One of the most reclusive, and mysterious of the First Ladies: Margaret Taylor is featured on the 13th Gold Coin in the First Spouse Gold coin program issued by the U.S. Mint. Born to a wealthy Maryland planter in 1788, Margaret could have lived her life in relative comfort; but she instead chose a different lifestyle. At the age of twenty-one she visited her sister in Kentucky, where she was introduced to a young Lieutenant by the name of Zachary Taylor: they were married a year later. A very religious woman, Lady Taylor would often pray for her husband’s safe return from battle; in fact it is said that she vowed to never enjoy social life if her husband returned safely from war. She did not want her husband to be president, and relegated all the ceremonial functions requiring a First Lady to her daughter, Mary Elizabeth Taylor. Just 18 months into his first term as President, Zachary Taylor succumbed to a gastric ailment. Overcome with grief, her already failing health deteriorated quickly and she passed two years later.
Place in History
Though she never sat for any formal portrait, as stated by her daughter, there are multiple images of her on the web that claim to be of her. The image of her on the Obverse of the Margaret Taylor First Spouse Gold Coin is based on an illustration from the book Presiding Ladies of the White House (1903) by Lila Graham Woolfall, and was created using a daguerreotype of the First Lady which was loaned to the artist for the book. Her coins, The Margaret Taylor First Spouse Gold Coin, is part of the First Spouse series released by the U.S. Mint in accordance to the Presidential $1 Coin Act of 2005. Part of the legislation sought to bring back aesthetic beauty to American coinage, while the other half wanted to represent history; so the program is both educational, and beautiful. Released in the same year that the corresponding Presidential $1 is issued, The First Spouse Gold Coin series will continue to be issued until all qualifying subjects have been represented. As of now the last coin to be released in the series will be the Elizabeth Bloomer “Betty” Ford First Spouse Gold Coin in 2016.
A True Artistic Adaptation
Featured on the Obverse of the Margaret Taylor First Spouse Gold Coin is the First Lady as she is depicted in the book mentioned previously. Designed by Phebe Hemphill and sculpted by Charles Vickers, the portrait is a matronly, if not stern representation of the First Lady who did not participate in the social obligations of the her station. On the Reverse, the First Lady is depicted doing what she is truly known for. Forsaking the easy life of a gentlewoman of society, she married a military man, and made her homes in forts, cabins, and tents; helping her fellow military families cope, and heal from the strains brought on from battle. One such instance was during the Seminole War, when Lady Taylor nursed wounded soldier who were returning from the battlefield: the reverse of the Gold Coin depicts just that, as matronly woman comforts a wounded soldier. Known amongst the men under his command, as well as their families, for her own personality and her abilities to comfort during times of stress.
Fun Fact: Having spent most of her time as a military wife, following her husband when she could through frontiers and unsettled areas (from the Florida Everglades, to the northern garrison at Fort Crawford in present-day Wisconsin), it was no wonder that when it came time to truly settle down that she would look at Zachary’s retirement as a godsend. Her peace would be short lived, and her husband would first rise as a war hero, and then the Presidency. It is said that a passenger on a riverboat, not knowing he was speaking to General Zachary Taylor, remarked that he did not believe in the newly elected Presidents qualifications and asked if he was a “Taylor man?” Taylor responded he hadn’t voted for Taylor partly because his wife was opposed to sending “Old Zack” to Washington, “Where she would be obliged to go with him!”
Value You Can See
Launched on December 3, 2009 by the United States Mint the initial price of the Uncirculated version of the coin was $741.00, and $754.00 for the Proof. The U.S. Mint changed its pricing policy to account for the market price of gold during the sale of the coin. While the price represented the market, by the end of the sale the price had risen to $841.00 for the Uncirculated version, and $854.00 for the Proof. Today the price for the coin has risen even more, and shows no signs of stopping in terms of its potential. As shown in The Official Red Book: A Guide Book of United States Coin: 2014, the Margaret Taylor First Spouse Gold Coin is valued at $1,250 for the Uncirculated, and $1,300 for the Proof. Adding value to coins is attributed to the grading process, which ensures the quality and condition of the coin. Companies like the Numismatic Guaranty Corporation have valued the highest quality Uncirculated coin (MS70) at $1,400.00, and the highest grade Proof (PF70) at $1,450.00 (as of 1/21/15).
It’s never been clearer that we’re living in a buyer’s market in terms of coins, both rare and collectable. The Margaret Taylor First Spouse Gold would be a wonderful addition to any collection, or investments portfolio. If you’d like to learn more about your options for expanding your already existing collection, starting a new one, or simply want to know more about how Global Monetary Reserve can help you diversify, or start your investment portfolio: Call 877-795-9585 today to speak to our amazing investment experts. If you’d like to make an immediate purchase, or take a look at our large inventory—Click Here!