The United States Mint on Monday updated pricing across the board for their remaining 2008-dated American Buffalo Gold and American Eagle Gold coins.
The price changes were expected and in line with a January 7 notice where the Mint announced a new pricing policy that would adjust gold and platinum coin prices based primarily on the London Fix weekly average (covering the previous Thursday through Wednesday a.m. Fix).
The policy was introduced to "mitigate the effect that fluctuating gold and platinum commodity costs" has on coins, the Mint said. The new pricing mechanism is much more open as it contains tables of coin prices based on ranges of London Fix bullion prices. If the London Fix weekly average stays within a $50 range for gold and a $100 range for platinum, the collector coin prices would not be change. A penny beyond those thresholds in either direction kicks in a price adjustment.
The Mint last adjusted prices on November 13 when it resumed sales of many of its gold and platinum collector products. At that time, prices moved predominately lower and were closer to bullion prices.
To prepare for the price updates, the Mint suspended gold and platinum coin sale on Sunday and then resumed them early Monday morning. The new round of changes has resulted in substantial price increases for many of the remaining 2008 gold coins, as the tables indicate.
2008-W American Eagle Gold Uncirculated Prices |
|||||
|
Old Price
|
New Price
|
$ Change
|
% Increase
|
||
| 1 ounce |
974.95
|
1,128.00
|
153.05
|
15.7%
|
|
| 1/2 ounce |
509.95
|
575.00
|
65.05
|
12.8%
|
|
| 1/4 ounce |
287.45
|
297.00
|
9.55
|
3.3%
|
|
| 1/10 ounce |
154.95
|
129.50
|
(25.45)
|
-16.4%
|
|
| 4 coin set |
1,862.45
|
2,097.00
|
234.55
|
12.6%
|
|
| US Mint coin information page: American Eagle Gold Uncirculated Coins | |||||
2008-W American Eagle Gold Proof Prices |
|||||
|
Old Price
|
New Price
|
$ Change
|
% Increase
|
||
| 1/10 ounce |
162.95
|
135.50
|
(27.45)
|
-16.8%
|
|
| US Mint coin information page: American Eagle Gold Proof Coins | |||||
2008-W American Buffalo Gold Coins Prices |
|||||
|
Old Price
|
New Price
|
$ Change
|
% Increase
|
||
| Double Prosperity Set |
1,078.88
|
1,175.00
|
96.12
|
8.9%
|
|
| Celebration Coin |
968.88
|
1,147.00
|
178.12
|
18.4%
|
|
| US Mint coin information page: American Buffalo 24K Gold Coins | |||||
The London Fix is used as a price benchmark for immediate silver, gold and platinum delivery. The Monday AM fix for gold was $848.50 an ounce.
The CoinNews collector tool page Mint Coin Price Guide has been updated with the latest prices, coin premiums over bullion spots, and Mint sales figures. The tool can help locate the better priced and more scarce coins.
