Recently completed auctions show prices for uncertified coins ranging from a low of $960 for an unopened proof coin to a high of $1,595 for an unopened uncirculated coin. For certified examples, prices range from a low of $795 for an example graded PCGS PR68DCAM to a high of $1,727 for an example graded PCGS MS70.These prices come from a total of 11 completed eBay auctions from the past 15 days. The date, selling price, and basic details of each auction are shown below.
Completed Auction Prices for Julia Tyler $10 Gold Coins
| July 3, 2010 | $ 960 | unopened proof |
| July 4, 2010 | $ 795 | PCGS PR68DCAM |
| July 4, 2010 | $ 890 | PCGS MS69 |
| July 4, 2010 | $ 925 | PCGS PR69DCAM |
| July 7, 2010 | $ 1,495 | unopened unc |
| July 9, 2010 | $ 1,595 | unopened unc |
| July 10, 2010 | $ 999 | unc |
| July 10, 2010 | $ 1,727 | PCGS MS70 |
| July 11, 2010 | $ 999 | proof |
| July 11, 2010 | $ 2,326 | unopened proof and unc |
| July 12, 2010 | $ 1,600 | NGC MS 70 |
Admittedly, as with many other issues of the First Spouse Gold Coin series, the availability and the market for the Julia Tyler coins is somewhat thin. Prices exhibit a very wide range and only a relatively small number of coins are bought and sold each week. Nonetheless, all prices are higher than the last available US Mint prices, in most cases by a wide margin. Just before the conclusion of sales the proof coins were available form the Mint for $779 and the uncirculated coins were available for $766.
The Julia Tyler First Spouse Gold Coins do have a number of positive aspects contributing to the higher prices.
These coins have the lowest reported sales figures among the First Spouse Gold Coins that are no longer available for sale at the Mint. The last reported sales figures (through May 30, 2010) indicate 4,820 proof coins and 2,861 uncirculated coins sold by the US Mint. These figures represent an extreme low on an historical basis for US Mint issued gold coins. The figures will also remain a low point for the First Spouse series for at least the next few months. The Sarah Polk First Spouse Gold Coin, which is expected to see sales end on September 2, 2010, already has sales figures exceeding the levels of the Julia Tyler coin.
In addition to the low sales levels, the conclusion of sales for the Julia Tyler coins may have been unexpected for some collectors (although not to Mint News Blog readers). When the Jane Pierce coins were released on June 2, 2010, sales of both the Letitia Tyler and Julia Tyler coins were concluded. Typically, the US Mint has ended sales of the longest available coin to coincide with the release of a new coin. In this case, the US Mint ended sales of the longest available two coins. The change was necessary because five coins were issued for the series during 2009 instead of the usual four. It's also worth noting that the Julia Tyler coins were only available for about 10 months, compared to the usual 12 or 13 months for previous issues of the series that did not reach the maximum authorized mintage.
The combination of low mintage, unexpected conclusion of sales, and a nice design may have woken up some collectors to the potential of the Julia Tyler coin. Demand and prices for the coin will bear watching, but for now it looks like adherents of the First Spouse Coin series have a winner on their hands.
No comments:
Post a Comment