On Wednesday, Mar. 1, the United States Mint may increase prices on 17 numismatic gold products. The bureau will also set prices for its 2017-dated Proof American Gold Eagles. They launch on Thursday, Mar. 2.
The U.S. Mint’s collections of gold coins have prices that can change weekly depending on the trending value of gold. The Mint most recently raised prices on Jan. 18 when the yellow metal’s average climbed to between $1,200.00 and $1,249.99 an ounce. For the last several days, gold has logged 3-1/2-month highs and is now trading near $1,257 an ounce.
If Wednesday’s LBMA gold price for the AM is above $1,234.75 an ounce and the fixing for the PM stays above $1,250.00 an ounce, then prices of U.S. gold coins will increase by as much as $50 for every ounce of the precious metal they contain.
The following table summarizes the current and possible higher prices, and includes the upcoming 2017 Proof American Gold Eagles.
|Current Prices||Possible Prices|
|2017-W Proof Gold Eagle Coin (1 oz)||$1,560.00||$1,610.00|
|2017-W Proof Gold Eagle Coin (1/2 oz)||$795.00||$820.00|
|2017-W Proof Gold Eagle Coin (1/4 oz)||$410.00||$422.50|
|2017-W Proof Gold Eagle Coin (1/10 oz)||$175.00||$180.00|
|2017-W Proof Gold Eagle Coin 4-Coin Set||$2,890.00||$2,982.50|
|2016-W Walking Liberty Gold Half-Dollar||$865.00||$890.00|
|2016-W Standing Liberty Gold Quarter||$460.00||$472.50|
|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 4-Coin Set||$2,890.00||$2,982.50|
|2015 & 2016 First Spouse Gold Proof Coins||$815.00||$840.00|
|2015 & 2016 First Spouse Gold Uncirculated Coins||$795.00||$820.00|
The United States Mint made two pricing adjustments earlier this year, raising them on Jan. 4 and again on Jan 18. 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: Gold prices dropped Wednesday, with the PM fixing at $1,240.40 an ounce. As a result, the U.S. Mint did not raise its prices. The launch prices of the upcoming 2017-dated proof American Gold Eagles are in the left column of the table above.
The above gold coins are found on the Mint’s website page located here.