17 November 2008 - 13:43US Mint Lowers First Spouse Gold Coin Prices
In an unexpected move, the United States Mint has lowered prices for the majority of the available First Spouse Gold Coins. The price reduction comes after a decline of more than 20% for gold from its peak price above $1,000 per ounce reached earlier this year. Since each First Spouse Coin contains one-half ounce of gold, the price of the precious metal has a big impact of the value of the coins.
Before the price change, the most recent three releases for Andrew Jackson’s Liberty, Louisa Adams, and Elizabeth Monroe were priced at $619.95 for each proof coin and $599.95 for each uncirculated coin. The new prices are $549.95 for proof coins and $529.95 for uncirculated coins. This represents a reduction of $70 and $75 dollars for proof and uncirculated coins, respectively.
The final release of 2007 for Dolley Madison was priced lower at $529.95 for proof coins and $509.95 for uncirculated coins. Because this price was already below the reduced price level, prices were not adjusted for the Dolley Madison coins.
The price changes were not announced or explained. The US Mint simply marked the coins as “not available” on Wednesday of last week, and then brought the coins back the next day at Noon at the lower prices.
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