On Wednesday, Oct. 12, the United States Mint will likely reduce prices on its suite of collector gold coins.
U.S. Mint policy is to set pricing on numismatic gold and platinum coins based on weekly averages of London bullion prices. The agency most recently raised prices on June 29 when gold advanced to within the range of $1,300.00 to $1,349.99 an ounce. The yellow metal has since fallen to a four-month low and is trading near $1,257 an ounce.
If Wednesday’s LBMA gold price for the PM stays under $1,300.00 an ounce, then prices of U.S. gold coins will decline by as much as $50 for every ounce of gold they contain.
Platinum, meanwhile, has dropped below the U.S. Mint’s last coin-setting range of $1,000.00 to $1,049.99 an ounce, trading around $953 an ounce. The 2016-W Proof Platinum Eagle, if it were to return for sale, would be $50 cheaper as long as the precious metal does not surge to above $999.99 an ounce in its Wednesday PM fixing.
The following table lists current and possible coin prices:
|2016-W Proof Platinum Eagle*||$1,400.00||$1,350.00|
|2016-W Gold Mercury Dime*||$215.00||$210.00|
|2016-W Standing Liberty Gold Quarter||$485.00||$472.50|
|2016-W $5 NPS Gold Proof Coin||$429.75||$417.60|
|2016-W $5 NPS Gold Uncirculated Coin||$424.75||$412.60|
|2016-W $5 NPS Three-Coin Proof Coin||$490.75||$478.60|
|2016-W $5 Mark Twain Gold Proof Coin||$429.75||$417.60|
|2016-W $5 Mark Twain Gold Uncirculated Coin||$424.75||$412.60|
|2016-W Proof Gold Buffalo Coin (1 oz)||$1,690.00||$1,640.00|
|2016-W Uncirculated Gold Eagle Coin (1 oz)||$1,625.00||$1,575.00|
|2016-W Proof Gold Eagle Coin (1 oz)||$1,660.00||$1,610.00|
|2016-W Proof Gold Eagle Coin (1/2 oz)||$845.00||$820.00|
|2016-W Proof Gold Eagle Coin (1/4 oz)||$435.00||$422.50|
|2016-W Proof Gold Eagle Coin (1/10 oz)||$185.00||$180.00|
|2016-W Proof Gold Eagle Coin 4-Coin Set||$3,075.00||$2,982.50|
|2015 & 2016 First Spouse Gold Proof Coins||$865.00||$840.00|
|2015 & 2016 First Spouse Gold Uncirculated Coins||$845.00||$820.00|
*The proof Platinum Eagle and the centennial gold Mercury dime have been unavailable for some time.
The United States Mint made seven 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 U.S. Mint reduced prices Wednesday.
The above gold coins are found on the U.S. Mint’s website located here.