Late yesterday, the uncirculated version of the Mary Todd Lincoln First Spouse Gold Coin sold out at the US Mint. This continues the string of early sell outs experienced for the 2010 releases of the 24 karat gold coin series.
On February 8, the proof version of the James Buchanan’s Liberty Coin unexpectedly sold out. This occurred after just a little more than five months of availability and at a sales level much lower than the maximum stated mintage. With the exception of the first three releases of the series, which sold out immediately at the full maximum authorized mintage, First Spouse Gold Coins had generally remained available for approximately one year.
The reason for the early sell out was because the US Mint had underestimated demand for the coins and did not produce enough to last for the expected duration of the product offering. Since the year 2010 had already closed, no further coins could be struck.
Similar early sell outs occurred for other 2010 releases. In March, the proof Jane Pierce, uncirculated Jane Pierce, and uncirculated Abigail Fillmore coins sold out. In April, the uncirculated James Buchanan’s Liberty coin sold out.
In May, sales ended for the proof Abigail Fillmore coin, to coincide with the release of the Eliza Johnson coins. This was one instance where the coin did remain available for the full expected duration of the offering.
The Mary Todd Lincoln First Spouse Gold Coins originally went on sale December 2, 2010. In anticipation of higher demand for the issue, the US Mint had set the maximum mintage at 20,000 coins across the proof and uncirculated versions. This compared to a level of 15,000 set for the other 2010 releases.
The sell out of the uncirculated version occurs after just six months of availability. The latest available US Mint report shows sales of 3,760 coins, which seems very low for a coin that was expected to be one of the more popular issues of the series.
Included below are the last reported sales figures for each of the 2010 First Spouse Gold Coins. The only one that still remains available at the US Mint is the proof version of the Mary Todd Lincoln coin.
|Abigail Fillmore Proof||6,143|
|Abigail Fillmore Uncirculated||3,489|
|Jane Pierce Proof||4,843|
|Jane Pierce Uncirculated||3,333|
|Buchanan’s Liberty Proof||7,304|
|Buchanan’s Liberty Uncirculated||5,348|
|Mary Todd Lincoln Proof||6,236|
|Mary Todd Lincoln Uncirculated||3,760|