NumisMaster Logo
Sign In
Free Newsletter

Collector Info
In Print
Site Map
Mint Hikes Prices for 1 Ounce Gold, Platinum
By Harry Miller, Numismatic News
March 04, 2013

This article was originally printed in Numismatic News.
>> Subscribe today!

Another brilliant move out of Washington, the U.S. Mint has increased the cost over melt of proof 1 ounce gold Buffalos and proof 1 ounce platinum Eagles. This is despite profitable yet falling demand. Other bullion related items have been increased as well.

2012 U.S. Coin Digest: Bullion
2012 U.S. Coin Digest: Bullion

This easy-to-search pricing and identification download is solely focused on U.S bullion coins. Get your download today!

Some will think this is part of a conspiracy to hammer precious metals some more, but I doubt they are that smart and coordinated. At any rate, we have gold trickling down again on this last day of February after having rallied nicely over $1,600 for a few days. Silver was also moving up nicely having closed the ratio gap to 53 to 1, but is now in the 55 to 1 range. Platinum, after hitting nearly a 4 percent premium to gold, is now toying with parity again. This could be hedge fund action or perhaps some of the mining issues in South Africa are calming down. Silver is the better buy at current levels.

When it comes to bullion related US Type coins many may be under pressure, but copper issues are just the opposite. I hate to sound like a broken record but Early Copper issues are not only strong, they are on fire! There are over 70 non-gold price changes in this week’s charts 67 are increases across the early copper sector.

While copper is the news the rest of the non-gold type coin markets remains very healthy.

Comments or suggestions: Email

More Coin Collecting Resources:

Get the 2012 Coin of the Year, and begin your collection of the award winning Mint of Israel Biblical Coins Series all at once for one low price!

• Subscribe to our Coin Price Guide, buy Coin Books Coin Folders and join the NumisMaster VIP Program

The Essential Guide to Investing in Precious Metals

Add to:   digg
With this article: Email to friend   Print

Something to add? Notice an error? Comment on this article.

About Us | Contact Us | Privacy | Your data is secure
©2018 F+W Publications, Inc., Iola, Wisconsin. All rights reserved.