US Numismatic Platinum and Gold Coins Poised for Price Increases

by Mike Unser on April 30, 2013 · 0 comments

2013 $50 Proof American Gold Eagle

Prices for platinum and gold coins, like this 2013 Proof American Gold Eagle, are expected to increase

Rebounding precious metals look to push prices higher Wednesday for numismatic platinum and gold coins sold by the United States Mint.

U.S. Mint coin prices have changed every Wednesday since March 27 due to volatile gold and platinum market movements. Last Wednesday, April 24, coin prices were adjusted lower when the weekly average for London fixings in gold and platinum slipped to within to $1,400 to $1,449.99 range. To calculate the average, the U.S. Mint uses daily London fixings from the prior Thursday AM to the current Wednesday AM. The Wednesday PM fixing is then used as directional component.

Since Thursday, averages for both precious metals have moved into a higher $1,450 to $1,499.99 range. While Wednesday’s AM and PM fixings must still be considered, it seems likely that coin prices will advance $50 per ounce of gold or platinum content. This grid describes the criteria used by the Mint for weekly adjustments.

Based on current conditions, the following table offers the most likely coin price adjustments:

Update: The U.S. Mint did increase coin prices and to the expected levels. The new prices are found in the "To" column below.

Products From To
2013 Proof 5-Star Generals $5 Gold Coins $454.05 $466.20
2013 Uncirculated 5-Star Generals $5 Gold Coins $449.05 $461.20
2012 Proof First Spouse Gold Coins $915.00 $940.00
2012 Uncirculated First Spouse Gold Coins $895.00 $920.00
2012-W Proof Platinum Eagle $1,800.00 $1,850.00
2013-W Proof Gold Eagle Coin (1 oz) $1,760.00 $1,810.00
2013-W Proof Gold Eagle Coin (1/2 oz) $895.00 $920.00
2013-W Proof Gold Eagle Coin (1/4 oz) $460.00 $472.50
2013-W Proof Gold Eagle Coin (1/10 oz) $195.00 $200.00
2013-W Proof Gold Eagle Four-Coin Set $3,260.00 $3,352.50

 

This coin news article will be edited to show what actually happened. The U.S. Mint usually adjusts coin prices on Wednesday, when needed, at around 12:00 noon ET.

In related coin news, the U.S. Mint has kept three of its silver products off sale since April 15. That day the London silver Fix plunged 14.1% to $23.54 an ounce. The precious metal has since rebounded to $24.42 an ounce. It may take a few more silver fixings to show some stabilization before the U.S. Mint returns to selling the three products, which includes the popular 2013-Proof American Silver Eagle.

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