The Galaxy Nexus, the highly-anticipated flagship phone of Google’s next Android operating system, has been a bit of a mystery. Not only has Verizon been quiet about when customers will be able to see the brand-new phone on store shelves, it’s also been mum about how much the phone will cost.

A report from Dow Jones Newswires, citing “people familiar with the matter,” pegs the phone’s cost at $299.99, which seems to be Verizon’s new standard for its premium smartphones.

The Droid RAZR, which the company is pushing hard in advance of the Galaxy Nexus announcement, is priced at $299.99, as is the HTC Rezound. Given the speed and power of the 4G phones, the report said, Verizon may feel more comfortable pricing the phones at the same range as high-demand devices such as the iPhone.

The Galaxy Nexus is certainly seen by some analysts as the most credible competitor to the iPhone so far, even outstripping it in some respect because it’s capable of running on Verizon’s 4G network. The phone has a bigger screen than the iPhone and, of course, has the distinction of being the first phone to run Google’s new Ice Cream Sandwich operating system.

The new system has quite a few experimental perks and features, such as the ability to unlock the phone using facial recognition and an NFC chip that will let users exchange information by tapping their phones together. One of the Galaxy Nexus’s functions, however, will not be a part of its U.S. release: the ability to pay with Google Wallet by using the chip. A report from the Associated Press said that Verizon is not enabling Google Wallet on its phones, likely because the company is involved in Isis, a competing payment system that uses NFC technology.

Sadly, the report still doesn’t give out the information that those eager to buy the newest phone are waiting to hear most — a release date.

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