Uncirculated Jefferson
Posted in Uncategorized on 06/09/2008 11:38 am by admin
Uncirculated Jefferson
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 Twelve Uncirculated Jefferson Nickel 1970 1971 1972 1979 1980 1981  US $1.50
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 1964 Jefferson nickel uncirculated US $.99
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 2004 P Jefferson Keelboat Uncirculated Nickel US $1.70
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According to a recent article in Coin World, thousands of First Spouse Gold Coins have been melted. This represents a significant portion of the overall mintage and carries both current and future implications for the series.
The coins were melted by SilverTowne, a coin dealer and private mint. Between 5,000 and 7,000 Martha Washington and Louisa Adams coins were melted, including both proof and uncirculated versions. An unspecified number of Thomas Jefferson's Liberty coins were also melted. According to the president of SilverTowne, the coins were melted after his firm identified little or no retail demand.
The total mintages for these coins were 40,000 each. As such, the coins melted may represent nearly 10% of the overall mintage for at least two of the coins.
In the short term, the implication of the melt is that there is a lack of short term demand for the series. In my opinion there is plenty of demand for the coins, as evidenced by the dozens that sell each day on popular online auction venues for prices well above the melt value. Perhaps there was just not the kind of bulk demand needed to quickly sell thousands of the coins.
In the long term, there are implications about scarcity and demand of the current and future coins of the series. Since up to 10% of the mintage for two coins of the series has just been eliminated, mintage figures will be misleading for future collectors. This may lead to reconsideration of prices based on scarcity rather than mintage figures alone.
Secondly, the melt signals that early speculative demand for the series has ended. Much of the early demand for the series may have been fueled by companies like SilverTowne seeking quick profits. With them and other similar speculators out of the picture, future issues may end up with significantly lower mintages. Eventually there might be extremely low mintage coins like the $5 Gold Jackie Robinson Coin which will become worth far more than their weight in gold.
The First Spouse Gold Series is a marathon, not a sprint. It is currently scheduled to run for ten more years. While early excitement has dissolved, I am sure the future has many surprises left in store.
Michael Zielinski is a internet entrepreneur and coin collector. Track the First Spouse Gold series at First Spouse Gold Blog or visit the First Spouse Gold Store.
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Brilliant Uncirculated Statehood Quarters $51.95 This set from American Coin treasure includes all of the 2006P Mint (Philadelphia Mint) and 2006D Mint (Denver Mint) Statehood Quarters. These quarters are graded MS63 brilliant and are uncirculated.State quarters included: Oklahoma, New Mexico, Arizona, Alaska, Hawaii.Set includes 10 uncirculated coinsMinted in the Philadelphia and Denver MintGrade: MS63 brilliantGraded by the American Alliance Coin Grading Service (AACGS)Dimensions: 5.375 inches x 4.375 inches x 0.625 inches |
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Uncirculated Statehood Quarters (Set of 10) $51.95 This set from American Coin treasure includes all of the 2006P Mint (Philadelphia Mint) and 2006D Mint (Denver Mint) Statehood Quarters. These quarters are graded MS63 brilliant and are uncirculated.State quarters included: Delaware, Pennsylvania, New Jersey, Georgia and Connecticut Set includes 10 uncirculated coinsMinted in the Philadelphia and Denver MintGrade: MS63 brilliantGraded by the American Alliance Coin Grading Service (AACGS)Dimensions: 5.375 inches x 4.375 inches x 0.625 inches |
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Susan B. Anthony Dollar Set of 3 (Uncirculated) 1979-P, 1979-D, 1979-S $16.8 Susan B. Anthony Dollar Set of 3 (Uncirculated) 1979-P, 1979-D, 1979-S |
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Jefferson Airplane $8.99 Jefferson Airplane |
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Jefferson In Paris $4.99 Jefferson In Paris |
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Jefferson At Rest $7.49 Jefferson At Rest |
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Thomas Jefferson $30 Thomas Jefferson |
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Jefferson - $19.99 The contradictions and complexities of American Founding Father Thomas Jefferson serve as the subjects of this documentary from filmmaker Trey Nelson. ~ Jason Buchanan, Rovi |
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Jefferson Airplane - Fly Jefferson Airplane $11.99 Jefferson Airplane - Fly Jefferson Airplane |
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Uncirculated National Parks and Sites Quarters $56.11 This set from American Coin treasure includes all of the 2006P Mint (Philadelphia Mint) and 2006D Mint (Denver Mint) Statehood Quarters. These quarters are graded MS63 brilliant and are uncirculated.National parks quarters included: Hot Springs National Park, Yellowstone National Park, Yosemite National Park, Grand Canyon National Park, Mt. Hood National ForestMinted in the Philadelphia and Denver MintGrade: MS63 brilliantGraded by the American Alliance Coin Grading Service (AACGS)Dimensions: 5.375 inches x 4.375 inches x 0.625 inches |
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Jefferson $6.99 This famous biography has been in print for more than 40 years and stands as Jefferson's life story. It traces his life from his childhood as the son of a Virginia planter, to his years as a lawyer, to the Revolutionary War and the early years of the Union. |
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Brilliant Uncirculated Statehood Quarter (Set of 10) $51.95 This set from American Coin Treasures includes all of the 2006P Mint (Philadelphia Mint) and 2006D Mint (Denver Mint) Statehood Quarters. These quarters are graded MS63 brilliant and are uncirculated.Set includes 10 uncirculated coinsMinted in the Philadelphia and Denver MintGrade: MS63 brilliantGraded by the American Alliance Coin Grading Service (AACGS)State quarters included: Nevada, Nebraska, Colorado, North Dakota and South Dakota |
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State Of Jefferson $10 State Of Jefferson - Surrogate |
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Jefferson Davis $39.99 Jefferson Davis - Photographic Print |