Washington DC Coin Exchange
Just a quick post to pass along news of the rescheduled 2010 Lincoln Cent coin exchanges to be held at two Washington DC locations.
The Washington DC exchanges were originally scheduled to take place on February 11, 2010, the same day as the official launch ceremony in Springfield, Illinois, but they were canceled due to weather.
The coin exchanges have been rescheduled for this Thursday, February 25, 2010 from 10:00 AM to 4:00 PM. The exchanges will be held at the US Mint sales counter at Union Station and the first floor of the US Mint headquarters at 801 9th Street NW.
posted by Mint News Blog @ 6:51 AM
12 Comments:
Why are they even bothering to do this, it seems to me that the bloom is off the rose for the first release '10. If someone wants even exchange for face value that might be important to some, otherwise the numismatic value of DC vs. Springfield release rolls is questionable. Does anyone know for sure where the release event will be held for the Lincoln dollars?
Jim L.
True, there's no first-day designation for any of the rolls. But this was technically true even for the originally set date during the snowstorm since they were showing up in Puerto Rico (and other places?) in late January.
I'm going to show up and get some rolls because I'd like some for my collection. Maybe trade some P rolls for D rolls with others online. And, well, sell some on Ebay. Won't get a bunch for them, but enough for me to start my savings for getting some of the America the Beautiful Bullion coins.
Also, the crowd will probably be very small. Thus allowing many to go back in the line over and over again.
anyone know how many 2009 gold buffalos have been minted so far? and where to check?
Bowtie,
If you mean the proof version of the 2009 Buffalo, the latest sales report through Feb 21 shows a total of 47,599 sold. The coin is basically a bullion coin now, so the best bet would be to buy it only if you don't care about it's resale value.
The prices of the U.S. Mint's gold coins will undoubtedly be going up tomorrow, so you have less than 24 hours from the time of this writing to place an order at the current price of $1,360 (which is also the original offering price on the first day of sales last October.)
I'm thinking of ordering another Anna Harrison Uncirculated First Spouse coin before the price increase, since it appears very likely that the final sales number will fall below 4,000 coins for that one. Whoever thought that a gold coin with a mintage THAT low would not be worth a small fortune? It will make the 1997 Jackie Robinson Uncirculated coin look common by comparison!
The 2009 Gold Buffalo bullion coin had a mintage of 200,000.
The proof version of the coin has sales of 47,599 and counting. Sales figures for numismatic products are available weekly on Coin update News. Here's the category stub:
http://news.coinupdate.com/category/us-mint-sales-reports/
I guess these coin exchanges are the ONLY way to get them at face value. Good luck finding these in your local bank. And I'm not going to pay the outrageous prices for these rolls on eBay. It is asinine to pay that much for something modern thats not even rare or anything like that.
since the collector demand for these coins seems to be high, you would think that the mint would allow people to exchange more at these events because the majority of these will never be seen again in circulation and that would just increase the governments profit.
i still haven't been able to get any 2009 nickles, dimes, and half of the us territories quarters from circulation or the bank.
the fed needs to re-evaluate the distribution process. if colletors want any of these, they probably have to pay some ridiculous price from some jerk on ebay or at a coin show.
Surprised that there hasn't been any comment (that I've seen) regarding Part 2 of Director Moy's remarks from Springfield (see Coinnews.net).
Seems that Moy reasons that due to mintages declining in '10 they have more time to create better coins and we're going to see more "real bumps on it and everything" as a special treat. Funny thing is he says that this year's coins will have a higher relief...I recently compared a roll of '10 Shield pennies to a roll of '09 Log Cabins and guess what: less bumps! But we're gonna get more bumps to go pop! pop! pop! in 2010!!
Jim L.
Looks like we have to wait to pay $8.95 plus s&h to be able to buy $1.00 in pennies from the mint later this year. Seams like that will be the cheapest way for those of us who are too far away to get them from the exchange.
They aren't even producing any dimes or nickles yet. I don't understand why collectors aren't given a means to buy any coin from the mint directly. I don't like getting ripped of by paying $30-$40 for a nickle or dime roll. It is probably someone who works in a bank or knows someone who does that get to sell them for a profit.
Moy could learn alot from other mints that produce holograms, encapulation and bimetal coins that are works of art. All we are promised are bumps. Please give us something that people can afford and are works of art. Then collectors from other countries would want it in thier collection. That might help everyone.
Falcon,
I won't pretend to understand all of the ins and outs of the Mint or coins in general. Having said that, I think expecting the mint to add holograms and other crazy artistry is a bit unrealistic and unfair. These are, in the end, coins. And the proofs and uncircs are likenesses of circulated coin, whose primary role is to trade with various individuals and businesses in return for provisions being sold by sed individual or business. Yes you want them to be beautiful and represent well, but you also need to be realistic about costs and purpose. Sure some of these private mints have very elaborate coinage? But what was the cost to produce and what are they re-selling for? On the other hand, how much do you want your government spending to make a penny, nickel, dime, etc. Hasn't fiscal responsibility been enough of a concern with the mint and government overall?
I am speaking about collector coins like other goverment mints not regular circulating coins.
I feel it is insane to produce coins for more then thier face value like the penny and nickel.
It is not unrealistic for us to want to see something better then better bumps to collect.
I would have to agree with wanting to see something worth collecting now that the mint has time to spend.
That is not being unrealistic or unfair to want our mint to improve the collector coins. For the profit they make from us they can look into higher tech production. Yes they will charge us for it like they always do.
What you call crazy artistry others would call progressive production.
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