US Mint Gold Coins Poised for Price Hikes

by CoinNews.net on January 13, 2015 · 0 comments

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

The dual-dated 2014 50th Anniversary Kennedy Gold Coin and other gold pieces from the U.S. Mint are poised for price increases

Expect the United States Mint to raise prices on nearly two dozen collectible gold coins, reversing cuts made on Dec. 24.

Wednesdays are when the Mint averages recent London gold fixings to decide if there’s a need to adjust prices on numismatic products containing the yellow metal. Gold has firmly advanced above $1,200 an ounce, setting up for a new coin pricing tier that is $50 higher than previous.

Wednesday’s fixings must still be considered. The one to watch is the PM fix. If it’s at or above $1,200 an ounce, coin prices will move higher. For reference, gold is on a three-day winning streak with its price at this writing near $1,232 an ounce.

Coin News Update: The U.S. Mint on Wednesday did raise gold coin prices. Those changes were made close to 2:00 PM ET, which is later than typical. New prices are shown in the "To" column further below.

The U.S. Mint is yet to release any 2015-dated gold coins for collectors. Here’s a list of its gold coins and the likely price increases:

  From To
1964-2014 Proof Gold Kennedy Gold Coin $1,165.00 $1,202.50
2014-W Uncirculated American Eagle Gold Coin (1 oz) $1,475.00 $1,525.00
2014-W Proof American Eagle Gold Coin (1/10 oz) $170.00 $175.00
2014-W Proof Gold Eagle Four-Coin Set $2,797.50 $2,890.00
2013 & 2014-W Proof First Spouse Gold Coins $790.00 $815.00
2013 & 2014-W Uncirculated First Spouse Gold Coins $770.00 $795.00

 

Of note, the three American Gold Eagle products are now listed on the Mint’s website as "out of stock." 2014 First Spouse Gold Coins include proof and uncirculated versions honoring former first ladies Florence Harding, Grace Coolidge, Lou Hoover and Eleanor Roosevelt. Available proof and uncirculated 2013 First Spouse Gold Coins commemorate Edith Roosevelt, Ida McKinley, Edith Wilson, Ellen Wilson and Helen Taft.

When the United States Mint adjusts prices, it tends to freeze ordering of the affected products for around 30 minutes. Changes usually happen around the noon hour.

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

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