First Spouse Gold Coin Prices Set to Rise Thursday, Feb. 26

by admin on February 25, 2009

in Coin Prices,US Mint

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:

 
London Fix Gold
AM
PM
2/25/2009
956.25
-
2/24/2009
989.75
984.25
2/23/2009
987.00
985.75
2/20/2009
981.00
989.00
2/19/2009
973.50
980.50

 

As the table indicates, gold is now above $950 an ounce. Coins last went up when the gold average fell between $900.00 and $949.99.

Based on previous price adjustments, the US Mint is likely to suspend gold coin sales later Wednesday, adjust the prices, and then resume them Thursday morning (10 a.m. ET).

Anyone thinking of purchasing the gold coins may be interested in the CoinNews article, First Spouse Gold Coins, is it Time to Buy?

The First Spouse Coin Price Guide will be updated when new prices officially adjust.

[Editor's update: In unusual fashion and throwing aside the exact guidelines set in its pricing policy, the United States Mint raised prices nearly a day early (around 1:00 p.m. ET on Wednesday).]

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