Mint News Blog

News, Information, and Commentary on US Mint Products

Tuesday, July 15, 2008

First Spouse Gold Coin Sales Figures


With gold once again on the move, it's time to take another look at the First Spouse Gold Coin series.

The US Mint currently has three First Spouse Gold Coins available for sale. This includes the final issue of 2007 honoring Dolley Madison and the first two issues of 2008 featuring Elizabeth Monroe and Louisa Adams. Check out the Mint's website here.

The Dolley Madison coins are priced surprisingly close to the value of the gold content at $509.95 and $529.95 for the uncirculated and proof version, respectively. Each coin contains one-half ounce of gold. Based on today's spot price of gold, the coin premium is less than 4% for the uncirculated version.

The Elizabeth Monroe and Louisa Adams coins are priced at $619.95 and $599.95 for the uncirculated and proof versions, respectively. This higher pricing may be part of the reason for the slack sales.

The maximum authorized mintage for each of the First Spouse coins has been set at 40,000.

Here is a full table of the First Spouse Gold Sales Figures as of July 10, 2008 from Numismaster.

Unc Proof Total
2007 Dolley Madison 11,517 17,785 29,302
2008 Elizabeth Monroe 4,087 7,018 11,105
2008 Louisa Adams 2,264 3,914 6,178

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2 Comments:

At November 10, 2008 at 4:24 AM , Anonymous Anonymous said...

A couple of questions:

How long can a coin like the Louisa Adams Unc stay on sale by the Mint--is there any limit, or could they keep it on for many years--it does not appear that it will sell out at this point? If they can, is there any chance the price will drop--have they ever had a "clearance" sale?

Are there any mintage figures are the bronze versions of the first spouse coins?

Thanks for your great source of information~!

 
At November 10, 2008 at 7:54 PM , Blogger Michael said...

The only known limit on the First Spouse Gold coins is the maximum authorized mintage, which has been 40,000 for each coin. I haven't been able to find any info on how long the Mint can continue selling the coins in terms of years.

The only possibility for a price drop would be if the price of gold declines substantially. The Mint has not offered any reduced prices for circumstances other than this.

I haven't come across any figures for the bronze medals. These can be minted to demand with no maximum mintage.

 

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