Andrew Jackson's Liberty First Spouse Gold Coin Sold Out
The Andrew Jackson's Liberty First Spouse Gold Proof Coin is now sold out at the US Mint. The sell out happened recently and is somewhat unexpected.
The proof version of the Andrew Jackson's Liberty Gold Coins were last available for $629.00 per coin. The uncirculated version of the coin still remains available for sale at $616.00 per coin. The coins first went on sale August 28, 2008, making the sell out almost two weeks earlier than the one year mark.
The US Mint has stated that each First Spouse Gold Coin will remain on sale until the maximum authorized mintage has been sold or for approximately one year, which ever occurs sooner. For the first three releases of the series, the combined maximum mintage of 40,000 coins was sold on the opening day of sales. For each subsequent release, the coins have not reached the maximum mintage and have remained on sale for the one year period.
In practice the US Mint has used the start of sales for a new coin to mark the end of sales for an older coin. This schedule is somewhat thrown off this year, since there are five coin releases instead of the usual four. It was widely expected that the Andrew Jackson coins would be taken off sale on September 3, when the Sarah Polk coins went on sale.
The most recent sales report indicates that 7,749 of the proof version of the coin have been sold and 4,459 of the uncirculated version of the coin have been sold. These numbers come in above the levels set for the prior coin featuring Louisa Adams. Many collectors have favored the "Liberty" releases of the First Spouse series, which feature reproductions of classic coin designs. Although the mintage is higher, there will likely be additional demand for this issue from collectors who assemble the "Liberty" subset.
It will be interesting to see how the Andrew Jackson's Liberty proof coins perform on the secondary market. Unexpected sell outs have tended to perform well, since dealers and collectors don't have the opportunity to place their final orders. There are only a few Andrew Jackson's Liberty coins currently listed on eBay.
Today on Coin Update News:
Professional Life Coin Exchange in Washington DC - by Les Peters
James K. Polk Presidential Launch Ceremony - August 20, 2009 in Columbia, Tennessee
Labels: First Spouse Gold Coins