US Mint Gold Numismatic Product Price Increase
The price of gold has spent much of the prior week above the $1,000 level. This makes a price increase for the US Mint's current gold numismatic products almost certain to take place.
Under the US Mint's pricing policy for gold and platinum numismatic products, prices can be adjusted as often as weekly in response to changes in the average price of gold. Every time the average price of gold moves across $50 increments, prices are raised proportionally. The last price increase occurred two weeks ago when the average price of gold moved into the $950 to $999.99 range. This week prices would be adjusted to the $1,000 to $1,049.99 range.
The London AM and PM Fix Gold prices for the weekly period considered by the US Mint are included below. Based on witnessing when price changes occurred in the past, it seems that the US Mint uses the average of the AM Fix prices from the prior Thursday to the current Wednesday. PM Fix prices are included, but only from Thursday to Tuesday.
|London AM and PM Fix Gold Prices|
|AM Fix||PM Fix|
|Thurs Sept 17||1020.50||1018.50|
|Fri Sept 18||1014.00||1012.00|
|Mon Sept 21||999.25||997.00|
|Tues Sept 22||1015.75||1014.00|
|Wed Sept 23||TBD||N/A|
The only gold numismatic products current offered by the US Mint are the First Spouse Gold Coins and the 2009 Ultra High Relief Double Eagle. The First Spouse Coins will see their prices raised from $654 and $641 for proof and uncirculated coins to $679 and
The impending price change creates an interesting confluence of events for the 2009 Ultra High Relief Double Eagle Gold Coin. This Monday, the US Mint completely removed ordering limits from the coin and this Wednesday, it is almost certain that the price of the coin will be raised by $50. Bulk buyers who believe that the price of gold won't be falling back below the $1,000 level will have a small remaining window of time before prices are raised.
If you are considering buying any of the US Mint's gold products, try to place your orders today or early tomorrow morning before the price change take effect.
Labels: US Mint