first spouse gold coins as investment

it appears that anyone who bought these coins from the mint as they came out has done very well. The 2007's cost about $450 from the mint and now are about $800; the 2008's are between $1000 and $1500; and the 2009-2011's go from $1000 to $2000+! I'd say that anyone who bought unc's only probably doubled their money and those who bought unc+ Proof almost doubled their money. Does anyone have any thoughts on the future value of this series?

 

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Waiting for the Jackie Kennedy.

I see these as Bullion coins, right now.

There isn't that big a market for them. Thier prices are tied very closely to the price of gold. Only the last 3 Liberty strikes and Julia Tyler are commanding heavy premiums. But even the "rare" (less than 5,000 minted) strikes are readily available for purchase from dealers. These coins aren't hot at this time.

 

http://cgi.ebay.com/2008-Van-Buren-...Individual&hash=item3cb941a11a#ht_1960wt_1139
http://cgi.ebay.com/2009-W-Uncircul..._Individual&hash=item45fb6df05f#ht_500wt_1156
http://cgi.ebay.com/2010-ABIGAIL-FI..._Individual&hash=item27bc047b97#ht_500wt_1156
http://cgi.ebay.com/2008-First-Spou..._Individual&hash=item588e874eac#ht_500wt_1156

the only Spouses under $1000 seem to be the 2007's and the one's still being offered by the mint. I'd say $1000+ for a half ounce puts these out of the bullion category. If you are getting these for bullion prices (2008-2011) buy as many as you can and flip them on ebay- you will make $200 - $1500 per coin.

 

My First Spouse was a terrible investment :devil:

She stole a lot of my coin collection during the Divorce :bangg:

 

Read my post again. Already pointed those examples out.

With the current price of gold and the US Mint's price chart, they charge ~$200+ premium to spot.

You can buy MS69/70 PCGS/NGC examples, in US Mint boxes examples, easily.
They are not "rare" or "hard to find" or scare by any means. They aren't "hot".
The demand is being met. You can find them for sale at 3rd party vendors.

Buying these as "investments" for a "quick flip"?
Not the best of ideas for us collectors. You have to buy each issue to make sure you get "the rare one". More power to you if you can do it. But, to do it consistantly, you gotta be a dealer.

 

so if you are saying that the 2007's are the only bullion we are in agreement. Otherwise I'd like to see a link to 2008-2010 spouses under $1000. http://www.apmex.com/Category/147/First_Spouse_1000_Gold_Coins2010__Prior.aspx

 

Heh. I see that Jane Pierce is "out of stock" at APMEX. On the other hand, I also don't see a "buy price" for that issue. I guess the best characterization would be "thinly traded"...

 

4-coin Liberty set (8-coin in proof and unc) is the only long-term winner in the series I think. Sure, some of the others will sell for more than issue price and will be better than just bullion, but the demand will be very low on those. With the Liberty subset the mintages are low but there is much greater demand and I think that demand will increase in the future. I got around $4500 or so into my 8-coin Liberty set (bought them all from the Mint) and it's probably worth $10k-$11k right now if I were to sell it. Not too bad for just a couple of years, but I think it's going much higher.

 

this will be fun to watch
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=170664365308+&clk_rvr_id=246051652782

 

I got lucky! I walked into my dealers shop and he had an unc Jackson sitting on the counter. I asked how much and he said was going to melt it and quoted me $440 (gold spot was $880). Ran to the ATM and bought that immediately....and I'm GLAD I did!!!

 

It seems incredible...I don't try this option of investment..
I've just found the article about Best gold coins for investment... You may something interesting for you...
Good luck, investors!)

 

This series has a lot going for it except demand. There is only a small group of collectors/speculators who are passionate about the series right now. If that group increases over time, the series is a long term big winner. If that group decreases or stays the same, then these will likely track the spot price of gold except for the eventual low mintage winners which may still command a decent premium. TC

 

Currently the only reason these have gone up in value since being minted is the gold they contain has gone up in value. These aren't high mintage, but remember it's not rarity that makes coin valuable, it's rarity relative to demand (as one person on this board said once, "a mintage of 2 is still too high if only 1 person wants it.") Some of the lower mintage ones (and they're getting lower all the time because of low demand) have gone up in a price a lot since release, but this is probably just speculation and the price will likely go back down eventually when they're not as "hot." You could have doubled your money if you had good timing lol... but heck you know the exact time when prices are in their peaks and valleys you can be rich buying just about any commodity.

Currently the most demanded are the "Liberty" issues (the ones where the president at the time had no spouse while president because they were a widower or bachelor) because the design is thought of as being more interesting. Those are the ones where the value went up not just because of the bullion value.

Long term, who knows. If a lot of these get minted because nobody cares about them they may be rare in the future... but if the demand doesn't go up down the road it won't matter how rare they are. The demand is too niche now to expect them to gain much in the short term. They may pay off in the long term if demand goes up in the future. I've some relatively rare gold items not go up in value at all beyond their bullion value though, like the gold medals the mint produced before the American Eagle series. If we had a crystal ball we'd all be rich lol... the only thing I can say with certainty is that if you get some they'll always be worth at least as much as the gold they contain.

 

I sold my spouses in 2011 and bought some old coin.

I do however think the Liberty set is very nice and will only increase in value.

What year does the Michelle Obama FS coin come out...

 

I believe it would be 2017 but Carter and George Bush would have to die by mid 2014 and Clinton, George W Bush and Obama would all have to die before 2015.

 

I see, didn't know that...:thumb:

 

As far as long term collector appeal goes, I don't don't see much value in first spouse coins. For me, I'm not interested in having them in my personal collection.

 

If money were no object, I wouldn't mind owning the 4 "Liberty" gold coins for the presidents that didn't have first ladies, but to be honest the rest don't particularly interest me either.

 

danr, these still doing well as investments? you have me intrigued.

 

check ebay