which first spouse coin?

Discussion in 'Bullion Investing' started by pale ridder, Mar 9, 2010.

  1. FlyGuyOG

    FlyGuyOG Junior Member

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  3. phubanks

    phubanks Junior Member

  4. FlyGuyOG

    FlyGuyOG Junior Member

  5. mlmummert

    mlmummert Junior Member

    That's sad but funny. Seriously the Hillary coin probably would sell out in a day. Nancy Reagan will make it to a coin and I suspect she'll do fine too. Barbara Bush would probably do fine if she makes it to a coin also.

    Some people are saying buy the ones with low mintage figures. Don't low sales mean low demand? Just because somebody goes out and buys Lady Bird Johnson doesn't mean they are going to buy all these other coins. These are half ounce gold coins. I think there are very few that could ever afford a complete set. I know I certainly can't!:computer:
     
  6. yakpoo

    yakpoo Member

    I gotta stick with Cloudsweeper99 on this one...50 to 70 years out, these coins will be more about rarity than popularity. I'll never see it, but then again, I'm not buying them for me.
     
  7. illini420

    illini420 1909 Collector

    Disagree... you're forgetting that it's not just supply that must be factored (low mintage), but you must also factor in demand.

    There are tons of proof coins from the late 1800s to the early 1900s with mintages under 1000 coins that can be purchased for less than the price one example of even the most common First Spouse coin... does that mean they have more upside potential??? of course not. the prices on those coins remain relatively low because so few people collect early proofs.

    Similarly, the Jackie Robinson coin has appreciated significantly because there are lots of collectors of modern commemoratives and to get a complete set they all need that one coin which has become the key issue for the series. On the other hand, few folks are collecting the First Spouse coins, only time will tell if they become popular down the road, but their future potential it isn't looking too promising so far in my opinion.
     
  8. yakpoo

    yakpoo Member

    Will these coins appreciate 5x in the next 10 years? ...unlikely. Give them 50-70 years, though, and I think they will begin to increase nicely. :eat:

    Problem is...most folks want to see a return on their investment before they die and that's not likely with First Spouse coins.

    HOWEVER, it'll be interesting to see what happens once the series ends...when the hardcore collectors begin submitting their Registry sets. That may prompt others to complete their sets...pushing up prices for a time.
     
  9. Ladies First

    Ladies First Since 2007

    Usually the price guide is very high but in this case, I've seen the PCGS MS 70 L. Adams First Strike sell for $1,750-$2,000. If you can get it cheaper, flip it on eBay!
     
  10. yakpoo

    yakpoo Member

    That's a pretty nice price!! ...but I gotta think the market is still pretty thin. Here's a Louisa Adams MS70 BIN for $999.

    I just bought a couple of raw Tyler coins for $670 each...one (1) Letitia Tyler and one (1) Julia Tyler. I got them from a reputable seller and they both look to be MS70...as near as I can tell. I'm sending them in to NGC when I get them...we'll see.
     
  11. phubanks

    phubanks Junior Member

    most of you are missing the point ...

    to buy a BULLION high mintage 1/2 oz gold coin (like a $25 american eagle) it costs around $616 right now (retail price from dealers)

    to buy a low mintage (4,000 to 10,000 total) 1/2 oz first spouse gold coin it costs $716 (sales price from the US Mint)

    So it's only $100 difference. If you buy a first spouse and gold goes up a little more ... you can melt the damn thing down and get your money out.

    So there is VERY LITTLE RISK.

    Look I dont know if the darn thing will go up a lot in value over time ... maybe ... maybe not. But your talking about a low risk way to take a shot.

    It's sort of like buying a $1 lottery ticket on a bill that you can spend anytime for 90 cents.

    I personally think most of the first spouses are ugly ... the exceptions are the liberty versions that use old coin designs from the 1800's ... so this is where I would take my shot on potential future value

    if that potential value never comes, you still have a coin that sells for not too far from the melt down value.
     
  12. phubanks

    phubanks Junior Member

    The mintages on some of them are crazy low. Show me where you can buy any legal tender US coint with a mintage less than 5,000 for $100 (20%) over the melt value.


    Final mintages or the most recent available sales data appear below. Lines in italics represent coins that are still available for sale at the United States Mint. Data updated February 2010.



    Uncirculated Proof Total 2007 Martha Washington 20,000 20,000 40,000 2007 Abigail Adams 20,000 20,000 40,000 2007 Thomas Jefferson’s Liberty 20,000 20,000 40,000 2007 Dolley Madison 12,541 18,355 30,896



    2008 Elizabeth Monroe 4,519 7,933 12,452 2008 Louisa Adams 4,223 7,454 11,677 2008 Andrew Jackson’s Liberty 4,754 7,806 12,560 2008 Martin Van Buren’s Liberty 4,334 7,515 11,849



    2009 Anna Harrison 3,153
    6,067
    9,220 2009 Letitia Tyler 2,620 4,672
    7,292 2009 Julia Tyler 2,452 4,322 6,774 2009 Sarah Polk 2,334
    4,118
    6,452 2009 Margaret Taylor 1,498
    2,844 4,342
     
  13. phubanks

    phubanks Junior Member

    that table didnt work ... let me try that again with an image ...
     

    Attached Files:

  14. fatima

    fatima Junior Member

    Interestingly the Mint announced today the total # of Fillmore coins, UNC and PF combined, will be 15,000. This is down from 40,000 and there are no household limits. IMO, Fillmore is a particularly homely first spouse, but this could make it very interesting later in the year when the Lincoln and Buchanan (liberty) coins are released.
     
  15. phubanks

    phubanks Junior Member

    i dont think they needed to officially reduce the limit ... they havent sold 15,000 of these since 2007
     
  16. yakpoo

    yakpoo Member

    I think this announcement is HUGE!!! :hail:

    Currently, there's no guarrantee that the Mint can't continue releasing "sold out" First Spouse coins until the end of the series...thus keeping the "final" mintages in limbo.

    By reducing the "maximum" mintage to 15,000 across all product lines with unlimited sales, this will...

    1. Increase interest in the series (imho)

    2. Make it absolutely critical for serious FS collectors to get their orders in on the first day of release!!

    3. Possibly require FS collector's to buy their coins on the "after-market" at inflated prices.

    :loud: Buy your FS coins on 18 March, 2010 (if you want one!!)
     
  17. elaine 1970

    elaine 1970 material girl

    could this 15,000 maximum give this year 2010 four FS gold coins all sell out. then it will look like this:

    2007-- martha washington-- 40,000
    2007-- abigail j adams---- 40,000
    2007-- liberty jefferson--- 40,000
    2007-- dolley madison--- 30,896
    2008-- elizabeth monroe---- 12,452
    2008-- louisa q. adams-- 11,677
    2008-- liberty jackson---- 12,560
    2008-- liberty van buren-- 11,849
    2009-- anna harrison---------- 9,772 (not final)
    2009-- letitia tyler-------- 7,637 (not final)
    2009-- julia tyler-------------- 6,986 (not final)
    2009-- sarah polk-------- 6,802 (not final)
    2009-- margaret taylor------ 4,972 (not final)
    2010-- abigail fillmore---- 15,000
    2010-- jane pierce------------ 15,000
    2010-- liberty buchanan-- 15,000
    2010-- mary lincoln----- 15,000
     
  18. yakpoo

    yakpoo Member

    With the unlimited sales, I think 2010 coins will likely be one (1) day sellouts!!! ...especially the Buchanan. This "should" increase sales of the remaining 2009 issues...thus cementing Anna Harrison's place as the KEY of the Series!!! :hail:

    Actually, the true limit for the 2010 coins is 14,996...'cause I'm buying two (2) each Proof/Unc...and I ain't sell'n!!! :cool:
     
  19. krispy

    krispy krispy

    Mary Lincoln will be gone in hours, not a full day. hours.
     
  20. elaine 1970

    elaine 1970 material girl

    let's make it into four brackets: the third bracket are the keys. just buy the 3rd braket all (both proof and unc). wow. that's ten FS gold coins.

    2007-- martha washington-- 40,000
    2007-- abigail j adams------ 40,000
    2007-- liberty jefferson----- 40,000
    2007-- dolley madison------ 30,896

    2008-- elizabeth monroe---- 12,452
    2008-- louisa q. adams------ 11,677
    2008-- liberty jackson------- 12,560
    2008-- liberty van buren---- 11,849

    2009-- anna harrison------9,772-- (not final)
    2009-- letitia tyler-------- 7,637-- (not final)
    2009-- julia tyler-----------6,986-- (not final)
    2009-- sarah polk--------- 6,802-- (not final)
    2009-- margaret taylor---4,972-- (not final)

    2010-- abigail fillmore---- 15,000
    2010-- jane pierce---------15,000
    2010-- liberty buchanan-- 15,000
    2010-- mary lincoln------- 15,000
     
  21. illini420

    illini420 1909 Collector

    i think some of you are overestimating the appeal of mary lincoln... why would people buy this coin and not the others??? just because she was married to Honest Abe??? I can see the appeal of a First Spouse who was famous in her own right, like a Jackie Kennedy, but are there that many Mary Lincoln fans out there?? especially at $700 or so a coin??

    Since none of the 2008 or 2009 coins have hit the 15,000 limit, I don't think the lower cap will have any impact on the First Spouse sales at all.
     
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