There’s a good chance that the United States Mint on Wednesday, March 9, will raise prices on its suite of collectible gold coins.
Potential increases come on the heels of advancing gold as it bounces near a 13-month high.
U.S. Mint policy is to set prices of collector gold coins based on a weekly average of London gold. That policy has resulted in three rounds of adjustments this year. The last one happened on Feb. 17 when gold’s weekly average settled to within the range of $1,200.00 to $1,249.99 an ounce. The yellow metal has since firmed into a higher tier, and is now trading near $1,266 an ounce.
If Wednesday’s LBMA gold price for the PM stays atop $1,249.99 an ounce, expect the following adjustments across the Mint’s gold products:
|2016-W $5 Mark Twain Gold Proof Coin||$405.45||$417.60|
|2016-W $5 Mark Twain Gold Uncirculated Coin||$400.45||$412.60|
|2015-W Proof Gold Buffalo Coin (1 oz)*||$1,590.00||$1,640.00|
|2015-W Uncirculated Gold Eagle Coin (1 oz)*||$1,525.00||$1,575.00|
|2015-W Proof Gold Eagle Coin (1 oz)*||$1,560.00||$1,610.00|
|2015-W Proof Gold Eagle Coin (1/2 oz)*||$795.00||$820.00|
|2015-W Proof Gold Eagle Coin (1/4 oz)*||$410.00||$422.50|
|2015-W Proof Gold Eagle Coin (1/10 oz)*||$175.00||$180.00|
|2014, 2015 & 2016 First Spouse Gold Proof Coins||$815.00||$840.00|
|2014, 2015 & 2016 First Spouse Gold Uncirculated Coins||$795.00||$820.00|
Products with an asterisk (*) have been unavailable for some time.
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: Wednesday’s PM London gold price tumbled to $1,246.40, averting any change in coin prices even as the weekly average remained well above $1,249.99 an ounce.
The above gold coins are found on the U.S. Mint’s website page located here.
Upcoming Gold Coins
A number of 2016-dated U.S. gold coins are launching soon. The United States Mint has also updated its product schedule to include an on sale date for the highly anticipated Mercury Dime 2016 Centennial Gold Coin.
Here’s a listing of collectible gold releases through July:
- 2016 Proof American Gold Eagles – Mar. 17
- 100th Anniversary of the National Park Service 2016 $5 Gold Coins in proof and uncirculated – Mar. 24
- 2016 Betty Ford First Spouse Gold Coins – Mar. 25
- 2016 Proof American Gold Buffalo – Mar. 31
- 2016 Uncirculated American Gold Eagle – Apr. 17
- 2016 Mercury Dime Centennial Gold Coin – Apr. 21
The next scheduled gold product launch doesn’t happen until July when sales kick off for the 2016 Nancy Reagan First Spouse Gold Coins.
In addition and related to the gold Mercury dime, release dates have not been announced for the .9999 fine gold coins commemorating the centennial of the Standing Liberty quarter and the Walking Liberty half-dollar.