Rutherford B. Hayes Presidential $1 Coin & First Spouse Medal Set

The United States Mint will begin accepting orders for the Presidential $1 Coin & First Spouse Medal Set featuring Rutherford B. Hayes and Lucy Hayes on September 22, 2011 at 12:00 Noon ET.

This product includes one uncirculated Rutherford B. Hayes Presidential Dollar and one Lucy Hayes Bronze Medal mounted on a plastic display card. The card includes portraits of the President and First Lady on the front and issuance information on the back.

The price for each set is $14.95. There is no stated maximum product limit or household limits imposed.

All of the previous releases for the product type from 2010 and 2011 remain available for sale on the US Mint’s website. The 2010 releases for Millard Fillmore, Franklin Pierce, James Buchanan, and Abraham Lincoln are priced at $11.95 each. The 2011 releases featuring Andrew Johnson and Ulysses S. Grant are priced at $14.95 each.

This product type has been offered since the start of the Presidential Dollar Program, even surviving a broad realignment of the US Mint’s product catalog which took place at the end of 2008. At that time, other Presidential numismatic products such as the Historical Signature Sets, individual proof coins, and 250-coin bags were discontinued.

Numismatic Gold Coin Prices Decreased

Yesterday’s post mentioned the potential for a price decrease for the US Mint’s numismatic gold products. Although gold was above the $1,800 mark for some of the day, the London PM fix price was $1,793, which allowed a pricing adjustment to take place.

The proof and uncirculated Gold Eagles, proof Gold Buffalo, proof and uncircualted First Spouse Gold Coins, and proof and uncirculated $5 gold commemorative coins had their prices decreased by one pricing increment. Basically, this resulted in a price decline of $50 for each ounce of gold content.

The price of the recently released Lucy Hayes First Spouse Gold Coin is now back to the initial levels at $1,041 for the uncirculated version and $1,054 for the proof version. After the start of sales on September 1, these prices were in effect for less than 24 hours, before the rising market price of gold caused the US Mint to suspend sales. The product was not available until the following week, when sales were resumed with the price two increments higher.

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Comments

  1. ClevelandRocks says

    Tomorrow also brings the first of the 2011 5ozb ATBs, Gettysburg.
    This will have a 35k max as opposed to the 27k (except a bit more for GC).
    Initial limits will be 5 instead of 1. Later ’10 ATBs still took a while to sell out with limits removed. Mt. Hood still has plenty available.
    I think the ATB Ps are done, at least for now, with popularity.
    Some nice values for NGC MS 69PL (“bullion”) on ebay for those with the funds.
    Overall, too much expensive PMs from Mint, killing our savings.
    Mint: please give us a break! I’m forced to pass on all clad options and medals since I’ve spent too much already, and they really will never hold value. I hope my ’11 w gold Eagle will have a big premium!

  2. MarkInFla says

    Here’s an interesting story about the US and European governments conspiring for decades to keep the price of gold down to keep their currencies strong and how now they might not be able to keep it up with China and other countries wanting to accumulate gold.

    So that’s why gold didn’t even keep up with inflation since the 1980s, but now is catching up!

    http://www.zerohedge.com/news/gata-gold-price-suppression-grows-more-brazen-maybe-asia-will-defeat-it

  3. ClevelandRocks says

    Silver below $38 this am. Gettysburg sales will be terrible. I just heard PMs are tanking due to the strong US dollar. Can someone explain to me why the dollar is getting stronger when the government is printing so much of it?

  4. Frankie says

    For some reason, the US Dollar is still seen as a safe haven – doesn’t make a lot of sense, but what else is out there? It would have been the Euro, but thanks to some European countries it won’t be for quite some time…
    I hope the mint will lower their prices for some of their silver coins – here is wishful thinking…!

  5. Brad says

    I’m definitely playing the “wait and see” game when it comes to the 2011-P ATB’s. If sales get too high, I probably won’t even buy them at all. I’ll just sell my 2010’s and continue to focus on my First Spouse sets.

  6. says

    Cleveland, the reason metals prices are imploding is because of what’s going on in the EU. The turbulence there is getting so bad that there is a panicked stampede into the dollar going on. Bernanke did not announce QE3 yesterday (the main vehicle by which the government has been printing money), which also contributed to surge in the dollar. Unfortunately it looks like that while gold has gained SOME credibility (see what happened after the S&P downgrade) it hasn’t gained enough yet to become the primary flight to safety vehicle.

    My private suspicion is that until Greece finally defaults, we’re going to see continued Euro weakness and dollar strength. In the medium term the weakness in metals prices is good news for us as it means they may sell the anniversary set for a lower price, or even cut prices on the AtBs (though I don’t see the latter unless silver gets under $30). I will be honest – this feels a lot like 2008 to me, so we may see massive destruction ahead in metals prices. Do not panic and run out and sell your bullion. We will recover once the money printing resumes, or once something bad happens in the US to weaken the dollar (such as further credit agency downgrades).

  7. stephen m. says

    CleavlandRocks And The Captain: Could this be the start of the period of deflation that has been talked about for so long that we are supposed to be in? Maybe.

  8. says

    Stephen,

    It could be, but I doubt the government is going to permit that to happen. They’ll wait for commodities to get whacked down good and hard first before doing QE3. They don’t want prices (of wheat, corn, rice, cotton, oil, and of course gold, etc) to inflate too far out of control, or you get Egypt here in the United States, and if things go too far the deflation route we start losing more businesses to bankruptcy, more job losses, that sort of thing.

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