Mint News Blog

News, Information, and Commentary on US Mint Products

Thursday, December 31, 2009

Mint News Blog 2010 Survey


As a way to wrap up this year and lead into 2010, I have put together the Mint News Blog 2010 Survey. This survey includes questions about United States Mint numismatic products for 2009 and the upcoming year, as well as questions of general interest to coin collectors. The idea for the survey comes from a Mint News Blog reader. (Thanks John)

Most of the questions are multiple choice, but there are several optional questions which allow for lengthier written responses. The collective results for the multiple choice questions will be published in one or more future Mint News Blog posts. Excerpts from some of the written responses may also be published.

The sections of the survey include 2009 US Mint Products, 2010 US Mint Products, 2010 Predictions, and some optional questions about Mint News Blog. The survey will remain open until January 8, 2010.

You can access the survey here.

As the last post of 2009, I also wanted to wish everyone Happy New Year!

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62 Comments:

At December 31, 2009 at 10:35 AM , Anonymous vaughnster said...

Michael--

Can't imagine what I'd do without your blog, being a "born again" collector after a long hiatus. I check your site several times a day and feel like Christmas morning when I see new posts. Thanks for all you do for us in Numismatics!! Happy New Year!!

 
At December 31, 2009 at 10:52 AM , Anonymous Anonymous said...

Good comments Vaughnster. Yes, it's like Christmas when there's new news.

Happy New Year Michael and posters.

 
At December 31, 2009 at 11:47 AM , Anonymous Anonymous said...

I am so glad that in just another 10 minutes the Ultra High Mintage will finally be put out of its misery and taken off sale. I'm glad I didn't buy one.

 
At December 31, 2009 at 11:56 AM , Anonymous Anonymous said...

Happy New Year to you all! (Republicans, Democrats, and Independents)

 
At December 31, 2009 at 12:46 PM , Blogger Lasloo said...

There is truly no other U.S. numismatic blog as good as this one. Keep it up Michael!

Happy New Year to all!

 
At December 31, 2009 at 1:45 PM , Anonymous Anonymous said...

HAPPY NEW YEAR TO ONE AND ALL!

 
At December 31, 2009 at 3:19 PM , Anonymous vaughnster said...

I'm glad I bought 2 UHR's when they were at $1239 and still have them both sealed in their mailing boxes. Leaves me with a lot of options. My regret is that the mint did away with the household limit.

 
At December 31, 2009 at 4:21 PM , Anonymous Yosemite Sam said...

@vaughnster: ditto.

 
At December 31, 2009 at 7:19 PM , Blogger David said...

This comment has been removed by the author.

 
At December 31, 2009 at 7:21 PM , Blogger David said...

So as of the last day in 2009, what EAGLE coins are left? I come up with the following:

Silver - bullion - 1 oz.
Silver - unc - 1 oz.
Silver - proof - 1 oz.
Gold - bullion - 1 oz. to 1/10 oz.
Gold - proof - 1 oz. to 1/10 oz.
Platinum - proof - 1 oz.

Is this accurate?

 
At December 31, 2009 at 8:15 PM , Anonymous Anonymous said...

David-
What is your definition of 'left'? Sounds more like 'gone' to me....

 
At January 1, 2010 at 8:41 AM , Anonymous Anonymous said...

I can only hope that in 2010 the US Mint finally recognizes the collectors instead of allowing the bullion buyers to ruin the ASEs all over again.

Just to make a prediction.I believe the US Mint has made the first huge mistake of 2010 by only producing the 5 oz Silver parks coin to bullion version and to bullion buyers only.I think there will be many bullion buyers hurting on the loss of this coin and there will be very low sales figures as a result of the smarter bullion buyers not buying this horrendous mistake of a coin.

Not producing this coin which is clearly a collector coin in proof version will be a huge mistake as well.So already out of the gates.The US Mint is proving that they could care less what the collectors think.And this will prove to be a very large mistake by Mr Moy and company.

I can't see how they even had the nerve to announce such a coin as this after saying they didn't have enough bullion blanks in 2009 to produce the 2009 ASE Proofs and Burnished coins.I think their gamble on this 5 oz piece of junk will be the biggest blunder of 2010.Maybe when the bullion buyers lose their butts buying this junk.All of them will sit down and wonder why they even came up with this huge mistake.

Thank you for the great job you did in 2009 Michael.I look forward to seeing how this year plays out in the US Mints continued disregard towards the collectors who continue to give the US Mint the better part of profits per coin.Will it be another year for only the Grading companies and Bullion buyers? Or will the collectors finally get the recognition they deserve.Only time will tell.

 
At January 1, 2010 at 8:53 AM , Anonymous Anonymous said...

Michael,

Can you please let everyone know as soon as you know.What will be the price of the 5 oz parks coin to the bullion buyers.This way the collectors who buy them will know what to expect to pay for this coin.

 
At January 1, 2010 at 8:56 AM , Anonymous Anonymous said...

In 2010 I believe that it will be interesting to watch the January final production numbers for circulating coins. First off, when will they actually make circulating pennies, nickles and dimes, and when they do what will be the final 2010 mintages of same?

Jim L.

 
At January 1, 2010 at 8:58 AM , Anonymous Anonymous said...

I am interested to know how many bullion buyers who come to this blog will be buying the 5 oz Silver Parks coin? And how many bullion buyers will not buy them? Reasons and expected amounts to buy would be very interesting to know.Thoughts from bullion buyers please?

 
At January 1, 2010 at 9:09 AM , Anonymous jeff said...

I agree with vaughnster, particularly with regard to the elimination of the "one to a household" limit on the UHR´s. It was unexpected and took the value right out of my coin, which I purchased the first day of availability. I´ll need to be more wary of the mint in the future.

 
At January 1, 2010 at 9:58 AM , Blogger David said...

Well let me rephrase my last comment to:

So as of the last day in 2009, what EAGLE'S has the USM not officially discontinued? I come up with the following:

Silver - bullion - 1 oz.
Silver - unc - 1 oz.
Silver - proof - 1 oz.
Gold - bullion - 1 oz. to 1/10 oz.
Gold - unc. 1 oz.
Gold - proof - 1 oz. to 1/10 oz.
Platinum - proof - 1 oz.

Is this accurate?

 
At January 1, 2010 at 10:55 AM , Anonymous Brad said...

I don't think the elimination of the household ordering limit on the Ultra High Relief and the higher mintage that resulted from it will hurt the value of the coin much, if at all. The ordering limit was only in place to ensure everyone interested had a chance to buy one, NOT to try to keep mintages low. The Mint was just trying to balance possible 24K gold blank supply issues with customer demand.

The removal of the ordering limit was probably not a surprise to most people, as the declining sales numbers for several months after the initial frenzy made it clear to the Mint that those interested had had ample time and opportunity to buy the coin. Hence, they decided to let those who wanted to buy multiple coins have the chance to buy them.

Besides, multiple coins were already being sold to the same "household" already, since some dealers were paying bounties to anyone who would buy the coins for them so they could get around the limit. True, it wasn't the same "household" in the Mint's eyes, but that is just a mere technicality.

While a mintage of around 115,000 coins might sound high, since this is a one-year-only "type" coin with high demand and appeal, it should always command a significant premium over spot gold. Of course, the operative word there is "should." No one knows what the spot price of gold will do, or when coin collectors are going to change direction in what interests them. Today's "dogs" might be tomorrow's "treasures", or vice-versa. That's why it's more important to buy what really interests you and is within your budget. Don't spend all your time chasing fads and stretching yourself too thin in trying to keep up with the "next big thing." If you just buy what YOU really want, you should have no regrets.

 
At January 1, 2010 at 11:09 AM , Blogger Lasloo said...

"That's why it's more important to buy what really interests you and is within your budget."

Brad that couldn't have been said any better. Sage advice.

With numismatics, its better if the initial reasons you get a coin is based on your interest in the coin itself (or the story behind the coins), and your budget. Its not to say that investment purposes shouldn't also be a concern. But just like the stock market, I think you'll find yourself burned more often than not IF investment reasons come before personal numismatic reasons. For instance, I LOVE the first day coin covers. Its not a great investment, though. However, I do have the Utah quarter FDCC which I think is selling in some spots for close to $80. So, its a mix and match. I dont regret the purchases, because I like the product regardless. Put them in a nice first day coin cover album and I just love flipping through it and reading through each cover.

I also liked the theme behind the 2009-2014 platinum eagles (preamble to the Constitution). So, I bought two. Its the only truly big-ticket item I've bought in 2009... i.e. budgetary reasons. In any case, I bought one to sell eventually. The other is to keep (maybe sell way down the line if I need to). So, investment reasons came into that decision. But again, it was the interest in the coin itself that came first.

 
At January 1, 2010 at 11:12 AM , Blogger Lasloo said...

As to the silver bullions being created for the new "American the Beautiful" quarter series, is the Mint at all limited to NOT creating proof versions because the law that authorized these new coins only mentioned silver bullions?

I'm just wondering how much flexibility the Mint has in creating proof or uncirculated collectible versions of these coins?

I would like to see first day coin covers for this series though.

 
At January 1, 2010 at 6:22 PM , Anonymous Anonymous said...

Michael,
YOU ARE THE MAN, and Happy New Year. Your site is plus, plus, for all who use it. Please keep on keeping on.

By the way it is odd don't you all think that the "2008 United States Mint Annual Uncirculated Dollar Coin Set " is still available. I bought one back in August and was very pleased with it.

 
At January 1, 2010 at 6:46 PM , Anonymous Anonymous said...

I too collect the Mint's Official First Day Coin Covers, and would also like to see the America The Beautiful Quarter series featured on them.

The Mint produced a fine series of covers for the U.S. Territories Quarters, with nice pictures of the coin's subject on each. That same style could be continued with the next series. Covers featuring pictures of Yellowstone, The Grand Canyon, Mount Hood, etc. would look very nice. It would be a shame to end them now!

 
At January 1, 2010 at 8:49 PM , Anonymous Anonymous said...

I'll get several of each of the 5 oz. parks coins as long as the premium isn't ridiculous

 
At January 1, 2010 at 9:04 PM , Anonymous Anonymous said...

Maybe we'll get lucky and the premium for the 5 ounce coins will only be about 5X that of the 1 ounce Eagles. That might make the premium about $10-$12 over the silver value per coin. That wouldn't be too bad.

 
At January 1, 2010 at 11:06 PM , Blogger coinman said...

I was just wondering about the 2009 nickel if any were turning up at the local banks yet? Has anyone got any info what the 2009 D is going for and has everyone just put them on the back burner or even forgot about them. I recently came across a case at face value and was wondering if I should keep them or sell most so I can invest in the 2010 coins coming out.

 
At January 1, 2010 at 11:12 PM , Blogger Lasloo said...

coinman,
if you have rolls of 2009 D nickels, you have a literal gold mine. I have yet found a REAL business strike 2009 D nickel (or dime) on Ebay. There is a lot of satin finish 2009 D nickels and dimes, but not business-strike coins or rolls. The 2009 P rolls of both do seem to pop up here and there, and they do go for a premium. As much as $50.

Obviously, the 2009 D nickels and dimes are going to be the sought after coins in years to come. Its going to be one of the holes in people's Whitman or Dansco albums that won't get filled that quickly.

 
At January 1, 2010 at 11:18 PM , Blogger coinman said...

Well i guess i luckrd into them by chance caue they are still in the box from the fed i havet opened them yet but i do want to keep 10 rolls and maybe sell the rest for my 2010 coin budget. Also i have come across rolls of 2007 P-D Half dollars Satin finish rolls. I think I might just have a lucky year

 
At January 2, 2010 at 3:08 AM , Anonymous vaughnster said...

If you break open a roll or two of 2009 D Nickels I know you'll get at least $5-$10 each!! I'm envious! Sell a few rolls as singles, a few whole rolls and hang onto some for the future. At the current rate, those should be "gold."

 
At January 2, 2010 at 7:49 AM , Anonymous Anonymous said...

Whoa! Where in the WORLD did you find a box of 2009-D Nickels? I've been asking my banks all YEAR and have not found a single COIN, let alone an entire BOX! Holy smokes!

 
At January 2, 2010 at 7:53 AM , Anonymous Anonymous said...

Does anyone here think the 2009 Uncirculated Coin Set that is still sealed in the brown box will be worth a premium in the future simply because so many sets are being cut up for singles? I've seen dealing taking scissors to many sets and selling the pennies, nickels, dimes and quarters as singles or sets. The number of broken up sets is numerous by looking at eBay auctions for singles. I guess we'll never know how many sets are left intact when it's all said and done.

 
At January 2, 2010 at 7:56 AM , Anonymous Anonymous said...

Oops, that's DEALERS above, not DEALING! Got to typing too fast, I guess! :)

 
At January 2, 2010 at 8:21 AM , Blogger Lasloo said...

Normally, in my experience, Uncirculated Mint Sets don't rise in value quickly. However, I've always thought this one might be worth more than others because of the copper P & D pennies. And of course, many of the sets will and have been be cut up... however, I originally thought that was going to happen because of the full copper P & D pennies in the set. However, I've also seen them cut up to get to the nickels and dimes and at times, being sold as if they were business-strike. For people disparate to fill in their nickel and dime slots, and the lack of normal nickels and dimes in circulation... some buyers may be getting fooled into buying satin finish versions, not true-blue business strikes. Not sure who cares about the distinction, but I know I do.

None the less, with the combination of these sets being cut for various reasons, that you can only get copper P & D pennies from these sets, and that the mintage is relatively low (currently below last years), I do think this will be a winner soon after it sells out.

 
At January 2, 2010 at 10:13 AM , Anonymous Anonymous said...

I don't know if this question was on the survey but the big winner last year was the 08 Buffalos hands down and with gold prices coming down a bit, have not seen a drop in the buffalos but actually a small increase. Going forward I still think these will be the winners and the 08 GAE. Any thoughts untl survey results come out.

 
At January 2, 2010 at 2:47 PM , Anonymous Anonymous said...

Man, check it out! There's a dude trying to sell just the empty box for a 2008 1 oz. Uncirculated buffalo for $630!

http://cgi.ebay.com/2008-W-50-Gold-Buffalo-2008-W-50-UNC-Gold-Buffalo-BOX_W0QQitemZ160391482909QQcmdZViewItemQQptZCoins_Bullion?hash=item255813ce1d

 
At January 2, 2010 at 2:51 PM , Blogger coinman said...

Reguarding the 2009 D nickle box that I have come across, If i sell them one coin at a time would it be worth getting them graded through NGC so they would bring more or would it cost too much.

 
At January 2, 2010 at 3:02 PM , Anonymous Anonymous said...

I have a feeling that most of the coins would come in at 65 or less. You may end up paying more for the grading than most of the coins are worth. If you have a loupe or microscope it may be worth picking out the gems and having just them graded. You can then keep these since the 67-68s would be worth a LOT of money. As for the rest you could purchase perfect fit airtite capsules in bulk and just offer each coin in a protective airtite. These are about $1 a piece.

 
At January 2, 2010 at 3:30 PM , Blogger Lasloo said...

As the previous commenter noted, if you want to get them graded, DON'T send the whole roll. Pick through the ones that really look REALLY good and send those. The rest you can just put in 2x2s and still get a good $5 to $10 for each. Maybe more. In general, my rule of thumb is that you don't want to slab a coin unless you think you it is worth $20 or more for it. And unless they are MS66 or above, you will probably just get non-slabbed prices.

I like Airtites a lot and use them for a lot of my own coins, but for shipment, 2x2s or flips are even cheaper and I usually use one or the other for shipping items.

 
At January 2, 2010 at 3:33 PM , Blogger Lasloo said...

Per the empty uncirculated buffalo box, what do you think the buyer of said box would want to do with it?
Unless the buyer somehow lost or severely damaged a box he already has (and has the coin), I can only imagine nefarious reasons for buying the Mint buffalo box WITH NO coin. And its only for the latter that I could see anyone willing to pay more than $20 bucks.

 
At January 2, 2010 at 4:40 PM , Blogger David said...

So does anyone have an opinion about this??

As of the last day in 2009, this is what's left of the U.S Eagle program:

Silver - bullion - 1 oz.
Silver - unc - 1 oz.
Silver - proof - 1 oz.
Gold - bullion - 1 oz. to 1/10 oz.
Gold - proof - 1 oz. to 1/10 oz.
Platinum - proof - 1 oz.

Is this correct??

 
At January 2, 2010 at 4:56 PM , Anonymous Anonymous said...

Your blog keeps getting better and better! Your older articles are not as good as newer ones you have a lot more creativity and originality now keep it up!

 
At January 2, 2010 at 5:09 PM , Anonymous Anonymous said...

Michael,
Thanks for providing the best source of information on the mint and all its products. Now if you could just get the mint director to read your blog & listen to his consumers, we'd really appreciate that too. Happy hunting & best wishes for 2010.

 
At January 2, 2010 at 5:16 PM , Anonymous Anonymous said...

David -

Scan through the 2009 articles on this wonderful website and you will note that the Eagle bullion coins and possibly the proof plat are the only ones worth holding one's breath for in 2010. Eagle Proofs, Unc's and their fractional collections all have a massively huge gap for 2009. The upcoming year is pure speculation IMHO, unless you have an inside scoop to share with us??

 
At January 2, 2010 at 5:39 PM , Anonymous Anonymous said...

Sorry to be so ignorant, but can someone explain what the difference between the 09D nickels and dimes in my mint set v. "Business strike versions"? My low mintage W dimes don't have a large premium.....Seems like there is a suggestion that bus. strike versions are more valuable than my mint set ones? Can someone please explain? Thanks!

 
At January 2, 2010 at 5:59 PM , Anonymous Anonymous said...

It's simply a question of rarity:

The mint sets contain special satin finish coins which are struck independently with Cr plated dies and regularly produce higher grade coins.

The normal business strikes utilize standard dies and standard planchets and are struck in very large numbers till the dies wear, so the high grade coins are significantly rarer.

 
At January 2, 2010 at 6:14 PM , Anonymous Anonymous said...

The observations about the scarcity of the 2009-D vs. 2009-P Jefferson Nickels is made even weirder by the fact that Denver made 17.5% more nickels than did Philly according to the US Mint website.
Michael did mention in a June 5 article ("The First 2009 Jefferson Nickel") that "they (The US Mint) subsequently announced the possibility of creating a strategic coin reserve, which might entail producing and stockpiling nickels and dimes." I wonder if there has been any further info along those lines.

Jim L.

 
At January 2, 2010 at 6:23 PM , Anonymous Anonymous said...

Maybe that's where the 2009 D Nickels and Dimes are hiding: In some sort of "strategic coin reserve!"

 
At January 2, 2010 at 6:40 PM , Blogger Lasloo said...

David,

For what its worth, the Mint seems to suggest that they 'intend' to make proof and uncirculated silver and gold eagles. However, there was also 'intent' to do the same in 2009. So, in other words, its something they 'want' to do, but the supply and demand on gold and silver and bullion will mitigate what really happens. I think you can be sure that the bullion versions of each will be created.

For now, I'd forget anything fractional from happening.

As to platinum, I'm not an expert, but I think they make bullion versions as well as the proof.

 
At January 2, 2010 at 6:45 PM , Blogger Lasloo said...

Ever since the 2005, all the coins in the Uncirculated Mint Set have been produced with special dies and polished with a satin finish which makes them somewhere between proof and non-proof. So, the term 'uncirculated' is a BIG misnomer and the Mint should really seriously think about the changing the name of that Mint Set. I like the 'satin finish' and I like the set, but they aren't the same. And as said previously, a MS68 business-strike coin is VERY VERY VERY rare... however, a MS68 satin finish coin is very common. They are essentially slabbed in the packaging the Mint makes... thus making them less prone to marks and wear.

 
At January 2, 2010 at 7:02 PM , Anonymous Anonymous said...

I would like the Satin Finish a whole lot better on the silver coins if they could find some way to make the surface area of the blanks completely uniform so that we don't see the speckle show-through to the base metal. If not then return to the plain silver blanks.

Jim L.

 
At January 2, 2010 at 7:34 PM , Anonymous vaughnster said...

Coinman, please let your fellow brothers and sisters know when you intend to sell some of your prized 2009-D nickels. I think we'd be very interested in helping out a fellow blogger!!

 
At January 3, 2010 at 1:09 PM , Anonymous Anonymous said...

Now that the Ultra High Mintage has officially sold out, the secondary market prices are really taking off here lately - one auction just ended at $1480 (including shipping), which is less than issue price!

 
At January 3, 2010 at 1:34 PM , Anonymous Anonymous said...

Rediculous to comment on UHR resales days after off Mint catelog. There have been zero days of gold open market since Thurs. PM!

 
At January 3, 2010 at 1:35 PM , Blogger Lasloo said...

Well, $1480 might be a deal for those that bought it slightly over $1000. But, yes, the moment that the floodgates were let loose on the coin and mintages were an on-demand type of thing... thats when it started losing a lot of its value.

It will always be at least the price of gold plus a premium... but for a while now, I'm thinking it might not make much more.

Take the platinum eagle, though... that sold for about $1750. Its going for around $2200 less than a month after it sold out its 8000 mintage. Give it a year, and you may be seeing $3000 or more.

 
At January 3, 2010 at 2:10 PM , Anonymous vaughnster said...

I remember that the UHR's were selling for around $1500 when gold was cheaper and there was a one per household limit. I suspect in several months they should rise slightly more, if not for the fact that they were a one year, one time issue....

 
At January 3, 2010 at 2:35 PM , Anonymous Anonymous said...

Ultimately a beautiful coin with a one year production will do better than an ugly pc platinum coin (even with a low mintage). Don't be surprised if the UHR and maybe even gold liberties will sell for more than the proof plat after platinum falls below gold like its done in the past.

 
At January 4, 2010 at 6:20 AM , Anonymous Anonymous said...

Looks like all the profit taking in 09 is done. Gold now over 1120! This is the real deal so get your buffs now before gold hits 1500! Don't be surprised if aftermarket UHRs go for $2000 soon.

 
At January 4, 2010 at 7:23 AM , Anonymous Anonymous said...

Total mintage below 120,000 will be very low for the Ultra High Relief if in fact they never make it again. It's too bad the coin (I own one purchased for $1189 in Jan) doesn't look as nice as the St. G. Double Eagles because it's so small, but the MS-70ish look is awesome. I think it will be a great investment, but if it is not, I still love the "classic" look of the coin that seems like the mint doesn't like to produce anymore. Regardless of the opinion about the PC obverse of the Plat Proof with no white males on the front, the tiny "privy" eagle is what I object to most. I'll take the beautiful large eagle on the reverse of the UHR anyday!

 
At January 4, 2010 at 8:21 AM , Anonymous Anonymous said...

Yeah, that's one of the reasons I bought the UHR in the first place: The fact that it used the original Double Eagle reverse which we will likely never see used again. Plus, I bought my two when they were in the $1,289 tier. Not as good as issue price, but a heck of a lot better than what they ended up at later!

 
At January 4, 2010 at 10:14 AM , Blogger Jake said...

2010 Native America $1 coin now on Direct Ship.

But the shocker is that the 2001 Sacagawea is also on Direct Ship.

 
At January 4, 2010 at 6:12 PM , Blogger coinman said...

Vaughnster
I have the nicklrs in the FED Box and plan to sell by roll then by coin but I am having a haed time opening the case. I just have to take deep breath and do it. I will let you know when they go on sale that day thanks.

 
At January 4, 2010 at 6:13 PM , Blogger coinman said...

oops sorry for type o I have burned my fingers recently

 
At January 4, 2010 at 7:45 PM , Anonymous Anonymous said...

Aw, have a little fun, Coinman! See if someone will pay you $29,999 for the sealed box of nickel rolls! :)

 

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