2011 Annual Products Will Be Available in January 2011
The US Mint has just announced that next year's core annual products will be available for sale in January 2011. These products will include the 2011 Uncirculated Mint Set, 2011 Proof Set, and 2011 Silver Proof Set.
Typically, the US Mint's full annual coin sets have gone on sale much later in the year. For the current year, the 2010 Mint Set went on sale July 15, the 2010 Proof Set on July 22, and the 2010 Silver Proof Set on August 26.
A quote included in the release states that the products will be available for sale earlier in the year in response to customer demand. Specifically, the desire to have the current year products available for collections and gift-giving occasions throughout the year is mentioned.
The press release does not indicate whether sales of the 2010 dated sets will end once sales of the corresponding 2011 dated sets begins. On past occasions and for some other products, sales of the prior year versions have ended as sales of the current year versions have begun. However, there have been plenty of exceptions to the general pattern.
Most recently, sales of the 2009 Mint Set, 2009 Proof Set, and 2009 Silver Proof Set were all concluded together on June 15, 2010, well before the current year versions went on sale. The reason was that the sets contained Lincoln Cents struck in a composition of 95% copper that were only authorized to be sold for a specified period. Meanwhile, sales for the 2009 DC & US Territories Proof Set and Silver Proof Set have continued to the present day.
If sales of 2010 annual sets are concluded in January to coincide with the offering of the new 2011 sets, this could set up extremely low mintages for the 2010 sets. However, I think it is more likely that sales of the 2010 annual sets will continue into the following year alongside the 2011 sets. I will see if I can get some confirmation of how this will be handled.
Coin Update News: Silver Eagle Rationing Ends
Labels: Annual Sets
posted by Mint News Blog @ 11:13 AM
10 Comments:
Heck yeah, if the Mint ended sales of the 2010 sets in January, I would buy some after all, extra $4 per set or not. That would be more than made up for in strong secondary market prices for a set with a likely mintage of under 600,000 units!
You can make 2011 products available right now if you want to but if you don't control those prices, I'm still not going to buy it.
I'm certain the Mint will offer the 2010 sets until June 2011, along side the 2011 sets. Why would they end sales 6 months early for the 2010 sets and have to "eat" thousands of already produced sets? I think it's a good idea long overdue to offer new products at the start of a calendar year, not a fiscal year.
I agree, it is a reshift of mint policy moving forward offering the sets at the start of the year. I bet 2 2010 shield cents the sales will not end at the end of the year for the 2010 sets. Maybe for 2011 products the sales will end at the start of the year. Afterall, the mint would not sacrifice future sales at the expense of scrapping unsold products. Not in this economy! It is an extra $4 per set dudes, but that was after the prior price increase from 2008 to 2009 and for less coins! Secondary market is where this dude will shop for a discount for 2010 the 2010 sets.
Any word on the release date/price for the 5oz coins?
Gold just hit a record high of $1,261.90!
Where's that Pop-Pop-Pop kid???
Yeah, watch for the buying frenzy of the Buchanan's Liberty coins today! The fence-sitters will want to pick theirs up before the coins go up to record prices of $804 proof and $791 uncirculated tomorrow!
"Any word on the release date/price for the 5oz coins?"
As of this week, there is still no formal launch date established. Premiums that will be charged to authorized purchasers are also still being determined.
So many greedy speculators here. Long term, the stock market is more profitable than gold or silver.
POP! POP!
To the guy who writes about the stock market: Any good investor agrees that at least 10% of your portfolio should be in precious metals. It just makes sense that the 10% should be in physical form and even better, physical with a potential of numismatic gain. Sorry you're missing the metals train. Maybe next time.
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