James Buchanan $1 Coin Cover
Today September 30, 2010 at 12:00 Noon ET, the US Mint will release the James Buchanan Presidential Dollar Coin Cover. This will represent the fifteenth release for the American Presidency $1 Coin Cover series.
The cover incorporates two 2010 James Buchanan Presidential Dollars from the first day of mintage at the Philadelphia and Denver Mints. The coins are mounted on an illustrated display card with a 44-cent postage stamp. The postmark on the cover is "August 19, 2010, Lancaster, PA", which coincides with the official circulation release date of the coins.The covers are priced at $15.95 each plus shipping and handling. A product limit has been established at 32,000 covers.
The Presidential Dollar First Day Coin Covers have experienced a gradual decline in orders as the series moved forward. The first release featuring George Washington had sold out of the entire 50,000 maximum production. As sales have declined, the production limit was adjusted lower for subsequent issues.
Previous releases from William Harrison (9th) to Franklin Pierce (14th) remain available for sale on the US Mint's website.
Labels: Coin Covers, Presidential Dollars
posted by Mint News Blog @ 6:20 AM
7 Comments:
Do you think the limit will be raised for the Abraham Lincoln cover? I can see 32,000 of those selling out in a hurry, since it appears from past releases there is probably somewhere in the neighborhood of 18,000 active subscriptions for this Mint product.
Yes, I think that would be possible.
The US Mint is bumping up the maximum mintage for the Mary Todd Lincoln First Spouse Gold Coin, so following suit with the only Abraham Lincoln product with a limit would make sense.
Hi Michael,
So what will be the max. mintage for Lincoln First Spouse Gold Coin?
The Mary Todd Lincoln $5 Gold is set at 20,000 across proof and unc versions. This compares to 15,000 for each of the other 2010 releases.
http://news.coinupdate.com/us-mint-cuts-first-spouse-gold-coin-maximum-mintage-0192/
The Mary Lincoln First Spouse coins are limited to a maximum of 20,000 over both designs, with customer demand dictating the spread between Proof and Uncirculated.
From the way the language of the policy this year reads, it is doubtful there will be a household limit imposed on the coins. I can see all 20,000 coins being bought in a month or two, seeing as how it's a Lincoln product. The sellout might happen faster if the price of gold pulls back, but that doesn't look too likely at the moment. It looks more likely the coins will cost nearly $900 each by early December!
The coin covers are a really boring set. As boring as the First Spouse gold coins. No wonder sales have been declining with time.
Nice try.
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