Look for Cheaper US Mint Gold Coins

by Mike Unser on April 14, 2015 · 3 comments

2015 Proof American Gold Buffalo

On Wednesday, the price of the 2015-W Proof American Gold Buffalo could drop by $50. Other gold coins are also poised for reductions.

Falling gold prices have set the stage for possible price reductions on United States Mint gold coins, including the new 2015-W Proof Gold Buffalo.

One week after they advanced, the U.S. Mint on Wednesday could cut coin prices as the average weekly price of gold has slipped slightly below $1,200 an ounce. The Mint this year has already made five pricing adjustments — raising them three times and dropping them twice. The last instance was on April 8 when the average of London gold climbed into the $1,200.00 to $1,249.99 an ounce range.

Coin News Update: The U.S. Mint did lower prices, which are shown in the "To" column further below.

While gold prices on Wednesday must still be considered, the precious metal’s weekly average is now within a pricing tier that’s $50 lower. If Wednesday’s London gold AM price is below $1,217 an ounce and the PM price is under $1,200 an ounce — prices at this writing are falling toward $1,192, then expect these changes:

From To
2015-W Proof Gold Buffalo Coin (1 oz) $1,590.00 $1,540.00
2015-W Proof Gold Eagle Coin (1 oz) $1,560.00 $1,510.00
2015-W Proof Gold Eagle Coin (1/2 oz) $795.00 $770.00
2015-W Proof Gold Eagle Coin (1/4 oz) $410.00 $397.50
2015-W Proof Gold Eagle Coin (1/10 oz) $175.00 $170.00
2015-W Proof Gold Eagle Four-Coin Set $2,890.00 $2,797.50
2015 US Marshals Proof Gold Coin $405.45 $393.30
2015 US Marshals Uncirculated Gold Coin $400.45 $388.30
2015 US Marshals Three-Coin Set $466.45 $454.30
1964-2014 Proof Gold Kennedy Gold Coin $1,202.50 $1,165.00
2013 & 2014 First Spouse Gold Proof Coins $815.00 $790.00
2013 & 2014 First Spouse Gold Uncirculated Coins $795.00 $770.00

 

The above numismatic gold coins are found on the Mint’s website page located here.

When called for, pricing changes have happened around 2:00 PM ET. As always, this coin news article will get updated with what actually happens.

{ 3 comments… read them below or add one }

Ilovesilver April 14, 2015 at 6:23 pm

I am thinking gold will sink down to $500-$800, then how much is these Mint proof gold coin (2012-2014) worth ?

Jeff April 14, 2015 at 11:33 pm

The mint publishes a grid which shows the prices for the various coins in $50 increments from about $500 to $2200. There is a fixed cost for each coin, plus the raw cost of gold based on the coins gold content. For example, the Kennedy half dollar is a 3/4 ounce coin with about a $300 markup. So, if gold hits $500 per ounce, then the cost would be roughly $675. Commemorative half eagles have .48375 oz. of gold, and their markup varies depending on whether they are struck as proofs or business (circulation – as if!) strikes.
Here’s the link to the pricing grid. –>

http://demandware.edgesuite.net/aarb_prd/on/demandware.static/Sites-USM-Site/Sites-usm-site-catalog-us/default/v1429070451455/images/PDFs/PMPricingGrid.pdf

RonnieBGood April 15, 2015 at 10:49 am

Gold has settled at approx. the $1,200 level. It will move lower and higher but without major reasons gold will settle back to this level. Gold will not again retreat to prior levels due to the devaluing of the dollar with the 3 government quantitative easing programs. The current strength of the US dollar will cause the dollar to dip but it will never return to the low levels prior to the dollar being devalued. When the US debt weighs on the economy Gold will turn higher.

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