Unless gold prices in London retreat by more than $100 on Wednesday morning, the U.S. Mint will increase the price of First Spouse Gold Coins by $25 and the proof American Buffalo Gold Coin by $50.
The prices for these coins were actually decreased by those same amounts on January 27, 2010, when the weekly gold average had fallen below $1,100 an ounce -- one of the barriers the United States Mint uses to adjust the selling prices of its numismatic gold coins.
Beginning on Tuesday of last week, the London gold fix has consistently ended above the $1,100 mark. Unless the Wednesday AM fix hits below $1,002.75, or $104.26 lower than Tuesday's PM price, the weekly average for gold will again be above the $1,100 threshold, and the following price changes will occur before noon ET:
- 2009 American Buffalo Gold Coin will move from $1,360 to $1,410
- Uncirculated First Spouse Coins will go from $691 to $716
- Proof First Spouse Coins will increase from $704 to $729
To purchase these coins before the expected price increases, visit http://catalog.usmint.gov/.
The time frame used by the Mint to evaluate gold prices is the London gold fixes between Thursday and Wednesday AM.
For more information on the above gold pieces, also see the US Coins page.
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