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US Mint Gold, Platinum price weekly update - Gold & Platinum prices remain the same this week

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  • kiyotekiyote Posts: 5,588 ✭✭✭✭✭
    Thanks for these posts-- they're good for a quick at-a-glance peek at what's happening.
    "I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
  • 7over87over8 Posts: 4,733 ✭✭✭
    nooker -

    anymore repricing data since 7/25?

    thanks for the posts.....
  • NookerNooker Posts: 634
    sorry, I've been on vacation for 2 weeks, so I missed out on the updates . . .

    I'll post what "should" have been . . .

    here ya go . . .
  • NookerNooker Posts: 634
    starting 8/1/12, Gold prices increase $50, Platinum remains the same from last week

    7 days ending 8/1/12

    Gold avg: $1615 (up $32 from last week); ; Criteria #2 (change); AGE (proof) $1885
    Platinum avg: $1410 (up $9 from last week); Criteria #1 (no change); APE (proof) $1692
  • NookerNooker Posts: 634
    starting 8/8/12, Gold and Platinum remains the same from last week

    7 days ending 8/8/12

    Gold avg: $1607 (down $8 from last week); ; Criteria #1 (no change); AGE (proof) $1885
    Platinum avg: $1398 (down $12 from last week); Criteria #1 (no change); APE (proof) $1692
  • NookerNooker Posts: 634
    starting 8/15/12, Gold and Platinum remains the same from last week

    7 days ending 8/15/12

    Gold avg: $1611 (up $4 from last week); ; Criteria #1 (no change); AGE (proof) $1885
    Platinum avg: $1402 (up $4 from last week); Criteria #1 (no change); APE (proof) $1692
  • NookerNooker Posts: 634
    sorry, I'm a day late again . . . .

    starting 8/22/12, Gold remains the same, Platinum price goes up $100

    7 days ending 8/22/12:

    Gold avg: $1623 (up $12); Criteria #1 (no change); AGE (proof) $1885
    Platinum avg: $1468 (up $66); Criteria #2 (change); APE (proof) $1792

  • NookerNooker Posts: 634
    starting 8/29/12, US Mint Gold price increases, Platinum remains the same

    7 days ending 8/29/12:

    Gold avg: $1665 (up $42); Criteria #2 (change); AGE (proof) $1935
    Platinum avg: $1529 (up $61); Criteria #1 (no change); APE (proof) $1792
  • OPAOPA Posts: 17,144 ✭✭✭✭✭
    Great Info...but it would garner more interest if you'd post it in the PM Forum.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • NookerNooker Posts: 634
    starting 9/5/12, Gold and Platinum remains the same from last week

    7 days ending 9/5/12

    Gold avg: $1677.5 (up $12 from last week); ; Criteria #1 (no change); AGE (proof) $1935
    Platinum avg: $1540 (up $11 from last week); Criteria #1 (no change); APE (proof) $1792
  • NookerNooker Posts: 634
    starting 9/12/12, Gold up $50, and Platinum up $100 from last week

    7 days ending 9/12/12

    Gold avg: $1727 (up $49 from last week); ; Criteria #2 (change); AGE (proof) $1985
    Platinum avg: $1603 (up $63 from last week); Criteria #2 (change); APE (proof) $1892
  • NookerNooker Posts: 634
    starting 9/19/12, Gold up $50, and Platinum remains the same from last week

    7 days ending 9/19/12

    Gold avg: $1763 (up $36 from last week); ; Criteria #2 (change); AGE (proof) $2035
    Platinum avg: $1671 (up $68 from last week); Criteria #3 (no change); APE (proof) $1992
  • NookerNooker Posts: 634
    my mistake, Platinum did not increase, even though the average ($1670) is in the next range ($1650 - $1749), today's close ($1633) was still in the lower range, so it's Criteria 3 (no change)

  • NookerNooker Posts: 634
    starting 9/26/12, Gold remains the same, Platinum remains the same

    7 days ending 9/26/12:

    Gold avg: $1764 (up $1); Criteria #1 (no change); AGE (proof) $2035
    Platinum avg: $1625 (down $46); Criteria #1 (no change); APE (proof) $1892
  • NookerNooker Posts: 634
    starting 10/3/12, Gold remains the same, Platinum increases $100

    7 days ending 10/3/12:

    Gold avg: $1775 (up $11); Criteria #1 (no change); AGE (proof) $2035
    Platinum avg: $1672 (up $47); Criteria #2 (change); APE (proof) $1992
  • NookerNooker Posts: 634
    starting 10/10/12, Gold remains the same, Platinum remains the same

    7 days ending 10/10/12:

    Gold avg: $1777 (up $1.55); Criteria #1 (no change); AGE (proof) $2035
    Platinum avg: $1692 (up $19.60); Criteria #1 (no change); APE (proof) $1992
  • NookerNooker Posts: 634
    starting 10/17/12, Gold remains the same, Platinum remains the same

    7 days ending 10/17/12:

    Gold avg: $1753 (down $23.45); Criteria #4 (no change); AGE (proof) $2035
    Criteria 4 : even though Wednesday's close is in the lower range, the weekly avg IS within the current range, so the price doesn't change

    Platinum avg: $1659 (down $32.60); Criteria #1 (no change); APE (proof) $1992
  • NookerNooker Posts: 634
    starting 10/24/12, Gold down $50, and Platinum down $100 from last week

    7 days ending 10/24/12

    Gold avg: $1725 (down $29 from last week); ; Criteria #2 (change); AGE (proof) $1985
    Platinum avg: $1608 (down $51 from last week); Criteria #2 (change); APE (proof) $1892
  • NookerNooker Posts: 634
    starting 10/31/12, Gold remains the same, Platinum remains the same

    7 days ending 10/31/12:

    Gold avg: $1713.50 (down $11.35); Criteria #1 (no change); AGE (proof) $1985
    Platinum avg: $1557 (down $50.80); Criteria #1 (no change); APE (proof) $1895
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    Could it be caused by the storm shutting down market on the east coast?
    image
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • NookerNooker Posts: 634
    starting 11/7/12, Gold remains the same, Platinum remains the same

    7 days ending 11/7/12:

    Gold avg: $1698.20 (down $15.30); Criteria #4 (no change); AGE (proof) $1985
    - even though the average is in the lower range (for a $1935 price), the Wed close price today was in the same price range as last week ($1715), so there is no change.

    Platinum avg: $1554 (down $3.40); Criteria #1 (no change); APE (proof) $1895
  • NookerNooker Posts: 634
    starting 11/14/12, Gold remains the same, Platinum remains the same

    7 days ending 11/14/12:

    Gold avg: $1728.50 (up $30.30); Criteria #1 (no change); AGE (proof) $1985

    Platinum avg: $1567.6 (up $13.60); Criteria #1 (no change); APE (proof) $1895
  • NookerNooker Posts: 634
    Happy Thanksgiving!

    starting 11/21/12, Gold remains the same, Platinum remains the same

    7 days ending 11/21/12:

    Gold avg: $1722.05 (down $6.45); Criteria #1 (no change); AGE (proof) $1985

    Platinum avg: $1570.6 (up $3.00); Criteria #1 (no change); APE (proof) $1895
  • NookerNooker Posts: 634
    starting 11/28/12, Gold remains the same, Platinum remains the same

    7 days ending 11/28/12:

    Gold avg: $1734.05 (up $12); Criteria #1 (no change); AGE (proof) $1985

    Platinum avg: $1597.40 (up $26.80); Criteria #1 (no change); APE (proof) $1892
  • NookerNooker Posts: 634
    starting 12/5/12, Gold remains the same, Platinum remains the same

    7 days ending 12/5/12:

    Gold avg: $1712.60 (down $21.50); Criteria #1 (no change); AGE (proof) $1985

    Platinum avg: $1601.00 (up $3.60); Criteria #1 (no change); APE (proof) $1892
  • NookerNooker Posts: 634
    a couple days late this week (I was sick) . . . no changes, so no big deal . . .

    starting 12/12/12, Gold remains the same, Platinum remains the same

    7 days ending 12/12/12:

    Gold avg: $1706.90 (down $5.65); Criteria #1 (no change); AGE (proof) $1985

    Platinum avg: $1614.80 (up $13.80); Criteria #1 (no change); APE (proof) $1892
  • NookerNooker Posts: 634
    starting 12/19/12, Gold prices decrease, Platinum remains the same

    7 days ending 12/19/12:

    Gold avg: $1688.75 (down $18.15); Criteria #2 (change); AGE (proof) $1935

    Platinum avg: $1606.80 (down $8); Criteria #1 (no change); APE (proof) $1892



    Merry Christmas everybody !
  • CakesCakes Posts: 3,687 ✭✭✭✭✭


    << <i>starting 12/19/12, Gold prices decrease, Platinum remains the same

    7 days ending 12/19/12:

    Gold avg: $1688.75 (down $18.15); Criteria #2 (change); AGE (proof) $1935

    Platinum avg: $1606.80 (down $8); Criteria #1 (no change); APE (proof) $1892



    Merry Christmas everybody ! >>




    Nook merry Christmas and thanks for the work you put into this thread.
    Successful coin BST transactions with Gerard and segoja.

    Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
  • NookerNooker Posts: 634
    Hope you all had a wonderful Christmas!

    starting 12/26/12, Gold and Platinum prices remain the same

    7 days ending 12/26/12 (only 2 sessions this week due to the holidays)

    Gold avg: $1653 (down $35.75); Criteria #1 (no change); AGE (proof) $1935

    Platinum avg: $1554 (down $50.80); Criteria #1 (no change); APE (proof) $1892
  • OPAOPA Posts: 17,144 ✭✭✭✭✭
    Thanks for taking the time out to do this. Talk to ya next year.image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • NookerNooker Posts: 634
    starting 1/2/13, Gold and Platinum prices remain the same

    7 days ending 1/2/13 (only 3 sessions this past week due to the holidays)

    Gold avg: $1668.90 (up $15.90); Criteria #1 (no change); AGE (proof) $1935

    Platinum avg: $1543 (down $13); Criteria #3 *** (no change); APE (proof) $1892

    *** note that even though the Platinum average was in the next lowest range, which SHOULD have resulted in a decrease of Platinum price, the closing price today (1/2/13) was $1566, which is STILL within the range it was last week, therefore, there is no change
  • NookerNooker Posts: 634
    starting 1/9/13, Gold and Platinum prices remain the same

    7 days ending 1/9/13

    Gold avg: $1657.30 (down $11.60); Criteria #1 (no change); AGE (proof) $1935

    Platinum avg: $1568 (up $25.00); Criteria #1 (no change); APE (proof) $1892

  • NookerNooker Posts: 634
    starting 1/16/13, Gold and Platinum prices remain the same

    7 days ending 1/16/13

    Gold avg: $1672.20 (up $14.65); Criteria #1 (no change); AGE (proof) $1935

    Platinum avg: $1647.20 (up $82.40); Criteria #4 (no change); APE (proof) $1892

    (edited to reflect that London precious metal AM close prices are now used for the average)
  • bigolebigole Posts: 385 ✭✭✭
    Just curious- the Platinum price on the Mint's web site this morning is still $1892. It hasn't gone up?
  • NookerNooker Posts: 634
    yes, I saw that too this morning, and I've gone back and looked at the last week's London PM close prices:

    Thu 1/10 - $1621
    Fri 1/11 - $1626
    Mon 1/14 - $1658
    Tues 1/15 - $1690
    Wed 1/16 - $1678

    my math says that's a $1654.60 average, and a Wed close of $1678 together says it's a Criteria 2, which says it should increase, which puts it in the $1992 Mint Price range.

    Mint Pricing Guide

    HOWEVER, if I use the London AM close numbers,
    $1613
    $1626
    $1640
    $1697
    $1660

    the average is $1647.20, which would NOT cause a price increase.

    All along i've assumed that they use the PM close numbers for their weekly average, since they use the PM number for the Wed close price, but maybe they use the AM numbers for the weekly average. Their pricing guide does not mention which they use. I've called the Mint, and Customer Service doesn't know.

    I would have to go back and do a lot of data analysis to see if there was ever another situation like this where the AM average is in a different range than the PM average.

    Mark
  • NookerNooker Posts: 634
    starting 1/23/13, Platinum goes up $100, Gold prices remain the same

    7 days ending 1/23/13

    Gold avg: $1689.20 (up $17); Criteria #1 (no change); AGE (proof) $1935

    Platinum avg: $1686.20 (up $39); Criteria #2 (change); APE (proof) $1992

  • NookerNooker Posts: 634
    starting 1/30/13, Platinum and Gold prices remain the same

    7 days ending 1/30/13

    Gold avg: $1666.20 (down $23); Criteria #1 (no change); AGE (proof) $1935

    Platinum avg: $1684.40 (down $2); Criteria #1 (no change); APE (proof) $1992
  • NookerNooker Posts: 634
    starting 2/6/13, Platinum and Gold prices remain the same

    7 days ending 2/6/13

    Gold avg: $1670.35 (up $4.20); Criteria #1 (no change); AGE (proof) $1935

    Platinum avg: $1695.40 (up $11); Criteria #1 (no change); APE (proof) $1992
  • NookerNooker Posts: 634
    starting 2/13/13, Platinum and Gold prices remain the same

    7 days ending 2/13/13

    Gold avg: $1659.75 (down $10.60); Criteria #1 (no change); AGE (proof) $1935

    Platinum avg: $1714.00 (up $18.6); Criteria #1 (no change); APE (proof) $1992
  • NookerNooker Posts: 634
    sorry, I was on vacation, so I missed a week . . .
    --------------------------------------------------------------------------------------------------------
    starting 2/20/13, Change in Gold price, Platinum price remain the same

    7 days ending 2/20/13

    Gold avg: $1620 (down $39.80); Criteria #2 (change); AGE (proof) $1885

    Platinum avg: $1695.80 (down $18.2); Criteria #1 (no change); APE (proof) $1992
    --------------------------------------------------------------------------------------------------------
    starting 2/27/13, Gold price remain the same, Platinum price decreases

    7 days ending 2/27/13

    Gold avg: $1589.35 (down $30.65); Criteria #3 (no change); AGE (proof) $1885
    ********** note that although the average is in the next lowest range, the Wed PM close was $1604, which is in the current range, so there is no change in the price (not that it matters though, the Gold proofs are not currently for sale)

    Platinum avg: $1611.40 (down $84.40); Criteria #2 (change); APE (proof) $1892
  • franklin200franklin200 Posts: 110 ✭
    The US Mint changed the pricing grid this week to raise all prices. The platinum proof is now selling for $2000
  • jmski52jmski52 Posts: 23,287 ✭✭✭✭✭
    It looks like they increased prices marginally on the Gold Spouses as well. Did they change their whole pricing grid?
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • NookerNooker Posts: 634
    wow, I had not seen that they had a 2013 pricing grid.

    Looks like prices have increased 5.7%, over and above what the precious metal increase is doing.

  • jmski52jmski52 Posts: 23,287 ✭✭✭✭✭
    Looks like prices have increased 5.7%, over and above what the precious metal increase is doing.

    The story about maintaining Mint prices consistant with the market for precious metals doesn't seem to hold water, considering that prices have been declining since late September.

    Looks like the Mint is getting more aggressive toward it's own customers.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • hornetsnesthornetsnest Posts: 65
    IMHO the Mint needs to make up for fewer proof plat/gold/silver sales by increasing premiums and gouging collectors. Higher premiums in the face of declining PM values equals dissatisified customers. At lease in my case.
  • NookerNooker Posts: 634
    Here is an update based on the new pricing grid

    New 2013 Pricing Grid

    starting 2/27/13, Change in Gold & Platinum price

    7 days ending 2/27/13

    Gold avg: $1589.35 (down $30.65); AGE (proof) $1960

    Platinum avg: $1611.40 (down $18.2); APE (proof) $2000
  • MsMorrisineMsMorrisine Posts: 36,104 ✭✭✭✭✭
    first spouse proof up 36, unc 29
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • GBurger717GBurger717 Posts: 575
    I posted a thread about the price increase last week and for some reason only got about 5 responces. Now all of sudden its breaking news... I mean old news! PAY UP SUCKERS!!!
  • ShinyThingsInPMShinyThingsInPM Posts: 456 ✭✭
    And somebody said there is no inflation. Just a healthy 5.7% price increase for PM-based products image
  • NookerNooker Posts: 634
    starting 3/6/13, Change in Gold price, change in Platinum price

    7 days ending 3/6/13

    Gold avg: $1579.45 (down $9.90); Criteria #2 (change); AGE (proof) $1910

    Platinum avg: $1582.40 (down $29); Criteria #2 (change); APE (proof) $1950

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