Today, July 17, 2014 at 12:00 Noon ET, the United States Mint began accepting orders for the 2014 Grace Coolidge First Spouse Gold Coin. This represents the second release of the year for the series and comes just one week after the prior release.
The obverse design of the coin features a portrait of the First Lady designed by Joel Iskowitz and engraved by Phebe Hemphill. The inscriptions include “Grace Coolidge”, “In God We Trust”, “2014 W”, “30th” indicating the order of the Presidency, and “1923-1929” indicating the dates of the term. This obverse portrait had been recommended by the Citizens Coinage Advisory Committee, while the Commission of Fine Arts had preferred an alternate.
The reverse of the coin carries a design to represent Mrs. Coolidge’s work on behalf of the deaf. Three hands are shown finger spelling the letters USA in American Sign Language against the backdrop of the White House. Inscriptions include “United States of America”, “E Pluribus Unum”, “$10”, and “1/2 oz. .9999 Fine Gold”. This final design carries a modification from the original candidate, which had the letters USA placed on the wrists of the hands. Both the CCAC and CFA had supported the design with the recommendation that the letters should be removed from the wrists. The reverse was designed by Frank Morris and engraved by Jim Licaretz.
Initial pricing for the Grace Coolidge First Spouse Gold Coins will be $865 for the proof version and $845 for the uncirculated version. These prices are based on an average weekly gold price within the $1,300 to $1,349.99 range and will remain subject to potential weekly change.
A maximum mintage of 10,000 pieces has been established across both versions of the coins. Customer demand will determine the ratio of proof to uncirculated coins produced within the maximum mintage.
The prior release of the series featuring Florence Harding had opened with relatively subdued sales of 907 proof and 574 uncirculated coins, for a total of 1,481 across both options. This was down by a significant amount from the next prior release featuring Edith Wilson, which had opened at combined sales of 1,970. It’s too early to tell whether this may be another retrenchment in demand levels for the series or the impact of other factors. The close release of two coin in the series may result in collectors waiting until today’s release to purchase both coins. Additionally, the price of gold has been volatile in recent days, which may be leading some collectors to put off purchases for potentially lower pricing.