Coins Mint Proof Sets

I see people asking if they can trade the TV commercial "commemorative" 1877 Gold Coin for cash!!!! The thing only costs .95 and then they give you another coin, a silver dollar. That silver dollar even says on the back it is pure silver "clad". The commercial clearly says the coins are both "clad". If someone is thinking they are going to buy for .95 then God help us. Clad means plated, as in covered in gold or silver, or to make it easier gold plated and silver plated. They are probably copper that is plated with the other metals. They are not meant to be confused with being real money and I’m betting they aren’t selling them with the hopes that thousands of people will even remotely believe they are getting for ! Then I see all of the "coin experts" coming in with their brilliant lessons about the value of these coins if they were genuine. If you listen to the commercial it says there were only 2 of these coins ever struck (made at the US Mint) and they are both in the Smithsonian. So these brilliant coin experts telling the other geniuses who are thinking that they might be able to scam someone into buying the fake coins for what they would be worth if they were real – 00-2300 – are insane!!! The actual 2 coins sold for ,000 each in 1909 before the government got them back. Right now they would be worth multi-millions each if they were ever taken out of the Smithsonian Institution, the museum of the United States of America in Washington D.C. – one of the most heavily secured buildings in the country.

Bottom line. If you watch a commercial selling coins for less than face value, please be smart enough to realize they are NOT real and you can NOT get more money than you paid for them unless you find someone else who is even more easily fooled than you are. That was as polite as I could say that. Gold is worth 26 per ounce as of today. The fake coin is said to weigh 2 1/2 ounces. Did you really think you were buying 65 worth of gold for .95!!!??? Silver is worth .63 per ounce today. So, if you are foolish enough to believe that you were going to be getting over 00 worth of precious metal for a 20 dollar bill then you almost deserve to get screwed. You could definitely find someone out there at a burger joint who will believe the coin is real and they will even make change for you, but hen you can pretty much count on getting arrested after they pull your picture off of the video camera. Please have enough intelligence to understand that you shouldn’t do it. Fake money is just fake money. Leave it in the pretty blue box and enjoy it’s beauty. Next time you see a commercial selling money – IT"S FAKE! Don’t buy it.

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Commemorative coins and bullion coins always have a denomination such as , , etc but are worth a lot more, especially gold and silver coins. Why does a coin have a denomination that is significantly lower than what it costs a collector or investor to buy? For example, a 1 oz gold eagle is a denomination coin but it will cost you about 00 or more to buy one right now?
I don’t think anyone understands my question. Why would the US Mint make a 1 oz gold coin for a denomination of when gold is much more than per ounce? For example, a dollar bill is worth but the paper used to print it is probably less than a nickle. Creating a gold coin for that is roughly 00 worth of gold is like making a dollar dollar bill that costs 0 to print.

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How do I sell my American Eagle one ounce gold coins?

I have 10 of them and want to sell them. I bought them for 0 and the guy I bought them from charged me per gold coin.

I could probably sell it back to him with same "margin" of about .

Is this a good "deal"?

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First Spouse Gold Coins – Higher Prices Impacting Sales

And you thought only the Presidents had a commemorative set of coins.  The first lady get herself in the mint as well.

The U.S. Mint recently released pricing for the next coin in the First Spouse Gold Coin Series. Once again the prices have been raised over the prior issue. The continuing increase in prices are clearly having an impact on sales

The U.S. Mint recently released pricing for the next coin in the First Spouse Gold Coin Series. The Elizabeth Monroe coins will be priced at $619.95 and $599.95 for proof and uncirculated coins, respectively. This represents a large price increase in pricing over the previous coin that will likely impact sales.

The First Spouse Gold Series was met with strong popularity when the initial two coins were released. The coins honoring Martha Washington and Abigail Adams sold out at the U.S. Mint within less than one day. The following coin honoring Thomas Jefferson’s Liberty similarly sold out within less than one day, even though the Mint had set strict ordering limits of one coin per product per customer. Each of these coins had been offered at a price of $429.95 and $410.95 for proof and uncirculated coins, respectively.

The fourth coin honoring Dolley Madison was met with a more tepid response. Due to the increasing price of gold, the prices were raised to $529.95 and $509.95 for proof and uncirculated coins, respectively. This higher offering price served to temper demand for the coins. Even after several months of sales, the coins have not reached sell out levels.

Since each coin contains one half ounce of gold, the Mint must increase offering prices on the coins as the price of gold rises. Every time this happens, more and more collectors of the series are effectively priced out of the market. Perhaps more than any other recent series, the popularity is linked to the rise and fall of gold.

Michael Zielinski is an internet entrepreneur and coin collector. For further information and resources on the First Spouse Coin Program visit First Spouse Gold. For up to date news on news on First Spouse Coins, visit First Spouse Gold Blog.

Monroe First Spouse Coin Sales Figures

After two weeks of unbending sales figures, 2008 Elizabeth Monroe First Spouse Gold Coins appear to have closed down to a final tally of 12452 sold. 

2009 Margaret Taylor First Spouse Coin

Guide to 2009 Uncirculated and Proof Margaret Taylor First Spouse Gold Coins. Complete coin information, images, mintage, and specifications.

First Spouse Gold Mintage Update

With the First Spouse Gold Coins in full swing with the seventh coin released, now is an interesting time to look at the final mintages and sales figures for each coin in the series so far.

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