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With low mintage and virtually no premium to spot...
DocBenjamin
Posts: 1,492 ✭✭✭✭✭
I am wondering if the half ounce gold, First Spouse coins will ever carry a significant value above melt.
Business strikes. if I am reading my couple of year old Redbook correctly, are mostly at 2000 or below.
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Side note, I have bought (and sold,) many $5 Jackie Robinson commems in MS69.
With a mintage just above 5000, they peaked at $4800. and are now a hundred or a bit more over bullion value.
I am reviewing the situation.
How many years are you willing to wait? 20 years I'd say buy all you can.
bob
They are just too unattractive. Regardless of mintage, I don't think demand will ever exceed the supply.
Unless 1900 or so are melted 🫠
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
There are other threads on this topic. The consensus remains "no".
All comments reflect the opinion of the author, even when irrefutably accurate.
Presidents without spouses make an interesting short set. And throw in Martha Washington for good measure.
Most have not sold for over spot in the last decade and I don't think that will change with higher spot prices. I sold one at the recent ANA show and could not get anyone to pay spot; I settled on $40 under ($80 under per oz).
Cost for a set would be prohibitive for most folks. Not something I guess, that one would keep on the coffee table in a Whitman folder.
At the moment bullion value rules because bullion value is HIGH. That series was never popular and with current bullion price levels few will be willing to start collecting them.
Start actively circulating them. Simply get most into the circulation stream, then as the VF and XF coins dominate, your MS pieces will increase in value.
That wouldn't work, I would pull them all!
God bless all who believe in him. Do unto others what you expect to be done to you. Dubbed a "Committee Secret Agent" by @mr1931S on 7/23/24. Founding member of CU Anti-Troll League since 9/24/24.
There are much better World gold coin plays in terms of mintage and probable surviving population.
Experience the World through Numismatics...it's more than you can imagine.
80 under is lowball
No different than a majority of modern commemorative silver and gold.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Most are very unappealing aesthetically. I did get the Betty Ford Unc. at issue time - haven't looked at it since.
Well, just Love coins, period.
That was after other dealers I knew didn't even want to buy it. I might have been able to squeeze out the $40 to get to spot online but then fees and shipping would eat up most of that. Plus I doubt anyone on the bst would have offered spot.
surprising, if all else fails send it to a refinery with the junk jewelry and sterling silver
This is my one and only First Spouse Gold. Bought this one to go with my 1999 Dolley Madison Commemorative Dollars. I paid around $508. for it in early 2008.
Aren't those at 3%-4% under spot and require quantity? At 3% under you get around the same $80 under spot per oz.
then it's my bad mental math
I still have two, PCGS MS70 FS.. Betty Ford and Grace Coolidge. I can’t say I regret buying them because of the price of gold lately, but I definitely don’t spend any time looking at them.
I really like this one, not a big fan of the rest of them though
Mr_Spud