Notification of American Eagle Gold Proof Coin Price Increase

SUMMARY:

The recent rise in the price of gold requires that the United States Mint raise the prices on its 2006 American Eagle Gold Proof Coins.

Pursuant to the authority that 31 U.S.C. 5112(i) and 5111(a)(3) grant the Secretary of the Treasury to mint and issue gold coins, and to prepare and distribute numismatic items, the United States Mint mints and issues American Eagle Gold Proof Coins in four denominations: One-ounce, one-half ounce, one-quarter ounce, one-tenth ounce, and a four-coin set that contains one coin of each denomination. In accordance with 31 U.S.C. 9701(b)(2)(B), the United States Mint is changing the price of these coins to reflect the increase in value of the underlying precious metal content of the coins—the result of recent increases in the market price of gold. The price of gold has increased substantially from the time the United States Mint last set prices for gold proof coins. Accordingly, effective May 22, 2006, the United States Mint will commence selling these coins according to the following price schedule: One-ounce gold proof coin ($885.00), one-half ounce gold proof coin ($445.00), one-quarter ounce gold proof coin ($220.00), one-tenth ounce gold proof coin ($110.00), four-coin gold proof set ($1,575.00). Prices are subject to change again based on future fluctuations in the market price of gold.

FOR FURTHER INFORMATION CONTACT:

Gloria Eskridge, Associate Director for Sales and Marketing, United States Mint, 801 Ninth Street, NW., Washington, DC 20220, or call 202-354-7500.

Authority: 31 U.S.C. 5111, 5112 & 9701.