sorry for the lack of weekly updates everybody, I've been on vacation with no access to the internet. Try it sometimes, it's really weird!
I see the mint has a new pricing sheet, but they have neglected to show the Criteria at the beginning as they have in the past. link to US Mint pricing sheet
appears the gold JFK saw a 37.50 price increase today. Strange that it was the only gold to see an increase. Oops, spoke to soon, other gold products went up on Thursday 8/14
starting 10/08/14, Gold price remains the same, Platinum prices down $50/oz
7 days ending 10/08/14
Gold avg: $1208.55 (down $5.25); Criteria #1 (no change); AGE (proof) $1560 (but sold out); AGE (Unc) $1525
Platinum avg: $1256.80 (down $43.60); Criteria #2 (change); APE (proof) $1650 (2014 coin available 10/20/14)
NOTE: Platinum has dropped more than $84 in the last 2 weeks; more than $112 in the last 3 weeks, and more than $144 in the last 4 weeks, more than $214 in 6 weeks (that's a 17% drop). Time to buy, or will the carnage continue??
OK, so I have a bit of catching up (I had very limited access over the holidays . . . hope you all had a great holiday as well)
Bottom line, Gold & Platinum prices are the same today as they were when I posted 3 weeks ago . . .
week 12/17/14 to 12/24/14, Gold & Platinum prices went down from the previous week Gold avg: $1192.00 (down $18.40 from the previous week); Criteria #2 (change); AGE (proof) $1510 (but sold out); Kennedy Proof $1165 Platinum avg: $1195.60 (down $27.20); Criteria #2 (change); APE (proof) $1550 (out of Stock)
week 12/24/14 to 12/31/14, Platinum price went up from the previous week, Gold price remained the same Gold avg: $1193.25 (up $1.25 from the previous week); Criteria #1 (no change); AGE (proof) $1510 (but sold out); Kennedy Proof $1165 Platinum avg: $1211.00 (up $15.40); Criteria #2 (change); APE (proof) $1600 (out of Stock)
week 12/31/14 to 01/07/15, Gold price will go up from the previous week, Platinum price remains the same Gold avg: $1200.25 (up $7.00 from the previous week); Criteria #2 (change); AGE (proof) $1560 (but sold out); Kennedy Proof $1202.50 Platinum avg: $1213.25 (up $2.25); Criteria #1 (no change); APE (proof) $1600 (out of Stock)
starting 04/29/15, Mint price for Gold remains the same, & Platinum down $50/oz this week
7 days ending 04/29/15
Gold avg: $1193.77 (down $8.73 from the previous week); Criteria #1 (no change); AGE (proof) $1510 (however this may not be the case. . . it may go up. The Wed PM close =$1209, so I believe this still results in a "no change", but it's one of these strange situations, and the Mint doesn't publish their "Criteria" any more)
**** Note - the 1 ounce 2015 Uncirculated gold coin will go on sale tomorrow Thursday, 4/30/15
Platinum avg: $1134.80 (down $22.60); Criteria #2 (change); APE (proof) $1500 (2014 coin out of Stock; 2015 coin release date TBD)
last week I learned something that makes a big difference in the way the Mint prices their precious metal coins.
They stopped using the AM (10:30 London time) price for the average, and now use the PM (15:00 London time) close price.
Why this is different is because when they used the AM London price to compute the average, it allowed them (if needed) to change the price fairly early in the day here, due to the time change between London and USA.
By using the London close (15:00) that is 10:00 Eastern here, so prices won't change until after that time.
This typically doesn't matter, unless what happens is what we had last week:
AM average = $1200.61 PM average = $1193.07
so the Gold price DID go down last week:
Gold avg: $1193.07; Criteria #2 (change); AGE (proof) $1510
Comments
7 days ending 7/16/14
Gold avg: $1322.10 (up $2.50); Criteria #1 (no change); AGE (proof) $1660
Platinum avg: $1498.60 (down $0.60); Criteria #1 (no change); APE (proof) $1850
7 days ending 7/23/14
Gold avg: $1308.05 (down $14.0); Criteria #1 (no change); AGE (proof) $1660
Platinum avg: $1488.40 (down $10.20); Criteria #1 (no change); APE (proof) $1850
2009- Current.
I see the mint has a new pricing sheet, but they have neglected to show the Criteria at the beginning as they have in the past.
link to US Mint pricing sheet
---------------
starting 7/30/14, Platinum & Gold prices unchanged
7 days ending 7/30/14
Gold avg: $1300.50 (down $7.55); Criteria #1 (no change); AGE (proof) $1660
Platinum avg: $1479.80 (down $8.60); Criteria #1 (no change); APE (proof) $1850
----------
starting 8/6/14, Platinum price unchanged; Gold down $50/oz
7 days ending 8/6/14
Gold avg: $1290.85 (down $9.65); Criteria #2 (change); AGE (proof) $1610
Platinum avg: $1464.40 (down $15.40); Criteria #1 (no change); APE (proof) $1850
------------------
starting 8/13/14, Platinum price unchanged; Gold down $50/oz
7 days ending 8/13/14
Gold avg: $1309.60 (up $18.75); Criteria #2 (change); AGE (proof) $1660
Platinum avg: $1471.60 (up $7.20); Criteria #1 (no change); APE (proof) $1850
Oops, spoke to soon, other gold products went up on Thursday 8/14
Give Me Liberty or Give Me Debt
7 days ending 8/20/14
Gold avg: $1305.22 (down $4.38); Criteria #1 (no change); AGE (proof) $1660
Platinum avg: $1453.00 (down $18.60); Criteria #1 (no change); APE (proof) $1850
7 days ending 8/27/14
Gold avg: $1283.25 (down $21.97); Criteria #2 (change); AGE (proof) $1610
Platinum avg: $1422.50 (down $30.50); Criteria #2 (change); APE (proof) $1800
7 days ending 9/3/14
Gold avg: $1281.45 (down $1.80); Criteria #1 (no change); AGE (proof) $1610
Platinum avg: $1419.40 (down $3.10); Criteria #1 (no change); APE (proof) $1800
7 days ending 9/10/14
Gold avg: $1262.50 (down $18.95); Criteria #1 (no change); AGE (proof) $1610
Platinum avg: $1401.40 (down $18.00); Criteria #1 (no change); APE (proof) $1800
7 days ending 9/17/14
Gold avg: $1238.85 (down $23.65); Criteria #2 (change); AGE (proof) $1560 (but sold out); AGE (Unc) $1525
Platinum avg: $1369.40 (down $32.00); Criteria #2 (change); APE (proof) $1750 (2014 coin available 10/20/14)
7 days ending 9/24/14
Gold avg: $1221.70 (down $17.15); Criteria #1 (no change); AGE (proof) $1560 (but sold out); AGE (Unc) $1525
Platinum avg: $1341.20 (down $28.20); Criteria #2 (change); APE (proof) $1700 (2014 coin available 10/20/14)
7 days ending 10/01/14
Gold avg: $1213.80 (down $7.90); Criteria #1 (no change); AGE (proof) $1560 (but sold out); AGE (Unc) $1525
Platinum avg: $1300.40 (down $40.80); Criteria #1 (no change); APE (proof) $1700 (2014 coin available 10/20/14)
7 days ending 10/08/14
Gold avg: $1208.55 (down $5.25); Criteria #1 (no change); AGE (proof) $1560 (but sold out); AGE (Unc) $1525
Platinum avg: $1256.80 (down $43.60); Criteria #2 (change); APE (proof) $1650 (2014 coin available 10/20/14)
NOTE: Platinum has dropped more than $84 in the last 2 weeks; more than $112 in the last 3 weeks, and more than $144 in the last 4 weeks, more than $214 in 6 weeks (that's a 17% drop). Time to buy, or will the carnage continue??
I knew it would happen.
7 days ending 10/15/14
Gold avg: $1226.85 (up $10.30); Criteria #1 (no change); AGE (proof) $1560 (but sold out); AGE (Unc) $1525
Platinum avg: $1267.20 (up $10.40); Criteria #1 (no change); APE (proof) $1650 (2014 coin available 10/20/14)
7 days ending 10/22/14
Gold avg: $1243.70 (up $16.85); Criteria #1 (no change); AGE (proof) $1560 (but sold out); AGE (Unc) $1525
Platinum avg: $1265.20 (down $2.00); Criteria #1 (no change); APE (proof) $1650 (2014 coin went on sale 10/20/14)
7 days ending 10/29/14
Gold avg: $1231.80 (down $11.90); Criteria #1 (no change); AGE (proof) $1560 (but sold out); AGE (Unc) $1525
Platinum avg: $1259.60 (down $5.60); Criteria #1 (no change); APE (proof) $1650 (2014 coin went on sale 10/20/14)
*** Lowest Prices in 4-1/2 years ***
7 days ending 11/05/14
Gold avg: $1172.85 (down $58.95); Criteria #2 (change); AGE (proof) $1510 (but sold out); AGE (Unc) $1475
Platinum avg: $1220.40 (down $30.20); Criteria #2 (change); APE (proof) $1600
7 days ending 11/12/14
Gold avg: $1155.20 (down $17.65); Criteria #1 (no change); AGE (proof) $1510 (but sold out); AGE (Unc) $1475
Platinum avg: $1202.80 (down $26.60); Criteria #1 (no change); APE (proof) $1600
7 days ending 11/19/14
Gold avg: $1180.95 (up $25.75); Criteria #1 (no change); AGE (proof) $1510 (but sold out); AGE (Unc) $1475
Platinum avg: $1202.40 (down $00.40); Criteria #1 (no change); APE (proof) $1600
7 days ending 11/26/14
Gold avg: $1196.20 (up $15.25); Criteria #1 (no change); AGE (proof) $1510 (but sold out); AGE (Unc) $1475
Platinum avg: $1214.40 (up $12.00); Criteria #1 (no change); APE (proof) $1600
7 days ending 12/03/14
Gold avg: $1192.00 (down $4.20); Criteria #1 (no change); AGE (proof) $1510 (but sold out); AGE (Unc) $1475
Platinum avg: $1215.20 (up $0.80); Criteria #1 (no change); APE (proof) $1600
7 days ending 12/10/14
Gold avg: $1207.70 (up $15.70); Criteria #2 (change); AGE (proof) $1560 (but sold out); AGE (Unc) $1525
Platinum avg: $1237.20 (up $22.00); Criteria #1 (no change); APE (proof) $1600
7 days ending 12/17/14
Gold avg: $1210.40 (up $2.70); Criteria #1 (no change); AGE (proof) $1560 (but sold out); AGE (Unc) $1525
Platinum avg: $1222.80 (down $14.40); Criteria #1 (no change); APE (proof) $1600
Bottom line, Gold & Platinum prices are the same today as they were when I posted 3 weeks ago . . .
week 12/17/14 to 12/24/14, Gold & Platinum prices went down from the previous week
Gold avg: $1192.00 (down $18.40 from the previous week); Criteria #2 (change); AGE (proof) $1510 (but sold out); Kennedy Proof $1165
Platinum avg: $1195.60 (down $27.20); Criteria #2 (change); APE (proof) $1550 (out of Stock)
week 12/24/14 to 12/31/14, Platinum price went up from the previous week, Gold price remained the same
Gold avg: $1193.25 (up $1.25 from the previous week); Criteria #1 (no change); AGE (proof) $1510 (but sold out); Kennedy Proof $1165
Platinum avg: $1211.00 (up $15.40); Criteria #2 (change); APE (proof) $1600 (out of Stock)
week 12/31/14 to 01/07/15, Gold price will go up from the previous week, Platinum price remains the same
Gold avg: $1200.25 (up $7.00 from the previous week); Criteria #2 (change); AGE (proof) $1560 (but sold out); Kennedy Proof $1202.50
Platinum avg: $1213.25 (up $2.25); Criteria #1 (no change); APE (proof) $1600 (out of Stock)
7 days ending 01/14/15
Gold avg: $1221.50 (up $21.25 from the previous week); Criteria #1 (no change); AGE (proof) $1560 (but sold out); Kennedy Proof $1202.50
Platinum avg: $1229.40 (up $16.15); Criteria #1 (no change); APE (proof) $1600 (out of Stock)
7 days ending 01/21/15
Gold avg: $1271.85 (up $50.35 from the previous week); Criteria #2 (change); AGE (proof) $1610 (but sold out); Kennedy Proof $1240.00
Platinum avg: $1261.60 (up $32.20); Criteria #2 (change); APE (proof) $1650 (out of Stock)
7 days ending 01/28/15
Gold avg: $1285.85 (up $14.00 from the previous week); Criteria #1 (no change); AGE (proof) $1610 (but sold out); Kennedy Proof $1240.00
Platinum avg: $1265.00 (up $3.40); Criteria #1 (no change); APE (proof) $1650 (out of Stock)
7 days ending 02/04/15
Gold avg: $1272.70 (down $13.15 from the previous week); Criteria #1 (no change); AGE (proof) $1610 (but sold out); Kennedy Proof $1240.00
Platinum avg: $1234.40 (down $30.60); Criteria #2 (change); APE (proof) $1600 (2014 coin out of Stock; 2015 coin release date TBD)
7 days ending 02/11/15
Gold avg: $1248.60 (down $24.10 from the previous week); Criteria #2 (change); AGE (proof) $1560 (but sold out); Kennedy Proof $1240.00
Platinum avg: $1228.60 (down $5.80); Criteria #1 (no change); APE (proof) $1600 (2014 coin out of Stock; 2015 coin release date TBD)
7 days ending 02/18/15
Gold avg: $1222.55 (down $26.05 from the previous week); Criteria #1 (no change); AGE (proof) $1560 (but sold out); Kennedy Proof $1240.00
Platinum avg: $1196.60 (down $32.00); Criteria #2 (change); APE (proof) $1550 (2014 coin out of Stock; 2015 coin release date TBD)
7 days ending 02/25/15
Gold avg: $1203.35 (down $19.20 from the previous week); Criteria #1 (no change); AGE (proof) $1560 (2015 release 3/12/15); Kennedy Proof $1240.00
Platinum avg: $1164.80 (down $31.80); Criteria #1 (no change); APE (proof) $1550 (2014 coin out of Stock; 2015 coin release date TBD)
7 days ending 03/04/15
Gold avg: $1210.75 (up $7.40 from the previous week); Criteria #1 (no change); AGE (proof) $1560 (2015 release 3/12/15); Kennedy Proof $1240.00
Platinum avg: $1182.00 (up $17.20); Criteria #1 (no change); APE (proof) $1550 (2014 coin out of Stock; 2015 coin release date TBD)
7 days ending 03/11/15
Gold avg: $1177.95 (down $32.80 from the previous week); Criteria #2 (change); AGE (proof) $1510 (2015 release 3/12/15); Kennedy Gold Proof $1202.50
Platinum avg: $1155.20 (down $26.80); Criteria #3 (change); APE (proof) $1500 (2014 coin out of Stock; 2015 coin release date TBD)
7 days ending 03/18/15
Gold avg: $1155.7 (down $22.25 from the previous week); Criteria #1 (no change); AGE (proof) $1510
Platinum avg: $1112.00 (down $43.20); Criteria #1 (no change); APE (proof) $1500 (2014 coin out of Stock; 2015 coin release date TBD)
7 days ending 03/25/15
Gold avg: $1180.59 (up $24.89 from the previous week); Criteria #1 (no change); AGE (proof) $1510
Platinum avg: $1132.00 (up$20.00); Criteria #1 (no change); APE (proof) $1500 (2014 coin out of Stock; 2015 coin release date TBD)
7 days ending 04/01/15
Gold avg: $1191.06 (up $10.47 from the previous week); Criteria #1 (no change); AGE (proof) $1510
Platinum avg: $1136.80 (up $4.80); Criteria #1 (no change); APE (proof) $1500 (2014 coin out of Stock; 2015 coin release date TBD)
7 days ending 04/08/15
Gold avg: $1207.03 (up $15.97 from the previous week); Criteria #2 (change); AGE (proof) $1560
Platinum avg: $1164.67 (up $27.87); Criteria #2 (change); APE (proof) $1550 (2014 coin out of Stock; 2015 coin release date TBD)
7 days ending 04/15/15
Gold avg: $1195.41 (down $11.62 from the previous week); Criteria #2 (change); AGE (proof) $1510
Platinum avg: $1155.60 (down $9.07); Criteria #1 (no change); APE (proof) $1550 (2014 coin out of Stock; 2015 coin release date TBD)
7 days ending 04/22/15
Gold avg: $1202.50 (up$7.09 from the previous week); Criteria #2 (change); AGE (proof) $1560
**** Note - the 1 ounce 2015 Uncirculated gold coin will go on sale next Thursday, 4/30/15
Platinum avg: $1157.40 (up$1.80); Criteria #1 (no change); APE (proof) $1550 (2014 coin out of Stock; 2015 coin release date TBD)
7 days ending 04/29/15
Gold avg: $1193.77 (down $8.73 from the previous week); Criteria #1 (no change); AGE (proof) $1510
(however this may not be the case. . . it may go up. The Wed PM close =$1209, so I believe this still results in a "no change", but it's one of these strange situations, and the Mint doesn't publish their "Criteria" any more)
**** Note - the 1 ounce 2015 Uncirculated gold coin will go on sale tomorrow Thursday, 4/30/15
Platinum avg: $1134.80 (down $22.60); Criteria #2 (change); APE (proof) $1500 (2014 coin out of Stock; 2015 coin release date TBD)
7 days ending 05/06/15
Gold avg: $1190.49 (down $3.28 from the previous week); Criteria #1 (no change); AGE (proof) $1510
Platinum avg: $1144.75 (up $9.95); Criteria #1 (no change); APE (proof) $1500 (2014 coin out of Stock; 2015 coin release date TBD)
starting 05/13/15, Mint price for Gold & Platinum remains the same this week
7 days ending 05/13/15
Gold avg: $1186.09 (down $4.40 from the previous week); Criteria #1 (no change); AGE (proof) $1510
Platinum avg: $1134.20 (down $10.55); Criteria #1 (no change); APE (proof) $1500 (2014 coin out of Stock; 2015 coin release date TBD)
7 days ending 05/20/15
Gold avg: $1217.12 (up $31.03 from the previous week); Criteria #2 (change); AGE (proof) $1560
Platinum avg: $1157.20 (up $23.00); Criteria #1 (change); APE (proof) $1550 (2014 coin out of Stock; 2015 coin release date TBD)
7 days ending 05/27/15
Gold avg: $1200.61 (down $16.51 from the previous week); Criteria #4 (no change); AGE (proof) $1560
Platinum avg: $1144.50 (down $12.70); Criteria #1 (change); APE (proof) $1500 (2014 coin out of Stock; 2015 coin release date TBD)
<< <i>Gold avg: $1200.61 (down $16.51 from the previous week); Criteria #4 (no change); AGE (proof) $1560 >>
According to the Mint website, AGE (proof) has dropped to $1510.
My Adolph A. Weinman signature
They stopped using the AM (10:30 London time) price for the average, and now use the PM (15:00 London time) close price.
Why this is different is because when they used the AM London price to compute the average, it allowed them (if needed) to change the price fairly early in the day here, due to the time change between London and USA.
By using the London close (15:00) that is 10:00 Eastern here, so prices won't change until after that time.
This typically doesn't matter, unless what happens is what we had last week:
AM average = $1200.61
PM average = $1193.07
so the Gold price DID go down last week:
Gold avg: $1193.07; Criteria #2 (change); AGE (proof) $1510
7 days ending 06/03/15
Gold avg: $1191.82 (down $1.25 from the previous week avg PM close [$1193.07]); Criteria #2 (no change); AGE (proof) $1510
Platinum avg: $1110.60 (down $33.90); Criteria #2 (no change); APE (proof) $1500 (2014 coin out of Stock; 2015 coin release date TBD)
7 days ending 06/10/15
Gold avg: $1175.86 (down $15.96 from the previous week avg); Criteria #2 (no change); AGE (proof) $1510
Platinum avg: $1103.20 (down $7.40); Criteria #2 (no change); APE (proof) $1500 (2014 coin out of Stock; 2015 coin release date TBD)
7 days ending 06/17/15
Gold avg: $1179.69 (up $3.83 from the previous week avg); Criteria #2 (no change); AGE (proof) $1510
Platinum avg: $1087.40 (down $15.80); Criteria #1 (change); APE (proof) $1450 (2014 coin out of Stock; 2015 coin release date TBD)