Gold prices have been on the decline in recent days, fluttering below $950 an ounce. The yellow metal’s retreat is bearish for bullion investors but fortunate for collectors wanting to purchase US Mint coins.
Expect a downward shift in First Spouse Coins and UHR $20 prices on Wednesday.
The threshold for the Mint’s current pricing is based on London gold between $950-$999.99 an ounce. Although the Mint must take in the Wednesday morning "London Fix" for gold, the likelihood is for the average to remain below $950 an ounce.
With that, expect price reductions of $25 for First Spouse Gold Coins and $50 for UHR $20 Double Eagles to kick in around noon Wednesday. Look for:
- UHR’s to move to $1,289.00
- Uncirculated First Spouse Coins to fall to $616.00, and
- Proof First Spouse Coins to get priced at $629.00.
The following are the latest gold prices the Mint will use to arrive at an average:
London Fix Gold
|6/17/2009 – Wednesday||not yet set||n/a|
|6/16/2009 – Tuesday||936.75||934.00|
|6/15/2009 – Monday||932.00||932.25|
|6/12/2009 – Friday||950.00||937.25|
|6/11/2009 – Thursday||953.00||947.50|
The London gold-fixing is a benchmark for gold traded directly between big institutions.
The Mint last raised gold coin prices on Wednesday, June 3.