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Wednesday, April 25, 2012

US Mint May Cut Gold Eagles, Other Numismatic Coin Prices

 

2012-W $50 Proof American Gold Eagle Coin

On Wednesday, the U.S. Mint may cut prices on its numismatic gold coins, including the newly released proof Gold Eagles

There is a chance that the United States Mint will reduce numismatic gold coin prices on Wednesday, if the trend of gold prices on the London Fix continues to ride under the $1,650 per ounce marker.

The U.S. Mint uses a London Fix weekly gold average to determine whether to keep gold coin prices the same or adjust them up or down. The average is calculated from the Thursday AM Fix through to the Wednesday AM Fix, and then it is compared against the Mint's pre-set coin price grid.
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