John Tyler Presidential Dollar Rolls
The US Mint will offer John Tyler Presidential Dollar Rolls starting on May 21, 2009 at 12:00 Noon ET. This will mark the second Presidential Dollar coin release for 2009.
The offering will include 25-coin rolls from either the Philadelphia or Denver Mints. The rolls will be priced at $35.95 each and come in custom US Mint wrappers.
The previous William Henry Harrison Presidential Dollar Rolls sold out after attain sales of 30,000 Philadelphia rolls and 30,000 Denver rolls. The sell out was unexpected since Presidential Dollar Rolls and Bags are still available at the US Mint for all prior Presidential Dollar coins from Thomas Jefferson to Martin Van Buren. All of the rolls still available for sale have all sold more units than the 30,000 allocated for each WHH Roll.
The recent trend has been for unexpected sell outs to result in secondary market prices which quickly ratchet higher. The William Henry Harrison US Mint Rolls are no exception. Some Philadelphia Mint rolls have sold for over $300, and Denver rolls have sold for over $100. Here are the current eBay auctions.
Although the John Tyler Dollar has not yet been released into circulation, the US Mint has already posted the final production figures for the coin. As might be expected, the overall mintage represents another new low for the series. The overall mintage is 87,080,000 coins with production divided at an even 43,540,000 each for the Philadelphia and Denver Mints. The previous low was held by the William Henry Harrison Dollar with an overall mintage of 98,420,000 divided at 43,260,000 at the Philadelphia Mint and 55,160,000 at the Denver Mint.
There will be an official launch ceremony for the John Tyler Presidential Dollar today, May 19 11:00 AM at Sherwood Forest Platation in Charles City County, Virginia. The ceremony takes place two days before the official release of the coins into circulation. Children in attendance will receive a newly minted coin, however there will be no coin exchange after the ceremony.
Labels: Bags and Rolls, Presidential Dollars
posted by Mint News Blog @ 6:01 AM
12 Comments:
Does anyone know how long the Harrison roll was available? I can't see when it sold out. Does it stand to reason with the dwindling sales of Presidential dollars that John Tyler rolls will not go over 30,000 each?
Didn't know where to post this, but I read H.R.1209 passed the house on coinlegislation.com It proposes that a commemorative coin be produced in 2011 for the medal of honor $1 silver and $5 gold. So is it a go or does the bill still need to go though more review?Congress- president-etc.
Wonder why the mint doesn't have the Tyler rolls in the Upcoming Products section yet. They're usually pretty good about having them there at least a week before they go on sale. I see the Proof Set is already there. Is it possible that there will be a delay on the release of this product?
Other examples of unexpected sellouts are the DC Quarter roll set and, of course, the Lincoln Birthplace roll set.
I hope the Tyler rolls don't sellout before May 26 so I can order them at the same time as the Guam quarter rolls.
> Does it stand to reason with
> the dwindling sales of
> Presidential dollars that John
> Tyler rolls will not go over
> 30,000 each?
No, you can't make that assumption. The Puerto Rico quarters have lower mintages than the DC quarters, but the Mint, for whatever reason, decided to make more PR rolls than DC rolls.
In response to some of the questions-
Scot in Ky-
The WHH Rolls went on sale February 19th. The listings were removed briefly mid March, but then went back on sale. They sold out some time in the first week of April.
On the 30,000 number, I have to agree with the later response by Anonymous at 10:04. The Mint seems to realize that they greatly underestimated demand for the WHH, DC, and Log Cabin rolls, and may be allocating more for subsequent releases.
Anonymous at 9:04 AM-
The bill still needs to pass in the Senate and then get signed by the President. This bill has a very large number of cosponsors, so it seems likely that it will become law.
Anonymous at 9:29 AM-
I found that odd, as well. The Mint did issue two press releases about the roll offering which include the March 21 release date (one press release this morning), but we'll see what happens.
To 9:29AM, the Tyler rolls have just been added to the Upcoming Products section.
DOES THE MINT HAVE AN OFFICIAL POSTITION ON THE DIRECT SHIP ROLLS ON WHH, TYLER AND THE UPCOMING PRESIDENTIAL COINS?
Regarding the Direct Ship Rolls, I have not seen an official position from the Mint, but most recent "unofficial" one is provided here:
http://coins.about.com/b/2008/11/13/van-buren-dollar-not-part-of-direct-ship.htm
The article stated that MVB Dollars would not be added to the program. No other releases have been added since.
Regarding the direct ship Rolls, I read somewhere that until the current presidents currently listed sell out, no new presidential rolls will be added to the direct ship program. If this is accurate, it is disappointing to me as I would like to buy a box of each president in the series. As the production numbers decrease, it is getting harder to pick up several rolls at the local banks. Can anyone verify this info?
It's hard to tell when the Presidential Dollars listed in the direct ship program actually ARE sold out or not. They keep slipping into that status for a time, then magically re-appearing later. Pretty much all of the 2007 designs have pulled that trick. Just this morning, I noticed that the Thomas Jefferson direct ship rolls are once again listed as "Sold Out". Will they stay that way? Only time will tell.
The Mint raised the limit of 2009 Native American Dollars available through the direct ship program from $500 to $5,000. So, I ordered the additional quantity to look through for more errors. I still have $1,500 left to examine, but I did find one that has an edge lettering spacing error. The spacing of the stars is off-kilter, and some of the lettering is too close together too.
Who else thinks that the sculpt of John Tyler looks kind of like Grand Moff Tarkin in "Star Wars"?
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