For the second time this year, it looks like the United States Mint will follow the market and raise prices on collectible gold coins by as much as $50 for every ounce of gold they contain.
Increases would come on Wednesday, Feb. 10, and they would include hikes on the Mint’s newest 2016 Mark Twain coins. Many of the agency’s other gold products are currently unavailable.
U.S. Mint policy is to set gold coin prices based on a weekly average of London gold. The precious metal has been on fire with safe-haven demand driving prices up to their highest level since mid-June. Current Mint pricing is based on a weekly gold average that’s within the range of $1,100.00 to $1,149.99 an ounce. Gold is firmly into a higher tier, now trading over $1,198 an ounce.
If Wednesday’s LBMA gold price for the PM stays atop $1,150 an ounce, expect the following adjustments:
|2016-W $5 Mark Twain Gold Proof Coin*||$376.15||$388.30|
|2016-W $5 Mark Twain Gold Uncirculated Coin*||$371.15||$383.30|
|2015-W $100 American Liberty High Relief Gold Coin**||$1,540.00||$1,590.00|
|2015-W Proof Gold Buffalo Coin (1 oz)**||$1,490.00||$1,540.00|
|2015-W Uncirculated Gold Eagle Coin (1 oz)**||$1,425.00||$1,475.00|
|2015-W Proof Gold Eagle Coin (1 oz)**||$1,460.00||$1,510.00|
|2015-W Proof Gold Eagle Coin (1/2 oz)**||$745.00||$770.00|
|2015-W Proof Gold Eagle Coin (1/4 oz)**||$385.00||$397.50|
|2015-W Proof Gold Eagle Coin (1/10 oz)**||$165.00||$170.00|
|2014 & 2015 First Spouse Gold Proof Coins||$765.00||$790.00|
|2014 & 2015 First Spouse Gold Uncirculated Coins||$745.00||$770.00|
**Mark Twain Gold Coins are in their introductory sales period, which ends next Tuesday, Feb. 16, at 3 p.m. ET, when regular pricing takes effect and each coin automatically climbs by $5. Products with two asterisks (**) are currently unavailable.
The United States Mint made fourteen pricing adjustments last year, raising them six times and dropping them eight times. The first for this year happened on the week ended Jan. 27 when coin prices were raised. Past adjustments have tended to happen on Wednesdays at around 2:00 p.m. ET. This article will get updated with what actually happens.
Update: The U.S. Mint increased gold coin prices. New pricing went live a few minutes after 2:00 p.m. ET on Wednesday.
The above gold coins are found on the U.S. Mint’s website page located here.