Proof Jane Pierce First Spouse Coin Sold Out
The US Mint's website is now showing the proof version of the 2010 Jane Pierce First Spouse Gold Coin as sold out. These coins originally went on sale June 3, 2010.
The maximum authorized mintage across both proof and uncirculated versions was set at 15,000. As of the most recent sales report, the US Mint had sold 4,828 proof coins and 3,238 uncirculated coins for a combined total of 8,066.
The final sales for the Jane Pierce proof coin will be amongst the lowest for a proof issue of the series so far. The proof version of the Margaret Taylor coin had last reported sales of 4,787, and the proof Julia Tyler had last reported sales of 4,830.
In the past, First Spouse Gold Coins have generally remained on sale until the entire maximum mintage had been sold or for approximately one year. For the latter criteria, the sales ending date has typically coincided with the release date for a new issue of the series.
After the similar, unexpected sell out for the proof version of the James Buchanan's Liberty Gold Coin, it now seems that the US Mint has under estimated the demand for some of the 2010 issues. Since the US Mint cannot strike more of the 2010-dated coins, sales are only able to continue as long as supplies remain available.
About a week before the current sell out, a reader had noticed that the proof Jane Pierce coins were shown as back ordered on the US Mint website. At various times, this status has suggested various things, but in this case it preceded a sell out. Currently, the uncirculated version of the Abigail Fillmore First Spouse Gold Coins are showing backorder status.
Labels: First Spouse Gold Coins
posted by Mint News Blog @ 9:57 AM
24 Comments:
Regardless of the one-off sellouts, I don't see a bright future for this series, in whole or in part.
Hi Michael,
You says:
" Margaret Taylor at 4,787 and Julia Tyler at 4,787"
Should the mintage of Julia Tyler proof be 4,830?
Yes. I will adjust that.
Thanks.
Sorry for the picky edits, but I am a bit confused:
"If the final sales for the proof version of the coin remain around 4,828, this would be the third lowest mintage for a proof issue of the series behind Margaret Taylor at 4,787 and Julia Tyler at 4,830."
So is the "third lowest mintage" the Pierce or the Julia Tyler.
Also, the Tyler continues to demand high premiums even when it was not the #1 lowest mintage proof. I think it is because of the pleasing obverse and reverse.
You're right. Let me scrap the whole paragraph and rewrite.
Jane Pierce will probably be third lowest of the proof issues (so far) once the next sales report comes out, reflecting sales in the past few days.
It seems like the Fillmore's would have sold out before the Pierce's, since they've been on sale longer.
I wish the Mint would decide what the maximum mintage for the 2011 coins will be. I'm betting 10,000, at most 12,000.
If it wasn't for this site, I'd never know these things!!
I personally believe this series does have a bright future and while I am a latecomer, I now have at least one of all the 2010s now in the uncirculated version. I am anxiously awaiting Eliza and bummed that the price keeps going up! It's hard to backfill this series because the secondary markups on several of the coins is pretty high.
Watch out Julia Tyler; looks like Jane Pierce is now the next hot potato flavor of the month in the series!
Unless you have the cash, it's near impossible to keep up with the series.
We can try and guess who will be the next lowest spouse. I guess it all depends on how early the mint terminates the sale of a particular coin.
I'd be curious how many are collecting this series out of the enjoyment of them or purchasing in hopes of finding the next lowest mintage.
What happens to the Julia Tyler? Does she go down? Buying these ladies on the secondary market are like dealing with them in real life; expensive, volatile and risky investments! (Spoken like a true bachelor!)
That's why I'm sitting this series out and completing my 08 W Buffalo collection as cash permits.
Julia is still the queen with an uncirculated mintage of less than 3,000! Can you believe that? Overall total mintage is just $7,691. Ka-ching!
08 Buffalos! Talk about expensive!
I do actually like many of the designs as well as think they are good investment for the mintage. I liked the Fillmore design a great deal. The liberty designs are good too. Pierce and Lincoln were average, but not bad. Julia Tyler, Taylor and Polk were all good. I didn't care for Harrison and Letitia Tyler was average.
I like Garfield and Grant in 2011. I'm anxious to get Eliza Johnson, but I admit its for the mintage. The design may be my least favorite so far.
08 Buffalos! Talk about expensive!
Yes, but that's my pick over the spouses. It's a one and done series. The spouses, when added up, will dwarf the cost of the buffaloes making it totally out of reach for me. All that needs to happen is to have some of the new spouses come in even lower and then the current flavor of the month drops in value.
I'll give you the Julia UNC. I broke down in June 2010 and picked up a PCGS MS69 FS on eBay after reading here about the low mintage. That's the only one though.
I think the Liberty sub series is a cool collection though.
I always think about flipping a coin to buy another such as a Liberty sub series piece. I just can't get myself to part with anything!
I really like the liberty subset coins. If the Congress wasn't so politically correct, they would have done this series in gold with the presidents on the obverse and a historical scene from their term as president on the reverse. Those would be selling like hotcakes. But alas...this series is another example of liberal PC tendencies bringing down the quality and potential of a good thing.
It is getting mighty tough to keep up with this series. I wonder what lower gold prices will mean for the Spouses. Anyway any time that the mint cuts mintages short like this they create value in the coin.
Yes, the liberty subset is a great investment, but I fell asleep in 08 and missed out on Jackson and van buren. I was able to pick up a Jefferson at barely over spot. It's hard to pay 1200+ for Jackson and van buren now, so I may just have to pass.
The Buchanan Liberty UNC is still for sale and will likely sell out soon (all coins would have to be made in 2010), so you may want to consider this as well.
If we believe the Mint when they report making 13,000 of the Buchanan coins (total), that would leave a Proof:Unc ratio of about 1.28:1.
Assuming the Mint applied a similar ratio to the Jane Pierce coins, the total mintage of that design would be approximately 8,600...far less than the 15,000 maximum permitted.
That's just a guess, but I'm sure the Mint didn't strike more Uncs than Proofs...which would be the case if the total mintage reached 10,000.
I'm confident that the total mintage of the Jane Pierce coins will come in less than 10,000. If the 8,600 figure is an accurate guess, there would only be another 534 Uncs left to be sold.
We'll see...
I'm wondering if there is a serious gold shortage as I write. The Johnson issue is also on hold. Is Ft. Knox already empty?? This Spouse series will do very well, especially with these type incidents. Check APMEX for the asking price on some of the more difficult issue if you have doubts. The U.S. Mint is going back on their statement of 15,000. Go figure!
Well, the Mint never promised to produce 15,000 of each coin, they only stated that would be the LIMIT. At the end of 2010 when it appeared that 15,000 units of each would not sell, they only produced what they forcasted WOULD sell. It turns out the forecasted number was too low.
Is another increase in gold products going to occur this week?
Not likely at this point. The average from last Thurs Am to this Wed AM would have to be 1450 or above.
Bought the first two three coin sets. They are nice, but they are not MS/PR 70 nice. Although I really wanted to collect these for my 2 year old grand-kid to have something cool if and when he becomes a collector, I really can not justify the expense. I wasn't looking at these as an investment of any kind, but come one, they cost is really prohibitive.
To an earlier point, the Mint has never stated that they will produce a "minimum" number of gold spouse coins...they only state "maximum" mintages. In other words, if the mint only produces 10 gold proof spouse coins, etc., then they would still be within the mintage guidelines.
In short, if you want an coin you better get it while it's on sale because the Mint can pull the plug at any time. Yes, some try and wait for lower gold prices (I can't blame them); however, you do risk paying even more in the after-market if you do.
The 2010 First Spouse designs were finalized in mid-December 2009. The Artistic Infusion Program (AIP) delayed the final 2011 designs until the end of January 2011.
I suspect the Eliza Johnson release is TPD because the Mint needs more time to prepare the dies...just a guess.
You are dead on. I can only express my opioion, but these are very limited pure gold coins and you will see a nice return. But more importantly, these are unique designs and are beautiful! You are buying a piece of history!
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