2009 First Spouse Bronze Five Medal Set
To coincide with the release of the Margaret Taylor First Spouse Gold Coin, the US Mint will also release the bronze medal version of the coin and a complete 2009 five medal set. The products will be available December 3, 2009 at 12:00 Noon ET.
The Margaret Taylor Bronze Medal features the design of the gold coin with some inscriptions removed. The 1 5/16-inch bronze medals will be priced at $3.50 each.
Individual medals have been available for each release of the First Spouse Gold Coin series. Of this year's offerings, only the Julia Tyler and Sarah Polk medals remain available. The Anna Harrison and Letitia Tyler medals have sold out of the individual options.
The 2009 First Spouse Bronze Five Medal Set will include each of the bronze medals released for this year's First Spouse Gold Coins. The five medal set is priced at $15.95. This is an increase of $3 over last year's offering price of $12.95, although last year's set included only four medals.I have written before about the strong performance for some of the previous First Spouse Bronze Medals. Recent releases haven't experienced the same dramatic price increases as some of the 2007 releases, but the medals seem to remain popular with collectors.
The 2007 Four Medal Set has been selling for around $40 to $50 on the secondary market. The 2008 Four Medal Set has sold for around $20. This set received some attention earlier this year when a mule error was discovered pairing the Abigail Adams obverse with the Louisa Adams reverse. Sets containing the error once sold for more than $500 each.
Today on Coin Update News: US Mint Weekly Sales Report
Labels: First Spouse Gold Coins
posted by Mint News Blog @ 10:12 AM
22 Comments:
Watch. The medals will sell out before the gold.
THE WINNER IS:
The Sarah Polk uncirculated!!!???
The most sold across all First Spouse options?
Outselling the Sarah Polk proof by over 2:1???
Am I missing something???
I understand folks want to buy early so they pay less than watching gold rise. The Van B is priced way way above the original price, but why the rush on the Polk uncs? Does the $13 bump to the Polk proof make it that much less desirable?
Does the mint need new bookkeepers????
The Van Buren UNC may be a sleeper. It will be an ultra-low mintage of a nice looking coin!
The Abe Lincoln UNC seems to be outperforming the Proof.
Michael,
There is a link on CLICKCOINS at Numismatic News giving information on how to try and get the 2009 Proof Silver Eagle minted (see link below).
http://www.numismaticnews.net//article/?p_ArticleId=11232
Would it be possible for you to announce what Congressman Peters is doing as well. Any chance to get a 2009 W ASE minted would be worth it.
Thanks again!
Legislator urges Mint to coin proof Eagles
December 01, 2009
by Rep. Gary C. Peters
Summary
Since 1986, the U.S. Mint has produced beautiful proof silver and gold American Eagles every year. This popular program has rightfully gained a considerable and loyal following.
Since 1986, the U.S. Mint has produced beautiful proof silver and gold American Eagles every year. This popular program has rightfully gained a considerable and loyal following.
While I have not had the time to be an active collector over the past few years, I have a coin collection which I value and enjoy adding to on occasion. Every year, I look forward to the U.S. Mint proof set my parents give me for Christmas. When a local resident brought it to my attention that the Mint was going to suspend the proof silver and gold American Eagle program for 2009, I understood his disappointment.
The U.S. Mint has announced that “[d]ue to the continued, sustained demand for American Eagle Silver Bullion Coins, 2009-dated American Eagle Silver Proof Coins will not be produced.”
I realize that there has been extraordinary demand for the business-strike bullion versions and that the Mint is required to produce the bullion versions “in quantities sufficient to meet public demand” in accordance with the Statue of Liberty-Ellis Island Commemorative Coin Act (Pub. L. no. 99-61) and the Gold Bullion Coin Act of 1986 (Pub. L. no. 99-185).
While I appreciate the efforts of the U.S. Mint to comply with the aforementioned laws, I do not believe that this must necessarily preclude coining proof silver and gold American Eagles this year.
Interrupting this program after 23 years will disappoint thousands of collectors and damage what has become a considerable customer base. While it would likely be difficult or impossible for the Mint to coin 700,000 or more Proof Silver Eagles as they have since 2003 due to limited availability of planchets, producing a limited number of Proof silver and gold American Eagles would offer collectors continuity. This would also help to recoup the costs of producing dies and certificates of authenticity that have already been created.
The U.S. Mint could take orders for 2009 Proof versions of silver and gold American Eagles, coin as many as possible before the end of the year, and devise a fair way to apportion the coins that were minted. A lottery system limiting coins to one per individual would be equitable and ensure that as many collectors as possible could participate.
American Eagle proof coins make great holiday gifts, and I know how valued they are by collectors. I am sending a letter to Director Edmund C. Moy urging the U.S. Mint to begin coining proof versions of silver and gold American Eagles as soon as practical, and to produce them through the end of 2009.
This letter also asks that the dies and certificates of authenticity that have already been produced not be prematurely destroyed.
If you share my feelings on this issue, I encourage you to call your member of Congress and ask them to contact me and sign my letter to Director Moy. You can confirm who your member of Congress is and find their contact information at www.house.gov.
U.S. Rep. Gary C. Peters, a Democrat, represents Michigan’s 9th Congressional District in the U.S. House of Representatives.
Viewpoint is a forum for the expression of opinion on a variety of numismatic subjects. The opinions expressed here are not necessarily those of Numismatic News.
To have your opinion considered for Viewpoint, write to David C. Harper, Editor, Numismatic News, 700 E. State St., Iola, WI 54990. Send e-mail to david.harper@fwmedia.com.
IT'S OFFICIAL:
NOT ONLY IS THE PRICE OF GOLD OFF THE CHARTS, IT IS NOW OFFICIALLY OFF THE MINT PRICING GRID AS WELL.
$1,200 PER OUNCE WAS NOT IN THEIR PLANS I GUESS. TOO BAD IT'S GOING TO $1,300-$1,500 PER OUNCE VERY SOON.
Yeah, the Mint had better hurry up and extend their pricing grid! It appears quite possible they might have to make use of the $1,200-$1,249.99 tier by next week!
I'll probably by buying my Margaret Taylor gold coins this week, simply because it appears extremely likely they will cost more next week!
Man, I never thought I would have to fork over almost $1,500 for a pair of First Spouse coins directly from the Mint!
THANK YOU MR. MOY:
For about the same price as a new Silver Eagle (not available this year) I can get a "WONDROUS DIVERSITY" (SEE BELOW FOR DETAILS!)Duplicate Bronze Medal!!
Perfect for under the tree or to fit the empty spot where my '09 Eagles should be. The bronze medal has not one but two olive branches on it!! For only TWICE the price of an ounce of bullion silver @ $19/oz, (better than silver it's BRONZE)...plus shipping: FRONT OF USMINT WEBSITE:
Senator Edward William Brooke III 3” Bronze Medal (600)
Price: $38.00
Enter Quantity
Authorized by Public Law 110-260, this medal is a bronze duplicate of the Congressional Gold Medal awarded to Senator Edward William Brooke III in recognition of his unprecedented and enduring service to our Nation. Brooke was the first African-American elected by popular vote to the United States Senate and served with distinction for two terms from January 3, 1967, to January 3, 1979.
The obverse, designed and sculpted by United States Mint Sculptor-Engraver Don Everhart, features an image of Brooke with the inscription EDWARD WILLIAM BROOKE on the right side.
The reverse depicts the United Sates Capitol Building at the top of the medal and the Massachusetts State House at the bottom between two olive branches. The center of the design showcases the inscription AMERICA’S GREATNESS LIES IN ITS WONDROUS DIVERSITY, OUR MAGNIFICENT PLURALISM HAS MADE THIS COUNTRY GREAT, OUR EVER-WIDENING DIVERSITY WILL KEEP US GREAT.
Thanks again Mr. Moy!!!!
Maybe I should start stamp collecting???
Yeah...I'm looking at getting a couple proof Taylors myself. It's getting to the point that I may have to sell off some spares that I bought cheap to fund the more expensive ones. I guess December 3rd will have the last offering from the Mint that I will personally be interested in this year (unless a Christmas miracle occurs and the Mint produces some proof Eagles).
Response to Mint Grid:
The Mint updated the pricing grid to include gold up to $2049.99.
If $1200 becomes the average of the fix, then:
First Spouses: $766 and $779.
I believe platinum is in this range for the Dec. 3, 2009 coin:
Platinum Proof: $1792.
Where can you see the grid?
Well, let's hope that covers it for a while, huh? :)
I see the Mint did what I thought they would do, and simply stuck to adding $50 for one-ounce coins and $25 for half-ounce coins for each price tier. This holds the actual price level over gold value constant. By doing it that way though, the markup percentage actually SHRINKS the higher the spot price goes. For example, in the $1,000-$1,049.99 price tier, the sale price of a First Spouse proof coin has a markup over spot value of about 29.35%. In the $2,000-$2049.99 tier, the same coin's markup percentage over spot shrinks to only 15%.
I guess we should be grateful they don't take this into consideration and make the markups higher as the grid goes higher, which would maintain the much higher markup percentage. Under that philosophy, the price of a First Spouse coin in the $2,000-$2,049.99 tier would be $1,325!
I didn't even know about these medals and sets until after a couple of the first spouse gold coins had gone off-sale. Now I love them-- there's something about the simplicity of the medals with the removed inscriptions that make the designs seem that much better-- the Taylor reverse in particular is quite affecting. With the price of gold rising so much and collector sentiment for the gold coins dropping, the medals may end up being the real winners of this series.
Yeah...I had noticed and mentioned that the markup shrinks as the price goes up a while back. Perhaps the folks at the Mint weren't smart enough to determine this (government workers and all).
The problem is that it may be irrelevant since once the markup is negligible nobody will be able to afford the products anyway.
Check out the steals on e-bay.
With gold over $1200 (melt value of gold spouse coins now over $600)there are still some gold spouse coins priced below $700.
DON'T GIVE MR. MORE ANY MORE OF YOUR CASH when the secondary market is at least temporarily a better deal. There is a Jefferson Liberty UNC for under $700 COA, (real deal) and several others.
If you eliminate these "deals" from e-bay your own collection will increase in value.
HURRY!! (I am not selling anything on e-bay, but don't like theses low prices as gold skyrockets)
Depends on your goals.
Ebay is best for those that are buying for anticipated rise in gold. There are several dozen gold spouse coins on e-bay "buy it now" for less than you can get at the mint "locking in" a lower purchase price. If you are into mintages and the sorts, than that may be another story. I've heard rumors that old sell outs from '07 have been melted down making remaining numbers actually lower. Has anyone heard this?
Yes, SilverTowne melted several thousand of both proof and uncirculated versions of the first three 2007 designs, but they did not keep track of how many total or how many of each design and finish.
Eventually the 2007's might become harder to find than they are now, once most of them are owned by people who don't want to sell.
John- I have made a dedicated post to the efforts of Rep. Gary Peters related to the 2009 Proof Gold and Silver Eagles.
Anonymous-
The US Mint's pricing grid can be found here.
http://catalog.usmint.gov/wcsstore/ConsumerDirect/images/catalog/en_US/GoldCoinGrid.pdf
There were some estimates about how many of the 2007 First Spouse Gold Coins were melted. Check out:
Thousands of First Spouse Gold Coins Melted
Thanks Michael.
Don't know if it will make a difference (probably not), but it's always worth a try.
Thanks again!
Shwing! Thanks for increasing the value of my 2007 first-spouse Jeffersons, SilverTowne!!
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