The continuing rise in gold prices has prompted the United States Mint to increase prices for their gold numismatic products once again. The new prices represent another set of all time high prices for available gold coins.
This year the US Mint adopted a new pricing policy, which allows them to adjust prices of gold and platinum numismatic products as often as weekly in response to changes in precious metals prices. The average price of gold and platinum is calculated from the prior Thursday to the current Wednesday. If the calculated average falls within a higher or lower $50 price tier ($100 tier for platinum), coin prices are adjusted by $50 for each ounce of gold content.
Note that this policy covers numismatic gold and platinum products sold by the US Mint directly to the public. It does not cover the bullion coins sold through the US Mint’s network of authorized bullion purchasers.
The United States Mint currently offers the 2009 Ultra High Relief Double Eagle Gold Coin, 2009 Proof Gold Buffalo, and an assortment of First Spouse Gold Coins in uncirculated and proof finishes. The currently available First Spouse coins include Martin Van Buren’s Liberty, Anna Harrison, Letitia Tyler, Julia Tyler, and Margaret Taylor.
The chart below shows the old prices in effect prior to the price change and the new prices currently in effect.
|Old Price||New Price|
|UHR Double Eagle||$ 1,489||$ 1,539|
|Proof Gold Buffalo||$ 1,410||$ 1,460|
|First Spouse Proof Coins||$ 729||$ 754|
|First Spouse Uncirculated Coins||$ 716||$ 741|
So far the escalating prices for collectible gold coins has not deterred prospective buyers. In the past six weeks, prices have now been raised a total of three times. Based on weekly sales reports, the total level of collectible gold coin sales has not been negatively impacted. Sales levels for the 2009 UHR Double Eagle and First Spouse Gold Coins are actually at higher than sales levels from five weeks ago. The 2009 Proof Gold Buffalo was only recently launched, so it experienced the typically high opening week of sales followed by a decline.