In the middle of the reporting period, the United States Mint raised the prices for most numismatic gold coins, in line with the increased market value of gold. Collectors may have placed heavier orders ahead of the price change in order to take advantage of the lower prices. Across all available options, the US Mint sold 759 of the one-half ounce gold coins, compared to 380 in the previous period.
Another factor at play might be the unexpected sell out of the proof version of the James Buchanan’s Liberty First Spouse Gold Coin. The US Mint struck fewer coins than the maximum authorized mintage based on demand forecasts, and this proved to be short of meeting demand for the entire sales cycle. If the US Mint underestimated the number of coins to produce for this issue, it may also be possible for other issues....
That underestimation of demand does not apply to the Mrs. Lincoln coin. I know I'm speculating here, but President Lincoln does not have a good reputation in revisionist libertarian circles. That revisionism likely had something to do with the low sales of that particular coin.
Needless to say, the newfound popularity of the entire series is also caused by increasing demand for physical gold.
No comments:
Post a Comment