[Federal Register Volume 74, Number 3 (Tuesday, January 6, 2009)]
[Notices]
[Pages 493-496]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-31424]
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DEPARTMENT OF THE TREASURY
United States Mint
Notification of New Pricing Methodology for Numismatic Products
Containing Platinum and Gold Coins
SUMMARY: The United States Mint is implementing a new pricing
methodology for its numismatic products containing platinum and gold
coins to mitigate the effect that fluctuating gold and platinum
commodity costs has on the pricing of these products. The new pricing
methodology is based primarily on the London Fix weekly average
(average of the London Fix prices covering the previous Thursday a.m.
Fix through the Wednesday a.m. Fix) platinum and gold prices, which
reflect the market value of the platinum and gold bullion that these
products contain. As required by law, the prices of these products also
must be sufficient to recover all other costs incurred by the United
States Mint, such as the cost of minting, marketing, and distributing
such products (including labor, materials, dies, use of machinery, and
promotional and overhead expenses). This pricing methodology will allow
the United States Mint to change the prices of these products as often
as weekly so they better reflect the costs of platinum and gold on the
open markets.
DATES: The new pricing methodology, as further explained in the
SUPPLEMENTARY INFORMATION section, will go into effect on January 12,
2008.
FOR FURTHER INFORMATION CONTACT: B.B. Craig, Associate Director for
Sales and Marketing; United States Mint; 801 Ninth Street, NW.;
Washington , DC 20220; or call 202-354-7500.
SUPPLEMENTARY INFORMATION: Pursuant to the authority that 31 U.S.C.
5111(a)(3), 5112(i), 5112(k), 5112(o), and 5112(q) grant the Secretary
of the Treasury to mint and issue gold and platinum coins and to
prepare and distribute numismatic items, the United States Mint sells
to the public numismatic products containing American Eagle Gold and
Platinum Coins, American Buffalo Gold Coins, First Spouse Gold Coins,
and the 2009 United States Mint Ultra High Relief Double Eagle Gold
Coin. In accordance with 31 U.S.C. 9701(b)(2)(B), the United States
Mint is changing the prices of these coins to reflect a new methodology
in pricing.
Effective January 12, 2009, the United States Mint will commence
selling numismatic products containing American Eagle Gold and Platinum
Coins, American Buffalo Gold Coins, First Spouse Gold Coins, and the
2009 United States Mint Ultra High Relief Double Eagle Gold Coin at
prices established by using the new pricing methodology. Specifically,
each Wednesday, the United States Mint will apply the average London
Fix for platinum and gold (average of the London Fix prices covering
the previous Thursday A.M. Fix through the Wednesday A.M. Fix) to the
below pricing schedules. Price adjustments as a result of this process,
if any, will be effective at 10 a.m. E.S.T. on the immediately
following Thursday.
Pricing of Numismatic Products Containing Gold Coins \1\
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2009 United
States mint
American American American American First First spouse ultra high
Average price of gold buffalo buffalo gold eagle gold eagle gold Celebration 8-8-08 spouse 24K 24K relief
gold proof uncirculated proof uncirculated coin double proof uncirculated double
prosperity eagle gold
coin
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$500.00 to $549.99......................... 1 oz....................... $810.00 $808.00 $785.00 $778.00 $797.00 $825.00 ........... ............ $889.00
\1/2\ oz................... $432.00 $429.00 $406.00 $400.00 ........... ........... $429.00 $416.00 ...........
\1/4\ oz................... $241.50 $239.00 $215.50 $209.50 ........... ........... ........... ............ ...........
\1/10\ oz.................. $127.00 $124.00 $100.50 $94.50 ........... ........... ........... ............ ...........
4 coins.................... $1,488.00 $1,485.00 $1,458.00 $1,450.00 ........... ........... ........... ............ ...........
$550.00 to $599.99......................... 1 oz....................... $860.00 $858.00 $835.00 $828.00 $847.00 $875.00 ........... ............ $939.00
\1/2\ oz................... $457.00 $454.00 $431.00 $425.00 ........... ........... $454.00 $441.00 ...........
\1/4\ oz................... $254.00 $251.50 $228.00 $222.00 ........... ........... ........... ............ ...........
\1/10\ oz.................. $132.00 $129.00 $105.50 $99.50 ........... ........... ........... ............ ...........
4 coins.................... $1,580.50 $1,577.50 $1,550.50 $1,542.50 ........... ........... ........... ............ ...........
$600.00 to $649.99......................... 1 oz....................... $910.00 $908.00 $885.00 $878.00 $897.00 $925.00 ........... ............ $989.00
\1/2\ oz................... $482.00 $479.00 $456.00 $450.00 ........... ........... $479.00 $466.00 ...........
\1/4\ oz................... $266.50 $264.00 $240.50 $234.50 ........... ........... ........... ............ ...........
\1/10\ oz.................. $137.00 $134.00 $110.50 $104.50 ........... ........... ........... ............ ...........
4 coins.................... $1,673.00 $1,670.00 $1,643.00 $1,635.00 ........... ........... ........... ............ ...........
$650.00 to $699.99......................... 1 oz....................... $960.00 $958.00 $935.00 $928.00 $947.00 $975.00 ........... ............ $1,039.00
\1/2\ oz................... $507.00 $504.00 $481.00 $475.00 ........... ........... $504.00 $491.00 ...........
\1/4\ oz................... $279.00 276.50 $253.00 $247.00 ........... ........... ........... ............ ...........
\1/10\ oz.................. $142.00 $139.00 $115.50 $109.50 ........... ........... ........... ............ ...........
4 coins.................... $1,765.50 $1,762.50 $1,735.50 $1,727.50 ........... ........... ........... ............ ...........
$700.00 to $749.99......................... 1 oz....................... $1,010.00 $1,008.00 $985.00 $978.00 $997.00 $1,025.00 ........... ............ $1,089.00
\1/2\ oz................... $532.00 $529.00 $506.00 $500.00 ........... ........... $529.00 516.00 ...........
\1/4\ oz................... $291.50 $289.00 $265.50 $259.50 ........... ........... ........... ............ ...........
\1/10\ oz.................. $147.00 $144.00 $120.50 $114.50 ........... ........... ........... ............ ...........
4 coins.................... $1,858.00 $1,855.00 $1,828.00 $1,820.00 ........... ........... ........... ............ ...........
$750 to $799.99............................ 1 oz....................... $1,060.00 $1,058.00 $1,035.00 $1,028.00 $1,047.00 $1,075.00 ........... ............ $1,139.00
\1/2\ oz................... $557.00 $554.00 $531.00 $525.00 ........... ........... $554.00 $541.00 ...........
\1/4\ oz................... $304.00 $301.50 $278.00 $272.00 ........... ........... ........... ............ ...........
\1/10\ oz.................. $152.00 $149.00 $125.50 $119.50 ........... ........... ........... ............ ...........
4 coins.................... $1,950.50 $1,947.50 $1,920.50 $1,912.50 ........... ........... ........... ............ ...........
$800.00 to $849.99......................... 1 oz....................... $1,110.00 $1,108.00 $1,085.00 $1,078.00 $1,097.00 $1,125.00 ........... ............ $1,189.00
[[Page 494]]
\1/2\ oz................... $582.00 $579.00 $556.00 $550.00 ........... ........... $579.00 $566.00 ...........
\1/4\ oz................... $316.50 $314.00 $290.50 $284.50 ........... ........... ........... ............ ...........
\1/10\ oz.................. $157.00 $154.00 $130.50 $124.50 ........... ........... ........... ............ ...........
4 coins.................... $2,043.00 $2,040.00 $2,013.00 $2,005.00 ........... ........... ........... ............ ...........
$850.00 to $899.99......................... 1 oz....................... $1,160.00 $1,158.00 $1,135.00 $1,128.00 $1,147.00 $1,175.00 ........... ............ $1,239.00
\1/2\ oz................... $607.00 $604.00 $581.00 $575.00 ........... ........... $604.00 $591.00 ...........
\1/4\ oz................... $329.00 $326.50 $303.00 $297.00 ........... ........... ........... ............ ...........
\1/10\ oz.................. $162.00 $159.00 $135.50 $129.50 ........... ........... ........... ............ ...........
4 coins.................... $2,135.50 $2,132.50 $2,105.50 $2,097.50 ........... ........... ........... ............ ...........
$900.00 to $949.99......................... 1 oz....................... $1,210.00 $1,208.00 $1,185.00 $1,178.00 $1,197.00 $1,225.00 ........... ............ $1,289.00
\1/2\ oz................... $632.00 $629.00 $606.00 $600.00 ........... ........... $629.00 $616.00 ...........
\1/4\ oz................... $341.50 $339.00 $315.50 $309.50 ........... ........... ........... ............ ...........
\1/10\ oz.................. $167.00 $164.00 $140.50 $134.50 ........... ........... ........... ............ ...........
4 coins.................... $2,228.00 $2,225.00 $2,198.00 $2,190.00 ........... ........... ........... ............ ...........
$950.00 to $999.99......................... 1 oz....................... $1,260.00 $1,258.00 $1,235.00 $1,228.00 $1,247.00 $1,275.00 ........... ............ $1,339.00
\1/2\ oz................... $657.00 $654.00 $631.00 $625.00 ........... ........... $654.00 $641.00 ...........
\1/4\ oz................... $354.00 $351.50 $328.00 $322.00 ........... ........... ........... ............ ...........
\1/10\ oz.................. $172.00 $169.00 $145.50 $139.50 ........... ........... ........... ............ ...........
4 coins.................... $2,320.50 $2,317.50 $2,290.50 $2,282.50 ........... ........... ........... ............ ...........
$1,000.00 to $1,049.99..................... 1 oz....................... $1,310.00 $1,308.00 $1,285.00 $1,278.00 $1,297.00 $1,325.00 ........... ............ $1,389.00
\1/2\ oz................... $682.00 $679.00 $656.00 $650.00 ........... ........... $679.00 $666.00 ...........
\1/4\ oz................... $366.50 $364.00 $340.50 $334.50 ........... ........... ........... ............ ...........
\1/10\ oz.................. $177.00 $174.00 $150.50 $144.50 ........... ........... ........... ............ ...........
4 coins.................... $2,413.00 $2,410.00 $2,838.00 $2,375.00 ........... ........... ........... ............ ...........
$1,050.00 to $1,099.99..................... 1 oz....................... $1,360.00 $1,358.00 $1,335.00 $1,328.00 $1,347.00 $1,375.00 ........... ............ $1,439.00
\1/2\ oz................... $707.00 $704.00 $681.00 $675.00 ........... ........... $704.00 $691.00 ...........
\1/4\ oz................... $379.00 $376.50 $353.00 $347.00 ........... ........... ........... ............ ...........
\1/10\ oz.................. $182.00 $179.00 $155.50 $149.50 ........... ........... ........... ............ ...........
4 coins.................... $2,505.50 $2,502.50 $2,475.50 $2,467.50 ........... ........... ........... ............ ...........
$1,100.00 to $1,149.99..................... 1 oz....................... $1,410.00 $1,408.00 $1,385.00 $1,378.00 $1,397.00 $1,425.00 ........... ............ $1,489.00
\1/2\ oz................... $732.00 $729.00 $706.00 $700.00 ........... ........... $729.00 $716.00 ...........
\1/4\ oz................... $391.50 $389.00 $365.50 $359.50 ........... ........... ........... ............ ...........
\1/10\ oz.................. $187.00 $184.00 $160.50 $154.50 ........... ........... ........... ............ ...........
4 coins.................... $2,598.00 $2,959.00 $2,568.00 $2,560.00 ........... ........... ........... ............ ...........
$1,150.00 to $1,199.99..................... 1 oz....................... $1,460.00 $1,458.00 $1,435.00 $1,428.00 $1,447.00 $1,475.00 ........... ............ $1,539.00
\1/2\ oz................... $757.00 $754.00 $731.00 $725.00 ........... ........... $754.00 $741.00 ...........
\1/4\ oz................... $404.00 $401.50 $378.00 $372.00 ........... ........... ........... ............ ...........
\1/10\ oz.................. $192.00 $189.00 $165.50 $159.50 ........... ........... ........... ............ ...........
4 coins.................... $2,690.50 $2,687.50 $2,660.50 $2,652.50 ........... ........... ........... ............ ...........
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\1\ The price of each gold product consists of the following components: cost of metal, cost to manufacture (including overhead) and margin. The pricing schedule is based upon a spot price of
gold at $725.00 per FTO. At this spot price, the respective approximate average ranges for each component as a percentage of total price are as follows: cost of metal 66%-74%, cost to
manufacture (including overhead) 11% to 19%, and margin 15%.
Pricing of Numismatic Products Containing Platinum Coins \1\
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American American
eagle eagle American
Average price of platinum platinum platinum eagle 10th
proof uncirculated anniversary
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$550.00 to $649.99......................... 1 oz....................... $892.00 $885.00 $930.00
\1/2\ oz................... $462.00 $455.00 ...........
\1/4\ oz................... $246.00 $240.00 ...........
\1/10\ oz.................. $117.00 $111.50 ...........
4 coins.................... $1,670.00 $1,660.00 ...........
$650.00 to $749.99......................... 1 oz....................... $992.00 $985.00 $1,030.00
\1/2\ oz................... $512.00 $505.00 ...........
\1/4\ oz................... $271.00 $265.00 ...........
\1/10\ oz.................. $127.00 $121.50 ...........
4 coins.................... $1,855.00 $1,845.00 ...........
$750.00 to $849.99......................... 1 oz....................... $1,092.00 $1,085.00 $1,130.00
\1/2\ oz................... $562.00 $555.00 ...........
\1/4\ oz................... $296.00 $290.00 ...........
\1/10\ oz.................. $137.00 $131.50 ...........
4 coins.................... $2,040.00 $2,030.00 ...........
$850.00 to $949.99......................... 1 oz....................... $1,192.00 $1,185.00 $1,230.00
\1/2\ oz................... $612.00 $605.00 ...........
[[Page 495]]
\1/4\ oz................... $321.00 $315.00 ...........
\1/10\ oz.................. $147.00 $141.50 ...........
4 coins.................... $2,225.00 $2,215.00 ...........
$950.00 to $1,049.99....................... 1 oz....................... $1,292.00 $1,285.00 $1,330.00
\1/2\ oz................... $662.00 $655.00 ...........
\1/4\ oz................... $346.00 $340.00 ...........
\1/10\ oz.................. $157.00 $151.50 ...........
4 coins.................... $2,410.00 $2,400.00 ...........
$1,050.00 to $1,149.99..................... 1 oz....................... $1,392.00 $1,385.00 $1,430.00
\1/2\ oz................... $712.00 $705.00 ...........
\1/4\ oz................... $371.00 $365.00 ...........
\1/10\ oz.................. $167.00 $161.50 ...........
4 coins.................... $2,595.00 $2,585.00 ...........
$1,150.00 to $1,249.99..................... 1 oz....................... $1,492.00 $1,485.00 $1,530.00
\1/2\ oz................... $762.00 $755.00 ...........
\1/4\ oz................... $396.00 $390.00 ...........
\1/10\ oz.................. $177.00 $171.50 ...........
4 coins.................... $2,780.00 $2,770.00 ...........
$1,250.00 to $1,349.99..................... 1 oz....................... $1,592.00 $1,585.00 $1,630.00
\1/2\ oz................... $812.00 $805.00 ...........
\1/4\ oz................... $421.00 $415.00 ...........
\1/10\ oz.................. $187.00 $181.50 ...........
4 coins.................... $2,965.00 $2,955.00 ...........
$1,350.00 to $1,449.99..................... 1 oz....................... $1,692.00 $1,685.00 $1,730.00
\1/2\ oz................... $862.00 $855.00 ...........
\1/4\ oz................... $446.00 $440.00 ...........
\1/10\ oz.................. $197.00 $191.50 ...........
4 coins.................... $3,150.00 $3,140.00 ...........
$1,450.00 to $1,549.99..................... 1 oz....................... $1,792.00 $1,785.00 $1,830.00
\1/2\ oz................... $912.00 $905.00 ...........
\1/4\ oz................... $471.00 $465.00 ...........
\1/10\ oz.................. $207.00 $201.50 ...........
4 coins.................... $3,335.00 $3,325.00 ...........
$1,550.00 to $1,649.99..................... 1 oz....................... $1,892.00 $1,885.00 $1,930.00
\1/2\ oz................... $962.00 $955.00 ...........
\1/4\ oz................... $496.00 $490.00 ...........
\1/10\ oz.................. $217.00 $211.50 ...........
4 coins.................... $3,520.00 $3,510.00 ...........
$1,650.00 to $1,749.99..................... 1 oz....................... $1,992.00 $1,985.00 $2,030.00
\1/2\ oz................... $1,012.00 $1,005.00 ...........
\1/4\ oz................... $521.00 $515.00 ...........
\1/10\ oz.................. $227.00 $221.50 ...........
4 coins.................... $3,705.00 $3,695.00 ...........
$1,750.00 to $1,849.99..................... 1 oz....................... $2,092.00 $2,085.00 $2,130.00
\1/2\ oz................... $1,062.00 $1,055.00 ...........
\1/4\ oz................... $546.00 $540.00 ...........
\1/10\ oz.................. $237.00 $231.50 ...........
4 coins.................... $3,890.00 $3,880.00 ...........
$1,850.00 to $1,949.99..................... 1 oz....................... $2,192.00 $2,185.00 $2,230.00
\1/2\ oz................... $1,112.00 $1,105.00 ...........
\1/4\ oz................... $571.00 $565.00 ...........
\1/10\ oz.................. $247.00 $241.50 ...........
4 coins.................... $4,075.00 $4,065.00 ...........
$1,950.00 to $2,049.99..................... 1 oz....................... $2,292.00 $2,285.00 $2,330.00
\1/2\ oz................... $1,162.00 $1,155.00 ...........
\1/4\ oz................... $596.00 $590.00 ...........
\1/10\ oz.................. $257.00 $251.50 ...........
4 coins.................... $4,260.00 $4,250.00 ...........
$2,050.00 to $2,149.99..................... 1 oz....................... $2,392.00 $2,385.00 $2,430.00
\1/2\ oz................... $1,212.00 $1,205.00 ...........
\1/4\ oz................... $621.00 $615.00 ...........
\1/10\ oz.................. $267.00 $261.50 ...........
4 coins.................... $4,445.00 $4,435.00 ...........
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\1\ The price of each platinum product consists of the following components: cost of metal, cost to manufacture
(including overhead) and margin. This price schedule is based upon a spot price of platinum at $800.00 per
FTO. At this spot price, the respective approximate average ranges for each component as a percentage of total
price are as follows: cost of metal 71%-74%, cost to manufacture (including overhead) 11%-14%, and margin 15%.
[[Page 496]]
Authority: 31 U.S.C. 5111, 5112 and 9701.
Dated: December 30, 2008.
Edmund C. Moy,
Director, United States Mint.
[FR Doc. E8-31424 Filed 1-5-09; 8:45 am]
BILLING CODE 4810-37-P