5-Star Generals and Spousal Gold Coin Price Cuts Possible

by Mike Unser on April 2, 2013 · 21 comments

One week after prices went up, they could come down for commemorative 5-Star Generals gold coins and collector First Spouse Gold Coins.

2013 5-Star Generals Commemorative Coin Three-Coin Proof Set

There is a good chance prices may decline for U.S. Mint gold coin products, like the 2013 5-Star Generals Commemorative Coin Three-Coin Proof Set

Numismatic gold products from the U.S. Mint are subject to weekly price adjustments based on the value of gold. In its coin pricing matrix, the U.S. Mint uses a weekly average of London gold fixings to decide gold coin prices. The fixings averaged are from the Thursday AM to the Wednesday AM.

Since London markets closed for Good Friday and Easter Monday, only two days of gold prices are available. Currently, they average to $1,595.50 an ounce, which lands in a lower gold coin pricing tier.

In short, if the Wednesday AM fixing for gold is below $1,617.98 an ounce and the PM fixing is below $1,600 an ounce, the following gold coin pricing cuts will happen:

Update: The United States Mint reduced prices of its numismatic gold coins by noon ET on March 3. The new prices are those listed in the "Possible Price Cuts" column below.

  Current Prices Possible Price Cuts
Proof 5-Star Generals $5 Gold Coins $497.65 $485.50
Uncirculated 5-Star Generals $5 Gold Coins $492.65 $480.50
5-Star Generals Three-Coin Proof Sets $558.65  $546.50
Proof First Spouse Gold Coins  $1,015.00  $990.00
Uncirculated First Spouse Gold Coins $995.00  $970.00

 

Spot gold is currently hovering at $1,575 an ounce, falling $25 on the day. Unless there is a healthy rebound overnight, expect coin prices to drop.

The United States Mint (www.usmint.gov) tends to adjust coin prices, when needed, at around 12:00 noon ET on Wednesdays. Refer back to this article for an update on what happened.

{ 21 comments… read them below or add one }

Victor April 2, 2013 at 8:34 pm

Why not!!! I ordered mine and they’re on the way!

Joe#2 April 2, 2013 at 8:48 pm

At the moment gold is falling like hotcakes. Down about $11.00 a/h at the moment . I was thinking about picking up a set, But now sure how they will do in the future. Good luck Vic.

george glazener April 2, 2013 at 8:52 pm

send ’em right the hell back, get them to refund your shipping, and then re-order the same damn thing at the lower price.

make the bastards eat their stupid rules…!

Joe#2 April 2, 2013 at 8:53 pm

From what i’m seeing, They wont receive the full proof set til the end of may, If then. Oh boy 🙁

Someone April 2, 2013 at 9:21 pm

@George
LOLOLOLOLOL

Kevin April 3, 2013 at 1:30 am

Even Shawn will be happy.

RonnieBGood April 3, 2013 at 9:22 am

Kevin – is that even possible?

George 🙂

The game we play… Now that metals are falling so will the purchases. A higher price now or a low mintage winner later? Gambling anyone?

Shawn April 3, 2013 at 12:20 pm

RBG,
Are you kidding? Do you realize what this does for the price of the most beautiful coin around? The silver eagle? 30.39 as I write. Why glorify murder, when I can glorify freedom? 🙂

george glazener April 3, 2013 at 2:33 pm

Oh God, here we go again…..speaking of COINS, who DOESN’T like George Washington being on a COIN just because he was a military man?

george glazener April 3, 2013 at 4:09 pm

Freedom is NOT FREE. It never has been, and never will be.
Bed-wetting pacifists will never understand this timeless truth. They will always protest those who take up arms to DEFEND freedom as “the aggressors”, because it’s always easier to criticize a counter-attack than to try and prevent the original act of aggression itself.

I like George Washington (1732-1799) continuing to be on the quarter COIN because he stood for the principle of defending our God-given freedoms from the tyranny of King George 3rd, (1760-1820). He would have much rather lived out his days in peace and quiet at Mt Vernon rather than spend them freezing his fanny at Valley Forge and Morristown. But he was a man of high ideals, great courage, an often lucky and sometimes brilliant military strategist who knew what needed to be done for the cause of American Liberty, even if it meant taking the lives of those who chose to dedicate their lives to opposing our freedoms. Same with Eisenhower. These men, and millions of others, are selfless heroes, whom 99.9% of us truly respect & understand. But sadly, there will always be those whose hearts and minds completely fail in matters of basic patriotism and due appreciation for those who have sacrificed their lives for all of us. And that small percentage of Americans are to be pitied.

Bubba April 3, 2013 at 4:57 pm

Benjamin Franklin had this to say about Eagles:
“With all this Injustice, he is never in good Case but like those among Men who live by Sharping & Robbing he is generally poor and often very lousy. Besides he is a rank Coward: The little King Bird not bigger than a Sparrow attacks him boldly and drives him out of the District. He is therefore by no means a proper Emblem for the brave and honest Cincinnati of America who have driven all the King birds from our Country.

Somewhat of an appropriate symbol to support for those that don’t support the people that have faught for our freedom.

Kahoola April 3, 2013 at 5:43 pm

Washington…”the common, received opinion, which under proper limitations is certainly true, that Standing Armies are dangerous to a state”.
“It is our true policy to steer clear of permanent alliances with any portion of the foreign world”.
“The Jealousies of a standing Army, and the Evils to be apprehended from one, are remote; and, in my judgment, situated and circumstanced as we are, not at all to be dreaded; but the consequence of wanting one, according to my Ideas, formed from the present view of things, is certain, and inevitable Ruin; for if I was called upon to declare upon Oath, whether the Militia have been most serviceable or hurtful upon the whole; I should subscribe to the latter.”
And from James Madison, 4th president…”A standing army is one of the greatest mischief that can possibly happen.”

Shawn April 3, 2013 at 8:56 pm

George Washington was the largest landowner and richest man in America. His beef with George III was simple: the King had signed into law a guarantee that all land west of the appalachins belonged to the Native Americans.
Washington made his money through land speculation and this would have stopped him cold, especially with his investments in the Ohio Valley.
Most of the convention members wanted Washington to be KIng, especially Ben Franklin, who preferred a king. Granted, he declined, but mainly for economic reasons, to pursue his investments in land development at the expense of the native americans.
Try to keep it in perspective and please read some history people.
George, Freedom isn’t free, nor is it paid in the blood of innocents, conned into two world wars we had no need to enter , the Spanish American war to steal the resources of the Phillipines, Nicaragua and more.
Now, I didn’t start this little rabble rousing, but if you’re going to bleed red, white and blue, do it on your own rug. I’m just not that insipid.

RonnieBGood April 4, 2013 at 8:48 am

Shawn, To find happiness in life:
Buy your own Island. Live by your ideals.

Run your shorts up the flag pole (we will all salute).

But watch out for pirates. You may need US protection.

Shawn April 4, 2013 at 11:26 am

RBG,
I have my figurative island, I only worry about protection FROM the US.

RonnieBGood April 4, 2013 at 4:08 pm

The pen is mightier than the sword…
But you can’t mint coins from a figurative island.

Joe#2 April 4, 2013 at 4:56 pm

How much wood can a wood chuck chuck, If a woodchuck could chuck wood.?
🙂

george glazener April 5, 2013 at 7:26 am

It all depends if the woodchuck actually loves his country enough to appreciate the sacrifices made by those who fought to plant the trees, save the forest from destruction by fire & axe, and help him transport the fruits of his efforts along the road to market.

Joe#2 April 5, 2013 at 7:40 am

Right George. Just trying to break some of the tension in here. 🙂
Well said.

george glazener April 5, 2013 at 8:18 am

Thank you Joe. I know this is a coin blog, but it just boils my blood when someone throws out a turd-bomb like “Why glorify murder”, when speaking of our armed forces, and then has the audacity to say: “Hey, I didn’t start this little rabble rousing” when we naturally take exception to such a cowardly attack against our veterans. Coin blog, or no coin blog, I WILL take up for our veterans wherever I see them insulted.
Hey Ronnie; what do you think about gold values falling? I still have my Lucy Hayes UNC, and am wondering if I should sell or hold?

Shawn April 5, 2013 at 9:00 am

George,
How is my attack Cowardly? I’m not hiding. I will make that statement to anyone’s face. Just show up.
It isn’t sacrifice to be so stupid, that you kill innocents abroad just because someone in DC tells you to. You have a brain, use it. Just say no to murder.
Nazi’s used the same argument,” they told me to do it”,” I was just following orders”.
Well you better hope we don’t lose one, because that is the reason the nazi’s were imprisoned after Nuremberg. Bush and Cheney are still being referred to as war criminals all over the world- they can’t visit Spain for fear of arrest.
The only turd bomb here is falling from your lips.

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