Theodore & Edith Roosevelt Presidential $1 Coin & First Spouse Medal Set

Earlier today, November 26, 2013 at 12:00 Noon ET, the United States Mint began sales of the Presidential $1 Coin & First Spouse Medal Set for the Presidency of Theodore Roosevelt.

set

Each set contains one 2013 Theodore Roosevelt Presidential Dollar and one Edith Roosevelt Bronze Medal. The coin and medal are mounted in a plastic card containing images of the President and First Lady on the front and issuance information on the back.

The sets are offered without a stated product limit or household ordering limit. The price is $9.95 per set.

As one of the better known Presidents and with ties to numismatics, this release may prove to be more popular than previous releases. The only Presidential $1 Coin & First Spouse Medal set to achieve a sell out in the past three years has been the set for Abraham & Mary Todd Lincoln which had sales of nearly double the prior release.

I plan to order one of the Theodore Roosevelt sets for my collection, but I will wait until the end of the week in case the “Black Friday Savings” (mentioned in the previous post) turns out to be free shipping.

goldGold and Platinum Numismatic Product Price Decrease Possible

Based on the available data, it is possible that prices for the United States Mint’s numismatic gold and platinum coins may be decreased tomorrow. As most readers know, these products are priced under a flexible system which allows prices to be adjusted as frequently as weekly based on changes in the average market prices of the metals.

The average price of gold for the weekly period will likely fall into the $1,200 to $1,249.99 range. This is one tier lower than the range used to establish current prices. In the most likely scenario, as long as the Wednesday PM London Fix price is below $1,250, then prices for numismatic gold products would be decreased by the proportional equivalent of $50 per ounce of gold content.

Impacted products would include the 2013 Proof Gold Eagles, 2013 Proof Gold Buffalo, 2012 & 2013 First Spouse Gold Coins, and 2013 gold commemorative coins.

The average price of platinum for the weekly period will likely fall into the $1,350 to $1,399.99 range. This is one tier lower than the range used to establish current prices. In the most likely scenario, as long as the Wednesday PM London Fix price is below $1,400, then the price for numismatic platinum products would be reduced by $50 per ounce of platinum content.

Impacted products would include the 2012 & 2013 Proof Platinum Eagles.

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Comments

  1. VARich says

    Back on the ‘Savings’ – surely, for the mint to post a big banner with stars and “Our First Ever,” there must be more to it than free shipping. The mint is trying to build considerable enthusiasm around the event with the new banner.., how so do you not disappoint the masses if it’s just free shipping?

    I’ve been hearing about Black Friday shopping for a week around here enough to make my head hurt, so guys help me out and build some enthusiasm as to what this sale maybe so I’ll have something to look forward too…please!

    For starters I’m thinking we’ll see a discount on 1) clad offerings from past years, or 2) with the rise in premiums, the mint is in a position to return a little $ to us and will keep prices the same, though offer graduated discounts like $5 off $100.., or $50 off a $1,000 purchase, and so on. Probably a pipe dream.., and wishful thinking.

  2. Brad says

    $50 off of $1,000 would be sweet! Both Edith Roosevelt and Helen Taft would qualify for that discount since I plan to buy one of each, proof and unc. However, I do believe you really ARE dreaming. Free shipping is probably as good as it’ll get. I don’t need any clad offerings from past years.

  3. thePhelps says

    Rich… perhaps the mint can’t offer to change the price on individual products they sale… but there is nothing to stop them from offering a cash out sell. Buy $100 worth of mint products and get $10 off and free shipping. Buy $250 and get $25 off and free shipping etc… so it doesn’t violate the laws pertaining to the price of specific products – but adds a discount price.

    Just looking for something different because I agree – free shipping isn’t going to entice me on many of the offerings because I already have most of what I want that is available.

  4. Ray says

    I’m holding off on purchases now. I hope nothing sells out before they offer free shipping. A graduated discount would be excellent!

  5. KEITHSTER says

    I’m thinking all Pres. and NA. dollars at face plus free shipping like the old days and they got to move them out to make the money? Or maybe a discount on all the last chancers those got to go also ? But if you want to dream how about a buy one get one free ya right:) What’s up with the change to 12-20 on the unc $ set hope someone opp’sed and ??? Good luck all &HH

  6. Jon in CT says

    The Mint’s first ever Black Friday sale will include free shipping PLUS, beginning Wednesday afternoon, a $50/ounce price reduction for gold products. 🙂

  7. fmtransmitter says

    OT but related to coinnews…The new 14′ Platinum ? Seriously? The CCAC really needs a reality check. They turned down some really nice desgins to entice buyers of this very expensive series…

  8. Brad says

    Jon,

    I just hope we don’t get cheated out of that $50 per ounce reduction on gold coins. The price is only a few bucks below $1,250 at the time of this writing. If it rebounds much at all in the morning when the U.S. Market opens, we’re screwed for the Wednesday pm fix.

  9. Ray says

    I guess they could discount the non coin containing products to anythin they want without a post in the FR. Not really sure how all that works. Would be nice to list a nice long list of entries in the FR. I doubt what I’m waiting to buy will be discounted.

    Rough calls on the FS 2014s and the platinum coin. Those people on that board should be ousted.

  10. Dustyroads says

    The London fix is manipulated on a regular basis by the big boys to suit their own needs. Yes ser

  11. fmtransmitter says

    Well, that slabbed 69 Rushmore puck showed up. I couldn’t see anything at first but sure enough, after I took a picture, there is a slight tiny scratch right on his nose like a zit, right in the middle of the coin! Grr…Oh well, that is why it was a 69 and not a 70. I know I have a 70 in OGP so all good. That slab is huge! Got 002.

  12. Sith says

    Yes they are suppose to be investigating the London Fix, I imagine it will only take them 18 months to say nothing is wrong, just like they did with LIBOR…until it blows up in their face

  13. fmtransmitter says

    I meant to say this earlier, ANOTHER reason why I really really love that fortuna redux is simply because the TPG’s cannot get their hands on them! Ha! Love it! It forces one to simply enjoy the art work in all it’s glory naturally, un biased, un adulterated by anyone else’s opinion but the one who owns the piece of art. TPG’s have their place and IMHO, it is for old rare coins ONLY. Their place in modern coins leaves much to be desired, but, this is a free market, and market they will.

  14. fmtransmitter says

    For you flippers on the bullion’s, find a really good metal worker in your area and have them give those a once over,pay him well, and your odds of getting that DMPL designation will go way up. It is not rocket science. I suspect that is what is already being done.

  15. Sith says

    fmt -The TPG’s are good at discovering doctored coins, that is one of the main reasons they even exist. At $700 for 6 oz of silver I will pass on the Fortuna Redux, and don’t count on the TPG’s not to get their hands on it, if they get popular they will get encapsulated

  16. Ray says

    I would have bought that Fortuna Redux if the price wasnt so steep. It was a huge turnoff being that excited than seeing the price.

  17. VARich says

    Thanks Gentlemen, I’ll anxiously await to see what shows up Friday morning with wish list and a cup coffee in hand for some fun! I’d like to see a few others, namely Provident, follow suit with a big sale though I think they’ll be closed.

    Yeah, what’s up with the Unc dollar set pushing out again, mint’s having a time with it on this packaging. Maybe the HOF baseball coin open window should run during the month of February so all orders will be fulfilled by October (of ’14)

  18. Jon in CT says

    Drat. The morning gold fix in London wa $1250.75, which doesn’t bode well for the afternoon fix being less than $1,200.
    🙁

  19. Brad says

    I’m not counting on it. The price is just high enough right now to spoil it. The fix will probably come in almost exactly at $1,250. Man this sucks.

  20. Jon in CT says

    The final 2014 first spouse gold coins, for Edith Wilson, have been assigned an initial release date of 12/16/2013.

  21. fmtransmitter says

    @Sith, while I agree with your comment, the bullion puck is a chunk of PM, those chunks are used daily in industry and polished. I would like to know how a TPG can tell if an already polished coin was polished? I agree, there is no way to doctor the vapor blasting P’s, but the bullion’s can be polished virtually un detected IMHO, they were already polished once!

  22. Brad says

    Now the gold price is slipping, but is it already too late? Please, let the pm fix be at $1,249.75 or less!

  23. thePhelps says

    fm … on the polishing thing. if it is questionable they will flag it as damaged and or just not grade it.

  24. Jon in CT says

    Just got an email from the Mint which explains their Black Friday/Cyber Week special is free shipping from November 29 – December 6 on domestic Web orders only,

  25. Brad says

    I’m wondering, since the 2012 First Spouses were struck so long ago when gold was much higher, will the Mint be losing money selling them at $815 and $795? If so, wouldn’t it be better to melt the remaining ones down and use the gold for a profitable product?

  26. Brad says

    Jon,

    I figured free shipping was as good as we would get. At least I can use that on my Edith Roosevelt and Helen Taft coins. Too bad I won’t be able to get it for the Wilsons, too. But hey, I’m just glad I can at least save $100 total on the Roosevelt and Taft coins!

  27. Jake says

    Brad, I agree the 2012 First Spouse coins should be removed from sale. It has been over a year.

    However, your logic is a little confused, the gold has been purchased in the past at a specific price, nothing can change the past. Not even if the mint melts the first spouse coins and makes new coins. The price of the gold remains the same. The mint just incurs more costs (melting and making new coins).

  28. A&L Futures says

    @ Jon in CT et al.

    With spot in decline, I too had hoped for a little more than FREE SHIPPING. Then again, are we “really” surprised by this?

  29. fmtransmitter says

    @thePhelps, I agree. The key is IF. In the hand of an experienced metal worker there is no way to detect if a hunk of metal was re polished, period. In the hands of an inexperienced worker, sure! Free shipping, left over Turkey for all! Rejoice and give thanks!

  30. fmtransmitter says

    Example, I have a close friend, is a precision machinist, making parts that go into our Country’s highest end Military arsenal. The parts are 24kt gold plated, etc. The parts have to be mirror perfect and pass inspection or the owner will not get his money for making said product. I am simply stating my opinion and IMHO to achieve a DMPL designation a bullion the size of the puck it would not be difficult to do in the right hands of a skilled worker.

  31. thePhelps says

    Well… the mint provided a turkey for their first ever black friday offering…

    Where is Keithster with his puns when you need hm?

  32. thePhelps says

    fm… while I agree it can be done. Lets take it in context… you submit the first and only highly polished clean MS70+ coin the series has ever seen… and you don’t think someone will throw up a flag and say…how is this possible?

  33. Brad says

    Jake,

    I didn’t mean to use the gold for more First Spouses, I meant use it for something that would make more money where more units are sold. It doesn’t really matter anyway though, since the Mint doesn’t make their own blanks. Melted gold could only be sold back to those who make the blanks for them, which would be kind of counterproductive.

    At least the overproduced 2012’s hanging around forever should make the Mint more likely to strike fewer 2013’s, so maybe they will be worth more. The lower purchase prices for them are a nice thing, too. I sure wish I had known the 2012’s were going to hang around forever. I could have avoided paying $1,004 for each proof and $991 for each unc! If only foresight was 20/20 like hindsight!

  34. says

    As for free shipping…I was planning on buying 4 or 5 more Rushmore 5 oz coins…I may just place 4 pr 5 individual orders…maybe they will sell for more that way down the road.

  35. Ray says

    I also agree that the 2012 FS coins should all have ended. But look at the 2012 platinum eagle. That’s been on sale along with the 2013 for some time now. I always thought that the previous years PM products would be pulled once the current years was released. Guess they’re doing whatever they want. Its just one more thing to add to the list of improvements the mint could make for collectors.

  36. says

    BLACK FRIDAY and the GOLD SPOUSE COINS are not for sale????? I went to the Mint page and there is no way I could buy some FS coins! What is up with that? Anyone else try to get an order in? Maybe this is GOLD COINS Period! Back to check that out!

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