United States Mint numismatic gold coin prices are poised for reductions Wednesday, keeping them better aligned with falling gold.
Wednesdays are when the U.S. Mint averages recent London gold Fix prices to determine if there’s the need to lower or raise its product pricing. While gold prices are up today and they ended higher on Monday for the first time in six days, the yellow metal’s weekly average is solidly within a lower $1,200.00 to $1,249.99 range. That calls for coin pricing decreases of $50 per ounce of gold content.
CoinNews Update: As expected, the U.S. Mint lowered its coin pricing. The changes, shown in the "To" column further below, were implemented by mid-afternoon on Wednesday — a few hours later than typical.
Gold fixings on Wednesday must still be considered. The one to watch is the PM fix. Gold coin prices will be reduced as long as it stays below $1,250 an ounce — gold is near $1,237 an ounce as of this writing. If that happens, look for these changes:
|Numismatic Gold Coin Products||From||To|
|1964-2014 Proof Gold Kennedy Gold Coin||$1,240.00||$1,202.50|
|2014-W Proof American Gold Buffalo Coin||$1,640.00||$1,590.00|
|2014-W Uncirculated American Eagle Gold Coin (1 oz)||$1,575.00||$1,525.00|
|2014-W Proof American Eagle Gold Coin (1/2 oz)||$820.00||$795.00|
|2014-W Proof American Eagle Gold Coin (1/4 oz)||$422.50||$410.00|
|2014-W Proof American Eagle Gold Coin (1/10 oz)||$180.00||$175.00|
|2014-W Proof Gold Eagle Four-Coin Set||$2,982.50||$2,890.00|
|2013 & 2014-W Proof First Spouse Gold Coins||$840.00||$815.00|
|2013 & 2014-W Uncirculated First Spouse Gold Coins||$820.00||$795.00|
2014 First Spouse Gold Coins include those honoring former first ladies Florence Harding, Grace Coolidge, Lou Hoover and Eleanor Roosevelt. The 2013-dated coins commemorate Edith Roosevelt, Ida McKinley, Edith Wilson, Ellen Wilson and Helen Taft.
If pricing adjustments are needed, the Mint tends halts ordering of the affected products for around 30 minutes until new price points are entered and verified. Adjustments usually happen around the noon hour. This coin news article will get updated with what actually happens.