With the cost of gold on the slide recently, it is expected that the US Mint will be reducing its’ prices on the First Spouse Gold Coins. This is bad news for those investing in gold, but great news for coin collectors.
You may recall, the Mint has tied the pricing of the Spouse coins to the recent average of gold on the London Fix. The London Fix is a benchmark used by large institutions when trading the precious metal.
As the fix has been holding under $950 for all but one spot during the last week, it is almost inevitable that the Mint’s threshold for lowering the prices on the spouse coins will be met. We will not know for certain until the final spot has been calculated for the week on Wednesday morning, but gold would have to make a huge leap for the average to remain above $950.
For those interested, here is the Pricing Grid for the First Spouse coins.
The expected charge for the coins is a drop by $25, making the proof version available for $629 and the uncirculated should sell for $616.
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