Mint News Blog

News, Information, and Commentary on US Mint Products

Saturday, March 21, 2009

2009 Lincoln Commemorative Approaching Sell Out

Strong sales for the 2009 Lincoln Commemorative Silver Dollar continued at the US Mint. Recent sales figures show that the coins are very close to a sell out, although there are some factors which may temporarily slow the pace of sales.

Numismaster reported the following sales figures as of March 15, 2009:
2009 Lincoln Commemorative Coin Sales
Proof 296,488
Uncirculated 126,963
Total 423,451

The maximum authorized mintage for the commemorative coin offering is 500,000 across all ordering options. In order to attain a sell out, individual coin sales must reach a combined level of 450,000. A special five coin set containing the proof version of the coin will be offered later in the year and 50,000 coins will be reserved for the set. There was initially some speculation about whether another 50,000 coins would be reserved for inclusion in the American Legacy Collection, however I have now been told that this product is discontinued for 2009.

With only 27,000 coins left to go, it might seem that a sell out could happen soon, but there are a number of factors which may slow the pace of sales and possibly keep a sell out temporarily at bay.

First, the prices for the 2009 Lincoln Comemmoratives were raised after the pre-issue discount period ended on March 16, 2009. The current prices are now $41.95 and $33.95 for the proof and uncirculated versions, respectively. Since the pre-issue discount period is widely known, most collectors will purchase early to take advantage of the lower prices. Once the higher prices come into effect, there is usually a temporary lull in sales.

The Louis Braille Commemorative will be released on March 26, 2009. This competing commemorative coin program may draw some interest, and at least temporarily overshadow the Lincoln Commemorative.

Finally, the household ordering limit of 100 remains in place. This limit was put in place for the first 30 days of sales, to be re-evaluated at each subsequent 30 day period. While this is a fairly high order limit, it may prevent some bulk ordering.



At March 22, 2009 at 10:48 AM , Anonymous Anonymous said...

Has anyone seen an error version of one of the Lincoln Dollars yet? I received my first shipment about a month ago and just started looking through it this weekend. On about 6 of my 30 "Uncirculated" dollars (not proof), there is a bit of extra metal between the I and the B in Liberty on the flat area of the coin. This results in a bump in the surface of the coin but being more of a casual collector I'm not sure if this constitutes an error or just poor worksmanship on the part of the mint. If someone out there has an opinion please share. I could take a picture in the next few days and send it to anyone who wants to take a closer look. Thanks.

At March 22, 2009 at 11:03 AM , Anonymous Anonymous said...

No American Legacy Collection this year? Another stupid decision by the mint. Wouldn't the Lincoln Commemorative have been the epitome of an American Legacy? No doubt a decision by high paid executives instead of real people with common sense.

At March 22, 2009 at 8:07 PM , Anonymous Brad said...

Instead of discontinuing the "American Legacy Collection", the Mint should have reduced the number of sets allocated to that program. The 2007 and 2008 sets did not sell all 50,000 units as the 2005 and 2006 sets did, but a 2009 set would have likely sold about as many as the past couple of years, which was in the neighborhood of 25,000 sets. It's frustrating to have a series going, only to have it pulled out from under you.

Maybe the Mint could be persuaded to reduce the special Lincoln set that will contain a Proof dollar and the four pennies to 25,000 units, and reserve 25,000 proof dollars for an "American Legacy Collection". Maybe that could be suggested?

At March 24, 2009 at 11:25 AM , Anonymous Anonymous said...

The UNC Lincoln has sold out-the US Mint now accepts orders on a waiting list only.

At March 24, 2009 at 12:52 PM , Anonymous Anonymous said...

I am still waiting for my coins. "Still in Progress" and "Backordered". Estimating shipping date is March 31, 2009.

Can't US Mint just print them like credit cards? We r paying a premium for these coins and it should have enough silver to get the job done

At March 24, 2009 at 1:07 PM , Anonymous Anonymous said...

Oddly enough, the Proof coin does not have a "wait list" notice on it's page. How come the Mint would cut one option off before the other, when demand is supposed to dictate the breakdown of the 500,000 coin maximum?


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