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