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US Mint Pricing History

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Petersun's Avatar
Canada
1700 Posts
 Posted 06/09/2012  12:55 pm Show Profile   Bookmark this topic Add Petersun to your friends list Get a Link to this Message Number of Subscribers
Hello all,
I know that when the presidental dollars came out, they were sold at face value, and now they're more expensive.

Here's my question: is it possible for a new product to reduce price if it's not extremely welcomed?

Also, I've got a feeling that many sets and mint bag prices have shot up a lot. Is this true in fact?
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Bizybackson's Avatar
United States
1817 Posts
 Posted 06/10/2012  01:59 am  Show Profile   Bookmark this reply Add Bizybackson to your friends list Get a Link to this Reply

Quote:
Here's my question: is it possible for a new product to reduce price if it's not extremely welcomed?


Translation: Do they ever have a sale?

Almost never. The only products that move up and down in price are the coins containing platinum and gold and tied in a pricing grid based on the London PM fix on Wednesdays. The silver products require a suspension period in which the Federal register is updated with the new prices. I have never encountered a 10% or more off sale at the end of a product's run. However, there might be an introductory window, typically the first 30 days, like the silver commemoratives $5.00 off or last year's 9-11 medal at $10.00 off. Those seem to be the only sale periods offered.

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wquinn's Avatar
United States
2295 Posts
 Posted 06/11/2012  1:45 pm  Show Profile   Bookmark this reply Add wquinn to your friends list Get a Link to this Reply
As a general rule, most US Mint products have fallen below their original price, since they put on a pretty big mark up. Like most of their proof and uncirculated sets.

And for commems, there is a surcharge added (usually $10 for silver and $35 for gold), that goes to the purpose of the commen, on what it is celebrating. Like a fund raiser for that particular party. So in the secondary market, that amount gets absorbed and drops in price. Unless the mintage is really low, they mostly are selling for bullion, except for the 2001 Bison, since those are in such very high demand.

And generally, if isn't "really welcomed", then the mintage will be really low and the price will increase on it over time.
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