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Tuesday, February 9, 2010

2010 Union Shield Lincoln Cent Launch Ceremony

The United States Mint will host the launch ceremony for the newly designed 2010 "Union Shield" Lincoln Cent later this week. The ceremony takes place after some of the coins have already reached the channels of circulation.

Update 2/10/2010 9:30 PM ET: The Springfield, Illinois launch ceremony will take place tomorrow as scheduled. The Washington DC coin exchanges will not take place as the Federal Government is closed tomorrow due to the blizzard.

The new reverse design features a Union Shield with a scroll draped across, bearing the denomination "One Cent". The shield has thirteen vertical stripes and a horizontal bar with the inscription "E Pluribus Unum", representing the original states joined in one compact union in support of the federal government. This design is intended to be emblematic of Lincoln's preservation of the United States as a single and united country.

The launch ceremony will be held on February 11, 2010, 9:30 AM CT at the Abraham Lincoln Presidential Museum located at 212 N. Sixth Street in Springfield, Illinois. The ceremony will be followed by a coin exchange, where attendees will be allowed to exchange currency for rolls of the new coins. The US Mint has announced a minimum of two rolls and a maximum of six rolls for the exchange (subject to change).

On the same date, coin exchanges will also be available at locations in Washington, DC. The exchanges will be available at the US Mint sales counter located at Union Station and the first floor of the US Mint's headquarters at 801 9th Street NW.

I haven't seen as much excitement from collectors about the upcoming ceremony as some of the previous ceremonies for the 2009 Lincoln Cent designs. After the first ceremony in Hodgenville, Kentucky proved to be an incredible boon for attendees who were able to obtain rolls at the coin exchange, the second and third ceremonies had much more buzz and higher attendance. The second ceremony was even called "Numismatic Woodstock" as approximately 3,000 people traveled to Lincoln City, Indiana for the ceremony and exchange.

By the fourth ceremony held in Washington, DC, attendance had declined to just a few hundred people. This may have been partially due to the weather and the fact that the coin exchanges were available at other DC locations, held indoors.

It will be interesting to see how many people attend the upcoming 2010 Lincoln Cent launch ceremony. I think some of the anticipation has been lost due to the fact that 2010 Lincoln Cents have been in the hands of some collectors for nearly one month. As early as January 12, 2010, some examples of the first 2010 Lincoln Cents started appearing in Puerto Rico and quickly found their way to eBay, where collectors throughout the United States could acquire them, albeit at a premium.

The United States Mint is yet to announce any products which specifically highlight the 2010 Lincoln Cent, although it seems likely that something is in the works. For the 2009 Lincoln Cents, the US Mint had offered Two Roll Sets, a separate Lincoln Proof Set, and the Lincoln Coin and Chronicles Set.

If any readers do plan to attend the ceremony on February 11 and would like to provide photos or a report of the ceremony, please contact me.
New Coingrader Capsule: NGC Star Designation

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25 Comments:

At February 9, 2010 at 3:31 PM , Anonymous vaughnster said...

A sealed 50 roll box of the 2010 Lincoln penny is "only" $700 on eBay. Get yours before the price spirals downward in a few weeks!! eBay item #250573237259

 
At February 9, 2010 at 4:28 PM , Anonymous Anonymous said...

Mike,
All indications for the DC Exchange might be put off due to the weather do you have anything on this.

 
At February 9, 2010 at 4:30 PM , Anonymous Anonymous said...

I might just try to make it down to Springpatch and score some rolls. How long after the ceremony do they sell the rolls in case I don't get there in time for the 9:30 hoopla?

Jim L.

 
At February 9, 2010 at 5:00 PM , Anonymous Anonymous said...

I think there were fewer people attending because many realized that they could not make the huge profits that were seen with the first "Log Cabin" penny roll sales.

 
At February 9, 2010 at 5:31 PM , Blogger Michael said...

I haven't heard any changes regarding the ceremony or exchanges due to weather, but will provide a post if any official announcements are made.

"How long after the ceremony do they sell the rolls in case I don't get there in time for the 9:30 hoopla?"

At the last Springfield, Illinois event, the exchange was open for about 2 hours after the ceremony. The exchange closed after the supply ran of rolls ran out.

That was for a few thousand attendees and 20,000 rolls available. If there are the same number of rolls available for fewer attendees, it might stretch a bit longer.

 
At February 9, 2010 at 7:10 PM , Anonymous Anonymous said...

Unless you live pretty close to SpringFIELD (that's for YOU, Jim L.), then the best bet is not to waste your time on the ceremony. Unless you have pre-sold all the rolls you'll expect to get to people who won't reneg on you, the soon to be declining price will be more than eaten up by the cost of the trip in gasoline.

If you just want some souvenirs and don't mind standing in lines for hours and hours (especially if you want to get the rolls cancelled at the Post Office), then the ceremony might be worthwhile for you.

posted by:

A proud Illinoisan who doesn't appreciate those who make fun of his state and city names.

 
At February 9, 2010 at 7:12 PM , Anonymous Anonymous said...

This is Tuesday, so how come there wasn't a new "Mint Sales Report" posted?

 
At February 10, 2010 at 5:08 AM , Anonymous Anonymous said...

Probably due to the Gov. snow days.

 
At February 10, 2010 at 5:21 AM , Blogger Michael said...

"This is Tuesday, so how come there wasn't a new "Mint Sales Report" posted?"

Sorry haven't received it yet. Will have the report on Coin Update as soon as available.

 
At February 10, 2010 at 10:09 AM , Anonymous Bob M said...

@Anonymous Feb 9 7:10PM, many locals refer to Springfield with the self-deprecating nickname of Springpatch, kind of like Charleston(home of EIU) is also nicknamed Chucktown. Look at the article comments in the online edition of the State Journal Register sometime, you will see "Springpatch" mentioned numerous times but of course, you would already know that if you lived pretty close to Springfield...

As for the ceremony, I plan on being there and I imagine that the crowd will be smaller than the 3000+ there in August. Unfortunately, I wish I could make it to the Coin Forum being held Wednesday night at the ALPLM with Director Moy, that sounds like it would be an interesting Q&A session.

 
At February 10, 2010 at 11:32 AM , Anonymous Anonymous said...

Bob,

Thanks for setting me straight in that regard. I did not know that about Springfield. I'm just so used to Illinois being treated like "Hickville USA" that I just jumped to the conclusion that this was the case also.

I live about 2-1/2 hours south of Springfield, and attended the August ceremony. I figure too that the crowd won't be nearly as big this time, but it will still be big enough to result in long lines. It's a heck of a lot colder now to be standing in line, too. The line at the Post Office last August was horrendous! No WAY do I want to go through THAT again!

 
At February 10, 2010 at 12:08 PM , Anonymous Anonymous said...

Since non-essential federal offices in the Washington, D.C., area have been closed due to weather since Monday, there may not be a sales report for awhile.

I am still wondering if U.S. Mint Headquarters will be open tomorrow for the coin exchange. Doubt it.

 
At February 10, 2010 at 12:14 PM , Anonymous Anonymous said...

I called the relevant us mint telephone numbers about the Union Station Coin Exchange. No answer at any of them. The Us Mint Help(?)Desk was not even aware that they where listed as having anything. So goes the no information gig.

 
At February 10, 2010 at 1:02 PM , Anonymous Anonymous said...

I was just at local post office in Springfield and they said this time the ceremonial cancels will be at the post office on Cook Street, not the downtown one like last time. There is parking and much more inside room at the Cook Street post office so it shouldn't be as bad as August.

 
At February 10, 2010 at 3:21 PM , Anonymous Anonymous said...

With the government shut down this week, does that mean that won't be taxed for the week?

 
At February 10, 2010 at 5:32 PM , Blogger Sholom said...

Federal govt shut down thursday too - so what will happen to the scheduled penny exchange? How can *anyone* find out if the usmint store is closed and no one answering??

 
At February 10, 2010 at 6:29 PM , Anonymous Anonymous said...

Mr Moy is in IL. Maybe someone will ask the question. Who is in charge with the NEWS

 
At February 10, 2010 at 6:53 PM , Blogger Michael said...

I have received confirmation just now that the Springfield, Illinois ceremony is still on.

The exchanges in Washington DC are not going to take place as the federal government is closed.

 
At February 10, 2010 at 7:07 PM , Blogger Sholom said...

are the exchanges in DC not going to take place at all? (even the next day)?

 
At February 10, 2010 at 7:17 PM , Blogger Michael said...

So far, the only information I have is that the DC exchanges are canceled Thursday.

Once I receive information about a rescheduled date, I will provide.

 
At February 11, 2010 at 3:21 PM , Anonymous Anonymous said...

Part of Mint Press Release: Notice the last sentence.

The 2010 Lincoln cent has a metallic content of 2.5 percent copper, with the balance being zinc. The coin will be issued for circulation in quantities to meet the demands of commerce. Numismatic (proof and uncirculated) versions will be included in the United States Mint's annual product offerings. The coin will also be available for sale in two-roll sets this spring.

 
At February 11, 2010 at 5:30 PM , Anonymous Anonymous said...

Can anyone comment on the 2010 Lincoln Event Booklet from today's ceremony?

Jim L.

 
At February 12, 2010 at 5:23 AM , Anonymous Anonymous said...

Great news! According to the US Mint press release they will be selling the 2010 penny two roll set later this spring.
Even if the price is $8.95 like the 2009 penny sets it will be alot cheaper then paying $30.00 for two rolls on e-bay.

 
At February 12, 2010 at 9:47 AM , Blogger Sholom said...

I reached the guys at the US Mint store in DC today. They said they have not heard if there will be a reschedule of the new cent exchange. One guy presumed it'd be rescheduled, but was just guessing.

 
At February 23, 2010 at 2:25 AM , Anonymous Anonymous said...

Nice design!!!

 

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