More trouble with financial companies has caused a resurgence in the price of gold. As of the writing of this post, the spot price of gold was $986.10. This recent rise in the price of gold may bring some renewed interest to First Spouse Gold Coins, particularly the Dolley Madison Coin.

The Dolley Madison coins are still available directly from the US Mint. They can be found on the Mint’s website here. The coins are priced at $509.95 for the uncirculated version and $529.95 for the proof version.

Each coin contains one-half ounce of gold. If you do the math, you will see that these coins current prices are getting very close to the value of the gold content. The uncirculated version has a premium of only $16.90 above gold value (3.4% premium). The proof version has a premium of $36.90 above gold value (7.5% premium).

If gold continues higher to the point where coins do reach par, the Mint will likely suspend sales and reprice the offering.

Other First Spouse coins for Elizabeth Monroe and Louisa Adams are currently priced at $599.95 and $619.95.

Following a dizzying sell off in precious metals prices, Dolley Madison First Spouse Gold Coins are now back on sale at the US Mint.

The uncirculated version of the coin had been suspended on March 3, 2008 and the proof version had been suspended on March 18, 2008.  Sales had been suspended due to the rising value of gold, which had soared above $1,000 per ounce.  With gold now back around $950 per ounce sales have resumed at the same initial offering price levels of $509.95 and $529.95 for uncirculated and proof versions, respectively.

The most recent Mint Statistics show sales of 10,400 of the uncirculated coins and 16,268 of the proof coins.

As of this morning, sales of the proof version of the Dolley Madison First Spouse Gold Coin have been suspended at the US Mint. This follows the previous suspension of the uncirculated version of the coin on March 3, 2008.

The US Mint’s product page currently shows the following message:

Due to the increasing market value of gold, the Dolley Madison Gold Proof Coins are temporarily unavailable while pricing for this option can be adjusted; therefore, no orders can be taken at this time.

This suspension follows more than two weeks of the odd, mismatched pricing between the Dolley Madison and Elizabeth Monroe coins. When the Elizabeth Monroe coins were released on February 28, 2008, they were priced at $619.95 and $599.95 for proof and uncirculated versions of the coin. The previous issue in the series honoring Dolley Madison remained on sale for $529.95 and $509.95. This led to the curious case of two coins from the same series with the same one-half ounce gold content having two vastly different prices at the same time.

When sales of the Dolley Madison coins resume, they will likely be repriced in line with the Elizabeth Monroe coin prices. That is, unless the price of gold experiences another significant run.

Dolley Madison Coins For Sale