Gold Collector Coin Prices at US Mint to Decline

by on April 7, 2009 · 0 comments

The following article was released Tuesday afternoon on the CoinNews sister site, First Spouse Coins. The most relevant information is republished here, as an additional recommendation to watch for likely changes to US Mint collector UHR and First Spouse gold coin prices on Wednesday or Thursday.

Declining ChartFirst Spouse Gold Coin prices are headed lower this week, according to the US Mint policy to adjust pricing for gold coins using the London Fix weekly average.

The "magic" threshold for current Mint pricing is based on a London gold average of between $900-$950 an ounce, which kicked in and was used for the last round of Mint gold coin price reductions.

Since Thursday, gold steadily began its track below $900 an ounce — triggering likely cuts Wednesday.

Using the Mint First Spouse Gold Coins Price Grid and assuming gold doesn’t shoot ballistically high Wednesday AM, prices will fall by $25. Proof coins now at $629 will come down to $604. Uncirculated coins will adjust from $616 to $591.

Ultra High Relief Gold Coins, which use a different adjustment scale, will also drop — from $1,289 to $1,239, or by $50.

[Editor’s Update: The US Mint on Wednesday morning reduced prices to those listed above.]

For the complete article, follow Gold First Spouse Coin Prices Set to Move Lower.

{ 0 comments… add one now }

Leave a Comment