First Spouse Gold Coin Sales Figures
It's been some time since I examined the most recent sales figures and mintages for the First Spouse Gold Coins. For some collectors, this series has moved off the radar, but it might be time to give the series a second look.
The First Spouse Gold Coin series initially started off strong. The first three coins sold out within less than one day and secondary market prices for the coins spiked. Subsequent releases did not generate the same amount of interest and the premiums for the first three coins quickly receded. Starting with the fourth release, the First Spouse Coins have showed a pattern of declining sales figures, which briefly broken by Andrew Jackson's Liberty First Spouse Gold Coin.
The latest sales figures for all releases are presented below. The coins which are still on sale are shown in italics.
|Van Buren's Liberty||2,773||5,078|
The US Mint has stated that they will produce and sell each First Spouse Gold Coin until the coins have sold out or for approximately one year from the release date. In practice, it seems like the US Mint is removing the oldest coin as new coins are released. Most recently, when the Martin Van Buren's Liberty coin was released, sales of the Dolley Madison coin ended.
Today the US Mint will release the Anna Harrison First Spouse Coin. To coincide with the new release, they will likely stop selling the Elizabeth Monroe coins. The coins initially went on sale February 28, 2008, so it will be just over a year. Baring a sales surge in the closing days, the Elizabeth Monroe Uncirculated Coin seems likely to have mintage of less than 5,000.
I can't recall any modern gold coin with a mintage this low. The closest is the 1997-W Uncirculated Jackie Robinson Gold Commemorative which had a mintage of 5,174. This coin currently sells for a considerable premium. Will the low mintage give collectors a newfound appreciation for the Elizabeth Monroe First Spouse Gold Coin?
It's possible, but I would add the caveat that mintages below 5,000 might actually become commonplace for the First Spouse series. Each of the uncirculated versions of the coins currently for sale remain below this level. Looking ahead, the 2009 releases might end up with even lower mintages. The coins feature relatively lesser known figures, the price of gold remains high, and there seems to be very little collector interest in the series. This will be an interesting situation to watch as the series progresses.