US Mint Gold Coin Prices May Fall Wed., Aug 22

by CoinNews.net on August 21, 2018 · 3 comments

2018-W $5 Breast Cancer Awareness Gold Coins - Obverses

CoinNews photo of two 2018-W $5 Breast Cancer Awareness Gold Coins. These and other U.S. Mint gold coins could see price reductions on Wednesday, Aug. 22.

On Wednesday, Aug. 22, the United States Mint may reduce prices on its one and one-half dozen gold products made for collectors.

The U.S. Mint’s suite of gold coins have prices that can change weekly based on the trending value of gold as compared against its 2018 pricing matrix. The agency’s current coin prices are based on an average of gold that is within $1,200.00 to $1,249.99 an ounce. The yellow metal ended at a more than 18-month low as recently as Thursday, and it is now trading near $1,190 an ounce.

If Wednesday’s LBMA gold price for the PM is under $1,200 an ounce, then prices of U.S. numismatic gold coins will drop by as much as $50 for every ounce of the precious metal they contain.

The following table summarizes the U.S. Mint’s current and possible gold coin pricing.

Current Prices Possible Prices
2018-W Proof Breast Cancer Awareness Gold Coin $411.50 $399.25
2018-W Uncirculated Breast Cancer Awareness Gold Coin $401.50 $389.25
2018-W American Liberty Gold Coin (1/10 oz) $205.00 $200.00
2017-W American Liberty Gold Coin (1 oz) $1,640.00 $1,590.00
2018-W Proof American Gold Buffalo (1 oz) $1,610.00 $1,560.00
2018-W Uncirculated Gold Eagle Coin (1 oz) $1,540.00 $1,490.00
2018-W Proof Gold Eagle Coin (1 oz) $1,577.50 $1,527.50
2018-W Proof Gold Eagle Coin (1/2 oz) $805.00 $780.00
2018-W Proof Gold Eagle Coin (1/4 oz) $415.00 $402.50
2018-W Proof Gold Eagle Coin (1/10 oz) $177.50 $172.50
2018-W Proof Gold Eagle Four-Coin Set $2,922.50 $2,830.00
2017-W Proof Gold Eagle Coin (1 oz) $1,577.50 $1,527.50
2017-W Proof Gold Eagle Coin (1/2 oz) $805.00 $780.00
2017-W Proof Gold Eagle Coin (1/4 oz) $415.00 $402.50
2016-W Proof Gold Eagle Coin (1 oz) $1,577.50 $1,527.50
2016-W Proof Gold Eagle Coin (1/2 oz) $805.00 $780.00

 

The U.S. Mint has made five prior pricing adjustments this year because of the changing gold market, raising them twice and lowering them three times. Past adjustments have tended to happen on Wednesdays at around 2:00 p.m. ET. This article will be updated with what actually happens.

Update: The United States Mint reduced coin prices.

Information about the above gold coins is available on the Mint’s website page located here.

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Why wasn’t the price lowered last week?