Prices for the United States Mint’s numismatic gold products may be increased tomorrow. This would reverse the price decrease which took place last week.
Prices for the US Mint’s numismatic gold and platinum products are determined based on the average weekly prices of the metals. The average is calculated based on the London Fix prices from the prior Thursday AM to the current Wednesday AM. If the calculated average moves into a higher or lower tier established at $50 intervals, then a pricing change may take place. A secondary criteria requires that the Wednesday PM Fix price must agree directionally with any change.
The available data for the latest weekly period puts the average price of gold within the $1,250 to $1,299.99 range. This is one tier higher than the range used to establish current prices.
Pricing action will likely be dependent on the Wednesday PM fix price. If the price is $1,250 or higher, then a price increase would take place. If the prices is below $1,250, then prices would remain unchanged.
As mentioned, a price increase would reverse the price increase which took place last week. This would bring the prices for the 2014-dated gold products up from the lowest levels of the year.
Impacted products include the 2014-W Proof Gold Eagles, 2014-W Proof Gold Buffalo, and 2014-W Uncirculated Gold Eagle, as well as the 2013-dated First Spouse Gold Coins. Prices would be increased proportionally by $50 per ounce of gold content.
Price changes for numismatic gold products have typically been made effective mid-morning Wednesday.