Mint News Blog

News, Information, and Commentary on US Mint Products

Saturday, May 30, 2009

2009 US Mint Bags and Rolls Sales Figures


Some of this year's most popular US Mint products have been bags and rolls of circulating coins. The popularity of the bags and rolls is being driven by a number of factors.

Primarily, circulating coins have much lower mintages for 2009 compared to prior years. In some cases final mintages are the lowest levels seen in more than 40 years. Circulating coins have become much more difficult to obtain. In the past, with a little bit of effort, uncirculated rolls of most denominations could be located at banks and exchanged for face value. This year finding coins for face value through the normal distribution channels have proven much more difficult.

These factors got the ball rolling, but the US Mint's offerings have taken on a life of their own. Secondary market prices for the US Mint issued bags and rolls of coins carry premiums far above those for generic unwrapped rolls. The US Mint's early 2009 bags and rolls sold out early and had short production runs, which caught many collectors off guard. Prices quickly increased for the sold out products. The profit potential has attracted many buyers to the newer releases.

In the past, I have not written any posts focused on the sales figures for bags and rolls, but with the increased interest in the products, I felt the numbers were worth a look. Listed below are the sales figures for the US Mint's 2009 bags and rolls offerings. The figures are the last reported mint statistics from Numismaster. Lines which appear in italics are no longer available at the US Mint. Figures for Guam Quarter bags and rolls are not yet available.
2009 Lincoln Cents
Birthplace Two Roll Set 96,000
Formative Years Two Roll Set 222,826


2009 Presidential Dollars
William Henry Harrison Roll - P 30,000
William Henry Harrison Roll - D 30,000
John Tyler Roll - P 25,561
John Tyler Roll - D 24,792


2009 DC & US Territories Quarters
District of Columbia 1000 Bag - P 653
District of Columbia 1000 Bag - D 704
District of Columbia 100 Bag - P 8,304
District of Columbia 100 Bag - D 10,394
District of Columbia Two Roll Set 31,021


Puerto Rico 1000 Bag - P 1,047
Puerto Rico 1000 Bag - D 953
Puerto Rico 100 Bag - P 20,000
Puerto Rico 100 Bag - D 17,295
Puerto Rico Two Roll Set 41,669
The earliest releases for the Birthplace Lincoln Cents, William Henry Harrison Dollars, and District of Columbia Quarters had slow sales and were only available for a brief time. After the sell outs, prices increased by many multiples on the secondary market.

Recently, the Birthplace Lincoln Cent Two Roll Sets have sold on eBay for around $65 to $75, compared to the offering price of $8.95. The William Henry Harrison Rolls have sold for over $100 for Denver rolls and over $200 for Philadelphia rolls compared to the offering price of $35.95. The District of Columbia two roll sets and 100-coin bags have sold for prices ranging from $60 to $100 compared to offering price of $32.95.

People have definitely noticed these prices and began ordering the newer releases in larger quantity. The John Tyler Presidential Dollar rolls went on sale less than 10 days ago and have sales already approaching the levels of the entire William Henry Harrison sales. The US Mint has also noticed the high demand for bags and rolls and are apparently increasing the number available. The Formative Years Lincoln Cent rolls have already recorded more than doubled the sales of the prior release and continue to be available.

If you are speculating on some of the current bags and rolls offerings take note of the increased orders and increased production runs, which may keep secondary market prices in check even after the eventual sell outs.

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22 Comments:

At May 30, 2009 at 6:29 AM , Anonymous Anonymous said...

Michael,
You said,"If you are speculating on some of the current bags and rolls offerings take note of the increased orders and increased production runs, which may keep secondary market prices in check even after the eventual sell outs." How do you know that the US Mint have increased the production of the Presidential Rolls?The product ordering page says that "The United States Mint will continue to sell previously issued Presidential $1 Coin Rolls until inventory is depleted",so the final mintage could be the same as the Harrison's.

 
At May 30, 2009 at 6:58 AM , Blogger Michael said...

I am basing this on the fact that the US Mint has continued sales of the cents and quarters beyond the sell out levels of the prior releases.

As mentioned in some previous posts, they seem to be making many more rolls and bags available for new releases- but they're not telling how many. In general the US Mint likes the idea of "ensuring the broadest possible distribution." When something comes along and sells out quickly, they usually compensate (sometimes overcompensate) to make sure more are available for the next release of a similar product.

That said, it is still possible that the John Tyler Rolls have the same number available as the WHH Rolls, but I think it is less likely. At the current sales rate, we should known within a week.

 
At May 30, 2009 at 7:14 AM , Anonymous Anonymous said...

I’d be curious to know that the bag and two roll set mintages were for the final year series of state quarters. It wouldn’t be a direct comparison of course since it’s 5 vs 6 plus more people are buying Territory quarters directly from the Mint since they can’t get them at banks… but I’d still be curious to know.

 
At May 30, 2009 at 7:33 AM , Blogger Michael said...

That's a good thought. I dug up the last numbers for the Hawaii Quarter:

100 coin bag P - 17,560
100 coin bag D - 17,288
1000 coin bag P - 992
1000 coin bag D - 947
Two Roll Set - 74,123

 
At May 30, 2009 at 8:39 AM , Anonymous Anonymous said...

I am curious to know if actual mintage's for the coins themselves are changing. The mint is making for example more rolls of the log splitter available. Are they just repackaging the ones they would have sent to the Fed for distribution by the banks?

At the end of the day, this is a hobby about collecting coins in various states of wear. Buying the rolls gives you a chance to have coins in better condition but you are still getting it for the coins themselves.

Any numbers that Michael can provide would be helpful.

 
At May 30, 2009 at 8:58 AM , Anonymous Anonymous said...

Thanks for the quick reply Michael. Wow! That’s a big swing in the two roll set totals (Hawaii vs. the Territories). I actually thought Hawaii would be lower since back then you could still get new coins at banks (sometimes) or from dealers. I wouldn’t think the 5 vs 6 thing would have a big impact on Mint wrapped quarter totals since it’s mostly collectors buying Mint wraps and they’ll want one or more of each.

Regarding the post just before this reply… Think of how small the overall impact is on totals if they merely Mint wrap an extra hundred thousand rolls – like the second penny release this year. 5 million certainly isn’t chump change in most situations, but if they made a quarter billion of them in total… it kind of gets lost in that bigger number.

I think the Mint missed the boat by not wrapping whole rolls of the copper pennies. Imagine how many people would have lined up to buy those… and the cost would have been what to them… an extra cent for each penny?...

 
At May 30, 2009 at 5:20 PM , Anonymous Anonymous said...

Even if the number of Guam Mint rolls exceeds those for DC and PR, I think they will command a hefty premium if the final quarter mintage comes in low, as many are anticipating. Keep an eye on the production numbers that the Mint will be announcing next week. If they are 40M or under, the Mint is going to be swamped with orders.

 
At May 30, 2009 at 5:29 PM , Anonymous Anonymous said...

I'm noting a trend where the rarity of the Mint item itself is driving the market rather than the rarity of the coins themselves that are packaged in the item. Maybe this has always been there, but it seems to be more pronounced this year.

A good example is the Birthplace roll sets. The coins themselves certainly do not justify the current market prices. Plus we see if they are packaged in bank rolls, the value goes way down. There's also a premium attached to unopened packages. It's becoming more about the packaging and less about the coins.

This doesn't feel like a healthy trend for the hobby.

 
At May 30, 2009 at 8:10 PM , Anonymous Anonymous said...

Welcome to the world of action figure collecting

 
At May 30, 2009 at 8:40 PM , Anonymous Anonymous said...

Whether coins or anything else, their is a supply and demand issue. If a whole lot of people think a simple rock is worth something then that rock will go up in value even thought their is no intrinsic value involved. Due to the rise in collectors and speculators, I see the coin market pricing only going up. With respect to silver and gold coins specificly, these will far outpace others due to the collector aspect and rise in the prescious metals market!

 
At May 31, 2009 at 8:17 PM , Blogger HBGuy said...

Michael:

If the Mint is producing circulating coins in much lower volumes, why is it having trouble producing and meeting demand for bullion coins?

I realize that gold coins are produced primarily at West Point, but other facilities have produced gold coins in the past. Is this a case of poor planning on the Mint's part?

I ask because the Royal Canadian Mint is working 24/7 to produce the Gold Maple Leaf, and the Perth Mint hasn't had any delivery problems since late last year. The production figures to date for the UHR coin aren't that high, so what's the problem?

 
At June 1, 2009 at 7:08 AM , Anonymous Anonymous said...

Might the speculating end when the coins finally get into circulation?

I found my first 2009 Cent today in change; it was a Kentucky Birthplace one from Philadelphia.

 
At June 2, 2009 at 8:16 AM , Anonymous Anonymous said...

Both P & D Tyler rolls now sold out at the mint!!!

 
At June 2, 2009 at 9:02 AM , Anonymous Anonymous said...

Incredible!! US Mint is playing with my brain ;o) I thought they'd do the same as they've done with the cent "Formative Years." I bought two sets of Tyler P&D just in case, to see if I could possibly trade one set for the Harrison set ... and YEA, I think I might just be able to. I waited too long to buy the Harrisons and lost out. Wow ... I feel lucky ;o)

 
At June 2, 2009 at 9:16 AM , Anonymous Anonymous said...

Looks like the Mint made the same number as the Harrison rolls. I also thought the Mint would over-produce these and bought only one roll of each. I'm gonna go all in for the Polk rolls.

 
At June 2, 2009 at 9:20 AM , Anonymous Anonymous said...

they'll probably make 10000000000 sets of those :)

 
At June 2, 2009 at 11:11 AM , Anonymous Anonymous said...

Mint numbers are out for Guam, lowest so far.

 
At June 2, 2009 at 11:21 AM , Anonymous Anonymous said...

2009 District of Columbia and US Territories Quarter Production

Design Denver Philadelphia Total
District of Columbia 88,800,000 83,600,000 DC Total 172,400,000

Commonwealth of Puerto Rico 86,000,000 53,200,000 PR Total139,200,000

Guam 42,600,000 45,000,000 Guam Total 87,600,000

Grand Total: 399,200,000

Better get em while they last on usmint.com

 
At June 2, 2009 at 12:23 PM , Blogger Michael said...

"If the Mint is producing circulating coins in much lower volumes, why is it having trouble producing and meeting demand for bullion coins?"

The US Mint has constantly cited the limited supply of gold blanks. There was some corroboration of this from other world mints late last year, which also delayed and suspended some gold bullion products. However, this year especially recently the shortage seems to have abated.

This is not confirmed- but I think the US Mint is finally catching up and perhaps building an inventory of bullion coins before moving on to produce the collector versions of the Gold and Silver Eagles.

 
At June 2, 2009 at 7:43 PM , Anonymous Anonymous said...

Due to the lengthy wait for them and the generally accepted feeling that there will not be very many minted, the 2009 American Eagle Silver and Gold Proof Coins will FLY off the shelves! The Mint's online catelog will most definitely be bogged down at 12:00 pm ET on whatever day the coins go on sale. Be ready!

 
At June 3, 2009 at 10:08 AM , Anonymous Anonymous said...

just get a subscription to the eagles and no worries other than(just hope they process it, ship it and remember it)

 
At July 24, 2009 at 11:49 AM , Anonymous Anonymous said...

Boy, did you miss the call on the Tyler rolls! Even fewer coins minted and the rolls just flew off the shelves at the mint. And, the aftermarket went crazy. The Tyler rolls are selling just as good in the aftermarket as is the Harrison rolls. If the mint wants to get the golden dollar to be accepted in circulation, it will have to flood the banks with these coins and reduce the number of paper dollar bills they produce. I don't think that is going to happen. When the series is finished you will see the market for a complete P/D set of the Presidential coins on fire, even more so than the State Quarters is today.

 

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