The United States Mint has reduced the prices of various numismatic gold coin product offerings, effective earlier this week on November 23, 2011. Frequent changes have been norm for most of the year, amidst volatility in precious metals prices. This is the eighteenth weekly pricing adjustment for the year.
The Mint uses a flexible pricing policy adopted in early 2009, which allows pricing adjustments to be made as frequently as weekly for enumerated products. Under the policy, the average price of gold is calculated based on the London Fix prices from the prior Thursday AM to the current Wednesday AM and pricing tiers are established at $50 intervals. If the average price moves into a different tier and the Wednesday PM price agrees directionally, then prices are adjusted proportionally based on gold content.
Initially, the policy applied to numismatic versions of the American Gold Eagle, American Gold Buffalo, American Platinum Eagle, and First Spouse Gold Coins. Earlier this year, the policy was expanded to cover commemorative gold coins. This year’s gold commemoratives contain 0.2418 troy ounces of gold.
The new prices shown below are based on an average gold price within the $1,700 to $1749.99 range. Products may be purchased from the United States Mint at http://catalog.usmint.gov/
|Old Price||New Price|
|Gold Eagle 1 oz. Unc||2,028.00||1,978.00|
|Gold Eagle 1/2 oz. Proof||1,031.00||1,006.00|
|Gold Eagle 1/4 oz. Proof||528.00||515.50|
|Gold Eagle 1/10 oz. Proof||225.50||220.50|
|Gold Eagle 4 Coin Set||3,770.50||3,678.00|
|Gold Buffalo Proof||2,060.00||2,010.00|
|$5 Gold Proof Commemorative||534.30||522.15|
|$5 Gold Unc Commemorative||524.30||512.15|
|First Spouse Gold Proof||1,054.00||1,029.00|
|First Spouse Gold Unc||1,041.00||1,016.00|