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Now That The Series Is Just About "Closed", Does Anyone Want To Talk About Gold Spouse Coins
wondercoin
Posts: 16,687 ✭✭✭✭✭
If you are not a fan of Gold Spouse coins, I understand. But, please don't participate in this thread. This thread is intended for a serious discussion on the series from those out there that love or enjoy the coins (and, in particular, the PCGS graded coins). Comments like "I don't like the hags" have no place here. They add nothing to the discussion.
First, I mentioned on another thread that for the first time ever, a major auction house will auction off a complete collection of PCGS "70" grade Mint State and Proof "First Strike" coins from 2007-2015. The set is the complete collection other than the final three coins being offered by the Mint right now from 2016. That auction is the Heritage August, 2016 Anaheim Auction. The coins belong to a long time board member and I wish him the very best with the sale.
This coin series has produced the lowest mintage Type coins by the US Mint in the past 100+ years! For the next couple weeks ahead of the sale, I plan to share some interesting facts about the PCGS 70 grade First Strike coins in this thread. I look forward to a meaningful discussion on the coins. I might even run a contest ahead of the Heritage auction - we'll see.
But, first, let's talk about the 2007 First Strike coins.
Beginning on June 19, 2007, the 2007 Washington and Adams Mint State and Proof coins were sold on a limited basis to households, but the US Mint still managed to sell out quickly nearly all the coins (20,000 Mint State and Proof examples of these two coins totaling 80,000 coins)! The initial Mint issue prices were $410.95 on the Mint State coins and $429.95 on the Proof coins. This is remarkable when you consider that just a few years later, the Mint then had trouble selling just 3,000 or so coins of each spouse in both Mint State and Proof.
PCGS has graded a whopping 2,098 PR69DCAM First Strike and 435 PR70DCAM First Strike Martha Washington coins as well as 1,023 PR69DCAM First Strike and 228 PR70DCAM First Strike Abigail Adams coins!
Then, things got just as crazy when the Mint on August 30, 2007 sold off the Jefferson Liberty coins (at the same prices) and sold them out quickly as well. Jefferson did not have a wife in office and, hence, the "Liberty Spouse" design. These first three gold spouse coins (Washington, Adams and Jefferson Liberty) were among the fastest Mint sellouts of a product in history at the time back in 2007 (if the Mint could have only seen the future of the 8 minute sell out of the 2015-W $100 Proof Platinum coin to come)! PCGS has graded 1,409 PR69DCAM First Strike and 623 PR70DCAM First Strike Jefferson Liberty spouse coins!
But, the strict household limits (and the enthusiasm for the series) started taking its toll when the fourth spouse came up for sale on November 19, 2007 - Dolley Madison. Due to a rising gold spot price, the Mint priced the coins nearly $100 higher than the earlier 2007 examples ($509.95 for the Mint State and $529.95 for the Proof coins). Sales were softer (around 18,000 or so on the proofs and only around 12,500 on the Mint State coins, but still very strong by today's standards) and submissions crashed down as well. In fact, PCGS has only graded 253 PR69DCAM First Strike and 131 PR70DCAM First Strike Madison coins to this day.
Many of the 2007 coins in the top grade of "70" with "First Strike" do not sell for large premiums to the raw coins. The Jefferson Liberty Spouse coins do command a decent premium, however, as does the Madison Proof coin. The Dolley Madison PR70DCAM FS coin "pop" of just 131 coins results in the coin seldom coming up for auction (especially problem free without spots). In fact, believe it or not, if my records are correct, in nearly 10 years Heritage NEVER auctioned off a single PR70DCAM FS Dolley Madison coin!
The coin set coming up next month will contain the first Madison PR70DC FS to ever sell at Heritage! Since GC started in the auction business, I believe they auctioned off a total of (4) Madison PR70DCAM FS all between $917.77 and $1,000 hammer (with the last sale at $917.77 hammer about (60) days ago). It should be very interesting to see what the Heritage example brings next month.
In the early going, demand for the PR70DCAM FS Washington and Adams coins (and MS70FS coins) was very strong and the coins sold for a huge premium to the PR69DCAM coins (hitting record highs of nearly $2,000/coin for these). Those premiums have since dwindled down significantly.
Collectors who started with the 2007 coins got a nice treat when Gold spot tested around $1,900/oz a few years ago as these 2007 coins sold from the Mint at under $425 each back in mid-2007. So, collectors did have a chance to more than double their money even on the low grade examples if they sold out at a few years later. Even at today's gold spot level, buyers of these early spouse coins are in pretty good shape if they want to even sell them off for "melt".
The "true" mintages today on these 2007 spouse coins are very uncertain. On March 10, 2008, Coin World reported that a major National coin dealer melting thousands of these 2007 spouse coins into gold bars. The national dealer had "identified little or no retail demand" for the coins and then decided the best option was to melt those spouse coins into gold bars. Just this single action alone may have removed upwards of about 5%-10% of the entire 2007 mintage on Washington and Adams coins (and possibly some Jefferson or Madison coins as well)!
2008 Gold Spouse Coins:
The Mint initiated sales on the 5th Spouse coin, Elizabeth Monroe, on 02/02/08 at the Mint Issue Price of $616 for the Mint State coin and $629 for the Proof. This was followed by the 6th Spouse coin, Louisa Adams on 05/29/08 at the same price points. I believe the Mint once again had a limit on the E. Monroe coins, which hurt overall sales. The final Mintage figures came in at just 4,462 MS and 7,800 Proof for Monroe and an even lower 3,885 Mint State and 6,581 Proof on L. Adams! To make matters worse, these two coins, and especially the proof versions of the Monroe and Adams often came from the Mint with small red copper spots that negatively impacted the grading results. As of today, PCGS has only graded 98 L. Adams coins in MS70FS and just a scant 73 in PR70DCAM FS! The E. Monroe proof has just 110 coins in the PR70DCAM FS grade as well. Hence, the L. Adams coins are one of the keys in the entire series in 70 FS grade and the record price for a PR70DC FS has already exceeded $3,000 (not bad for a $629 coin plus grading fee).
Another interesting thing was that within about a year or so of these two coins having their sales shut down by the Mint, a large CCE dealer started making very strong bids for these (4) coins and especially the E. Monroe and L. Adams proofs. Due to the Mint limit on the E. Monroe, the coins became widely dispersed. But, unlike the widely dispersed proof coins in 2007, the E. Monroe had a mintage of less than 8,000 coins as compared to 12,500-20,000 for the first 4 proof coins of 2007. I suspect the coins were needed for an early gold spouse promotion (and very difficult to obtain in quantity) and the price of raw E. Monroe coins rose sharply in addition to nice moves to the other 3 Monroe and Adams coins as well. Unfortunately, this particular CCE dealer passed away a year or so later and no one carried on with the strong spouse bids for these early 2008 coins (that have now sank to near "common" levels). While by today's standards these coins appear to be nothing but "commons", at the time back in 2008 and early 2009, they were the "keys" to the spouse set! And, yes, chasing "keys" has been the real downfall for many in this series and likely resulted in more than a few collectors and investors "throwing in the towel" to continuing on with the collection.
Jackson and Van Buren Liberty coins of 2008 finish off the year and will be discussed next.
As always, just my two cents.
Wondercoin
First, I mentioned on another thread that for the first time ever, a major auction house will auction off a complete collection of PCGS "70" grade Mint State and Proof "First Strike" coins from 2007-2015. The set is the complete collection other than the final three coins being offered by the Mint right now from 2016. That auction is the Heritage August, 2016 Anaheim Auction. The coins belong to a long time board member and I wish him the very best with the sale.
This coin series has produced the lowest mintage Type coins by the US Mint in the past 100+ years! For the next couple weeks ahead of the sale, I plan to share some interesting facts about the PCGS 70 grade First Strike coins in this thread. I look forward to a meaningful discussion on the coins. I might even run a contest ahead of the Heritage auction - we'll see.
But, first, let's talk about the 2007 First Strike coins.
Beginning on June 19, 2007, the 2007 Washington and Adams Mint State and Proof coins were sold on a limited basis to households, but the US Mint still managed to sell out quickly nearly all the coins (20,000 Mint State and Proof examples of these two coins totaling 80,000 coins)! The initial Mint issue prices were $410.95 on the Mint State coins and $429.95 on the Proof coins. This is remarkable when you consider that just a few years later, the Mint then had trouble selling just 3,000 or so coins of each spouse in both Mint State and Proof.
PCGS has graded a whopping 2,098 PR69DCAM First Strike and 435 PR70DCAM First Strike Martha Washington coins as well as 1,023 PR69DCAM First Strike and 228 PR70DCAM First Strike Abigail Adams coins!
Then, things got just as crazy when the Mint on August 30, 2007 sold off the Jefferson Liberty coins (at the same prices) and sold them out quickly as well. Jefferson did not have a wife in office and, hence, the "Liberty Spouse" design. These first three gold spouse coins (Washington, Adams and Jefferson Liberty) were among the fastest Mint sellouts of a product in history at the time back in 2007 (if the Mint could have only seen the future of the 8 minute sell out of the 2015-W $100 Proof Platinum coin to come)! PCGS has graded 1,409 PR69DCAM First Strike and 623 PR70DCAM First Strike Jefferson Liberty spouse coins!
But, the strict household limits (and the enthusiasm for the series) started taking its toll when the fourth spouse came up for sale on November 19, 2007 - Dolley Madison. Due to a rising gold spot price, the Mint priced the coins nearly $100 higher than the earlier 2007 examples ($509.95 for the Mint State and $529.95 for the Proof coins). Sales were softer (around 18,000 or so on the proofs and only around 12,500 on the Mint State coins, but still very strong by today's standards) and submissions crashed down as well. In fact, PCGS has only graded 253 PR69DCAM First Strike and 131 PR70DCAM First Strike Madison coins to this day.
Many of the 2007 coins in the top grade of "70" with "First Strike" do not sell for large premiums to the raw coins. The Jefferson Liberty Spouse coins do command a decent premium, however, as does the Madison Proof coin. The Dolley Madison PR70DCAM FS coin "pop" of just 131 coins results in the coin seldom coming up for auction (especially problem free without spots). In fact, believe it or not, if my records are correct, in nearly 10 years Heritage NEVER auctioned off a single PR70DCAM FS Dolley Madison coin!
The coin set coming up next month will contain the first Madison PR70DC FS to ever sell at Heritage! Since GC started in the auction business, I believe they auctioned off a total of (4) Madison PR70DCAM FS all between $917.77 and $1,000 hammer (with the last sale at $917.77 hammer about (60) days ago). It should be very interesting to see what the Heritage example brings next month.
In the early going, demand for the PR70DCAM FS Washington and Adams coins (and MS70FS coins) was very strong and the coins sold for a huge premium to the PR69DCAM coins (hitting record highs of nearly $2,000/coin for these). Those premiums have since dwindled down significantly.
Collectors who started with the 2007 coins got a nice treat when Gold spot tested around $1,900/oz a few years ago as these 2007 coins sold from the Mint at under $425 each back in mid-2007. So, collectors did have a chance to more than double their money even on the low grade examples if they sold out at a few years later. Even at today's gold spot level, buyers of these early spouse coins are in pretty good shape if they want to even sell them off for "melt".
The "true" mintages today on these 2007 spouse coins are very uncertain. On March 10, 2008, Coin World reported that a major National coin dealer melting thousands of these 2007 spouse coins into gold bars. The national dealer had "identified little or no retail demand" for the coins and then decided the best option was to melt those spouse coins into gold bars. Just this single action alone may have removed upwards of about 5%-10% of the entire 2007 mintage on Washington and Adams coins (and possibly some Jefferson or Madison coins as well)!
2008 Gold Spouse Coins:
The Mint initiated sales on the 5th Spouse coin, Elizabeth Monroe, on 02/02/08 at the Mint Issue Price of $616 for the Mint State coin and $629 for the Proof. This was followed by the 6th Spouse coin, Louisa Adams on 05/29/08 at the same price points. I believe the Mint once again had a limit on the E. Monroe coins, which hurt overall sales. The final Mintage figures came in at just 4,462 MS and 7,800 Proof for Monroe and an even lower 3,885 Mint State and 6,581 Proof on L. Adams! To make matters worse, these two coins, and especially the proof versions of the Monroe and Adams often came from the Mint with small red copper spots that negatively impacted the grading results. As of today, PCGS has only graded 98 L. Adams coins in MS70FS and just a scant 73 in PR70DCAM FS! The E. Monroe proof has just 110 coins in the PR70DCAM FS grade as well. Hence, the L. Adams coins are one of the keys in the entire series in 70 FS grade and the record price for a PR70DC FS has already exceeded $3,000 (not bad for a $629 coin plus grading fee).
Another interesting thing was that within about a year or so of these two coins having their sales shut down by the Mint, a large CCE dealer started making very strong bids for these (4) coins and especially the E. Monroe and L. Adams proofs. Due to the Mint limit on the E. Monroe, the coins became widely dispersed. But, unlike the widely dispersed proof coins in 2007, the E. Monroe had a mintage of less than 8,000 coins as compared to 12,500-20,000 for the first 4 proof coins of 2007. I suspect the coins were needed for an early gold spouse promotion (and very difficult to obtain in quantity) and the price of raw E. Monroe coins rose sharply in addition to nice moves to the other 3 Monroe and Adams coins as well. Unfortunately, this particular CCE dealer passed away a year or so later and no one carried on with the strong spouse bids for these early 2008 coins (that have now sank to near "common" levels). While by today's standards these coins appear to be nothing but "commons", at the time back in 2008 and early 2009, they were the "keys" to the spouse set! And, yes, chasing "keys" has been the real downfall for many in this series and likely resulted in more than a few collectors and investors "throwing in the towel" to continuing on with the collection.
Jackson and Van Buren Liberty coins of 2008 finish off the year and will be discussed next.
As always, just my two cents.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
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I'm not a hater, though. As an Adams descendant, I thought about adding one of those to my Box of 20, but for that kind of money, I ended up buying historical old gold instead.
It'll be interesting to see what these do over the long term.
fun times!
imho
gyros
Whatever you are, be a good one. ---- Abraham Lincoln
1) In general, they just aren't very good-looking coins (tho there are a few exceptions).
2) The base of serious coin collectors has been shrinking and I see no reasons why it will rebound.
3) The series is too large and overwhelming to attract new collectors.
That said, the mintages are so low that it wouldn't take much to throw my predictions out the window. A big drop in gold, for instance. Perhaps a couple of women presidents. The eradication of Pokemon.
I will follow this thread with interest.
Sneed
Actually, this may have been the second "oversubscribed" issue. Let's not forget the special 20th Anniv. Gold set from the year earlier that the Mint priced at around $2,600/set with a limit of (10) sets. A $26,000 charge to your credit card was worth around $50,000+ before the monthly bill was even due in most cases as I recall!
Wondercoin
I recall the mint's very stupid decision about these coins that managed to shoot itself in the foot. Initially the mint was going to allow subscriptions for the Spouse coins. You would sign up and, like their other subscriptions, the mint would automatically deliver the coin(s) to you. After opening the subscriptions, the mint soon realized that effectively all of the coins would be sold using subscriptions. So the mint unilaterally canceled all the subscriptions and told everyone to take their chance when the coins went on sale. I had subscribed and was eager to collect a set to give to my daughter in the abstract thought that it might convince her coins were neat. I was unable to buy either of the first two coins--too slow and I was working at the moments when they first went on sale. After paying much higher prices in the secondary market, that was enough to discourage me. I have not purchased any since the first year. I probably would have kept my subscription and purchased them all if the mint hadn't decided to cancel them.
And what would the current value be at today's spot price?
It seems overall you would have lost money.
From 2007-2010 would be profitable today, but post 2010 would have lost money as far as just melt value is concerned.
Too many new issues which waters down the interest and demand of the new US Mint products. This includes the Gold Spouse Coin issue.
I call it the "Canadiazation" of the US Mint.
This means that new issues become scarcer and rarer yet the values of such issues do not reflect their rarity since the the demand is getting even lighter.
Hopefully, the US Mint will see the writing on the wall and scale back on the future number of new issues.
Very good point oreville!
Wondercoin.
Wondercoin
"'ll talk about the 2008 gold spouse / Liberty coins next, but does anyone have any neat stories about their 2007 gold Spouse purchases or sales?"
Can't wait.
If a complete Saint set was put up for sale, I am sure you would enjoy reading stories about all the various dated coins. Since these are just Spouse coins, I guess you feel differently. Me, personally, I am currently a strong buyer of these PCGS First Strike gold spouse coins. In fact, quite possibly the Only current advertised buyer of these coins on the dealer network. I will likely not be aggressively considering the sale of even a small meaningful percentage of my spouse coins for years or until we see roughly $2,000+/oz. gold, whichever comes first. If the owner of the Heritage set does well and in some small, small way my thread leads someone to buy a coin in that auction, then great for him!
Wondercoin.
The format doesn't import cleanly into Excel so I don't have totals, but from 2007 to 2011 they range from $410 - $991 in uncirculated and $429 - $1004 for proofs.
Here's a warning parable for coin collectors...
Last we dealt, I got a 70 ASE with red lint in the PCGS slab and we exchanged for replacement.
That I had to mess with replacement for red lint in a pcgs 70 slab, speaks for itself.
edit: I do have signature series 2011 ASE that I bought from you after that fiasco, I'm smarter now.
Good luck with the spouses, I'm out.
MHO
Epcj... I'll talk about 2008, etc. when I get around to writing that section and others. It takes more than 15 minutes to "whip up" the yearly stories. On top of that, I am delighted that an entire 9 year set of PCGS coins is heading to the auction block for the first time and I plan to talk about the coins for the next few weeks ahead of the big sale.
If a complete Saint set was put up for sale, I am sure you would enjoy reading stories about all the various dated coins. Since these are just Spouse coins, I guess you feel differently. Me, personally, I am currently a strong buyer of these PCGS First Strike gold spouse coins. In fact, quite possibly the Only current advertised buyer of these coins on the dealer network. I will likely not be aggressively considering the sale of even a small meaningful percentage of my spouse coins for years or until we see roughly $2,000+/oz. gold, whichever comes first. If the owner of the Heritage set does well and in some small, small way my thread leads someone to buy a coin in that auction, then great for him!
Wondercoin.
And, I am sorry I could not purchase the coin you offered me less than a year ago that you had just purchased from the Mint for your exact asking price. I was paying $15 less to everyone here on the boards and I wanted to be consistent with my buy price level. I would have liked to do another deal with you and hopefully we can do one in the near future. If I am going to make your head hurt 70% of the time, we should at least do one deal every five years! LOL.
Now, back to spouse talk...
Wondercoin
edited after your edit ...
Heaven forbid somebody not like these... You can still have a serious discussion with dissenting opinions.
I am fine having a separate thread on these boards discussing who loves and hates the series. Although, I think we have had myriad threads on that already.
Wondercoin
My Coin Blog
My Toned Lincoln Registry Set
Not a Gold Spouse Coin specific comment but a general comment over the US Mint going the way of the Royal Canada Mint.
Too many new issues which waters down the interest and demand of the new US Mint products. This includes the Gold Spouse Coin issue.
I call it the "Canadiazation" of the US Mint.
This means that new issues become scarcer and rarer yet the values of such issues do not reflect their rarity since the the demand is getting even lighter.
That's a valid point. The Canadian mint is cranking out gold coins with mintages of 300-900 now. If it was just a mintages game I'd go south of the border. But I don't really want a tufted Woodpecker on a coin even if they only made 300 of them.
I really don't understand why people who don't like these coins should have to refrain from participating. I think readers would like a more balanced perspective instead of just a one-sided view on the subject matter. I for one don't like or dislike them but would love to hear everyone's thoughts. On a couple of occasions, I've had thoughts (not that serious) or making a run at the set). I agree that those who dissent should do so from a perspective of adding to the discussion and expressing their reasons for not liking them, and I think most have done just that.
Otherwise, you're just using this place as a promotional forum. It's EASY for collectors to buy into hypes. And all too many collectors are finicky and impulsive. I would hate for even ONE collector to go out and buy these just because everyone decided to talk them up here with only a "positive" perspective, only for the collector to regret their decision down the road.
There's a guy on here notorious for modern bashing, but I don't feel compelled to jump into every post he does with a "dimes are too small, stick with dollars" post. It adds nothing.
A more serious dissenting voice would be where did the mint go wrong, why are they so unpopular, how can this be avoided in the future.
I then went to the US Mint website the day of the sale of the Washington and Adams coins and, prior to the sale opening, loaded up my shopping cart as a test to see how the process worked. It worked so well that when I hit "Submit Order" it processed my order and checked me out a full nine minutes prior to the opening of the sale! I ordered on Tuesday and received the coins that Thursday and had them sold by Saturday. It was great.
By the way, I like the Liberty subset and wish that it included five coins instead of four.
In honor of the memory of Cpl. Michael E. Thompson
I guess with all this said, I'm sorry but I have to ask if you have anything to do with this sale? The reason I ask is you do mention on here that you do a lot of consignments for board members.
==Looking for pre WW2 Commems in PCGS Rattler holders, 1851-O Three Cent Silvers in all grades
Successful, problem free and pleasant transactions with: illini420, coinguy1, weather11am,wayneherndon,wondercoin,Topdollarpaid,Julian, bishdigg,seateddime, peicesofme,ajia,CoinRaritiesOnline,savoyspecial,Boom, TorinoCobra71, ModernCoinMart, WTCG, slinc, Patches, Gerard, pocketpiececommems, BigJohnD, RickMilauskas, mirabella, Smittys, LeeG, TomB, DeusExMachina, tydye
When I get home later tonight, I will follow up with the discussion. The San Clemente pier is just too beautiful to leave right now! Wondercoin.
Later, Paul.
Wondercoin
The Mint initiated sales on the 5th Spouse coin, Elizabeth Monroe, on 02/02/08 at the Mint Issue Price of $616 for the Mint State coin and $629 for the Proof. This was followed by the 6th Spouse coin, Louisa Adams on 05/29/08 at the same price points. I believe the Mint once again had a limit on the E. Monroe coins, which hurt overall sales. The final Mintage figures came in at just 4,462 MS and 7,800 Proof for Monroe and an even lower 3,885 Mint State and 6,581 Proof on L. Adams! To make matters worse, these two coins, and especially the proof versions of the Monroe and Adams often came from the Mint with small red copper spots that negatively impacted the grading results. As of today, PCGS has only graded 98 L. Adams coins in MS70FS and just a scant 73 in PR70DCAM FS! The E. Monroe proof has just 110 coins in the PR70DCAM FS grade as well. Hence, the L. Adams coins are one of the keys in the entire series in 70 FS grade and the record price for a PR70DC FS has already exceeded $3,000 (not bad for a $629 coin plus grading fee).
Another interesting thing was that within about a year or so of these two coins having their sales shut down by the Mint, a large CCE dealer started making very strong bids for these (4) coins and especially the E. Monroe and L. Adams proofs. Due to the Mint limit on the E. Monroe, the coins became widely dispersed. But, unlike the widely dispersed proof coins in 2007, the E. Monroe had a mintage of less than 8,000 coins as compared to 12,500-20,000 for the first 4 proof coins of 2007. I suspect the coins were needed for an early gold spouse promotion (and very difficult to obtain in quantity) and the price of raw E. Monroe coins rose sharply in addition to nice moves to the other 3 Monroe and Adams coins as well. Unfortunately, this particular CCE dealer passed away a year or so later and no one carried on with the strong spouse bids for these early 2008 coins (that have now sank to near "common" levels). While by today's standards these coins appear to be nothing but "commons", at the time back in 2008 and early 2009, they were the "keys" to the spouse set! And, yes, chasing "keys" has been the real downfall for many in this series and likely resulted in more than a few collectors and investors "throwing in the towel" to continuing on with the collection.
Jackson and Van Buren Liberty coins of 2008 finish off the year and will be discussed next.
Wondercoin
Paul: Check out my comment two paragraphs from the bottom in my original discussion in the first post.
Wondercoin
I'm sorry I hadn't read this entire thread. I usually do and will because I find it fascinating.
Thanks for the info, but was it just 2007? Is it still happening to this day?
Later, Paul.
By the way, Eric Jordan in his "Modern Commemorative Coins" book states that about 10,000 total spouse coins were melted between 2007-2008 (in line with what I have stated here). Eric obviously was also not aware of any additional "melts" in 2009 or 2010.
Wondercoin
Our mutual friend Bob F., as you know, was gung ho on the Gold Spousal Coins long after I petered out at the Jefferson Libs but even he got exhausted after the Garfield issues and kind of faded away as well.
Was this a common ocurrence near the end of the 19th century?
Wondercoin
Originally posted by stman
I guess with all this said, I'm sorry but I have to ask if you have anything to do with this sale? The reason I ask is you do mention on here that you do a lot of consignments for board members.
Wondercoin
I was just checking out my Redbook and noticed that these coins are categorized in their "Bullion" section. Anyone else think that is an inappropriate classification? Also, what do people think of the long term viability of 70 coins versus just the coin itself (as they are all pristine regardless)?
Ed Mcmahon and Karnac want to know.
Obviously never pay you a complement, you'll try to flip it sooner or later.
2008 Gold Spouse Coins:
While by today's standards these coins appear to be nothing but "commons", at the time back in 2008 and early 2009, they were the "keys" to the spouse set! Wondercoin
It's eight years later, prices haven't changed much from $616 and $629
"Elizabeth Monroe, on 02/02/08 at the Mint Issue Price of $616 for the Mint State coin and $629 for the Proof."
Last ebay completed sales for "monroe spouse"
2008-W $10 1/2 Oz Proof Gold First Spouse Elizabeth Monroe NGC PF70 Ultra Cameo
$850.00
2008 Elizabeth Monroe Spouse 1/2 oz proof gold coin w/OGP
$700.00
2008 Elizabeth Monroe Spouse 1/2 oz uncirculated gold coin w/OGP
$685.00
2008 - First Spouse Gold Proof Elizabeth Monroe (w/Box and Cert)
$699.00
2008 - First Spouse Gold Unc Elizabeth Monroe
$661.11
2008 - First Spouse Gold Proof Elizabeth Monroe (w/Box and Cert)
$699.00
I was one of the folks who ordered a subscription of the series through the US Mint prior to their unilateral withdrawal of that option.
I then went to the US Mint website the day of the sale of the Washington and Adams coins and, prior to the sale opening, loaded up my shopping cart as a test to see how the process worked. It worked so well that when I hit "Submit Order" it processed my order and checked me out a full nine minutes prior to the opening of the sale! I ordered on Tuesday and received the coins that Thursday and had them sold by Saturday. It was great.
By the way, I like the Liberty subset and wish that it included five coins instead of four.
I remember that. I bought the Washington from you at double the issue price thinking that they would do great. Just broke even. 9 years later.
stman: honestly i think your question is a bit much. wondercoin is obviously helping a board member out and he made that point crystal from the beginning of this post. that is what he does. he is one of the best/fairest in the business in my opinion, and i have dealt with him for over a decade, from top to bottom best in class. fair on price/cut/deal/quality. so he is taking his time to explain the whole series. what a great service to all of us. if you collect it or not just enjoy the comments. the spouses' have always been controversial please try not to add anymore.
epicjimi1: stop trolling!
again
imho
gyros