Sales End for Northern Mariana Islands Quarters Bags and Rolls
Today, the United States Mint ended sales of 2009 Northern Mariana Islands Quarter bags and rolls. The end of sales coincided with the beginning of sales for the new 2010 Hot Springs National Park Quarter bags and rolls.
The Northern Mariana Islands Quarter bags and rolls first went on sale back on November 27, 2009. The US Mint offered two roll sets, 100-coin bags, and 1000-coin bags. A few days after the start of sales, the mintages for the quarters were revealed to be lowest for a circulation strike quarter since 1960. The 2010-P had a mintage of 35,200,000 and the 2001-D had a mintage of 37,600,000.
One of the interesting aspects of the NMI Quarter besides the low mintage, is the proportion of the mintage that was distributed directly to coin collectors through the US Mint's numismatic bags and rolls. The table below shows the most recent unit sales for bags and roll of Northern Mariana Islands Quarters.
| Northern Mariana Quarters Bags and Rolls Sales | |||
| unit sales | quarters per product | total quarters | |
| 100-coin bag (P) | 7,733 | 100 | 773,300 |
| 1000-coin bag (P) | 1,477 | 1,000 | 1,477,000 |
| 100-coin bag (D) | 7,354 | 100 | 735,400 |
| 1000-coin bag (D) | 772 | 1,000 | 772,000 |
| Two Roll Set | 33,639 | 80 | 2,691,120 |
| Total | 6,448,820 | ||
The US Mint sold 6,448,820 quarters through their bags and rolls offerings out of the overall mintage of 72,800,000. This means that numismatic sales represented 8.86% of the total mintage.
Breaking the figures down by mint mark shows an even higher proportion of the lower mintage Philadelphia strike in the hands of collectors. Bags and rolls sales included a total of 3,595,860 2010-P Northern Mariana Islands Quarters out of the total mintage of 35,200,000. In this case, quarters sold through bags and rolls represent 10.22% of the mintage.
During the prior 50 State Quarters Program, I don't believe that the percentage of each quarter's mintage sold through numismatic bags and rolls was ever this significant. I was able to find data for a few of the 2008 quarters and calculated the percentages to be around 2%.
I think this will be an interesting trend to watch. If mintages continue to decline for this year's quarters and collectors continue to purchase the same or higher quantities through the US Mint's numismatic offerings, even greater proportions of each quarter's total mintage will be purchased and held by collectors. This could have implications for the values of today's low mintage coins and the notion of circulating coins, as fewer of them ever have the chance to actually circulate.
Labels: Bags and Rolls, DC US Territories Quarters
posted by Mint News Blog @ 11:28 AM
18 Comments:
any word on the 2010 proof silver eagles yet
Don't hold your breath :-O
Rumors say no more Gold proof eagles will be minted. There should be some silver proofs.
Silver proofs this year would sure make a lot of people happy. The Mint better make a bunch of 'em as there must be a pent up demand just waiting for the goes on sale day.
SAE's please!
Moy has already said no proof silver eagles.
Stop complaining about the ASE. You can get a 5X as large Hot Springs bidet through a secondary approved dealer later this year!
In the end, the Northern Mariana gathered much less hoopla than many of the predecessors particularly over the final year of the series. Who can forget the frenzy over the Puerto Rico quarters?
While the program succeeded in popularity and financially for the mint, it remains to be seen how the collecting community will receive the State Park quarters. The first week sales figures will be very telling.
One of the positive notes is that according to the mint, they will remain on sale for a full year. Therefore, we will have plenty of time to place our orders.
JA
Decades from now We will have a rip 2009 commerative proof SAE, they wont make a uncirculated one, that one is scheduled for 10 years after the proof. Because that make sence
JA: Can you provide a link that states that they will stay on sale for one year? The Mint usually takes them off sale once the next in series is issued.
If you look just under the 'Purchasing Information' Section of the product page you will see the following:
The United States Mint will accept and fulfill orders beginning April 19, 2010, at 12:00 noon (ET). The Hot Springs quarter bags and rolls will be available for one year after this date.
This is listed in the rolls and bags product pages so it must be accurate.
I too was a little surprised because as you said, they typically remove them when a new one is issued.
JA
just cancelled my order...still will have one year to order again...wow ,,,how stupid can the mint keep getting?
How can the Mint make such a statement? They can't guarantee that the rolls and bags will still be on sale for a full year, unless they plan to actually mint more of them later to make sure they can fulfill demand.
Is there anything stated anywhere that explicitly says that each design is only to be minted for a specific time frame, and once production of the next design begins production of the prior design must cease?
Forget this nonsense and put your money in something much more promising, like the First Spouse gold coins. They will always have value because of their pure gold composition, and even at today's prices they could very well be great bargains.
As an added bonus, if you wait until tomorrow afternoon (4/21), the prices should be returning to last week's levels due to some lower gold fix prices this week. The prices might very well go back up next week, but for this week you get a second chance to buy them for last week's prices!
Today's slow sellers could be tomorrow's treasures. Collectors have a tendency to fight over the very same items that no one seemed to want during initial availability. It's already happening with some of the spouse coins to a certain extent. Don't be left behind on the opportunity. If you are, don't say you weren't warned!
Looks like the mint just killed off the potential of these coins by having the bags up for sale for an entire year.
There is no way that these ATB quarters can be on sale for a whole year. I would bet that the mint has a designated number of rolls/bags and will post a "sell out" once that magic number is reached. This series will be much lower in mintage than the State Quarters. Michael: Can you see these remaining on sale for a year?
The ATB Quarters may be 'scheduled' to be on sale for a year, but my guess is that they will sell out long before the year limit is up. I would assume that the mint has already produced a finite number of these and has moved on to the next coin in the series already (Yellowstone) that is due out in June. Buy them now or pay high prices later - besides, you KNOW that the HSN buyers are going to be buying these by the truck load.
If the Mint expects to be able to sell the bags and rolls of these coins for an entire year, they must have held out 50%+ of the entire mintage for numismatic sales purposes!
I was at the ceremony yesterday, and supposedly Bank of America (the bank doing the coin exchange) was going to have unmixed roll quantities available at all of it's branches starting at noon yesterday. That should amount to a big chunk of coins too, even if each branch only had one or two boxes.
These CAN'T possibly last an entire year at the Mint!
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