The US Mint will begin sales of the Mary Todd Lincoln First Spouse Gold Coins today, December 2, 2010 at 12:00 Noon ET. This will represent the final release of the year for the 24 karat series and one of the most well known First Ladies.
The obverse of the Mary Todd Lincoln Gold Coin features her portrait, as designed and sculpted by Phebe Hemphill. Inscriptions include “Mary Todd Lincoln”, the motto “In God We Trust”, “Liberty”, order of the Presidency “16th”, years served “1861-1865”, and the date and mint mark.
On the reverse of the coin is s scene of Mary Todd Lincoln bringing books and flowers to wounded Civil War soldiers, designed by Joel Iskowitz and sculpted by Phebe Hemphill. The surrounding inscriptions include “United States of America”, “E Pluribus Uumu”, the face value “$10”, bullion weight “1/2 oz”, and fineness “.999 fine gold”.
The coins will be available in proof or uncirculated versions, priced at $854 and $841, respectively. This will be the highest initial pricing for a coin of the series to date. The price is set based on an average gold price within the $1,350 to $1,399.99 range. Coin prices could change weekly based on the price of gold.
Sales levels for the 2010 releases of the First Spouse Gold Coins series have been outpacing the previous year, and the current release will no doubt continue the trend.
The US Mint has established a maximum mintage of 20,000 coins across both versions. This is 5,000 coins higher than the levels established for the other 2010 releases, but still just half of the limits established for the first three years of the series.
The Mary Todd Lincoln First Spouse Gold Coins are offered with no household ordering limits. The coins will remain available for sale until the maximum mintage has been sold, or approximately one year, whichever occurs first.
So far, the First Spouse Gold Coins that have experienced the best secondary market performance have been those with low mintages. Mintages reached their lowest point with the Julia Tyler Gold Coin, which was only available for about ten months due to scheduling.
Looking ahead to next year, the First Spouses honored will be Eliza Johnson, Julia Grant, Lucy Hayes, and Lucretia Garfield. With no obvious “hot spots” like this year’s schedule and ever escalating prices, will a new mintage low be established?