[Federal Register Volume 76, Number 166 (Friday, August 26, 2011)]
[Notices]
[Pages 53533-53534]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-21831]
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DEPARTMENT OF THE TREASURY
United States Mint
Notification of New Pricing Methodology
ACTION: Notice.
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SUMMARY: The United States Mint is implementing a new pricing
methodology for its commemorative gold coins to mitigate the effect
that fluctuating gold commodity costs has on the pricing of these
products. The new pricing methodology is based primarily on the London
Fix weekly average (average of the London Fix prices covering the
previous Thursday A.M. Fix through the Wednesday A.M. Fix) gold prices,
which reflect the cost of the gold bullion that these products contain.
As required by law, commemorative coins must be sold at a price equal
to the sum of the face value of the coins, the surcharge with respect
to such coins, and the cost of designing and issuing the coins
(including labor, materials, dies, use of machinery, overhead expenses,
marketing, and shipping). This pricing methodology will allow the
United States Mint to change the prices of these products as often as
weekly so they better reflect the costs of gold for these coins.
DATES: The new pricing methodology, as further explained in the
SUPPLEMENTARY INFORMATION section, will go into effect on date of
publication.
FOR FURTHER INFORMATION CONTACT: B.B. Craig, Associate Director for
Sales and Marketing; United States Mint; 801 Ninth Street, NW.;
Washington, DC 20220; or call 202-354-7500.
SUPPLEMENTARY INFORMATION: Pursuant to the authority under 31 U.S.C.
5134(f)(1)(A)(i), and public laws that authorize the Secretary of the
Treasury to mint and issue commemorative coins.
Effective date of publication, the United States Mint will commence
selling commemorative gold coins at prices established by using the new
pricing methodology. Specifically, each Wednesday, the United States
Mint will apply the average London Fix for gold (average of the London
Fix prices covering the previous Thursday A.M. Fix through the
Wednesday A.M. Fix) to the below pricing schedules. Price adjustments
as a result of this process, if any, will be effective at 10 a.m. E.T.
on the immediately following Thursday.
Dated: August 22, 2011.
Richard A. Peterson,
Deputy Director, United States Mint.
Pricing of Numismatic Commemorative Products Containing .2431 FTO Gold
Coins With Surcharge of $35
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Commemorative Commemorative
Average price of gold (dollars) gold proof gold uncirculated
(dollars) (dollars)
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500.00 to 549.99.................. 230.55 220.55
550.00 to 599.99.................. 242.70 232.70
600.00 to 649.99.................. 254.85 244.85
650.00 to 699.99.................. 267.00 257.00
700.00 to 749.99.................. 279.15 269.15
750.00 to 799.99.................. 291.30 281.30
800.00 to 849.99.................. 303.45 293.45
[[Page 53534]]
850.00 to 899.99.................. 315.60 305.60
900.00 to 949.99.................. 327.75 317.75
950.00 to 999.99.................. 339.90 329.90
1,000.00 to 1,049.99.............. 352.05 342.05
1,050.00 to 1,099.99.............. 364.20 354.20
1,100.00 to 1,149.99.............. 376.35 366.35
1,150.00 to 1,199.99.............. 388.50 378.50
1,200.00 to 1,249.99.............. 400.65 390.65
1,250.00 to 1,299.99.............. 412.80 402.80
1,300.00 to 1,349.99.............. 424.95 414.95
1,350.00 to 1,399.99.............. 437.10 427.10
1,400.00 to 1,449.99.............. 449.25 439.25
1,450.00 to 1,499.99.............. 461.40 451.40
1,500.00 to 1,549.99.............. 473.55 463.55
1,550.00 to 1,599.99.............. 485.70 475.70
1,600.00 to 1,649.99.............. 497.85 487.85
1,650.00 to 1,699.99.............. 510.00 500.00
1,700.00 to 1,749.99.............. 522.15 512.15
1,750.00 to 1,799.99.............. 534.30 524.30
1,800.00 to 1,849.99.............. 546.45 536.45
1,850.00 to 1,899.99.............. 558.60 548.60
1,900.00 to 1,949.99.............. 570.75 560.75
1,950.00 to 1,999.99.............. 582.90 572.90
2,000.00 to 2,049.99.............. 595.05 585.05
2,050.00 to 2,099.99.............. 607.20 597.20
2,100.00 to 2,149.99.............. 619.35 609.35
2,150.00 to 2,199.99.............. 631.50 621.50
2,200.00 to 2,249.99.............. 643.65 633.65
2,250.00 to 2,299.99.............. 655.80 645.80
2,300.00 to 2,349.99.............. 667.95 657.95
2,350.00 to 2,399.99.............. 680.10 670.10
2,400.00 to 2,449.99.............. 692.25 682.25
2,450.00 to 2,499.99.............. 704.40 694.40
2,500.00 to 2,549.99.............. 716.55 706.55
2,550.00 to 2,599.99.............. 728.70 718.70
2,600.00 to 2,649.99.............. 740.85 730.85
2,650.00 to 2,699.99.............. 753.00 743.00
2,700.00 to 2,749.99.............. 765.15 755.15
2,750.00 to 2,799.99.............. 777.30 767.30
2,800.00 to 2,849.99.............. 789.45 779.45
2,850.00 to 2,899.99.............. 801.60 791.60
2,900.00 to 2,949.99.............. 813.75 803.75
2,950.00 to 2,999.99.............. 825.90 815.90
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[FR Doc. 2011-21831 Filed 8-25-11; 8:45 am]
BILLING CODE P