Prices for the United States Mint’s numismatic gold products have been reduced based on the lower weekly average market price of gold. The impacted products include the 2011 Proof Gold Eagles, 2011 Proof Gold Buffalo, proof and uncirculated First Spouse Gold Coins, and the 2011 gold commemorative coins.
The US Mint utilizes a flexible pricing policy for numismatic gold and platinum products. Pricing adjustments may be made as often as weekly based, following the average weekly market prices of the metals. 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 for gold products and $100 intervals for platinum products. If the average price moves into a different tier and the Wednesday PM price agrees directionally, prices are adjusted proportionally based on precious metal content.
With the pricing change made effective today, there have now been nineteen weekly pricing adjustments for the year.
The new prices for numismatic gold products are based on an average gold price within the $1,650 to $1,699.99 range. Although the market price of gold is currently lower, the average was calculated based on the London Fix prices between December 8 AM and December 14 AM.
The previous prices and newly effective prices are shown below. Products may be purchased from the United States Mint at http://catalog.usmint.gov/
|Old Price||New Price|
|Gold Eagle 1 oz. Unc||1,978.00||1,928.00|
|Gold Eagle 1/2 oz. Proof||1,006.00||981.00|
|Gold Eagle 1/4 oz. Proof||515.5||503.00|
|Gold Eagle 1/10 oz. Proof||220.5||215.50|
|Gold Eagle 4 Coin Set||3,678.00||3,585.00|
|Gold Buffalo Proof||2,010.00||1,960.00|
|$5 Gold Proof Commemorative||522.15||510.00|
|$5 Gold Unc Commemorative||512.15||500.00|
|First Spouse Gold Proof||1,029.00||1,004.00|
|First Spouse Gold Unc||1,016.00||991.00|