Look for Lower US Mint Gold Coin Prices

by CoinNews.net on February 10, 2015 · 0 comments

1964-2014 Proof 50th Anniversary Kennedy 50c Gold Coin

US Mint collectible gold coin prices are poised for reductions Wednesday

There’s a good chance on Wednesday for lower United States Mint numismatic gold coin prices. US Marshals Commemorative Gold Coins would be among the products to see reductions.

US Mint pricing adjustments have happened twice this year. Both times coin prices went up. The last increase was on Jan. 21 when the weekly average of the London gold Fix climbed to within the $1,250.00 to $1,299.99 an ounce range. The latest average has slipped into a pricing tier that’s $50 lower, although gold fixings on Wednesday must still be considered.

Coin News Update: As expected, the U.S. Mint reduced gold coin prices. New prices are shown in the "To" column further below.

If Wednesday’s AM gold Fix is below $1,269.21 an ounce and the PM Fix is under $1,250.00 an ounce, expect the following changes in coin prices:

  From To
2015 US Marshals Proof Gold Coin $412.60 $400.45
2015 US Marshals Uncirculated Gold Coin $407.60 $395.45
2015 US Marshals Three-Coin Set $473.60 $461.45
1964-2014 Proof Gold Kennedy Gold Coin $1,240.00 $1,202.50
2013 & 2014 First Spouse Gold Proof Coins $840.00 $815.00
2013 & 2014 First Spouse Gold Uncirculated Coins $820.00 $795.00

 

When the United States Mint adjusts prices, it freezes ordering of the affected products for around 30 minutes until the new prices go live. Pricing adjustments this year have tended to happen around 3:00 PM ET.

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

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