Based on the available data, it is possible that prices for the United States Mint’s numismatic gold products may be decreased tomorrow. This would put the 2014-dated gold products at their lowest price levels thus far.
The US Mint determines prices for numismatic gold and platinum products 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 from May 29 through June 3 places the weekly average price of gold within the $1,200.00 to $1,249.99 range. This is one tier lower than the range used to establish current prices.
Pricing action will likely be dependent on the Wednesday PM Fix price. If the price is below $1,250, then a product price decrease would take place. If the price is $1,250 or higher, then product prices would remain unchanged.
As noted, the available 2014-dated gold numismatic products would see their prices reduced to the lowest levels available to date. The 2014-W Proof Gold Eagles, 2014-W Proof Gold Buffalo, and 2014-W Uncirculated Gold Eagle had each started sales with prices based on a weekly average gold price within the $1,250 to $1,299.99 range. Since release, the products have seen higher price points, but not lower.
Other impacted products would include the proof and uncirculated 2013-dated First Spouse Gold Coins, which continue to remain available.
If the pricing action takes place, current prices would be reduced proportionally by $50 per ounce of gold content. Price changes for numismatic gold products have typically been made effective around mid-morning Wednesday.