Numismatic Gold Coin Prices to Increase

It's that time again already. The rising price of gold will result in price increases for the United States Mint's numismatic gold products. Unfortunately, this will also push the prices of the upcoming 2010 Proof Gold Eagles up one increment.

The US Mint is able to adjust gold and platinum numismatic product prices as frequently as weekly in response to changes in the price of the metals. Adjustments are determined based on the weekly average London Fix prices from the prior Thursday AM to the current Wednesday AM, as well a directional component based on the Wednesday PM price. Product price changes take place when the average price of gold passes established $50 increments and the Wednesday PM price agrees directionally.

For the current week, the price range falls into the $1,300 to $1,349.99 range, and it seems all but certain that the directional component will confirm. Price updates have generally taken place around mid to late morning on Wednesday.

The price of the 2010 Proof Gold Buffalo would be adjusted from $1,560 to $1,610 per coin. The prices of available First Spouse Gold Coins would be adjusted from $804 to $829 for proofs and from $791 to $816 for uncirculated coins.

The 2010 Proof Gold Eagles, scheduled for release on October 7, 2010 at 12:00 Noon ET, would carry the following prices:

1/10 oz	$ 180.50
1/4 oz	$ 415.50
1/2 oz	$ 806.00
1 oz	$ 1,585.00
4 Coin Set	$ 2,938.00