It doesn't take a lot of interest to soak up 2,000 half oz gold coins. At some point in the next couple of years, one of these gold spouses will have the distinction of being the lowest mintage US coin struck in the last 100 years.
The question then will be, does anyone care? I still can't decide either.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>It doesn't take a lot of interest to soak up 2,000 half oz gold coins. At some point in the next couple of years, one of these gold spouses will have the distinction of being the lowest mintage US coin struck in the last 100 years.
The question then will be, does anyone care? I still can't decide either. >>
I think that one coin - the lowest mintage in 100 years - will do well. Problem is chasing it will be expensive. It likely won't even b known until the final audited mintages are in. Once its known I think that there will b a lot of demand for that one coin relative to supply - much as has been the case w prior, temporary FS keys.
Its hard to imagine another coin coming about which will have such a low mintage so the low mintage FS may well hold that distinction for many years.
There's about 7 candidates for the lowest mintage unc and 7 candidates for the lowest mintage proof. The risk/reward of chasing it seems inordinately high.
Every one of these bought from the Mint comes with a 35% markup over spot on the front end.
That money could be stashed until the winner becomes obvious, and then the question is whether simply holding onto the cash might have been a better choice anyhow.
Unless you actually collect the series......................
Q: Are You Printing Money? Bernanke: Not Literally
Will Jacqueline Kennedy Coin boost the demand for all remaining 2013 & 2014 spouse coins? If not, we may see some really low final sales number like 1750.
To the free man, the country is the collection of individuals who compose it, not something over and above them. -M. Friedman
If several coins have mintages only slightly higher than the eventual uncirculated and proof keys, I think it will be difficult for any one of those coins to break out of the pack and achieve a substantially higher price than the others.
The possible exception is Eleanor Roosevelt. Even if not the absolute lowest mintage, her coins might achieve the highest price based simply on her name recognition and popularity.
I also expect the "Liberty" subset to be a long-term winner.
I thought I was done chasing the lowest mintage on these. Guess not. If I get the Eleanor I will probably just keep it. I don't collect the series except for the Liberty subset.
<< <i>If several coins have mintages only slightly higher than the eventual uncirculated and proof keys, I think it will be difficult for any one of those coins to break out of the pack and achieve a substantially higher price than the others.
The possible exception is Eleanor Roosevelt. Even if not the absolute lowest mintage, her coins might achieve the highest price based simply on her name recognition and popularity.
I also expect the "Liberty" subset to be a long-term winner. >>
It does seem that the chance for any deep key in this series is nill.
On the one hand, as I said earlier, I would think that the FS Unc key simply by virtue of being the lowest mintage US coins in a century and for likely many years to come would bring a large premium. That said, the behaviour of the current keys (until the 13 and 14 numbers are finalized) does not make sense to me. Garfield has a lower mintage than does Hayes yet Hayes brings far more money. Why is that?
The Liberty subset in this series is genuinely nice. Makes you wish we'd had more bachelor/gay/widower presidents.
It's really a shame they didn't continue the concept with the Chester Arthur era's classic coin design instead of Alice Paul, to expand the Liberty subset.
Chester Arthur and Alice Paul must be rolling in their graves. people 20,000 years from now will assume they were married. To think we could have had the Indian cent recreated in gold..
"I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
<< <i>cumulative mint sales statistics showing Wilson 1st and 2nd MS at 1,901 and 1,906, while Taft MS is at 1,910. ER is at 2,033 when they are this close, aren't they co-keys ? >>
All five of the 2013 issues are still available on the Mint site, so their key status will depend on the final sales numbers. The unc. Eleanor Roosevelt is probably finished at 1,911 and the remaining 2014 issues likely have similar mintages, so I think they have a better chance of being co-keys than the 2013 spouses.
It looks like that Edith Roosevelt proof and Florence harding proof will be out of stock very soon. It increasingly looks like a mintage trough for the whole spouse gold series. Yes, Jacqueline Kennedy Onassis' coin is coming..
To the free man, the country is the collection of individuals who compose it, not something over and above them. -M. Friedman
My 9 BU Eleanor Roosevelt FS Coins are at the Post Office. I'm in no hurry to go pick them up. In the meantime I'll try to decide if I should open them up or leave them sealed.
Anyone have any opinions on that? I got them in 9 separate orders so they're packed individually.
love reading all the comments about the spouses....yes original collector...yes have complete set in nice pcgs holders....yes i will have the "lowest mintage gold coin" in however many years but still don't know which one she is....not really worried....has it been a good investment....sure not bad....but you all are trying to pick the best performer out of the group....a game i chose not to play what 8 years ago....a wise collector here told me at the beginning....collect the whole set and in about 10 years you will realize you have a decent set and a nice chunk if change....he was right on....has it been the BEST PERFORMER of the decade....nope but that isn't the point.....collect them hate them ignore them i am happy with my little collection....isnt that what we are here for???
<< <i>My 9 BU Eleanor Roosevelt FS Coins are at the Post Office. I'm in no hurry to go pick them up. In the meantime I'll try to decide if I should open them up or leave them sealed.
Anyone have any opinions on that? I got them in 9 separate orders so they're packed individually. >>
Nice score.
I think that this may well be a short lived key. Once Eleanor is "sold out" on the Mint sight I'd sell them sealed quickly noting her new key status as she could easily be unseated in the near future. Not an easy call but I think that it's likely that she will not hold long as the key. So, could cash in now by selling or wait and perhaps do better but perhaps more likely be left holding a lot of $ in a semi-key.
It's funny, of all the UNC first spouses available, E. Roosevelt would have been the last one I would have chosen based on I thought 2013 coins would close out first and Eleanor had the highest mintages of the 2014. It's still early to tell, but my Lucy/Lucretia coins are no longer the keys for sure.
"I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
I think it doesn't matter whether the Eleanor Roosevelt coins become the absolute lowest mintage keys. If they are anywhere close, they will probably become the highest priced Spouse coins long-term, based on her name recognition and popularity.
I opened the one BU Eleanor I received this Thursday and it has a shot at MS 70. I will probably send in for a grading with a trueview. This was not a returned coin.
<< <i>Edith Roosevelt 2013 First Spouse Proof 9 coins left
Florence Harding 2014 First Spouse Proof 55 coins left >>
The proof numbers seem easy to track yet the UNC's seem to allow one to add 100 to the cart even immediately prior to out of stock status. Has anyone else found this to be the case?
<< <i>The proof numbers seem easy to track yet the UNC's seem to allow one to add 100 to the cart even immediately prior to out of stock status. Has anyone else found this to be the case? >>
The Eleanor Roosevelt unc. was able to be tracked after inventory fell below 99.
<< <i>The proof numbers seem easy to track yet the UNC's seem to allow one to add 100 to the cart even immediately prior to out of stock status. Has anyone else found this to be the case? >>
The Eleanor Roosevelt unc. was able to be tracked after inventory fell below 99. >>
Comments
Well, just Love coins, period.
The question then will be, does anyone care? I still can't decide either.
I knew it would happen.
<< <i>It doesn't take a lot of interest to soak up 2,000 half oz gold coins. At some point in the next couple of years, one of these gold spouses will have the distinction of being the lowest mintage US coin struck in the last 100 years.
The question then will be, does anyone care? I still can't decide either.
I think that one coin - the lowest mintage in 100 years - will do well. Problem is chasing it will be expensive. It likely won't even b known until the final audited mintages are in. Once its known I think that there will b a lot of demand for that one coin relative to supply - much as has been the case w prior, temporary FS keys.
Its hard to imagine another coin coming about which will have such a low mintage so the low mintage FS may well hold that distinction for many years.
Just my 0.02 of course.
Every one of these bought from the Mint comes with a 35% markup over spot on the front end.
That money could be stashed until the winner becomes obvious, and then the question is whether simply holding onto the cash might have been a better choice anyhow.
Unless you actually collect the series......................
I knew it would happen.
<< <i>Sales at 1,924 as of 3/15. >>
So they sold around 120 over the last week. very cool!
The possible exception is Eleanor Roosevelt. Even if not the absolute lowest mintage, her coins might achieve the highest price based simply on her name recognition and popularity.
I also expect the "Liberty" subset to be a long-term winner.
My Adolph A. Weinman signature
Box of 20
<< <i>If several coins have mintages only slightly higher than the eventual uncirculated and proof keys, I think it will be difficult for any one of those coins to break out of the pack and achieve a substantially higher price than the others.
The possible exception is Eleanor Roosevelt. Even if not the absolute lowest mintage, her coins might achieve the highest price based simply on her name recognition and popularity.
I also expect the "Liberty" subset to be a long-term winner. >>
It does seem that the chance for any deep key in this series is nill.
On the one hand, as I said earlier, I would think that the FS Unc key simply by virtue of being the lowest mintage US coins in a century and for likely many years to come would bring a large premium. That said, the behaviour of the current keys (until the 13 and 14 numbers are finalized) does not make sense to me. Garfield has a lower mintage than does Hayes yet Hayes brings far more money. Why is that?
It's really a shame they didn't continue the concept with the Chester Arthur era's classic coin design instead of Alice Paul, to expand the Liberty subset.
Here's a warning parable for coin collectors...
<< <i>Garfield has a lower mintage than does Hayes yet Hayes brings far more money. Why is that? >>
Looks to me that Garfield brings more money, at least in MS69.
Link
MS70 prices depend more on the number slabbed than on the total mintage.
My Adolph A. Weinman signature
<< <i>
<< <i>Garfield has a lower mintage than does Hayes yet Hayes brings far more money. Why is that? >>
Looks to me that Garfield brings more money, at least in MS69.
Link
MS70 prices depend more on the number slabbed than on the total mintage. >>
I was referring to MS 70s, NGC and PCGS. I thought that this same trend followed for raw and 69s but I have not checked for a while.
<< <i>Nixon and Ford will likely be the low points >>
^^^^^THIS^^^^^^
ER is at 2,033
when they are this close, aren't they co-keys ?
<< <i>cumulative mint sales statistics showing Wilson 1st and 2nd MS at 1,901 and 1,906, while Taft MS is at 1,910.
ER is at 2,033
when they are this close, aren't they co-keys ? >>
All five of the 2013 issues are still available on the Mint site, so their key status will depend on the final sales numbers. The unc. Eleanor Roosevelt is probably finished at 1,911 and the remaining 2014 issues likely have similar mintages, so I think they have a better chance of being co-keys than the 2013 spouses.
My Adolph A. Weinman signature
Edith Roosevelt, 2013 Teddy's wife - 2,033
Eleanor Roosevelt, 2014 FDR's wife - 1,911
Here are the March 15 numbers
First Spouse 1CA 2013 FS GOLD PROOF 1/2 OZ - MCKINLEY 2,784
First Spouse 1CB 2013 FS GOLD UNC 1/2 OZ - MCKINLEY 1,989
First Spouse 1CC 2013 FS GOLD PROOF 1/2 OZ - ROOSEVLT 2,875
First Spouse 1CD 2013 FS GOLD UNC 1/2 OZ - ROOSEVLT 2,033
First Spouse 1CE 2013 FS GOLD PROOF 1/2 OZ - TAFT 2,598
First Spouse 1CF 2013 FS GOLD UNC 1/2 OZ - TAFT 1,910
First Spouse 1CG 2013 FS GOLD PROOF 1/2 OZ - WILSON 1ST 2,570
First Spouse 1CH 2013 FS GOLD UNC 1/2 OZ - WILSON 1ST 1,901
First Spouse 1CJ 2013 FS GOLD PROOF 1/2 OZ - WILSON 2ND 2,462
First Spouse 1CK 2013 FS GOLD UNC 1/2 OZ - WILSON 2ND 1,906
First Spouse HP1 2014 FS GOLD PROOF 1/2 OZ - HARDING 2,363
First Spouse HP2 2014 FS GOLD UNC 1/2 OZ - HARDING 1,536
First Spouse HP3 2014 FS GOLD PROOF 1/2 OZ - COOLIDGE 2,274
First Spouse HP4 2014 FS GOLD UNC 1/2 OZ - COOLIDGE 1,515
First Spouse HP5 2014 FS GOLD PROOF 1/2 OZ - HOOVER 2,096
First Spouse HP6 2014 FS GOLD UNC 1/2 OZ - HOOVER 1,487
First Spouse HP7 2014 FS GOLD PROOF 1/2 OZ - ROOSEVLT 2,378
First Spouse HP8 2014 FS GOLD UNC 1/2 OZ - ROOSEVLT 1,911
Harding, Coolidge and Hoover may still be on sale, but 400 coins are in stock?
<< <i>I'm using the us mint cumulative numismatic sales statistics, which is usually updated on the second business day of the week >>
Thanks!!!!
Florence Harding Proof 61 coins before sold out
<< <i>Edith Roosevelt Proof 12 coins before sold out
Florence Harding Proof 61 coins before sold out >>
So the totals for the 2013 Edith Roosevelt will be nearly 2900, and the 2014 Florence Harding will be slightly over 2400.
It looks like production was cut back in 2014 because of lackluster sales of the 2013 first spouse coins.
My Adolph A. Weinman signature
I put a lot of declining sales blame on ~8 week nov-dec Christmas time sales windows
to decide if I should open them up or leave them sealed.
Anyone have any opinions on that? I got them in 9 separate orders so they're packed individually.
jmho
gyros
<< <i>My 9 BU Eleanor Roosevelt FS Coins are at the Post Office. I'm in no hurry to go pick them up. In the meantime I'll try
to decide if I should open them up or leave them sealed.
Anyone have any opinions on that? I got them in 9 separate orders so they're packed individually. >>
Nice score.
I think that this may well be a short lived key. Once Eleanor is "sold out" on the Mint sight I'd sell them sealed quickly noting her new key status as she could easily be unseated in the near future. Not an easy call but I think that it's likely that she will not hold long as the key. So, could cash in now by selling or wait and perhaps do better but perhaps more likely be left holding a lot of $ in a semi-key.
What do others think?
Box of 20
<< <i>I received my one BU Eleanor Roosevelt today. Probably open it up tomorrow. >>
My three ER uncirculated coins arrived yesterday. None appears to be MS 70 under 10X loupe.
My Adolph A. Weinman signature
Box of 20
Florence Harding 2014 First Spouse Proof 55 coins left
<< <i>Edith Roosevelt 2013 First Spouse Proof 9 coins left
Florence Harding 2014 First Spouse Proof 55 coins left >>
The proof numbers seem easy to track yet the UNC's seem to allow one to add 100 to the cart even immediately prior to out of stock status. Has anyone else found this to be the case?
<< <i>The proof numbers seem easy to track yet the UNC's seem to allow one to add 100 to the cart even immediately prior to out of stock status. Has anyone else found this to be the case? >>
The Eleanor Roosevelt unc. was able to be tracked after inventory fell below 99.
My Adolph A. Weinman signature
<< <i>
<< <i>The proof numbers seem easy to track yet the UNC's seem to allow one to add 100 to the cart even immediately prior to out of stock status. Has anyone else found this to be the case? >>
The Eleanor Roosevelt unc. was able to be tracked after inventory fell below 99. >>
Thanks!!
<< <i>Eleanor still not marked Sold Out. Unc sales now up to 2038 - only 130 lower than Garfield Unc. >>
You mean Edith Roosevelt? Right? Eleanor UNC was sold out at 1909, possibily as low as 1879.
Still, Eleanor is listed as out of stock and not sold out. I wonder when this status will change.
<< <i>Ask any of us dealers to buy it. Paying 98% melt. That is your answer! >>
If anyone walked into a dealers shop in my area with an MS65 Pan-Pac $50, the most they would likely be offered would be
98% of melt.
Nothing new about Dealers offers.
<< <i>I was told earlier today that the final sales number of ER uncirculated gold is about 1880. Holy cow..... >>
I hope that was a good source. I'll be sitting on my small hoard of 1 opened and 9 sealed, as if they are the Crown Jewels.
For now.
Keeping fingers crossed.
With luck maybe one day I'll be flipping these into a nice Pan-Pac $50 Slug.