Will Rising Gold Cause a Dolley Madison Sell Out?
The Dolley Madison First Spouse Gold Coin has now been on sale for one week at the US Mint. Unlike the first three issues of the First Spouse Series, Dolley Madison sales seem to be having trouble gaining momentum. I had explored some of the possible reasons in a previous post. There are a few upcoming factors which may spark increased interest in the coin.
The price of gold has risen sharply over the past week. When the coins first went on sale, the price of gold was roughly $775 per ounce. Today gold has risen to over $830 per ounce. Since the First Spouse coins contain one half ounce of gold, a large component of the value is based around the price of gold. If the price of gold continues to rise, the Dolley Madison coins will become a better relative value than when first released.
The ordering limit may be lifted. The US Mint is currently imposing an ordering limit of one coin per household. Each household is only allowed to order at maximum one uncirculated coin and one proof coin. This ordering limit is in effect for the first week of release, after which point the limit may be adjusted or removed. Around noon today, we should see if the ordering limit is adjusted.
Dolley Madison First Spouse Gold
Labels: First Spouse Gold Coins