The proof 2011 American Platinum Eagle and other collector gold coins had their prices cut by the U.S. Mint on Wednesday.The United States Mint on Wednesday lowered prices on its collector gold coins and the Proof American Platinum Eagle due to lower prices in the precious metals market.
Gold coin prices were reduced for the same reason as the last two weeks, decreases in the yellow metal led to another drop on the Mint's price grid in accordance with its policy. The market price of bullion fell several times in the seven day period, which moved the London Fix weekly gold average two tiers lower in the price grid.
For reference, the gold average moved into the Mint's $1,650 and $1,699.99 an ounce pricing range, which called for gold coin reductions that ranged from $10 to $185. The new prices follow:
Uncirculated American Gold Eagle (1 oz) Proof American Gold Eagle (1 oz) Proof American Gold Eagle (1/2 oz)Proof American Gold Eagle (1/4 oz)Proof American Gold Eagle (1/10 oz) Proof American Gold Eagle 4-Coin Set Uncirculated First Spouse Gold CoinsIn total, 14 United States Mint gold coin products had their price tags cut. The First Spouse Gold Coins include the proof and uncirculated strikes that honor Lucy Hayes, Julia Grant, and Eliza Johnson, as well as the proof version for Mary Todd Lincoln.
The United States Mint also dropped the price of the Proof American Platinum Eagle by $200 from $2,092 to $1,892, since platinum also caved in the London market.
There has been no change for the silver coins whose sales were suspended by the United States Mint on Monday, September 26. As of this writing, the Silver Eagles, Silver Proof Sets, and America the Beautiful Five Ounce Coins are still temporarily unavailable.
Note: The Mint's bullion products are produced for investors and have a different pricing scheme than what is used for the collector coins listed above. The United States Mint does not offer bullion coins directly to the public but instead sells them for a small premium to its network of Authorized Purchasers who then resell the coins to coin dealers and precious metals providers. Unlike the collector versions, the bullion coins do not feature the special proof and uncirculated finishes and they do not have mintmarks.
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US Mint Collector Gold Coin Prices Raised for Second WeekUS Mint Coin Sales Decline After Robust Week, Lower Gold PricesTagged as: Gold Coins, United States Mint
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