The uncirculated version of the 2011-W Julia Grant First Spouse Gold Coin has now “sold out” according to the United States Mint’s website. The number of remaining 2011-dated coins available from the Mint continues to dwindle, while the 2012-dated coins continue their delay.
The Julia Grant coins originally went on sale June 23, 2011. The maximum mintage across both proof and uncirculated versions was indicated at 15,000 coins. However, as we have seen in the past, the US Mint produced considerably fewer than this amount prior to the close of 2011.
On March 30, 2012, the proof version of the coin had sold out after roughly nine months of availability. The last reported sales were 3,969.
According to the latest sales report released today, the uncirculated version had last reported sales of 2,952. Although this is a low figure within the overall series, it remains above the last reported sales levels for the recently sold out uncirculated Lucy Hayes and uncirculated Lucretia Garfield coins. The last reported sales figures for those coins were 2,263 and 2,498.
The US Mint stopped providing weekly updates on the sold out Lucy Hayes and Lucretia Garfield coins, although it seems conceivable that the actual numbers may continue to move. Several collectors report having orders for the coins on backorder status. The prospects of these orders being fulfilled remains uncertain. In the past, I have had orders for recently sold out products linger on backorder for many weeks and in some cases get fulfilled, while in other case the orders were cancelled. The final order cancellations and also any late order returns would presumably be reflected in final audited sales numbers, whenever they are made available.
Currently, only two 2011-dated releases of the series remain available for sale: the proof Lucy Hayes and poof Lucretia Garfield. No new information has been provided on the release of the 2012 First Spouse Gold Coins since the last update provided here.
Numismatic Gold Product Price Increase Possible
Based on the available data, it seems likely that there will be a price increase for US Mint numismatic gold products tomorrow.
The available London Fix prices for the relevant period are within the range of $1,650 to $1699.99, which is one tier higher than the range currently used for pricing. In the most likely scenario, as long as the Wednesday London PM Fix price is above $1,650, then a price increase will take place.
Price changes have usually been implemented around mid-morning on Wednesdays.
For now, it seems that the price of the single platinum numismatic product will remain unchanged for the week.