US Mint Gold Coins Poised for Price Increases

by CoinNews.net on June 24, 2014 · 0 comments

2014 Proof Gold Eagle Coins

Prices of numismatic American Gold Eagles, and other gold coins, could increase Wednesday by $50 per ounce of gold content

It appears likely that prices of United States Mint gold coins will increase on Wednesday and for the second time in June, marking a jump of $100 per ounce of precious metal content compared to the start of the month when the bureau reduced gold coin prices.

Coin News Update: As expected, the U.S. Mint increased gold coin prices on Wednesday. The pricing adjustments happened later than typical, kicking in at about 12:45 p.m. ET. New coin prices are listed in the "To" column further below.

Wednesdays are when the U.S. Mint averages gold prices to determine whether it should cut or raise prices on its numismatic gold coins. According to the Mint’s pricing grid and based on a stronger gold market, chances are high for hikes across 17 gold products in amounts ranging from $5 to $92.50.

U.S. Mint gold coin pricing is currently based on a London Fix weekly average that is within a range of $1,250 to $1,299.99 an ounce. London gold fixings from June 19 to June 24 averages to $1,308.25 an ounce and the yellow metal is currently trading near $1,321 an ounce.

Criteria and Possible Price Increases

If Wednesday’s London AM gold Fix is higher than $1,233.96 an ounce and the PM fixing is above $1,299.99 an ounce, the following U.S. Mint coin pricing increases will happen:

Numismatic Gold Coin Products From To
2014-W Proof American Gold Buffalo Coin $1,640.00 $1,690.00
2014-W Uncirculated American Eagle Gold Coin (1 oz) $1,575.00 $1,625.00
2014-W Proof American Eagle Gold Coin (1 oz) $1,610.00 $1,660.00
2014-W Proof American Eagle Gold Coin (1/2 oz) $820.00 $845.00
2014-W Proof American Eagle Gold Coin (1/4 oz) $422.50 $435.50
2014-W Proof American Eagle Gold Coin (1/10 oz) $180.00 $185.00
2014-W Proof Gold Eagle Four-Coin Set $2,982.50 $3,075.00
2013-W Proof First Spouse Gold Coins $840.00 $865.00
2013-W Uncirculated First Spouse Gold Coins $820.00 $845.00

 

2013 First Spouse Gold Coins include the 10 uncirculated and proof coins honoring former first ladies Edith Roosevelt, Ida McKinley, Edith Wilson, Ellen Wilson, and Helen Taft.

If pricing adjustments are needed, the U.S. Mint typically suspends ordering for the affected products for around 30 minutes until new prices are entered and verified. This tends to happen near noon (ET). U.S. Mint numismatic products may be ordered from www.usmint.gov/catalog.

This coin news article will get updated with what actually happens.

2014 First Spouse Gold Coin Release Dates

In related news, the U.S. Mint updated its product schedule this week to include release dates for the first two of this year’s four First Spouse Gold Coins. Those are:

  • July 10 for the Florence Harding First Spouse Gold Coins and
  • July 17 for the Grace Coolidge First Spouse Gold Coins

Gold coins honoring former first ladies Lou Hoover and Eleanor Roosevelt do not yet have release dates.

{ 0 comments… add one now }

Leave a Comment