which first spouse coin?

You can afford it!!

I think this was a pretty smart move by the Mint...I only wish they waited another year before doing it. :crying:

 

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illini: In part, there's been lots of Lincoln mania over the last year... the new lower FS mintages will put pressure on sell outs especially causing those who want to get them in higher grades to buy multiple coins right away or just have the effect of making anyone on the fence about getting on, to just get one before the dealers or collectors who will take them right off the market for next several years... by the time Mary Lincoln is on the market, these factors will have decreased one's odds of getting a good example, if at all. Maybe more collectors will be gaining momentum on FS series too. If collectors budgets are sidelined due to the economy begin coming back into collecting, they'll likely add to the potential for selling out the Mary Lincoln.

 

I think you're forgetting the most important detail here..."unlimited sales"! The dealers are gonna be all over these things! They'll corner the market and jack up the prices. This forces the average collector to get their orders in on the first day...feeding the frenzy.

Well...that's my opinion, anyway...we'll see. In any event, I'm ordering two (2) Proofs and two (2) Uncs of the Fillmore coin on the 18th...just to be safe. I would hate to be this far along in the series and get screwed out of a coin I need.

 

krispy, well i do agree that there has been ton's of Lincoln mania not only recently but for the past 150 years or so... however, that has always been Abe Lincoln mania... has there ever been a Mary Lincoln mania??? I'm a big fan of anything to do with Abe Lincoln, but I'm not going to line up to buy a coin with his wife on it.

 

I agree that the Lincoln will be popular...but how about the Buchanan?!!
With all the Liberty collector's out there, this one will be a "One Hour" sellout!!

 

No, I considered that for a second, but I find that possiblity to be extremely remote. They could already corner the market if they just bought up to the 40,000, but they don't. Sure, the 15,000 limit makes that more possible, but eventually these flippers will have to sell to someone. The failure of the Mint to sell 15,000 of any of the last 9 issues makes an attempt at cornering the mintage very very risky as they may be stuck with a great percentage of those coins with nobody to sell too.

 

I also figured there were more Lincoln historian/enthusiasts type completists out there who'd be interested, sort of like you said that you are big fan of anything Lincoln... we'll see. I think it will remain an engaging and interesting series despite the bland portraits (IMO) I also agree with Yakpoo that dealers will be competition, they will be scooping these up to control the prices, esp with high graded examples.

 

Well, I have to say that it will take a bit longer than an hour, since the initial online surge of buyers will shut the Mint site down for many for a good 20-30 minutes of the fist hour or sales...

 

3/18 goes on sale First Spouse Series One-Half Ounce Gold Coin - Abigail Fillmore

 

I bought the Abigail coin in both proof and uncirculated. I kind of bought into the hype of the lower mintage limit. But, I am going to return them. These coins are just plain ugly. I should just buy some of the Liberty Spouses. I really like those coins. While I am doing this partly for an investment in gold, I am also doing it because I like collecting coins. I find if the coin design doesn't appeal to me, I inevitably regret the purchase, no matter how "smart" the investment.

 

10 years from now you'll be like..."Wow! One just sold for $20,000! I had it in my hand I and returned it...what was I thinking?!!" ...or not.

EDIT: I'm anxiously awaiting the sales figures for the Abigail Fillmore FS coins. I pulled the trigger on two (each) in the first 5 minutes they went on sale...I didn't want to run the risk of missing out.

The Mint site wasn't slow that day...like it was today for the BSA coins. In retrospect, I guess I could have waited on the Fillmore. :goof:

All in all, I'm glad I got my order in early. If there's a problem with any of the coins, they're going back and the next guy can have them! :rolling:

 

Yak

Which ones are your current favs in the series? Which is the fav. in your collection this far?

 

That was a PCGS PR70 FS that sold for $20,000. The one he had in the OGP is only melt...($1,870!)

 

Interesting question...I love the Jackson Liberty of course (terrific coin), but I've always been a bit partial to the Monroe...she looks like she works out.

 

Got both of mine in today. Was extremely pleased with the proof, but the UNC is going back.

 

the proofs are quite stunning, aren't they, joe?

 

I wanted to correct a few facts and help make things clearer.

Your premise is that AGEs are readily available and I agree.

the difference in price has nothing to do with mintage. Nor availability. The difference here is the FS coin is .9999 gold vs .999 for the AGE coins.

The pieces both go up the same amount.

There is no reason in the world to melt a pure gold coin. That's just silly. But you can sell it and it has the same effect as what you were saying. I was more pointing out the difference in the composition of the two coins.

 

What's the matter with the Unc?

 

You are not correct on the American Gold Eagle. This coin is struck from the American version of what is called "crown gold". Basically it is 22 carat gold or .9167 gold. The remaining parts are 0533 copper and 0.300 silver. The coin still has the stated amount of gold which is why it weighs more than 1 troy oz.

This was the traditional alloy of gold used for coinage to make the gold hard enough to be used for circulating gold colns. (pre 1837) The only pure gold .9999 coin the US mint sells aside from the FS is the Buffalo which can be had in a bullion version. It has a bit of a premium on it over the AGE because in part, due to the higher production costs of making a pure gold coin.