The US Mint recently posted the pricing, ordering options, and maximum mintages for the Elizabeth Monroe First Spouse Gold Coins. Prepare for some sticker shock.
The proof version of the coin is priced at $619.95. The uncirculated version of the coin is priced at $599.95.
The maximum mintage will be 40,000 across all product options. The ratio of proof and uncirculated coins will be determined by demand within the 40,000 maximum.
Initially there is a limit of one coin per product per household.
These prices are a leap and a bound above prices for the prior and first three coins of the series. The Dolley Madison coins were recently offered at $529.95 and $509.95. The Washington, Adams, and Jefferson coins were offered at $429.95 and $410.95.
Notably, the Dolley Madison coins are still available for sale on the US Mint’s website even though these prices will be significantly below the prices for the Elizabeth Monroe coins.
The reason behind the continued rise in offering price for the series is the corresponding move in gold. Since each First Spouse coin contains one-half ounce of gold, the Mint must continue to mark up prices as the metal rises. This is without a doubt having an impact on sales.
The first three coins of the First Spouse Gold series each sold out within one day. It is becoming apparent that this performance will not be repeated. The natural waning of interest as the series moves on combined with the escalation of the prices is turning many collectors off the series. Some collectors who had intended to assemble a complete set of the coins may be getting priced out of the market. Others may have moved on to the next series like the Bald Eagle Commemorative Coins.
Long term this may create some opportunities through lower mintage coins. Short term, don’t expect any more sell outs.
First Spouse Gold