2012 Star-Spangled Banner Commemorative $5 Gold Coin (US Mint images)

Numismatic Gold Coin Prices Drop, Silver Coins Available Again

2012 Star-Spangled Banner Commemorative $5 Gold Coin (US Mint images)

It has been a busy week for the United States Mint when it comes to its precious metal coins. First, commemorative and numismatic gold coins have been re-priced to lower levels. Second, numismatic silver coins previously suspended have been made available again.

Gold Coin Pricing Adjusted Down

The US Mint bases the price of its commemorative and collector-grade gold coins on a matrix linked to current market activity. This ties the price to the weekly London Spot average with adjustments made on Wednesdays, if needed.

As the gold market has seen some notable declines in the recent days, it was not unexpected to find the Mint adjusting its gold coin pricing down. In fact, the pricing actually was adjusted down two tiers according to the Mint's matrix.

The table below offers comparisons of the old price and new price of the affected gold coin products:


PRODUCT
PREVIOUS
PRICE
CURRENT
PRICE
Star-Spangled Banner $5 Proof Coin
$529.30
$505.00
Star-Spangled Banner $5 Uncirculated Coin
$519.30
$495.00
Star-Spangled Banner Two-Coin Set
$579.30
$555.00
2011 American Buffalo Coin
$2,060.00
$1,960.00
2011 1/10 oz American Eagle Proof Coin
$225.50
$215.50
2011 American Eagle Proof 4-Coin Set
$3,770.50
$3,585.50
First Spouse Uncirculated Coin
$1,041.00
$991.00
First Spouse Proof Coin
$1,054.00
$1,004.00

 

The last adjustment to gold coin pricing occurred on February 29, 2012 when the Mint raised prices based on gold market activity.

Numismatic Silver Coins Return To Availability

On February 23, 2012, the US Mint suspended sales of several of its silver numismatic products as the silver market rose above $35 an ounce. This brought the price of the affected strikes apparently too close to their melt values forcing the Mint to halt all sales.

Those affected coins are now available again as the Mint has returned them to availability, and at their previous price points. The silver market has since fallen from that high bringing their price more in line with Mint costs.

Returning to availability are the following six silver numismatic products:

PRODUCT
PRICE
2011-W Uncirculated American Silver Eagle
$45.95
2011-P Gettysburg ATB Five Ounce Uncirculated Coin
$204.95
2011-P Glacier ATB Five Ounce Uncirculated Coin
$204.95
2011-P Olympic ATB Five Ounce Uncirculated Coin
$204.95
2011-P Vicksburg ATB Five Ounce Uncirculated Coin
$204.95
2011-P Chickasaw ATB Five Ounce Uncirculated Coin
$204.95

 

The five ATB coins above represent all five of the currently available America the Beautiful Five Ounce Uncirculated Coins. Those coins are struck as the numismatic versions of the America the Beautiful Bullion Coins.

 

 

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