If Martha Washingtons start selling for multiples on eBay, will you buy Abigail Adams?

flaminio · February 20, 2007 5:52AM

BECOKA · February 20, 2007 5:56AM

I give this series 5 years and then the prices will skyrocket. Not sure Martha will go up in time to answer your question but my answer is yes either way because it is gold.

ziggy29 · February 20, 2007 5:59AM

The minute I do that is the minute that speculation on new Mint issues ends and prices collapse.

RYK · February 20, 2007 6:06AM

<< The minute I do that is the minute that speculation on new Mint issues ends and prices collapse. >>

Then, do it. I will sponsor you.

My personal experience is that when something works, the follow-on may work a little but not as well, and the subsequent follow-ons do not work at all.

Longacre · February 20, 2007 6:10AM

I have a problem paying multiples for a bullion issue. A little premium is fine, but an excessively large one is not, even if the "mintages" are low. I am not a collector of these types of coins, so maybe someone with more experience can provide a more sound basis and analysis.

ziggy29 · February 20, 2007 6:13AM

<< I have a problem paying multiples for a bullion issue. A little premium is fine, but an excessively large one is not, even if the "mintages" are low. I am not a collector of these types of coins, so maybe someone with more experience can provide a more sound basis and analysis. >>

Well, I believe member ericj96 has done about as fine an analysis as can be done in that area, so if his musings leave you unconvinced, IMO you'll never be.

I don't remain fully convinced, either, mostly because these "low mintage" coins will have a nearly 100% survival rate for decades in pristine condition. But I could be wrong, and he has made a few points I think are worth considering and are hard to completely dismiss even for someone who's mostly a classic bigot like me.

291fifth · February 20, 2007 6:19AM

No. I have no interest in the series.

ricko · February 20, 2007 6:27AM

No, not now, not later, never. Cheers, RickO

basestealer · February 20, 2007 6:27AM

If it's any consolation, Martha and Abigail were both dogs. Dolley Madison was hot--when she comes out I'm going to buy a load of them. Good luck with the series

BECOKA · February 20, 2007 6:36AM

<< Well, I believe member ericj96 has done about as fine an analysis as can be done in that area, so if his musings leave you unconvinced, IMO you'll never be.

I don't remain fully convinced, either, mostly because these "low mintage" coins will have a nearly 100% survival rate for decades in pristine condition. But I could be wrong, and he has made a few points I think are worth considering and are hard to completely dismiss even for someone who's mostly a classic bigot like me. >>

Most will survive but the issue is supply and demand. Will there be more collectors than coins available. If the mintage is small and someone down the road decides to collect this series then he/she will have to pay a premium to fill that spot.

Thats the beauty of a series like this because it gets panned at the beginning and then all of a sudden everyone has to collect it. Look how long it took for the platinum eagles to catch on. There is finally a larger collector/investor base than coins available.

RedTiger · February 20, 2007 7:04AM

This happened with the 1999 and 2000 proof sets. The 1999 did well so a lot of people loaded up on the 2000's. The latter trade for about issue price these many years later, the former is still a big winner.

I might be tempted to buy a few of these gold coins if the economy goes into the dumpster and I can afford to buy. Unemployment rate at 8% or more would be a good time, though if that happens a lot of classic coins will go begging as well and may seem like a better deal.

Barndog · February 20, 2007 10:11PM

no interest

BobaFett72 · February 20, 2007 11:24PM

less than zero

interest

aficionado · February 20, 2007 11:32PM

<< If Martha Washingtons start selling for multiples on eBay, will you buy Abigail Adams? >>

The way I understand it, ALL the First Ladies will be released at the same time. Both Unc. and Proof, 8 - 1/2 oz coins - 4 oz's, costing atleast $2800.

Plus, we don't know mintage. How long will they be on sale? Until December??

These are not like the $1 coins that will be offered until the next Prez is up.

Thus, it will be hard to determine which coin(s) will be winners.

LanLord · February 21, 2007 12:08AM

Are they only going to be available in PROOF or will there be both UNC and PROOF versions?

TheRaven · February 21, 2007 12:16AM

Proof and UNC versions will both be available.....

The price is going to be the factor if I take the plunge into buying some of these.....

mrpotatoheadd · February 21, 2007 12:19AM

<< The way I understand it, ALL the First Ladies will be released at the same time >>

From the mint's website:

First Spouse Gold Coin Release Schedule

Year First Spouse Years Served

2007 1 Martha Washington 1789-1797
2 Abigail Adams 1797-1801
3 Thomas Jefferson's Liberty 1801-1809
4 Dolley Madison 1809-1817

2008 5 Elizabeth Monroe 1817-1825
6 Louisa Adams 1825-1829
7 Andrew Jackson's Liberty 1829-1837
8 Martin Van Buren's Liberty 1837-1841

2009 9 Anna Harrison 1841
10 Letitia Tyler
Julia Tyler 1841-1842
1844-1845
11 Sarah Polk 1845-1849
12 Margaret Taylor 1849-1850

2010 13 Abigail Fillmore 1850-1853
14 Jane Pierce 1853-1857
15 James Buchanan's Liberty 1857-1861
16 Mary Lincoln 1861-1865

2011 17 Eliza Johnson 1865-1869
18 Julia S. Grant 1869-1877
19 Lucy Hayes 1877-1881
20 Lucretia Garfield 1881

2012 21 Alice Paul 1881-1885
22 Frances Cleveland 1885-1889
23 Caroline Harrison 1889-1893
24 Frances Cleveland 1893-1897

2013 25 Ida McKinley 1897-1901
26 Edith Roosevelt 1901-1909
27 Helen Taft 1909-1913
28 Ellen Wilson
Edith Wilson 1913-1914
1915-1921

2014 29 Florence Harding 1921-1923
30 Grace Coolidge 1923-1929
31 Lou Hoover 1929-1933
32 Anna Eleanor Roosevelt 1933-1945

2015 33 Elizabeth Truman 1945-1953
34 Mamie Eisenhower 1953-1961
35 Jaqueline Kennedy 1961-1963

Bear · February 21, 2007 12:20AM

Too many factors remain undisclosed at the

present time , to allow for an intelligent answer.

TheRaven · February 21, 2007 12:25AM

All 4 each year, will be released at the same time.....

mrpotatoheadd · February 21, 2007 12:33AM

<< All 4 each year, will be released at the same time..... >>

From the mint's website:

The United States Mint will mint and issue First Spouse Gold Coins on the same schedule as the Presidential $1 Coins issued honoring the Presidents.

Also found this:

George Washington February 2007 release
John Adams May 2007 release
Thomas Jefferson August 2007 release
James Madison November 2007 release

WillieBoyd2 · February 21, 2007 12:59AM

Frances Cleveland gets two?

dbldie55 · February 21, 2007 1:09AM

No interest in any of them. If I wanted gold bullion, I would buy eagles. At least they have a classic design (although buying real Saints would be better)

aficionado · February 21, 2007 1:37AM

Two quotes from the Mint. I think all First Ladies will all be release at the same time:

"Prices for the First Spouse Coins, which will be produced in proof and uncirculated versions, will be determined closer to the sale date in May 2007, around Mothers Day. " No mention of each coin, it says 'coins'.

"collectible First Spouse Coins that will coincide with the annual release of the Presidential $1 Coins. "

Not to mention, in May the second Prez dollar will be released. This throws off the sequence. Martha would be available during Adams.

I think they will have products ranging from all four in one set, to maybe the Lady and the Prez in a set. It could get pretty crazy.

I could be wrong, but I think I'm reading it correct.

If Martha Washingtons start selling for multiples on eBay, will you buy Abigail Adams?

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