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.

All it would take is a Wednesday AM price above $1,248.19 and a PM price above $1,349.99 to signal the Mint to increase First Spouse Gold Coin prices. If either of tomorrow’s AM or PM prices fail to rise above those numbers, then the Mint will not change their numismatic product prices. At this point, however, the likelihood of failure is slim. Tuesday’s PM price was $1,372.75 an ounce and New York gold futures prices were $1,374.10 an ounce at close.

As of late, when an update was needed, the Mint changed prices around 11 AM Eastern Time on Wednesday. The likely change is expected to be $25 each, based on higher gold prices and the Mint’s pricing grid.

Given the new gold range, prices for the uncirculated coins will likely increase from $816.00 to $841.00, and the proof options will rise from $829.00 to $854.00. Also, the price of the one-ounce 2010 Proof American Buffalo Gold coin that the Mint offers will jump from $1,610 to $1,660.

The following are the prices the Mint will use to arrive at an average:

London Fix Gold
AM PM
2/16/2011 – Wednesday not yet set n/a
2/15/2011 – Tuesday 1,372.25 1,372.75
2/14/2011 – Monday 1,356.75 1,365.00
2/11/2011 – Friday 1,359.00 1,364.00
2/10/2011 – Thursday 1,358.75 1,353.25

 

January 26, 2011 was the last time the Mint had to adjust what they charged for First Spouse Gold Coins — reducing each by each $25.

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