Wednesdays are when the United States Mint averages gold prices to check whether it should reduce the price of its numismatic gold coins.
Based on falling gold prices and the Mint’s coin pricing criteria, chances have improved for reductions across 17 gold products in amounts ranging from $5 to $92.50.
Coin News Update: On Wednesday, the U.S. Mint reduced prices on its gold coins. New prices are shown in the "To" column in the table further below.
Current prices for gold coins are based on a London Fix weekly average that settles within the range of $1,250.00 to $1,299.99 an ounce. As of this writing, gold prices are trading near $1,245 an ounce, having dropped for six straight days to sit at a four-month low. If Wednesday’s London AM gold Fix is below $1,257.46 an ounce and the PM fixing is under $1,250 an ounce, the following U.S. Mint coin pricing cuts will happen:
| Numismatic Gold Products | From | To |
| 2014-W Proof American Gold Buffalo Coin | $1,640.00 | $1,590.00 |
| 2014-W Uncirculated American Eagle Gold Coin (1 oz) | $1,575.00 | $1,525.00 |
| 2014-W Proof American Eagle Gold Coin (1 oz) | $1,610.00 | $1,560.00 |
| 2014-W Proof American Eagle Gold Coin (1/2 oz) | $820.00 | $795.00 |
| 2014-W Proof American Eagle Gold Coin (1/4 oz) | $422.50 | $410.50 |
| 2014-W Proof American Eagle Gold Coin (1/10 oz) | $180.00 | $175.00 |
| 2014-W Proof Gold Eagle Four-Coin Set | $2,982.50 | $2,890.00 |
| 2013-W Proof First Spouse Gold Coins | $840.00 | $815.00 |
| 2013-W Uncirculated First Spouse Gold Coins | $820.00 | $795.00 |
The First Spouse Gold Coins include the 10 proof and uncirculated issues honoring former first ladies Edith Wilson, Ellen Wilson, Helen Taft, Edith Roosevelt, and Ida McKinley.
If pricing adjustments are required, the U.S. Mint typically halts ordering for the affected coins for about 30 minutes until new prices are entered and checked. This tends to occur near noon (ET).
As always, this coin news article will get updated with what actually happens.
