In response to higher precious metals prices, the United States Mint has increased prices for gold and platinum numismatic products effective today. The Mint adopted a pricing policy in early 2009 that allows pricing to be adjusted as frequently as weekly for covered products.
Under the policy, the average market price of gold and platinum are determined based on the London Fix prices from the prior Thursday AM to the current Wednesday AM. If this average moves into a different pricing tier, established at $50 increments for gold and $100 increments for platinum, product prices are adjusted proportionally based on their precious metals content. As an additional criteria, the Wednesday PM London Fix price must agree directionally with any change.
The prices changes effective today are shown below. The gold numismatic products are priced based on an average market price of gold in the $1,700 to $1749.99 range. The platinum product is priced based on an average platinum price in the $1,550 to $1,649.99 range.
|Old Price||New Price|
|Gold Eagle 1 oz. Unc||1,928.00||1,978.00|
|Gold Eagle 1/2 oz. Proof||981.00||1,006.00|
|Gold Eagle 1/4 oz. Proof||503.00||515.50|
|Gold Eagle 1/10 oz. Proof||215.50||220.50|
|Gold Eagle 4 Coin Set||3,585.50||3,678.00|
|Gold Buffalo Proof||1,960.00||2,010.00|
|$5 Gold Proof Commemorative||510.00||522.15|
|$5 Gold Unc Commemorative||500.00||512.15|
|First Spouse Gold Proof||1,004.00||1,029.00|
|First Spouse Gold Unc||991.00||1,016.00|
|Platinum Eagle 1 oz. Proof||1,792.00||1,892.00|
This year has been a particularly turbulent one for numismatic product prices. Gold and platinum products have not had their prices adjusted higher or lower a total of sixteen times throughout the year. Gold commemorative coins, which were not initially covered by a flexible pricing policy, had their sales suspended and later resumed under a grid structure. The Proof and Uncirculated American Silver Eagles had their prices both increased and decreased during the year, following suspensions. Annual sets which include silver coins have had their sales suspended and resumed multiple times.