Numismatic Gold Coin Price Increase

After narrowly missing the mark the past two weeks, a pricing increase for US Mint numismatic gold products seems almost certain to happen today around late morning.

The average price of gold based on the London Fix prices from the prior Thursday AM to the current Wednesday AM was $1,393.28 per ounce. The US Mint's numismatic gold products are currently priced within the lower $1,300 to $1,349.99 range. At the time this post is written, the market price of gold is $1397.00 per ounce, making it highly likely that the Wednesday PM Fix price will also fall within the higher range.

With the average gold price and the Wednesday PM price in the higher range, a pricing increase would take place. This will mark the fourth consecutive increase, after previous price adjustments took place on August 18, September 15, and October 6.

The 2010 Proof Gold Buffalo will see its price increased from $1,610 per coin to $1,660 per coin. Available First Spouse Gold Coins will have prices increased from $829 to $854 for proof coins and from $816 to $841 for uncirculated coins.

The recently released 2010 Proof Gold Eagles will have prices adjusted as follows:

	Old Price	New Price
1 oz (waiting list)	$ 1,585.00	$ 1,635.00
1/2 oz	$ 806.00	$ 831.00
1/4 oz	$ 415.50	$ 428.00
1/10 oz	$ 180.50	$ 185.50
4 Coin Set	$ 2,938.00	$ 3,030.50

The latest sales figures released yesterday, showed sales figures as of November 7 reaching 25,000 of the 1 oz coins, 4,002 of the 1/2 ounce coins, 4,413 of the 1/4 oz coins, 10,411 of the 1/10 oz coins, and 17,424 of the 4 Coin Sets.

The full sales report is available on Coin Update News.