Prices for each American Eagle coin in gold and platinum as well as other collector gold coins were reduced Wednesday, June 27, one week after their prices were raised.
With gold and platinum surging Friday, however, chances have improved for coin prices to shift higher once again this coming Wednesday.
During the week of June 20, collector gold and platinum coin prices were increased after the weekly London Fix average for gold moved higher to within $1,600.00 and $1,649.99 an ounce and the average fixing for platinum moved up within $1,450.00 to $1,549.99 an ounce. The latest weekly averages, as of June 27, for gold and platinum fell to below $1,600 and $1,450, respectively, and the United States Mint resultantly cut its coin prices.
The drop also set the debut sales price of the 2012-W American Eagle Gold Uncirculated Coin, which was released Thursday at $1,828.
For those coins that had their prices cut on Wednesday, check out the following grid:
|Collector Gold and Platinum Coin||New Prices||Change|
|2011-W Proof Platinum American Eagle Coin||$1,692.00||$100|
|2011 Uncirculated First Spouse Gold Coins||$941.00||$25.00|
|2011 Proof First Spouse Gold Coins||$954.00||$25.00|
|2011-2012-W American Buffalo||$1,860.00||$50.00|
|2012 (1oz) Proof Gold American Eagle Coin||$1,835.00||$50.00|
|2012 (1/2oz) Proof Gold American Eagle Coin||$931.00||$25.00|
|2012 (1/4 oz) Proof Gold American Eagle Coin||$478.00||$12.50|
|2012 (1/10 oz) Proof Gold American Eagle Coin||$205.50||$5.00|
|2011-2012 Proof Gold American Eagle 4-Coin Set||$3,400.50||$92.50|
|2012 $5 Proof Star-Spangled Banner Coin||$485.70||$12.15|
|2012 $5 Uncirculated Star-Spangled Banner Coin||$475.70||$12.15|
|2012 Star-Spangled Banner Two-Coin Set||$535.70||$12.15|
United States Mint weekly adjusted pricing policy only affects collector coins with the precious metals. The weekly average for gold and platinum is calculated each Wednesday, and used as the main basis for its coin prices. The bureau’s investment-grade bullion coins are sold based on daily precious metal prices.
As for the aforementioned surge in gold and platinum, the metals rallied Friday in New York with gold jumping nearly $54 to above $1,604 an ounce and platinum soaring just over $64 to settle at $1,452 an ounce. If the momentum continues into early next week, expect coin prices to return higher.
The collector gold and platinum coins above are available from the United States Mint website at http://www.usmint.gov/.