be less than 4,000 coins (~3,980)?“.

Rich appeared to be understanding of exactly what I was referring to? Just like I understand what HarryB is asking or referring to. That answer is awaiting in the current thread along with additional PEF information for those that would like to learn about facts, versus opinions. You appear to be attempting to stir the pot or have a beef?

I’ll be taking the high road, if you’d like to talk coins. Cheers

By the way, here is exactly what the U.S. Mint states about limits, if this helps. They are not expecting customers to parse and have prior experience in order to be able to “read” between the lines or tea leaves, as we have all learned to, over many, many years. I’ve personally experienced 18 years now, of in depth reading, learning, researching, interpreting in order to learn what very little I know about how the U.S Mint operates.

“Mintage Limit is the total number of a coin manufactured across all products. (For example, a coin may be available in rolls and in our annual sets).
Product Limit is the number of a coin made available in the individual product.
Household Order Limit In cases where we have limited-mintage products (e.g., legislatively mandated or Mint established production or mintage limits), the United States Mint may impose order or household order limits. Order limits help us ensure that we provide fair purchase opportunities to the broadest audience possible. As we monitor our products, limits may be implemented, adjusted, or removed at our discretion.”

Yeah, they do not use the word “authorized” in front of “Mintage Limit”, however that is the published Mintage Limit and what the general Public and numismatic community, interprets this to mean.

An example of what they “publish” or “declare” would be this one for the 2025 APdE:
Mintage Limit: 6,000
Product Limit: 6,000
Household Order Limit: None

PS The typical Mint customer is expecting them to mint, produce or strike the “authorized” Mintage Limit of 6,000 and that is what has been authorized. I make attempts to post in terms that those with less, little or no experience can understand, so they can follow along, versus assuming, that everyone reading and or following along is,’ “in the know” already. If you find my posts too lengthy don’t like, you’re not enjoying them, or find my posts to be of no use or informative, then I suggest you don’t read them.
PSS Rick actually the declared or “authorized” mintage limit of the FHG was 17,500 and the Product Limit for 24YK was 10,000. The product limit was set at 2,000 for the ABPP 24YKAB line item product.