Earlier today, prices were reduced for the United States Mint’s available numismatic gold products. This is the second weekly price decrease, following a rapid series of price increases that brought gold coins to their highest issues prices on record.
The United States Mint uses a flexible pricing policy for numismatic gold coins, which allows price adjustments to be made on a weekly basis. The average London Fix price of gold from the previous Thursday AM to the current Wednesday AM is calculated. If the average moves into a different $50 increment and the Wednesday PM price agrees directionally, then product prices are adjusted proportionally. This policy has been in place for the American Gold Eagle, American Gold Buffalo, and First Spouse Gold Coins since early 2009. It was also recently adopted for commemorative gold coins.
So far this year, price increases have taken place on February 16, March 2, April 13, April 27, May 25, July 20, July 27, August 10, August 17, and September 7. Price decreases have taken place on May 18, September 14, and today September 21. For the year to date, the market price of gold is up $378.50 or nearly 27%.
The price changes implemented today are summarized in the chart below.
|Old Price||New Price|
|Gold Eagle 1 oz. Unc||2,078.00||2,028.00|
|Gold Eagle 1 oz. Proof||2,085.00||2,035.00|
|Gold Eagle 1/2 oz. Proof||1,056.00||1,031.00|
|Gold Eagle 1/4 oz. Proof||540.50||528.00|
|Gold Eagle 1/10 oz. Proof||230.50||225.50|
|Gold Eagle 4 Coin Set||3,863.00||3,770.50|
|Gold Buffalo Proof||2,110.00||2,060.00|
|$5 Gold Proof Commemorative||546.45||534.30|
|$5 Gold Unc Commemorative||536.45||524.30|
|First Spouse Gold Proof||1,079.00||1,054.00|
|First Spouse Gold Unc||1,066.00||1,041.00|