20 January 2009 - 13:18First Spouse Gold Pricing Change

At the beginning of this year, the US Mint published a new pricing policy for all gold and platinum numismatic products. This new policy impacts the pricing for existing and future First Spouse Gold Coins.

The prior pricing policy required the United States Mint to publish any pricing changes in the Federal Register. This process sometimes took up to one month and had resulted in lengthy sales suspensions for some products.

Under the new pricing policy, the US Mint can adjust prices as frequently as once per week, based on the weekly average London AM Fix Gold Price. Prices will be adjusted based on a set pricing chart. Each time the price of gold moves outside of a $50 increment, the price of products will be adjusted up or down by the same $50 increment for each ounce of gold content. In the case of the First Spouse Gold Coins, the prices are adjusted by $25.

The prices for First Spouse Gold Coins were adjusted upwards under the new policy on January 12, 2009. The prices were subsequently adjusted downwards on January 16, 2009. The prices for all First Spouse Gold coins remain higher than they were before the new pricing policy went into effect.

The pricing tiers for the new policy are indicated below: