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News, Information, and Commentary on US Mint Products

Wednesday, December 30, 2009

Sales End Tomorrow for US Mint Last Opportunity Products


Sales will officially end on December 31, 2009 at 3:00 PM ET for products included in the US Mint online catalog's Last Opportunity section. The products include 2007 Presidential Dollar bags and rolls, 2008 First Spouse Bronze Medals, and the 2009 Ultra High Relief Double Eagle Gold Coin.

The Presidential Dollar products include 250-coin bags and 25-coin rolls for Thomas Jefferson and James Madison from either the Philadelphia or Denver Mint. These products were originally released back on August 16 and November 15, 2007 and have been available for sale since. The sales totals to date are listed below. The 25-coin rolls have sold in far greater numbers than recent releases. The US Mint stopped offering the 250-coin bags after 2008.

Thomas Jefferson Presidential $1 Coins
250-coin bag (P) 1,172
250-coin bag (D) 932
25-coin roll (P) 69,816
25-coin roll (D) 65,515
James Madison Presidential $1 Coins
250-coin bag (P) 785
250-coin bag (D) 692
25-coin roll (P) 57,642
25-coin roll (D) 55,900
The First Spouse Bronze Medals available include Elizabeth Monroe, Louisa Adams, Andrew Jackson's Liberty, and Martin Van Buren's Liberty. These medals were all issued during 2008 on the release date of the corresponding gold coins. The medals were also included in a 2008 Four Medal Set and the four separate 2008 Presidential Dollar and First Spouse Medal Sets. No sales figures are available for the individual medals.

The 2009 Ultra High Relief Gold Coin has attracted the most attention of the current Last Opportunity products. The US Mint had announced on December 10, 2009 that the coin would only be available until the end of the year. When the announcement was made, I had put together a UHR Double Eagle time line. The most recent reported sales figure for the coin came in at 112,065.
Today on Coin Update News: The latest US Mint Sales Report

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25 Comments:

At December 30, 2009 at 10:54 AM , Anonymous Anonymous said...

is 2009 the only year for the UHR ?? If so, what left in 2010 gold? thanks

 
At December 30, 2009 at 11:34 AM , Anonymous Anonymous said...

Michael,

Any word yet or final sales figures on all braille sets?

 
At December 30, 2009 at 11:36 AM , Blogger Michael said...

2009 will be the only year for the UHR.

Next year, there will definitely be 2010 First Spouse Gold Coins, since they are required by law.

There will probably be 2010 Proof Gold Buffalo coins, and there might be collectible uncirculated and proof 2010 Gold Eagles. These offerings will depend on the blank supply and demand for the bullion coins.

 
At December 30, 2009 at 11:37 AM , Blogger Michael said...

Unfortunately, No new figures for the Braille coins have been reported.

 
At December 30, 2009 at 11:45 AM , Anonymous Anonymous said...

thanks Michael, you do a great job with this site. Bob

 
At December 30, 2009 at 2:00 PM , Anonymous Anonymous said...

Which gold coin should I buy tomorrow, a Buffalo or an UHR?

And, which coin will prove to be the better investment? Let's say I hold it for five years?

All opinions are welcome. Happy New Year to all my fellow coin collectors.

Last chance for 2009.

 
At December 30, 2009 at 3:17 PM , Anonymous Anonymous said...

All precious metal coins will follow spot for a base value. The uhr already has a higher premium than the buff ($400 over spot today!). Mintage will be around double for the uhr over the buff but the buff will be minted for many more years than the uhr. In conclusion in 5 years I think there will not be a large difference in value over current price for either coin (compaired to each other) so buy which ever coin you personally like best!

 
At December 30, 2009 at 3:22 PM , Anonymous Anonymous said...

Buy what ever one you like best. Better investment? Gold in 5 years could be priceless or manipulated down again under $400,so enjoy the ride and just enjoy the coin.

 
At December 30, 2009 at 3:47 PM , Anonymous Anonymous said...

I own both and think the UHR will be labeled a failure due to its small size. If Mr. Moy wanted to produce a "wow" factor he would have made it look more of the size of the 1907 HR. Any mint state St. Gaudens has much more "wow" than the 2009 version. The "beaten metal" background of the proof Buffalo "wows" me.

 
At December 30, 2009 at 5:33 PM , Anonymous Brad said...

I don't really think the UHR will ever be generally condsidered a "failure." The coin still routinely fetches around the Mint's selling price on the secondary market, sometimes a little more, and this is going on WHILE the coin is still for sale AT the Mint. Once the secondary market is the only option for buying one, I look for the coin's price to rise a bit more.

Don't let the UHR's higher mintage fool you: The coin has enough demand and appeal to carry it for many years to come. 2006 Buffalo proofs fetch around $300 over spot, and it's mintage was just over 250,000! Higher mintage does not necessarily hurt a coin's premium much when enough people like it.

Don't fret too much over which coin will be the better "investment" either, as they both are appealing coins with high collector bases. 5 years is a long time to forecast for the price of gold, as the price is so volatile that you can't really count on it. Conflicting forecasts can make it seem it will be $2,000+ or $500-. The latter situation would obviously prove devastating to those who are buying gold coins now who are only looking to make money down the road.

The bottom line is what has been said before by others: Buy what you enjoy and can afford. If it turns out you can make some nice money on it in a few years, chalk it up as a bonus. If the price of gold tanks and you would take a huge hit by selling it, you are basically "stuck" with a coin you enjoy owning in the first place. Can you really consider that a losing situation?

 
At December 30, 2009 at 5:43 PM , Anonymous Anonymous said...

I personally think any of the Liberties that you can buy for half the proof Buf or UHR on the secondary markets are your best bet. Beautiful classic coins with mintages only a fraction of the Buf or UHR. They are exactly the same diameter as the UHR. UHR is the way to go if you prefer to admire the side of the coin!

 
At December 30, 2009 at 7:49 PM , Anonymous Anonymous said...

Get at least one of each the UHR and buffalo if you can swing it. The UHR expires tomorrow so if you can get one of each get the UHR first and then you can wait and see if another price drop is coming on the buff. Don't know if the mint will give a last warning on the '09 buffalo before it is discontinued. Probably have somewhere between 1 and 3 months on the buffalo if Mike's prediction of 50 large production holds.

 
At December 30, 2009 at 8:25 PM , Anonymous Anonymous said...

I personally think gold would be much higher than $2000 in 5 years. I am thinking it would be more like $2500 to 4000. This is based on many forecasters that called the real estate bust in advance, ie. Peter Schiff, Jim Rogers, Jim Sinclair.

UHR vs. Buff? I say get both, but I like UHR better.

Good luck.

 
At December 30, 2009 at 8:35 PM , Anonymous Anonymous said...

Buy both and return the one you don't like.

 
At December 30, 2009 at 9:44 PM , Anonymous Anonymous said...

Will there be a repricing of Gold tomorrow (today)?

 
At December 30, 2009 at 10:16 PM , Anonymous Anonymous said...

No, the average of the existing London price fixes was just over $1,100, so the Mint will be milking out at least one more week of the current prices. Hopefully there will be several fixes below $1,100 the next few days so we can get a price drop next week.

 
At December 31, 2009 at 12:54 AM , Blogger Hidalgo said...

Michael,

I sense that you do not receive many thanks for what you do, so I personally thank you for a job well done!

As a former website manager, I know how much time and effort is required to do what you're doing.

Again, thank you for all that you do. Here's looking forward to a great new year (2010) and more from your column/blog.

 
At December 31, 2009 at 1:03 AM , Anonymous Anonymous said...

The mint needs to come up with another gimmick bullion coin to sell next year.

 
At December 31, 2009 at 6:34 AM , Anonymous Anonymous said...

I'd go with the UHR. I have an odd feeling that in the future as more of the gold Buffaloes get graded, then the empty boxes and Mint certificates will find their way to eBay with GOLD CLAD BUFFALOES to the uneducated and gullible.

 
At December 31, 2009 at 6:45 AM , Anonymous Anonymous said...

As much as I would love to see a UHR coin up close, it's not worth 1500 dollars now and it definately will fall in price once gold goes down in the years ahead.

It's premium over spot gold price may increase, but if it's premium is $500 and gold is $500 in the future... guess what? you lose $500!

 
At December 31, 2009 at 9:36 AM , Anonymous Anonymous said...

I think both of these coins will go up due to the lack of products that the mint is offering and will offer in the future. Nothing against the Spouse collectors but all they are are gold coins and that is it. No true numismatic value in my eyes in the long term.

 
At January 1, 2010 at 8:33 AM , Anonymous Anonymous said...

I have a quick question that I have not been able to get verification on. A TV Coin Show has been stating the 2009 is the last year that the Mint is going to be producing the Satin Finish Coins - is this true? I have not seen anything on this and is assuming that it is a marketing ploy. Have you guys heard anything about this?

 
At January 1, 2010 at 3:49 PM , Anonymous Anonymous said...

Sounds like marketing hype baloney. I have a feeling that the satin finish format is here to stay for the mint issued uncirculated sets; that is unless they can think of something novel and unique.

 
At January 1, 2010 at 8:42 PM , Anonymous Anonymous said...

Sounds like marketing hype baloney? If the TV show hawking overpriced coins is Chattanooga Coin Co. who advertises low quality cheap slabbed coins at high retail prices......don't be surprised. Google this outfit and try to find anyone who thinks CCC is a collector's mecca. They seem to advertise in a way to thinly veil phoney hype with tricky wording. I personally wouldn't buy a plastic straw from these people. That's my opinion.

 
At January 2, 2010 at 7:41 AM , Anonymous Anonymous said...

Gold at 400 $?? as some predict.
Then I will sell my house and put it in gold.

 

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