Based on the available data, it is possible that the prices for the United States Mint’s numismatic gold products may be increased tomorrow.
The US Mint determines prices for gold and platinum numismatic products based on the average weekly prices of the metals calculated with the London Fix prices from the prior Thursday AM to the current Wednesday AM. If the calculated average moves into a different tier established at $50 intervals, then a price change may take place. A secondary criteria requires that the Wednesday PM Fix price must agree directionally within any change.
Based on the available data, the average weekly market price of gold will likely fall into the $1,250 to $1,299.99 range. This is one tier higher than the range used to establish current prices. In the most likely scenario, if the Wednesday PM Fix price is $1,250 or higher, then a price increase would take place. If the Wednesday PM Fix price is below $1,250, then no price change would occur.
The products which would be impacted by the potential pricing change include the proof and uncirculated 2013 First Spouse Gold Coins and the individual one-quarter ounce 2013-W Proof Gold Eagle. All other 2013-dated numismatic gold coins have sold out. There have not yet been any 2014-dated numismatic gold products released.
In other news, the opening sales figures for the 2014 Proof Silver Eagle are now available within the latest weekly sales report posted on Coin Update News.
Opening orders for the popular product reached reached 307,378 units. This was more than 50,000 units higher than the opening sales achieved in the prior year. The US Mint’s 10% discount extended to subscription orders may have driven some customers to order earlier or in greater quantities, boosting the initial sales numbers.
Separately, there have been some recent sell outs for 2013 numismatic products. The individual one-half ounce 2013 Proof Gold Eagle has sold out. The product has last reported sales of 4,824 units in addition to the 7,877 coins sold within the four coin proof set. The only 2013 Proof Gold Eagle product still available for sale is the individual one-quarter ounce coin.
All of the 2013 White Mountain National Park Quarter numismatic bags and rolls were removed from sale yesterday. This coincided with the release of the 2014 Great Smoky Mountains Quarter bags and rolls. Product pages for the White Mountain Quarter bags and rolls had stated that the products would remain available for sale for one year from the initial on-sale date or until inventory is depleted prior to the one-year time frame.