Info on gold first spouse coins..

..Anyone know relaese date, price, or anything?

 

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The US Mint Website gives a date of June for the first proof gold spouse coin....

 

Denomination of First Spouse coins

Does anyone know why the First Spouse 1/2 oz. gold coins will have a $10 face value? The 1/2 oz. American Gold Eagles have a face value of $25. The $10 face Gold Eagle is only 1/4 oz.

 

That's because the First Ladies bullion issue are medal-coins,like the silver & gold Eagles are.

Aidan.

 

The 1/2 oz Gold Commems are always $10 coins...in is written in the legislative articles that once signed make it into a law.

Hope that helps!

RickieB

 

There you go with "medal-coins" again... but anyway you're using somewhat flawed logic... if these are the same type of coin as the gold eagles it would not explain why their denominations are different than the gold eagles.

These are technically commemoratives, and as such are under the standing regulation that 1/2 oz gold commemoratives are required to carry a denomination of $10.

Bullion issues, such the as the gold, silver, and platinum eagles, and now the gold buffaloes, are covered by a different regulation than commemoratives, hence the differences in denominations.

 

I don't really see what difference face value makes anyway. Who cares. They could put 1 cent face value and people are still going to look at the gold content first. Gold is never going to drop into the 10-25 dollar range again anyway. I just think the face value in the ranges we've seen so far are irrelevant at best.

 

I agree that it doesn't make much difference to the value of the coin, but someone must think it's important because the face values are different from their historical counterparts (e.g. $50 for a one-ounce coin vs. $20 historically) and the fact that platinum bullion coins have a face value twice that of their gold counterparts.

 

thanks again, you are appreciated around here.

 

Any word about subscriptions to the First Spouse proof sets?

 

I don't pretend to recall all the logic behind it, but adding a face value (legal tender status) was key to the successful bullion series (SE/GE). The mont did make gold one ounce medals, and they were a flop. It was toughgoing to get a denomination put on the bullion coins, but it was apparently important for some reason.

 

Well on the plus side, even if they find a mountain in Antarctica made of solid gold and the price of gold plummets, your American gold eagle is still worth at least the face value.

Don't think that's the real reason though... gold has always been valuable, and always will be, unless a massive supply suddenly turns up. I think it's the psychological aspect mostly... making it a legal tender coin confers as sense of safety and legitimacy to it that make people more willing to buy one than they would say, a gold bar containing the same amount of gold. Plus it adds numismatic value to it, so people other than just gold investers find it a desirable purchase. Using the St. Gaudens double eagle obverse was an especially smart move; both collectors and non-collectors alike were attracted to the design.

 

So which spouse coin would be better to get, the four piece set or individuals? Wil the subscriptions be better for one or the other?

 

Depends entirely on your personal preferences and budget. The 4 piece set I imagine will be no better or worse to get than 1 each of the 4 individual ones. If you want and can afford all 4, may as well get the set for convenience's sake. If you can only afford, or only want, some of the individual ones, may as well go that route.

I kind of like the design for Jefferson's Liberty, and may go for that, if budget permits. Getting all 4 I know will be beyond my budget.

 

I got that impression from looking at artists renderings of them. I especially like the ones for presidents who didn't have wives which are going to be replicas of obsolete US coins, e.g. a capped bust obverse.

I read somewhere that the mintages of the presidential spouse coins will be on the order of 10,000. Is that accurate?

 

I think that's the minimum; they may mint more if demand calls for it. Likely these will be selling for about $400 each or so, so that may limit sales to a degree but should sell at least as well or better than the gold buffaloes. I honestly was hoping they would have made these 1/4 oz. to make it easier to collect a few, but as it is I'll just pick and choose maybe one a year or so.

 

Does that mean they won't be a limited issue?

 

The designs are better than I expected. Very nice. Have they announced a price yet?

 

"I read somewhere that the mintages of the presidential spouse coins will be on the order of 10,000. Is that accurate?"

I think it is more like 20,000 as they will sell in sets and individually. So 10,000 of each for 20,000.

 

Has there ever been a US Mint subscription program with limited production? What would the mint do if they sold enough subscriptions to take up the entire production?