On Wednesday, June 20, the U.S. Mint increased prices on its collector platinum and gold coins.
Adjustments came following United States Mint policy to raise or lower prices on certain collector coins when precious metals move to within fresh price ranges.
In the case of platinum when its weekly average moved to a higher range of between $1,450.00 and $1,549.99 an ounce, it resulted in a $100 price increase on the 2011-W Proof American Platinum Eagle from $1,692 to $1,792.
Likewise, when the weekly gold average climbed to between $1,600 and $1,649.99 an ounce, new prices kicked in for more than a dozen gold products. Because their sizes and resulting gold content vary, the amounts are different. The following grid offers the latest gold coin prices.
|Collector Gold Coin||New Prices||Change|
|2011 Uncirculated First Spouse Gold Coins||$966.00||$25.00|
|2011 Proof First Spouse Gold Coins||$979.00||$25.00|
|2011-2012-W American Buffalo||$1,910.00||$50.00|
|2012 Proof American Eagle (1oz)||$1,885.00||$50.00|
|2012 Proof American Eagle (1/2oz)||$956.00||$25.00|
|2012 Proof American Eagle (1/4 oz)||$490.50||$12.50|
|2012 Proof American Eagle (1/10 oz)||$210.50||$5.00|
|2011-2012 Proof American Gold Eagle 4-Coin Set||$3,493.00||$92.50|
|2012 $5 Proof Star-Spangled Banner Coin||$497.85||$12.15|
|2012 $5 Uncirculated Star-Spangled Banner Coin||$487.85||$12.15|
|2012 Star-Spangled Banner Two-Coin Set||$547.85||$12.15|
Weekly adjusted U.S. Mint pricing policy only affects collector coins with the precious metals. Investment-grade bullion coins sell based on daily metal prices.
The U.S. Mint uses averages for the London fixing of gold and platinum. Ironically, precious metals plunged on Thursday. But the next possible pricing changes can only occur next week on Wednesday, June 27, at the earliest. For that to happen, the weekly average for gold or platinum must move outside the new ranges listed above. The days used to calculate the average are from the previous Thursday AM fixing to the following Wednesday AM fixing.
The collector platinum and gold coins above are available from the U.S. Mint website at http://www.usmint.gov/.