Overall, First Spouse Gold Coin sales were down. 683 sold instead of 868 like the previous report. Five out of eight available coins under performed, which included the oldest coins, Margaret Taylor’s, whose had been improving three weeks straight. [click to continue…]
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Without a doubt collectors still found James Buchanan’s Liberty Gold most desirable of the available coins in the series. They wanted 249 proofs and 194 uncirculated. This surge for the Liberty uncirculated was a rebound after 67 sold in the last report. Buchanan’s total reached 9,498 or 63.32% of its 15,000 mintage limit. [click to continue…]
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The one-half ounce 24-karat First Spouse Gold Coin prices are about to rise to their highest level ever on Wednesday, October 6, 2010. The increase will be $25 and will make the Proof version $829 and the Uncirculated $816. In the past, when the United States Mint changed the price of their numismatic gold products, they usually did it before 12:00 PM Eastern Time.
The change is due to the ever increasing cost of the precious metal. The market price of gold has steadily remained above $1,300.00 an ounce since last Thursday, September 30. Below is a chart of the past few days of the London Fix’s AM and PM prices. [click to continue…]
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The 2010 James Buchanan’s Liberty Gold Coins have been experiencing exceptional collector demand during their first three full weeks on sale. Collectors purchased a total of 9,055 between their launch September 2 and Sunday, September 26. The addition in this round was 420 for the proofs, but it was a dramatic slowdown for the uncirculated. 67 sold compared to 562 in the prior round. With a mintage limit of 15,000 across all options, only 5,945 were left. A sell out could occur before the end of the year if interested parties scoop up an average of 460 per week. [click to continue…]
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Yesterday, September 23, 2010, the United States Mint launched the 2010 James Buchanan Presidential $1 Coin & First Spouse Medal Set for $11.95, plus shipping and handling. The set is the third for 2010 and the sixteenth released in a series that honors both former Presidents and First Ladies.
Buchanan Presidential Dollar & First Spouse Medal Set
The set includes an uncirculated dollar coin featuring Buchanan and a bronze medal bearing a likeness to his Liberty First Spouse Coin. Since Buchanan never married, an image of Liberty was used. [click to continue…]
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Sales likely spiked right before the Mint raised their numismatic gold coin prices on Wednesday, September 15. Next week’s story may show much softer sales, since collectors tend to shy away while prices are at the highest for the series. Right now they are $804 for the proofs and $791 for the uncirculated. However, gold prices have been setting new records nearly every day, and that could increase demand even though the first lady coins are struck for collectors. [click to continue…]
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Mintage limits were reduced for the 2010 coins from 20,000 for each product option to 15,000 across both, and Buchanan’s Liberty coins came close to reaching the halfway mark. In just ten days since the release, the total sold hit 7,399, which accounts for 49.3 percent of the maximum allowed. [click to continue…]
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First Spouse gold coin prices are likely to rise Wednesday, September 15, because the market price of gold rose above $1,250.00 on Tuesday and last Thursday. In fact, Tuesday’s PM price hit $1,265.50.
The US Mint’s pricing policy bases its gold collector coin prices on the London Fix average weekly price of gold. The London Fix prices between Thursday AM to Wednesday AM are used to calculate the average for the week, and then the Wednesday PM price determines whether a Mint price change is necessary.
The current range in use is $1,200.00 to $1,249.99. (See coin price grid). Since August 18, the average weekly gold price remained in that range. This week, however, looks to be outside that range, thanks to Tuesday’s high PM price.
| Day | AM | PM |
| Tuesday, the 14th | $1,253.25 | $1,265.50 |
| Monday, the 13th | $1,248.75 | $1,246.50 |
| Friday, the 10th | $1,248.75 | $1,246.50 |
| Thursday, the 9th | $1,253.50 | $1,255.00 |
If Wednesday morning’s Fix price is above $1,240 an ounce, then the new weekly average will be higher than the current range. When that happens, Wednesday’s PM price becomes very important. If it is higher than $1,249.99 then the Mint will raise the price of its First Spouse Coins by $25.
First Spouse coin prices are now $779 for the proof and $766 for the uncirculated, the highest prices since the series started. The new prices would be $804 and $791 respectively.
In the past, when the US Mint adjusted the price, they usually did it right before 12 PM ET on Wednesday, but they have done it as late as Thursday morning.
The US Mint’s web address to purchase these coins is http://catalog.usmint.gov/.
First Spouse coins are one-half ounce 24-karat gold coins with the face value of $10.
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Over 7,000 First Spouse coins sold during the week, with Buchanan’s Liberty coins taking up 6,127 of them. The new Liberty only went on sale Thursday, September 2, and by Sunday 3,641 proofs and 2,486 uncirculated were snatched. The start was much higher than many recent releases. Each of the last four launches came in under 3,000 total. [click to continue…]
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The frontrunner of the series was the uncirculated Fillmore coin for a second week in a row. It rose by 86, but that was far from the prior round’s 133. Next was Jane Pierce proof coins, at 81, and its uncirculated version, which gained 51. Previously they had climbed 90 and 94, respectively. [click to continue…]
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