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I don't know anything about the Jefferson Spouse coins, but what do you think of Maben's offer of $5

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  • I wonder if QVC & HSN are soliciting outside sources for these?
  • BearBear Posts: 18,953 ✭✭✭
    Within 2 years, I believe that the Jefferson's will be in much demand, with

    short supply and will cost a great deal more money. Patience is the key!
    There once was a place called
    Camelotimage
  • Did they send the coins out in waves like prior issues? Did people get informed that they won't be getting their coins from the waiting list?
  • BAJJERFANBAJJERFAN Posts: 31,268 ✭✭✭✭✭


    << <i>I still don't see what difference having the box opened or closed makes. It made sense with the ASE sets, since that was the only way to get that designation....How long before someone on eBay starts selling weighted empty sealed boxes? These new coins have to be one of the first times I've seen people spend that kind of money on an auction with only a picture of a cardboard box with a barcode on it...

    --Christian >>



    Because 3 months from now you will not get the First Strike from PCGS unless you ship them the coins in the sealed box with a shipping date within the 30 day window or whatever is required for First Strike OR if you wish to sell them to others who want the First Strike designation.
    theknowitalltroll;
  • JohnMabenJohnMaben Posts: 957 ✭✭✭
    Sealed vs open---

    Not just because of First Strike. Just as important or more so, if sealed it is known that the coin has never neen submitted for grading.

    John Maben
    Pegasus Coin and Jewelry (Brick and Mortar)
    ANA LM, PNG, APMD, FUN, Etc
    800-381-2646

  • CasmanCasman Posts: 3,935 ✭✭


    << <i>GAT--

    The coin prices did not end up in the toilet because of NGC grading. It's because massive quantities were dumped, yes, mainly on ebay.

    John >>




    I disagree, they are still selling them everyother listing since June, it's a new series, with new collectors and all they see is NGC 70's for 5 cents, which is fine if you do the math for the one seller... where are we now 2,000 X 100 bucks, the toilet always fills up but in this situation it never flushed, and is still running as we speak,
  • I just bought an unopened MS on ebay and picked it up same day (local). I did this because the ones I got were so bad they were not worth certifying. I am glad I did buy it because is looks perfect.

    Like I said before - the MS 70s are going to be hard to come by based on the 9 I have seen. Only two I felt were worth submitting.
  • OPAOPA Posts: 17,141 ✭✭✭✭✭


    << <i>These coins have many things going for it:

    1. Widely dispursed one each per household.
    2. Sold out fast.
    3. Solid Gold with gold on the rise.
    4. Great design, Draped Bust Liberty.
    5. Pre sales on ebay for more than issue price.
    6. Dealers buying above issue price by 20% or more.
    7. Lots of "table talk" about this issue over the others.
    8. The First and only 2007 "Draped Bust Liberty design" Gold since the 18th and early 19th century
    9. Mint may raise mintages on later issues and may alter design.
    10. Great display case.


    I think they will be winners! >>



    You forgot to say: US Mint will raise the price on the future releases due to the increase in the price of gold...
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • The flippers are selling now while true collectors are BUYING. Time will separate the men from the boys. This is a true COLLECTORS' coin.
  • CasmanCasman Posts: 3,935 ✭✭
    Just curious why true collectors would need more than 1 or 2, sounds more like true speculators....
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>The flippers are selling now while true collectors are BUYING. Time will separate the men from the boys. This is a true COLLECTORS' coin. >>



    Not necessarily true. I am a true collector and did not like it. A true collector will not keep a coin that he/she does not like. I sold it and canceled my order for the Unc coin.
  • RYK, the reverse design of the Jefferson Spouse coin is indeed a bit odd, as it depicts Jefferson's tombstone on the grounds of his estate (Monticello, near Charlottesville, VA). Jefferson dictated what he wanted to be engraved on his tombstone, and he pointedly omitted that fact that he was the third president. He thought this a less important accomplishment than founding the University of Virginia. So, I would be curious to learn why his tombstone was chosen for the reverse.
  • JohnMabenJohnMaben Posts: 957 ✭✭✭
    Simply demonstrates humility. He knew that everyone would know he was president, but wanted to be remembered for other accomplishments and contributions as well. Makes sense to me.

    John Maben
    Pegasus Coin and Jewelry (Brick and Mortar)
    ANA LM, PNG, APMD, FUN, Etc
    800-381-2646

  • GATGAT Posts: 3,146
    This is the reasons I believe it's foolish to sell these coins now. We all know that the Mint will increase the mintages of the Liberty coins next year and the chances are the prices will be increased. The Liberty is a classic design and many of us feel the Liberty sub set will be in great demand in the future. As a result the Jefferson coin will be the key with it's lower mintage. Also it might be wise to complete some medal sets of the Liberty with the cost so low.
    USAF vet 1951-59
  • wondercoinwondercoin Posts: 16,997 ✭✭✭✭✭
    GAT - I am not sure "we all know" that. In fact, IMHO, I believe there is an equal or better chance that some of the upcoming Spouse coins are a "bust" and fail to sell out resulting in sub-20,000 mintages - perhaps even sub-15,000 mintages - resulting in the most popular spouse coins (like Jefferson) also having the highest mintages down the road. For those who were collecting gold commems in the early days - remember the Statue of Liberty $5 Golds - now that was a coin that skyrocketed in price because it was so darn popular (a real "collectors' coin) - today it is worth melt. And, what is the First Flight $10 MS Gold worth 4 years later with roughly a scant 10,000 mintage (about $100 above spot)? So, what might Wash-Jefferson spouses be worth with roughly 20,000 mintages should spouses over the next few years sport mintages of 10,000-15,000 (or even lower)? I am not saying it is going to happen - I am simply saying I believe the chances are good for it to possibly happen. And, if you disagree - no problem - that's what makes a horse race. In fact, anyone can feel free to PM me to buy these spouse coins if you really love them - I have plenty to sell image Just trying to "keep it real" with the counterpoint.
    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • 7Jaguars7Jaguars Posts: 7,736 ✭✭✭✭✭
    I think the economy will affect prices and mintages...I want to see better designs. The reverse of the Jeff is absolutely horrific no matter how honorable the sentiment in his achievements. How does this reflect his PRESIDENCY?

    Well, here's to the mint coming up with better designs and having sense on price and mintages.
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • agree with wondercoin. chances are good as this set progresses, speculators will see no profit and
    mintages and interest in the series will drop dramatically.
  • Coin FinderCoin Finder Posts: 7,392 ✭✭✭✭✭
    I just keep thinking the the 1st spouse series is opening up a bigger market for the female collector. The large majority of coin collectors and dealers are men. This series may attract in great droves the buying power of a whole new market thus increasing demand. The world is changing dramatically, we may have a women president, this era of coin collecting is vastly different then when the Statue Of Liberty gol was released. Even the packaging of the 1st spouse is designed to be more attractive.
  • tincuptincup Posts: 5,389 ✭✭✭✭✭


    << <i>GAT - I am not sure "we all know" that. In fact, IMHO, I believe there is an equal or better chance that some of the upcoming Spouse coins are a "bust" and fail to sell out resulting in sub-20,000 mintages - perhaps even sub-15,000 mintages - resulting in the most popular spouse coins (like Jefferson) also having the highest mintages down the road. For those who were collecting gold commems in the early days - remember the Statue of Liberty $5 Golds - now that was a coin that skyrocketed in price because it was so darn popular (a real "collectors' coin) - today it is worth melt. And, what is the First Flight $10 MS Gold worth 4 years later with roughly a scant 10,000 mintage (about $100 above spot)? So, what might Wash-Jefferson spouses be worth with roughly 20,000 mintages should spouses over the next few years sport mintages of 10,000-15,000 (or even lower)? I am not saying it is going to happen - I am simply saying I believe the chances are good for it to possibly happen. And, if you disagree - no problem - that's what makes a horse race. In fact, anyone can feel free to PM me to buy these spouse coins if you really love them - I have plenty to sell image Just trying to "keep it real" with the counterpoint.
    Wondercoin >>



    Very well put.... however.....

    Don't forget popularity. How about those Buffalo Dollars?? Check the mintage on those.... one would not think the prices they are bringing are worth that. They are definitely an example of how popularity will cause a multiple increase in the price. If the Jeff golds do not become popular... then I have to agree they will end up just a ways above melt. But given the record of the buffalo dollar, I believe the gold will be a winner also, given that it has a classic coin design on the obverse.

    We place our bets.... and sometimes win and sometimes lose.
    ----- kj
  • wondercoinwondercoin Posts: 16,997 ✭✭✭✭✭
    Tincup - The Old Mint Silver Commems are "dead" - even with the classic coin reverse. The Buffalo Dollars are "minusing" down to $175/$185 this week. I think we may have seen the "last stampede" for quite some time on those coins. What was a novel idea a half dozen years ago is now becoming common place - i.e. the classic design on a modern coin. IMHO, put a fork in the novel concept - it's done.

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • 53BKid53BKid Posts: 2,174 ✭✭✭
    Average price paid for raw Jeff Spouse on ebay including presales & unopened: $546.35. 688 coins in all to date. So $550 is the average. Recent sales though are down to low $500s for proof and $485-95 for unc.

    Not a heck of a lot if you think about it.


    HAPPY COLLECTING!!!
  • aficionadoaficionado Posts: 2,309 ✭✭✭

    Can we assume that something like 90% of the spouses have been shipped?

    This is the key question.

  • holeinone1972holeinone1972 Posts: 5,368 ✭✭✭
    My father who had his order placed at 2 oclock got his 3 days after I got mine, as I placed my order at 12:09

    My brother who got in at 2:30 has recvd 1 but not the other.

    Rob
    image
  • BearBear Posts: 18,953 ✭✭✭

    18-24 months will tell the tale on the Jefferson's.
    There once was a place called
    Camelotimage
  • OverdateOverdate Posts: 7,157 ✭✭✭✭✭

    For those who were collecting gold commems in the early days - remember the Statue of Liberty $5 Golds - now that was a coin that skyrocketed in price because it was so darn popular (a real "collectors' coin) - today it is worth melt.


    A lot of the skyrocketing in price was speculative, due to a perceived low mintage compared to other coins of the period. The proof (mintage 404K) reached about $400 and the uncirculated (mintage 95K) reached about $700 for a time. The 1984 P and D Olympic $10 (mintages about 34K each) were bringing about $1,000 each during that same period - and that was when the dollar was worth more than twice what it is today.

    Prices of today's new issues are probably also driven by short-term speculation, but since the internet makes possible a more liquid market compared to the 1980s, price swings are not likely to become as extreme as they did back then.

    My opinion only.


    My Adolph A. Weinman signature :)

  • LongacreLongacre Posts: 16,717 ✭✭✭
    This might be my first 100 post thread!! And it is on Jefferson spouse coins to boot!
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
  • holeinone1972holeinone1972 Posts: 5,368 ✭✭✭


    << <i>This might be my first 100 post thread!! And it is on Jefferson spouse coins to boot! >>



    It only has taken you 11 thousand posts. LOL

    image
  • kiyotekiyote Posts: 5,588 ✭✭✭✭✭
    I just sold my proof in box, unopened on eBay for $539.00. I'm happy. Not estatic, but happy enough.
    "I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
  • I like the design and I see it as a riskless bet on gold. If gold goes up, so will the coin. If gold goes down, the coin may retain a premium because of its design. Either way, coins are to be bought because they bring you joy, profit is somewhat meaningless imo.
  • wondercoinwondercoin Posts: 16,997 ✭✭✭✭✭
    Overdate - Good points. Back in 1986, conventional wisdom dictated that mintages of 35,000 - 200,000 on moderns were low mintages and the coins relatively "scarce". Hence, the runaway price on the SOL $5 Gold Commems and $10 Olympic coins. It has taken 20 years to adjust that conventional wisdom - today many mintages under 12,500 sell for near scrap value. Things start to get interesting under 8,000 mintage on many modern coins (with very few exceptions - most noteably the 95-W Silver Eagle). So, yes, the Jefferson Gold Spouse has the possibility of falling into the 95-W category (i.e. high mintage but huge demand), but, I personally doubt it as there may be a big difference between the 95-W and the Jeff spouse - namely, that the 95-W is the key date ultra low mintage of that coin series, while, if my hunch is correct, there may well be many lower mintage Gold spouse coins in the years ahead before this series is over. As Bear noted - we'll know a whole lot more in 12-24 months.

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>This might be my first 100 post thread!! And it is on Jefferson spouse coins to boot! >>



    I think you have found your niche. image
  • OverdateOverdate Posts: 7,157 ✭✭✭✭✭

    there may well be many lower mintage Gold spouse coins in the years ahead before this series is over.


    I agree - most of the upcoming FS don't interest me at all. What I like about the Jefferson is that it is the first coin of a "subset," representations of Liberty from earlier coinage, that is likely to be popular among collectors, and more affordable than trying to collect the entire run. The Jefferson also may wind up being the lowest mintage of the subset.

    Most coins with mintages under 12,500 selling for around melt value are platinum. I think the high bullion cost is a factor limiting their popularity.


    My Adolph A. Weinman signature :)



  • << <i>I just keep thinking the the 1st spouse series is opening up a bigger market for the female collector. The large majority of coin collectors and dealers are men. This series may attract in great droves the buying power of a whole new market thus increasing demand. The world is changing dramatically, we may have a women president, this era of coin collecting is vastly different then when the Statue Of Liberty gol was released. Even the packaging of the 1st spouse is designed to be more attractive. >>



    You are delusional if you really believe that the FS gold commemoratives may 'attract in great droves' female collectors.
    That is the most desperate defense of the FS coins I heard yet.
  • LOL...
    Maybe if there's ever a Reba or Gwen Stefani Coin only then my wife would care to buy a coin. Never would she care for a bunch or old dead hags from many years ago.
  • The fact the First Spouse coins sell for a premium in the aftermarket signifies there is demand for the series. IMO, a mintage of 20,000 is too low, especially for the Proofs which are the lowest mintage Proof gold commemoratives ever. In order to allow better distribution, the Mint could either raise the mintage or reduce the household order limits in order to ensure better distribution for collectors, which is why the Mint reduced the order limits to one per household for the Jefferson Liberty. I believe they will do the same for the Dolly Madison which they will also leave at 20,000 per option. As the Mint has stated they will revevalute the maximum mintage after this year. If the Dolly Madison sells out much the same way the previous ones have (as I believe it will), I feel the Mint will adjust the mintage for next years gold spouse commemoratives.
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • The Spouse Proof coin packaging has a femimine touch to it with the laced yellow boxes and coin reverse themes which would appeal more to women. Also interesting is the Mint leaving the Proof to Uncirculated ration even at 20,000 each. Historically this has never been the case for gold commemoratives as Proofs normally have at least double the mintage of the uncirculated option. To have both sell out equally, to me is even more evidence the mintage needs to be adjusted for next year. Possibly 40,000 for the Proof and 20,000 for the Uncirculated per Spouse.
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image


  • << <i>I don't know anything about the Jefferson Spouse coins, but what do you think of Maben's offer of $550?. >>


    I don't think he's become the largest reseller of ulta modern Mint products by making bad business decisions.
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image


  • << <i>I just keep thinking the the 1st spouse series is opening up a bigger market for the female collector. The large majority of coin collectors and dealers are men. This series may attract in great droves the buying power of a whole new market thus increasing demand. The world is changing dramatically, we may have a women president, this era of coin collecting is vastly different then when the Statue Of Liberty gol was released. Even the packaging of the 1st spouse is designed to be more attractive. >>



    I would be flabbergasted if even one woman non-coin-collector takes up collecting, because of this set and completes the set. Droves? The mint will be lucky to get one woman at $16,000 per set. Something that might appeal to women would be coins that are sold as jewelry and priced in the $50 to $90 range. $400+ is a budget buster for a 40 coin set, for all but the wealthy top 5%, the coins are unattractive, and while they can be made into jewelry pieces, other gold coin designs would be voted more attractive for jewelry.

    The thread seems to be running out of juice, might be tough sledding to 100, without some blue fish to help it.

  • wondercoinwondercoin Posts: 16,997 ✭✭✭✭✭
    Did the Kennedy Half Dollar attract more women collectors to the hobby back in the 60's? I only ask because when I polled the women in this house concerning their possible attraction to the Spouse coins, I got a resounding "not interested", but, there was a comment about interest in seeing a handsome new design of Kennedy on a coin (they might even buy one). In fact, wouldn't that only be logical - that women would enjoy handsome men on coinage, rather than historical women? Did women collectors flock into collecting when Susan B. Anthony hit coinage in 1979?

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • Coin FinderCoin Finder Posts: 7,392 ✭✭✭✭✭
    To keep the thread alive here is more info.....

    BTW "flabbergasted, delusional" LOL ... yeah I have been commisioned to rise to the defense of the first spouse coins as I have sunk my entire life savings into them LOL...

    Get over yourself and your divorce already.image




    Schedule & Mintage
    The US Mint has declared that they will produce up to 40,000 coins for each first spouse, regardless of version. This should create an interesting dynamic in pricing between the proof and uncirculated versions. At first glance, it would appear that the $19 price difference would bias buyers toward the proof version. However, we all know that if no one buys the uncirculated version, that will be the version with the highest collectible value in future years.

    Shockingly, on June 19th, the entire 40,000 unit mintage for both Martha Washington and Abigail Adams sold out in less than 2 hours. The current waitlist is over 30,000 coins long, so it looks like demand for these coins was shockingly high. As of June 21st, many of these coins are selling for over $800 on eBay, with prices as high as $1000 each.

    The US Mint has published a schedule for the US First Spouse coins. I'm providing it here for reference, and I will update it with mintage numbers when they become available.

    2007:
    Martha Washington 1789-1797
    Abigail Adams 1797-1801
    Thomas Jefferson's Liberty 1801-1809
    Dolley Madison 1809-1817

    2008:
    Elizabeth Monroe 1817-1825
    Louisa Adams 1825-1829
    Andrew Jackson's Liberty 1829-1837
    Martin Van Buren's Liberty 1837-1841

    2009:
    Anna Harrison 1841
    Letitia Tyler 1841-1842
    Julia Tyler 1844-1845
    Sarah Polk 1845-1849
    Margaret Taylor 1849-1850

    2010:
    Abigail Fillmore 1850-1853
    Jane Pierce 1853-1857
    James Buchanan's Liberty 1857-1861
    Mary Lincoln 1861-1865

    2011:
    Eliza Johnson 1865-1869
    Julia S. Grant 1869-1877
    Lucy Hayes 1877-1881
    Lucretia Garfield 1881

    2012:
    Alice Paul 1881-1885
    Frances Cleveland 1885-1889
    Caroline Harrison 1889-1893
    Frances Cleveland 1893-1897

    2013:
    Ida McKinley 1897-1901
    Edith Roosevelt 1901-1909
    Helen Taft 1909-1913
    Ellen Wilson 1913-1914
    Edith Wilson 1915-1921

    2014:
    Florence Harding 1921-1923
    Grace Coolidge 1923-1929
    Lou Hoover 1929-1933
    Anna Eleanor Roosevelt 1933-1945

    2015:
    Elizabeth Truman 1945-1953
    Mamie Eisenhower 1953-1961
    Jaqueline Kennedy 1961-1963




    image
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    I think that many unknowing people are going to get screwed out of their money just like on a wide variety of these types of coins.
  • Coin FinderCoin Finder Posts: 7,392 ✭✭✭✭✭
    Lucretia Garfield 1881


    This is the one to get ready for..image

    The Jeff libertys and other libs I think will do well. The US mint must have done research on these FS coins and

    discovered a very small market for them but beefed up mintages anyway.

  • LALASD4LALASD4 Posts: 3,602 ✭✭✭
    One women I know want to get one and put a hole in it to use for a necklace.image
    Coin Collector, Chicken Owner, Licensed Tax Preparer & Insurance Broker/Agent.
    San Diego, CA


    image
  • Coin FinderCoin Finder Posts: 7,392 ✭✭✭✭✭


  • << <i>1285.00 >>



    21st-century tulipmania.


  • << <i>1285.00 >>


    Wow, that's higher than even than I thought the First Strike© MS70 would go for. I figured $900+ for the Uncirculated and $1,500+ for the Proof, maybe those will go for closer to $2,000. I got a feeling the Mint tactic to control initial resale prices is headed for an abrupt end. I'm glad I sent mine in for grading vs selling them for $550 image
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image


  • << <i>

    << <i>1285.00 >>



    21st-century tulipmania. >>



    $600 Adams PCGS MS70

    What is that about a fool and their money? A careful buyer probably can get the Jeff for close to the same $600 during the next few months as the Adams PCGS MS70 sold for. After grading fees and postage the $550 raw offer works out to be the same deal for the seller, and there are only slim chances for 70 at PCGS.


  • PCGS 70 percentage is between 15-18 percent vs NGC's 70 50%+ for the same issues. Current eBay non-First Strike© pricing is being depressed with the tons of NGC PR/MS 70 coins being flodded by dealers. They will run out soon enough. Interestingly, not many PCGS 70's are being offered. If the Madison coin sells out, like I believe it will, the minatge will be increased for next years Proof spouse issues, making the first four instant keys to the series.
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • The coin prices did not end up in the toilet because of NGC grading. It's because massive quantities were dumped, yes, mainly on ebay.


    And that happened because the mint decided to give everyone a chance to get them by limiting them, and you cant sell them if you dont have them. image:
    Hosspower is just plain "FUN".
    A Spade is a Spade.
    We all want mo Money.
    And everybody wanna go to Heaven,
    but nobody wanna Die !!

    Ol' Hank !!!
  • IGWTIGWT Posts: 4,975
    100. Congratulations, Longacre. image

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