First spouse gold coins and the price of gold.

My big reservation is that if the price of gold tanks these coins will lose value.

 

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these will lose value come on who in their right mind will collect a series of 40 modern gold coins

 

Yup, but if the price of gold skyrockets, they'll gain value.

In other words, if you are investing you desperately try to guess right about future prices.

Us pure collector types don't have to worry much about that. We collect what we like, pay what we feel to be reasonable at the time of purchase, and let our kids worry about where prices went between our acquisition and our some day certain death.

 

To each their own but i am no hurry to die or have kids. Speaking of which i have neve rmet any cute single ladies on coin talk. Or is this the wrong hobby for that. i dont feel this is an inappropriate comment since we are on the first spouse thread after all

 

wow spock you should write for Jay Leno. I posted this because I really would like to collect these first spouse coins but the price to do that is a stretch for me, so it is a mental back and forth.

 

Well i finally met someone who appreciates me. What say you me hearties captain spock is ready :

Danr, just do what all of us do put it on the card and then it wont be as much odf a problem going back and forth since its made of plastic its more elastic

 

spouse gold

i like the first ladies wearing those old days dresses. but i think i will not buy any of those. instead i will concentrate on am eagle silver, gold and buffalo gold.

 

first lady gold

i wish i could have some liberty bust first lady. but i did not like the reverse.

 

Well, that is the problem, also if you buy them from the mint, then you paid way too much over spot gold to start with.

 

Actually, they're a better deal than the 1/10 oz Proof Gold Eagles...
1/10 oz sells for $1049.50 equivalent spot.

If gold is $650 then your paying ~30% over spot and spot will have to go up to almost $900 before you've 'broken even'. The same is true for modern silver commemoratives...Silver spot is ~$13.50 but people are paying $35 for a Proof from the mint. That's almost three times silver spot! I don't hear too many complaining though.

The real potential for value in the FS series is going to be in the rarity of the individual issues. It's a serious chunk of change to lay down every year to continue the set! A lot of people may buy into the first few issues but get tired of laying out the cash a couple of years into it and quit collecting them. As spock1k said "...who in their right mind will collect a series of 40 modern gold coins".

Gold don't have to be old to appreciate in value:
1995 $5 Stadium = $1175
1996 $5 Smithsonian = $1425
1997 $5 Jackie Robinson = $5450
1997 $5 F.D. Roosevelt = $1025
2000 $10 Library of Congress = $3700
2001 $5 Capitol Visitors Center = $1800

JMHO

Besides...if Hillary wins the next election, I've just gotta see the Bill Clinton first spouse coin

 

Yeah, those who can actually hang in there to complete the set will have something nice in 8 years.

 

I think eventually this set trades similar to the gold $5 commemoratives after all is said and done. So my guess is out of 35 coins I would think maybe 25 will trade at near bullion prices for ms69 pr69 and the other 10 will be higher priced according to mintage and interest on each issue.

The big question is will the later years have a higher or lower total mintage of 40,000 seeing as how this year they limited it to that amount. It also depends on how people split that 40,000 between UNC and proof.

 

I never envisioned what would happen between the launch and the conclusion of the statehood quarter series. It seems that the number of coins within the mint and proof sets has gone up not just because of the extra quarters, but then the nickels and now the presidential dollars. One can only think that during the presidential series you will have the lincoln cent anniversary, and God only knows how many other multi-coin series.

It's gonna be interesting to see how far the mint can push this envelope while still keeping the collectors in a buying mood.

 

I did purchase the commems on schedule if I had the resources. I was primarily interested
in the design, the commemoration, and the arrangement of the set, technology, etc. There were also some
interesting rarities, such as the FDRs and J. Robinsons. On the other hand, the Constitution and Rushmore
half-eagles are beautiful designs. I didn't bother with grading.
I think many will focus on similar aspects of the collection, and defer the investment possibilities.
At least that's how I imagine most collections get a start. It may happen that some of the commems
suffer because of sales of the 1st spouse set

 

I think some of the gold commems are beautiful coins. Some from the 1980s are very affordable because the mintages were high, and frequently sell close to melt value. The Constitution coin design is great, and 1988w Olympiad $5 commem is one of my favorites.

 

how about that one

 

Absolutely! I purchased one Pr and Unc of each J. Robinson Issue, and just a year ago found
that the Unc. half eagle was quite valuable.

 

I thought the mint assigned $25 denomination to half ounce gold pieces. Why do these have a $10 denomination? Or am I missing something?

 

Maybe because that's what Congress specified in the law concerning them, and the Mint decided to play along?

 

I would look at the exchange rates and see that the U.S. Dollar is sinking rapidly. I do not imagine all gold used by the mint comes from the U.S. . Canada 94.5 to the dollar, Australia 84.1 , pound 1.99 . Looks like we have been printing a bit of green backs.