Buchanan Spouse Coins – Introduced on Sept. 02, 2010

Posted on August 31, 2010 by

In 2 days, (September 02, 2010) the U.S. Mint will introduce the 2010 Buchanan Spouse coins with a maximum authorized mintage of 15,000 coins, for both the Uncirculated and Proof coins combined. Buchanan didn’t have a Spouse during his term in office as U.S. President. Therefore, the obverse of the coin will depict the same Liberty design used on all Quarter Eagles produced from 1840-1907.

The Spouse Coins were first introduced in 2007. The maximum authorized mintages were originally set at 40,000 for both Uncirculated and Proof coins combined.

The first three coins (Martha Washington, Abigail Adams, and Thomas Jefferson’s Liberty) proved to be extremely popular as they completely sold out. The fourth or last coin of 2007 (Dolley Madison) failed to sell out and approximately 30,000 coins were sold. Some of the previously issued Spouse coins even got melted and sold for melt value only.

In 2008, we witnessed a huge decrease in sales for all four different Spouse coins issued that year. All four different 2008 Spouse coins had mintages of about 12,000 for each design, between both the Uncirculated and Proof coins combined.

In 2009, the demand decreased even more. The first coin dropped to a mintage of about 10,000 and since then, the mintages have declined even more. Some coins have turned out to have some of the lowest mintages in modern and classic U.S. coinage. For instance, the 2009 Julia Tyler Uncirculated coin has a mintage of 2,861.

Will the mintages for the Buchanan coins go even lower than 2009 mintages, or will the coins finally become popular? In the next several months, we shall find out.

In the meantime, here are the links to order these coins on the U.S. Mint website:
Buchanan Uncirculated Spouse coins
Buchanan Proof coins

Filed Under: News

Comments (1)

 

  1. Tony S. says:

    I think this will be a set that people look back at in 2 or 3 years and they will ask themselves why they did not buy a coin or two from the mint with these mintages that will of course be some of the lowest of all gold coins that the mint put out for the public to participate in. What a terrific investment opportunity.

Leave a Reply