US Mint News Quick Updates
There are a number of US Mint related news items worthy of a quick mention:
Today at 12:00 Noon ET, sales of the American Samoa Quarter Bags and Rolls began at the United States Mint. Two-roll sets are priced at $32.95, 100-coin bags from either the Philadelphia or Denver Mint are priced at $32.95, and 1,000-coin bags from either Mint are priced at $309.95.
To coincide with the release, sales ended for the previous Guam Quarter Bags and Rolls. These products had initially went on sale May 26, 2009. The 1,000-coin bags were unavailable for approximately one month, but the other products were available continuously during the period.
The last reported sales statistics (as of July 19) indicate 37,106 two-roll sets sold, 12,777 100-coin Philadelphia bags, 12,071 100-coin Denver bags, 1,475 1,000-coin Philadelphia bags, and 1,399 Denver bags sold. With the exception of the 1,000-coin bags, these numbers are below the sales figures for the prior Puerto Rico Quarter bags and rolls.
As previously posted, the ordering limit for the 2009 Ultra High Relief Double Eagle Gold Coins increased today. After imposing a household ordering limit of one for nearly six months, the limit has now been raised to ten coins per household.
CoinWorld is reporting that the US Mint is striking more 2009 Jefferson Nickels, despite "officially" announcing the end of production three months prior. The Denver Mint has reportedly struck 7.4 million additional coins in June and July. This adds to the previously produced 39.36 million 2009-D Jefferson Nickels.
In a separate story, the US Mint has provided some new information regarding the status of the 2009 Gold Buffalo Coins. Before the latest news, let's back track through their previous statements.
Back in June, the US Mint indicated that only the proof version of the coin would be minted for 2009 and bullion coins would not be produced. A few weeks later, this statement was corrected when the US Mint indicated that the bullion coins were not canceled and would be produced as "required by law." This week, the US Mint is indicating that the proof version of the coin might not be minted for 2009 after all. With these latest statements, we are brought to the exact opposite of the US Mint's initial statements.
Late last year and early this year, there were constant issues about the US Mint's lack of communication and their failure to respond to questions about the status of products, shipping, and other issues. In the past few months, the US Mint has been communicating a whole lot more, but often reversing positions to the exact opposite of their previous statements. Unreliable communication is not an improvement from lack of communication.
Labels: US Mint
posted by Mint News Blog @ 2:46 PM
25 Comments:
We're making proofs, not bullion!
No, we're making bullion and proofs!
No, we're making bullion but not proofs!
Next week sometime...
We aren't making any!
The week after that...
No, we're making only the Unc. $5 fractional in reverse proof.
Sometime even later...
We give up, we're making poker chips.
ROFL! Poker chips! Maybe that will be the final design for the obverse of the 2010 penny.
What bothers me most about the Mint's communications is the lack of it in the most logical place - their own web site.
Very few of the Mint's statements and publicly released information make it to the web site. Unless it relates specifically to products they are trying to sell.
Instead, we are forced to rely on information passed along to the press. While I don't mind reading an occasional issue of Coin World, I don't subscribe, and would prefer the Mint share more of this information directly.
You make an excellent point Keith!
Why do I have to go to Numismatic News to get accurate mint stats for its products?!?!? Like you said, I should be able to go to its own website to get that information.
These territorial quarters reallys seem like a big flop on the secondary market. Regular bank rolls command a greater premium than the special usmint wrapped rolls which you can't hardly make your money back on. Didn't it seem that the low mintages would drive these up on the secondary and be quick sell outs at the mint? I thought Guam would for sure. You can bet that the following quarters will have even lower mintages, but are they worth buying from the mint at a premium??? I'm beginning to think face value and only face value on this series! What are your thoughts on this.
Subject: Subscription< active subscriptions unable to view and monitor. John R. Hoffman Estates, IL
do you have any information on the status of problem allowing customers to view their subscriptions: I have been unable to view my active subscriptions for over 8 weeks. The mint customer service agent have not information, even claim they have to idea what I am even talking about, they know of no problem..subscription that are active.
subscriptions, on june 24 i signed up for the lincoln penny rolls, june 27 for the uncirculated mint sets. on june 30 my account order history showed that both items was shipped june 30? i called the mint and a agent said that it was normal to appear on your account order page. i also asked why the subscription page was not working, she said she was aware of the problem, but didn`t know why.
I did purchase a lot of the Guam Qtrs ($500 worth) and now agree that I'll be lucky to breakeven.
The total Guam P&D count came in just barely under the Puerto Rico count for Mint collectibles (almost spot on for the D's).
I'm not sure how much of a factor this is, maybe not significant, but the population of Puerto Rico is approximately 4 million while Guam is like 178 thousand. American Somoa is 67k, USVI is 110k, and Northern Mariana is 87k. Not a lot of demand from the citizens in those locations I imagine (though I'm sure more from PR than the rest).
I don't know what I keep thinking with purchasing these uncirculated clad coins at 123% to 132% of current face (or presidential dollars) thinking they could be an investment (my guess is most will just loose big in terms of purchasing power, even over the next 10 yrs).
I recently opened one of the bags of 2009 half dollars to transfer to containers and lots were scratched and some had some sort of black gunk on them (that surely transferred to many of the coins). I have 1964 half dollars found in junk silver bags in better shape than some of those coins. I guess I'm expecting too much from the USM.
Wish I'd opened it before I purchased all the Guam qtrs. I would have kept the purchase under $100. Not sure I'll be purchasing the American Somoa, USVI or Northern Mariana (maybe I'll see if I can get a roll at the bank). Maybe I'll just buy more silver.
Wayne z. from Santa Rosa cal. please 0bama! fire everyone who runs the U.S.MINT and hire some local business owners to run the mint! Now this is good change! thanks wayne
Ironically we are allowed to use poker chips as an unternative to the us dollar in casinos, but don't dare try to use gold or silver.
http://www.321gold.com/editorials/sanders/sanders072809.html
This site has an article that explains the different battle against trying to establish a real currency. I thought some of you would enjoy it as well.
That article from 321gold.com is one of the best I've seen. Very easy to read and I recommend we send to everyone who may read it. What an eye opener!
The '09 Lincoln silver dollar with Lincoln pennys set seems to have disappeared into oblivion also.
The Lincoln "Coin & Chronicles" set should be released at some point, seeing as how the Mint will want to sell those remaining 50,000 proof silver dollars. The only way the set might not happen is if the Mint changes it's mind about not releasing an American Legacy Collection this year.
If there IS an American Legacy Collection, all 50,000 units will sell this time, due to the Lincoln Commemorative. That would serve to make the low mintage years of 2007 and 2008 more valuable for that reason I would think.
Regarding the Lincoln coin and chronicles set: the assumption would be that the mint still has the 50,000 Lincoln proofs. With the gov't accounting practices I have seen so far are we sure they still have them?
The mint can't even deliver small change in a timely fashion.. So forget about the Buffalos. I can't wait to see them roll out the new 'efficient' national health plan. Will mint administrators also be in charge of that?
"Fall United States Mint Lincoln Coin and Chronicles Set", is now showing up on the mints web page under Product Schedule.
Lincoln Coin and Chronicles Set!!!
You know you're a numismatic geek when seeing that announcement makes you gitty and anxious! :-)
Who thinks that it'll be sold out in two weeks time? Less than two weeks?
Two weeks? Try the FIRST DAY! Plus, that will happen despite the limit of one set per household that will most certainly be in place!
Another interesting observation is that the Mint will issue 4-coin pf penny set in September. The issue price should be in the $7.95-9.95 range I guess. This will impect the ebay selling price for the penny set taken from the pf set. Will go down down down.
Whats the latest update on the 2008sales figures for Presidential $1 Coin and First Spouse Medal Set?Where would i find out this information at??
8/26/2009 2009 Lincoln Bicentennial One Cent Proof Set
After hundreds of thousands of regular proof sets have been broken up to get just the pennies from them since june... the mint spontaneously decides to issue them seperately?!?!?! This is a huge mess up on their part. They should have announced this well in advance...
Now you have to wonder...Will they put out an uncirculated satin finish 8 coin bicentennial cent set? I'd probably still buy the Uncirc sets, for the dimes and nickels, but I'd definately not buy as many if they end up offering just the pennies on the side. Anyway...something to think about.
Seems like the mint is paying too much attention to eBay in trying to stifle the secondary coin market instead of putting out their products on time or at all. Releasing the Lincoln proof set is ridiculous with never a mention before.
Good point about the possibility of an uncirculated satin finish 8 coin bicentennial cent set. If they can get by their unc. penny tarnish problems at all it wouldn't be a really big deal to bang out a separate full set of 2009 Lincoln pennies. However with the Chronicles set coming out in the fall when/why bother with a strictly pennies set. I know, to pi** us off!
I'm getting too confused.......help!
The Mint now is going to issue a 4 penny proof set in September? Is this different from the 4 proof pennies in the clad set they have been selling, or is it the same set using the same plastic holder and 4 coin combination, but now to be sold as a stand alone without the other proof coins???? Also, are the pennies sold in clad sets different than the cents sold in the Silver proof sets???
How many pennies accross all 4 subjects have been or will be minted in 2009?
Regular 4 coin circulation issues at 2 mints=8 coins. Clad (s) proofs in clad sets=4 coins. Satin/Unc. to be issued later this year of 4 coins at P&D=8 coins. That's 20 different coins: regular zinc's, proof coppers, and satin unc's in copper. Am I correct or are there more to come...if so what are they please.
If it's 20 coins, that's a whole large one year "set" that's collectable. If it will be more than 20, Wow!- Grandpa
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