Today, August 26, 2014 at 12:00 Noon ET, the United States Mint will begin accepting orders for the Presidential $1 Coin & First Spouse Medal Set featuring Calvin and Grace Coolidge. The release comes just one week after the prior release for the product type.
Each set includes one uncirculated 2014 Calvin Coolidge Presidential Dollar and one Grace Coolidge First Spouse Bronze Medal. The coin and medal are mounted on a durable plastic card which includes portraits of the President and First Lady. The back of the card contains issuance information.
Pricing for the sets is $9.95 each. There are no stated product limits or household ordering limits in place.
This will represent the first availability of the Grace Coolidge Bronze Medal. As mentioned in a previous post, these medals are no longer offered for sale individually, but are only available within the Presidential $1 Coin & Medal Sets, as well as a four or five medal set released near the end of the year.
Numismatic Gold Product Price Decrease Possible
Based on the available data, it is possible that there may be a price decrease tomorrow for the United States Mint’s numismatic gold products. The Mint utilizes a flexible pricing system which allows prices to be updated as frequently as weekly based on the average market price of the precious metal.
The average of the London gold fix prices from the prior Thursday to the current Wednesday is likely to fall into the $1,250 to $1,299.99 range. This would be one tier lower than the range used to establish current prices for gold products.
In order for the price decrease to take place, tomorrow’s London PM fix price must also fall into the lower range. As such, if the Wednesday PM gold fix price is below $1,300, then a price decrease would take place. If the price is $1,300 or higher, then prices would remain unchanged.
If the pricing action takes place, the price of the 2014 50th Anniversary Kennedy Half Dollar Gold Proof Coin would be decreased from $1,277.50 to $1,240, taking it back to the original issue price.
Other impacted products would include the proof and uncirculated American Gold Eagles, American Gold Buffalo, and First Spouse Gold Coins, which would see their prices decreased proportionally by $50 for each ounce of gold content.