The US Mint has announced plans to begin selling the 1/2 ounce 24-karat gold Margaret Taylor First Spouse Gold Coins on December 3, 2009 at Noon (Eastern). It will be available in both proof and uncirculated versions.
A maximum mintage of only 40,000 has been put in place for the Taylor coins across both product options with the exact proof to uncirculated ratio being determined by demand. Also, the first week the Mint will enforce a 10 coins per product option per household order limit on the coins. It will re-evaluate the order limit after that time and adjust it if needed.
Each coin has a face value of $10, but of course this is not indicative of the true value of the coin. Each one contains 1/2 ounce of .9999 fine gold, so the metal content is what dictates the price (along with a small minting premium).
As with all gold coins, the Mint will base the pricing on the Margaret Taylor coins according to its precious metals pricing structure. Current First Spouse coins are selling for $741 for the uncirculated versions and $754 for the proof, but this could change before the Taylor coins launch depending on the previous week's gold average.
The Zachary Taylor $1 coins were released on November 24th, 2009, appearing only shortly before his wife's gold coin. This has been standard practice for the Mint.
For more information on the Margaret Taylor coins, click on the image above.