There’s a small possibility that the United States Mint on Wednesday will increase prices on its collectible gold coins. The Mint on Wednesday will also establish pricing for upcoming 2016-W Proof American Gold Eagles. They go on sale Thursday at noon Eastern Time.
U.S. Mint policy for its line of collector gold coins is to set their prices based on a weekly average of London gold. That policy has resulted in three rounds of adjustments this year. The last one happened a month ago when gold’s weekly average moved higher into the range of $1,200.00 to $1,249.99 an ounce. Last Thursday, gold spiked to a 13-month high near $1,273 an ounce. While prices have fallen sharply since — now around $1,232 an ounce, the yellow metal’s weekly average is still slightly within a higher tier.
If Wednesday’s LBMA gold price for the AM moves to above $1,244.30 an ounce and its PM price is atop $1,249.99 an ounce, then prices on U.S. gold coins will climb by as much as $50 for every ounce of gold they contain.
The following table summarizes the current and possible higher prices, and includes the upcoming 2016 Proof American Gold Eagles.
| Current Prices | Possible Prices | |
| 2016-W Proof Gold Eagle Coin (1 oz) | $1,560.00 | $1,610.00 |
| 2016-W Proof Gold Eagle Coin (1/2 oz) | $795.00 | $820.00 |
| 2016-W Proof Gold Eagle Coin (1/4 oz) | $410.00 | $422.50 |
| 2016-W Proof Gold Eagle Coin (1/10 oz) | $175.00 | $180.00 |
| 2016-W Proof Gold Eagle 4-Coin Set | $2,890.00 | $2,982.50 |
| 2016-W $5 Mark Twain Gold Proof Coin | $405.45 | $417.60 |
| 2016-W $5 Mark Twain Gold Uncirculated Coin | $400.45 | $412.60 |
| 2015-W Proof Gold Buffalo Coin (1 oz)* | $1,590.00 | $1,640.00 |
| 2015-W Uncirculated Gold Eagle Coin (1 oz)* | $1,525.00 | $1,575.00 |
| 2015-W Proof Gold Eagle Coin (1 oz)* | $1,560.00 | $1,610.00 |
| 2015-W Proof Gold Eagle Coin (1/2 oz)* | $795.00 | $820.00 |
| 2015-W Proof Gold Eagle Coin (1/4 oz)* | $410.00 | $422.50 |
| 2015-W Proof Gold Eagle Coin (1/10 oz)* | $175.00 | $180.00 |
| 2014, 2015 & 2016 First Spouse Gold Proof Coins | $815.00 | $840.00 |
| 2014, 2015 & 2016 First Spouse Gold Uncirculated Coins | $795.00 | $820.00 |
Products with an asterisk (*) have been unavailable for some time.
Past adjustments have tended to happen on Wednesdays at around 2:00 p.m. ET. This article will get updated with what actually happens.
Update: Falling gold averted increases in coin prices.
The above gold coins are found on the U.S. Mint’s website page located here.
