Mint News Blog

News, Information, and Commentary on US Mint Products

Monday, December 28, 2009

Recent US Mint Product Updates

In the past week or so, there have been changes to the status of several US Mint products. This includes some which have sold out and others which have returned from previous "sold out" status. This post will provide a recap of these products.

2009 Lincoln Cent Proof Set

As briefly mentioned at the end of a post last week, the 2009 Lincoln Cent Proof Set (LN2) sold out around December 21, 2009. This product contains the four different 2009 Lincoln Cents, in proof version. These coins are struck in a special composition of 95% copper and 5% tin and zinc that was used for the first Lincoln Cents issued in 1909.

The sets were announced by the United States Mint in August, after the full 2009 Proof Set containing the cents had already gone on sale. By that time, countless proof sets had already been broken up in order to sell the four 2009 Lincoln Proof Sets separately.

The new offering included the single lens containing the four 2009 Lincoln Cents in a newly designed box. The sets were offered for sale at $7.95 with an ordering limit of 5 sets per household that remained in place for the duration of the offering.

The last reported sales for the set was 201,107. Following the sell out, the prices of the US Mint packaged set have risen to around $15-$16 each. Here are the current eBay auctions.

2009 Kennedy Half Two Roll Set

The 2009 Kennedy Half Dollar Two Roll Sets sold out on December 24, 2009. This product, along with the 200-coin bags, went on sale January 22, 2009.

Starting in 2002, the US Mint no longer produced Kennedy Half Dollars for release into circulation. They did continue to produce a limited mintage of the coins for sale directly to collectors in numismatic bags and rolls, priced at a premium above the face value. The mintages of Kennedy Halves has remained low since this date.

Early in 2009, the US Mint had produced 1.7 million coins at each the Philadelphia and Denver Mints. When supplies started to dwindle, they produced an additional 200,000 coins per facility in September and October. The final mintage of 1.9 million coins each comes in above the mintage low set last year when 1.7 million coins were produced at each facility.

At the time of this post, the 200-coin bags still remain available for sale on the US Mint's website priced at $130.95.

Direct Ship Rolls

In another swift change to the US Mint's Direct Ship Program, the previously available 2009 Native American Dollars have been removed from sale and placed in the "Sold Out" section.

Direct Ship rolls previously listed in the "Sold Out" section have become available once again. The available coins include the Presidential Dollars for George Washington (2007), John Adams (2007), Thomas Jefferson (2007), James Madison (2007), Andrew Jackson (2008), and Martin Van Buren (2008). Each option is limited to a maximum order quantity of two $250 boxes.

Despite reports published in the mainstream press which indicated that the US Mint would record charges as cash advances, some Mint News Blog readers have reported that recent orders have come across as regular purchases. The US Mint does retain the messages about agreeing to comply with the intended purpose of the program. Perhaps this has been enough to curtail abuses of the program.

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11 Comments:

At December 28, 2009 at 1:03 PM , Anonymous Brad said...

I'll just hang on to my five 2009 Lincoln Cent Proof Sets for the time being. Since there were only around 200,000 of them sold, they will prove much harder to find in the special box with COA than the regular 18-coin proof set. As stupid as it is, sometimes individual sets like these sell for more than a version containing more coins! It's just another case of special packaging being worth a premium, I guess.

 
At December 28, 2009 at 1:37 PM , Anonymous chopper said...

+1.

You could turn them around now for double the purchase price but these sets will likely only go up in value as future collectors seek them out due to their pure copper composition.

 
At December 28, 2009 at 2:17 PM , Anonymous Anonymous said...

We all enjoy buying coins that are going up in value, but that is only a part of the equation...when you do sell a coin one has to ask, what it the money worth that I receive from the sale as opposed to the money that it cost to purchase it?

Your true return will be greater or less depending on the value of the dollar at the time of the sale.

When I was a kid, you could party all week on a buck and coins were made out of silver...

Hi ho silver away.

 
At December 28, 2009 at 4:51 PM , Anonymous Anonymous said...

I think the real clincher for these cents is the composition: copper, which will not be utilized for a long time to come (unless they release a "special set" with the upcoming Lincoln dollar and a copper cent - but I kinda doubt it.

 
At December 28, 2009 at 6:51 PM , Anonymous Anonymous said...

2010 Native American coins available on direct ship January 4

http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?langId=-1&storeId=10001&catalogId=10001&identifier=8100

 
At December 28, 2009 at 7:46 PM , Anonymous Anonymous said...

I don't see them in the USMint website????

 
At December 29, 2009 at 1:16 AM , Anonymous Anonymous said...

The Lincoln penny sets are being offered for about $15, but I don't see anyone buying them at that price. Plenty for sale.

Your better bet is to buy them as part of the proof set.

 
At December 29, 2009 at 8:27 AM , Anonymous Anonymous said...

Copper v. Zinc coins.....It reminds me of how my wife buys old made in usa toys on ebay since like zinc, all new kid toys tody look great, same as the old ones, but are made like crap in China. I prefer the copper pennies.

 
At December 29, 2009 at 4:59 PM , Anonymous Anonymous said...

Copper cents vs. zincs? That made me burst out laughing. I'm really an odd old bird I guess when it comes to pennies. That's just another of my silly foibles. I used to eat lot's of "penny stick pretzels" that were sold in 2 gallon size plastic jugs. After becoming empty these jugs really have a large amount of uses, so I saved about 20 or so in the basement. Not wanting to carry pennies in my knickers, later trowsers, when I got home from school, later work, I would deposit them in shoe boxes, then jars,and anything else. I did this daily for almost 35 years! The pennies got heavy and were at some point rolled into those free paper coin wrappers the banks used to give out. (Sort of the same ones you see sold in .99c stores for a dollar per bag.) I labeled the rolls by decade not individual years or mints, so they have 1910's, 1920's, 1930's, 1940's, etc.

I suspect most are copper and I stopped about 1966. These rolls are sitting in the plastic pretzel buckets under the work bench. I haven't looked at any in probably 40 years or moved them since they are heavy for me. My kids might very well get a kick out of looking thru them in a few years. I guess they'll marvel at the wheatbacks, copper and 1940's steel composition, and the shiny ones in there. Maybe they'll carry them to the coin sorter machine at the supermarket and buy a few baskets of groceries. ~ Grandpa

 
At December 30, 2009 at 6:47 AM , Anonymous Anonymous said...

Nice story, Grandpa. I would have a BALL looking through those cents!

 
At January 10, 2010 at 2:08 AM , Anonymous Anonymous said...

nice post. thanks.

 

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