Jackson gold coin sold out at 4,754

HalfStrike · September 3, 2009 6:31AM

Looks like a new modern classic.

BillJones · September 3, 2009 6:42AM

Yea, and six months from now you will be lucky to get melt for it.

That's all I got as a tabled dealer at the FUN for the Jefferson coin.

adamlaneus · September 3, 2009 6:49AM

Man, i'm sick of this Michael Jackson media fluff. I'm glad the coin is sold out.

LindeDad · September 3, 2009 6:56AM

Well glad my MS made 70 but wish the proof had made it too.

HalfStrike · September 3, 2009 7:01AM

The Jefferson sold 20,000 while this one is lower than the Jackie Robinson at 4,754 with a much better design.

I think this one has the best design of the spouse coins so far, just look at the picture.

PS I am not surprised you only got melt for the Jefferson.

MrOrganic · September 3, 2009 7:46AM

I heard the proofs sold out out. They both did?

LindeDad · September 3, 2009 7:58AM

The Jefferson design needed something better than his Tomb Stone to commerate him.
Do like the Flowing hair design on the obverse though.

illini420 · September 3, 2009 8:59AM

I still think using the phrase "sold out" on a coin that failed to sell even 1/4 of it's authorized mintage after being available for about a full year isn't very accurate. More like "no longer available"

I still have two each of the proof and uncs though

They are cool

Placid · September 3, 2009 9:31AM

<< <i>I heard the proofs sold out out. They both did? >>

They only sell them for about one year. Neither sold out the order time frame just expired.
NN mint stats has the proofs sold at 7,806.

keets · September 3, 2009 12:15PM

i always felt from the beginning of this program that the place to get the Gold issues would be in the after-market, especially once Gold cools off. as Bill said, they should eventually be available at a slight premium past melt, so when spot drops enough they'll be a bargain if owners choose to sell. that will be the key.

illini420 · September 3, 2009 1:22PM

<< <i>they'll be a bargain if owners choose to sell. that will be the key. >>

that's the part that is the big risk I think... with only a few thousand being sold at around 35% premiums over spot, how many of them are willing to sell at or near melt??? not me. And I can't really imagine too many folks selling them for melt either unless they are forced to or unless the spot price rises enough to where melt is equal or greater than their purchase price. From my observations, the only issues that sell close to melt right now are the 2007 coins that could be purchased for under $500 from the mint when issued, so the owners of those coins are not losing much if any money on them. If anyone knows where I can get the 2009 spouse coins at or near melt, please PM me and I'm a buyer!!!!

Here's another pair of Jackson proofs:

Overdate · September 3, 2009 1:53PM

I think the low-mintage proof and unc. Jacksons are both eventually going to be *big* winners. Many collectors who have no interest in completing the Spouse series will gravitate to the Liberty "short set" with its classic designs.

The proofs should do better than the uncircs because they are much more attractive and the mintage is not that much higher - about 7800 vs. 4800. Typical ratios on modern commems are about 3/1 or 4/1 in favor of the proofs - the Jackson ratio is less than 2/1.

It will be interesting to see if the Van Buren Liberty coins follow a similar trajectory.

Eagleguy · September 3, 2009 10:16PM

It will be interesting to see if the Van Buren Liberty coins follow a similar trajectory.

"If these trends continue..."

/ needs pic of Disco Stu
// half day at work - way too much time on my hands

JH

ricko · September 4, 2009 12:16AM

As always, fad chasers will end up holding overpriced coins, praying for a resurgence in price just to recoup their ill advised investments. Cheers, RickO

Overdate · September 4, 2009 2:39AM

Interesting chart. It shows that the Mint ended sales of the Jackson proof shortly before ending sales of the Jackson uncirculated, possibly because the number of proofs minted had all been sold.

What will be important going forward is whether the number of Van Buren proofs and uncs. minted is equal to or less than the number of Jackson proofs and uncs. I don't believe they can strike any more Van Burens because it would amount to backdating - they are all dated 2008. We shall see.

Jackson gold coin sold out at 4,754

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