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Monday, July 12, 2010

United States Mint 2010 Uncirculated Coin Set

The United States Mint will begin sales of the 2010 Uncirculated Coin Set later this week on July 15, 2010 at 12:00 Noon ET. This set represents one of the US Mint's core annual offerings.

Each set includes a total of 28 coins, struck at the Philadelphia and Denver Mints with a special satin finish. The following coins are included in each set:

2010 P&D Lincoln Cents - This is the first year of the new Union Shield reverse design, which is expected to remain in use for the foreseeable future.

2010 P&D Jefferson Nickels

2010 P&D Roosevelt Dimes

2010 P&D America the Beautiful Quarters - The first year of the new 12 year program. This year's coins feature Hot Springs National Park, Yellowstone National Park, Yosemite National Park, Grand Canyon National Park, and Mount Hood National Forest.

2010 P&D Kennedy Half Dollars

2010 P&D Presidential Dollars - Presenting the 13th to 16th Presidents of the United States, Millard Fillmore, Franklin Pierce, James Buchanan, and Abraham Lincoln. These coins were previously released in the separate 2010 Presidential Dollar Uncirculated Coin Set.

2010 P&D Native American Dollars - This year's design presents the theme "Government - The Great Tree of Peace" with a depiction of the Hiawatha Belt.

Based on the images included on the US Mint's product page, the 2010 Mint Set will be packaged in folders bearing the same city skyline designs that have been used since 2008. From 1984 to 2007, uniquely designed envelopes or folders had been used for each year of issue.

The 2010 Mint Set is priced at $31.95, which represents an increase of $4 compared to the price of last year's set. This price increase comes despite a reduction in the number of coins included in the set. The 2009 Mint Set included a total of 36 different coins, with the size of the set expanded by the additional quarter design and four different 2009 Lincoln Cent designs. Additionally the cents were struck in a special composition of 95% copper.

The contents of this year's Mint Set are actually comparable to the 2008 Mint Set, which included 28 coins and was priced at $22.95.

On a positive note, the 2010 Mint Set comes several months earlier than last year's offering. Due to unique tarnish issues for the cents, the release of the 2009 Mint Set had been delayed until October 1, 2009.
Today on Coin Update News: Interview with Mint of Poland

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31 Comments:

At July 12, 2010 at 2:04 PM , Anonymous The Dude said...

Too much $$$$$$$$$$$$$$$$

 
At July 12, 2010 at 2:32 PM , Anonymous Anonymous said...

Dude, I second that motion, too many dollars for just a few cents !!

 
At July 12, 2010 at 3:15 PM , Anonymous Anonymous said...

So are the coins satin or business strike?

John

 
At July 12, 2010 at 4:11 PM , Anonymous Anonymous said...

Less coins then last year for four dollars more? They have lost their freakin minds.The ignorance involved in the marketing at the US Mint is obviously higher then last year too.

 
At July 12, 2010 at 5:35 PM , Anonymous Anonymous said...

low mintage possibility

 
At July 12, 2010 at 6:10 PM , Anonymous Anonymous said...

Count me out!

 
At July 12, 2010 at 7:49 PM , Anonymous Anonymous said...

I'll wait and get one cheaper from the dealers who think they will make money off this rip off.

 
At July 12, 2010 at 8:37 PM , Anonymous Anonymous said...

Pretty much have lost interest in these as they do not seem like coins but carnival tokens. Really have lost a lot of my interest for the silver proof also due to the inclusion of the presidential tokens. If they would make a silver proof president coin for the silver proof set then I would get interested as long as the coins didn't look like they came from a doityerself coin striking kit.

 
At July 12, 2010 at 11:46 PM , Anonymous Anonymous said...

Just about every coin in this set is ugly and a joke, with the exception perhaps being the Lincoln cent and the Native American Dollar.

 
At July 13, 2010 at 6:24 AM , Anonymous Anonymous said...

I don't think the coins are "ugly" or "a joke", but the set IS overpriced.

I concur with the earlier opinion that this one will be able to be had on the secondary market for less than issue price. I'll gamble on that.

 
At July 13, 2010 at 8:22 AM , Anonymous Anonymous said...

That is a huge bummer on the prince increase. I for one can not understand how they can justify such a large price increase while reducing the number of coins. Not very good business sense. Looks like greed to me. I am sure some Polictico figured out that this may be a good revenue stream that can be tapped and that collectors have no other options.

 
At July 13, 2010 at 8:25 AM , Anonymous JA said...

Same sentiment here. I'm at a loss to justify spending more and more each year.
I am seriously losing all my interest in collecting these sets.
I have cancelled all my prez subscriptions and I haven't bought anything from the mint in 6 months or so.

 
At July 13, 2010 at 8:35 AM , Anonymous Anonymous said...

I'll bet next year you'll be able to buy the 2010 set for $20 or less. The only way the set will sell for issue price or more is if due to the high price few people buy the set from the Mint. However, I don't really see that happening. There will still be 700,000+ of these sets sold. Collectors are always gluttons for punishment, I guess.

 
At July 13, 2010 at 9:54 AM , Anonymous Anonymous said...

Price of these coin sets are going up for three reasons. 1. The price of scrap metal must be up, 2. cost of new equipment, and 3. Gooberment employee numbers are growing rapidly and all are all getting giant raises and many get bonuses. The gooberment is the fastest growing and highest paid group of employees.

 
At July 13, 2010 at 10:08 AM , Anonymous Anonymous said...

I wonder if they're trying to recover some costs associated with striking those large 5 oz clown tokens?

 
At July 13, 2010 at 11:15 AM , Anonymous Anonymous said...

THE US MINT SUCKS

 
At July 13, 2010 at 12:21 PM , Anonymous Anonymous said...

"I wonder if they're trying to recover some costs associated with striking those large 5 oz clown tokens?"

If they were, they would be selling them directly, instead of letting the distributer "monopoly" determine the value.

No, I believe they are covering annual pay raises and padding costs. That translates to higher cost and less value to the collector. They won't be happy until they cook the golden goose. Perhaps they should have paid attention to what the Post Office did to stamp collecting.

 
At July 13, 2010 at 1:06 PM , Anonymous Anonymous said...

The government is just about the only entity that does not have to please the customer. Any other business that fails to make enough customers happy goes out of business unless it is a monopoly. Now having said that there are still enough drones who will buy the scrap metal coins coated with a tin alloy to make it appear they are producing meaningful coinage.

 
At July 13, 2010 at 1:38 PM , Anonymous Anonymous said...

Friends, Romans, countrymen!

You have it all wrong. The Mint is on a pre-destined path of self-imposed destruction, let them.

You have a clear choice : simply BOYCOTT and refuse to buy overpriced GARBAGE, or roll over and be insulted. Only spend your hard earned money where it's treated BEST. The Unc. sets and the Proof sets are BOTH priced the same.

I am so bummed out, it seems to have started on a downward spiral after the new Pres. was elected by Hollywood. No, this is not a political commentary, just a noticeable coincidence (?) and fact of timing. I for one will NOT buy these sets, for me it's over!

~ Grandpa.

 
At July 13, 2010 at 2:53 PM , Anonymous Anonymous said...

I quit buying mint sets when I wasn't able to get a 2004 because they went off sale earlier than usual, except I bought one last year for my newborn son. Used to buy 6 a year for nieces and nephews. Won't be buying these again. Only bullion silver eagles. They have gone up nicely because of the silver price and surely will continue to do well with the upcoming inflation due to flooding the money supply.

 
At July 13, 2010 at 3:39 PM , Anonymous Anonymous said...

Thats a great idea from commenter above. Buy silver eagle bullion coins for yourself or as gifts. At least they are silver. No they are not as pretty as a proof or have all the nifty packaging but as of now proof silver eagles appear to be history. Maybe find a history of the silver eagle on the internet, print it off and include with the coin gift.

 
At July 13, 2010 at 3:42 PM , Blogger Xen0 said...

I, similar to Mike, started collecting coins from other foreign mints since the US mint stopped caring about the collectors. FYI, there are plenty of online retailers who specialize in foreign coins and are price competitive. IE talisman coins.

Most of their prices on modern and new coins are actually cheaper than buying directly from foreign mints since they buy in bulk and also save myself from international credit fees and international shipping costs!

 
At July 14, 2010 at 12:34 AM , Anonymous Anonymous said...

They have to pay for the new universal health care somehow, get use to higher prices.

 
At July 14, 2010 at 5:09 AM , Anonymous Anonymous said...

Universal health insurance does not mean universal health care. I suggest us all calling the mint and ask for an explaination of the price increase for the UNC sets.

 
At July 14, 2010 at 10:20 AM , Anonymous Anonymous said...

Gold- by my calculations there should be a price drop today at the Mint. $1198.75 is the AM average.

 
At July 14, 2010 at 11:16 AM , Blogger Michael said...

I get an average of $1,204.86 from prior Thurs AM to current Wed PM.

And Wed PM is within current range.

 
At July 14, 2010 at 11:32 AM , Anonymous Anonymous said...

Yeah, at first earlier in the week it looked possible that we might get a gold coin price drop this week, but the spot price rebounded a little too strongly. Bummer.

I'm still holding off buying my Jane Pierce coins, especially after the reports of the early shipments having unsightly die scratches on the coins. Is there any update on that situation? I would rather have coins struck from a better die, but I'm afraid too that I might end up receiving someone else's returned scratched coins!

 
At July 16, 2010 at 2:32 PM , Anonymous Anonymous said...

Ok, nobody likes receiving an item that has been previously returned to the US Mint. Its like going to Best Buy and finding those yellow "Open Box" stickers all over the store. We all may not like this, but why doesn't the Mint place a sizeable restocking fee on any OPENED returned item? The key word being OPENED? Thoughts?

 
At July 16, 2010 at 7:32 PM , Anonymous Anonymous said...

Instead of mint stuff this year, I just got a toned, original 1958 double mint set, I'm very happy and get it out each night to see it- haven't felt that way for a while!!!

 
At July 18, 2010 at 6:46 PM , Anonymous Anonymous said...

I like that analogy about the Best Buy "open item". That hits the nail right on the head. I NEVER buy anything like that! They have a lot of guts even putting it back out on the floor. The savings aren't that significant over an identical sealed item anyway.

The Mint will likely never charge a restocking fee for returns. After all, the main reason anyone would return something is because it arrived damaged. If the box was never opened, they would never know it was damaged in the first place. Also, the form that must be enclosed with all returns that lists the reason for return is inside the box, so you have to open it to get to it, even if the reason you're returning the item is simply because you changed your mind about buying it and could otherwise return the coin unopened.

Going back to that Best Buy example, maybe the Mint SHOULD use the same tactic for returned coins. They could offer them for sale AS returned coins and give would-be buyers a discount. That way you KNOW what you'll be getting. It might not be a deal-breaker anyway, since some coins are likely returned by EXTREMELY picky buyers who find some miniscule, barely noticable defect that they themselves can't live with, but 99% of collectors would not give a rip about. They could save some money and get a coin that most would consider acceptable.

 
At July 19, 2010 at 4:26 PM , Anonymous Anonymous said...

No thanks US Mint. My money now goes North. Stupid IDIOTS !!!

 

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