Eliza Johnson First Spouse Gold Coins
Today at 12:00 Noon ET, the US Mint will begin sales of the Eliza Johnson First Spouse Gold Coins. This release honors the spouse of the 17th President of the United States.
The obverse design features a portrait of Eliza Johnson designed by Joel Iskowitz. The inscriptions include her name, order and dates of the Presidential term, "In God We Trust", "Liberty", the date and mint mark.On the reverse is a scene from a children's ball organized by Eliza Johnson for her husband's 60th birthday. The image includes three children dancing and a Marine band fiddler playing. The reverse inscriptions indicate the legal tender face value, weight and fineness of the gold content, "United States of America", and "E Pluribus Unum". The reverse was designed by Gary Whitley.
The US Mint has set a maximum mintage of 15,000 coins across both proof and uncirculated versions. This is the same level that was used for last year's issues, except for the Mary Todd Lincoln coin, which was limited to 20,000. There have been no First Spouse Gold Coins to reach the maximum mintage since the first year of the series in 2007.
Pricing has been set at $929.00 for the proof version and $916.00 for the uncirculated version. This is based on an average gold price within the $1,500 to $1,549.99 range. Pricing may be adjusted weekly based on changes in the gold price. There are no household ordering limits in place for the release.
Along with the 2011-W Uncirculated Gold Eagle being released today, this will be another interesting coin to watch. There are a number of factors that will possibly lead to low sales and low mintages.
The Eliza Johnson First Spouse Gold Coin is being released after a two month delay. Providing a similar delay is not experienced for the first 2012 issue, this should shorten the period of availability for collectors. If an earlier sell out does not occur, the US Mint generally ends sales to coincide with the release of the corresponding issue in following year.
Initial pricing for the coins will be the highest on record, with an increase of $75 from the last release. The escalating cost of the series may cause attrition to the collector base.
Lastly, many collectors have expressed negative opinions about the design. This is the first reverse design for the series that does not include an image of the spouse (with the exception of the Liberty subset coins issued for Presidents who served in office without a spouse). Holding a children's ball was also less historically significant than some of the other things Eliza Johnson did in her life. The US Mint clearly struggled with the designs for this particular coin and had to create a second set of design candidates, after criticism of the first design set for historical inaccuracies.
In general, the First Spouse Gold Coins that have performed best on the secondary market have had both low mintages and designs which collectors find pleasing. There seems to be a small but dedicated following for the entire series, but additional demand and higher prices for particular issues that meet these criteria.
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Labels: First Spouse Gold Coins
posted by Mint News Blog @ 8:05 AM
51 Comments:
with gold and other metals hitting new recent lows. why should we buy the new products from the mint?. the mint need to lower another bracket down to prevent returns. 2011w AGE unc at $1,728.00 a piece. and it is still very expensive.
low for today:
gold $1,478.20
silver $35.67
platinum $1,752.00
palladium $698.00
DON'T BUY NOW,GET IT CHEAPER LATER GOLD/SILVER JUST LIKE THE STOCK MKT. HEADED DOWN
I'll be waiting at least a week on this one. Maybe we'll luck into a price drop next week if the correction can hold for a few days.
Well all this time you couldn.t buy any 2010 or 2011 annual coin sets.
It looks like the Mint has keep the price as it was before when they stopped to reprice sets.
Or am i wrong.
I am surprised that Old-Lady Fillmore is still available in proof, the mint must still have a few copies of her hanging around. I was under the impression that her coin would be history after the release of the Johnson FS coins. The mint surely works in mysterious ways.
TMM
The Fillmore is no longer available. It's listed as sold out.
I don't know whether to order the Eliza Johnson now or wait until next week because of a possible price adjustment. The risk in waiting is it might cause you to get someone's returned coin.
Thanks for the correction on the Fillmore sellout - I spoke to quickly...
Regarding the The FS series; The collection will be a huge winner for many reasons including : It is historic, it commemorates Women, the mintages are for the most part are relatively low, they are pure gold (.999 is close enough for me), demand and the collector base will likely increase (admittedly this is a subjective viewpoint), the series is very very controversial. Any FS supporters, please feel free to chime in with additional reasons. I have been collecting the FS series from the beginning of the series, and I will (hopefully) be collecting them until the end of the series.
TM
TM--
I agree that FS coins will always have value...melt value. Beyond that, there's no making silk purses out of these sows.
Having the complete FS collection in the end will be very impressive. However, finding someone to sell it to AS a complete collection would likely be very difficult. Outside of a museum of some sort, I don't know how many interested individual collectors would have the cash to do it!
I am surprised the descendants of Eliza Johnson have not sued the mint for this terrible design.
Gold prices are falling , wait to buy in a month or two and you will save a hundred dollars.
I will wait and play the pricing game. Gold is tumbling and we may see at least 1 more price drop at the mint, maybe even two. So if I can save a few bucks, why not.
As far as the FS's being dogs, for each is own. It is a set, with some coins better looking than others, just like most sets.
I will wait. Even limited mintage coins. They can get cheaper
As much as I loathe these ghastly first spouse coins, they promise to be an affordable investment when the series ends because gold will again be trading around $400/oz by then
platinum and palladium should go down further. at least $50.00 to $100.00. these two metals has no good news about them. why they follow the gold and silver went up. while gold and silver should recover somewhat. platinum and palladium should go down further.
further down for gold and silver. latest low for today.
gold $1,461.80 down 7.4% from this year high to this year low.
silver $34.56 down $30.7%
platinum $1,752.00 down 7.1%
palladium $698.00 down 12.9%
I would imagine that the only ones buying the Eliza Johnson coins today are those who are obsessed with the silly "First Strike" designation and those terrified of receiving a returned coin if they wait too long to order. However, you won't receive a returned coin if you order in the second week, as there won't have been enough turn-around time for that to happen.
I'll wait to see what happens to the prices next week at least. Unfortunately, the first two fixes for next weeks' calculation are on the high side at $1,514.50 and $1,511.00. I only hope the correction gets deeper and there is no rebound back above $1,500 by next Wed. PM, or the average won't even matter!
I'll bet the Mint wishes they had sold the 2010-P America the Beautiful 5 oz. coins as a 5-coin set on 4/28 now! How can they justify an opening price of $279.95 for Yellowstone now, given the current silver spot price? They could have locked in that price per coin in a 5-coin set, and that probably WOULD have sold out in the first week before the price drop!
Greed will get you every time.
Ha, ha. The way silver is dropping, Yellowstone might be priced at $179.95.
Gold and silver down....
What's changed with the fundamentals? Absolutely nothing!
The debt rating of the USA will be downgraded at some point as congress is spending our money like drunken sailors. The FED is printing money with reckless abandon. The economy is in shambles. Unemployment is high.
This is a very obvious sign of manipulation (although silver was a bit high). In the end, the dollar will default (based on the comments above), and PMs will soar (based on the value of our overprinted fiat currency).
In short, it's a great time to average down. Gold and silver are both still higher than they were at the beginning of the year, and we still have 8 months to the end of 2011. JMO.
@ Coasterfan , As per Michael posted >> No the Mint cannot lower the price of this coin on Thursday. The price would need to be lowered via publication in the Federal Register, which would take several weeks.
Anyways, pricing was established when the market price of silver was around $40 per ounce.
If gold drops enough that I can snag one for about $850, I will do it. Those who think gold is dropping to $400, or silver back to $10, are just kidding themselves. This is simply like what happened in 2008 when PM speculators had to quickly raise cash to cover their paper positions. Take advantage of the dips, don't worry if it drops a little more after you make a purchase, and be patient. The fundamentals have not changed. Three countries just bought $6 billion worth of gold.
So I ask myself are we being cherry picked by Dillion Gage? When I purchased my ATB coins from them, they promised delivery in 4 to six weeks after takeing my funds. I called and they said we are in the process of putting together order.
I was hopeing to get a few select coins. It seems as if we are all being taken for a ride.
Instead of slapping a phony "sold out" tag on them, at this point the Mint should have simply sold whatver Abigail Fillmore proof coins they had left until they were really gone.
I wonder how many unsold ones they had left? It's funny how that was the only one of the first 3 2010 coins they OVERESTIMATED how many would sell, and that was with an extra two months of selling them to boot!
Sorry to change the subject but my ATB set from CNT is amazing! They are all DMPL's easy. Easily the best of the six sets I purchased. I like the gold eagle but will watch the mintage figure before I make the plunge. We have the buffalo coming too. With all this gold coming out even with it dropping I think we will have low mintages for these offerings. Who can buy all of them?!
The 2010 Proof Buffalo should finally be put out of it's misery when the 2011 version goes on sale.
Eliza is setting up nicely to be the lowest mintage FS yet.
1. All the focus has been on silver lately
2. The uncirculated gold eagle just came out to compete for collector's gold appetite
3. The gold buffalo proof is coming out soon
4. Gold eagle proof coins came out not too long ago
5. Interest in the FS series looks to be at an all time low
6. The design is not well received or highly regarded (this could drive mintage down, but could also lower demand permanently too. It will be interesting to see what trumps what. Lower mintage or undesirable design).
oh, I forgot
7. The next FS coin coming out will be at a shorter interval than usual.
You make excellent points, Mr. 4:08!! Let's just hope gold keeps going down so we can get a good deal as I won't pay close to a grand for it.
just got a e mail from APMEX that my ATB's have been shipped
We are pleased to inform you that your order has been shipped via UPS (United Parcel Service).
Anyone know is that 2 day service ?
yes it is 2day service, i got e-mail from them too.
My APMEX says "ordered pulled."
Today my 2010P ATB HS has been shipped ( ordered at 1:40PM 3735xxxx). My second order 3734xxxx is in process.
@
yes it is 2day service, i got e-mail from them too.
May 5, 2011 5:40 PM
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WTF !
My tracking number from APMEX says it will be delivered next wedesday
UPS ground
Also my ATB from the Mint went out today same way UPS Ground but no delivery date yet
I made by mint order over 300.00 so it would not go through the Postal Systems smart post which has no tracking
Mint uses UPS on orders over 300.00
+ you must sign for it
Sorry bud, like i said mine said 2day ground, and the tracking says, it should be here Monday.
My ATB coin was also ship today from mint by UPS next day air., should be here tomrrow, which is friday.
looks like the 2011 silver proof set is available again. did the price go up? cannot remember its original price.
I wouldn't count on Eliza being low mintage for a spouse. They have already minted these as there is no backorder on them. So they may well have minted them to at least 75% or so of the MTL mintage.
Also, while some of these did sell out in 2010. Most just reached their 1 year sale cut-off.
Does anyone know if they are required to melt the remaining pieces.
Gold and silver cannot remain so high in orbit for so much longer. A number of freak factors make gold high. First, we have the most severe recession since the 1930s. Second, the US is engaged in 3, yes 3 wars. Third, wealth is being equalized more between China and the US, the dirt poor in China are finally getting to have a more civilized life and the US is declining proportional to China but as tough as they are, most of our living standards still exceeds China by a long shot. Without change in trade laws, America will get a lot poorer before equilibrium is reached. These 3 factors will not last forever, and gold and silver will eventually go down. For investment purposes therefore, the rarity of the coin will be the target. And in this day and age, where most of us cannot afford these trinkets, mintages will be comparatively lower than in the past or future.
Therefore, if I can I will buy.
ATB 5 oz melt value as low as $167.25 today. and a set of five as low as $836.25. based on $33.45/oz.
if we based on $18.00/oz few months back. the ATB melt value is only $90.00. and a set of five is $450.00.
Slightly off topic - the mint is selling silver proof sets again. No price increase, of course! :) But the 2010 sets remain at the elevated price.
Just got my ATB from the mint UPS next day air.300.00 + order
The set from APMEX is UPS ground and is to be here in a couple days
Please no more rediculous posts about whether or not your APX or Mint orders have shipped. I for one don't care. What's the hurry? Selling them already? Geeesh!
Just recieved 2010p ATB from the mint. Sent it back. Big scratch on Washington's cheek.
Silver and gold are on the way UP again, I knew it wouldn't take long, I am going to reorder my cancelled ATB 5 oz.
it will be more return and cancel for the 5 oz 2010p ATB silver coins. the quality is terrible.
If you knew it wouldn't take long. why did you cancel in the first place. You were duped by the deceptive flippers who want more coins.
How can one judge the quality of all coins from one buyer? I expect to see a lot of MS-69 and MS-70 coins soon. Especially since they won't be that silly PL finish.
@
Just recieved 2010p ATB from the mint. Sent it back. Big scratch on Washington's cheek.
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I got my ATB this morning and was a real beauty looks like a MS 70
I can't find one ding on it and the finish better then the bullion ATB's
I got my ATB Hot Springs today. It was pitted badly. Washington looked like he had acne.I returned it already to the post office.
most people owned first four first spouse 1/2 ounce gold. and became very disappointed. because all these four type were trading at bullion value. unlike the rest of the series. there are a huge premium attached on it. but unfortunately. most people do not have them. from 2008 to 2010. first spouse commanded a hefty premium. julia proof or unc even almost hit $2,000.00. the lower retail price is about $1,200.00 each. again except 2007's at bullion value. bullion retail price for 2007's first spouse is around $900.35 each
additional to the above:
all first spouse coins must have box and c.o.a. without it. heavy discount will apply.
I used to have a store on Ebay and sold plenty of coins including several sets of First Spouse Coins; most of the coins were slabbed and I felt it was space-consuming to store all the boxes and C.O.A.'s and yes found that most buyers did request the box and C.O.A.; for me as a collector/investor what matters the most is the coin and the letters and numbers MS-70/PR-70 typewritten on a label inside a plastic slab: The slab attests to the fact that the coin is authentic; the box, well let's say I went green and recycled 'em all.
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