The United States Mint today reduced prices on more than a dozen collector gold coins in response to significantly lower gold prices.
These United States Mint 2011 Commemorative Gold Coins were among those to have their prices lowered. They also have a sales deadline of Friday, December 17, at 5 PM ET.The Mint averages gold from the previous Thursday to the current Wednesday to arrive at coin prices each Wednesday.
Since November 23, the range the United States Mint had been using to base its pricing on collector gold coins was gold within $1,750.00 - $1,799.99 an ounce. Precious metals have been tumbling for several days, however, and the range changed to within $1,700.00 - $1,749.99 an ounce. That initiated the following adjustments:
4 First Spouse Uncirculated CoinsAmerican Eagle Uncirculated CoinAmerican Eagle Proof Coin 1/2 oz.American Eagle Proof Coin 1/4 oz.American Eagle Proof Coin 1/10 oz.American Gold Eagle 4-Coin Proof SetU.S. Army $5 Commemorative ProofU.S. Army $5 Commemorative UncirculatedU.S. Medal of Honor $5 Commemorative ProofU.S. Medal of Honor $5 Commemorative UncirculatedNote: The First Spouse Gold Coins listed above honor and feature the portraits of Lucretia Garfield, Lucy Hayes, Julia Grant and Eliza Johnson.
Around noon Eastern Time, the United States Mint began adjusting the price of each coin listed above. They have all since been changed. Buyers should expect the pricing levels to last until at least next Wednesday. (However, on that note, each of the commemoratives listed above will only be available until Friday at 5:00 PM Eastern Time. That is the designated time that the Mint said it would stop selling 2011 commemoratives in order to comply with the two laws that authorized their production only during a single calendar year.)
Check out this site's coins section for more information on the above United States Mint product offerings, or visit the bureau's website at http://www.usmint.gov/.
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