2010 Hot Springs National Park Quarter Bags and Rolls
The United States Mint will begin selling bags and rolls of the 2010 Hot Springs National Park Quarters on Monday, April 19, 2010 at 12:00 Noon ET. This will represent the first release of the new America the Beautiful Quarters Program.
The circulation release date for the quarters will occur on the same date. An official launch ceremony will be held the following day on April 20, 2010 at the Hot Springs National Park administration building.
The 2010 Hot Springs Quarter reverse design features a depiction of the ornate door of the park headquarters building, with one of the park's many fountains appearing in the foreground. The reverse was designed by Don Everhart and sculpted by Joseph Menna. The obverse of the coin features a portrait of George Washington designed by John Flanagan. The US Mint has restored portrait details that appeared on the original 1932 Washington Quarter.The US Mint will offer a two roll set containing one 40-coin roll from the Philadelphia Mint and one 40-coin roll from the Denver Mint. The rolls are packaged in custom designed wrappers that indicate the mint mark, name of the park, state abbreviation, and face value of contents. The two roll sets are priced at $32.95 each. This is the same price that was charged for last year's two roll sets of quarters.
The US Mint will also offer 100-coin bags from either the Philadelphia or Denver Mint. The canvas bags will have a tag which indicates the mint mark, name of the park, state abbreviation, and face value of the contents. These bags are priced at $35.95 each. This represents a $3 increase from the price of last year's 100-coin bags of quarters.
At this time, these three products seem to be the only ones offered specifically for the Hot Springs Quarter. Last year, there were three other offerings for each specific quarter. This included 1,000-coin bags from the Philadelphia or Denver Mint and First Day Coin Covers.
The larger sized bags apparently will not be offered, and I have confirmed that First Day Coin Covers will not be produced for the series.
Collectible proof or uncirculated versions of the Hot Springs National Park Quarter will be incorporated into several multi-coin sets released later in the year. This will include the 2010 America the Beautiful Quarters Proof Set, 2010 America the Beautiful Quarters Silver Proof Set, 2010 Proof Set, 2010 Silver Proof Set, and 2010 Uncirculated Mint Set.
Lastly, a duplicate design of the quarter will be used for a 5 ounce silver bullion coin with a 3 inch diameter. The most recent statements from the US Mint suggest that the America the Beautiful Silver Bullion Coins will be available around mid-year. These will not be sold directly by the US Mint, but distributed through their authorized purchaser network.
posted by Mint News Blog @ 7:18 AM
19 Comments:
The mint is unwilling to sell any precious metals coins (exct first spouses commems.) directly to the public. I say they can keep their clad coins--if they really want to make some profit you must make greater availibilty to more people more of what they want.
I have questioned why they would not simply market these to the public directly. It's not as if they don't have the means to do so. I know the Mint contributes their annual profits to the government so I'd rather let them earn the profit than the list of 'approved sellers'.
JA
They all look like casino tokens, at aleast the last few, so plain
Michael, why is it that the 5 once silver are not available to the public. The mint could sell to the public, add packaging, and make an extra $20. My local bank is offing a 2009 1/4 once gold eagle with a 2009 silver eagle dollar in a set for $450. Another item I couldn't purchase from the mint. I can pick up the 1/4 eagle on ebay for about $335. The 5 once would have been something to look forward to, with the lack of collectable coins this year.
Tim
The 5 oz'er probably sold through dealers because it is a bullion coin instead of a mint state or proof coin like the Boy Scout coins. I hope the new quarters look better live than the pictures of the live quarters.
A mixture of both law and tradition generally has the Mint only selling numismatic products to the public. Anything designated differently like 'bullion' (which is meant to be sold based more or less solely on its metal content) will go through different channels, i.e. authorized dealers. Theoretically, these distribution channels are more efficient and more able to handle this type of business.
This is also why the Mint doesn't sell rolls of nickels or dimes since there is no current numismatic reason for selling them. And they don't want to cross paths with the Federal Reserve and what they are suppose to do, i.e. the Mint is suppose to make the money and the Federal Reserve is suppose to distribute it.
For instance, the Mint will probably not sell anything penny related next year, since there will be no longer any numismatic reason for selling it.
And somewhere in this mess of reasoning is probably why the Mint chose to use a satin finish on coins sold in its annual 'Uncirculated' Mint sets. I think the only time you get non-satin-finish uncirculated coins from the Mint is in the bags and rolls it sells... again, sold for numismatic reasons, not circulating reasons.
Let me add one or two recent exceptions to what I just said...
the Presidential and Native American dollars are circulated through the Mint because 1) they are forced by legislation to make them, and 2) ever since 2003?, the Fed has refused to attempt to distribute them. The same reasoning probably applies to the Kennedy half dollars as well.
Anonymous said this coin looks like a royal commode. What a complete ball bust!!! Shoulda drew it at a different angle buddy!
Ha!! Ha!! Ha!!
Lasloo,
That is very interesting what you said about dollars not being distributed by the Fed. I've never heard of this but am very interested as to their reasoning. Has there been any reason given as to why the Fed doesn't distribute the dollar coins?
Sigo Pascal, I think I got some of that information about the Fed Reserve not ordering certain dollar coins from this interview with Moy:
http://www.coinnews.net/2010/02/23/us-mint-forum-moy-talks-pennies-nickels-dimes-mintages-2010-designs/
So, I was probably overly strong in stating the Federal Reserve "refuses" to distribute them. As the article states, they have no need for ordering them in most cases, and so the Mint is the only one left to find a way to get built-up inventory out and distributed, therefore the Direct Ship thing they've been trying to do. As some other article I've read stated.. the Mint has many many many years worth of dollar coins that they are still trying to get rid of and thus that most dollar coins being created now are going out for numismatic reasons... only a few get ordered through the Reserve... usually requested directly by banks (who in turn are probably being requested by customers who are also coin dealers).
I wonder if mint produced gold proof coins in a decade before 1986 when they started the American Eagles. Any one can help?
Thanks, Lasloo. I also found another article about the banks having too many dollar coins... http://www.coinnews.net/2009/12/22/us-dollar-coins-glut-supply-far-exceeds-demand/
Now it makes me wonder why the mint cointinues to make so many coins that we don't want. With Lincoln coming up this year, I don't expect them to slow down any time soon.
BTW, these quarter designs just don't look very impressive to me, either. Now that y'all put that thought into my head, all I see is the bidet now on the Hot Springs quarter. LOL
Sigo, Mint only follows the law with only minimal room to do anything extra they may want to do (i.e. numismatic items).
The quarters, the Presidential dollars, the Native American dollars are ALL legislated by Congress and thus the Mint HAS to make them. It would be nice if the Congress passed something that gave the Mint a little more decision making power in deciding what to create (and what not to create).
I believe the last thing I read said the Federal Reserve has already a 12 year supply of Presidential Dollars in storage!! The Mint may have to mint certain coins by law, but perhaps they're not obligated to mint absurd quantities??
Does anyone want to guess if the Mint will stop selling Hot Springs quarters when the Yellowstone quarters start selling June 1st? Could be some low sales if they do.
It's too bad that the Federal reserve , who produces the dollar bill, has a strangle hold on releasing the dollar coin.
If all of the dollar coins produced were released into circulation then there would be no need to produce the dollar bill. Something I am sure the Federal Researve wouldn't want to see would be for the public to convert over to dollar coins.
I think within 10 years we will all have some plastic like debit cards that will replace coinage. There will still be precious metal coinage produced for numismatics. Gold and silver will reach historical highs. There will be a market for pre state quarter coinage, but not so much for the circus of clad reverses since.
Hot Springs quarters are now on sale and the N. Mariana's are sold out.
Any buyers?
I'll probably get a couple of two roll sets of quarters, a few of the Lincoln shield two roll sets and a couple of the Boy Scout coins before Wed. (when the Boy Scouts increase in price).
I think the Mariana's are simply going off sale. The mint's way of indicating something is no longer available is unfortunately by declaring it 'Sold Out' which is not technically accurate.
Anyway, yes I will be heading over to the mint site for a few rolls and bags. I already bought some LP5's and Boy Scout silver.
JA
I do not collect this "scrap quarters". But I will buy some to go through. If lucky enough may get an error of some kind. Do you guys remember wisconsin leaf errors?
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