The United States Mint on Wednesday cut the prices on all its collector gold coins in response to falling gold prices over the previous week.
Unlike the Mint’s investment-grade gold coins that are sold for small premiums above the latest spot price of gold at the time, the United States Mint has a policy to adjust its numismatic gold coin prices up to once a week based on a weekly average of the precious metal.
That average fell below $1,500 an ounce, which triggered the following new product prices:
| Product | Old Prices | Current Prices | Change |
| Uncirculated First Spouse Coins | $916.00 | $891.00 | $25.00 |
| Proof First Spouse Coins | $929.00 | $904.00 | $25.00 |
| 1 oz Uncirculated Gold Eagle | $1,778.00 | $1,728.00 | $50.00 |
| 1 oz Proof Gold Eagle | $1,785.00 | $1,735.00 | $50.00 |
| 1/2 oz Proof Gold Eagle | $906.00 | $881.00 | $25.00 |
| 1/4 oz Proof Gold Eagle | $465.50 | $453.00 | $12.50 |
| 1/10 oz Proof Gold Eagle | $200.50 | $195.50 | $5.00 |
| Proof Gold Eagle 4-Coin Set | $3,308 | $3,215.50 | $92.50 |
Additionally, the price point for the 2011 Proof American Buffalo Coin is now known. The United States Mint will release the new, one-ounce 24-karat gold piece on Thursday for $1,760.00.
The Mint last raised coin prices on April 27 when the yellow metal shot to a record high and its weekly average fell within the $1,500 to $1,549.50 range. The highest ever coin prices hurt demand, as numismatic gold coin sales quickly retreated.
The pricing range now used is between $1,450.00 and $1,499.99 an ounce. Should the gold average from Thursday to next Wednesday move outside the level, the United States Mint will again adjust product prices up or down, accordingly.
Visit http://catalog.usmint.gov/ for more information about any of the above coins.
