Today, the United States Mint adjusted prices of its currently available gold numismatic prices lower, following the recent decline in the price of gold.
Before today’s adjustment, the US Mint had carried out four consecutive price increases for gold products, which took place between October 7 and November 24, as the spot price of gold spiraled higher. Today’s price decrease breaks the streak and brings prices one increment below their highest price levels.
The US Mint adjusts the prices of their gold and platinum numismatic products as often as weekly in response to changes in the average price of gold during established one week periods. The policy was put into place earlier this year in an effort to more responsive to sometimes volatile precious metals market. In the past, price adjustments could take several weeks due to a requirement to publish changes in the Federal Register.
The gold numismatic products affected by the pricing adjustment include the 2009 Ultra High Relief Gold Coin, 2009 Proof Gold Buffalo, and 2009 First Spouse Gold Coins in uncirculated and proof finishes.
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||$ 1,539||$ 1,489|
|Proof Gold Buffalo||$ 1,460||$ 1,410|
|First Spouse Proof Coins||$ 754||$ 729|
|First Spouse Uncirculated Coins||$ 741||$ 716|
Sales of the US Mint’s gold numismatic products had experienced a sharp decline in the most recent weekly reporting period. With prices adjusted to reflect the lower price of gold, sales may see a rebound in the coming week.