Mint News Blog

News, Information, and Commentary on US Mint Products

Tuesday, June 2, 2009

US Mint Gold Coin Price Increase


With the price of gold steadily above the $950 level over the course of the past week, collectors can expect another price increase for US Mint gold coins tomorrow.

Under the US Mint's pricing policy for gold and platinum numismatic products, prices can be adjusted once per week if the average London Fix price of gold moves across certain thresholds. The average price is taken from the preceding Thursday to Wednesday. If the average price moves into a different $50 increment, prices are adjusted accordingly.

The average London Fix price for gold from last Thrusday through today is about $972. Unless gold makes a significant move tomorow, prices for gold coins will increase by $50 for each ounce of gold content.

Products impacted by the price increase will be the First Spouse Gold Coins and the Ultra High Relief Double Eagle Gold Coin. The First Spouse coins would have their prices increased from $616 (uncirculated) and $629 (proof) to $641 and $654. The UHR would see its price increase from $1,289 to $1,339.

These increases will bring the prices back to the highest level since the new policy went into effect. Prices were previously at these same levels for one week during mid-February.

If you are considering purchasing any gold coins from the US Mint, don't delay. The US Mint has generally put new pricing into effect on Wednesday around mid-day.

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1 Comments:

At June 4, 2009 at 6:24 AM , Anonymous Scot in KY said...

Well, the prices did go up yesterday.

Does anyone have any theories about how long the UHR will be available? Throughout all of 2009 or do you think they may stop in order to make Buffalo and Eagles?

Surely the price increase will cause an even bigger drop off in UHR sales right?

 

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