First Spouse Gold Coin sales dropped across the board, with numbers that approach ugly. The weakened performance is somewhat expected, however.
Gold prices had started on an eight day decline beginning Monday, Feb. 23 and First Spouse Coin prices were increased on Wednesday, Feb. 25 because gold was trending higher only days earlier — over $1,000 an ounce on Friday, Feb. 20. (See the Mint pricing grid for examples on how the Mint adjusts gold coin prices.)
As gold prices stumbled down further and further and nearly touched $900 an ounce, the separation between the value of gold in each coin and that of its price became even more pronounced. That did not help First Spouse Coin sales in the least. The disparity was somewhat corrected yesterday when the newest gold average resulted in $25 reductions per coin.
The following tables compare First Spouse Coin sales reported from February Week 4 to March Week 1. [click to continue…]
First Spouse Gold Coin prices will move lower only a week after they were raised, based on the US Mint pricing policy.
Gold has retreated substantially during the last several days. The weekly average for London gold has dropped below $950 an ounce, which automatically triggers a $25 price reduction per First Spouse Coin.
Proof coins now at $654 will come down to $629, and uncirculated coins will adjust from $641 to $616. [click to continue…]
Overall, First Spouse Gold Coin sales were again better than those reported from the week prior. Van Buren’s Liberty is the standout, with nearly a doubling in performance over last week. The proof coin joined the other 2008 proofs to rise above 5,000 sold.
The US Mint on Wednesday raised prices for each spouse coin by $25. The timing couldn’t have been worse. In a twist of irony, the price of gold has fallen significantly since Monday and dropped below $950 an ounce on Thursday. It had just reached over $1,000 an ounce last Friday. (Click First Spouse Gold Price Grid to learn how the Mint adjusts coin prices based on gold.)
In other gold coin noteworthy news, all US Mint 2008-dated American Eagle coins have sold out. The only 2008-dated gold coins collectors can now purchase straight from the Mint are First Spouse Coins. That would seem like great news for the series… if it wasn’t for gold’s negative four-day trend and the recent increase in coin prices.
Finally, on Wednesday the Mint announced 2009 Anna Harrison First Spouse Coins will go on sale beginning Thursday, March 5, at noon ET.
The following tables compare First Spouse Coin sales reported from Feb. Week 3 to Feb. Week 4: [click to continue…]
In accordance with the United States Mint’s relatively new pricing policy, all Mint gold collector coin prices will increase Thursday, Feb. 26.
First Spouse Gold Coins prices will jump $25, with proof versions rising from the current $629 to $654 and uncirculated coins changing from $616 to $641.
Since Jan. 12, the US Mint primarily bases gold and platinum collector coin prices on the London Fix average between the previous Thursday a.m. Fix through to the Wednesday a.m. Fix. (The London gold-fixing is a benchmark for gold traded directly between big institutions.)
Here were those daily prices: [click to continue…]
Demand for First Spouse Gold Coins increased nearly across the board when measured against the week prior, according to the latest United States Mint sales figures.
Jackson’s Liberty proof was the only coin to see a comparative decline, still rising 0.8 percent but following the 0.9 percent increase reported last Friday. Four coins increased at or over 1.1%. And while the Elizabeth Monroe proof has commanded the highest attention in the 2008 First Spouse Coins with 7,821 sold, it showed the weakest performance this go-around with a sales increase of just 0.3 percent.
The following tables compare First Spouse Coin sales reported from Feb. Week 2 to Feb. Week 3: [click to continue…]
The latest United States Mint First Spouse Gold Coin sales figures are positive across all coins, but not terribly so with increases between 0.2 and 0.9 percent.
Last week’s report showed five of eight First Spouse Coins stepped back, with their totals declining. Not so for this week on any coin option. On the flip side, prior Van Buren’s Liberty sales were solid with increases of nearly 6 percent for both coins. This week the proof and uncirculated versions picked up by just 0.6 percent.
The biggest mover was the proof Jackson Liberty, rising by 53 after its previous decline of 59.
The price of gold has remained steady enough during the last several days that the Mint on Thursday did not raise coin prices — unlike the previous two weeks, which may account for some slower sales.
The following tables compare First Spouse Coin sales reported from Feb. Week 1 to Feb. Week 2: [click to continue…]
Surprisingly, when comparing the United States Mint First Spouse Gold Coin sales figures that were reported between January 22 and February 5, immediately noticeable is the lowered sales figures for five of the eight coins. Mint accounting adjustments or collector returns could account for the reductions.
Van Buren’s Liberty was the only coin that showed a marked increased between the two weeks, with sales increases of 5.8 percent for the uncirculated version and 5.9 percent for the proof.
During these two weeks, coin prices have gone up twice as the Mint’s pricing policy for numismatic gold coins kicked in to follow the higher London gold fixings. On Thursday, each coin went up by $25, as each did the week prior.
Here are the tables comparing sales results for each First Spouse Coin: [click to continue…]