Dolley Madsion UNC a good sleeper....

theump · January 18, 2008 2:43AM

So far only about 8500 sold. Seems like a possible sleeper to me.

Any thoughts?

LanLord · January 18, 2008 2:47AM

Any thoughts? YEAH - SHHHHHHH

Rarity · January 18, 2008 2:50AM

If US Mint takes Dolley off the selling list, its price will jump by $250 overnight. But the Mint might decide to keep selling the coin until 2009.

moonshine · January 18, 2008 2:50AM

just bought one 30 mins. ago.

CoinHusker · January 18, 2008 4:10AM

<< But the Mint might decide to keep selling the coin until 2009. >>

53BKid · January 18, 2008 7:09AM

While it is certain to be the key of the 2007 first spouses, the mintage will prove quite large to many of the '09s and beyond.

CoinMaster1229 · February 23, 2008 6:06PM

Anyone have an update on sales? Will they take dolley down soon? or will they continue to sell both?

CoinHusker · February 23, 2008 8:51PM

<< Anyone have an update on sales? Will they take dolley down soon? or will they continue to sell both?

>>

I believe Dolley Madison UNC's are now around 9,218.

ttown · February 23, 2008 8:56PM

It isn't now. I just don't see demand in this series although it's a nicer coin than most. This reminds me of the American Arts series in the 80's and it's still bullion today. I'd take a $10 Indian in AU55/58 or a very nice Lib over any of these coins.

7over8 · February 23, 2008 8:56PM

THe USM has made it perfectly clear that 20K each (UNC/PRF) are the limits on both Dolley's.

With the sellout's of previous Ladies, I believe they struck all 40K coins and will be selling these into 2009 and beyond.

ebaytrader · February 23, 2008 9:08PM

<< While it is certain to be the key of the 2007 first spouses, the mintage will prove quite large to many of the '09s and beyond. >>

That's the way we see it, too. The mintages will have to be platinum-like for there to be any meaningful premiums in this series.

FLBuffaloHunter · February 23, 2008 10:23PM

<< THe USM has made it perfectly clear that 20K each (UNC/PRF) are the limits on both Dolley's.

With the sellout's of previous Ladies, I believe they struck all 40K coins and will be selling these into 2009 and beyond. >>

I also believe the Mint will continue selling the Dolley Madison at least through the end of this year. That is also why I believe the 2007 Proofs will be the keys to the Proof First Spouse series at 20,000 since the 2008 Proof issues will not be limited to 20,000 and will have a higher percentage of the maximum 40,000 mintage.

morgansforever · February 23, 2008 11:08PM

Not a sleeper any more, word travels fast.

I bought one a couple of weeks ago. I now have my all four of the first ladies in unc.

I just wonder if I'll be able to afford the rest?

57loaded · February 23, 2008 11:19PM

<< It isn't now. I just don't see demand in this series although it's a nicer coin than most. This reminds me of the American Arts series in the 80's and it's still bullion today. I'd take a $10 Indian in AU55/58 or a very nice Lib over any of these coins. >>

very good point,

i'm sounding like a broken record, the reverse of the spouse coins are interesting.

if i really wanted to complete a set which i do not now, i'd have PCGS slab the coin showing the reverse on front, with the exception of the Liberty subset, obviously (which the totally botched the reverse IMHO)

WinPitcher · February 23, 2008 11:25PM

Rip Van Winkle was a good sleeper too.

Steve

tincup · February 23, 2008 11:40PM

In the last couple of years, you would have been right.... a mintage of 8,000 would possibly be a sleeper.

However now, I believe we are in a new era. The Mint has produced so many issues, that they are now becoming just like many of the foreign issues (but not quite as severe yet). You know the ones.... where foreign gold coins with a mintage of only 2,000 sell for melt or below.....

We are just entering a phase where we are going to see quite a few low, low mintage issues, just for the fact that everyone cannot keep up with each new issue financially. or may wait just a little too long and the Mint will pull the issue off the shelves, or the Mint will pull the issue for repricing but then never put it back to sell. etc. The scenarios are multiple and unpredictable, since we are dealing with the U.S. Mint. Logic does not always prevail.

8.000 was a low mintage before.... but I suspect we are now seeing a 'shift' where it no longer will be. Perhaps it will now be around 3,000 or less....

Coins that were keys in the past may no longer be the keys, and IMO have a good chance of losing some value.

Another factor.... and a BIG factor...... there is a melt going on right now with gold and platinum. Coins that were not low mintage in the past may now become KEYS depending on fast they are getting thrown into the melting pot. At risk are the $5 gold commems, and the platinum issues. The 2004 platinums may end to no longer be the scarcest....

CoinHusker · February 24, 2008 12:01AM

<< 
At risk are the $5 gold commems, and the platinum issues. >>

OPA · February 24, 2008 12:25AM

<< 

<< 
At risk are the $5 gold commems, and the platinum issues. >>

>>

I believe that the first 3 First Spouse Gold Coins are also at risk, since the purchase price was about $50 below todays Gold spot price .... It would not suprise me if several thousand have already gone to the melting pot & this may only be the beginning if the price of Gold continues to rise.

CoinMaster1229 · February 24, 2008 12:48AM

Its hard to beleave that we will see unsold First Spouse coins from 2007, 2008, 2009 for sale all at once? My gut feeling is they will Pull them! If a low mintage spouse is taken down it may help sales for the next one.

tincup · February 24, 2008 1:07AM

And the melt that is going on right now with gold and platinum very well may end up much more severe that what happened in 1980. The current situation has the possibility to extend for quite a bit of time, as compared to 1980. The longer the duration, the more likely that some series/issues will be devastated. When you look at the $5 commems, and the plats, the mintages were not all that much to begin with. Now melt multiple thousands of each issue, and what do you have left.

And no records are being kept on what is melted. Going to be interesting in the future.

RedTiger · February 24, 2008 1:09AM

There will be keys to the spouse series, the Dolley won't be one of them. If the economy really goes into the dumpster with rising unemployment, and gold continues to rise, we'll likely see some issues under 4000 mintage.

The Monroe proofs are at $620 already. Fractional buffalos will likely be yet another siphon for would be spouse buyers. If there is a high priced later issue down the road and the price of gold tanks during the selling window and the mint doesn't adjust the price down that may become the key, especially if unemployment rockets up.

pf70collector · February 24, 2008 1:28AM

Unfortunately, there is no way to tell which ones will become rare due to melting since this can not be tracked. Scarcity will appear when none are up for sale anymore. And that could take quite a while-10 years maybe. The fact that previous issues are not rare and demand is low in the first place, that when they do come up for sale there still won't be any demand for them anyway. Low mintage on some issues doesn't exactly drive demand. An example is the 2006 W's Plat MS $100s with a mintage of 3068 can be had for a little over $200 over melt. Though it is still early, I think the fact that these are so expensive also hinders the desirablility since their worth is mostly in melt. I own several of these and believe me I hope I am wrong about these. JMHO

FLBuffaloHunter · February 24, 2008 1:36AM

<< Unfortunately, there is no way to tell which ones will become rare due to melting since this can not be tracked. Scarcity will appear when none are up for sale anymore. >>

IMO, PCGS 70's will be the best guideline since it's guaranteed these will not be melted.

53BKid · February 24, 2008 1:45AM

<< There will be keys to the spouse series, the Dolley won't be one of them. If the economy really goes into the dumpster with rising unemployment, and gold continues to rise, we'll likely see some issues under 4000 mintage.

The Monroe proofs are at $620 already. Fractional buffalos will likely be yet another siphon for would be spouse buyers. If there is a high priced later issue down the road and the price of gold tanks during the selling window and the mint doesn't adjust the price down that may become the key, especially if unemployment rockets up. >>

TomB · February 24, 2008 2:01AM

I don't believe the American Arts Series is a good analogy to this series since the American Arts Series was never monetized and the mintages were generally higher than this series.

lope208 · February 24, 2008 2:03AM

<< 

<< 

<< 
At risk are the $5 gold commems, and the platinum issues. >>

>>

I believe that the first 3 First Spouse Gold Coins are also at risk, since the purchase price was about $50 below todays Gold spot price .... It would not suprise me if several thousand have already gone to the melting pot & this may only be the beginning if the price of Gold continues to rise. >>

Are people really melting year-old commems for $50 profit? I could see if you had dozens of them sitting around maybe.

Realistically though, who thinks FS coins are already being melted? I'm curious to hear from more people on this!

Edited to add: I did happen to pick up my 2nd Dolley UNC the other day when gold got close to $950/oz.
I figured it was only a matter of time before the Mint reprices it again and the $509 price tag with the currently
semi-low mintage was a factor. It's a strategic play of course. I only started buying gold and platinum in the last
year or so, so most of what I've got is collectible to me thus far. But having 2 of these now, one becomes expendable
if/when gold soars over $1000 or more.

tincup · February 24, 2008 2:07AM

Most of us who collect.... are also somewhat astute about values, profit, potential, etc. So yes.... many will definitely sell for a $50 profit ESPECIALLY for a short term profit with hardly any risk.

OPA · February 24, 2008 2:10AM

<< 

<< 

<< 

<< 
At risk are the $5 gold commems, and the platinum issues. >>

>>

I believe that the first 3 First Spouse Gold Coins are also at risk, since the purchase price was about $50 below todays Gold spot price .... It would not suprise me if several thousand have already gone to the melting pot & this may only be the beginning if the price of Gold continues to rise. >>

Are people really melting year-old commems for $50 profit? I could see if you had dozens of them sitting around maybe.

Realistically though, who thinks FS coins are already being melted? I'm curious to hear from more people on this!

Edited to add: I did happen to pick up my 2nd Dolley UNC the other day when gold got close to $950/oz.
I figured it was only a matter of time before the Mint reprices it again and the $509 price tag with the currently
semi-low mintage was a factor. It's a strategic play of course. I only started buying gold and platinum in the last
year or so, so most of what I've got is collectible to me thus far. But having 2 of these now, one becomes expendable
if/when gold soars over $1000 or more.

>>

Dealers are melting them by the thousands...as Mentioned by Wondercoin in a previous thread ... Keep in mind, most flippers did not do well after the initial bruh ha ha. I myself have a few, that may go to the melting pot if Gold continues to rise...

lope208 · February 24, 2008 2:12AM

<< Most of us who collect.... are also somewhat astute about values, profit, potential, etc. So yes.... many will definitely sell for a $50 profit ESPECIALLY for a short term profit with hardly any risk. >>

Tincup- Interesting to know. I suppose it makes sense to me. My main thought on the First Spouse gold was
why sell. But I am looking at this assuming/predicting that gold will continue to rise. I guess I just expect a
bunch of the collectors here to hold out for a better profit with gold still rising. I am sure many of them still
are holding in this type of market, but I understand the chance to make a quick fifty and move on to something
better.

Coinhog · February 24, 2008 10:53PM

<< If US Mint takes Dolley off the selling list, its price will jump by $250 overnight. But the Mint might decide to keep selling the coin until 2009. >>

Or they might just keep selling them until the series is over.

FLBuffaloHunter · February 26, 2008 2:47AM

The March 10th Coin World is reporting the Dolley Madison First Spouse will remain on sale until the end of the year:

<< The Dolley Madison coins, which went on sale Nov. 19, are still being sold. As of Feb. 18, the U.S. Mint recorded sales of 14,782 of the Proof coins and 9,806 of the Uncirculated. According to U.S. Mint officials, the Dolley Madison First Spouse coins will remain on sale even after the Feb. 28 release of the Elizabeth Monroe coin.
Each First Spouse coin is to be on sale for an entire year, or until a sell-out is reached, according to U.S. Mint officials. The maximum mintage for the Madison coins is 20,000 Proof and 20,000 Uncirculated, with the entire maximum authorization struck before Dec. 31, 2007. >>

aficionado · February 26, 2008 3:22AM

I think the Proof will sell out very soon. The ship date is now 3/3/08 and at last count, around 15,000 were sold.

I think there has been a jump in demand after the new pricing for the Monroe came out and made the Dolley's look like a great deal.

At $510 ($1020) and $530 ($1060 an oz.), that is only a $70 premium (7%) for the Unc. and $110 premium (10%) for the Proof, it's not a bad deal.

I mean, Kitco is selling 1/2 AGE bullion for $516 ($1030) !! And 1 oz Bullion, 2008 for $1000. So why not buy a Dolley. Almost the same price and .999 gold.

MilesWaits · February 26, 2008 3:26AM

""" At $510 ($1020) and $530 ($1060 an oz.), that is only a $70 premium (7%) for the Unc. and $110 premium (10%) for the Proof, it's not a bad deal.

I mean, Kitco is selling 1/2 AGE bullion for $516 ($1030) !! ""

Yes, they are close to spot so get ready for a pull and re-price! A point closer to the price of the upcoming issues I would imagine.

Miles

BECOKA · February 26, 2008 3:31AM

While the mintage will be higher I am still betting that more people will want the ones with no spouse making those the keys.

coolest · February 26, 2008 3:34AM

<< Unfortunately, there is no way to tell which ones will become rare due to melting since this can not be tracked. Scarcity will appear when none are up for sale anymore. And that could take quite a while-10 years maybe. The fact that previous issues are not rare and demand is low in the first place, that when they do come up for sale there still won't be any demand for them anyway. Low mintage on some issues doesn't exactly drive demand. An example is the 2006 W's Plat MS $100s with a mintage of 3068 can be had for a little over $200 over melt. Though it is still early, I think the fact that these are so expensive also hinders the desirablility since their worth is mostly in melt. I own several of these and believe me I hope I am wrong about these. JMHO >>

With the cost of platinum it is likely that 2008 and 2009 will see even lower sales figures than '04, '05, and '06. Bringing the '06s to only melt value for sure.

Dolley Madsion UNC a good sleeper....

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