Survey Results: Favorite 2009 US Mint Product and Biggest Disappointment
Just before the end of 2009, I created a survey for Mint News Blog readers. The survey allowed readers to share their thoughts and opinions on US Mint products from 2009 and for the coming year. Some of the questions covered broader topics, asked for predictions, or allowed open ended responses. Almost 800 readers completed the survey with many providing detailed responses.
For the next week or so, I will be publishing the results of the survey in multiple parts. These posts will be in addition to the regular ongoing coverage on US Mint product news and information.
What was your favorite US Mint product for 2009?
|Lincoln Coin and Chronicles Set||43.47%|
|2009 Ultra High Relief Gold Coin||36.44%|
|2009 Proof Gold Buffalo||8.46%|
|2009 Proof Platinum Eagle||3.59%|
The favorite product of readers was the Lincoln Coin and Chronicles Set with 43.47% of the vote. This was followed by the 2009 Ultra High Relief Double Eagle Gold Coin which received 36.44% of the vote.
From the readers who selected "other," the top three responses in order were the 2009 Proof Set, one or more of the First Spouse Gold Coins, and the 2009 Lincoln Commemorative Silver Dollar.
My personal favorite product was the Lincoln Coin and Chronicles Set. The price was set at a bargain level, mostly due to the premiums which had already developed for the 2009 Lincoln Silver Dollar. The set was extremely well put together in terms of packaging and content. The limited production run for a product with obvious broad appeal added an element of excitement to the release. The set was shipped promptly and looked even better in hand, to complete the experience.
What was the biggest disappointment of 2009?
|2009 Proof Silver Eagle Cancellation||57.25%|
|Coin Design Selections||14.78%|
|Decreased Number of Products||9.76%|
|2009 Proof Gold Eagle Cancellation||8.32%|
The biggest disappointment was overwhelmingly the cancellation of the 2009 Proof Silver Eagle. Coming in second was disappointment about the coin designs selected for new or upcoming coins. Nearly 10% of readers selected the other category and provided a combination of choices or different options.
From the readers who selected "other," the top three responses in order were "all of the above" or a combination of the included options, the cancellation of collectible uncirculated (burnished) Gold and/or Silver Eagles, and the unavailability of 2009 dated circulating coins (mostly mentioning nickels and dimes).
Additional disappointments provided by one or more readers included the lack of smaller denomination precious metals coins for collectors, quality control and shipping issues, product prices that were too high, the unlimited mintage for the UHR Double Eagle, and the new finish used for proof coinage.
Personally, I was most disappointed by the cancellation of the 2009 Proof Silver Eagle. When my wife and I had our first son in 2008, I immediately bought him the 2008 Proof Silver Eagle. Among the other coins I would regularly add to my son's collection, I decided that every year I would buy the Proof Silver Eagle for him. When the US Mint broke with their tradition, I was forced to break with mine.
This was a core product of the US Mint that has been offered for more than 20 years. I do not believe that all avenues were explored before the decision was made to cancel Proof Silver Eagle and other products. I think that it will take several years of regularly issuing the Proof Silver Eagle and providing other well executed collector products to win back the goodwill and trust that the US Mint lost this year.