US Collector and Commemorative Gold Coin Prices Reduced

by Coin Collecting News on March 7, 2012

2012 Star-Spangled Banner $5 Gold Commemorative Coins (Proof and Uncirculated)

The just released 2012 Star-Spangled Banner $5 Commemoratives and other collector gold coins had their prices reduced

More than a dozen United States Mint collector and commemorative gold coin prices were reduced Wednesday, March 7, one week after many of them had been raised.

Falling bullion prices triggered the reductions. Commodities in general have been struggling since last Wednesday, ironically just a few hours after the U.S. Mint had increased coin prices because metals had been on the rise for several days. Since the U.S. Mint adjusts collectible gold coin prices at most once a week, they sometimes can get quickly out of synch with where the market heads.

The following is a list of the new coin prices by product.

Collector and Commemorative Gold Coin Product New Prices Difference
2012 Star-Spangled Banner $5 Proof Commemorative $505.00 -$24.30
2012 Star-Spangled Banner $5 Uncirculated Commemorative $495.00 -$24.30
2012 Star-Spangled Banner Two Coin Proof Set $555.00 -$24.30
4 First Spouse Uncirculated Coins $1,041.00 -$50.00
4 First Spouse Proof Coins $1,054.00 -$50.00
American Buffalo Proof Coin $2,060.00 -$100.00
American Gold Eagles 1/10 oz. $225.50 -$10.00
American Gold Eagles 4-Coin Proof Set $3,770.50 -$185.00

 

The First Spouse Gold Coins listed above honor and feature the portraits of Lucretia Garfield, Lucy Hayes, Julia Grant and Eliza Johnson.

The changes for the related Star-Spangled Banner commemorative products come two days after they were released. Prices for the companion silver dollars were not changed as the United States Mint uses a different method to keep those prices in line with the silver market.

The next possible adjustment in collector and commemorative gold coin prices could occur on Wednesday, March 14. For any changes to occur, the weekly London Fix average for gold — between Thursday and next Wednesday — would need to move out of the of the range of between $1,650.00 and $1,699.99 an ounce.

{ 1 comment… read it below or add one }

Doug March 8, 2012 at 8:37 am

I had first ordered the proof set the first day. After carefully reviewing the design, I decided to cancel. I love coins, but the design of the gold ship side is crap. The other side is interesting. The silver coin is quite nice. I may order that one. I certain this has been voiced before, but, it’s a real turn off to wait for the coins. I mean if the Mint puts it out for sale, then HAVE IT IN STOCK TO SHIP!

Leave a Comment