The United States Mint on Wednesday, May 30, could increase prices on its suite of collector gold coins. The decision is looking to be a close call, potentially hinging on less than a dollar of movement in gold prices.
The U. S. Mint’s numismatic gold coins have prices that can change weekly based on the trending value of gold as compared against its 2018 pricing matrix. Less than a week ago, on May 23, the agency reduced its prices when gold slipped to within $1,250 to $1,299.99 an ounce. The precious metal has since trended above $1,300 an ounce, although not by much. It’s currently trading at $1,300.70.
If Wednesday’s LBMA gold price in the AM is above $1,293.76 an ounce and then in the PM it is over $1,299.99 an ounce, then prices of U.S. collector gold coins will climb by as much as $50 for every ounce of the precious metal they contain.
The following table summarizes the U.S. Mint’s current and possible gold coin pricing.
Current Prices | Possible Prices | |
2018-W Proof Breast Cancer Awareness Gold Coin | $423.75 | $436.00 |
2018-W Uncirculated Breast Cancer Awareness Gold Coin | $413.75 | $426.00 |
2018-W American Liberty Gold Coin (1/10 oz) | $210.00 | $215.00 |
2017-W American Liberty Gold Coin (1 oz) | $1,690.00 | $1,740.00 |
2018-W Proof American Gold Buffalo (1 oz) | $1,660.00 | $1,710.00 |
2018-W Proof Gold Eagle Coin (1 oz) | $1,627.50 | $1,677.50 |
2018-W Proof Gold Eagle Coin (1/2 oz) | $830.00 | $855.00 |
2018-W Proof Gold Eagle Coin (1/4 oz) | $427.50 | $440.00 |
2018-W Proof Gold Eagle Coin (1/10 oz) | $182.50 | $187.50 |
2018-W Proof Gold Eagle Four-Coin Set | $3,015.00 | $3,107.50 |
2017-W Proof Gold Eagle Coin (1 oz) | $1,627.50 | $1,677.50 |
2017-W Proof Gold Eagle Coin (1/2 oz) | $830.00 | $855.00 |
2017-W Proof Gold Eagle Coin (1/4 oz) | $427.50 | $440.00 |
2016-W Proof Gold Eagle Coin (1 oz) | $1,627.50 | $1,677.50 |
2016-W Proof Gold Eagle Coin (1/2 oz) | $830.00 | $855.00 |
Past adjustments have tended to happen on Wednesdays at around 2:00 p.m. ET. This article will get updated with what actually happens.
Update: The U.S. Mint increased its gold coin prices on Wednesday. The deciding factor was the LBMA PM setting of $1,300.70 — just 70 cents above the level which triggered the increases.
The above gold coins are found on the Mint’s website page located here.