The continuing rise in the price of gold has resulted in another price increase for United States Mint’s numismatic gold coins. The latest increase impacted nine different products, including the recently released 2011 Proof Gold Eagles.
Most numismatic gold products offered by the US Mint are covered under a policy which allows pricing adjustments to be performed as often as weekly in response to changing precious metals prices. The average London Fix price from the prior Thursday AM to the current Wednesday AM is calculated. If the average moves into a different tier, established at $50 increments, and the Wednesday PM price confirms, then prices for covered products are adjusted accordingly.
This year, pricing increases have taken place on February 16, March 2, April 13, and April 27, amidst a surging gold price.
The new prices for the 2010 Proof Gold Buffalo, First Spouse Gold Coins, and 2011 Proof Gold Eagles are shown in the table below.
|Old Price||New Price|
|2010 Proof Gold Buffalo||$ 1,760.00||$ 1,810.00|
|2010 Proof Abigail Fillmore||$ 904.00||$ 929.00|
|2010 Unc Mary Todd Lincoln||$ 891.00||$ 916.00|
|2010 Proof Mary Todd Lincoln||$ 904.00||$ 929.00|
|2011 1 oz Proof Gold Eagle||$ 1,735.00||$ 1,785.00|
|2011 1/2 oz Proof Gold Eagle||$ 881.00||$ 906.00|
|2011 1/4 oz Proof Gold Eagle||$ 453.00||$ 465.50|
|2011 1/10 oz Proof Gold Eagle||$ 195.50||$ 200.50|
|2011 Proof Gold Eagle 4 Coin Set||$ 3,215.50||$ 3,308.00|
Higher precious metals prices have also impacted the US Mint’s numismatic silver products this year. Currently, the sales of all 2010 and 2011 Silver Proof Sets have been suspended. The prices for these products had already been increased on one previous occasion, but as silver approached the $50 level, the metal value of the sets nearly reached the respective offering prices.
Silver products are not covered by the US Mint’s flexible pricing policy. For these products, new pricing must be published in the Federal Register to become effective, a process that can take several weeks.