The United States Mint has increased the prices for the available 2011 numismatic gold coins. This is the first pricing adjustment of the year for numismatic gold products.
The US Mint uses a flexible pricing policy for numismatic gold and platinum coins, which allows adjustments to be made as often as weekly based on the average market prices of the metals. Before the adoption of the policy, pricing changes needed to be published in the Federal Register, which could result in lengthy sales suspensions.
The average weekly prices for gold and platinum are calculated based on the London Fix prices from the previous Thursday AM to the current Wednesday AM. If the average weekly prices moves into a different tier (established at $50 intervals for gold and $100 intervals for platinum), then product prices are adjusted based on the precious metals content. As an additional criteria, the Wednesday PM London Fix price must agree directionally with any potential change.
Pricing updates were made effective on Wednesday. The basis for the newly effective prices is a weekly average gold price within the $1,600 to $1,649.99 range, one tier higher than the previous range. Prices were adjusted for the remaining 2011 Proof Gold Eagles, 2011-W Uncirculated Gold Eagle, 2011 Proof Gold Buffalo, and 2011 First Spouse Gold Coins.
|Old Price||New Price|
|Gold Eagle 1/2 oz. Proof||931.00||956.00|
|Gold Eagle 1/10 oz. Proof||205.50||210.50|
|Gold Eagle 4 Coin Set||3,400.50||3,493.00|
|Gold Eagle 1 oz. Unc||1,828.00||1,878.00|
|Gold Buffalo Proof||1,860.00||1,910.00|
|First Spouse Gold Proof||954.00||979.00|
|First Spouse Gold Unc||941.00||966.00|