Prices for the United States Mint’s gold and platinum numismatic products have been decreased. The gold products had their prices decreased by the proportional equivalent of $100 per ounce, while the platinum product had its price decreased by $200.
The updated pricing is based on an average weekly gold price within the $1,650 to $1,699.99 range and an average platinum price within the $1,550 to $1,649.99 range. The old prices and newly effective prices for each product are shown below.
| Old Price | New Price | |
| 1 oz Proof Gold Eagle | 2,035.00 | 1,935.00 |
| 1/2 oz Proof Gold Eagle | 1,031.00 | 981.00 |
| 1/4 oz Proof Gold Eagle | 528.00 | 503.00 |
| 1/10 oz Proof Gold Eagle | 225.50 | 215.50 |
| Proof Gold Eagle 4 Coin Set | 3,770.50 | 3,585.50 |
| 1 oz Unc Gold Eagle | 2,028.00 | 1,928.00 |
| 1 oz Proof Gold Buffalo | 2,060.00 | 1,960.00 |
| Proof First Spouse Gold | 1,054.00 | 1,004.00 |
| Unc First Spouse Gold | 1,041.00 | 991.00 |
| Proof Gold Commemorative | 534.30 | 510.00 |
| Unc Gold Commemorative | 524.30 | 500.00 |
| 1 oz Proof Platinum Eagle | 2,092.00 | 1,892.00 |
The 2011 Proof Platinum Eagle went on sale May 25, 2011, initially priced at $2,092. At some point in the following weeks, I believe that the price briefly declined to $1,992. The current price seems to be the lowest so far for the product offering.
The Lucy Hayes First Spouse Gold Coins went on sale August 31, initially priced at $1,054 for proofs and $1,041 for uncirculated coins. Sales were suspended less than 24 hours later and resumed several days later at $1,104 for proofs and $1,091 for uncirculated coins. The newly effective pricing represents the lowest for the product to date.
At the time of writing this post, the market price of gold is around $1,600 per ounce and platinum is around $1,515 per ounce. This opens up the possibility of further price declines for the US Mint’s numismatic gold and platinum products. The Mint determines the weekly average price based on the London Fix prices from Thursday AM to the following Wednesday AM. Pricing changes are made effective around mid-day on Wednesday.
For anyone trying to time their purchases, also keep in mind: In times of rapidly rising precious metals prices, the US Mint will sometimes suspend sales of products and resume sales when the pricing adjustment can be made in the regular cycle. In times of falling precious metals prices, sales continue at the old prices until the time of adjustment.
Other News
US Mint sales of silver numismatic products continue to be suspended pending pricing adjustments. The suspended products include the 2010 and 2011 Silver Proof Sets and America the Beautiful Silver Proof Sets, 2011 proof and uncirculated Silver Eagles, and 2010 and 2011 ATB five ounce silver uncirculated coins. For these products, pricing adjustments are accomplished through publication within the Federal Register, a process which generally takes a few weeks to occur. As soon as any information on the new pricing is available, it will be provided in a new post.
The product release date for the 2011-P Glacier National Park Five Ounce Silver Uncirculated Coins has been posted on the US Mint’s website as October 25, 2011, and 2011-P Olympic National Park Five Ounce Silver Uncirculated Coins has been posted as November 29, 2011. The remaining 2011 dated designs are still listed as “TBD”, but based on the other two dates it seems likely that these will not be offered until the following year.
The United States Mint has just suspended sales of the America the Beautiful Five Ounce Silver Uncirculated Coins and the Proof & Uncirculated American Silver Eagles.
Yesterday’s post mentioned the potential for a price decrease for the US Mint’s numismatic gold products. Although gold was above the $1,800 mark for some of the day, the London PM fix price was $1,793, which allowed a pricing adjustment to take place.
2011-W Uncirculated Silver Eagles