Revisiting the 2008 Annual Uncirculated Dollar Coin Set
I wanted to take a post to revisit a 2008 product still on sale at the United States Mint- The 2008 Annual Uncirculated Dollar Coin Set. This set contains an uncircualted version of each of the dollar coins issued for the year.
It's worth mentioning that this product contains the only collectible Silver Eagle that has been available directly from the United States Mint since August 2008.
The set contains the following coins:
2008-W Uncircualted American Silver Eagle
2008-D Satin Finish Sacagawea Dollar
2008-P Satin Finish James Monroe Dollar
2008-P Satin Finish Andrew Jackson Dollar
2008-P Satin Finish John Quincy Adams Dollar
2008-P Satin Finish Martin Van Buren Dollar
The set originally went on sale August 7, 2008 priced at $37.95. The product has remained on sale throughout the ensuing tumultuous course events related to collectible Silver Eagles. This included the early sell out of the 2008 Proof Silver Eagle, the later sell out of the individual 2008-W Uncirculated Silver Eagle, the delayed launch of the following year's collectible issues, and finally the cancellation of the 2009 Proof and Uncirculated Silver Eagles.
As of January 3, 2010, the US Mint has sold 95,786 of the 2008 Annual Uncirculated Dollar Coin Sets, with recent sales of approximately 1,200-1,300 sets per week. I would venture a guess that the US Mint may have produced an even 100,000 sets, making a potential sell out a few weeks away.
The set is priced at a slight bargain to the cost of the individual components. The 2008-W Silver Eagle seems to sell for about $28-$30 and the individual satin finish coins can sell for a few dollars each.
The US Mint's product page can be found here.
Today on Coin Update News: The latest US Mint Sales Report
Labels: Silver Eagles
posted by Mint News Blog @ 11:03 AM
21 Comments:
Michael, the mint's website now lists the 2008-w unc. silver eagle sales at only 436,702. Do you think this does or does not include coins sold in the 08 unc. dollar coin set?
here's the link:
http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=AmEagUnc
436,702 does NOT include the 95,000 plus 08 unc. dollar coin set
I agree, the 436,702 would not include the coins sold in the Annual Dollar Set.
Didn't I read somewhere Michael that in some of the James Monroes of this set they are missing the writing on the side and that the U on the silver dollar in the United States is different than most silver dollar?
Both are questions.
I don't think anyone ever reported finding the 2008 W Silver Eagle with the reverse of 2007 inside one of the Annual Uncirculated Dollar Coin Sets, but that does not necessarily mean there are none out there. You would have to open the cellophane to find out, and once you've opened it you've devalued it in many collector's eyes.
Here is the post about the discovery of the James Monroe Dollar missing edge lettering.
To my knowledge there haven't been any other discoveries, but not everyone checks the edge lettering or opens their sets.
I have never heard of anyone finding the Reverse of 2007 Variety in one of these sets.
The reverse of 2007 coins were shipped early in the year (March, April, May 2008). The Annual Dollar Set wasn't released until later in the year (August 2008) so I don't think any of the rare variety made it into the sets.
Is this 2008 Annual Uncirculated Dollar Coin Set worth buying some extra sets before they sell out. Does anyone see it doing well on the secondary market?
In response to 5:07PM The only coin of value in the AUDC set is the burnished ASE
and so I've opened all of my 2008 sets and put the Presidents in tubes and put the ASE's in a nice AirTite. If we've seen the end of the burnished ASE's then eventually in the aftermarket there will be a certain demand for them in any form in order to complete a 2006 thru 2008 series.
Jim L.
Thanks for the reminder on this set. I hope not but quite possibly the last ASE ever available direct from the US Mint. I'll have to check and see if I already have one.
Just in case, I thought I'd mention that the golden dollar coins in this set are satin finish and not the regular business strikes. They may also be worth a premium in high mint states.
Cheers!
Mine are sealed in plastic wrap - I'm wondering if I should keep them this way or open them and take a look???
Michael, isn't it odd then that the mint link definitely includes the '07 unc. dollar coin set in their total sales of '07 unc silver eagles.
Maybe they are not including the '08 dollar sets in their '08 totals because they're still for sale? i dunno
I can't believe they've been offering the set for sale so long. It's like "The Coin Set That Time Forgot"!
I'm really disappointed they discontinued this set. The production quality on the folder was outstanding, and would have made a great way to collect all the burnished SAE's, the presidential dollars, and the Sacajawea variations together in one package.
It would have been a better set if it had been truly complete. It needed Denver Presidential Dollars and a Philadelphia Native American Dollar. The extra $5 face would have probably raised the price of the set by $10 though, which is probably why it wasn't done that way in the first place!
This set is a beauty...
Too bad the mint didn't make one for 2009 and 2010.
These coins make lovely gifts for children.
Collectors need to see more products like this set made every year. Let them limit the number to 50,000 and watch the collectors get in line for them.
Goldbug
Got 1 in August and I love it !!!!!!!!!
The concept is ruined now without a 2009.
I noticed that the 2007 set finally seems to be selling for more than issue price now. The set was a secondary market loser for the longest time! However, it still doesn't fetch much of a premium. Sellers might still lose a little bit on it by the time they pay the fees to everyone and the postage, since so many buyers expect free shipping now and actually shy away from auctions that have a shipping charge.
I just noticed the 2008 Annual Uncirculated set was just updated to 'SOLD OUT' status.
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