John Tyler Rolls, Anna Harrison Medal Sold out
There are two products sold out at the US Mint. The John Tyler Presidential Dollar Rolls are sold out again, and the Anna Harrison Bronze Medal is now listed as sold out.
The John Tyler Presidential Dollar Rolls had first sold out on June 2, 2009. The ordering options were removed and the "sold out" message was added to the product pages. Mint Stats had indicated sales of 30,000 rolls from each Mint, the same sales level as the prior William Henry Harrison Dollar Rolls.
The rolls unexpectedly went back on sale this Wednesday. I wrote a post to inform Mint News Blog readers. As of this morning, the rolls are once again listed as "Sold Out." The mysterious return and rapid sell out seems to suggest that the rolls went back on sale after order cancellations or invalid credit numbers reduced original sales. We will need to wait a week to confirm, but it seems likely that the 30,000 sales numbers previously reported won't change, since the additional sales are replacing canceled orders.
The Anna Harrison First Spouse Bronze Medal has been listed as "Sold Out" for approximately one week. The medal originally went on sale February 25, 2009 at the same time as the corresponding gold coins. About four and a half months later the individual medals are no longer available.
Based on last year's medal sales, it seemed reasonable to expect that the Anna Harrison Medal would remain on sale for the entire year. Unlike the gold coins, the bronze medals have no production limit and no ordering limits, and all four last year's First Spouse Bronze Medals remain available for sale. However, similar to situations for other 2009 products, the US Mint seems to be changing the rules.
The Anna Harrison Bronze Medal still remains available for sale in the Presidential Dollar Coin & First Spouse Medal Set priced at $8.95. These sets have proven popular for prior releases, with all 2008 versions sold out. The William Henry Harrison & Anna Harrison Set has recorded sales of 12,676 to date.
The Harrison Bronze Medal will also appear later this year in the First Spouse Bronze Medal Set. This set contains one of each First Spouse medal issued during the year. The US Mint's product schedule currently lists this set with a "winter" release date.
Labels: Presidential Dollars
posted by Mint News Blog @ 6:43 AM
45 Comments:
Anybody know if there been any decent after-market values for the prez coin and spouse sets? For the past two years, I usually just collect the 4-coin bronze medal set for my own collection. I've never thought too much about buying the prez/spouse sets, since I'd be just getting the same coins in different packaging.
I'm surprised they don't make GOLD bullion versions of the Prez coins like they do with the Spouses.
Mint-wise, this seems like it'll be a long dry summer without much to get interested in... until around August when the quarter, prez coins, and pennies start coming back around.
Not that this has anything to do with the blog post, but I have already received my Proof Sets and am now finding siome Formative Years cents in circulation. However, I have only seen one Birthplace cent in circulation, along with zero 2009 quarters (any kind), zero dimes, and zero nickels.
So, looking forward to the POLK dollars. One could make the case of not buying any Polk rolls until they sell out and become available again about a week after they initially sold out.
I've actually seen a couple of Birthplace cents in circulation so far... I haven't seen any Formative Years. I have seen one or two DC and Puerto Rico quarters in circulation. No Guam. And of course, no dimes and nickels.
I'm heading to CA next week and will ask around at banks and grocery stores whether they have rolls of 2009 dimes/nickels. Cause, while there have been P versions of 2009 nickel/dimes on Ebay, there haven't been any D mints (I think).
I'm looking forward to POLK mostly because I think he was an under-rated president and looking forward to at least one or two news articles talking about his presidency. He promised only to run for one term and get about four main things accomplished, and he kept to his word. Of course, if you're not a fan of the Mexican-American war, you probably don't like POLK to much.
So whats the rationale for waiting until they reappear after the initial sold out? I can only assume that, by then, you can tell how much they're worth in the secondary markets and thus whether you should buy a lot or not. But you'll have to be on your toes... the second reappearance lasted a little under two days.
As always the Mint decide to be moody again and change mintages for the rolls, but I think it'll be pretty safe to buy a handful of rolls when POLK comes out.
How high John Tyler Mint roll can sell, say, in 3 months? I just checked Ebay seems most of them were sold for around $50 a roll. I only bought some D rolls and want to hold them for a while, but price may go down down the road...
It really makes no sense. There are the SAME number of Tyler rolls as there are Harrison rolls. One would think they would be going for the same price. Not sure if the secondary market knows that there are only 30K of the Tyler rolls.
I think in time the Tyler rolls will increase in price (on Ebay) after the dust settles. Many that paid a high price after the first sell-out were probably discouraged when the Tyler rolls suddenly reappeared for sale at the Mint (I don't blame them) - it will take a little while before everyone realizes Tyler is sold out yet again. Tyler will catch up to the Harrison prices on Ebay if the mintage is the same as Harrison.
Since Harrison rolls command such high premium, people bought Tyler rolls in bigger lots and dealers did that too. People want to get money back asap so they set BIN low on Ebay. That is my thoughts on this. The question is how many buyers are there who really want the roll.
So you think the price is low now on the Tyler rolls and once dealers dump their stock on the secondary market, the price will inflate?
It is hard for me to figure out why people want those and are willing to pay such premium. Not many people bought presidential rolls in 07 and 08. Why they buy this year? Mintage low this year but I guess this may be due to the limited options from the Mint now.
Well, the 30K sets for the Harrison and Tyler are considerably lower mintages than the rest of the Presidential coins for one thing. Plus, the most of the other pres coins are still available Years after they were first issued.
Speaking of low mintage....I'm suprised that there's not much talk about the Guam Quarter! I figured these would sell out in the first week with such a low mintage. What gives?
A lot of the frenzy this year is attributed to the amount of coins the mint is selling. Probably 40 - 50% less coins are for sale at the mint. Plus their have been a huge influx of modern dated coin collectors coming to the market. The Tyler's will go up but people need to give it time. The price will probably hit an avg. of $55 but a month from now will go back up to the high 60's to 70's.
I agree it will go up in a month or so, but long term (> 1 year) I don't think it will hold on to even $60.
Less than 20 Hurrison mint rolls on Ebay now and selling price was as high as more than $200 a roll. Do you think Tyler can catch up?
I don't understand why Hurrison selling that high. Crazy...
Hope my Tyler can sell that high sometime, but I am not that optimistic. I will be happy if I can sell them for $80.
Well, lets see. With only 30,000 sets you have to figure that other than "flippers" the people that bought these are going to hold on to them and not put them on the market. As collectors purchase these at premium prices they also get taken "off" the market. I can see the Tyler rolls hitting close to the Harrison rolls say within a month. 30,000 seems to be a good number for the mint rather than selling these things at the mint for years.
I must say that the Mint's move to limit these rolls is a brilliant move. Sales of these rolls has continually declined with each new president issued. By limiting Harrison and Tyler to 30,000 sets, there can only be 30K "complete" sets for the entire presidential roll line (unless they limit future rolls to even lower amounts). This is definetly going to energize demand for these products, even if you don't like them. Who knows, maybe Tyler and Harrison could be the "key" rolls for the collection (I doubt it, but who knows).
This dude actually lost money selling an unopened D-mint Tyler roll:
http://cgi.ebay.com/2009-D-JOHN-TYLER-ROLL-MINT-SEALED-BOX-JK4-IN-HAND_W0QQitemZ180366935147QQcmdZViewItemQQptZCoins_US_Individual?hash=item29feb5046b&_trksid=p3286.c0.m14&_trkparms=65%3A1|66%3A2|39%3A1|240%3A1318|301%3A1|293%3A1|294%3A50
That is PRECISELY why I never sell items through the auction process with a low opening bid. You just never know who will see an item when, and how badly they want it. If there are no competing bidders or bids placed are too low to drive the price up, situations just like the one you referenced will happen. It used to happen to me on occasion.
Now, I simply make the opening bid the amount I need to get for the item, and use the "Buy It Now" feature at that exact same price so they can buy it instantly. No more being victimized by low-ball bidders.
I don't understand those that have an item open for both bidding and Buy It Now AND setting the prices of each pretty close together. For the buyer, it hardly makes too much since to even "bid", if the BIN is just $10 or so above the starting bid. Just forget about Buy It Now and set your starting price to your break even price.
None the less, I think .99 starting prices are fine... you just have to know the market well enough to figure out which ones a low starting price will work. I find the lower my starting price, the more bids it gets, and thus the more watchers it gets. It seems once people have a set or two on their watch list, they no longer search for current items to compare if what they are bidding on their watch list is more than what they could get elsewhere.
Lasloo - Generally I agree with your theory for Ebay ... I have noticed that when the item has flooded the market a seller's coin is usually noticed quicker starting at .99 and free shipping. You have to do the homework and check to see if it's selling at all to do the .99 start price. The .99 start is not always sure-fire.
If I have more than one roll of something I usually take my chances with .99 As an example, with the Birthplace cent rolls I sold at $43 and then another time at $91 ... started both auctions at .99 - the span is interesting. When it's a hot item I like to do a one day.
Please ... I am not an expert ... just sharing my experience.
victimized by low-ball bidders? Who is victimizing who? You because you want to make a quick profit or them because they want the best price?
Well, maybe "victimized" wasn't the right way to put that. What I meant was being forced to sell a usually "hot" item for a loss, simply because the bidding started low and the right people didn't see it at the right time to bid it up to at least the break-even point. That's what I meant.
As I'm sure you know, in order to break-even when selling an item on eBay, it is necessary to make a few dollars more than the item's original cost, in order to cover the eBay and PayPal fees as well as postage to the buyer. That's why I abandoned the bid process and just started using the "Buy It Now" at a level where I can at least break-even and the asking price is not above what the market will bear. In other words, I'm not being greedy, I just want to make sure I recover my costs when I can and have something left over after paying everyone else if at all possible.
Having been a collector of various items for years, I've learned that one should collector for enjoyment rather than for profit.
I am willing to bet that most coin collectors who speculate about the coin market actually wind up losing money in the long run.
It's like gambling at a casino. You may hit the jackpot once in a blue moon. When you do, that just motivates you to take more chances. In the long run, for those who admit their total losses and gains, one tends to break even or there about. Some lucky folks may always hit it big, and some unlucky folks will be deep in the red. But all in all, the average person will break even or even lose.
I would not compare buying coins for profit to casino gambling. I've done both and find buying coins a whole lot better, at least I can keep my principal most of the time ;0) I know that serious coin collectors kinda put down folks trying to make a little money with coins - if you resent this you can resent the hundreds of coin shops too ... they seem to be way more pricy than what is selling on Ebay. In economic hard times like this you can't hardly blame anyone trying to make a profit ... What I do resent are the sellers are not truthful in their descriptions of what they sell, ie. exaggerate the scarasity, using the term "rare" all too frequently when there are an abundance of same listed for sale.
It looks like there are real deals on these Tyler rolls right now and really good buys on Ebay. Don't think it will last this way though.
On another note, I have received 4 back order emails about the 2008 FIRST SPOUSE BRNZ MED Set. What gives? Prices on Ebay don't seem to reflect this. Any comments.
Ok fellow Bloggers. I have found a 1909 s vdb penny for sale close to me. If anyone is good at estimating a grade I would appreciate someone giving me their opinion. Thanks. Here's a link to the pics.
Scot
oops. here's the link.
http://louisville.craigslist.org/clt/1181279277.html
I would agree that it is "at least very good"; however, the photos are not sharp enough to grade it any higher. Can not see how much detail is in the wheat shafts, etc.
Thanks Jeff
"On another note, I have received 4 back order emails about the 2008 FIRST SPOUSE BRNZ MED Set. What gives?"
I also have one set on back order. I have been getting emails for months. When some of the Presidential Dollar and Bronze Medal Sets sold out, numerous people who had sets in backorder for months had the orders canceled.
I hope the same thing doesn't happen for this set.
The Tyler rolls seem to be coming back up in price on ebay!
Latest stats from the Mint for Tyler rolls shows the same numbers:30,000 for P and 30,000 for D.These are exactly the same numbers as Harrison's rolls.
My P & D rolls shipped from the Mint today fyi
mine too and my mint sets shipped 2 days ago (order june 1st in the evening)
My Tyler rolls were supposed to have been shipped yesterday, 5 of each. I call them my "sloppy seconds" from previous deadbeat buyers, since I did not place an order during initial availability. I didn't trust the Mint to cut off sales at 30,000 again. My money is NOT on the Mint limiting Polk to so few rolls, but who knows? I might pick up a few of them just in case. If nothing else, the overall mintage of James K. Polk will undoubtedly be the smallest of the Presidential dollars thus far.
If let's say an average of 40,000 of each presidents was US minted this year we could only assume that there would be only 40,000 complete sets ... right? If so ... I would say that the president complete collection would be very sought after when it's all said and done. Somebody correct me if I'm missing something here.
It all depends on what people end up wanting to collect down the road. Despite sales levels of around 138,000 from each mint for the 2007 George Washington U.S. Mint rolls, there can only be 30,000 COMPLETE SETS of Presidential Dollar rolls in U.S. Mint wrappers ever assembled, courtesy of the 2009 Harrison and Tyler.
Who knows, future years may (and most likely WILL) have even lower sales levels for U.S. Mint rolls. But, if a few years from now no one is interested in these rolls anymore, low sales levels won't matter.
I guess the bright side is that they are sold for only about $11 over face value, so they will ALWAYS be worth $25 no matter what happens. That makes them a relatively safe investment item.
That being said, let's see how fast we can make the Polk rolls sell out! :)
Thanks .. if there are only 30,000 Harrison and Tyler, doesn't it stand to reason that going forward less people would want to buy these rolls if they have little hope for a complete US Mint set and therefore the mint will mint less in the future. I'm just trying to figure if this is a great investment for my grandkids in sixteen years ... OR NOT. I'm thinking Polk will be the same mintage.
If you are looking for a great investment for your grandkids, I would buy something other than the presidential rolls. How many grandkids are we talking about? If you are loaded, and don't have many grandkids, I would buy them something like a 2009 UHR. Low mintage and will most like gain in value over the years. Plus it is a great coin! Just my opinion. And the UHR is $1300. Hope you only have one grandkid! You could also buy them the annual silver commemoratives that come out. Like this year, there was the Silver Lincoln and the Louis Braille. Can't really go wrong with those either.
Hey .. thanks for responding .. you gave me a chuckle. No .. I'm very far from loaded, so gold is out of the question ;0) wish I was .. just want to give the grandkids an alternative to toys, something that could hopefully appreciate and they could cash in to help for college. Wish I could do the gold thing, I have done the Lincoln and Braille silver thing - the presidents just seemed very interesting to me and in a worse case senario, very liquid. Thanks for taking the time.
You might be better off just buying the grandkids U.S. Savings Bonds. Upon maturity, they will be worth double the money you invested in them and that is something you can count on. With coin products, fads come and go. If the current appreciation for U.S. Mint Presidential Dollar Rolls goes away, they could end up being worth only $25 per roll.
I guess it all comes down to one question: Do you feel like gambling? :)
Whatever the case, just have fun and try to pick out what you think they might enjoy the most.
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