US Mint’s New Pricing Policy & Price for 2009 Ultra High Relief Gold

Yesterday, the US Mint unveiled a new pricing policy for all gold and platinum numismatic products.

Under the new policy, prices can be updated as often as weekly. Adjustments will take place on Thursday mornings at 10:00 AM ET if the average price of gold for the prior week exceeds certain thresholds. The thresholds are placed at $50 increments for gold products and $100 increments for platinum products.

The pricing charts included with the US Mint’s notification included the eagerly anticipated 2009 Ultra High Relief Gold Double Eagle. This is the first indication that collectors have seen on the price for the upcoming offering.

Provided the average price of gold remains between $850 to $899.99, the coins will be priced at $1,239 each.  The coins will be released on January 22, 2009.

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