The United States Mint has raised the prices for available numismatic gold products, following the continued increase in the underlying price of gold. Prices have been increased for the 2010 Proof Gold Buffalo Coin and the First Spouse Gold Coins featuring Margaret Taylor, Abigail Fillmore, Jane Pierce, and James Buchanan’s Liberty.
The US Mint’s numismatic gold and platinum coin pricing policy, in place since early 2009, allows pricing adjustments to take place as frequently as once per week in response to the changing prices of the metals. Average weekly prices for gold and platinum are determined based on the London Fix prices from the past Thursday AM to the current Wednesday AM. If the averages move across tiers established at $50 increments for gold and $100 for platinum, then prices are adjusted proportionally.
In the most recent period, the average price of gold moved into the $1,300 to $1,349.99 tier. Although the price of platinum has also risen, the US Mint does not offer any numismatic platinum products currently.
The price of the 2010 Proof Gold Buffalo has increased from $1,560 to $1,610. Each coin contains one ounce of 24 karat gold.
The prices for the available First Spouse Gold Coins have been increased from $804 to $829 for proof coins and from $791 to $816 for uncirculated coins. Each coin contains one-half ounce of 24 karat gold.
Pricing for the upcoming 2010 Proof Gold Eagles will be established based on the most recent average weekly gold price. The coins are scheduled for release tomorrow October 7, 2010. Prices will be $180.50 for the 1/10 ounce coin, $415.50 for the 1/4 ounce coin, $806.00 for the 1/2 ounce coin, $1,585.00 for the 1 ounce coin, and $2,938 for the 4 Coin Set.