First Spouse gold coin prices are likely to rise Wednesday, September 15, because the market price of gold rose above $1,250.00 on Tuesday and last Thursday. In fact, Tuesday’s PM price hit $1,265.50.
The US Mint’s pricing policy bases its gold collector coin prices on the London Fix average weekly price of gold. The London Fix prices between Thursday AM to Wednesday AM are used to calculate the average for the week, and then the Wednesday PM price determines whether a Mint price change is necessary.
The current range in use is $1,200.00 to $1,249.99. (See coin price grid). Since August 18, the average weekly gold price remained in that range. This week, however, looks to be outside that range, thanks to Tuesday’s high PM price.
| Day | AM | PM |
| Tuesday, the 14th | $1,253.25 | $1,265.50 |
| Monday, the 13th | $1,248.75 | $1,246.50 |
| Friday, the 10th | $1,248.75 | $1,246.50 |
| Thursday, the 9th | $1,253.50 | $1,255.00 |
If Wednesday morning’s Fix price is above $1,240 an ounce, then the new weekly average will be higher than the current range. When that happens, Wednesday’s PM price becomes very important. If it is higher than $1,249.99 then the Mint will raise the price of its First Spouse Coins by $25.
First Spouse coin prices are now $779 for the proof and $766 for the uncirculated, the highest prices since the series started. The new prices would be $804 and $791 respectively.
In the past, when the US Mint adjusted the price, they usually did it right before 12 PM ET on Wednesday, but they have done it as late as Thursday morning.
The US Mint’s web address to purchase these coins is http://catalog.usmint.gov/.
First Spouse coins are one-half ounce 24-karat gold coins with the face value of $10.
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