Yesterday, the uncirculated version of the 2011-W Lucretia Garfield First Spouse Gold Coin was marked as “sold out” on the US Mint’s website. This is the second coin of the series to sell out this week, following the uncirculated version of the Lucy Hayes coin on Monday.
The secondary market response to the Lucy Hayes sell out was swift, with collectors quickly purchasing all available coins from online coin dealers and eBay. (There is now a new wave of listings at much higher price points.) It seems probable that many collectors also decided to order the uncirculated Lucretia Garfield coins, which were still available from the US Mint at this point, sensing a similar low mintage and looming sell out. Whatever the number of orders placed, they quickly exhausted the US Mint’s remaining inventory resulting in the sell out.
The Lucretia Garfield First Spouse Gold Coins originally went on sale at the US Mint on December 1, 2011. The maximum mintage across proof and uncirculated versions was 15,000 coins, although the US Mint seems to have produced considerably less than this amount. Initial pricing was $1,029 for the proof version and $1,106 for the uncirculated version. These prices were adjusted weekly based on the market price of gold and reached a lows of $954 for proofs and $941 for uncirculated coins just before the sell out. The proof version of the coin still remains available for sale.
Sales figures for the 2011 First Spouse Gold Coins from this week’s sales report are shown below. These represent sales through August 6, 2012.
|FIRST SPOUSE GOLD COINS|
|Eliza Johnson Proof (2011)||3,907*|
|Eliza Johnson Uncirculated (2011)||2,905*|
|Julia Grant Proof (2011)||3,969*|
|Julia Grant Uncirculated (2011)||2,836|
|Lucy Hayes Proof (2011)||3,352|
|Lucy Hayes Uncirculated (2011)||2,243*|
|Lucretia Garfield Proof (2011)||2,954|
|Lucretia Garfield Uncirculated (2011)||1,973|
When these sales figures were compiled, the uncirculated Lucretia Garfield coin was below 2,000 coins in total sales. However, as I mentioned above, it is possible that ordering activity was heavy this week, which could bring total sales to a similar level with the uncirculated Lucy Hayes coins.
There is still no word on the status of the 2012 First Spouse Gold Coins. The US Mint announced the design selections for the coins way back in April, but since then there has been no indication of the release date, maximum mintages, or other ordering details.