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Royal Mint Price Increase on Gold Coins
The Royal Mint Price Increase
We received a price increase notice from the Royal Mint dated August 2005, with details of price increases on UK gold coin products as from 14th September 2005.
UK Gold Coins & Coin Sets
The following table shows the Royal Mint's new prices effective from mid September 2005. We had been expecting the Mint to increase a number of its prices as the gold bullion (the raw material) prices have increased by about 10% during the year.
Most of our prices are lower than the Mint's existing prices, we intend to retain most of our existing prices, but we too may need to increase some of our prices soon. Our advice is to buy, from us of course, as soon as possible to beat these prices rises.
Even Higher Gold Price Levels
The price of gold bullion has further increased by around 10% from September to November 2005, and we would expect the Royal Mint to be thinking about further price increases. Next year's products will need to be priced higher than this year's if the Royal Mint is to maintain its profitability level.
Effect on Previous Issues
Many older gold proof and collectors issues sell at relatively low premiums over their intrinsic gold content. As gold has been rising sharply, the price of these older issues must increase. Strangely enough, we have noticed an increase in the numbers of gold sets and proofs we are being offered which has had the effect of keeping their prices steady, and even lower in some cases, but eventually, these prices must increase simply because the higher intrinsic gold value will force their prices up.
2006 Price Increases Leave Older Gold as Bargains
We believe that many existing gold proof coins, sets, and other collectable gold coins remain bargains, as their prices have not yet risen in line with gold bullion price increases.
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Buy Now to Beat Price Rise
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