First Spouse coins available to order

This series lasts for many years. I agree that the prices will come down in time in the secondary market. I also think that the hype will die down in years to come and you may see the mint not even selling the maximum mintage. But if the high interest continues(likely not) they will raise the mintage in years to come. Why would they let all the flippers make all the money. If they mint them to demand, or lets say a 50,000 for each coin, the mint would make a fourtune.

Just my 2 cents. Worth about a cent and a half.

 

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The mint is able to raise the mintage for future years and I'm sure they will.

 

give me a link on that (I think that is inaccurate)

 

I am pretty sure ND86 said that earlier, that the 40,000 was just for the first year. BTW I saw these designs for next year, they may be even better than this year.

 

wow i mean wow they look amazing

 

These are some of the nicest looking coins I have seen from the US mint in a long time. As for the mintages it is usually in the legislation and they usually do not let the mint decide total mintages on issues like these.

 

‘‘(5) ISSUANCE OF COINS COMMEMORATING FIRST SPOUSES.—‘‘(A) IN GENERAL.—The bullion coins issued under thissubsection with respect to any spouse of a President shallbe issued on the same schedule as the $1 coin issuedunder subsection (n) with respect to each such President.‘‘(B) MAXIMUM NUMBER OF BULLION COINS FOR EACHDESIGN.—The Secretary shall—‘‘(i) prescribe, on the basis of such factors as theSecretary determines to be appropriate, the maximumnumber of bullion coins that shall be issued with eachof the designs selected under this subsection; and‘‘(ii) announce, before the issuance of the bullioncoins of each such design, the maximum number ofbullion coins of that design that will be issued."

PUBLIC LAW 109–145—DEC. 22, 2005

 

I'm pretty sure that's where I got it but I can't check because all of ND86's posts have been deleted. However, as a general principle, the legislation authorizing the minting of coins doesn't specify the quantities. Quantities are determined by the Mint. My understanding is that each year's production is geared to estimated demand.

The original authorizing legislation says this about the production numbers:

MAXIMUM NUMBER OF BULLION COINS FOR EACH DESIGN- The Secretary shall--
(i) prescribe, on the basis of such factors as the Secretary determines to be appropriate, the maximum number of bullion coins that shall be issued with each of the designs selected under this subsection; and
(ii) announce, before the issuance of the bullion coins of each such design, the maximum number of bullion coins of that design that will be issued.

The production numbers are determined for each design. The only requirement is that the numbers must be announced before the coins are issued.

 

Here is the latest email from the mint. They moved it back again.

Greetings from the United States Mint.
We regret to inform you that the item(s) listed below
are currently on backorder. Please expect your item(s)
to arrive within the timeframe listed below.
Track your order at http://catalog.usmint.gov
Thanks again for shopping with the United States Mint.

Order #: 25426xxx - 1
Sold To : xxxxxxxxxxxxxxxxxx
Ship To : xxxxxxxxxxxxxxxxxx
Item: X03 Qty: 1 Exp Ship: 7/16/07
2007 FIRST SPOUSE GLD PRF (AA)

This is a system generated e-mail. Please do not reply.
If you have questions, please visit the Help page at .
http://catalog.usmint.gov or call us at 1-800-USA-MINT.

 

I got the same email

 

So did I. My heart sank when I saw the words "We regret to inform you........". Those words have not often been followed by good news in my experience. In this case, it seems like an unfortunate choice of words for a routine message.

 

interesting, thanks for pointing it out.

 

OMG i didnt get the email but my order number for my second order is 25436XXX so i wonde rif that order will be fulfilled?

 

Interestingly enough my MW is still scheduled for 7/10 and was unchanged from the previous day. The email was only for the AA. I ordered one proof of each. Do you have the time your order was placed (on your email receipt)?

Also FYI to all, I am strictly a collector and never had an intention of selling them on fleabay. (although the thought crossed my mind )

 

i ordered mine at 3:12. FYI to all ithe thought has crossed my mind and i will prolly sell the extras if i get them to the highest bidder it will be my first coin sale ever but i need th emoney to keep funding these

 

My receipt was time stamped 12:28pm.

 

I read this article on the sales of these coins:

"The Mint says it accepted 25,000 orders from eager buyers in the June 19 sellout of the first two gold coins in the First Spouse series. The Mint says the average accepted order was for three coins. The speed of the sellout surprised the Mint. A spokesman said demand for the coins exceeded the Mint’s most optimistic forecast. "

So according to my math 25,000 orders times a three coin average is only 75,000 coins when the sell-out amount should have been 80,000 coins.

It also says "The Mint said 8 percent of the orders received were attempts to evade the household limits and would be cancelled."

So they cancelled roughly 2000 orders before ending up with 25,000. :vanish:

Anyway I think these numbers are off somewhere, but it sounds like if the average is around three then nearly all of us should get our orders filled eventually.

 

If the order numbering system is accurate, then everyone within the first few thousand orders should be OK.

 

dont hold ur breatha nd if u have coins i would flip them on ebay while the going is good