2020 American Gold Eagle Pricing. What?!

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Author	Replies: 3 / Views: 1,360
CelticKnot Bedrock of the Community United States 12817 Posts	Posted 03/19/2020 10:43 pm Gold spot drops through the floor yet prices skyrocket for AGEs the very same week? Sounds like typical US Mint behavior these days. However, it does seem to be pretty close to their published pricing matrix. Once upon a time I would buy the annual 1/10th oz AGE but those days are history with these prices. $240 for 1/10 ounce? Are they insane? 2019: 1/10th oz AGE: $187.50 Approx spot of Ag at time of release: $1,300 2020: 1/20th oz AGE: $240.00 (+28%) Approx spot of Ag at time of release: $1,480 (+12%) According to the U.S. Mint site, they set their pricing based on spot the week prior. So, in theory, if I were to wait a week, the price would be adjusted down. Still far too pricey. I will search for them on the secondary market in a couple years. Report this Post to the Staff

BadDog Pillar of the Community United States 1374 Posts	Posted 03/20/2020 08:40 am It's even worse than that, as the US Mint recently changed, i.e., increased, the 2020 pricing grid as well. The new grid was announced in the March 18th Federal Register. Prices from a 2020 grid I downloaded on 2/24/2020 (Au spot in the 1500-1550 range) 1/10 ozt - Bullion 207.50 , PRF - 255 $5 Commemorative - BU 475, PRF 485 Prices from a 2020 grid I downloaded today, 3/20/2020 (Au spot in the 1500-1550 range) 1/10 ozt - Bullion 240, PRF- 270 $5 Commemorative - BU 590.50, PRF 600.50 I had to triple check to believe that the nearly 25% increase in the commemorative pricing was real Edited by BadDog 03/20/2020 08:46 am Report this Post to the Staff
CelticKnot Bedrock of the Community United States 12817 Posts	Posted 03/20/2020 2:27 pm I am out of the market (direct-from-mint anyway) of gold commemoratives at those prices as well. The good news is there will be more money in my pocket this year to invest in silver (assuming any of the PM dealers get silver back in any time soon). Report this Post to the Staff
Ballyhoo Pillar of the Community United States 1613 Posts	Posted 03/21/2020 5:00 pm Agreed. Funny you brought this up as I saw a 2016 1/10 oz. not a week ago sell for $216.00 on ebay. Missed it by one dollar. So perhaps it's best to wait for them on the secondary market. ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon Report this Post to the Staff
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