On Wednesday, Nov. 16, the United States Mint will likely cut prices on about two dozen gold coins.
Debut pricing for the 2016-W Walking Liberty Centennial Gold Coin, which goes on sale Thursday, will also be known Wednesday.
The U.S. Mint sets prices on collector gold coins based on a weekly average of London gold. The agency most recently trimmed prices on Oct. 12 when gold fell to within the range of $1,250.00 to $1,299.99 an ounce. The precious metal has since dropped to a more than five-month low and is trading around $1,228 an ounce.
If Wednesday’s LBMA gold price for the PM remains below $1,250 an ounce, then prices of U.S. gold coins will fall by as much as $50 for every ounce of gold they contain. The following table lists current and likely coin prices:
|2016-W Gold Mercury Dime*||$210.00||$205.00|
|2016-W Walking Liberty Gold Half-Dollar||–||$865.00|
|2016-W Standing Liberty Gold Quarter||$472.50||$460.00|
|2016-W $5 NPS Gold Proof Coin||$417.60||$405.45|
|2016-W $5 NPS Gold Uncirculated Coin||$412.60||$400.45|
|2016-W $5 NPS Three-Coin Proof Coin||$478.60||$466.45|
|2016-W $5 Mark Twain Gold Proof Coin||$417.60||$405.45|
|2016-W $5 Mark Twain Gold Uncirculated Coin||$412.60||$400.45|
|2016-W Proof Gold Buffalo Coin (1 oz)||$1,640.00||$1,590.00|
|2016-W Uncirculated Gold Eagle Coin (1 oz)||$1,575.00||$1,525.00|
|2016-W Proof Gold Eagle Coin (1 oz)||$1,610.00||$1,560.00|
|2016-W Proof Gold Eagle Coin (1/2 oz)||$820.00||$795.00|
|2016-W Proof Gold Eagle Coin (1/4 oz)||$422.50||$410.00|
|2016-W Proof Gold Eagle Coin (1/10 oz)||$180.00||$175.00|
|2016-W Proof Gold Eagle Coin 4-Coin Set||$2,982.50||$2,890.00|
|2015 & 2016 First Spouse Gold Proof Coins||$840.00||$815.00|
|2015 & 2016 First Spouse Gold Uncirculated Coins||$820.00||$795.00|
*The centennial gold Mercury dime has been unavailable for some time.
The U.S. Mint made eight pricing changes earlier in the year, raising them in all but two instances. Past adjustments have tended to happen on Wednesdays at around 2:00 p.m. Eastern Time. This article will be updated with what actually happens.
Update: As expected, the United States Mint reduced gold coin prices. It also set the starting price of the 2016-W Walking Liberty Gold Half-Dollar at $865.
The above gold coins are found on the U.S. Mint’s website page located here.