According to CNNMoney the U.S. Mint will be introducing a series of new 1/2 oz. 24-karat gold coins featuring the early First Ladies.
The collection, which the Mint has dubbed “First Spouse,” will feature the images of Martha Washington, Abigail Adams and Dolley Madison in the order in which their husbands served as president. The First Lady coins will be issued along with the annual release of the circulating Presidential $1 Coins in May 2007.
I’m not a coin collector myself, but given gold is priced close to $620 an oz. it seems as if these coins might be worth their weight in gold (har har har… sorry). I know a lot of people who do enjoy collecting coins and also many who enjoy holding gold as an investment. This could be a great way to own some gold as an investment that looks better than regular bullion. And considering how coins themselves can wind up appreciating in value over time this could wind up being a good long-term investment to hand down to the next generation.
I guess we’ll have to wait a few months until they release the price of the coins to see.
Author: Jeremy Vohwinkle
My name is Jeremy Vohwinkle, and I’ve spent a number of years working in the finance industry providing financial advice to regular investors and those participating in employer-sponsored retirement plans.