Record high gold prices will be translating into higher priced numismatic gold coins, according to the United States Mint coin pricing policy.
Around Wednesday mid-morning, expect the U.S. Mint to have set the opening prices for the 2010 Proof Gold Eagle coins, raised the prices of all its First Spouse Gold Coins, and increased the cost of the 2010 Proof Gold Buffalo.
Why? Because the primary factor for how much the Mint charges for its collector gold coins is based on the trending price of gold itself.
The Mint uses the London Fix weekly gold average (prior Thursday AM to current Wednesday AM) to help set prices. That average has moved up to a new gold coin pricing level, between $1,300 and $1,349.99 an ounce. As such, and unless gold miraculously drops to below $1,170 an ounce tomorrow:
Uncirculated First Spouse Coins will be increased from $791 to $816,Proof First Spouse Gold Coins will move from $804 to $829, and2010 Proof AMerican Buffalo Gold coins will go from $1560 to $1610Additionally, the 2010 Proof American Gold Eagle coins, which go on sale Thursday at noon Eastern Time, will have opening prices of:
The last time the Mint raised prices on its collector gold coins was on September 15, 2010. Then, the weekly gold average had moved within $1,250.00 and $1,299.99 an ounce.
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Proof 2010 American Eagle Gold CoinsUS Mint to Increase Prices of First Spouse Gold CoinsTagged as: American Eagle Gold Coins
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