From the category archives:

Coin Prices

First Spouse Coin Sales Figures logoAlthough individual performances were mixed, First Spouse Gold Coin sales as a group rose for a second straight week. Also rising were First Spouse Gold Coin prices. The United States Mint increased the half ounce 24-karat coins’ prices to a new all time high.

The increase was necessary according to the Mint’s pricing policy, which is based on the London Fix average weekly price of gold and the direction the trend is headed. The precious metal’s average hit $1,462.58 between the AM price on Thursday, April 7 and Wednesday, April 13. Since the Wednesday PM price was also above $1,450.00, the Mint changed the First Spouse coin prices from $879 and $866 to $904 and $891 for the proof and uncirculated versions. [click to continue…]

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First Spouse Coin Sales Figures logoThe United States Mint raised their prices for the one-half ounce First Spouse Gold Coins yesterday in response to the higher recent market price of the precious metal. At $879 per proof and $866 for each uncirculated, the new prices are the highest they have ever been in the full span of the series.

The increase was necessary according to the US Mint’s pricing policy. When the average London Fix gold price moves beyond certain $50 price points as illustrated in the First Spouse Gold Coin pricing grid, and the Wednesday PM price that is used as a market trend indicator agrees with the direction the average has moved, then the Mint changes the gold coins’ prices by $25. [click to continue…]

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First Spouse Coin Sales Figures logoIt has been one week since the US Mint stopped selling Buchanan’s Liberty First Spouse Proof Coins, but instead of seeing big numbers in the most recent United States Mint data to explain why they "sold out," their total dropped back -3. It went from 7,317 down to 7,314.

In the meantime, Buchanan’s uncirculated Liberty coins surged by 113. Perhaps the proof’s unavailability spurred the sales. The new total for the uncirculated moved up to 4,574. Altogether, 11,888 of the published 15,000 maximum mintage for the Liberty design have been purchased. [click to continue…]

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First Spouse Coin Prices Subject to Change

by admin on February 15, 2011

in Coin Prices

Increasing ChartSince the US Mint bases their numismatic gold products on the market price of gold, First Spouse Coin prices are subject to change as early as tomorrow morning.

The Mint has been using a weekly average of London Fix prices taken from the previous Thursday AM Fix through to the following Wednesday AM Fix. Recently that gold average has risen above $1,350 an ounce. With that, an upward price adjustment could be in the works. [click to continue…]

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First Spouse Coin Sales Figures logoThe latest First Spouse Coin news starts with two major developments, prices dropped today for United States Mint gold coins, and Buchanan’s Liberty First Spouse coin sales lead the pack.

Each First Spouse coin has lowered in price by $25. Proof versions went from $854.00 to $829.00, and the uncirculated ones changed from $841.00 to $816.00. The new price updates took affect late this morning, on Wednesday, January 26, 2011. The US Mint’s pricing policy requires price readjusting of collector gold coins based on the weekly average of the London Fix gold prices. [click to continue…]

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First Spouse Coin Sales Figures logoTwo new 2010 coins debuted and demand skyrocketed, per the latest United States Mint sales data. Collectors went after 5,505 Mary Todd Lincoln First Spouse Gold Coins since the coins launched on Thursday, December 2.

Inaugural figures for Mary Todd Lincoln First Spouse Gold Coins faired well against prior 2010 coin launches. Buchanan’s Liberty coins started a little better, but Lincoln’s coins exceeded both Pierce and Fillmore’s. The following table shows this year’s debuting coin sales.
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First Spouse Gold Coin Prices May Rise

by admin on December 7, 2010

in Coin Prices

Prices for 24 karat First Spouse Gold Coins could increase on Wednesday, since gold’s market price climbed above $1,400.00 an ounce several times in the last few days.

The United States Mint’s pricing policy bases its collector gold coin prices on the average weekly London Fix price of the yellow metal and the direction it is trending.

Below is a chart of the past few days of the London Fix’s Gold AM and PM prices. Note the jump in today’s prices.

Day AM FIX PM FIX
Thursday, the 2nd $1,390.00 $1,389.00
Friday, the 3rd $1,391.75 $1,403.50
Monday, the 6th $1,411.50 $1,415.25
Tuesday, the 7th $1,426.00 $1,420.00
Wednesday, the 8th ? ?

 

The average illustrated in the chart is $1,405.87 without Wednesday’s prices. Those will prove critical in the Mint’s calculations. The AM price is a factor in determining the average. They will compare the average to the Mint’s First Spouse Gold Coin pricing grid. Next, they use the Wednesday PM price as a directional indicator, which is most important for this round.

Given how high daily prices have been since Friday PM, the weekly average should easily be above $1,400.00 an ounce. If Wednesday’s PM fixing is set at or below $1,399.99 an ounce, then prices will remain unchanged. Any higher and they will go up. Although the latest available PM price on Tuesday had gold at $1420, it worth noting prices could tumble in after-hour trading. A big drop overnight, although unexpected, could maintain current US Mint prices.

The one-half ounce Proof First Spouse Gold Coins are now priced at $854 and the Uncirculated First Spouse Gold Coins are $841. If a price change is warranted, the new levels will be $879 and $866 respectively, making the coins the most expensive they have ever been since their introduction in 2007.

Price adjustments are typically made before 12 PM Eastern Time on Wednesdays, although that time has varied to as late as Thursday morning.

In addition to First Spouse Gold Coins, there are five more available US Mint offerings that would be affected. These are listed in the table below.

Item Increase Current Price New Price
American Buffalo 24-karat Gold Proof $50 $1,660.00 $1,710.00
1 oz American Eagle Gold Proof (Sold Out) $50 $1,635.00 N/A
1/2 oz American Eagle Gold Proof $25 $831.00 $856.00
1/4 oz American Eagle Gold Proof $12.50 $428.00 $440.50
1/10 oz American Eagle Gold Proof $5.00 $185.50 $190.50
American Eagle Gold Proof 4 coin Set $92.50 $3,030.50 $3,123.00

N/A means Not Applicable. The 1 oz 2010 Gold Eagle Proof sold out.

For those who are interested in purchasing these coins, the US Mint’s web address is http://catalog.usmint.gov/ and toll free at 1-800-USA-MINT (872-6468). .

The last time the Mint changed their prices was Wednesday, November 10, 2010.

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First Spouse Coin Sales Figures logoThe United States Mint increased prices for First Spouse Gold Coins yesterday, making them more expensive than they have ever been since the series began in 2007.

First Spouse proof coins are now $854 and uncirculated are $841. The reason for the price change was the precious metal’s rising market price. For details, see the article from Tuesday. [click to continue…]

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Tomorrow, all 24 karat First Spouse Gold Coin prices will most likely move up, based on the United States Mint’s pricing policy.

Gold has ascended substantially during the last several days. The weekly average for London gold has climbed above the $1,300.00 to $1,349.99 per ounce range, and if prices remain high Wednesday, the U.S. Mint will automatically trigger a price increase for all its First Spouse Gold Coins. [click to continue…]

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First Spouse Coin Sales Figures logoAn upset appeared in the US Mint’s weekly First Spouse Gold Coin statistics. Another coin’s sales outperformed Buchanan’s Liberty coins for the first time since their launch on September 2, 2010. The Margaret Taylor gold uncirculated catapulted by 208 while Buchanan’s proof followed with 100 and his uncirculated with 69.

Taylor’s surge might be due to the fact that her coins will likely be leaving the Mint’s line up as early as December 2, 2010, when Mary Lincoln’s First Spouse coins launch. The problem with that theory is that Taylor’s proof version had the fewest sales, just 18. [click to continue…]

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