Pricing for Dolley Madison First Spouse Gold Coins Announced
The Mint has just announced the pricing for the Dolley Madison First Spouse Gold Coins. These coins will officially go on Sale Monday, November 19 at 12:00 noon ET.
Pricing has been set at $509.95 for the Uncirculated version of the coin and $529.95 for the Proof version. This is an increase over the pricing for the first three coins of the series which were priced at $410.95 and $429.95 for Uncirculated and Proof versions, respectively.
The driver for the increased pricing is cost of the one half ounce of gold contained in each coin. Gold prices peaked around $840 on November 8. Since that date the price of gold has recently dropped back to $786. It is unclear what spot gold price the Mint's prices have been based on, but it was likely based on a higher spot price than today's.
The first three coins of the First Spouse Gold Series sold out from the Mint within the first day of offering. The excitement for the series seems to have cooled and many collector's are predicting that the Dolley Madison coin will have a much more difficult time selling out. The increased prices combined with the recent drop in the price of gold will only add to this difficulty.
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Labels: First Spouse Gold Coins