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 latest weekly period has limited data due to the recent holidays, but the average based on the available numbers falls into the $1,200 to $1,249.99 range. This is one tier higher than the range used to establish current prices.
If the weekly average remains within the higher range and the Wednesday PM Fix price is above $1,200, then a price increase would take place.
The impacted products would include the remaining available First Spouse Gold Coins, 50th Anniversary Kennedy Half Dollar Gold Proof Coin, 2015 commemorative gold products, and the 2015 Proof Gold Eagle products. A higher price of $1,590 would also be established for the 2015 Proof Gold Buffalo, due to be released on April 9.
Pricing changes for numismatic gold products have typically been made effective around mid-morning Wednesday.
New Language for Product Statuses
The United States Mint has announced new language for product statuses, which will be posted on the Mint’s website on April 16. The new statuses are in addition to the product being in stock and available with the “Add to Bag” button.
- This Item on Backorder – “Learn” text as follows: This item is available to be ordered now, but it is not currently in stock. Additional inventory is being made. Please add the item to your cart to see when additional inventory is expected to be available.
- Currently Unavailable (with a “REMIND ME” button) – “Learn” text as follows: We are currently out of this item, but more may be available later. Provide your email using the “REMIND ME” button and we will let you know when we are taking orders again.
- Sold Out (no “REMIND ME” button) – “Learn” text as follows: This item is no longer in stock and is no longer available for sale.