Per the recent trend of gold on the London Fix, a series of price increases is very likely for several United States Mint collector gold coins.
Numismatic gold and platinum coin prices are re-evaluated each week on Wednesday. Last week the price on the proof Platinum Eagle rose but gold coins remained the same. This week it looks like a reversal, with gold coins rising and the Platinum Eagle remaining unchanged.
[Update: The U.S. Mint increased coin prices as expected. New pricing is shown in the "Likely Prices" column below.]
The London Fix average for the yellow metal moved up between Thursday, January 19, and Tuesday, January 24, to the level between $1,650.00 and $1,699.99 per ounce. Previously it had held steady in a $50 lower range.
While tomorrow’s (Wednesday) AM fixing must still be calculated into the weekly average, based on the Mint’s pricing policy, the average so far is $1,662.88. Unless Wednesday’s AM fixing is below $1,547 or the directional PM fix is under $1,650 an ounce, then the following price adjustments will occur:
Likely United States Mint Prices for Collector Gold Coins
US Mint Product | Current Prices | Likely Prices | Price Increase |
Uncirculated First Spouse Coins | $966.00 | $991.00 | $25.00 |
Proof First Spouse Coins | $979.00 | $1,004.00 | $25.00 |
American Gold Buffalo | $1,910.00 | $1,960.00 | $50.00 |
1/2 oz Proof Eagle | $956.00 | $981.00 | $25.00 |
1/10 oz Proof Eagle | $210.50 | $215.50 | $5.00 |
Proof Gold Eagle 4-Coin Set | $3,493.00 | $3,585.50 | $92.50 |
Tuesday’s London Fix gold AM and PM prices were $1,669.00 and $1,665.50, while the spot price for the precious metal is over $1,665 as of this writing, suggesting Wednesday’s figures will support U.S. Mint pricing changes.
When the United States Mint adjusts coin prices, it will typically halt online ordering of the affected products for 30-60 minutes. The process usually begins between 11:00 a.m. and 12:00 p.m. ET on Wednesday.
Prices for investment-grade bullion coins differ from the collector versions as bullion coin prices change daily based on the latest value of the precious metal they contain.
This is up $100.00 per ounce since Jan 9th