US Mint Gold Coin Prices Likely to Decrease
Based on the recent London Fix prices for gold, it is likely that prices for the United States Mint's numismatic gold products will decrease tomorrow. This decrease will put prices back to levels last seen in early November 2009.
Under the US Mint's pricing policy for numismatic gold and platinum coins, the prices for products can be adjusted as frequently as once per week in response to changing prices of the metals. The average price is calculated based on London Fix prices from Thursday AM of the prior week to Wednesday AM of the current week. If the average price comes in above or below set increments, prices for coins are adjusted proportionally.
The London Fix Gold Prices for the current period are shown below:
|Jan 21 Thurs AM||1,104.00|
|Jan 21 Thurs PM||1,108.25|
|Jan 22 Fri AM||1,096.50|
|Jan 22 Fri PM||1,084.00|
|Jan 25 Mon AM||1,103.50|
|Jan 25 Mon PM||1,095.25|
|Jan 26 Tues AM||1,090.75|
|Jan 26 Tues PM||1,093.25|
|Jan 27 Wed AM||?|
As long as tomorrow's London AM Fix gold price comes in below $1,124.50, then the calculated average will be under $1,100 prompting a price decrease.
The price of the 2009 Gold Buffalo Proof Coin would decline from $1,410 to $1,360. This is the price that was in effect when the coins were first offered on October 29, 2009. The price had been as high as $1,460 during the period from November 25 to December 15.
The price of the available First Spouse Gold Coins would decline from $729 to $704 for proof coins and from $716 to $691 for uncirculated coins. Prices had been as high as $754 and $741 for proof and uncirculated coins, respectively.
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Labels: US Mint