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SilverTowne Melts Thousands of Gold First Spouse & Commems
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<p>[QUOTE="dreamer94, post: 343605, member: 6449"]There are apparently a lot of collectors out there with millions of dollars to spend. Every issue of Coin World has advertisements or post-sale notices for coins costing hundreds of thousands of dollars. Dropping $20K or so for a beautiful collection of gold coins might not seem out of line to someone in that league. </p><p> </p><p>Just imagine an article in the 2020 issue of Coin World: <i>"The First Spouse coins have an odd history. Initially the subject of frenzied speculation, the first 3 issues of this series set records for the fastest sellouts of any mint product in history. However, as collectors realized that the frenzied buying was mainly speculators looking to "flip" the coins for a quick profit, prices took a nosedive and the coins in the series became white elephants. Simultaneously, the price of gold soared in 2007 and 2008, causing a large number of these coins to be melted for their bullion value. Today, few examples of the early issues exist and complete sets are extremely rare, bringing 6 figure prices at auction."</i>[/QUOTE]</p><p><br /></p>
[QUOTE="dreamer94, post: 343605, member: 6449"]There are apparently a lot of collectors out there with millions of dollars to spend. Every issue of Coin World has advertisements or post-sale notices for coins costing hundreds of thousands of dollars. Dropping $20K or so for a beautiful collection of gold coins might not seem out of line to someone in that league. Just imagine an article in the 2020 issue of Coin World: [I]"The First Spouse coins have an odd history. Initially the subject of frenzied speculation, the first 3 issues of this series set records for the fastest sellouts of any mint product in history. However, as collectors realized that the frenzied buying was mainly speculators looking to "flip" the coins for a quick profit, prices took a nosedive and the coins in the series became white elephants. Simultaneously, the price of gold soared in 2007 and 2008, causing a large number of these coins to be melted for their bullion value. Today, few examples of the early issues exist and complete sets are extremely rare, bringing 6 figure prices at auction."[/I][/QUOTE]
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