Price Increases On US Mint Gold Coins
Due to recent price increases on gold, the US Mint has increased its prices on some of the more popular gold coins it manufactures. The Ultra High Relief $20 St Gaudens Gold coin as well as First Spouse gold coins will rise in price by a fairly significant amount.
Ultra high relief coins will go up by $50 each and First Spouse coins will go up by $25 per coin. At the time of this pricing on June 2, 2009, gold was a bit above $950 an ounce and has since dropped approximately $20 and ounce, but the Mint has not seen fit to drop the price on these 2 coins.
Gold remains highly volatile because of current economic conditions, but should be going up as the United States Government continues to rack up unprecedented debt and monetize that debt by printing an endless supply of cash. Unfortunately the Obama administration hasn’t yet figured out that just printing more money could bring about hyperinflation. This isn’t such a bad thing for the price of gold because it should go through the roof, however, hyper inflation is never a good thing and will bring on much more economic pain.
If you want to get in on the First Spouse collectible coin or buy a few Ultra High Relief St Gaudens Gold Coins before only those with lots of money can afford them, you can still find them at pretty good prices on eBay. Just click on the links above to be directed to our eBay listings to see what’s available.
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