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Hate on the First Spouses if you wish, but do consider...
That there are now two confirmed sub-5000 mintage coins among them, which makes them the lowest mintage US gold coins since 1915.
The L. Adams unc. at 4,223 and the E. Monroe unc. at 4,519. That's much lower than any Gold Eagle (save perhaps the '99-W Unc.) and unseats the '97-W Jackie Robinson commem. (5,174) which already sells for a tidy sum... http://numismaster.com/ta/numis/Arti...ArticleId=6985 |
Re: Hate on the First Spouses if you wish, but do consider...
I thought this was going to be about Michelle Obama....
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Re: Hate on the First Spouses if you wish, but do consider...
Except for the first year of issue, all of the first spouse coins have extremely small mintages. The problem with these coins is that for the most part, they are pretty rough looking (most of the first spouses were quite ugly), hence their low popularity in numismatic circles. Even with really low mintages, coins like this:
http://www.coincollectingnews.org/wp...on-obverse.jpg won't ever see high premiums because they're ugly! The exceptions are for the presidents who didn't have first spouses, their coins are depictions of liberty as presented on a common coin of their era. Take for example the Jackson or van Buren first spouse coin: http://www.firstspousecoins.us/image...lated-Coin.jpg http://firstspousecoinguide.com/imag...-Buren-Unc.jpg Now these are very beautiful coins. If you are looking to invest in these low mintage first spouse coins, I suggest getting the ones that look good. FYI, I think total mintage for the Jackson and van Buren coins is still around 7000 or 8000 total each. |
Re: Hate on the First Spouses if you wish, but do consider...
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Re: Hate on the First Spouses if you wish, but do consider...
I own the Jefferson, being a fan of his and there being no spouse. I shan't buy another.
Think of the enthusiasm if they had done the Presidents in gold instead of "golden" ...ahhh missed opportunity. |
Re: Hate on the First Spouses if you wish, but do consider...
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Re: Hate on the First Spouses if you wish, but do consider...
Yeah but if you count the uncircs and the proofs, the Adams is 11677 total mintage and the Monroe is 12452 total. Did the Jackie Robinson commemorative come in proof and uncirc? If so, what was the total mintage for both?
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Re: Hate on the First Spouses if you wish, but do consider...
Mad, Here's info on commem. mintage: Scroll through all the coins on the left.
http://goldcommemoratives.com/Modern...-Commemorative As for proof vs. MS, it doesn't really matter IMO because each is treated as it's own design. It's really about the individual coins & mintage..... an MS Robinson fetches much more than the proof. |
Re: Hate on the First Spouses if you wish, but do consider...
The list of sub-10,000 mintage gold US coins for the last 100 years (not incl. spouses) is quite short:
1. 1915 Pan Pacific $50 gold (round) - 483 2. 1907-1915 St. Gauden's -Proof - 586 3. 1915 Pan Pacific $50 gold (octagonal) - 645 4. 1908-1915 Indian Head $10 - Proof - 768 5. 1908-1915 Indian Head $5 - Proof - 1080 6. 1908-1915 Indian Head $2.50 - Proof - 1827 7. 1997-W J. Robinson MS gold - 5174 8. 1915S Pan Pacific Gold $2.50 - 6749 9. 2001 Capitol Vistor Center $5 MS gold - 6761 10. 1996-W Smithsonian $5 MS gold -8948 11. 1995-W Flag Bearer $5 MS gold - 9174 12. 2008-W $10 unc. Gold Am. Eagle - 8883 13. 2008-W $50 unc. gold Buffalo - 9074 14. 1995-W Cauldron $5 MS gold - 9210 15. 2006-W Reverse proof $50 Am. Gold Eagle - 10,000 edit: that list is of course out of date now; with new revelations from the mint the 2008-W $10 unc. Gold Am. Eagle is at 8883, the 2008-W unc. $50 gold Buffalo is at 9074, and the 2008-W $10 unc. gold Buffalo breaks into the list with 9949. The point is the Spouses are poised to make this list far longer. source: http://www.coinresource.com/docs/Cas...%20Moderns.pdf |
Re: Hate on the First Spouses if you wish, but do consider...
I appreciate this thread on the First Spouse coins as I think they, as a whole, are very under-represented in the numismatic circles. I suspect shortly we will see that the Jackson and van Buren uncircs will total in less than 5000 each as well.
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Re: Hate on the First Spouses if you wish, but do consider...
This thread started me thinking about these coins again . . . I bought a Jefferson Liberty proof (just because I really, really wanted it in the proof version) and an MS70 E. Monroe (because it has the low mintage) yesterday.
I do think that "pretty" isn't what raises price - it's scarcity. Trying to decide whether to buy more spouse coins based solely on that scarcity factor, or whether to carry thru my original plan, which was to buy the four Liberty style coins (the presidents who had no spouse). Decisions, decisions . . . |
Re: Hate on the First Spouses if you wish, but do consider...
FYI Clawdia, the total Jefferson first spouse coin mintage is 20,000 uncirc and 20,000 proofs, so they are not as scarce as the 2008 series and beyond. When they debuted in 2007, the mint was planning on a 20,000 mintage for all the first spouse releases, but demand was too low so they began making them to order, hence the lower mintages for the newer ones.
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Re: Hate on the First Spouses if you wish, but do consider...
Trouble with low mintage items like this series is lack of demand... (frankly, who cares about them enuff to put a set together?) you need pumpers with a stock of these slabbed ....and a bunch of seriously dumb buyers to climb on board. With money as tight as it is, there is not a lot of fools chasing stuff nowadays.
To me, the stuff looks like high dollar Franklin Mint swill......they will melt just as good as a maple leaf when gold hits $2000.00 |
Re: Hate on the First Spouses if you wish, but do consider...
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I didn't pay as much for it as for the more rare E. Monroe coin, and the Jefferson is just a keeper and nothing I intend to sell. |
Re: Hate on the First Spouses if you wish, but do consider...
Very careful hunting on fleabay using cashback can get you one of these coins under spot which is why I have 3 or 4 of them.:tongue_ma:
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http://numismaster.com/ta/numis/Arti...ArticleId=7631 Seriously folks, these coins are being made in rediculously low quantities, which means they have tremendous potential for major upswings in prices. Plus the Jackson $10 gold coin is one of the best looking coins the mint has produced in a long time! |
Re: Hate on the First Spouses if you wish, but do consider...
http://i80.photobucket.com/albums/j1...tical/lol1.jpg
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Re: Hate on the First Spouses if you wish, but do consider...
Thanks for bumping this. I think the remainder of the spouses w/ few exceptions are going down-down-down in mintage. The trends clearly point that way. I don't think the MS Loiusa Adams at 4223 mintage is even safe.
When the series is (mercifully) put to bed it's going to be synonomous with scarce. Chasing the scarcest of these may prove very profitable down the line. |
Re: Hate on the First Spouses if you wish, but do consider...
Maybe eventually.... if people stop thinking of them as the equivalent of "gold rounds".
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Re: Hate on the First Spouses if you wish, but do consider...
These are still gold and not just any Gold.
One of the misnomers about the 1st Spouse Commemoratives (even among some dealers), is that these are only 90% Gold (0.48375). As all other Gold ($10) Commemoratives are. However these are the very first 24k $10 Commemorative coin in the mints history. That's 1/2 Troy Ounce of .9999 pure Gold (0.500)! These Proofs today are semi numismatic. And when that day comes these proofs will become fully Numismatic. As will all AGE Proofs. Also on that day, all (uncirculated) Gold Melts the same. :smile: |
Re: Hate on the First Spouses if you wish, but do consider...
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Re: Hate on the First Spouses if you wish, but do consider...
Van Buren's liberty is still up. I have the jefferson coin, being a jefferson fan, but you guys got me thinking about the low mintage and I'm thinking What the hell? Should I get the UNC or the proof?
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Re: Hate on the First Spouses if you wish, but do consider...
This is the problem, the Liberties are cool, replicas of old coins. The ones who had wives...they be ugly!
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Re: Hate on the First Spouses if you wish, but do consider...
The Anna Harrison is on pace to come in under the 4223 L adams mark, if you track the mintage #'s it barely moves each week, and it's on sale for another 5 1/2 months. If it figures since she's the ugliest yet released. Her and Hillary are going to be duking it out for scarcest perhaps LOL
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Re: Hate on the First Spouses if you wish, but do consider...
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Re: Hate on the First Spouses if you wish, but do consider...
the earlier ones were minted when gold was in the 600-700 range
Silvertowne reported melting some of the ugly ones when gold hit 1000 last year.. |
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Re: Hate on the First Spouses if you wish, but do consider...
Just bought the Van Buren uncirculated, $641 bucks for a half ounce. Pricey, but 1/2 ounce random year eagles are 585 on APMEX. Should have bought the Jackson when it was available, nice looking coin. I can't bring myself to buy any of the others...I don't care if the mintages may be lower, they are UGLY!
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