First Spouse Gold Coin Prices Likely To Rise
The recent London Fix gold prices suggest that a price increase will likely take place tomorrow for the United States Mint's available First Spouse Gold Coins. These coins are the only numismatic gold coin offerings currently available from the Mint.
The US Mint's current pricing policy for numismatic gold and platinum coins allows the adjustment of prices as frequently as once per week in response to changes in the price of the metals. The average price is calculated for a one week period from the prior Thursday AM to the current Wednesday AM. If the average price for the period moves into a different tier (set at $50 increments for gold coins), product prices are adjusted accordingly.
The London Fix Gold Prices for the current period are the following:
|Apr 8 Thurs AM||1,146.50|
|Apr 8 Thurs PM||1,148.00|
|Apr 9 Fri AM||1,156.00|
|Apr 9 Fri PM||1,152.50|
|Apr 12 Mon AM||1,163.50|
|Apr 12 Mon PM||1,158.75|
|Apr 13 Tue AM||1,149.25|
|Apr 13 Tue PM||1,148.25|
|Apr 14 Wed AM||?|
As long as the Wednesday AM London AM Fix gold price comes in at $1127.25 or higher, then the average price of gold for the period will be $1,150. Available First Spouse Gold Coins are currently priced based on an average gold price in the $1,100 to $1,149.99 tier.
The First Spouse Coin prices would increase from $729.00 to $754.00 for proof coins and from $716.00 to $741.00 for uncirculated coins. These will bring prices back to their highest levels ever. Prices were previously at these levels from November 24 to December 16, 2009.
The US Mint has generally made price adjustments around mid-morning Wednesday. The current prices would continue to be available today and early tomorrow morning until the update is made.
Currently available First Spouse Gold Coins include the 2009 releases for Letitia Tyler, Julia Tyler, Sarah Polk, and Margaret Taylor, and the 2010 release for Abigail Fillmore.