US Mint Numismatic Gold Coin Price Cuts Possible

0
A close-up of a Proof American Gold Eagle coin
There’s a good chance the U.S. Mint will lower prices on numismatic gold coins

U.S. Mint pricing of 15 numismatic gold coins could drop by $50 per ounce of gold content after prices went up last Wednesday when gold crawled above $1,300 an ounce by $1.50.

Numismatic products up for possible pricing reversals include the four different sized 2014 Proof American Gold Eagles, the four-coin set of them and the ten half-ounce 2013 First Spouse Gold Coins.

Current coin prices are based on a London Fix weekly average of gold that sits within $1,300.00 to $1,349.99 an ounce. The precious metal has plunged in the last several days with gold now moving toward $1,280 an ounce.

In a typical week, ten fixings are monitored by the United States Mint — all the AM and PM London gold fixings from the previous Thursday to current Wednesday. The count is down to five fixings this round since London markets shut down for Good Friday and Easter Monday.

Coin News Update: Numismatic gold coin prices were trimmed a few minutes before noon on Wednesday with new prices shown in the “To” column further below.

Using the Mint’s pricing matrix, if Wednesday’s AM gold fix is below $1,324.25 an ounce and the PM gold fix is under $1,300 an ounce, the following price adjustments will kick in at around 12:00 noon ET:

US Mint Numismatic Gold Coin From To
2013-W Proof First Spouse Gold Coins $865.00 $840.00
2013-W Uncirculated First Spouse Gold Coins $845.00 $820.00
2014-W Proof Gold Eagle Coin (1 oz) $1,660.00 $1,610.00
2014-W Proof Gold Eagle Coin (1/2 oz) $845.00 $820.00
2014-W Proof Gold Eagle Coin (1/4 oz) $435.00 $422.50
2014-W Proof Gold Eagle Coin (1/10 oz) $185.00 $180.00
2014-W Proof Gold Eagle Four-Coin Set $3,075.00 $2,982.50

 

The 24-karat First Spouse Gold Coins include those honoring Ida McKinley, Edith Roosevelt, Helen Taft, Ellen Wilson and Edith Wilson.

As always, this coin news article will get updated to show what actually happened.

Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments