Lower US Mint Numismatic Gold Coin Prices Unlikely this Week


Declining ChartThe United States Mint is unlikely to cut numismatic gold coin prices for a second straight week, despite the continual decline in gold prices — now at the lowest levels since early November.

The US Mint cut prices last Wednesday, Dec. 16, when the London Fix weekly gold average retreated under the $1,150.00 an ounce threshold. The next barrier before an adjustment can take place is below $1,100.

London gold did shift below that level on Tuesday, but the current several day average is $1,105.81. The Wednesday AM fix will need to settle under $1,053.50 an ounce to trigger lower prices for US Mint First Spouse Gold Coins, American Buffalo Gold Proof Coins, and Ultra High Relief $20 Double Eagles.

The following are the available gold prices the Mint will use to arrive at an average:

London Fix Gold Prices
12/23/2009 – Wednesday not yet set n/a
12/22/2009 – Tuesday 1094.25 1084.00
12/212009 – Monday 1113.25 1105.50
12/18/2009 – Friday 1106.50 1104.50
12/17/2009 – Thursday 1121.50 1117.00

Should the unexpected happen, look for the Mint to adjust prices around noon ET Wednesday. The prices would be:

  • UHRs from $1,489.00 to $1,439.00,
  • American Buffalo Gold Coins from $1,410.00 to $1,360.00,
  • Uncirculated First Spouse Coins from $716.00 to $691.00, and
  • Proof First Spouse Coins from $729.00 to $704.00

The London gold-fixing is a benchmark for gold traded directly between big institutions.

As a reminder, the US Mint will stop selling UHR Double Eagles on December 31, 2009, at 3 PM ET.

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