Posts Tagged ‘coin’

First Spouse Series 2007 Half Ounce Gold Proof Coin Abigail Adams

• 1 First Spouse Abigail Adams Gold Proof!
• In Original packaging from the U.S. Mint!
• Only 40,000 minted in both Proof and Uncirculated!
• Sold out from the mint in just a few hours!

Product DescriptionThe First Spouse Abigail Adams $10 Gold Proof Coin. It sold out from the mint in just a few hours!

From the U. S. Mint:

This year marks the inaugural year of the First Spouse Gold Coin Series, the United States Mints first coin series to feature our Nations First Spouses.

Four, one-half ounce, $10 24-karat Gold First Spouse Coins will be minted and released annually in the order the spouses served in the White House. The coins will be minted in proof and uncircul. . . More >>

First Spouse Series 2007 Half Ounce Gold Proof Coin Abigail Adams

Margaret Taylor First Spouse Gold

Margaret Taylor First Spouse and her husban Zachary Taylor once commented that Margaret "Peggy" Mackall Smith Taylor "was as much of a soldier as I was." For 30 years, she followed her husband during his military career to remote hardship outposts that stretched from Louisiana to northern Wisconsin, creating homes for her family in tents, cabins and forts.

After many years of living a nomadic Army life, Margaret Taylor was happy to finally have a permanent home in a renovated "Spanish cottage" in Baton Rouge. The Army, however, soon had other plans for Zachary Taylor, calling upon him to serve in the Mexican-American War, from which he emerged as a national hero. When he became President, Margaret turned all official White House hostess duties over to their daughter, Betty Bliss. She lived life just as she would have back in Baton Rouge, with informal family gatherings and visits by her grandchildren.

Reverse Design

During the Seminole War, Margaret Taylor nursed wounded soldiers returning from the battlefield and counseled the young wives of soldiers as they awaited news from the front. The reverse depicts Margaret Taylor comforting an injured soldier during that war.

Sarah Polk First Spouse Gold Coin

First Spouse Sarah Childress Polk received an education traditionally available only to the most privileged young women of her time. When she was 14, Sarah and her sister undertook a month-long, 500-mile journey on horseback from Tennessee to North Carolina to attend the Moravian Female Academy, one of the best girls' schools in the country. Her studies went well beyond the traditional education young girls received to include Greek and Roman literature and world history. These academic pursuits provided her with a worldview that enhanced her political discussions.

Sarah devoted her married life to husband James K. Polk's political career, organizing his campaigns, writing speeches, handling his correspondence and developing a network of valuable political friendships. She read major newspapers and magazines, and marked articles she felt most important, leaving them on a chair outside the President's office for him to read.

As First Lady, Sarah Polk instituted many changes in the White House. She and her husband opened the White House twice a week to all visitors for evening receptions and personally greeted those who attended. In the summer, the Marine Corps Band played once a week on the lawn for visitors. She also oversaw the refurbishment of the White House, including the installation of gas lighting.

Reverse Design

Mrs. Polk served as President Polk's private secretary in the White House, the only First Lady to have acted in that capacity. The reverse depicts her working in the White House in support of her husband's career.

Julia Tyler First Spouse Gold Coin

First spouse gold coin with the young and vivacious Julia Gardiner Tyler took Washington by storm with her wedding to widower President John Tyler on June 26, 1844. Although she was First Lady for only eight months, she quickly made her mark.

James Sanderson's song "Hail to the Chief" had previously been played in various settings to honor American Presidents, but Julia Tyler was the first presidential spouse to request that it be played specifically to announce the President's arrival on official occasions. It's a tradition that continues to this day.

Julia Tyler worked hard to support her husband's political agenda, especially for the annexation of Texas. Julia used her considerable charm to persuade Members of Congress, a Supreme Court justice and cabinet members to support the cause. After Congress voted in favor of annexation and the President signed the resolution, he handed the gold pen he used to Julia in honor of her efforts. She proudly attached the pen to her necklace and wore it on formal occasions afterwards.

Reverse Design

gold spouse coin

Here are the new release mintage of the First Spouse $10 gold spouse coin, these numbers will change over time and I will publish new numbers. As you can see the coins are not selling as well as the mint thought. That should be a buying opportunity for collectors as the value of these coins with lower population numbers should go up faster.

First Spouse                                      UNC.                               Proof

gold coins first spouse

According to an article in the March 10, 2008 issue of Coin World, thousands of First Spouse gold coins have been melted. While this has implications about current demand for the series, it also has implications about the future of the series.

The coins were melted by SilverTowne, a coin dealer and private mint. According to the article, SilverTowne has melted between 5,000 and 7,000 Martha Washington and Louisa Adams coins, including both proof and uncirculated versions. An unspecified number of Thomas Jefferson’s Liberty coins were also melted. In addition, the firm has melted thousands of other recently issued gold commemoratives coins.

According to the president of SilverTowne, the coins were melted after his firm identified little or no retail demand.

I think it’s actually quite saddening that SilverTowne would choose to melt these coins. If they had offered them for sale at melt value prices, I think they would have readily found buyers to deplete their entire inventory. From the firm’s perspective this would have accomplished the same task of liquidating the inventory at the prevailing price of gold without destroying the coins.

As for the implications of the melt, in the short term it seems to indicate a lack of short term demand. In my opinion there is plenty of demand for the coins, as evidenced by the dozens that sell each day on eBay for prices well above the melt value. Perhaps there was just not the kind of bulk demand needed to quickly sell thousands of the coins.

As for the future implications of the melt, a single source has just removed almost 10% of the entire mintage. Mintage figures for these coins will be misleading future collectors, who may find the coins are more scarce than the mintages indicate.

Secondly, the early speculative demand of the series is probably at an end, but this might be a good thing. SilverTowne’s purchases of thousands of the coins no doubt helped fuel the demand. With them and other similar speculators out of the picture, future issues may end up with significantly lower mintages. Eventually there might be super low mintage coins like the Jackie Robinson Gold Commemorative which become worth far more than their weight in gold.

The First Spouse Gold Series is a marathon, not a sprint. It is currently scheduled to run for ten more years. While early speculation has dissolved, I am sure the future has many surprises left in store.

Original Article: http://firstspousegold.us/blog/thousands-of-first-spouse-gold-coins-melted/

First Spouse Gold Coins

First spouse gold coins

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.  The United States Mint issues First Spouse Gold Coins on the same schedule as the Presidential $1 Coins issued honoring the presidents.

The First Spouse Gold Coin obverse features portraits of the Nation’s first spouses, their names, the dates and order of their term as first spouse, the year of minting or issuance, “In God We Trust,” and “Liberty.”  Each coin has a unique reverse design featuring an image emblematic of that spouse’s life and work, as well as the inscriptions “The United States of America,” “E Pluribus Unum,” “$10,” “1/2 oz.” and “.9999 Fine Gold.”

When a president served without a first spouse, as did Andrew Jackson and Martin Van Buren, a gold coin is issued bearing an obverse image emblematic of Liberty as depicted on a circulating coin of that era and a reverse image emblematic of themes of that president’s life.