Retreating gold may result in lower prices Wednesday for numismatic gold coins sold by the United States Mint.
U.S. Mint gold coin prices were last adjusted on October 24, 2012 when the weekly average for London gold dropped to between $1,700.00 and $1,749.99 an ounce. The yellow metal’s average is now tracking well within a lower range of $1,650.00 to $1,699.99 an ounce, which calls for lower prices in gold coins.
That will happen if the London AM Fix price on Wednesday is lower than $1,740.45 an ounce and the PM fixing is under $1,700 an ounce. Gold is hanging around $1,675 an ounce as of this writing.
Update: The U.S. Mint on Wednesday cut coin prices before noon ET as the London AM fixing was $1,674.50 and the PM fixing was $1,665.00. The new gold coin prices are shown in the "Possible Price" column below.
Included in the table below are U.S. Mint numismatic gold coins and the possible pricing adjustments.
Current and Possible Gold Coin Prices
|Numismatic Product||Current Price||Possible Price||Price Decrease|
|Proof First Spouse Gold Coins||$1,029.00||$1,004.00||$25.00|
|Uncirculated First Spouse Gold Coins||$1,016.00||$991.00||$25.00|
|2011-2012 Proof American Gold Buffalo||$2,010.00||$1,960.00||$50.00|
|2012 Proof American Gold Eagle (1 oz)||$1,985.00||$1,935.00||$50.00|
|2012 Proof American Gold Eagle (1/4 oz)||$515.50||$503.00||$12.50|
|2012 Proof American Gold Eagle (1/10 oz)||$220.50||$215.50||$5.00|
|2011-2012 Proof American Gold Eagle 4-Coin Set||$3,678.00||$3,585.50||$92.50|
If coin pricing adjustments happen Wednesday, the U.S. Mint will halt online ordering of the affected coins for a short time. The entire process typically lasts less than 30 minutes and is usually over by noon ET.
Wednesday’s gold fixings will also decide the starting prices for the second term Frances Cleveland First Spouse Gold Coins. They go on sale Thursday at 12:00 noon ET.