James K. Polk Dollar Roll Sales Figures
The US Mint's initial sales of the James K. Polk Dollar Rolls have very been strong. The first report since the rolls went on sale August 20, 2009 show levels already approaching the full production for the prior two Presidential Dollar roll releases for this year.
According to the latest stats published by Numismaster, the US Mint has sold 27,949 Philadelphia Mint rolls and 27,238 Denver rolls.
Earlier this year, the US Mint offered rolls for William Henry Harrison and John Tyler and sold only 30,000 rolls from each Mint. This may or may not be an indication of the number of Polk Rolls available, as the Mint has kept collectors guessing with sometimes different product runs for similar offerings. Products taken off sale have also had a tendency to make a reappearance after presumably selling out.
There is still no confirmation about whether the James K. Polk Dollars will be offered under the Direct Ship Program. Several months ago the US Mint had indicated that the Polk Dollars would be included in the program, which allows individuals to purchase $250 boxes of the dollar coins at face value. As of the writing of this post, the Polk Dollars have not been added to the available ordering options for Direct Ship Rolls and I have not received a response to my inquiries.
The US Mint's collector roll offerings have been an area of speculation this year, with some sold out rolls now selling for big premiums while others are selling for close to the original offering prices. So far, the 2009 Presidential Dollar Roll offerings have had split results, despite the identical production runs.
The William Henry Harrison Rolls (WH2 & WH4) have recently sold for prices ranging from $160 to $180 per roll on eBay. These rolls are seldom offered for sale. In fact, there appears to be only one WH2 currently listed that has been bid above $200.
The John Tyler Rolls (JK2 & JK4) have sold for a wider range of prices from a low of $27 to a high of $55, but with most around the $35 to $40 range. There are a much greater number available for sale on eBay. With this offering, I think that more people began to recognize the US Mint's roll offerings as collectibles. More were kept unopened in the original US Mint packaging and more were purchased for resale. This larger supply on the secondary market has kept prices in check.
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Labels: Coin Mintages, Presidential Dollars
posted by Mint News Blog @ 12:54 PM
17 Comments:
The Mint might sell more than 30,000 Polk rolls it seems. I find it hard to believe that they haven't reached 60,000 total rolls yet, seeing as how they had less than 5,000 to go this entire week.
Maybe they aren't calling it "Sold Out" just yet, and instead are waiting until all 60,000 rolls have been sold to good credit card numbers. That way they can avoid the entire scenario of bringing back a "Sold Out" product to re-sell the leftover quantity following cancellations or bad credit cards. I hope so, anyway!
Do we have any feel for the Polk mintage totals for each mint yet? thank you.
The Polk mintage figures should be available within the first few days of September. I will have a full post on the updated coin production figures once available.
I have noticed a marked improvement in the US Mint ordering & shipping times. Thanks to whoever is responsible. Now if they would only offer the W mint mark gold & silver Eagles & the gold Buffalo
My feeling is that the August mintages for the Polk will be scant. My reasons are: 1)Low July Presidential Dollar production (most especially at Phila.) 2)The mint is not offering any bags thus far. I am betting that they're doing this because of low Fed demand and typically summertime is normally not collecting season. My prediction is that Polk will ultimately be the most scarce Pres. Dollar to-date as there won't be near as many around to hoard. Just my two cents!
Jim L.
The mintage for the Presidential Dollars seems to decline with every new issue. We as Americans just don't embrace dollar coins. Collectors like them, but for commerce it just doesn't happen.
By the end of the program, the coins may very well end up being minted at the "life support" levels of the Kennedy halves. If someone in the early 1960's had been told that the day would come when Kennedy halves would only be minted in the amount of 1.7 million coins for each Mint per year, they would have told you that you were nuts! Halves circulated very heavily then, but they just don't anymore. They most likely never will again, either.
I take great pleasure in circulating the remains of some of the rolls fo Halves that I search. Several times I have recieved that puzzled look, followed by the "Aren't these worth something?" comments. I then look at the coins closely and reply "Yes, fifty cents".
The reason that the dollar coin never took off, is because we, as a nation, refuse to pull the "greenback". Look at Canada and the U.K. They both successfully introduced a 1 unit (dollar/pound) coin in the '80s, but the programs were only successful because they pulled the one unit paper notes. Our government typically likes to have its cake and eat it too. Beware of any type of health care plan they come with. It will closely resemble our coinage, and the governments response to Katrina (Hmmm, Katrinacare, has a nice ring to it)
Looks like they just crossed the 30k mark on these. Maybe...just maybe the Tylers will have a shot now. Why would they all of the sudden sell more of the Polks???
I thought the same thing about Tyler having a shot now, but I'm not holding my breath.
Maybe the Mint is taking a different approach with the Polk rolls. It occurred to me that they might still intend to cut them off at 30,000 rolls for each Mint like the previous two releases. However, this time, instead of declaring a sell-out only to bring the product back to re-sell rolls whose original orders did not pan out due to cancellations or bad credit cards, they are taking enough orders the first time around to make sure that all 60,000 rolls are really sold for good this time before declaring the sell-out. I think it could happen.
The 2008 Martin Van Buren 25-count "P" roll sold out today, after slipping into backorder status earlier this week. The last Numismaster statistics reported 40,437 rolls had been sold as of August 23rd. I wonder if the Mint will take it down to an even 40,000 for a final sales total? Also, the "D" Van Buren roll was lagging slightly behind at 38,942 rolls sold at 8/23. Keep an eye on them, they just might sell out in the next few days as well.
Looks like the Polks are going to sell more that 30,000 each! (P/D)
Not necessarily. In looking back at old Mint Statistics reports from Numismaster, I was reminded that the Mint had reported sales in excess of 36,000 for W.H. Harrison rolls, only later to adjust them down to an even 30,000. The same thing might happen here.
Why would anyone want to save rolls of W. H. Harrison or J. Tyler, or even M. Van Buren for that matter? None of these presidents were successful and Harrison was only President for one month. Van Buren was referred to as "Van Ruin" because he presided during the Panic of 1837. Tyler was a Confederate sympathizer and Congressman when he died. They're not as bad as G.W. Bush, but they sure aren't worth collecting.
70,000 combined mintage according to Numismaster, Polk rolls are officially dead.
We have just discovered a James K Polk Golden Dollar with "Missing Edge Lettering." It is now certified by PCGS MS-65 & on eBay in our tlc-varieties store. This is the ONLY 2009 Golden Dollar to surface with missing edge lettering. Check it out on eBay.
Awesome find! I added a link to your auction under Notable Auctions.
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