On Wednesday, June 29, the U.S. Mint may raise prices on about two dozen gold coins. The agency on Wednesday will also publish pricing for the upcoming 2016-W Proof American Platinum Eagle and 2016-W Nancy Reagan First Spouse Gold Coins. The proof Platinum Eagle goes on sale Thursday while Ronald and Nancy Reagan coins launch on Friday.
U.S. Mint policy is to set pricing on collector gold and platinum coins based on weekly averages of London bullion prices. The agency most recently increased prices on June 15 when gold climbed to within the level of $1,250.00 to $1,299.99 an ounce. The yellow metal has since rallied to a two-year high and is now trading near $1,313 an ounce.
If Wednesday’s LBMA gold price for the AM is above $1,271.85 an ounce and the PM fixing is over $1,300.00 an ounce, then prices of U.S. gold coins will increase by as much as $50 for every ounce of gold they contain.
Platinum, meanwhile, has been stuck for several weeks between $950.00 and $999.99 an ounce. This year’s proof American Platinum Eagle will open at $1,350.00, which is $150 higher than last year’s coin but $300 less than the one from 2014.
The following table lists current and possible coin prices:
|2016-W Proof Platinum Eagle||$1,350.00|
|2016-W Gold Mercury Dime*||$210.00||$215.00|
|2016-W $5 NPS Gold Proof Coin||$417.60||$429.75|
|2016-W $5 NPS Gold Uncirculated Coin||$412.60||$424.75|
|2016-W $5 NPS Three-Coin Proof Coin||$478.60||$490.75|
|2016-W $5 Mark Twain Gold Proof Coin||$417.60||$429.75|
|2016-W $5 Mark Twain Gold Uncirculated Coin||$412.60||$424.75|
|2016-W Proof Gold Buffalo Coin (1 oz)||$1,640.00||$1,690.00|
|2016-W Uncirculated Gold Eagle Coin (1 oz)||$1,575.00||$1,625.00|
|2016-W Proof Gold Eagle Coin (1 oz)||$1,610.00||$1,660.00|
|2016-W Proof Gold Eagle Coin (1/2 oz)||$820.00||$845.00|
|2016-W Proof Gold Eagle Coin (1/4 oz)||$422.50||$435.00|
|2016-W Proof Gold Eagle Coin (1/10 oz)||$180.00||$185.00|
|2016-W Proof Gold Eagle Coin 4-Coin Set||$2,982.50||$3,075.00|
|2014, 2015 & 2016 First Spouse Gold Proof Coins||$840.00||$865.00|
|2014, 2015 & 2016 First Spouse Gold Uncirculated Coins||$820.00||$845.00|
*The centennial gold Mercury dime has been unavailable for some time.
The United States Mint made six pricing adjustments earlier in the year, increasing them in all but one instance. Past adjustments have tended to happen on Wednesdays at around 2:00 p.m. Eastern Time. This article will get updated with what actually happens.
Update: The Mint increased prices. The new prices are listed in the "Possible" column above.
The above gold coins are found on the U.S. Mint’s website located here.