Free Updates

Let us tell you when new posts are added!

Email:

Navigation

Categories

Search

Archives

<November 2008>
SunMonTueWedThuFriSat
2627282930311
2345678
9101112131415
16171819202122
23242526272829
30123456

More Links


 Wednesday, September 26, 2007
Watch Mint Web site
Posted by dave

When the U.S. Mint suspended sales of the “W” uncirculated American Eagle gold coins, it gave itself until Sept. 27 to reprice them and begin selling them again.

With prices moving as fast as they have been since the Sept. 13 sales suspension, it will be interesting to see how the Mint thinks in this regard.

I assume it won’t take my recommendation to let the prices fluctuate daily. A fixed price seems likely. How aggressively ahead will the Mint set the price?

Will it be $50 above market for the one-ounce coin or more or less?

If you want to know the Mint’s expectations for prices, this is the number to look at.

Its dilemma is that too high a price will curb sales. Too low a price will ensure that the sales suspension-repricing mechanism will have to be used again before next year’s coins become available.



9/26/2007 9:06:46 AM (Eastern Daylight Time, UTC-04:00)  #  Comments [0]
Name
E-mail
Home page

Comment (HTML not allowed)  

Enter the code shown (prevents robots):