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Numismatic Gold Coin Price Increase Possible

April 16, 2014 in Coins, Collecting, Gold, Gold Coins, Investing, News, Numismatica, Numismatics, Precious Metals, US Mint, USA Coins

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2013 American Eagle One Ounce Gold Proof Coin

2013 American Eagle One Ounce Gold Proof Coin

Based on the available data, it is possible that the prices for the United States Mint’s numismatic gold coins may be increased tomorrow. The pricing change would impact the recently released 2014 Proof Gold Eagle products.

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 AM Fix price must agree directionally with any change.

The available data from April 10 to April 15 place the weekly average well within the $1,300 to $1,349.99 range. This is one tier higher than the range used to establish current product prices.

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