Gold prices have been on the decline in recent days, fluttering below $950 an ounce. The yellow metal’s retreat is bearish for bullion investors but fortunate for collectors wanting to purchase US Mint coins.
Expect a downward shift in First Spouse Coins and UHR $20 prices on Wednesday.
The threshold for the Mint’s current pricing is based on London gold between $950-$999.99 an ounce. Although the Mint must take in the Wednesday morning "London Fix" for gold, the likelihood is for the average to remain below $950 an ounce.
With that, expect price reductions of $25 for First Spouse Gold Coins and $50 for UHR $20 Double Eagles to kick in around noon Wednesday. Look for:
- UHR’s to move to $1,289.00
- Uncirculated First Spouse Coins to fall to $616.00, and
- Proof First Spouse Coins to get priced at $629.00.
The following are the latest gold prices the Mint will use to arrive at an average:
|
London Fix Gold
|
||
| AM | PM | |
| 6/17/2009 – Wednesday | not yet set | n/a |
| 6/16/2009 – Tuesday | 936.75 | 934.00 |
| 6/15/2009 – Monday | 932.00 | 932.25 |
| 6/12/2009 – Friday | 950.00 | 937.25 |
| 6/11/2009 – Thursday | 953.00 | 947.50 |
The London gold-fixing is a benchmark for gold traded directly between big institutions.
The Mint last raised gold coin prices on Wednesday, June 3.
