CoinNews

For the second time this week, the US Mint on Thursday updated American Buffalo Gold, American Eagle Gold and First Spouse Gold coin prices. The Mint also officially announced its pricing strategy for "precious metals numismatic products," and released pricing tables showing how gold and platinum coins will be adjusted in the future.

A Mint document published Jan. 6 by the Federal Register, which is the official daily source for notices by government agencies, laid the ground rules for its pricing policy. In short, prices for collector bullion coins may potentially change every Thursday. Adjustments will be based primarily on a weekly review of London Fix gold and platinum averages. The London Fix is used as a world price benchmark for immediate silver, gold and platinum delivery.

The first set of pricing updates occurred Monday when the new system went into affect. Coins were marked higher for the most part. Gold has declined over the last several days, which triggered a new round of reduced prices Thursday, as the tables reflect:

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