January 28, 2016 By The value of gold has been climbing pretty steadily over the last couple of weeks, ending today at $1,114.00 an ounce, according to the London Bullion Market Association. Prior to Tuesday, January 26, the commodity had not hit the $1,114.00 mark since November 4. With gold hovering over $1,100 since Monday, the Mint has raised its prices on gold coins in keeping with its pricing structure for precious metals. Prices for the U.S. Mint’s gold coins are adjusted in accordance with the metal’s fluctuating market value. The Mint’s former prices for gold coins were held in effect as long as gold stayed between $1,050.00 and $1,099.99 per ounce. The current prices will hold as long as the value of an ounce of gold dips no lower than $1,100 and jumps no higher than $1,149.99. The chart below includes prices for categories of gold collector coins on offer at the U.S. Mint. The first column lists each coin, while the second and third columns respectively display the former and current cost of the items. Several of these coins, such as the 2015 Gold Buffalo and the 2015 American Eagle 1 oz. Gold Uncirculated Coin, are listed as Currently Unavailable on the Mint’s Web page at the time of this writing. American Eagle Gold Proof Former Price Current Price 1 oz. $1,410.00 $1,460.00 1/2 oz. $720.00 $745.00 1/4 oz. $372.50 $385.00 1/10 oz. $160.00 $165.00 American Eagle Gold Uncirculated $1,375.00 $1,425.00 First Spouse Gold Proof $740.00 $765.00 First Spouse Gold Uncirculated $720.00 $745.00 American Buffalo Gold Proof $1,440.00 $1,490.00 American Liberty High Relief Gold $1,490.00 $1,540.00 Mark Twain Gold Proof $364.00 $376.15* Mark Twain Gold Uncirculated $359.00 $371.15*
Gold prices are up about 4 percent this month. Apparently safe haven from the turbulence in stock markets.
I have a feeling that stocks will go back up . But the Mint should worry about making better designed coins , not nickle and diming us collectors .
Now I feel good about buying a Mark Twain gold coin without waiting for the silver coins to go on sale.
The Mint's pricing took all the fun out of it for me. I just quit buying from them. They don't care and it gave me a reason to end all the sets I started. I'm happy.
