Not running out of gold.. just the gold blanks that the coins are minted out of. Lets see:
Sell 1oz, 22carat gold coin for $1244. Cost of one ounce of 24carat gold metal is $1176 per troy ounce. Cost of gold in 22carat coin is $1176(22/24) = $1078. Result = net income of about $1244/$1078 – 1 = 0.1539 or 15% by just pressing into coin.
Platinum coins will be sold beginning next month, the mint said. None have been sold this year, the Web site shows.
I wonder what these will go for. Raw metal goes for $1436.50/oz, which is underpriced against gold when comparing to rarity (about 30 times more rare).
