This week the U.S. Mint stopped selling the uncirculated Eliza Johnson First Spouse Gold Coin. The online product page for it may still be found on the Mint’s website, but it is now stamped with Sold Out.
A message of no longer available would be a better combination of words to use since sales of the uncirculated coin coupled with its companion and still available proof coin are far short of their suggested 15,000 maximum mintage. That is the amount the U.S. Mint first said it could produce across both coins provided there was enough customer demand.
But demand has declined for the one-half ounce, 24 karat gold coins that were introduced by the U.S. Mint in 2007. Sales of the Eliza Johnson First Spouse Gold Coin highlight that with the uncirculated coin at 2,914 and the proof coin at 3,876 for a total of 6,790 — less than half of the available mintage. These figures are as of Monday, June 4, 2012. Both coins were released back on May 5, 2011, giving them more than a year of sales.
As is normally the case with products of a collecting nature, the U.S. Mint produces them in amounts to meet coin collector demand. Early demand for Eliza Johnson First Spouse Gold Coins and that of other spousal issues were weak, and the United States Mint struck fewer as a result. And if the inventory of them sells out, more will not be produced.
There is no word yet as to when the 2012 First Spouse Gold Coins will make their appearance. (See the 2012 gold coin designs.) These will honor Alice Paul and the suffrage movement, Frances Cleveland (first term), Caroline Harrison and Frances Cleveland (second term).