United States Mint Complaint - Exorbitant Price Raise

Review by chevere on 2007-11-28
NEW YORK -- The new Dolly Madison Presidential Spouse Gold Commemorative coins were released on 11/19. I noticed that the prices of both the proof as well as the uncirculated coins were increased ONE HUNDRED DOLLARS each. as each coin is one-half ounce, that would bring the price of gold to over ONE THOUSAND DOLLARS an ounce. The other three Presidential Spouse coins released this year prior to Dolly Madison were roughly around the same price. This parallelled very well the current price of gold. But to increase the price by one hundred dollars, with absolutely no prior announcement, was a bit tacky. How can the Mint justify raising the price of each coin?

While the first three Presidential Spouse coins were sold out in one hour, there are still Dolly Madison coins available through the US MINT.
Comments:1 Replies - Latest reply on 2007-11-29
Posted by Anonymous on 2007-11-29:
One could have the same complaint about the price of oil. With no prior announcement the price keeps going up. How can the oil companies justify that? They do it because they can.

p.s. It is a duplicate posting.

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