US Mint Numismatic Gold Coin Prices May Decline

by Mike Unser on September 16, 2014 · 6 comments

1964-2014 Proof 50th Anniversary Kennedy Half-Dollar Gold Coin

The dual-dated 1964-2014 Proof 50th Anniversary Kennedy Gold Coin and other U.S. Mint gold coins are poised for price declines

United States Mint numismatic gold coin prices are poised for reductions Wednesday, keeping them better aligned with falling gold.

Wednesdays are when the U.S. Mint averages recent London gold Fix prices to determine if there’s the need to lower or raise its product pricing. While gold prices are up today and they ended higher on Monday for the first time in six days, the yellow metal’s weekly average is solidly within a lower $1,200.00 to $1,249.99 range. That calls for coin pricing decreases of $50 per ounce of gold content.

CoinNews Update: As expected, the U.S. Mint lowered its coin pricing. The changes, shown in the "To" column further below, were implemented by mid-afternoon on Wednesday — a few hours later than typical.

Gold fixings on Wednesday must still be considered. The one to watch is the PM fix. Gold coin prices will be reduced as long as it stays below $1,250 an ounce — gold is near $1,237 an ounce as of this writing. If that happens, look for these changes:

Numismatic Gold Coin Products From To
1964-2014 Proof Gold Kennedy Gold Coin $1,240.00 $1,202.50
2014-W Proof American Gold Buffalo Coin $1,640.00 $1,590.00
2014-W Uncirculated American Eagle Gold Coin (1 oz) $1,575.00 $1,525.00
2014-W Proof American Eagle Gold Coin (1/2 oz) $820.00 $795.00
2014-W Proof American Eagle Gold Coin (1/4 oz) $422.50 $410.00
2014-W Proof American Eagle Gold Coin (1/10 oz) $180.00 $175.00
2014-W Proof Gold Eagle Four-Coin Set $2,982.50 $2,890.00
2013 & 2014-W Proof First Spouse Gold Coins $840.00 $815.00
2013 & 2014-W Uncirculated First Spouse Gold Coins $820.00 $795.00

 

2014 First Spouse Gold Coins include those honoring former first ladies Florence Harding, Grace Coolidge, Lou Hoover and Eleanor Roosevelt. The 2013-dated coins commemorate Edith Roosevelt, Ida McKinley, Edith Wilson, Ellen Wilson and Helen Taft.

If pricing adjustments are needed, the Mint tends halts ordering of the affected products for around 30 minutes until new price points are entered and verified. Adjustments usually happen around the noon hour. This coin news article will get updated with what actually happens.

{ 6 comments… read them below or add one }

Jack September 17, 2014 at 3:53 am

Looks like the sales of this one dropped another 543 units since last week. It’s amazing how “cold” this coin got so quickly. With all the excitement at the beginning, I thought this was going to be a repeat of the HOF coins.

JOE #2 September 17, 2014 at 7:52 am

Unreal. Tons and tons of people standing on lines at all the mints waiting for their chance at buying one, Standing in line all night, When most wouldn’t get anything.. I think the problem was with all the “hoopla”. I think the mint just should have sold this coin without any big production on line or by phone, And it might have done better. People wanted the very first coin, Signed with all the bells and whistles.When folks knew they couldn’t get all the bells and whistles, This thing just dropped dead in its tracks. What a shame to commemorate a great President ( imho)..Maybe also instead of a 1 ounce instead of a 3/4 ounce hurt it a bit. Anyway, It is a gorgeous piece.

art September 17, 2014 at 9:02 am

Yes it should of have a Mintage Limit.

RonnieBGood September 17, 2014 at 12:25 pm

The drop in the price of gold has caused the slowdown.
It should be the other way around but it never is.

I agree that this one should have had a mintage limit and the mint should now announce a last date to order. The desire/mintage will rise to meet the final date. The aftermarket value will rise on the final mintage date as well. It will Not until the final mintage of this coin is known.

colec September 17, 2014 at 8:43 pm

This coin should have been an exclusive as a first time minted in gold. It also should have had a mintage limit and should have been 1oz (cheat). I didn’t get one and I’m still not going to. The HOF’s were the best. I got 3.

art September 17, 2014 at 10:05 pm

They should have taken notes from the gold Kennedy and put a limit on the silver Kennedy.

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