Thread: The Tyler Sisters

Originally Posted by Danr

I just do not see much room below the current mintages. I mean we are left now with the hard core Spouse collectors here.

I consider myself one of those "hardcore" FS collectors...but I gotta admit, it was a lot easier keeping up with the series at $500/coin than it is at $800/coin.

Early on, I was doubling up on coins in case gold went up. The idea was to sell off the dupes to keep up with the new issues. I've heard other say they're going to just do the Proofs (or Uncs) and sell off the others. This intermediate selling will keep prices down for some time to come.

FS coins sold by the Mint sell at about a 20%-25% premium over bullion. There are times when I've found NGC/PCGS graded coins (MS70/PF70) on eBay for less than the Mint premium price...which is a "no brainer". However, every FS coin I buy on eBay is one less coin I can afford to buy from the mint.

When the newer commemoratives come out, it will be easier for most folks to buy a "one-and-done" coin rather than trying to keep up with a series that has five (5) more year to go!

I wouldn't be surprised to see some of the more obscure future issues sell less than 2,000 Uncs. That likely wouldn't happen unless the coin prices go over $1000 each...that would be gold around $1600/oz. If gold goes that high, I'll probably have other, more pressing issues to deal with than my coin collection.

[QUOTE=yakpoo;890681]

Originally Posted by RGJohn777

LMAO! You got the greatest posts!

for the distinction Yak!
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But the credit is really your own. As the others have remarked, we are very grateful to you for all the research, effort, verbalization of the hopes, fears, dreams, and anxieties that we share, and especially for the passion that you bring to this. Should the price of gold fall to $10 a ton tomorrow, we have had one heckuva lot of excitement and entertainment for the price of our admission tickets. And that's thanks to you YP. Thank YOU sir.
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Hard core is like the Pillsbury Dough Boy compared to Yak and his Pack!

Originally Posted by yakpoo

Will the Jane Pierce be released in the beginning of June (when the Letitia Tyler was "supposed" to be released) or will it be later in the month? Will both Tyler designs end together when the Jane Pierce is released or will they be staggered?

Interesting...CT let's me quote myself! ...but I digress.

I see that the Mint has announced on their Product Schedule page that the Jane Pierce First Spouse gold coins will go on sale Thursday, 03 June 2010.

It will now be interesting to see how they end the Tyler (Letitia & Jane) coins...both at once, staggered, when they run out...who knows?

I would have thought they would list the Tyler coins under "Last Chance" if they were going to end them when the Jane Pierce comes out...(you can cut the tension with a knife!).

As of 18 May 2010...

Letitia Tyler
.....Unc: 3134 (+39)
...Proof: 5149 (+59)

Julia Tyler
.....Unc: 2797 (+46)
...Proof: 4799 (+56)

Current Key Date...
Anna Harrison (sold out)
.....Unc: 3537
...Proof: 6250


The thinking on "the street" is that the Letitia Tyler coin will "sell out" in two (2) weeks! That could mean final sales of around 3300 (Unc) and 5500 (Proof)...well below the Anna Harrison totals...especially for the Proof!

I suspect FS sales will be light this week in anticipation of a price decline next Thursday. If that happens (a drop in prices) sales could spike for the last week of the Letitia Tyler...but not enough to beat the Anna Harrison (imo). If prices don't drop, sales could be even weaker.

It's unclear what will happen with the Julia Tyler, but my guess is that they will have "surprise" sellouts as the current supply runs out. The Mint probably won't mint any new Julia Tyler coins unless there's a surprise spike in sales.

So the Julia Tyler final sales and end date are still up in the air. It will be interesting to see which of the "Tyler Sisters" will be the new Key Date coins of the First Spouse series...or if they will share the title (one with Proof and the other with Unc).

As the "Key Date" designation changes hands from Spouse to Spouse, the total number of people in the world (universe) that can possibly possess a full collection of First Spouse coins continues to decline. That number may fall below 3,000 once the "Tyler" dust settles.

Personally, I would like to buy more of the Tyler coins, but I have limited funds and have to save my money to buy the Jane Pierce coins on their first day of issue...I don't want to wait and run the risk of getting damaged coins.

As of 26 May 2010...

Letitia Tyler
.....Unc: 3145 (+11)
...Proof: 5150 (+1)

Julia Tyler
.....Unc: 2807 (+10)
...Proof: 4812 (+13)

Amazing...just one (1) more week to go and the Letitia Tyler has to sell 1100 more proofs to catch the Anna Harrison!

Of all the people in the world that have access to US Mint online sales (and who "apparently" desire gold), only one (1) person bought a Letitia Tyler Proof coin...simply amazing!

I'm not sure when they will end the Julia Tyler, but at this rate, she may not sell over 3000 Uncs...WOW!

EDIT: I just saw this on the Mint News Blog...

On a separate matter (maybe), the US Mint has confirmed that both the Letitia Tyler and Julia Tyler coins will go off-sale to coincide with the start of sales for the Jane Pierce coin, still scheduled for June 3, 2010. The end of sales for Julia Tyler has the potential to create the first gold coin of the modern era with a mintage of less than 3,000.

This is HUGE! I expected sales of the Tyler First Spouse coins to be brisk this week with the lowering of prices...but it sounds like the Mint plans to keep prices right where they are...amazing!

June 3rd, 2010 will go down in Numismatic Lore as a RED LETTER day! ...like the days during WWI when you could buy rolls of Unc 1916-d Mercury dimes for $5...amazing!

When will they stop selling Julia Tyler gold coins? I haven't bought any FS coins but I caN't resist buying the lowest minted gold coin.

Originally Posted by midas1

When will they stop selling Julia Tyler gold coins? I haven't bought any FS coins but I caN't resist buying the lowest minted gold coin.

June 3rd, 2010

Originally Posted by yakpoo

June 3rd, 2010

Yup, that's what is the wanted thing is THIS series! Who will be the fortunate few who obtain the last 'strikes' (and they're out!). The 'Pallbearers of the Yak-Pak', those who are with the dearly departed in her final moments, and who escort her upon her final, final journey.
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I can darn near smell the flowers.

Originally Posted by RGJohn777

Yup, that's what is the wanted thing is THIS series! Who will be the fortunate few who obtain the last 'strikes' (and they're out!). The 'Pallbearers of the Yak-Pak', those who are with the dearly departed in her final moments, and who escort her upon her final, final journey.
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I can darn near smell the flowers.

Letitia and Julia are holding hands like Thelma & Louise as they speed off the cliff!

Originally Posted by midas1

When will they stop selling Julia Tyler gold coins? I haven't bought any FS coins but I caN't resist buying the lowest minted gold coin.

Even I might have to grab one up, even though I own none of the other coins in the series....

Originally Posted by danisanub

Even I might have to grab one up, even though I own none of the other coins in the series....

The mintages are enticing (I have quite a few $$ tied up in the series already)...but there's a voice inside me that says "BEWARE!!!".

Check out my latest comment/warning in the [Four Beautiful "Liberty" Presidential Spouses] thread.

Originally Posted by yakpoo

Letitia and Julia are holding hands like Thelma & Louise as they speed off the cliff!

ROTFLMAO!

Originally Posted by yakpoo

The mintages are enticing (I have quite a few $$ tied up in the series already)...but there's a voice inside me that says "BEWARE!!!".

Check out my latest comment/warning in the [Four Beautiful "Liberty" Presidential Spouses] thread.

Will do, and the only reason I might get one (besides the low mintages) is because I won 1250$ and I need to put it into something I won't spend

Originally Posted by danisanub

Will do, and the only reason I might get one (besides the low mintages) is because I won 1250$ and I need to put it into something I won't spend

Congrats on the big win!!!

Please keep in mind that any advice I might offer on First Spouse coins is purely speculative.

One rule I try to follow is to buy coins from the Mint on the first day (regardless of price) or try to get an NGC/PCGS graded specimen (no lower than MS69/PF69) off eBay for the same price.

The Jane Pierce (and earlier) coins may be overlooked because of the Buchanan Liberty (Last Liberty) and the Mary Todd Lincoln coins coming out later in the year.

There are quite a few people that collect "anything Lincoln" and could make that one a sellout. There are also many people that gave up on the First Spouse series, but want to complete the "Liberty" sub-series. That one could be a sellout as well.

So the question is...if you decide to buy a FS coin, do you go with the higher mintage, more popular coin or the lower mintage, less popular coin. Do you go with Proof or Uncirculated?

That's a decision only you can make.

Originally Posted by yakpoo

Congrats on the big win!!!

Please keep in mind that any advice I might offer on First Spouse coins is purely speculative.

One rule I try to follow is to buy coins from the Mint on the first day (regardless of price) or try to get an NGC/PCGS graded specimen (no lower than MS69/PF69) off eBay for the same price.

The Jane Pierce (and earlier) coins may be overlooked because of the Buchanan Liberty (Last Liberty) and the Mary Todd Lincoln coins coming out later in the year.

There are quite a few people that collect "anything Lincoln" and could make that one a sellout. There are also many people that gave up on the First Spouse series, but want to complete the "Liberty" sub-series. That one could be a sellout as well.

So the question is...if you decide to buy a FS coin, do you go with the higher mintage, more popular coin or the lower mintage, less popular coin. Do you go with Proof or Uncirculated?

That's a decision only you can make.

Thanks! It's actually a scholarship in the form of a check in my name. I figure I'd invest some of it in gold/silver, as I've already done before and made some money.

Ahhh too many choices!! I need to do some research, I'll probably just ditch the FS idea and instead buy a 1/2 oz of gold and then some silver bars