2 September 2009 - 7:40Sarah Polk First Spouse Gold Coins on Sale Tomorrow
The United States Mint will offer the next release in the First Spouse Gold Coin series on September 3, 2009 at 12:00 Noon ET honoring First Lady Sarah Polk. The latest coin comes less than one month after the previous release of the Julia Tyler coin.
The Sarah Polk First Spouse Gold Coin features her portrait on the obverse and a scene of her acting as her husband’s personal secretary in the White House. During her life, she devoted much of her time to furthering her husband’s politicial career. The obverse and reverse were designed and engraved by Phebe Hemphill.
Sarah Polk served as First Spouse for the 11th Presidency from 1845 to 1849.
The coins will be available in both proof and uncirculated versions, both produced at the West Point Mint. The US Mint will establish prices for the coins on Thursday based on the average London Fix price of gold for the prior week.
This marks the eleventh release of the series. Now in its third year, the series has lost many of the early eager buyers as the price of gold and the price of the coins have escalated. In the long term, this may work to the benefit of continued collectors of the series. When collectors grew tired of modern commemorative coins in the mid and late 1990’s, mintages declined to low levels, which eventually supported big premiums for the once unpopular releases.
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The US Mint has announced the release date for the eleventh coin in the First Spouse Gold Coin series honoring Julia Tyler. She was the second wife of President James Tyler after his first wife Letitia Tyler passed, while he was in office.