First Spouse gold...Are they Bullion or Collectibles??

These may well be overpriced, unless gold goes to $5,000. Several Uncs will probably have mintages under 4,000. Look at ugly Mary Todd, she will close below 4,000 mintage and sellers of moderns will hype her up immediately to $1,300+, but in the end she's ugly and fat, just ask honest abe.

 

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Speaking of first spouse did you guys notice that the mint pushed back the release data for Julia Grant.
It was supposed to be this Thursday but now its listed as June 23rd.
I'm wondering if that is due to slow sales of poor Eliza.

 

I wouldn't pay more for these coins than say a maple leaf or an AGE. Gold is expensive enough as it is, and I have it for preservation of wealth, not a collectible. I do collect some of the more desirable silver, but even then it's never more than a 10-15% premium, mostly because I like variety and depictions of various animals (and it's not a huge dent in my wallet).

 

is the Jefferson Liberty coin from 2007 just selling for bullion?

 

Yeah, all of the 2007 coins are pretty much selling for bullion... maybe a small fraction above that if you're selling retail. So around $775/coin or so right now, might be able to get $800/coin from a motivated buyer.

May 27, 2011 Greysheet bid/ask (at $1515/oz. spot) was $760 bid and $775 ask... since gold prices are up around $20 since the printing, I'd add $20 to each of those prices to get the current Greysheet bid/ask.

 

2007w FS without box and c.o.a. selling price add 35.00 to the melt value. with box and c.o.a. add 50.00 to the melt value. box and c.o.a. cost you 15.00.

FS martha with box and c.o.a. is on sale. add 25.00 to the melt value.

 

Everything is collectible, but this series has a few things going agains it...

- many collectors don't want made-for-collectors coins that never circulated
- many collectors don't collect gold
- many gold collectors collect type sets and not series of coins

So I wouldn't be surprised to see these coins sell close to bullion value for a very long time.

 

Here is a decent website for tracking sale on first spouse coins.
http://www.firstspousecoins.us/price-guide/

 

this has only happened recently- the last 2 or 3 coins. I had to return the Lincoln coin twice.

 

see liberty subset go further up to around 20%-25%.
2007w-- 50.00 plus melt value--up to 100.00 plus melt value-- jefferson proof
2007w-- 50.00 plus melt value--up to 100.00 plus melt value-- jefferson unc
2008w-- 1,850.00--up to--2,350.00--v buren proof
2008w-- 1,925.00--up to--2,400.00--v buren unc
2008w-- 1,750.00--up to--2,250.00--jackson proof
2008w-- 1,825.00--up to--2,300.00--jackson unc
2010w-- 1,225.00--up to--1,475.00--buchanan proof
2010w-- 1,200.00--up to--1,425.00--buchanan unc

 

are you saying that people are paying $2,400 for an unc VB?

 

http://cgi.ebay.com/2010-FIRST-SPOU..._Individual&hash=item3f0a66b100#ht_500wt_1156

this coin went for $999 on ebay recently. generally ebay prices are high.

 

yes, apmex is selling right now van buren unc at $1,925.00. i am saying that soon it can go up to $2,400.00.

 

first spouses retail prices up again....

2008w- 1,600.00- eliza proof
2008w- 1,500.00- eliza unc
2008w- 1,425.00- louisa proof
2008w- 1,500.00- louisa unc
2008w- 1,900.00- v buren proof
2008w- 1,975.00- v buren unc
2008w- 1,800.00- jaskson proof
2008w- 1,850.00- jackson unc
2009w- 1,525.00- anna proof
2009w- 1,600.00- anna unc
2009w- 1,550.00- letitia proof
2009w- 1,650.00- letitia unc
2009w- 1,975.00- julia unc
2009w- 1,400.00- sarah proof
2009w- 1,600.00- sarah unc
2009w- 1,425.00- margaret proof
2009w- 1,375.00- margaret unc
2010w- 1,325.00- abigail proof
2010w- 1,400.00- abigail unc
2010w- 1,350.00- jane proof
2010w- 1,275.00- jane unc
2010w- 1,325.00- buchanan proof
2010w- 1,300.00- buchanan unc

 

Wow, I always had a feeling the low mintage, would become collectable, but I always assumed it be around 2016, when the Roosevelt,Kennedy, Eisenhower, Johnson, Nixon... are released. But for now these are lowest mintage.
Julia Tyler MS 2,861 Marget Tayler Pr 4,787
Letitia Tyler MS 3,152 Julia Tyler Pr 4,830
Jane Pierce Ms 3,333 Jane Pierce Pr 4,843

 

low mintage doesn't necessarily equal high premuims

 

Correct, but I'd rather hold on to Julia Tyler then any of the the first year issues. A good example of low mintage no premium is the 8 copper pennies from the 2009 US Mint set about 750,000.

 

low mintage doesn't necessarily equal premiums, in fact, it often doesn't. What does is high demand. A desirable coin will outperform even the rarest of uninteresting ones.

 

I was thinking the same thing but this thread got me to look into it a bit and the Spouses do in fact seem to be taking off
this is an extreme example since it appears to be the key
http://cgi.ebay.com/2009-W-Julia-Ty...35?pt=Coins_US_Individual&hash=item45fb91d39f

 

I think the real key down the road is going to be the Van Buren Liberty... I think that many more collectors will want that coin in their set than the Julia Tyler coin. More than enough to make up the relatively small difference in the mintage numbers between the two coins. Based on one of the price lists above, the Van Buren is already priced comparable to the Tyler coin.

A few years from now I think the Van Buren might be worth double the Tyler coin. By then, you'll have several nobody Spouse coins like the Tyler all with comparable low mintages and all of which having relatively low demand. But with a similar low mintage, you'll have that sweet Liberty design Van Buren (and Jackson) coins that many collectors actually do want!

If I had extra Tyler coins right now, I'd trade them straight up for a Van Buren or Jackson in a heartbeat!