Today, the United States Mint lowered the prices for certain numismatic products, following a decline in the price of precious metals.
The Mint’s pricing policy for gold and platinum numismatic products allows prices to be adjusted as frequently as once per week, in response to changes in the price of gold. If the average London Fix price of gold for the week moves across certain thresholds, product prices are increased or decreased in corresponding increments. From the prior Thursday AM to the current Wednesday AM, the average price of gold fell within the $1,050.00 to $1,099.999 range. Prices had previously been set one price increment higher.
Current numismatic gold products include the American Buffalo Gold Proof Coin and five different First Spouse Gold Coins. The 2009 Gold Buffalo Proof features the design from James Earle Fraser’s Buffalo Nickel and contains one ounce of 24 karat gold. The 2009 First Spouse Gold Coins feature Anna Harrison, Letitia Tyler, Julia Tyler, Sarah Polk, and Margaret Taylor. Each coin contains one half ounce of 24 karat gold and is available in uncirculated or proof version.
The previously effective prices and the newly effective prices for each product are shown in the table below. The price change was put into effect mid-morning January 27, 2010.
Gold Numismatic Product Prices
|Old Price||New Price|
|Proof Gold Buffalo||$1,410||$1,360|
|First Spouse Proof Coins||$729||$704|
|First Spouse Uncirculated Coins||$716||$691|