The United States Mint on Wednesday will unveil pricing on some upcoming gold coins to include those commemorating the 100th anniversary of the National Park Service (NPS) and the two honoring former First Lady Betty Ford. The NPS coins launch on Thursday and Betty Ford First Spouse Gold Coins go on sale Friday.
There’s also a chance on Wednesday that the U.S. Mint will raise prices on earlier issued collector gold coins. Their prices are subject to change according to a pricing schedule and a weekly average of LBMA gold. Current prices are based on an average that’s within the range of $1,200.00 to $1,249.99 an ounce. Aside from Monday, gold has hovered above the level.
If Wednesday’s LBMA gold price for the AM is above $1,213.80 an ounce and the PM fixing is over $1,249.99 an ounce, then prices of U.S. gold coins will climb by as much as $50 for every ounce of gold they contain.
The following table summarizes the current and possible higher prices, and includes those for the upcoming National Park Service and Betty Ford gold coins.
|Current Level||Possible Prices|
|2016-W $5 NPS 100th Anniversary Gold Proof Coin*||$400.45||$412.60|
|2016-W $5 NPS 100th Anniversary Gold Uncirculated Coin*||$395.45||$407.60|
|2016-W NPS 100th Anniversary Three-Coin Set*||$466.45||$478.60|
|2016-W Proof Gold Eagle Coin (1 oz)||$1,560.00||$1,610.00|
|2016-W Proof Gold Eagle Coin (1/2 oz)||$795.00||$820.00|
|2016-W Proof Gold Eagle Coin (1/4 oz)||$410.00||$422.50|
|2016-W Proof Gold Eagle Coin (1/10 oz)||$175.00||$180.00|
|2016-W Proof Gold Eagle 4-Coin Set||$2,890.00||$2,982.50|
|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|
|2014, 2015 & 2016 $10 First Spouse Gold Proof Coins||$815.00||$840.00|
|2014, 2015 & 2016 $10 First Spouse Gold Uncirculated Coins||$795.00||$820.00|
*NPS gold coins have a 30-day introductory sales period that includes a $5 discount. Those discounted prices are shown. Products with an asterisk (**) have been unavailable for some time.
The U.S. Mint has adjusted pricing three times this year — all increases — with the last instance on Feb. 17. 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: Tumbling gold averted increases in coin prices. The precious metal’s weekly average was within the higher coin pricing tier but Wednesday’s LBMA gold price for the PM dived to $1,217.60 an ounce.
The above gold coins are found on the U.S. Mint’s website page located here. CoinNews will write about the upcoming gold coins on their release day.