Lincoln Coin and Chronicles Availability Date and Ordering Limits
The United States Mint has provided more information about the upcoming 2009 Lincoln Coin and Chronicles Set. Way back in April, I had provided details about the offering, but the release date and ordering limits were not known until this week.
The Lincoln Coin and Chronicles Set is a five coin set with some unique items. Everything comes in a slip-covered, leather-like tri-fold case.
The following items are included in the set:
- 2009 Proof Lincoln Silver DollarThe maximum production for the set is 50,000 units. This is due to the inclusion of the 2009 Lincoln Silver Dollar. This commemorative coin has an overall production limit of 500,000 coins, but already sold 450,000 coins through individual offerings earlier this year. The individual coins had gone on sale February 12, 2009 and sold out after approximately six weeks. The proof version sold 325,000 coins and the uncirculated version sold 125,000.
- All Four 2009 Proof Lincoln Cents (95% copper)
- Reproduction of a photograph of Abraham Lincoln
- Reproduction of the Gettysburg Address in Lincoln's handwriting
- Certificate of Authenticity
The Lincoln Coin and Chronicles Set is priced at $55.95. The US Mint has placed an ordering limit of only one set per household. The product is scheduled to go on sale October 15, 2009 at 12:00 Noon ET.
Even though the Lincoln Coin and Chronicles does not contain any coins that have not been released already, it seems poised to be a winner. Most people (myself included) believe that this set will sell out on the first day of sales. This year in particular collectors have been willing to pay premiums for low production, specially packaged US Mint collectibles. The upcoming Lincoln Set certainly falls into this category, as it will have the lowest production run of all 2009 Lincoln products issued by the US Mint.
Additionally, the set is a relative bargain compared to the current prices of the individual coins. The 2009 Proof Lincoln Silver Dollar is currently selling for around $60-$70 on the secondary market (view current eBay auctions) and the four 2009 Proof Lincoln Cents sell separately at the US Mint for $7.95. At $55.95, the Coin and Chronicles Set is below the current value of the coins, without considering the extra items included.
I will likely have a follow up post on this product just before the release date. For now, you can also check out the US Mint's product page here.
Labels: Commemorative Coins
posted by Mint News Blog @ 7:30 AM
20 Comments:
I'm glad they dropped the limit to only one set per household instead of the original planned limit of five per household. If they had left it at five, there would have been a lot of disappointed collectors and a lot of happy scalpers on October 15th!
One is plenty for true collector
One per household = $200 resale as soon as it sells out.
Join us for the "US Coin Collectors' 'Call-In-Sick' Day" on October 15th!
I too am happy about the 'one-per-household' limit!
It's too bad that we do indeed have to "call in sick" each time a hot item goes on sale at the U.S. Mint. But the website is so undependable, we're FORCED to do that just to have a chance to buy the item! We can't expect to get any work done when having to deal with the hassle of the constant web lag going on!
Does anyone know if the set will be released simultaneously at the U.S. Mint kiosk (Union Station, Washington, D.C.) or Headquarters sales desk (Washington, D.C.)?
Just checked on my 2009 Uncirculated Mint sets and they are already backordered till October 16th. Wonder how long the wait will be to receive the chronicles set?? I wish someone could tell me that if the sets are already produced and packaged, why so long to ship??
vaughn.....
"Just checked on my 2009 Uncirculated Mint sets and they are already backordered till October 16th."
?????????
How did you do that? They won't be going on sale until noon today.
Vaughnster must have a subscription for X number of units of the Uncirculated Coin Sets each year.
I assumed the same thing (that Vaughnster is in the Subscription program for these sets) so maybe he is able to see his order now. I wonder if they will be backordered to 10/16 when they go on sale.
Michael, do you think this would be a good item to conduct a "shipping" or "delivery" timing poll?
I'm guessing "shipping" date would be a more useful metric. Possibly comparing timing of those on "Subscription" to those that order today (at various intervals), tomorrow, etc.
I think in the past we've seen evidence both ways regarding timing of shipment for "subscription" vs normal ordering. It would be nice to see if they've improved the subscription program and improved in shipping orders "in order received."
Yes I have a subscription for the sets. The order was actually "filled" 9/29......
Sets are available w/o BO
I just stopped by U.S. Mint Headquarters sales desk to ask about the Lincoln Coin and Chronicles availability. It will not be for sale there or at Union Station--online orders only. (BTW: There was a small but steady stream of customers picking up Uncirculated sets as of 12:15 PM).
Would someone like to tell me how pre sale auctions have already appeared on Ebay offering up to 10 or more chronicles to the public at prices ranging from $152 to $199 when there is a one limit per household and I thought there were even caps on dealers? Is anybody so stupid as to pay this price and expect a dealer to be able to make good delivery on that many? Am I missing something?
They undoubtedly plan to use as many friends and family members as they can find to make additional orders for them. As long as the friends/family members have their own credit cards with unique billing addresses to use, the trick will work.
Fortunately, the Mint considers additional orders that have the same credit card billing address to be duplicate orders, regardless of where the orders are being shipped. That policy makes it a little tougher for the scalpers, since they have to have the cash to pay their helpers up front, versus just charging the whole thing on their own credit cards to pay off from the scalp proceeds!
It is a little presumptuous of anybody, no matter what their plans are for getting them, to actually post that they are going to sell more than one of these items as well as know what the right price point is. I don't blame them for trying to make money of it. But a little more caution is duly warranted.
It would have been nice if the Lincoln Coin and Chronicles set would have included every varity of Lincoln penny produced. 4P and 4D Business strike, 4S proof and the 4P and 4D Unc Satin finish coins.
John,
For absolute completeness on the cent varieties in one place, you're right. But, having so many pennies in the same set would tend to be overkill. It's much more attractive with just one representative for each design, and the fact that they are all proofs like the silver dollar makes it much more attractive.
Besides, at present the only place to get the "satin finish" versions of the P and D cents is in the Uncirculated Sets. That prospect is a good thing when it comes to protecting the future value of those sets.
Your right. The Satin pennies will be a treasured part of the collection in the future. The fewer coins minted the more they will be worth.
In years to come it will be very hard to complete a penny collection without them
just got my set today. Obviously i. I suppose i got someone elses set and someone out there has my set with my return label,. but the inside return label has a diferent name and address to Castro Valley California.
I live in the deep South. Ha, ha. I will call hte mint, but doubt they will want me to return it and just wondering if anyone has had the same problem with having something dropped off, but the inside return sticker and number is for someone else, Thans.k
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