Soaring Gold Lifts Coin Prices, Sets 2010 Proof Gold Eagle Prices

by CoinNews.net on October 5, 2010 · 0 comments

up trend chartGold prices continue to surge forward with new records set nearly every day during the last two weeks. Now, the demand for the yellow metal will pull United States Mint collector gold coin prices higher, including those of the upcoming 2010 Proof Gold Eagles.

Pricing for the U.S. Mint’s numismatic gold coins can change depending on the London Fix weekly gold average. The Mint last raised coin prices on September 15, 2010, when the average moved between $1,250.00 and $1,299.99 an ounce.

Gold has since soared even higher, and is handily falling into the Mint’s next pricing tier that ranges from $1,300 to $1,349.99 an ounce.

Based on historical adjustments, around mid-morning Wednesday the prices for all First Spouse Gold Coins will increase by $25 and the 2010 Proof Buffalo Gold will move up $50. Each of these coins will be at their highest levels ever.

Furthermore, the 2010 Proof American Gold Eagle coins which launch on Thursday at noon ET will have price tags that are $50 higher than if they were released today.

New pricing for the affected coins follow:

Current Price New Price
Uncirculated First Spouse Gold Coins $791.00 $816.00
Proof First Spouse Gold Coins $804.00 $829.00
Proof American Buffalo Gold Coin $1,560.00 $1,610.00
1 oz Proof Gold Eagle N/A $1,585.00
1/2 oz Proof Gold Eagle N/A $806.00
1/4 oz Proof Gold Eagle N/A $415.50
1/10 oz Proof Gold Eagle N/A $180.50
4-Coin Proof Gold Eagle Set N/A $2,938.00

 

For reference, the London Fix PM gold price on Tuesday was set to $1,330.50 an ounce. Later closing U.S. gold prices reached a new record of $1,340.30 an ounce. Gold would have to fall below $1,170 an ounce on Wednesday for the Mint to keep collector gold coin prices unchanged.

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