The 2009 Sarah Polk First Spouse Gold Coin will go on sale at the US Mint September 3, 2009 at 12:00 Noon ET. This will be the fourth release this year for the 24 karat gold coin series crated to honor the First Spouses.
The obverse of the coin features a portrait of the First Lady. The reverse features a scene of Sarah Polk working side by side with her husband in the White House. She had devoted her married life to supporting her husband’s political career. When James K. Polk became president, she served as his private secretary. Both the obverse and reverse were designed and sculpted by Phebe Hemphill.
The coins will be available in proof or uncirculated version, both produced at the West Point Mint. Each coin contains one-half ounce of 24 karat gold. A maximum mintage of 40,000 coins has been set across both versions. However, there have been no releases for the series that have managed to reach the maximum mintage since the 2007 release of the Thomas Jefferson’s Liberty Gold Coin.
There will be an initial ordering limit of ten coins per version per household. This ordering limit has been typically lifted at a later date.
Pricing for the Sarah Polk First Spouse Gold Coin will be determined under the US Mint’s pricing policy for gold and platinum numismatic products. Prices are based on the average London Fix price of gold over a one week period. If the average price from August 27 to September 2, falls within the $900 to $949.99 range, then the prices of the coins would be $629.00 for the proof version and $616.00 for the uncirculated version. If the price range falls within the $950 to $999.99 range, then the prices would be $654 and $641.
Provided that the US Mint keeps with its recent procedures, the Uncirculated version of the 2008-W Andrew Jackson’s Liberty Gold Coin should go off-sale on the same date. Sales of the proof version of the coin had unexpectedly ended on August 17, 2009.