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First Lady $10

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monster's Avatar
United States
414 Posts
 Posted 12/14/2006  4:18 pm Show Profile   Bookmark this topic Add monster to your friends list Get a Link to this Message Number of Subscribers
Designs for the four 2007 First Spouse gold $10 coins will be unveiled at 10 a.m. Dec. 19 during a closed ceremony at the National First Ladies Library in Canton, Ohio.

According to https://www.coinworld.com
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Spider5689's Avatar
United States
2269 Posts
 Posted 12/15/2006  07:10 am  Show Profile   Bookmark this reply Add Spider5689 to your friends list Get a Link to this Reply
I wonder when the mint will decide to reveal the cost, for the first ladies gold set.
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Dockwalliper's Avatar
United States
342 Posts
 Posted 12/15/2006  08:21 am  Show Profile   Bookmark this reply Add Dockwalliper to your friends list Get a Link to this Reply
You have to figure 1/2 oz. gold proofs will be $400.
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amac44's Avatar
United States
3242 Posts
 Posted 12/15/2006  09:14 am  Show Profile   Bookmark this reply Add amac44 to your friends list Get a Link to this Reply
They won't sell so they maybe a low mintage coin. One to keep your eyes on!!
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monster's Avatar
United States
414 Posts
 Posted 12/15/2006  09:30 am  Show Profile   Bookmark this reply Add monster to your friends list Get a Link to this Reply
Does anyone think it will be a good buy for low mintage? $1200 a year for 10 to 11 years are a lot of money.
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TSmith3510's Avatar
United States
455 Posts
 Posted 12/15/2006  12:33 pm  Show Profile   Bookmark this reply Add TSmith3510 to your friends list Get a Link to this Reply
I could see collecting the notable ones, Dolly Madison, Mary Lincoln, Jackie O, etc., but unless the mint is going to issue 10th oz pieces this is going to be prohibitively expensive. Is there any talk of smaller pieces?
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SE's Avatar
United States
256 Posts
 Posted 12/15/2006  12:47 pm  Show Profile   Bookmark this reply Add SE to your friends list Get a Link to this Reply
quote:
Originally posted by monster

Does anyone think it will be a good buy for low mintage? $1200 a year for 10 to 11 years are a lot of money.

Exactly why they are doing it! If you make it, they (we) will come!
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Dockwalliper's Avatar
United States
342 Posts
 Posted 12/15/2006  3:29 pm  Show Profile   Bookmark this reply Add Dockwalliper to your friends list Get a Link to this Reply
quote:
Originally posted by TSmith3510

I could see collecting the notable ones, Dolly Madison, Mary Lincoln, Jackie O, etc., but unless the mint is going to issue 10th oz pieces this is going to be prohibitively expensive. Is there any talk of smaller pieces?



Smaller? No. But there will be a set available as bronze medals.
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monster's Avatar
United States
414 Posts
 Posted 12/15/2006  3:38 pm  Show Profile   Bookmark this reply Add monster to your friends list Get a Link to this Reply
But those are nothing other than a piece of copper. If they made a silver version of half dollar, it will be better.
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AuldFartte's Avatar
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830 Posts
 Posted 12/15/2006  4:03 pm  Show Profile   Bookmark this reply Add AuldFartte to your friends list Get a Link to this Reply
quote:
Originally posted by TSmith3510

I could see collecting the notable ones, Dolly Madison, Mary Lincoln, Jackie O, etc.,


I wonder if the mint won't sell them individually for just this reason.
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monster's Avatar
United States
414 Posts
 Posted 12/15/2006  5:01 pm  Show Profile   Bookmark this reply Add monster to your friends list Get a Link to this Reply
I think there will be one piece at a time since they should release at the same time as the Presidential dollar. I also think there will be a set box at the beginning or the end or year. Maybe they will also throw in a year set with four $1 proofs and four $10 proofs set to maximize the profit. Just a guess.
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Dockwalliper's Avatar
United States
342 Posts
 Posted 12/16/2006  09:01 am  Show Profile   Bookmark this reply Add Dockwalliper to your friends list Get a Link to this Reply
They will be on sale individually at the same time as each coresponding President dollar.
Maximum mintage 10,000?
Edited by Dockwalliper
12/16/2006 09:07 am
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Spider5689's Avatar
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2269 Posts
 Posted 12/16/2006  09:53 am  Show Profile   Bookmark this reply Add Spider5689 to your friends list Get a Link to this Reply
I'm guessing, on Tuesday we will get a sneak peak at the First Ladies Bullion. I do not plan on purchasing any of them, they are out of my budget and I really have no interest in Zachary Taylor's or Benjamin Harrison's Wife. Although I am curious to see what the designs will be and how much the mint plans on charging for the First Ladies Bullion.
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monster's Avatar
United States
414 Posts
 Posted 12/16/2006  7:50 pm  Show Profile   Bookmark this reply Add monster to your friends list Get a Link to this Reply
WASHINGTON (AP) -- Not to be outdone by their husbands, the first ladies are getting their chance to shine on the nation's coins. Starting next year, Martha Washington, Abigail Adams and all the rest will begin appearing on a new series of gold coins.

It will be the first time that the U.S. Mint has produced a series featuring women.

While a new presidential series will be $1 circulating coins, the wives will be on half-ounce gold coins with each likely to sell for more than $300.

Both coins were authorized by Congress in 2005, with lawmakers modeling the $1 coin series after the Mint's extremely popular 50-state quarters.

The hope is that changing the images on the presidential coins every three months will spur greater interest and help the maligned dollar coin finally achieve acceptance with Americans. The Susan B. Anthony dollar, introduced in 1979, and the Sacagawea dollar, introduced in 2000, have both been flops.

The half-ounce gold coins for the spouses have been designed to appeal primarily to collectors, although the Mint will be offering bronze medal duplicates that will sell for a more affordable $3 to $4.

The first four coins are scheduled to go on sale next May, but the public will get a look at the designs at an unveiling on Tuesday at the National First Ladies' Library in Canton, Ohio.

As with the presidential coins, four new coins honoring the spouses will be introduced each year, and the Mint is hoping to teach a little history with the spouse series.

"I think Americans are going to take a look at these coins, which are very original, and be drawn to finding out more about the first ladies," Mint Director Edmund Moy said.

The first coin in the series features a stern-looking Martha Washington, wearing a bonnet. On one side there is a depiction of her mending a soldier's jacket and on the other side the phrase, "First Lady of the Continental Army."

The drawing of Dolley Madison, wife of James Madison, the fourth president, shows her in front of the famous George Washington portrait that she saved before the British burned the White House in the War of 1812.

Thomas Jefferson's wife died before he became president, so the gold coin for his administration will feature a symbolic representation of Lady Liberty that appeared on a half-cent coin during the time Jefferson was president.

Jefferson was one of five presidents who were not married during their time in the White House.

The legislation directs that all presidents be honored on the $1 coin and all spouses be honored on the gold coins. But they must have been dead for two years before they can be depicted on a coin.

Copyright 2006 The Associated Press. All rights reserved.This material may not be published, broadcast, rewritten, or redistributed.


http://www.cnn.com/2006/US/12/15/fi...s_topstories
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 Posted 12/17/2006  12:17 am  Show Profile   Bookmark this reply Add texasmick to your friends list Get a Link to this Reply
quote:
Thomas Jefferson's wife died before he became president, so the gold coin for his administration will feature a symbolic representation of Lady Liberty that appeared on a half-cent coin during the time Jefferson was president.


That's one I might buy
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toast's Avatar
Australia
1091 Posts
 Posted 12/17/2006  12:51 am  Show Profile   Bookmark this reply Add toast to your friends list Get a Link to this Reply
quote:
Originally posted by monster

Does anyone think it will be a good buy for low mintage? $1200 a year for 10 to 11 years are a lot of money.



I suppose those serious collectors who want and can afford these coins will buy them as the coins are issued.

I also imagine that in 7 or 8 years time, the price of gold will probably double what it is today and the coins issue pricee will be that much more.

Finally when the series is finished, all the collectors who had the desire and the money will already own a set. So, in 11 years time, the only demand will be by new collectors trying to catch up on the series. At that time many investors/collectors will be trying to sell their complete set and make a profit. This would also depress demand for a few years.

My opinion is this series would be a very long term investment option, not just the 11 years, but for some years after, before there is more demand than supply.
Of course if the coins are priced a just little above gold bullion value they would make an excellent way to buy gold. IMHO.

It will take a tidy sum of money to collect the complete series.

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