US Mint Gold Coin Price Cuts Expected; 2017 Proof Gold Buffalo Pricing

by CoinNews.net on May 9, 2017 · 4 comments

2017 $50 Proof American Gold Buffalo

The 2017 $50 Proof American Gold Buffalo goes on sale Thursday

On Wednesday, May 10, there is a very good chance that the United States Mint will lower prices on twenty-five numismatic gold products. The bureau will also establish the opening price for its May 11 release of the 2017-dated Proof American Gold Buffalo.

The U.S. Mint’s collections of gold coins have prices that can change depending on the trending value of gold. The Mint most recently raised prices on April 12 when gold’s weekly average climbed above $1,250 an ounce. The precious metal is now trading at a more than 7-week low and was last down $9.10 to $1,216.90 an ounce.

If Wednesday’s LBMA gold price for the PM remains below $1,250.00 an ounce, then prices of U.S. collector gold coins will fall by as much as $50 for every ounce of the precious metal they contain.

The following table summarizes the current and likely lower prices, and includes the upcoming 24-karat 2017 American Gold Buffalo Coin.

Current Prices Likely Prices
2017-W American Gold Buffalo Coin (1 oz) $1,590.00
2017-W American Liberty Gold Coin $1,690.00 $1,640.00
2017-W Proof Gold Eagle Coin (1 oz) $1,610.00 $1,560.00
2017-W Proof Gold Eagle Coin (1/2 oz) $820.00 $795.00
2017-W Proof Gold Eagle Coin (1/4 oz) $422.50 $410.00
2017-W Proof Gold Eagle Coin (1/10 oz) $180.00 $175.00
2017-W Proof Gold Eagle Coin 4-Coin Set $2,982.50 $2,890.00
2017-W $5 Proof Boys Town Gold Coin $417.60 $405.45
2017-W $5 Uncirculated Boys Town Gold Coin $412.60 $400.45
2017 Boys Town Three-Coin Proof Set $478.60 $466.45
2016-W Walking Liberty Gold Half-Dollar $890.00 $865.00
2016-W Standing Liberty Gold Quarter $472.50 $460.00
2016-W Proof Gold Eagle Coin (1 oz) $1,610.00 $1,560.00
2016-W Proof Gold Eagle Coin (1/2 oz) $820.00 $795.00
2015 & 2016 First Spouse Gold Proof Coins $840.00 $815.00
2015 & 2016 First Spouse Gold Uncirculated Coins $820.00 $795.00

 

The United States Mint made five pricing adjustments this year, increasing them four times and reducing them once. 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 reduced coin prices and set the debuting price of the proof Gold Buffalo to $1,590.

The above gold coins are found on the Mint’s website page located here.

{ 4 comments… read them below or add one }

Joe C. May 9, 2017 at 10:50 am

At this moment gold is down about $8.00, so hoping gold will go below $1200 by next Tuesday to lower gold prices another $50 bucks for the one oz gold coins.

Mike May 9, 2017 at 8:45 pm

Everything‚Äč that go’s up must come down. In this case you can save $80. Or wait another week $80 could turn into $160!!!

Seth Riesling May 10, 2017 at 2:09 pm

Mike Unser –

Your ‘Update” note at the bottom of the article added today has the wrong price for the 2017 Proof Buffalo gold coin. It should be $1590 instead of $1640.

-NumisDudeTx

Mike Unser (CoinNews.net) May 10, 2017 at 2:20 pm

Seth –

Fixed! Thanks.

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