US Mint Collector Gold Coin Prices May Decline

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2018-W $5 Breast Cancer Awareness Gold Coins - Obverses
CoinNews photo of two 2018-W $5 Breast Cancer Awareness Gold Coins. These and other U.S. Mint gold coins could see price reductions.

In response to falling gold prices, the United States Mint may reduce prices this week on its gold coins for collectors. As has been the case over the last month, a few dollars in the change of gold prices will likely decide whether or not the Mint’s pricing moves down.

The U.S. Mint’s collection of gold coins have prices that can adjust weekly based on the trending value of gold as compared against its 2018 pricing matrix. The agency’s current prices are based on an average of gold that is within $1,250 to $1,299.99 an ounce. Over the past several days gold has trended lower, dropping to a near 7-month low on Monday, though the yellow metal rebounded today and is near $1,253 an ounce.

If Wednesday’s LBMA gold price for the AM is below $1,252.51 an ounce and the PM is under $1,250 an ounce, then prices of U.S. numismatic gold coins will drop 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 $411.50
2018-W Uncirculated Breast Cancer Awareness Gold Coin $413.75 $401.50
2018-W American Liberty Gold Coin (1/10 oz) $210.00 $205.00
2017-W American Liberty Gold Coin (1 oz) $1,690.00 $1,640.00
2018-W Proof American Gold Buffalo (1 oz) $1,660.00 $1,610.00
2018-W Proof Gold Eagle Coin (1 oz) $1,627.50 $1,577.50
2018-W Proof Gold Eagle Coin (1/2 oz) $830.00 $805.00
2018-W Proof Gold Eagle Coin (1/4 oz) $427.50 $415.00
2018-W Proof Gold Eagle Coin (1/10 oz) $182.50 $177.50
2018-W Proof Gold Eagle Four-Coin Set $3,015.00 $2,922.50
2017-W Proof Gold Eagle Coin (1 oz) $1,627.50 $1,577.50
2017-W Proof Gold Eagle Coin (1/2 oz) $830.00 $805.00
2017-W Proof Gold Eagle Coin (1/4 oz) $427.50 $415.00
2016-W Proof Gold Eagle Coin (1 oz) $1,627.50 $1,577.50
2016-W Proof Gold Eagle Coin (1/2 oz) $830.00 $805.00

 

Past adjustments have tended to happen on Wednesdays at around 2:00 p.m. ET. Any potential changes may be delayed with Independence Day this Wednesday. This article will get updated with what actually happens.

Update: LBMA gold prices remained above $1,250 an ounce on Wednesday so coin prices will stay unchanged this week.

Information about the above gold coins is available on the Mint’s website page located here.

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