WASHINGTON AND ABIGAIL ADAMS GOLD COINS SELL OUT IN RECORD TIME
If you already knew that the U.S. Mint would strike coins for the first
two (and subsequent) first ladies, chances are you probably weren't
eager to shell out over $400 for each one.
"First Spouse" coins are required by Public Law 109-145, the same
legislation that has brought about the Presidential Dollar
series. A 24 karat half ounce gold coin honoring each first lady
is to be issued on the same schedule - 4 per year - as the
manganese-brass alloy dollar coins for each deceased former President
of the United States. For a President who was not married while
in office, the corresponding gold coin will feature a design with an
allegorical representation of Liberty.
Realizing there could be minimal interest in the half ounce gold coins,
the Mint turned to a proven marketing ploy to stoke demand. It set a
limit of only 40,000 coins each for the Martha Washington and Abigail
Adams coins, which went on sale June 19. Uncirculated coins were
priced at $410.95 each, and proof coins at $429.95 each. The Mint
experienced the fastest sellout ever for any of its products, with the
entire limit of both coins ordered in about 2 hours, mostly to buyers
anticipating price appreciation once the coins had sold out. So
far, that speculation has been on target, as some of these coins have
brought in the neighborhood of $700 in online auctions.
Bronze medal versions of the First Spouse designs are also being
struck. Orders for the Martha Washington and Abigail Adams medals
were still being accepted on the U.S. Mint web site for only $3.50 each
at the time this newsletter was written.
GOOGLE CHECKOUT NOW ACCEPTED
Telesphere Numismatics has
recently added Google Checkout to the payment options for orders placed
on our web site. This convenient service is completely free to
customers and allows users to make online purchases from participating
merchants while only providing credit card info to a single business
(i.e. Google). Google Checkout accepts major credit cards, including
Visa, MasterCard, American Express, and Discover. To learn more
about this service, please visit the Google Checkout web site.
To make this payment option possible, some modest changes have been
made to our secure online shopping cart. Shipping costs are now
determined as items are added to your shopping cart (previously we
provided an estimated shipping cost and determined the exact amount
after the order was placed), as is any applicable sales tax (in most
cases no sales tax is applicable).
You may still pay for orders by having us charge your Visa or
MasterCard, as well as through PayPal or by mailing us a check or money
order. For PayPal orders, you will now be taken to the PayPal web
site to make your payment during the checkout process.
Through July 31, we're adding one each 2007-P and 2007-D Idaho quarters
in uncirculated condition free to orders of $45 or more placed with our
secure online shopping cart. More info about this offer
available on our Current
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