US Mint Product Schedule Through Year-End
The year is winding down and only ten US Mint numismatic products remain scheduled for release through the end of the year. With no products scheduled to be released during the next month, the final month and a half of the year will be packed with new products. Among them are eagerly awaited items like the 2010 Proof Silver Eagle, Abraham Lincoln Presidential Dollars, and Mary Todd Lincoln First Spouse Gold Coins.
Here's how the schedule looks for the rest of the year:
11/15/2010 - Mount Hood Quarter Bags and Rolls
11/17/2010 - Hot Springs Quarter Three Coin Set
11/18/2010 - Abraham Lincoln Dollar Rolls
11/19/2010 - 2010 Proof Silver Eagle
11/19/2010 - 2010 America the Beautiful Quarters Circulating Coin Set
11/23/2010 - 2010 America the Beautiful Quarters Uncirculated Coin Set
12/02/2010 - Mary Todd Lincoln First Spouse Gold Coins and Bronze Medal
12/02/2010 - 2010 First Spouse Bronze Medal 4 Medal Set
12/23/2010 - Abraham Lincoln $1 Coin and Mary Todd Lincoln Medal Set
12/30/2010 - Abraham Lincoln $1 Coin Cover
The releases for the numismatic products containing Mount Hood National Park Quarters and Abraham Lincoln Presidential Dollars will coincide with the circulation release dates for each coin, on November 15 and 18. For the quarters, the US Mint would offer two roll sets or 100-coin bags from the Philadelphia or Denver Mints. The Lincoln Dollars would be available in 25-coin rolls from either Mint.
On November 19, possibly the most anticipated product of the year will be released, the 2010 Proof Silver Eagle. The US Mint has recently posted images of the coin, which appear above, and the product page, which can be found here. There hasn't been any new significant information available since my last post, which included the pricing of $45.95 per coin and household ordering limit of 100. The product page does state that the ordering limit will be in effect for the first week of release, after which it will be re-evaluated and extended, adjusted, or removed. I expect nothing less than a frenzied opening for this long awaited product.
On November 17, 19, and 21, the US Mint will release three new product types for America the Beautiful Quarters. Images of the packaging haven't been provided yet. Each of these products contain quarters released through other products, remixed into different arrangements. Perhaps the most useful of the products is the circulating coin set, which will include circulation strike P and D-mint coins for each of this year's releases. Within existing US Mint products, these are only available through more costly bags and rolls, and the coins have been challenging to find through the channels of circulation.
The Mary Todd Lincoln First Spouse Gold Coin will be released on December 2, 2010. The overall series has recently gotten more attention, following the release of the James Buchanan's Liberty Gold Coin. As of the last available sales report, this coin has sold nearly 10,000 out of the 15,000 maximum mintage. The US Mint is apparently expecting even greater demand for the Mary Todd Lincoln coin, as they have set the maximum mintage at 20,000.
Rounding out the numismatic offerings will be the 2010 First Spouse Bronze Medal Four Medal Set on December 2, the Presidential $1 Coin and First Spouse Medal Set featuring Abraham and Mary Todd Lincoln on December 23, and the Abraham Lincoln Presidential $1 Coin Cover on December 31. The latter two products should see some increased interest, as is generally the case for numismatic products featuring Lincoln.
Beyond numismatic products, the America the Beautiful 5 ounce Silver Bullion Coins will also be released before the end of the year. The United States Mint has reportedly begun striking the coins, although a release date and the premium level charged to authorized purchasers has still not been revealed. The US Mint plans production of 100,000 of each of the designs, which might prove a small number in comparison to demand.
The bullion coins are being struck in 5 ounces of .999 fine silver and have a diameter of 3 inches and thickness of approximately 0.16 inches. This compares to a diameter of 1.598 inches and thickness of 0.117 inches for the one ounce American Silver Eagle.
For shipment to authorized purchasers, the America the Beautiful silver bullion coins will come in plastic tubes containing 10 coins, with ten tubes packaged into a sealed plastic shipping container. This makes for 50 ounces of silver content per roll and 500 ounces per box. For comparison, Silver Eagles are packaged in rolls of 20 coins, with 25 rolls contained in a so-called Silver Eagle Monster Box, also yielding a bullion weight of 500 ounces per box.
Coin Update News: 5-Star Generals Commemorative Coins Approved
Labels: US Mint
posted by Mint News Blog @ 6:55 AM
79 Comments:
Originally, there was excitement about an early sell-out for the Harrison First Spouse gold coin - because the total mintage went from a total of 40k for previous First Spouse options to a total of 15k for the Harrison First Spouse coin - however the excitement of a lower total mintage for the Harrison First Spouse has not spun a sell-out of the coin.
Next came predictions for a quick sell-out for the Buchanan First Spouse Liberty, and while the sales have been very good, it is far from being sold out, and I seriously doubt it will be sold out.
Now there is preliminary chatter about the Mary Todd being sold out quickly, FORGET IT, it will sell well initially to collectors of the series, but the hype will soon die off and the Lincoln First Spouse will absolutely NOT be a sell out.
Just MHO.
TMM
I totally agree with the above post. The advantage Buchanan has over Lincoln is it's the last of the four Liberty subset coins and is/will be less money to purchase. I'm sure the Mint is aware of Lincoln's popularity with collectors so every offering will be minted in huge numbers, such as the two roll set. No quick sellout and more than the 30,000+ Harrison and Tyler sets.
The Mary Todd Lincoln First Spouse gold coins will be popular, but it will be interesting to see how it plays out. The coins will likely cost over $900 each by then, unless gold finally pulls back (and I sure hope it does!).
Will the name "Lincoln" be enough fuel to sell all 20,000 coins? Only time will tell.
I don't see the Lincoln selling out, or the buchanan for that matter. I am thinking of buying a few more proofs next week before the price increase. The uncirculateds have lower mintage, but the proofs are better looking. Who is going to keep buying at these prices?
The die-hard collectors of the First Spouse series will not bail out no matter how high the prices get. Some of the former die-hards might bail out of sheer necessity, if they are no longer financially able to keep up. However, I can't see that happening to them all.
The Buchanan coin will always be a good one, even if the full 15,000 sell. It's not a huge number any way you slice it. The Jackson and Van Buren coins both fetch really nice premiums now, made even better by their MUCH lower original price levels. I picked up my Van Burens for the original issue prices of $549.95 and $524.95, and a second pair later at the $579 and $566 levels. Ah, the "good ol' days"!
More blah offerings, no thanks dudes. I wonder if the 2010 Annual Mint / Proof / Silver Proof Sets will end sales in January, with the release of the 2011 sets?
The 2010 silver proof eagle will be a very high mintage coin, if the mint is talking about lifting the ordering limit after 1 week then they must have over a million of those coins ready. Expect prices to fall rapidly once people try to start unloading their 100 coin orders.
Yeah, maybe you can get one on the secondary market for around $35 with shipping included!
"I wonder if the 2010 Annual Mint / Proof / Silver Proof Sets will end sales in January, with the release of the 2011 sets?"
I queried the Mint and they plan to leave the 2010 annual sets available until December 31, 2011. See the end of this article:
http://news.coinupdate.com/us-mint-to-release-annual-sets-in-january-0491/
Maybe they'll keep the '09 silver quarters until '12 also!
Man, the 2010 sets available all during 2011? I'm glad I didn't buy any! Dog meat for sure!
Regarding the 2009 Silver Quarters Proof Set, I'm thinking the Mint simply didn't want to sit on or break down their remaining inventory, so they decided to sell them until they're gone.
I still think the silver sets will sell out at the 300,000 unit level, which should be anytime now.
Thanks Michael! The 2010 annual set offerings, if left on sale until December 2011 are sure to be dogs. Secondary market in a few years is where one will get the best deal dude!
Is it really worth it to wait for others left-over 2010 proof sets to save a couple of bucks instead of getting them straight from the Mint? I've been filling my shopping cart for a few months which will include all the 2010 annual sets with other items to save on shipping. Even one bargain proof set on eBay costs the same as the Mint's shipping cost. Just my two cents.
Is 75 large in sales the first week for the ASE proof a reasonalbe guess. With dealers and individuals both piling on a pent up demand and Christmas just around the corner for a gift idea it seems reasonalbe to me. Yeah, there might be 2 mil minted but geez, there is a lot of pent up demand for an affordable precious metal coin with classic design the average collector can obtain. Anybody have a better guesstimate What's the maximum number of orders the mint computer can process in one day. Surely, it must be at least 5 to 10 large and many orders will be for multiples. Maybe, I'm too low.
that's large!!!! lol
The Anna Harrison wasn't the first one to be reduced to a mintage of 15,000. It was the Abigail Fillmore coin.
Didn't the mint sell about 30 large of those Lincoln chronicles sets in about 3 days? And those were one per order.
It was 50,000 sets of the Lincoln Chronicles that sold out in about 3days.
I wish they had REDUCED mintage of the Lincoln First Spouse to 10K or 12K, and made her coin more desirable.
That profile of Lincoln is one of the most unappealing I have seen of the former President.
Whatever happened to the Mint's desire improve the artistry of its coins?????????
Bruce,
You gotta remember that the US Mint, like any corporate entity, is out to earn a profit.
The US Mint is NOT a non-profit organization. The more widgets they can sell, the more revenue they will receive, and the better off they will be.
I agree with Anonymous at October 15, 2010 9:53 AM.
The 2010 Silver Proof American Eagle will be a high mintage coin. When the price of silver goes down -- and the price of precious metals will go down -- you're going to be left with high-priced coins with little demand.
If you are a collector of classic silver coins or giving the 2010 ASE proofs as a gifts then demand will have little influence on your purchases. If you are a flipper or investor then good luck. You are on your own as is always the case. Odds are as this article states these are not "flipper" coins but then again if silver prices continue to increase who knows for sure.
The only thing I plan to buy before the end of this year are the America the Beautiful hockey pucks. I think they have great potential and I plan to collect the entire set.
Are you talking about the 5 oz hockey pucks? Considering there are 5 ounces of silver in them, I figure each one will cost between $150 - $200 each. Wow.
Yep, collecting a hockey puck set will be draining on the wallet, but not as much as collecting a gold First Spouse set.
5 oz collector uncs will be big losers!
Too big to store nicely.
Not nice enough to display.
The only UNC (not proof) coins to EVER command premiums are low mintage ones (these are not).
Only a devoted "collector" should even bother. They never will be worth more than spot so you may as well only spend on "bullion" what bullion is worth. What a stupid idea!
I'm in for the proof ASEs. They are purddy!
Mrs. Lincoln is not the looker that Mrs. Julia Tyler is, so not sure about Mary either with a 20k mintage....
There's probably enough collectors of "everything Lincoln" to absorb 20,000 coins.
I recently re-started collecting coins again. And I have found that I can get some really great bargains of over-produced US Mint offerings. Like proof sets, mint set, silver commemoratives, etc.
Which goes to show you... Patience is a virtue. If you wait long enough, you will find some great bargains out there. It's not worth paying high prices. Sure, there will be the occasional coin that will fetch much more than the introductory price. But those will be few and far between.
Based on what I've seen, unless you're a flipper, you will likely come out ahead if you wait to buy from the US Mint than if you buy immediately.
In the current economy, ever penny counts (even if it's a 1909 S VDB cent)!
All of the first spouse coins are fetching higher prices than they were at the time they were on sale by the Mint, but that is because of the rapid rise of PMs. Do not wait to buy first spouse coins if you think PM will keep rising. There will be a price increase this week. The 1/2 oz and 1/4 proof AGEs may be sleepers with lower mintages.
The 2000 silver proof sets are still selling for under melt (~$30) on ebay....go figure?
If I can, I'm going to buy a sealed box of the Hot Springs 5 ounce coins. I have the money, but I don't know if the authorized purchasers will try the Mint tactic of "being fair" in distribution and limit the number customers can buy.
Silver is taking a hit tonight, hopefully it will continue all the way back down to $20/oz or even less. I won't hold my breath, though.
I've been ready to buy the 5 oz. coins since silver was $18/oz last summer, but the Mint kept dragging their feet. Now the coins will cost a TON more than they should have!
I totally agree with the Anon. 10/16 8:02PM comments. The 5 oz unc coins will be losers for anyone that is dumb enough to buy them.
I agree that either buy bullion (Silver Eagles on APMEX for spot plus small premium) or nice proof ASEs. A high mintage, non-proof or special strike will be a loser.
What are you going to do with rolls of 5 oz coins? they surely will have "bag marks" and where will you store them? Bad idea Mint. Maybe a one oz would make more sense.....
Although I criticize the mint a lot, it isn't the mint's fault that the law calls for 5 oz coins.
No price increase if gold just falls $9 by Wed!
Pop, pop, pop. Check out the pricing grid!
Check out you math
4:45 What grid are you looking at?
I think the reference is to the Mint pricing grid on the first page of the PDF file that states if the Wed PM London fix is in the range of the current pricing the pricing will not change even if the average fix is outside the range. That may occur this week if spot falls to below $1350, but
I don't think this will happen (I think there will be a price increase). Keep in mind London fix pricing for Wed PM means London time, so Wed PM fix is done by AM in the USA.
I also agree with the 5oz rounds not being a good idea, unless they are sold for exactly the same price as bullion from APMEX or other distributors as they will be viewed as pure bullion by most.
-JBL
If thats the case,why use the average? just go by Wed.pm close.
Even if the price is increasing, what would you buy more of before this happens. I like the Buchanans but think I may sit out this week. $1658 an oz on proof buchanans is a bit much. I am trying to figure what kind of premium over the metal these warrant. 10% seems reasonable to me? What do you think?
I think some are missing the idea behind the 5 oz silver quarters. I personally love them. I'm a coin collector through and through. I always appreciate when I can combine my love for coin collecting and bullion collecting. Its the best of both worlds!!! Sure there is a steep premium, but if you're a coin collector, you always expect to pay premiums. In this case, you have the benefit of not only numismatic potential, but also intrinsic value built in. The only gripe I have is that its not offered in a 1 ounce variety. That would open this offer up to so many more collectors. Having said that, I plan on collecting the entire set.
Does anyone know if NGC or PCGS will be grading the 5 oz bullion quarters?
It would be interesting to see them in holders.
"I always appreciate when I can combine my love for coin collecting and bullion collecting. Its the best of both worlds!!!"
With all due respect, "collectors" of bulk bullion are usually "investors", hoping for an increase in the price of precious metals. Low mintage uncirculated coinage and proof struck coins are considered "collectible".
You really need to ask yourself why a high mintage "bullion", coin should be marked up one cent more than say a '10 or '11 freshly Mint packaged box or tube of shiny UNC American Silver Eagles that can be purchased for around $2/oz over spot. I'm looking forward to the Proof silver eagles and enjoy my America the Beautiful proof quarters.
Happy Collecting!
-JBL
Man, that would be a BIG slab! The plastic itself would add a lot of weight.
If there's money to be made doing it, I'm sure the TPG's will do it.
I could use slabbed 5 ozers for stepping stones in my garden. Maybe we can get special bullion America the Beautiful manhole covers!
Coin World reporting that ANACS, NGC and PCGS are all ready for grading the 5 oz. ATB coins. Also it is reporting that starting in 2011, the Mint will be doing away with satin finish coins in the yearly Minst set. YeeHa.
What is a "satin finish"?
Oops, that's Mint set. Satin finish is what the Mint has been using since 2005 in its Mint sets. They kind of sand blast the dies to give it a less shiny or "satin" finish. This is different from the "business" strikes that you see in change etc. The "satin" dies also last about half as long as "normal" dies. Apparently the cost of more dies and collectors complaints has made the Mint make the change. Maybe they're getting the hint???
Too bad, the satin-finish presidential dollars in the coin/spouse medal sets looked pretty sharp. However, the end of the satin-finish coin rumor has been floating around for at least 3 years now. Is it really true this time?
By the way, WHEN are the 5 oz silver coins going to go on sale? The year is almost over, and the Mint wants to sell them one at a time. If they don't hurry up, they will have to sell them only 1 week apart! What's the point?
I'm also curious to know what rip-off "premium" to the authorized purchasers they are going to arrive at? I really want to have a ballpark idea what these coins are going to cost. It would have been a lot better (for us, anyway) if the coins would have started selling when silver was "only" $18/oz. Now the silver value alone in the coins has risen about $32.50 since then.
I also plan on collecting all of the 5oz ATB bullion. My expectations are high that the detail in the coin will look real nice. I'm hoping some people will post pictures of them up on eBay to show them off before I buy some from a dealer like APMEX. I really hope they look good.
Sucker
Hey Mr. "I'm planning on collecting all of the wonderful 5oz ATB silver bullion", you wouldn't by chance be trying to drum up some enthusiam so you can try to flip yours? Didn't think so, cause doubt many will (on purpose) be enthusiastic about this dud of an idea.
FYI: If you take detail of a quarter (Q) and blow it up to large size (L), the detail will be at best (Q)/(L). Don't foolishly think there will be detail on a 5oz that is not already on the quarter.
P.T. Barnum would love you!
I bought a 4-piece American Gold Eagle Set. What a dud. Now I'm afraid that I'm going to lose money from it. Gold hasn't gone up much and the set don't seem to be much in demand.
And prices on eBay for comparable sets don't seem to be that high either.
What a big mistake listening to the coin flippers on this blog....
What blog were you reading? I didn't read anything on this site saying that the AGE set was a sure-fire winner. They've only been on sale for barely two weeks and aren't even sold out. Sounds like you did your research after you made the purchase. Have a little patience.
YEA, NO PRICE INCREASE THIS WEEK!!! More time to decide what to do about proof AGEs and first spouse purchases.
Strengthening of US Dollar causing gold to plummet!
Chinese Yuan weakens, so gold is more expensive for Chinese and less for us, wahoo!
Maybe the Chinese won't be able to afford gold anymore and stop buying it to keep the prices lower for us!
Holy cow, rescued by the Wednesday PM fix! What were the chances?
I'll bet the Mint is grinding their teeth over that one! So close, and yet so far! :)
Yeah, right. Today is Tuesday! There's still time for a rebound, as the average is still in the next higher tier!
shorting gold and silver = money in the bank (atleast for me) $_$
Only fools would short gold and silver! Quantitative Easing is coming - and since incumbents do not want the US printing press to be an issue in the midterm elections, QE will occur right after the November midterm elections. And then those who recklessly short gold and silver will lose big time, and they will be the whiners who go running to the Obama administration for a bailout! "Help me please Mr. President, I lost all my money to smart people who longed gold and silver, when I shorted the market, take all their profits and redistribute their profits to me - boo hoo for me..."
Amen to that
Don't short gold and silver? what? I cant hear you... the money im making from shorting gold and silver is making too much noise right now.
I didn't say I am shorting gold and silver long term (i'm not), but short term they have been very overbought and so if you hadn't gone short by today - you're the fool.
How smart are you, since it sounds like you only know how to make money when prices go up?! lol... sucker. cha ching!
I am keeping my coins for 30 more years. But that is my opinion only.
Good luck ,
Just wondering, is/will there be a 'Release Event' for the Lincoln dollar coin? I'd think it would be a big hit!5685
So no price increase for gold tomorrow?
Thanks,
Joe
@ 8:16 a.m. --
Care to share your exit point for your gold short so that we can all laugh at your upcoming anhilation?? better get out quick is all i can say LOL
When do the new sales figures
come out?
I find it amusing that anonymous bloggers come onto this site to brag about their supposed superior market knowledge. Like we're all impressed that some can use the words short, long and gold in the same sentence. Maybe these anonymous people should go to a Morgan Stanley blog where one person will care.
Responses to some questions-
"Just wondering, is/will there be a 'Release Event' for the Lincoln dollar coin?"
There have been release ceremonies held for every Presidential Dollar except one, so a ceremony for Lincoln is almost certain. No details on where it will be held, but I would guess Illinois or Washington DC.
"So no price increase for gold tomorrow?"
It will depend on the Wednesday PM Fix price. If it is below 1350, then no price increase. That's where gold is right now, but tomorrow who knows...
"When do the new sales figures
come out?"
Haven't received this weeks report yet. I will have a new post and link to the figures as soon as I have them.
I have the first 3 spouse liberties and have held off on the Buchanan because of it's price. If the price of gold declines over the next few years then I will buy it, if not, oh well. I like the liberty spouse coins very much, but I have not bought any gold coins in a while, the price of gold will eventually come down but how long that takes is anyones guess.
I also like the America the Beautiful bullion quarters 5oz coins but collecting them all seems like a waist to me. I will buy the ones that I like the best from each year. This year seems like maybe Yosemite and Mt. Hood but have to see what they look like. I don't really care for the other designs of this years quarters much. As one person said, these coins are going to be big, I don't really want too many of them. Cheers.
Ha Ha, Mint will probably get burned on their own policy as the London fix ave will be above $1350, but good chance Wed PM fix tommorow morning will be under $1350. I personally seriously doubt the dollar is in for a rally for more than a day or two, so gold will likely jump up soon again. Not only are the Indians and Chinese buying up gold, more "average Joe" Americans are too.
The Buchanan Liberty will have total production at max of 37.5% of the Jefferson Liberty and not too much more than the Van Buren and Jackson so....
There is no way the Buchanan Liberty will ever sell for less than the Mint currently sells them for (unless gold falls to maybe $500/oz). Don't kid yourself!
"I find it amusing that anonymous bloggers come onto this site to brag about their supposed superior market knowledge"
Amazing isn't it! The most money I have made from coins (which I sold during "hard" times) has come from inadvertent spur-of-the-moment purchases, and NOT from premediated-calculated strategic decisions which these folks seem to advocate. In any case I purchase most of my coins to collect for reasons of appeal, art, history, theme, and technology.
Right On!!
I beg to differ. I had no intention of buying a '10 Plat proof until this blog/ Michael told of a price drop after the first week of offering by $100. Now spot is still not far off from what I paid for my "strategic" buy.
Thanks Mint Blog!
I now am convinced to not buy the large ATB silver rounds (for investing) thanks to the blogging input after checking some facts/ nimbers myself. Thanks again Mint Blog!
Collect what you like.... It is a hobby first and an investment second ( for us non-flippers) Who cares what the gold or silver trend was last week or this week.
I would'nt mind having that Proof Liberty Subset with the 4 coin box on Michaels U.S. Auction list, but I don't know, Gold is still really high, and so are those Jackson,VanBuren premiums. But then-again Gold may go straight back up soon. It could be worth something later when the Spouse program ends, decisions, decisions...
I'd take the Unc. subset if he had one. I can't believe those coins once sold for 629.00 or so just a year ago !
POP..POP
Post a Comment
Subscribe to Post Comments [Atom]
<< Home