For a second consecutive week, the Untied States Mint increased prices for numismatic gold products. This continues the volatile year for precious metals prices, which have resulted in seventeen pricing adjustments for US Mint gold products throughout the year.
The Mint utilizes a pricing policy which allows adjustments to be made as frequently as weekly based on the average market price of gold. The average is calculated based on the London Fix prices from the prior Thursday AM to the current Wednesday AM and pricing tiers are established at $50 intervals. If the average price moves into a different tier and the Wednesday PM price agrees directionally, then prices are adjusted proportionally based on gold content.
There have been occasions during this year when even a weekly pricing change could not respond fast enough to changing precious metals prices. On several occasions, the US Mint suspended numismatic gold product sales when the market price of gold began to rise too quickly.
The new prices, which began effective earlier today are based on an average gold price in the $1,750 to $1,799.99 range.
|Old Price||New Price|
|Gold Eagle 1 oz. Unc||1,978.00||2,028.00|
|Gold Eagle 1/2 oz. Proof||1,006.00||1,031.00|
|Gold Eagle 1/4 oz. Proof||515.5||528.00|
|Gold Eagle 1/10 oz. Proof||220.5||225.50|
|Gold Eagle 4 Coin Set||3,678.00||3,770.50|
|Gold Buffalo Proof||2,010.00||2,060.00|
|$5 Gold Proof Commemorative||522.15||534.30|
|$5 Gold Unc Commemorative||512.15||524.30|
|First Spouse Gold Proof||1,029.00||1,054.00|
|First Spouse Gold Unc||1,016.00||1,041.00|