![]() Unlike the dollars, these will not be in general circulation. Is anyone, beyond speculators, really going to jump at purchasing these coins?Īs a collector, I guess this comes down to one question: will there be enough demand for these coins to generate a good long term return. (You can find the answers to these questions already in the US Mint schedule, available on their site.) I will admit, when I think of Dolley Madison, I think of baked goods, not gold coin #4. There will definitely be some fun in identifying which Presidents actually served without spouses, or which Presidents served with two. Trivial Pursuit, First Spouse Edition. ![]() It stands to reason that the US Mint will produce some form of collectible proof set of the matching gold coin and presidential dollar… but what form will be the favorite? Would you rather have a single set of all the coins for the year? Or each President, paired with their first spouse? Does it really make sense to have a manganese-brass coin for the President, and 24K solid gold for the first spouse? I’m a little afraid the US Mint is going to be over-eager here, and produce too many versions of these coins to be anything but frustrating to collectors. Compare this to the US State Quarter program, where a 90% silver version of each year’s coins would only cost you $20-$40, depending on whether you bought the quarters alone, or the full year silver proof set. Given that the price of gold is not likely to decrease much in the near term, it’s likely that each of these coins will retail at between $400-$500 in proof form, making this a $2,000-a-year habit for the collector. The first, of course, was the new 2006 American Buffalo, and at one ounce the proof version of this coin sold for $800. These look like they will be the second series of coins in US history to be a full 24K gold (99.99% pure). The United States Mint will also produce and make available to the public bronze medal duplicates of the First Spouse Gold Coins.Ī few key points stand out to me here, as a collector: When a President served without a First Spouse, such as Thomas Jefferson, a gold coin will be issued bearing an obverse image emblematic of Liberty as depicted on a circulating coin of that era, and bearing a reverse image emblematic of themes of that President. Each coin will have a unique reverse design featuring an image emblematic of that spouse’s life and work, as well as “The United States of America,” “E Pluribus Unum,” “$10,” “ 1/2 oz.” and “. ![]() The obverse of these coins will feature portraits of the Nation’s First Spouses, their names, the dates and order of their term as first spouse, as well as the year of minting or issuance, “In God We Trust” and “Liberty.” The United States Mint will mint and issue First Spouse Gold Coins on the same schedule as the Presidential $1 Coins issued honoring the Presidents. The United States is honoring our Nation’s First Spouses by issuing one-half ounce $10 gold coins featuring their images, in the order that they served as first spouse, beginning in 2007 with Martha Washington, Abigail Adams, (Thomas Jefferson’s Liberty) and Dolley Madison. Some interesting detail about the program: Coming Soon: The Presidential $1 Dollar Coin Program.US Mint Unveils the 2007 Presidential Dollar Coins. ![]() In case you missed it, I’ve written a couple of posts about the program, and they have both been fairly popular over time: Some new detail is now available on the US Mint website about the companion program to the new Presidential $1 Dollar Coin Program launching in 2007. ![]()
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