Just posted the first of my First Spouse gold coins on eBay
2007 First Spouse Proof Martha Washington Gold Coin
For those of you reading my blog for a long time, you know a couple things about my history with this series:
- I managed to get one of the first coins, even though they sold out within hours
- I wrote the top ranked eBay Guide on this series
- I was on the fence about collecting this series all the way through
I’ve decided that this series of coins isn’t for me… it’s too much cash tied up in coins, and frankly most of the first spouses just aren’t that interesting to me. I may buy one or two in the future (Jacqueline Kennedy?), but I’ve decided to opt out of the full series.
As a result, I’ll be selling the first five off at a rate of one a week.
I think I’m going to steer clear of the more trendy, obvious collector-bait series going forward. Yes, Native American $1 Dollar Coins, I am talking to you. Of course, I am a sucker for truly beautiful new efforts.
Just remember, all bids on eBay are binding. And you must bid from a PayPal account with a confirmed address.
5 thoughts on “Goodbye, First Spouse Gold Coins. I’m Over You.”
It seems like a lot of people are making the same decision about this series. The sales figures have showed a continually decline for the last four releases. The worst part is that the series still has an astounding 8 more years to go.
If the Mint sold these coins for closer to value of the gold content the series might have had a better shot.
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Totally agree, Mint News Blog. The premium here has been erratic, and way too high.
Even so, I think the series suffers from a cost problem. To buy ~40 coins, even at flat gold value, would be roughly $14,000. Most people don’t want to put that kind of money into a single series, particularly when most of the people in the series are almost completely unknown.
In retrospect, it likely would have been more popular to just issue a gold version of each presidential dollar coin, as a high end variant of the series.
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You can easily sell gold coins as there is always a market for gold. In times of need you are thus not stuck with an asset you cannot liquidate.
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