Prices are now higher for United States Mint platinum and gold coins produced for coin collectors. The Mint raised them as a result of rising metal values.
Coin prices can get adjusted weekly based on the Mint’s product pricing policy and the direction of precious metals. Those metals have been volatile, but they had managed to maintain an average which had kept coins at their same prices since October 12 — the last of six straight weekly adjustments.
When the London Fix average for gold jumped to within $1,700.00 and $1749.99 (between last Thursday to this Wednesday), the United States Mint pulled the trigger and raised gold collector coin prices. Likewise, platinum during the same period shot to within $1,550.00 to $1,649.99 and that dictated a $100 increase to the 2011-W Proof American Platinum Eagle.
New US Mint Prices for Platinum and Gold Collector Coins
| US Mint Product | Old Price | New Price | Price Increase |
| Proof Platinum Eagle | $1,792.00 | $1,892.00 | $100 |
| Uncirculated First Spouse Coins | $991.00 | $1,016.00 | $25.00 |
| Proof First Spouse Coins | $1,004.00 | $1,029.00 | $25.00 |
| American Gold Buffalo | $1,960.00 | $2,010.00 | $50.00 |
| 1 oz Uncirculated Gold Eagle | $1,928.00 | $1,978.00 | $50.00 |
| 1/2 oz Proof Eagle | $981.00 | $1,006.00 | $25.00 |
| 1/4 oz Proof Eagle | $503.00 | $515.50 | $12.50 |
| 1/10 oz Proof Eagle | $215.50 | $220.50 | $5.00 |
| Proof Gold Eagle 4-Coin Set | $3,585.50 | $3,678.00 | $92.50 |
| U.S. Army $5 Commemorative Coins – Proof | $510.00 | $522.15 | $12.15 |
| U.S. Army $5 Commemorative Coins – Uncirculated | $500.00 | $512.15 | $12.15 |
| U.S. Medal of Honor $5 Commemorative Coins – Proof | $510.00 | $522.15 | $12.15 |
| U.S. Medal of Honor $5 Commemorative Coins – Uncirculated | $500.00 | $512.15 | $12.15 |
The United States Mint first introduced its weekly pricing methodology for platinum and gold collector coins on January 6, 2009. Interesting, at that time the upper pricing brackets maxed out at $1,199.99 an ounce for gold and $2,149.99 an ounce for platinum. The ceilings have moved higher over time. Just recently (mid-October) the Mint pushed them up further in the event precious metals reach record heights. The upper brackets are now at $2,999.99 for gold and $3,449.99 for platinum.
There is only one reason for U.S. Mint or other mints raising prices on silver, gold, and platinum coins? Inflation!!!
When are the palliadium eagles coming out?