Mint News Blog

News, Information, and Commentary on US Mint Products

Wednesday, February 11, 2009

Will 2009 Lincoln Commemorative Coins Sell Out?

When I wrote about the 2009 Lincoln Commemorative Silver Dollars about two weeks ago, I expressed the opinion that the coins had a good chance of selling out. The results of a recent coin survey indicate that many collectors agree.

I recently posted a survey on Coin Network and Click Coins asking the question: Will the 2009 Lincoln Commemorative Silver Dollar Sell Out? At the time of writing this post, 71% of respondents voted for one of the sell out options. This included 15% who believed a sell out would occur on the first day of sales and 24% who predict a sell out within the first week.

There are several good arguments in favor of a sell out. Abraham Lincoln is one of the most well known figures in American history, which should translate into increased interest in the commemorative coin. Interest should be further bolstered by the simultaneous release of the first 2009 Lincoln Cent, which takes place tomorrow.

Furthermore, prices for the commemorative silver dollar are lower than the prior year's prices, which may make the coins seem like a relative bargain. The household ordering limit for the Lincoln Commemorative has been set at 100 coins per version, meaning each collector can order up to 200 coins. Collectible versions of the 2009 Silver Eagle coins are still not available for sale, so some of the pent up demand may carry over to silver commemorative coins.

Lastly, although the maximum authorized mintage of the Lincoln Commemorative is 500,000 coins, the US Mint will have less than this amount available for individual sales. They have announced that 50,000 coins will be reserved for a special special set containing four 2009 Proof Lincoln Cents together with the commemorative silver dollar. It's also possible that the US Mint might hold back more of the authorized mintage if they plan to include the coin in the 2009 American Legacy Collection. In prior years, this expanded proof set has been issued to include proof versions of commemorative silver dollars issued during the year.

If you are interested in the 2009 Lincoln Commemorative Silver Dollar and don't want to risk missing out, sales begin tomorrow February 12, 2009 at 12:00 Noon ET.

You can still answer the original survey question below. I will leave voting open until sales of the coin begin tomorrow, so we can see how the predictive powers of the coin survey work out.

Discuss results in the Coin Survey Group



At February 11, 2009 at 4:35 PM , Blogger astroguy said...

What about the option, "Yes, it will sell out by the end of the year." As opposed to not selling out vs. within the first month.

At February 11, 2009 at 5:25 PM , Blogger Mint News Blog said...

Yes, maybe I should have included that too.

At February 12, 2009 at 9:17 AM , Blogger astroguy said...

Welp, I got my order in for 2 of each, so now I hope they sell out so I can sell half of mine for a profit. :-)

At February 12, 2009 at 9:17 AM , Anonymous Anonymous said...

Order placed for 3 coins each, proof and uncirculated.
9:15 a.m. PST, 02.12.09

At February 12, 2009 at 9:30 AM , Anonymous Anonymous said...

The USMint is the most pathetic excuse of a business that I have EVER dealt with. What an embarrassment to brain matter!

At February 12, 2009 at 9:41 AM , Blogger Mint News Blog said...

Do you want to share what happened?

At February 12, 2009 at 9:47 AM , Anonymous Anonymous said...

I cannot get the "Order Review" page to load. Am I supposed to keep clicking refresh?

At February 12, 2009 at 9:55 AM , Anonymous Anonymous said...

I placed my order at 12:07. I check the status on the Mint website and is in process.If Lincoln coins sell out fast Mint will ask much higher price for the special set and I think this is the reason that Mint didn't start sale of this set today.

At February 12, 2009 at 11:13 AM , Anonymous Anonymous said...

"I cannot get the "Order Review" page to load. Am I supposed to keep clicking refresh"

I couldn't either. I back paged and tried again. Third time, it went thru. 1 order conifirmed.

Total time 1/2 hour. I bought 7 coins.

At February 12, 2009 at 11:17 AM , Anonymous Anonymous said...

Also had same problem that Review Order page would not appear. This happened when I used the quick checkout. When I used the regular checkout I did not have a problem. Of course, it cost me about 20 minutes waiting for the Review Order page to appear (even hit refresh a few times), before I decided to use the regular checkout. Got my order for 2 proofs finally placed around 12:40 pm.

At February 12, 2009 at 12:35 PM , Anonymous Anonymous said...

I just check the status of my Lincoln order and the check box to cancel has been removed:)When you try to place order on Mint website do not refresh page. Just click and wait .Do not even move your mouse.

At February 12, 2009 at 3:21 PM , Anonymous Anonymous said...

I went with 10 PF and 10 MS - ship date is 2/21. If there is not a PF ASE - this will be the coin of the year, not the Braille coin.

The Braille coin might be worth picking up in a MS form - a lower mintage hopefully.

At February 12, 2009 at 5:29 PM , Anonymous Anonymous said...

Sorry for not elaborating above, Michael.

I had the same problem everyone else had with the Mint's website hanging on Order Review. Took me near 45 minutes to get through their hangups. Pathetic.

These guys are quintessential government. They don't care about their customers and have no comprehension of the term "business". I would hate to live the miserable existence these people must live.

At February 12, 2009 at 6:10 PM , Anonymous Anonymous said...

Completed order for 3 proofs and 3 uncirculated at 12:03 PM, EST, via 1-800 telephone number. Mint staff taking order were impressively efficient. Order status for each now listed as Backordered, expect to ship 02-19-09.

At February 12, 2009 at 6:21 PM , Anonymous Anonymous said...

Yeah! Just picked up 5 proofs, then when my cc billing cycle goes by (buy?) I'll pick up 5 unc. Strange things are a-happenin' at the US Mint, ever since 2004 things have been squirrely so grab what you can laydeez and gents, it's going to be a wild ride ..

At February 13, 2009 at 12:41 AM , Anonymous Anonymous said...

About 30-45 minutes in (not sure exactly), tried both PRF and UNC but Firefox wouldn't get me to the cart on either. Had to use IE and it was pretty quick.

Ordered 5 PRF then separately 5 UNC w/n 2 minutes or so. Order #s were 493 apart. Ship date is 2/19 on both orders.

At February 13, 2009 at 5:13 AM , Anonymous Anonymous said...

I'm with you. I wonder if FireFox has some sort of issue with the Mint. I couldn't get IE to work either, and ultimately got through with FireFox. I had the same problem on the UHR with FireFox.


At February 13, 2009 at 5:17 AM , Blogger Mint News Blog said...

Interesting, I've never tried using different browsers. I'm always on Firefox.

At February 13, 2009 at 10:49 AM , Anonymous Anonymous said...

Mint site says backordered until 4/1/09 for PF and MS. Initially looks like there was a run on them.

The ship date on my 5 & 5 went from 2/21 to 2/19.

At February 13, 2009 at 5:05 PM , Blogger Andy said...

Damn!!! More time to wait for it!! Should be in the US for it arriving though.

At February 13, 2009 at 6:42 PM , Anonymous Anonymous said...

Re: browser issues-- had same problem using FF when i ordered the UHR, order review wouldn't refresh until i opened it up again in another tab.

In Safari the product pages scroll quaintly down in one long narrow text column, but in FF text wraps as intended (but it's the mint, so who knows).

In the past the mint used a web programming language called Cold Fusion, a seriously deprecated product, for years, and even today their site design is charmingly amateurish at best. But one is fond of it. And therin lies its charm?

Oh yeah-- picked up 5 unc today to go with the 5 pr yesterday-- they must be segregated 'cause they don't get along

At February 13, 2009 at 7:09 PM , Anonymous Anonymous said...

Yep, mint site says backordered until April Fool's Day. There is something somehow familiar with that-- there is something in the air, I think this is going to be another year like last year and 2006 and 2004 ... some series will turn out to be real winners, the question is, which witch?

I think the mint will have trouble having enough blanks on hand, what with the pressure on precious metals and all, and collapse of the economy and stuff.

Some issues are easier to predict. I never saw last year's proof set coming (or the pr sae) but was all over most of the Anniversary sets.

Having said, that the Lincoln releases seem like a winner-- maybe it's wishful thinking-- but also consider many people don't have the disposable income to spend on coins and such ... and maybe you end up with a low-mintage quan.

At February 13, 2009 at 7:46 PM , Anonymous Anonymous said...

I could not see my order either. They had number on order screwed up when I called.

At February 16, 2009 at 7:24 AM , Anonymous Anonymous said...

I posted this FF comment:

"About 30-45 minutes in (not sure exactly), tried both PRF and UNC but Firefox wouldn't get me to the cart on either. Had to use IE and it was pretty quick."

Michael - I always use Firefox as well for everything I can (including U.S. Mint orders). My primary computer has FF v.1.0.

I wonder if v1.0 is getting dated. Did anyone have issues using a newer v. 3.0+ version of FF?

Also, does anyone know the ETA for the U.S. Mint to bring the "track order" page back up?

At February 17, 2009 at 7:39 PM , Anonymous Anonymous said...

Probably not. There is not much discussion of these coins on any of the silver blogs I read, just numismatics seem interested.

For a silver collector, like myself, I'm going to pass. I mean, come on, it's only 90% silver, not marked, is 3x's the spot price, has that damn ugly Yankee dictator who suspended the Constitution in favor of federalism & oligarchy, and the reverse totally sucks! For a coin collector, it may be worth something, but for me, all I'll give you in a SHTF situation is its silver value; no more, no less. If I WAS to buy anything, it would be the the commemorative set, which will more than likely still be over priced, and take forever to receive.

Besides, I'm still waiting to hear if the W-Series Burnished SAE will be struck or not, and if my subscription will ever be filled. At least they are closer to spot and are way more prettier.

Though I'm considering saying screw the whole US Mint bit anyways, and switching to those pretty birdies from Australia, at least they are available, even though the queen is ugly too!

Just my 2 centavos.

At April 7, 2009 at 1:10 AM , Anonymous Anonymous said...

"is 3x's the spot price, has that damn ugly Yankee dictator who suspended the Constitution in favor of federalism & oligarchy"

1. All US silver commemoratives have been issued above spot price because the point is for the govt to raise money.
2. You must be from the south. Get over it; the south lost; and it was for the best. You're free to leave the country if you like; you're not a slave in this country.


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