US Mint Gold Coin Price Decrease
Following the recent decline in the spot price of gold, the prices for United States Mint numismatic gold products will be decreased today. This price decrease follows four consecutive price increases that brought prices of coins to their current levels.
Under the pricing policy adopted this year, the US Mint calculates the average weekly price of gold based on London Fix prices from the prior Thursday AM to the current Wednesday AM. If the average calculated price moves across thresholds at established $50 increments, then a price increase or decrease takes place. The price changes have generally become effective by mid-day on Wednesday.
The table below presents the London Fix prices for the applicable period. The average calculated price is $1,125.89.
|London Fix Gold Prices|
The Ultra High Relief Gold Coin price will decrease from $1,539 to $1,489. The prices for First Spouse Gold Coins will decrease from $754 (proof) and $741 (uncirculated) to $729 and $716.
The 2009 Proof Platinum Eagle would have had a $100 price decrease, if it had not already sold out late last week. Sales of the coin had reached the maximum authorized mintage of 8,000 by Friday. The US Mint continued to accept orders for placement on a waiting list until Monday of this week.
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Labels: US Mint