First Spouse coins available to order

I vote for the pets. There have been some ugly kids produced by our late presidents. : )

 

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This really blows. I bet that dealors have 50-75% of these coins. The real collectors will have to pay extremely high prices. I bet they come down in price in time.

 

Just think , when the coin vault dude gets on tv and says these coins were "sold out in less than 2 hrs from the mint" he will not be lieing for one time in his life.

 

This is insane. These first spouse coins going as quick as they have will perk the ears of Congress, and you can bet that they'll push for an extra commemorative program or two. Anything to make more money for pet projects.

 

You raise an interesting question. Who gets the profits from mint products? I know that commemoratives often have designated beneficiaries (like the Old SF Mint) but what about routine issues like Presidential dollars or First Spouse coins?

 

Hey now, this is innovative:

Add a $1 coin and increase the price by $1,000!

GOLD $1 George $10 Martha Washington First Spouse 2007</IMG>
Get Both: Washington Dollar and Gold First Spouse Coin!

 

Those guys are jumping the gun. My bet is that the mint gives one coin each and spread them out among those on the waiting list. This guy will not be able to fill that order. Also the $1500 buy it now will prove pretty low.

 

We need information from our friend ND86.
I'd hate to see the mint resort to more shenanigans with confirmed sales, however.

 

I'm collecting these and I would not mind seeing a limit of 1 coin on future issues (and I bet every collector here agrees with me). If you have any pull with the decision makers mention that a 1 coin limit would be the most pro-collector thing they could do.

 

That is the exact reason I did NOT buy any of these. When all the furor dies down, I don't think anyone's going to really want them! I buy almost all the Mint's new products. I don't want my great-grandkids someday cursing my name becasue I was too short-sighted to buy some of these products. (They'll have plenty of other reasons!) I intentionally stayed away from this one because I thought this was going to happen. The speculators and big guys with a dozen different mailing addresses gobbled them all up. The thing about it is that when you buy something like this solely for profit...you still have to find someone willing to buy them. Of course there's no proof that I'm right yet...quite the opposite!

 

Why not just increase the production? The mint could make them to demand the way they make bullion coins. Speculation is driven by the low production limits. I personally am interested in collecting these. I think, individually, like the presidential dollars, they are not that interesting. But put together as a set, they are quite interesting and the special issues (for the missing spouses) will be quite beautiful as well.

It is beyond me why these were specified to be made in 1/2 oz gold which is so expensive. The series would have been just as interesting made as silver dollars (and more room for the designs, also)>

 

If the limit were 1 per address, they would have only gotten 12 instead of 60

 

I think a limit of 5 for all four might have worked too but 5 per proof and UNC for the two adds up to 20 coins per household, not 5. If some coin company has a lot of workers and friends they can buy up hundreds of coins and that works against the average collector. With the TV guys and the many websites doing this no wonder it sold out, not that this should have come as a shock after the subscriptions were canceled. Still I guess it is better to have coins that are popular and wanted rather than duds, funny how no one wanted them earlier and yet they sold out in three hours.

 

first spouse gold

the institutional grabs all the first spouse gold coins. anyway, i will not buy any from them.

 

first spouse gold part 2

it seems the institutional already set the key date for this series. so don't buy any of the rest of this series. let's don't buy it at the second market. the institutional fingers will be burning.

 

Subscriptions with ONE per household is the only fair way to go!

I am a collector and was interested in collecting this series. I had a subscription for ONE set but after the Mint canceled it I lost interest and gave up. I knew that by canceling the subscriptions the Mint did exactly what they were trying to avoid, create artificial demand and an instant rarity. I still don't understand why they canceled the subscription program instead of just limiting it to ONE?

 

I also had my one subscription canceled and was very upset about it.
However, I think I can understand the rationale that if the subscriptions were sold out immediately, then the entire series would be closed to future buyers. I think the original limit (which I believe was 10 per buyer) was thought to be too high.

This was a situation where I don't think there was a really good solution since minting more coins isn't an option (apparently).

 

I expect the long-term aftermarket prices of these coins is going to be a lot more favorable to collectors than the short-term. Right now, everyone is trying to flip them quickly to make a profit on the anticipated "feeding frenzy".

I expect they'll be selling just over melt in a few years.

Besides, I'd rather pay the money to get a nice Liberty or Indian Eagle than pay way over melt for a modern bullion piece.

 

scam exist

scam exist at ebay. the same seller. they even bought some on june 17 @ $599.00 while people can buy it on june 19 at original price. june 19 is the first day the mint offer to sell for us. beware.........

 

These are presales. Not necessarily a scam.
The listings you are referring to did not result in sales.
Presumably they were withdrawn, perhaps, because the seller didn't get any coins to sell.