First Spouse Gold Coin prices are headed lower this week, according to the US Mint policy to adjust pricing for gold coins using the London Fix weekly average.
The "magic" threshold for current Mint pricing is based on a London gold average of between $900-$950 an ounce, which kicked in and was used for the last round of Mint gold coin price reductions. Since Thursday, gold steadily began its track below $900 an ounce — triggering likely cuts Wednesday.
Using the Mint First Spouse Gold Coins Price Grid and assuming gold doesn’t shoot ballistically high Wednesday AM, prices will fall by $25. Proof coins now at $629 will come down to $604. Uncirculated coins will adjust from $616 to $591. [click to continue…]
First Spouse Gold Coin prices will move lower only a week after they were raised, based on the US Mint pricing policy.
Gold has retreated substantially during the last several days. The weekly average for London gold has dropped below $950 an ounce, which automatically triggers a $25 price reduction per First Spouse Coin.
Proof coins now at $654 will come down to $629, and uncirculated coins will adjust from $641 to $616. [click to continue…]
In accordance with the United States Mint’s relatively new pricing policy, all Mint gold collector coin prices will increase Thursday, Feb. 26.
First Spouse Gold Coins prices will jump $25, with proof versions rising from the current $629 to $654 and uncirculated coins changing from $616 to $641.
Since Jan. 12, the US Mint primarily bases gold and platinum collector coin prices on the London Fix average between the previous Thursday a.m. Fix through to the Wednesday a.m. Fix. (The London gold-fixing is a benchmark for gold traded directly between big institutions.)
Here were those daily prices: [click to continue…]