When Does The Mint Release Price On Gold Products?

I find it ODD, Great Topic Gilly,



...that the U S Mint's have Not posted at least a Photo to reference the Sure to be Exorbitantly priced coins.

Very Odd.............

I looked at the grid and looks like it "should be" about $5300.


I disagree with this. SILVER has been the oddball, almost like the mint only thinks metals MORE valuable than silver are "precious". So silver is kind of hard to figure, as are the clad coins lately with the shockingly high premium. I don't deny them that they need to up the price when silver skyrockets. They could be more proactive on lowering them as well. But the gold products I think has been dictated by the prices on their pricing grid system due awhile.
Just having a hard time figuring when the exact price is known for drop day. Unsure if it's based on "the previous week average" and/or is it updates on Wednesday? My thought is we'll have a price on Wednesday, the day before it drops.
From mint website:

Pricing for precious metal numismatic products (e.g., palladium, platinum, 24-k gold, 22-k gold) varies by the average cost of the underlying metal. We use our pricing range table the week prior to sale in order to determine the product's price. If the average weekly price of the precious metal moves up or down into another cost range, the price of the product will also go up or down, respectively, by a fixed amount. You'll find detailed pricing instructions here.
The United States Mint's numismatic programs are self-sustaining and operate at no cost to the taxpayer. Any excess funds are returned to the Treasury General Fund to reduce the annual budget deficit of the federal government.

Right, but my point is, silver isn't on the pricing grid. I thought you were trying to draw a comparison with the mint pricing of silver products, and it's handled differently. Beats me how exactly the price silver and clad products. "No one knows" I guess. Never seen an explanation. Only the mint saying "they have to make money".
Ultimately, it's not mandatory that I know, I know I want it. At this point gold is at least down somewhat, compared to earlier in the year, so "there's that". Just wondering if anyone knows if they release the price say on Monday or won't know until Wednesday or Thursday. My bet is it'll be Wednesday, and probably be about 5300.

You may get what you don't want. The mint has said they are considering a pricing grid for silver. They also point out that, unlike gold, they can't hedge silver prices.

Classical hedging.

They enter into a futures contract for gold at a fixed price, regardless of the then-current spot. They pay a fee for this service, but have predictability.

They also have vendor gold stored in the US Mint's vault, but they only pay for it when they use it, either in cash or by purchasing replacement on the open market. This way they have gold available for manufacturing products, but don't have to own it until needed.

They can do this for gold because the volumes vs. silver are substantially lower.

What they are talking about is implementing a pricing grid for silver, like the one for gold, to allow them to reprice silver products more rapidly in response to the market.

Say they bought a silver bar at $40/oz, but now they go to use it, and the market replacement price is $70... should they charge based on $40 or $70? The pricing grid moves them to replacement pricing.

That to me sounds like it "may" be better for the consumer. It mainly depends on how much premium the Mint would actually add to the price of the metal. We all know it's typically a high premium. But if you want something directly from the Mint, it's the only game in town.
Do you think the price will be known on Wednesday? It's confusing. The last time I went through this it was for the bristle cone pine Liberty gold coin. Returned due to finning and never replaced. Man I really hope I get it, getting nervous with the hype over it now. The extra 1500 production is just fine with me!