Proof James Buchanan's Liberty Coin Sold Out
According to the US Mint's website, the proof version of the James Buchanan's Liberty First Spouse Gold Coin has sold out. This is very unexpected as the coin has not reached the maximum authorized mintage and has only been available for about five months.
Although the proof version of the coin is sold out, the uncirculated version remains available for sale.
The maximum authorized mintage for the James Buchanan's Liberty coin was set at 15,000 across both the proof and uncirculated versions, with the ratio determined based on customer demand. As of the latest US Mint sales report, sales had reached 7,317 proof coins and 4,461 uncirculated coins, for a combined total of 11,778.
The general policy of the United States Mint for the First Spouse Gold Coin Program has been to allow sales of each release to continue until the maximum authorized mintage has been sold or for approximately one year, whichever occurs first.
During the course of the series, there were only three releases that sold out of the maximum authorized mintage- Martha Washington, Abigail Adams, and Thomas Jefferson's Liberty. Otherwise, sales were generally allowed to continue for the period of "approximately one year." In practice, sales for a particular issue would typically conclude to coincide with the start of sales for the issue one year ahead in the schedule.
There were two instances when sales ended earlier than expected. Sales of the proof version of the Andrew Jackson's Liberty Gold Coin ended about two weeks before the Sarah Polk coins went on sale. The second instance was for the Julia Tyler First Spouse Coins, which saw sales conclude after about ten months. This was because there were five coins issued in 2009 and four issued in 2010. To put the schedule back on track, the US Mint ended sales of both the Letitia and Julia Tyler coins when sales of the Jane Pierce coins began.
Sales of the James Buchanan's Liberty Gold Coins had been stronger than usual for the series due to the classic depiction of Liberty used on the obverse. The coin also represented the final issue of the "Liberty Subset". The four coins included use images of Liberty from classic U.S. coins since the Presidents served in office without a spouse.
Coin Update News: Latest US Mint Sales Report
Labels: First Spouse Gold Coins