The United States Mint 2011 commemorative gold coinsPrices for the United States Mint commemorative gold coins can be changed once a week, as well as coins are again available after close to two weeks to stop their sales thanks to a new pricing methodology for the network.
The United States Mint on Thursday, August 25, introduce a new network-based commemorative gold coins price guide, which put the coins back into the sale, on the basis of the current value of gold. Pricing grid works similar to the system introduced in 2009 for numismatic gold coins. If the average for the weekly gold moved sufficiently, the commemorative gold coins followed up or down $ 12.15 correction. Pricing network follows:
Commemorative coins of gold, the pricing gridAverage London fixed gold price (USD)The United States Mint new describes the pricing methodology, in part, the basis of:
"Mainly of London determined weekly average (average of the London fix prices covering the previous Thursday morning determined by Wednesday morning, determined) gold prices reflect the cost of gold gold contained in those products."
The Court went on to say that:
"As required by law, the Commemorative coins to be sold at a price equal to the sum of the nominal value of the coins, the fee in respect of such coins, as well as the costs for the design and issuance of coins." and that the pricing grid allows changes of coins "as often as weekly so they better reflect the cost of gold" in them.
Commemorative coins shall be settled by legislative initiatives, which are passed in Congress and signed into law by the President. Typical years lead to at least two Commemorative Coins produced in silver. Not every necessary year gold such as 2011. Coins, affected by the new system for pricing network this year include:
Proof 2011 Medal of honour $ 5 commemorative gold CoinUncirculated 2011 Medal of honour $ 5 commemorative gold CoinProof 2011 u.s. Army $ 5 commemorative gold CoinUncirculated 2011 u.s. Army-$ 5 commemorative gold coinAs a result of the new system of the network, each of the coins increased in price from $ 79.35. The two evidence currently costs $ 534.30, while both uncirculated coins each cost $ 524.30. But again, their prices can change each week. While the Mint system indicates that adjustments of prices will enter into force at 10 a.m. ET on Thursday, immediately after the Bureau usually adjust prices if necessary before 12: 00 noon ET on Wednesdays.
More information on Commemorative coins at the Mint of the United States for this year and recent years is available on the sister site http://www.coinnews.net/commemorativecoins/, as well as the Mint web page at http://www.usmint.gov/mint_programs/?action=commemoratives.
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