Mint News Blog

News, Information, and Commentary on US Mint Products

Thursday, January 14, 2010

Survey Results: 2010 US Mint Products and Potential Offerings

The series of posts covering the results of a year end survey for Mint News Blog readers will continue with this post. The fourth and fifth questions were in relation to the US Mint's upcoming products for 2010 and a more general question about products that readers would like to see the US Mint offer in the future.

Of the products listed on the current US Mint 2010 scheduled product listing, what are you looking forward to most?

Other 38.36%
Boy Scouts of America Silver dollar 16.95%
American Veterans Disabled for Life Silver Dollar 13.22%
2010 Proof Platinum Eagle 12.56%
James Buchanan's Liberty $10 Gold 10.92%
Mary Todd Lincoln $10 Gold 8.19%

The reaction to the question was widely mixed. The majority of readers chose "Other" with 38.36% of the vote. This was followed by the Boy Scouts of America Centennial Silver Dollar at 16.95%, with the remaining options dividing the rest of the vote.

For readers who had selected "Other," there was an opportunity to provide a separate written response. Of the responses provided for the "Other" category, 25% simply indicated "none" or "none of the above." This was closely followed by 23% who indicated the Proof or Unicrculated 2010 Silver Eagle. These products currently are not listed on the US Mint's 2010 schedule, as their production will remain contingent on the ability of the Mint to satisfy "full demand" for bullion coins.

More responses from the "Other" category in order of frequency included: America the Beautiful Quarters, 2009 Lincoln Presidential Dollar products, one or more of the US Mint's annual sets, America the Beautiful Silver Bullion Coins, 2010 Gold Buffalo Proof coins, 2010 Lincoln Cent products, and Proof 2010 Gold Eagles. Again, several of these responses indicate products that are not currently included on the product schedule.

Not including collectible Gold and Silver Eagles, what product would you most like to see the US Mint offer in 2010 or the future?

Limited mintage sets including special strike or mint marked coins 35.44%
Fractional Gold Buffalo coins 26.11%
Rolls and bags of other circulating coins (cents, nickels, dimes) 15.64%
Coins struck in palladium or other new composition 15.49%
Other 7.32%

The most popular response was "limited mintage sets including special strike or mint marked coins" with 35.44% of the vote. Past offerings of this nature have been very popular with collectors and proved to be secondary market winners. In 2006 the US Mint issued 20th Anniversary Sets for the Gold and Silver Eagle, which included reverse proof coins. During the 1990's, there were several sets issued with matte proof versions of circulating coins such as the 1998 Robert F. Kennedy Set with the 1998-S matte proof Kennedy Half.

A very interesting idea for a special set that the US Mint could develop for 2010 was mentioned by a reader "Former Boy Scout" in a comment to a previous post. A set could be developed featuring the Boy Scouts Silver Dollar Commemorative together with a special 2010 Kennedy Half Dollar (with a special finish or W mintmark). The set would be fitting and meaningful since John F. Kennedy was the first U.S. President to be a former Boy Scout.

The next most popular response was Fractional Gold Buffalo coins with 26.11% of the vote. These coins were issued for only one year in 2008 before being discontinued.

Rolls and bags of circulating coins and coins struck in palladium or a new composition received approximately 15% of the vote each.

Some of the responses entered by readers who selected "Other" presented some very interesting ideas for potential products. These included:

- True silver proof set with all silver coins, penny through dollar. (Although the US Mint issues a silver proof set, the majority of coins currently have non-silver compositions.)

- Bimetallic coins. (The only US Mint bi-metallic coin was the 2000-W Library of Congress $10 Coin, which consisted of platinum with an outer ring of gold.)

- Legacy or Prestige Proof Sets. (The US Mint issued Prestige Proof Sets from 1986 to 1997 and American Legacy Collections from 2005 to 2008. These sets included the coins of the annual Proof Set plus one or more commemorative coins.)

- Coins using classic designs. Some mentioned included the Morgan Dollar, Liberty Head Double Eagle, Bust, Seated, and Flowing Hair designs.

- Classic designs re-imagined by skilled contemporary artists.

- More reverse proof coins.
Other posts covering survey results:
Favorite 2009 US Mint Product and Biggest Disappointment
Mint News Blog Readers Reflect on 2009



At January 14, 2010 at 7:59 PM , Anonymous Anonymous said...

Those making comments in the survey should be in charge of some of the "what products to mint" decisions. A lot of good ideas presented for "other products."

At January 15, 2010 at 4:54 AM , Anonymous vaughnster said...

If the Mint could come up with one or two really exciting items a year with a stated limited mintage, I would be giddy. The excitement in the days leading up to the sale of the Lincoln Chronicles set as well as being ready on the website at 11:59 a.m. won't be forgotten anytime soon.

At January 15, 2010 at 7:02 PM , Anonymous Anonymous said...

The thrill is gone!!! 2010 will most likely be the last year that I will have any viable dealings with the US Mint. Everything has gotten a little out of hand, and definitely the price to value for their merchandise, as well the price being paid for it in the secondary markets has become mega inflated. Buyers beware! The price now being spent on US Mint memorabilia, and that will include those item sold in 2010, may do to collector as did the housing market did to the homebuyer. An adjustment will come and I am afraid that when the bubble burst, there are sets out there that the US Mint is selling that will be virtually worthless. Its scary to witness the extent the Mint has gone to market to the public pieces of round shape medal that is not even legal tender. Making an investment based solely on emotion is one thing, but there still has to be a measurable amount of reason to do so. We as coin collectors cannot ignore the fact that there is a big difference in a coin verse a token. At least if worst comes to worst, with coins you are still left with the face value. Really how much will a wrapper be worth after the smoke clears. Now is this really where we want to be as coin collectors. Something tells me we are being taken for a ride. My wish for 2010 and beyond is that the Mint goes back to minting money that has a purpose and put on the back burner the trinkets. Save them for the commercial Mint factories.

At January 16, 2010 at 4:48 PM , Anonymous Anonymous said...

...about the Boy Scouts did the mint fail to include the Scout's Oath on this coin. It is in their marketing narrative, and it would fit on the back of the coin just fine. That would have been a coin worthy of scouting, and an inspiration to each that see it. In light of such a popular theme, I am sure it will sell out even though it is a weak design. meanwhile...Luke 12:21

At January 18, 2010 at 9:17 AM , Blogger HBGuy said...

The Mint's 2010 and 2011 ommemorative coin programs are completely uninspired. Why aren't any gold commemoratives included in 2010?

The 2011 program is even more attrocious: how can Congress and the Mint not honor the Centennial of President Ronald Reagan's birth? The Mint issued a similar coin in 1997 for FDR's Centennial.

It also escapes me why the Civil War's Sesquicentennial isn't proposed as a coin program. Surely the Battles of Bull Run, Shiloh, Gerrysburg, the Wilderness and Appomatox would make an excellent program, ideally, in gold and in limited mintages (50,000 or less).

Instead of wasting time on politically correct issues such as the "Diversity Platinum Eagle", First Spouses, etc., why isn't the Mint/Congress honoring REALLY significant events?

At January 26, 2010 at 3:32 AM , Anonymous Anonymous said...

What became of the proposal of a ultra hi-relief coin based on platinum or palladium?


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