First Spouse Gold Coin Prices to Move Lower

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.

To set gold coin prices, the average London gold price from the previous Thursday morning up to Wednesday morning is calculated and compared to the Mint’s pricing grid.

Irregardless to gold’s price on Wednesday morning, the weekly average will fall below $950 an ounce and kick-in the new coin prices.

According to the Mint’s policy, it should adjust prices on Thursday at 10 a.m. ET. However, the timing is not set in stone. The Mint hijacked the process last week and and actually changed prices nearly a day early (at around 1:00 p.m. on Wednesday.)

As a reminder, the Mint on Thursday will launch Anna Harrison First Spouse Gold Coins — the first set of spouse coins for 2009. At around the same time, sales of at least the Elizabeth Monroe First Spouse Gold Coins — the first released in 2008 — could potentially end.

[Editor's update. The US Mint decreased prices before 1:00 p.m. ET on Wednesday]

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