Guam Quarter First Day Coin Cover
The US Mint will release the Guam Quarter First Day Coin Cover on July 28, 2009 at 12:00 Noon ET. This will be the third First Day Coin Cover released for the 2009 DC & US Territories Quarters Program.
Each cover will include two Guam Quarters from the first day of mintage, one from the Philadelphia Mint and one from the Denver Mint. The two coins are mounted on a custom designed display card with a 44 cent Flag stamp. The covers will be post marked May 26, 2009, Hagatna, GU.
The Guam Quarter First Day Covers are limited to a maximum production of 25,000 units and will be priced at $14.95 each. The product page is already available on the US Mint's website here.
The two previously released 2009 Quarter First Day Covers remain on sale. To date, the District of Columbia Quarter Cover has sold 13,037 units and the Puerto Rico Quarter Cover has sold 8,571 units.
Labels: Coin Covers, DC US Territories Quarters
posted by Mint News Blog @ 7:37 AM
4 Comments:
While the Mint has canceled a lot of other "collectible" products, they haven't canceled the first day coin covers... and yet, it doesn't look they are selling well. I, personally, like them a lot... but why do you think the Mint keeps making them when they don't seem to be faring much better than the spoons, the die sets, or the Signature Series?
Probably because it costs them a buck to make, and they can sell them for 15. Even if they only sell 5000, that is around $70,000 profit per set which comes out to around a half a million dollars for the year. I would do it if I could.
I still think these covers will be secondary market winners down the road. Even if the Mint sells out all 25,000 units for each cover, that still is a pretty small number. As it appears now, they might NOT sell out of all of them. The ones that will be released later on this year will not have as much time to be slowly chipped away at, as the District of Columbia and Puerto Rico covers have been thus far. The reason being is that the Mint will likely pull any remaining covers off-sale on June 30, 2010, giving the later covers increasingly shorter sales periods.
Some of the 2007 State Quarter covers fetch $50+, even for opened specimens. There were more of those sold than there will be the District of Columbia & U.S. Territories series.
Since this is a one-year only program consisting of 6 designs (and pretty attractive ones at that), I am buying 26 complete sets of them. In another year or so, I should be able to sell the 25 extra sets for at least double issue price, giving me some extra dough to re-invest in other U.S. Mint products. After all, I made a KILLING on 2007 State Quarter covers. It seems there weren't very many people with as much faith in those as I had. It certainly paid off for me!
Man, check out the prices on eBay that the Wyoming and Utah 2007 State Quarter Covers are fetching now! I wish I had not sold all of mine for 2X to 3X issue price now!
Post a Comment
Subscribe to Post Comments [Atom]
<< Home