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.