The 2009 Margaret Taylor First Spouse Gold Coins will go on sale at the US Mint on Thursday, December 3, 2009 at 12:00 Noon ET. This will represent the fifth and final release of the year for the 24-karat gold coin series.
The obverse of the coin features a portrait of Margaret Taylor designed by Phebe Hemphill and sculpted by Charles Vickers. Inscriptions indicate the order of the Presidency “12th” and the years of the term “1849-1850”. The reverse of the coin depicts the First Lady helping an injured soldier during the Seminole War, as designed by Mary Beth Zeitz and sculpted by Jim Licaretz.
The coins will be available in proof or uncirculated version with a maximum combined mintage of 40,000 across both options. This same maximum level has been set for each release of the series, although no coins have reached the maximum since 2007. An ordering limit of 10 coins per household will be in place for the first week of sales, after which the limit will be extended, adjusted, or removed.
The prices for the Margaret Taylor First Spouse Coin will be determined based on the US Mint’s new pricing policy. If the average London Fix price of gold from the prior Thursday through this Wednesday remains within the current range of $1,150 to $1,199.99, then the proof version of the coin will be priced at $754 and the uncirculated version will be priced at $741. This will be the highest initial offering price for a First Spouse Gold Coin to date.
On December 3, 2009, sales of Martin Van Buren’s Liberty Gold Coins are scheduled to end. These coins have been available from the US Mint since November 25, 2008 and have sold 7,384 proof coins and 4,266 uncirculated coins as of the last weekly sales report.
In closing, I wanted to provide the results of a survey from a few weeks ago. The survey was included in a post where I went over some of the arguments in favor and against the long term prospects for the series in terms of potential price appreciation. Readers were split almost exactly equally amongst the three options.
Prices will remain around gold value.
102 votes (33%)
Small premiums will develop for low mintage coins.
103 votes (34%)
Big premiums will develop for low mintage coins.
102 votes (33%)