US Mint Raises Prices on 2011 Gold Coins

by Coin Collecting News on January 12, 2012

2011 Proof American Gold Eagle

Prices are higher for numismatic 2011 gold coins from the United States Mint. On Wednesday, January 11, the Mint raised prices on its series of collector coins as gold has been on a steady climb in recent days.

The United States Mint had reduced prices on gold coins by two levels back on December 21 when the precious metal tumbled to within $1,550.00 and $1,599.99 an ounce, one of the ranges used in setting coin prices. But gold moved firmly back above $1,600 an ounce, which kicked off the following increases in coin prices.

Collector 2011 Gold Coins New Prices Difference
4 First Spouse Uncirculated Coins $96.00 +$25.00
4 First Spouse Proof Coins $979.00 +$25.00
American Buffalo Coin $1,910.00 +$50.00
American Eagle Uncirculated Coin $1,878.00 +$50.00
American Eagle Proof Coin 1/2 oz. $956.00 +$25.00
American Eagle Proof Coin 1/10 oz. $210.50 +$5.00
American Gold Eagle 4-Coin Proof Set $3,493.00 +$92.50

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

All of the above coins are 2011-dated and minted for coin collectors. The United States Mint is yet to release any 2012-dated gold coins for collectors, although it has launched the bullion 2012 American Eagles intended for investors.

The Mint averages gold from the previous Thursday to the current Wednesday to arrive at coin prices. The next potential adjustments could occur on Wednesday, January 18. The gold average would have to fall outside the new range of $1,600 to $1,649.99 an ounce.

Check out this site’s coins section for more information on the above United States Mint product offerings, or visit the bureau’s website at http://www.usmint.gov/.

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