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Monday, August 22, 2011

US Mint Suspends Silver Sets, Raises Gold Collector Coin Prices

 

United States Mint Gold Collector Coins

The three United States Mint coins above were among those to have prices raised in four of the last five weeks.

The near ballistic rise in gold has resulted in another series of United States Mint price increases for its gold collector coins. On Wednesday, the Mint pulled the trigger on the latest round of hikes — the fourth in five weeks. Coin prices since July have been raised on a per coin basis from as little as $25 to as high as $462.50. On Friday, the Mint suspended two of its older silver sets as silver topped $42 an ounce.

Current gold prices should hold until Wednesday morning, although with gold soaring to successive all-time record highs — at $1,848.60 an ounce as of this writing — a preemptivesuspension like last week could potentially be in play.
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