First Spouse Gold Coin Prices Likely To Rise
The recent London Fix gold prices suggest that a price increase will likely take place tomorrow for the United States Mint's available First Spouse Gold Coins. These coins are the only numismatic gold coin offerings currently available from the Mint.
The US Mint's current pricing policy for numismatic gold and platinum coins allows the adjustment of prices as frequently as once per week in response to changes in the price of the metals. The average price is calculated for a one week period from the prior Thursday AM to the current Wednesday AM. If the average price for the period moves into a different tier (set at $50 increments for gold coins), product prices are adjusted accordingly.
The London Fix Gold Prices for the current period are the following:
| Apr 8 Thurs AM | 1,146.50 |
| Apr 8 Thurs PM | 1,148.00 |
| Apr 9 Fri AM | 1,156.00 |
| Apr 9 Fri PM | 1,152.50 |
| Apr 12 Mon AM | 1,163.50 |
| Apr 12 Mon PM | 1,158.75 |
| Apr 13 Tue AM | 1,149.25 |
| Apr 13 Tue PM | 1,148.25 |
| Apr 14 Wed AM | ? |
As long as the Wednesday AM London AM Fix gold price comes in at $1127.25 or higher, then the average price of gold for the period will be $1,150. Available First Spouse Gold Coins are currently priced based on an average gold price in the $1,100 to $1,149.99 tier.
The First Spouse Coin prices would increase from $729.00 to $754.00 for proof coins and from $716.00 to $741.00 for uncirculated coins. These will bring prices back to their highest levels ever. Prices were previously at these levels from November 24 to December 16, 2009.
The US Mint has generally made price adjustments around mid-morning Wednesday. The current prices would continue to be available today and early tomorrow morning until the update is made.
Currently available First Spouse Gold Coins include the 2009 releases for Letitia Tyler, Julia Tyler, Sarah Polk, and Margaret Taylor, and the 2010 release for Abigail Fillmore.
Labels: First Spouse Gold Coins, US Mint
posted by Mint News Blog @ 9:54 AM
16 Comments:
Get em while you can. Melt value may be higher by the end of the summer.
Boo! I want 2010 gold buffaloes!
First spouse gold prices increasing?
If a tree falls in the forest...you know the rest.
JA
If there are many more price increases on spouse coins I believe it would increase their rarity because fewer would be sold. These are probably a long term investment coin like the '09 buffalo. Prices are just getting too high. Time will tell if the demand picks up down the road. Personally I am holding off for the 2010 buffalo but that is even in question for me as I expect them to be mint priced at over 1500 later this year.
Just to let everyone know, the Denver Mint is still selling the 09 Proof Buffalo in the gift shop.
1500 for an ounce will look cheap in a few years. Remember 250 gold?
Yeah, I remember $250 gold. Unfortunately, I wasn't buying any then. :(
I just ordered Taylor Spouse gold coins( 1 of each).Collecting this series become so expensive , but I will try to build two sets.I don't have job for now and I have to "fight" with my wife for those coins.
Listen to the wife. Stop spending her money
i agree listen to your wife! stop spending her hard earned money$$$
Hee hee, "the wife" might be happy to have some more gold in a few months.
But you're right, if the guy doesn't have a job and the wife is against it, she should overrule until such time as he is gainfully employed once again.
I decided to do the liberty head sub-set. I hope I can afford the Buchanan when it comes out in September...
John
The Buchanan liberty spouse coin may end up being the most collectable of all the spouse coins in a twisted sort of way. If the price is high enough not many will sell maybe even under 3 large. It would have a classic obverse also. That one I might take a look at if I can afford it.
The price would probably be the only factor that would stop the Buchanan's Liberty from selling most of it's 15,000 limit. I'm still thinking that the Van Buren's Liberty Uncirculated coin will be the lowest-mintage in the Liberty subset.
I'll be selling the second complete set of First Spouse proofs that I was putting together at some point, since I had to abandon it after the 2008's due to cost. I haven't decided if I will try to sell it as a complete set of 2007-2008 proofs (which includes 3 of the 4 Liberty coins) or buy an extra Buchanan proof this year and then sell the four Liberty proof coins together. Then I would just sell the remaining coins individually.
Any thoughts on which way would be best?
To the commenter above. You may have to experiment on selling your spouse coins. Maybe try selling individual coins but offer a discount if a buyer takes the whole set or several of the coins. When you get ready to sell you will have to see where demand and prices are and what your comfort level is for a sales price. Thus far spouse coins haven't generated a substantial interest like buffalos or eagles but if gold prices keep climbing you may still make good money. Personally I would keep any gold coins for at least another year or two unless I needed the money right away. Everyone's situation is different.
Does anyone know if the Mint plans to end the Letitia & Julia Tyler coins together (when the Jane Pierce is released) or stagger them six(6) weeks apart as they did when they originally went on sale?
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