First Spouse Gold Coins

American First Ladies are now honored with First Spouse Gold Coins, which are one-half ounce, 24 karat pure gold coins minted in collector proof and uncirculated versions.

2011 First Spouse Gold Coins

The United States Mint is currently directly selling five First Spouse Gold Coins, all released in 2011. 2012 coins have not been released yet. Coins shown in the image above are all issues from last year in collector uncirculated and proof versions, including:

  • 2011 Eliza Johnson – Issued May 5, 2011
  • 2011 Julia Grant – Issued June 23, 2011
  • 2011 Lucy Hayes – Issued September 1, 2011
  • 2011 Lucretia Garfield – Issued December 1, 2011

The series of gold coins, introduced in 2007 and set to last until 2016, compliment and are released on the same schedule as the US Mint Presidential $1 program which honors past Presidents at a rate of four gold coins each year. The US Mint normally offers each coin for about a year. When a new one is released, it stops selling the oldest.

To keep updated, make sure to check out the coin news section of this site.

US Mint First Spouse Gold Coins Program

The program is the first to feature women in a consecutive series of legal tender coins. The series of gold coins is authorized through the Presidential $1 Coin Act of 2005, which was signed into law (Public Law 109-145) on Dec. 22, 2005 by President George Bush. It calls for the following coin specifications (follow the link for more detail):

  • A $10 denomination
  • The same diameter as the $1 coins
  • 0.5 ounces in weight
  • .9999 fine pure gold (24 karat)
  • And issued as counterparts and during the same period as the circulating Presidential $1 Coins

There are two cases where a President has had more than one wife during service and two coins are issued, like John Tyler. Tyler’s first wife Letitia died during his second year in office. Tyler later married Julia while still President. Under the program, the US Mint issued both Letitia and Julia First Spouse Coins.

Additionally, the law authorizes First Spouse Medals made from bronze. The 1 5/16" medals bear the likeness of each gold coin and are sold by the United States Mint for $3.50 each.

First Spouse Gold Coins – Designs

The gold series has included some of the most interesting designs of modern times.

The obverse or heads side of the each features a portrait of the the first lady. There are instances when a U.S. President has served without a wife, like Jefferson, Jackson and and Martin Van Buren. For these a design is used which is "emblematic of the concept of Liberty" and represented on a coin during the President’s years in office.

Each coin’s obverse also includes inscriptions of the first ladies’ name, IN GOD WE TRUST, LIBERTY, year of minting, the order her husband served, and the years served.

Dolley Madison First Spouse Gold Coin - Reverse

Dolley Madison - Reverse (Click Image to Enlarge)

The reverse or tails side of each coin depicts a scene typical of the spouse’s "life and work." For example, Dolley Madison’s coin shows a scene of her saving the Cabinet papers and the renowned portrait of George Washington as she was forced to flee the White House in advance of approaching British troops in 1814.

A design featuring a theme depicting the President is used when there was no spouse while serving.

Included reverse inscriptions are UNITED STATES OF AMERICA, E PLURIBUS UNUM, $10, 1/2 OZ., and .9999 FINE GOLD.

First Spouse Gold Coins – Pricing

The US Mint set fixed prices for 24 karat gold pieces in 2007 and 2008. In January 2009, however, it announced a new gold coin pricing policy which can result in weekly price changes. The Mint summarized the policy:

Instead of static pricing, coin prices will be primarily determined and actively adjusted according to the London Fix weekly average. The Mint said this was to "mitigate the effect that fluctuating gold and platinum commodity costs" has on coins. The London Fix is used as a price benchmark for immediate silver, gold and platinum delivery.

To determine prices, the Mint takes the London Fix gold prices covering the previous Thursday a.m. Fix through the Wednesday a.m. Fix. If this average moves above or below a pre-determined $50 threshold (see pricing policy link immediately above) first lady coins or moved up or down by $25.

First Spouse Gold Coins – Mintages and Release Dates

Just as the pricing policy for the first lady series has changed, so has their mintages. The US Mint initially set a maximum of 40,000 strikes per release. For example, the uncirculated and proof Martha Washington coins had a combined mintage of 40,000. The Mint changed the amount in 2010, cutting down the authorized mintage to 15,000 per release. This site’s sales guide provide the latest sales/mintages per coin.

As mentioned previously, spouse coins are issued during the same time frame as their corresponding Presidential $1 coins. This means there are four issues each year, except in cases where a President has had more than one wife while serving.

Exact launch dates are usually published for each spouse coin about three months prior to their release. Until then, only generalized times are known, although the year a coin will be issued is, as shown on this site’s release dates page.