18 March 2008 - 8:10Sales of Proof Dolley Madison First Spouse Gold Suspended by Mint
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.
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