Time to Buy First Spouse Gold
By Mike Unser
gold coins have been selling like hot cakes. The
American Eagle 2008 inventory is nearly
exhausted. Only the 1/2 oz 2008-W Eagle Gold
Uncirculated coin remains.
And outside the already released 2009 UHR $20
Double Eagle, there are no Mint signs for when
2009-dated collector gold coins will launch.
With these circumstances and the rising demand
for gold coins, one-half ounce, 24-karat First
Spouse Gold Coins may get a fresh set of
collector eyes looking their way. But is it
really the right time to buy into the series?
The coins have several things going for them, in
addition to their numismatic appeal:
First and foremost (and already discussed), it
is slim pickings for other choices.
First Spouse Coin Prices are just slightly more
than the sole remaining 1/2 oz 2008-W Eagle Gold
Uncirculated coin (Proof at $629, uncirculated
at $616 and the gold eagle at $600.)
Point three adds to point two. The coins are
more scarce compared to other Mint gold
collectible options, as the latest First Spouse
coin sales figures show.
Throwing the history, uniqueness, beauty, etc.
of the series aside, the gold content to coin
price margins are lower than ever due to the
sudden rise in precious metal prices. Simply
put, the coins are looking more attractive from
a price perspective as their gold value alone is
If none of these factors are compelling, there
is another consideration. To determine prices
for the First Spouse Coins, the Mint’s pricing
policy takes into account the average London Fix
price between the Thursday a.m. Fix to the
Wednesday a.m. Fix.
The $950 an ounce threshold has already been
breached. First Spouse Coin prices will
automatically rise $25 each on Thursday morning
if gold doesn’t drastically retreat to below
$950 for several days. And if gold moves quickly
and hard above $1,000 an ounce in the remaining
days (less likely), each coin price could rise
In short… while they are still available from
the Mint, there may not be a better time to
purchase a 2008 First Spouse Coin.