American Samoa Quarter First Day Cover
Yesterday, the US Mint released the 2009 American Samoa First Day Coin Cover. This represents the fourth release for the 2009 District of Columbia and U.S. Territories Quarters.
Each cover includes one American Samoa Quarter from Philadelphia and one from Denver that were produced on the first day of mintage. These two coins are mounted on a nicely designed display card with a 44 cent Flag stamp. The postmark is July 27, 2009 Pago Pago, AS, the day the coins were released to the public.
The maximum production for the American Samoa Covers is 20,000 units. This is actually lower than the prior releases for District of Columbia, Puerto Rico, and Guam, which all had a maximum of 25,000 units. To date, these releases have sold 14,454, 10,468, and 5,998 units, respectively.
The covers are priced at $14.95 each and can be found on the US Mint's website here.
Labels: Coin Covers, DC US Territories Quarters
posted by Mint News Blog @ 8:03 AM
10 Comments:
I was crusing the mint web pages and they already have subscriptions readied for the National Park "America the Beautiful" Quarters. Things are moving along. There should be some rarities to be had here...
There could be some winners in the new quarters series. And ironically, I think that's because a lot of collectors, and the general public as well, are burnt out on the whole trend of new quarter designs every year... for what will be a total of 22 years.
Also, I just don't think this National Park theme will be enough to inspire people to collect and put in Whitman books and the like. So, in general, there will be less hoarding of these new quarters. Mintages may start going back up, but they won't rise in any rapid way. So historically, the mintages should be low as well.
Does any company out there make albums for first day coin covers. I'm assuming nobody does since its a very niche collectable item. However, I would like to put them in some well-put together binder with the ability to flip through each cover and in doing so, see both sides.
Should have thought of this before, but stamp hobby sites sell albums that hold normal stamp-related first day covers. I'm assuming they should be able to hold the Mint's first day COIN covers as well. I may try one out.
The U.S. Territories Quarters First Day Coin Covers are very pretty. Unfortunately though, I have this hangup about not de-valuing my covers by 60-75% by opening the white envelopes they come from the Mint in. So, all I ever get to see is the picture on the website. Sigh.
The Mint usually doesn't alter the mintage number for coin covers mid-year like they did here with the American Samoa cover. I wonder if the mintage for the Virgin Islands and Northern Mariana Islands covers will shrink as well? If the Mint follows the trend of taking prior-year products off sale on June 30th of the following year, the last two covers will have much shorter sales periods than the earlier ones.
First-Day Coin Covers sometimes see nice premiums following the end of sales by the Mint. Keep your eye on this one-year only program (and a logical extension of the 50 State Quarters Series), as it could see some SERIOUS appreciation by next summer. It appears that each cover will end up having no more than 20,000 copies issued, with the way the limit is shrinking and earlier covers are selling slowly. The final two may have limits of 15,000 (or less).
I tend to agree with you.
That's why I've bought more than one of each cover this year. One to open up and actually collect, and the others unopened as investments.
However, low mintages don't mean much if no one actually likes the products to begin with. Wasn't there a good low mintage SBA year? Last time I checked, I didn't think I've seen it go up much in value. But its been awhile since I checked, and I can't remember the year or mint.
Yeah, I know low mintages don't mean much if the demand isn't there. In the case of these covers though, I'm pretty sure people will wake up after they're gone from the Mint. Look at the 2007 Wyoming and Utah covers: Low demand and slow sales from the Mint through December 2008, but they can now fetch $150+ each on the secondary market! I once had 25 extras of each cover, but sold them all WAY before the true appreciation hit. Typical for me! :( Even most of the 2008 quarter covers that went off-sale last June 30th are going for 2-3X issue price now. Remember also, there were far more of both the 2007 and 2008 quarter covers issued than there will be of the 2009 Territories series!
In the case of the Territories covers, they look FAR nicer than the 50 State Quarters covers, and they are a perfectly logical extension of the 50 State series. People will want these to complement the earlier series when assembling a truly complete set, but there sure aren't going to be very many 2009's to go around!
Even if they don't see the type of appreciation that some of the 2007's and 2008's have seen, they still won't LOSE you money. Buy them now, and in about a year from now you should see a nice return on that investment!
Good points.
I'll definitely buy a few more of each. All in all, they are relatively inexpensive. And you are very correct that, at a minimum, you won't LOSE the money you paid for them.
The US mint website states that there will be a coin exchange for the 2009 Lincoln cent on the week of Sept. 13,2009. The exchange will take place from 10 am to 3 pm. at the Rayburn house in Washington,DC. I contacted the US mint and they told me to contact the Rayburn Building. I contacted the Rayburn Building and they told me to contact the US mint.
Can someone save me the run around and give me some info on this event. Thanks
Regarding the 2009 Lincoln Cent exchange at the Rayburn House, Les, who wrote an article about one of the exchanges on Coin Update found out the following:
"I just received a return call from Brendan Adams at the Mint: the schedule for the cent roll exchange is on hold, as they wait for the House Financial Services committee to give the go-ahead."
Refers to the comments thread of this page:
Coin Update News
Post a Comment
Subscribe to Post Comments [Atom]
<< Home