CoinNews

A dynamic shift in pricing for US gold and platinum collector coins is underway, according to a United States Mint notice published Tuesday by the Federal Register, which is the official daily source for rules, proposed rules, and notices of government agencies and organization.

Instead of static pricing, coin prices will be primarily determined and actively adjusted according to the London Fix weekly average. The Mint said this was to "mitigate the effect that fluctuating gold and platinum commodity costs" has on coins. The London Fix is used as a price benchmark for immediate silver, gold and platinum delivery.

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The Singapore Mint on Saturday launched a series of commemorative Lunar Ox coins struck in cupro-nickel, silver, and gold. The coins celebrate the 2009 Chinese New Year or "Year of the Ox," which begins January 26.

The coins are available as singles, in sets and range from Brilliant Uncirculated to Proof. The gold ox coins comes in three different sizes and denominations. The are two silver commemorative, with the $10 edition colorized and packaged by itself or within the 2- or 3-coin set.

The following table summarizes the offerings, lists current prices and provides direct links to the Mint page for each coin:

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Since the previous US Mint sales figures were reported, the one-quarter ounce 2008-W American Eagle Gold Proof coin has sold out, and that happened Monday.

Fewer and fewer 2008-dated bullion collector coins remain. Only the American Eagle gold and silver uncirculated coins and the 1/10 ounce gold proof eagle are still sold by the Mint.

The one-half ounce American Eagle Gold Proof, which sold out Dec. 24, stands out for the second consecutive reporting period. Sales surged by 5,079 coins, or 87.4 percent. That follows its previous 83.3 percent jump.

To place these numbers in perspective, over 70 percent of its total inventory were depleted within the last few weeks. While these coins may have not been the collector's first pick earlier in 2008, the lack of other options at least garnered their fifteen minutes of fame late in 2008. Will the final remaining 1/10 ounce proof option now see the collector's spot light?

Here are the latest US Mint sales figures for the major American Eagle and American Buffalo collector products:

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