Frances Cleveland (First Term) First Spouse Gold Coin

Today, November 15, 2012 at 12:00 Noon ET, the United States Mint will begin sales of the 2012 Frances Cleveland First Spouse Gold Coin representing her husband’s first term in office. A second coin will be issued at a later date to represent her husband’s second term in office, since it was nonconsecutive.

The release of this year’s First Spouse Gold Coins comes after a lengthy delay due to production problems. The first 2012-dated release featuring Alice Paul Suffragist was released on October 11. Today’s release will be followed by the Caroline Harrison Coin scheduled for December 6. The fourth design for this year for Frances Cleveland (second term) has not yet been scheduled. Previously, the US Mint indicated that all four designs would be minted and released within the calendar year.

The Frances Cleveland (First Term) Gold Coin features a portrait of the First Lady on the obverse with inscriptions indicating her name, the motto “In God We Trust”, “Liberty”, the order of the Presidency, dates of the term, the date, and mint mark. The obverse was designed by Joel Iskowitz and sculpted by Don Everhart.

The reverse design depicts a scene from one of the working women’s receptions that the First Lady often held at the White House. Inscriptions include “United States of America”, “E Pluribus Unum”, the denomination of “$10”, and the precious metal content “1/2 oz. .9999 Fine Gold”. The reverse was designed by Barbara Fox and sculpted by Michael Gaudioso.

Available in either proof or uncirculated versions, the coins have a maximum mintage of 13,000 across both versions. No household ordering limits are imposed.

Pricing for the coins will begin at $1,029 for the proof version and $1,016 for the uncirculated, which is based on an average market price of gold within the $1,700 to $1,749.99 range. Pricing will be subject to potential weekly adjustment based on the market price of gold.

The previous release of the series featuring Alice Paul recorded the highest opening sales for the series in years. The strong opening was likely the result of pent up demand after the long delay in the series as well as some excitement about the unexpected sell outs and mintage lows established by the uncirculated Lucy Hayes and Lucretia Garfield coins.

Today’s release may also see a strong start, but a factor weighing on sales may be the frequency of release for the coming issues. In previous years, releases were staggered three to four months apart. For this year, the releases will come about a month apart or less.

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Comments

  1. says

    OT…Denali 5 oz bullion production suspended by Mint??

    I just spoke to a rep from Provident Metals and inquired as to when they would receive more of the Denali 5 oz bullion as they have been out of stock for about a week….I know some of you pre-ordered them and recevied them from Provident. Anyway, he said it could be a good while before, if at all, they get anymore Denalis as he was told the Mint has stopped production.
    I guess I will go ahead and buy from APMEX or MCM as they still have them.

    I was under the impression that the Mint could discontinue the numismatic 5 oz coins at any time, but were required by law to produce the bullion version just like the bullion silver eagles. Is that correct?

  2. says

    I still think the special set would sell better if it included the 2012 commemoritve proof silver dolloars instead of a silver eagle.

  3. Mint News Blog says

    The authorizing legislation states that the ATB 5 oz. Silver Bullion coins are to be produced in quantities that the Secretary of the Treasury determines to be appropriate, which leaves it basically open to anything.

    I will try to confirm is Denali really is suspended. The Denali bullion coins only went on sale Oct 22, so that would be less than a month.

  4. vaughnster says

    I talked to Provident yesterday also and the rep said they will be getting no more Denali 5 oz bullion coins. They were told by the Mint that production was suspended. The rep said the only way they’d get more is from buying them from customers. Their allotment only lasted 4 days. Don’t know if this means Denali may be a key to the series? It looks like APMEX and MCM have plenty on hand. I was able to purchase all 5 of the 2012 bullion 5 oz. ATB’s from FideliTrade yesterday. I remembered I still have an account open from when I purchased the much sought after 2010 bullion 5 oz ATB’s 🙂

  5. Brad says

    I’m afraid the 13,000 limit for the 2012 First Spouses is pretty much meaningless. I don’t see any way the Mint will strike anywhere near that many before 12/31 while it’s still possible. They simply got off to WAY too late of a start this year.

    I wish there was some way we could know beforehand how many are available, so the “surprise” sellouts can be avoided. I get the feeling that these coins could all disappear fairly early in the 2013 calendar year, possibly all being gone by the end of the first quarter.

    Part of me wants to quit and not have to worry about it anymore, but another part of me wants to at least keep my remaining Uncirculated set going.

    These coins are so expensive now, and buying the new house doesn’t make keeping up any easier. Plus, 2013 is another 5-design year, so that hurts too. At least I have extras I can sell off now, due to the second Unc set being broken to finish the down payment on the house!

  6. ABC says

    Anyone notice that the Frances Cleveland Proof is back-ordered while the Uncirculated is available?

    On a slightly different topic, for those who have purchased the Alice Paul gold coins for this year, have any of you noticed any improvement in the quality control for these coins since the production of the coins were delayed due to production problems? Or are you still receiving problem coins?

  7. Dan says

    Hi ABC

    I ordered my 2 uncirculated frances coins around 12 and originally they were both backordered. After reading your post I checked my order and it now says in staock and reserved, go figure. In regard to the quality, I orderd 2 Alice Paul coins right away and they both came and were perfect as far as my bare eye could see ( I keep them all ogp ). Previously I had been returning the spouse coins on a regular basis over the last 2 years in reference to the qauality. Both Lucy and Lucretia took three attempts or six coins total to get 2 keepers of each. Simetimes I wonder if that had something to do with the low number out there. I wonder how many of us might have had problems???.

  8. Frankie says

    Regarding the 5oz Denali, we had almost the same situation with the Chickasaw a year ago. I bought a few more only to be told a little later that the mint decided to continue minting them in 2012. I wouldn’t worry about the Denali right now. I’m pretty certain the mint will start minting again…

  9. McLovin says

    Frankie, I did the same as you last year buying more chickasaws then I’d usually would. Not sure what to think this time around.

  10. Jack says

    Seems like there’s a lot of off topic discussion in this post, I mine as well bring up another off topic discussion. Anyone know when the final mintage on the SF sets will be released? I thought we were supposed to have it by now, it will be interesting to see what happens to the value of sets on eBay, could go up, could even go down to less then $150. I’ve seen many people loosing money on the sets on eBay, one went for $160 with free shipping, the shipping alone would be close to $10, then once you add in all the fees, some of these people are loosing money!

  11. Samuel says

    Jack, u probably only saw one side of the story. i believe short term, people make money on the 70 sets. even though they sell the not-70 for $120, they still make money.

  12. Mint News Blog says

    Jack- The US Mint has still not released an updated sales total for the SF Sets. I have been following up regularly and will pass along the info as soon as it is available.

  13. Nate says

    The Federal Register just published the price for a ‘2012 Limited Edition Silver Proof Set’ at $149.95. I don’t see this listed on the Mint’s product schedule. Is this a product that was previously unannounced?

    What would be in it? The 2012 silver proof set and one of each silver proof commem would be $177.85 purchased separately. The 2012 silver proof set and a silver eagle proof would be $127.95 purchased separately. Neither seem to come close enough to the correct total.

    https://s3.amazonaws.com/public-inspection.federalregister.gov/2012-28035.pdf

  14. JohnT58 says

    Concerning the Denali bullion, the situation is a little different than with last year’s Chickasaw. The Chickasaw coins were already minted but we did not think that they could be sold into 2012. The Denali coins are not minted and 2012 coins cannot be minted in 2013. I picked up a few extras just in case. Thanks to Steve for bringing the situation to our attention.

  15. Kraw says

    @ Nate

    On the previous post it was explained in the comments this ‘2012 limited edition silver set’ is a ASE proof coin and only the silver coins from the regular S-mint mark proof set. OVERPRICED

  16. Frankie says

    Re Denali, I don’t trust the US Mint anymore. They may have stopped production, but perhaps only for the Thanksgiving break… Plus, if you read the earlier comment – the mint apparently said they “suspended” production. That’s different from “stopped”. There are still some 6 weeks left in 2012 – enough to mint more than the market will scoop up (see 2011 ATB’s).
    I now have 5 extra Chickasaws because of last year’s misinformation (although I shouldn’t complain as I got them at $166.70 each), but I’m not falling for this one again… I got one and that’s enough for me!

  17. ClevelandRocks says

    Funny how folks are now spending over $3000 for 2012 w AGEs.
    Doesn’t make to me since it really is a “vanilla” coin. For the same $ you can buy a much nicer looking reverse gold proof AGE or a nice ms64 Hawaiian classic commemorative both with low mintages and much nicer to look at.

  18. DCDave says

    2012 FS may give us new lows too. I’d flip UNC Hayes and Garfields now while you can. I’d flip a ’12 Burnished gold eagle too right about now if I could!
    I’ve got a few UNC gold Army comms that I was sure would make tons from…

  19. DCDave says

    The “ugly” Cleveland is on backorder. Maybe they will sell out with only a few hundred sold. That would really crush the price of all other speculative low mintage gold coins…

  20. JM says

    I’m not saying they won’t be a super low mintage coin or a great investment, but these coins are pretty ugly.

  21. hi ho silver says

    Your right JM. Most of these people buying this FS crap will be flipping next year for a 2013 buffalo anyway. Nuts to the mintage , I have no desire to own this series , but it would be awsome to see a full set when its all said and done.I’m just sittin back and waiting for final mint figure for the 2012 SF set. I guess 249,300 MHO.

  22. saucexx says

    hi ho,

    I cancelled 8 sets myself so I wouldn’t be surprised to see the number drop more than that. It would be funny to see the final number come in under the 20th ann. set. Those raw sets might actually be worth something.

  23. hi ho silver says

    I’m thinking we should know within 2 weeks saucexx !! Everyone that ordered on the last day had ample time to return, cancel, or get a refund. Good Luck !!

  24. ABC says

    Was the Frances Cleveland proof on backorder from the beginning of its sales or was it actually ready to ship for a short period of time?

  25. Louis says

    I believe the proof went immediately to backorder, but the BU was available from the getgo.
    Have you folks noticed that the SSB unc backorder date keeps getting pushed back?

  26. phillip says

    @JM. Have to disagree with you on this one. Frances Cleveland was a babe and this coin will be beautiful. For some reason they don’t show well in the internet pictures. Did you know she was 21 years old when she became First Lady? I’ll take a babe to a buffalo, panda, maple leaf, or whatever any day! lol

  27. Craig says

    I know many of my fellow collectors despise this series, but I love that each coin is totally unique. I truly beleive the 2012 pieces will be key since they all were released so close together at a time when the price of gold is relatively high. In other words, a big cash outlay, (for me anyway), over a short period of time.

    I have collected the proofs and they are very nice in hand. I think as we get further along, this series may pick up some interest whith first spouses that are more relevent to todays society. Lastly, I just don’t see how you can go wrong with a low mintage pure gold coin.

  28. Micro says

    @Louis, I’ve been watching the backorder date on the SSB unc very closely. This is the same behavior I saw on the last coin I tried to get that had gone to backorder. The date kept getting pushed forward until it finally was cancelled by the mint. I’m hoping it will be different this time and I’ll luck out, but I’m not holding my breath.

  29. george glazener says

    @Philip;
    Yes, she was a beautiful (first) lady. But did you notice that the image they first proposed for her a year ago was much different than the one we’re now getting? The original image showed a softer, sweeter, more feminine face. Now she looks more hawkish and mean. Maybe she rolled over in her grave after hearing the news on Nov. 6, and that’s how they captured her. Just wondering if anyone else noticed the difference

  30. Louis says

    Micro- I just got the weekly sales report and you will not believe how many SSB coins were sold, over 1,000 on the past week!! I decided to cancel my order for an extra one while I still can. I don’t understand how they can backorder it and sell 500 one week, 1000 the next week, etc. At this point I do not think the coin will have very much premium, but the 1/2 ounce AGE proof should. Maybe a lot of people will cancel when they find out what happened with the SSB.

  31. phillip says

    @george. That’s exactly what I’m talking about. Pictures of the Alice Paul coin made her look hard and angular on the mint site and on this site. I was almost afraid to order her. She looks much, much better in hand — like the black and white line drawings you see when the designs are originally purposed and selected. Much rounder, softer and really beautiful. I think Frances will be the same. She looks much older on the second term coin, but she was still, what, 29 years old? Nobody’s ever going to want these coins though, so I just collect them for myself 😉

  32. george glazener says

    All this talk of hot looking First Lady Spouse Coins makes me anxious to see Eleanor Roosevelt in a few years…!!!

  33. phillip says

    Frances arrived today and she looks just lovely. Both the outer packaging (brown instead of gold) and the display box (brown instead of cherry) have changed from all the prior spouses in the collection. No big deal but kind of weird they would change it now.

  34. phillip says

    The United States Mint will begin accepting orders for the Caroline Harrison First Spouse Gold Coin at noon Eastern Time (ET) on December 6, 2012. The coin’s obverse (heads side) features Harrison’s portrait and the inscriptions CAROLINE HARRISON, IN GOD WE TRUST, LIBERTY, 2012, 23rd, and 1889-1892. The coin’s reverse (tails side) design represents Harrison’s love of flowers, depicting a close-up of an orchid and paint brushes. Inscriptions are UNITED STATES OF AMERICA, E PLURIBUS UNUM, $10, ½ OZ., and .9999 FINE GOLD.

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