Mount Hood National Park Quarter Bags and Rolls
The United States Mint begins sales of the Mount Hood National Forest Quarter bags and rolls today November 15, 2010 at 12:00 Noon ET. This coin represents the final release of the year for the America the Beautiful Quarters Program.
Looking back over the program so far, the most predominant sentiment has been frustration over the inability to collect the coins through the channels of circulation. Within national publications, one of the few mentions of the series (besides the initial launch) was in this USA Today article lamenting the fact that the quarters are so hard to find. The article attributes this to the slow economy, but I think the bigger factor is that financial institutions do not have the ability to special order the coins in unmixed quantities.
In one of my own articles on Coin Update, I explained this in further detail along with a list of where to find National Park Quarters.
As covered in the past, the US Mint has created the circulating coin bulk purchase program, perhaps as an attempt to solve the distribution problem. However, because of the $50,000 face value minimum purchase, this program would really only serve to let mass marketers or large scale coin dealers to obtain the coins at low premiums. Average collectors are left with the higher premium numismatic bags and rolls program, which leads us to the current product release.
The 2010 Mount Hood National Park Quarter two roll sets consists of one 40-coin roll from the Philadelphia Mint and one 40-coin roll from the Denver Mint. Coins are packaged in specially designed wrappers which indicate the national site, state abbreviation, mint mark and face value. Each two roll set is priced at $32.95.
Bags containing 100-coins are also available from either the Philadelphia or Denver Mint. Tags denote the date, national site, state abbreviation and face value of the contents. Each bag is priced at $35.95 each.
As with prior offerings, the bags and rolls are intended to remain available for sale from the US Mint for one year following the circulation release date.
Preliminary production figures for the Mount Hood Quarter have not yet been specified by the US Mint. However, the number of coins struck so far can be determined by backing out the known production figures by design from overall quarter production within the latest US Mint coin production figures. As of October 31, 2010, the US Mint had struck 34.4 million coins each at the Philadelphia and Denver mint facilities, for a combined total of 68.8 million. The current total is right around the average production level for the first four designs in the series.
posted by Mint News Blog @ 3:51 AM
35 Comments:
Not allowing banks to order the coins is the worst decision made in this poorly performing coin program.
There are only so many banks I can call, there is only so much time the coins are available before a new one pops up. As a collector, I am supposed to be a target for these coins. But as a smart collector, I am not about to start paying dealers of the Mint up my nose for the privilege of collecting this series.
I have just about made up my mind to skip this series altogether.
Collecting the state quarters was easy at first but became harder as the economy slowed. I live in a small rural area. Collecting the ATB series will be very hard if I couldn't buy them through the mint or e-bay at a huge mark up.
I don't want or care about any of them. There is a "right way and a wrong way" to do things. They continue to choose to go against their collector base. I choose not to buy anymore of their products.
Yeah, I'm not bothering with them either. I don't want them bad enough to pay the mark-ups. Besides, that whole business about resuming mintage of earlier designs to satisfy demand is a big turn-off for me. The Hot Springs D coins weren't doing that well when the mintage was only 29 million, and now that even more were minted several months later they are all but dead. No thanks!
The Mint messed up big time by resuming mintages on the ATB quarters. I was prepared to order several roll and bag sets throughout the entire series. However, with resumed mintages, that went out the door. I'm sure there are alot of collectors who feel the same way. Right now there is no excitement in collecting coins. All surprise sellouts or anticipated releases are non-existent. Can you believe that in the 1930's you could order rolls of any coins, from either Mint, as long as the face value plus all postage was included in your order. The good old days. It's too bad.
Hi, I work for the US Mint. Thank you for mentioning the America the Beautiful Quarters! I thought you might be interested to know that the Mount Hood National Forest quarter launch event is Wednesday, November 17, 2010, at 10:30 am (PT), World Forestry Center, 4033 SW Canyon Road, Portland, OR 97221. The day before, November 16th, there will be a coin forum from 5:30-6:30 at the same location.
yawn....
Jose I hope you convey the nearly unanimous opinions of collectors to your Mint bosses and colleagues about this series and availability of these coins.
The problem is the mint got greedy again, and now people are not going to collect this series no matter what they do.
Hey Jose, if you're still reading the posts here, can you give us any indication of when we might finally have an opportunity to buy some of the 5 oz. silver quarters? I read the Mint wanted to release them one at a time instead of all at once, but they all have to be issued before year-end and that is only a few weeks away. How much longer?
5 oz quarters to be released when silver reaches $30/oz. Almost happened last week. Need just a little help from government deficit/ weakening of dollar. Maybe if we all buy products made in China for the holidays we can help boost up the price of precious metals.
If we were to hear about a "new double die error" coin then all the coin collectors would start scrambling...
Fewer mistakes by the mint means less excitement on the mint blogs.
Might be time to start collecting stamps again since the post office is hurting for funds.
Limited edition gold and silver coin sets will become the most collectable coins of tomorrow.
Goldfingers
Nighty night, sleep tight, don't let bed bugs bite, and someone please get the light. I'm goin' back to bed. Wake me up when something important happens.
Yours truly,
Rip Van Winkle
The reason the Mint has made it hard for us to collect the ATB quarters from our pocket change is because they want us to buy the overpriced circulating ATB quarter sets offered in their catalog. What a surprise.
Watch those silly quarter sets be pulled off-sale on December 31st with paltry sales numbers and become the next LP1 craze!
I'm STILL not taking a chance on them, even though that could theoretically happen.
5oz coins?
We've entered an era of "politically correct" coin mintages. Since the first quarter in the ATB series had a mintage of 70 million each, all subsequent quarters this year must also have a mintage of about 70 million. The same reasoning also applies to the non circulating dollar coins. There is no way in heck they need 70 million per mint per President.
I also stopped buying when they instituted the 'don't worry, we'll make more' approach to low mintage coins. The mint's way of saying you just paid $12 too much for your roll of coins.
Well, I'm getting older by the day, and sometimes I may not be the brightest star in the sky, but I been around the coin collecting / accumulation game for more years than many here are old.
I have been rather lucky in accumulating many of the more valuable coins, sets, and bags when available. Every so often I've latched on to some duds as well. The secret to collecting success is to choose very carefully and not be hoodwinked into buying material from the Mint that has no obvious future. I've posted the following comment here and elsewhere many times and it still rings true. No one should feeled compelled to buy junk from the Mint or anyone else. The current offerings over he last several years have been lackluster junk, not to mention entirely overpriced. I say BOYCOTT the junk and let it sit on warehouse shelves and bins. At some point when the revenues shrink to the level of the American dollar, someone, just maybe, will ask why, and then the (xxx) will hit the fan.
My advice is only spend your money where it's treated best. It sure isn't at the Mint these days. Pity. ~ Grandpa.
Only a politician could afford and appreciate $20 worth of quarters for $32.95.
The Mint should put an authenticity hologram sticker on the wrappers of the rolls sold in the two roll set. Last year, I bought several US Mint wrapped rolls at a coin show. After getting them home, I noticed that the color tint of the wrappers were much different from the rolls I purchased directly from the mint. Several months later, I opened those rolls. I also noted that the paper used for the wrapper was different (computer paper), some of the coins had finger prints, all of the coins had serious problems (sharp digs, measeling, poor centering, longitudinal scratches), and were arranged heads-tails-heads in random. These were rolls that I paid a huge premium for (2000 NH, 2000 SC, 2000 VA). Today, I won't buy the US Mint Wrapped Rolls unless they are still in the sealed white box issued from the Mint.
What a rip off.
Pop, pop, pop,
Now approaching a $100 drop in gold in a week! Wow!
Pop, pop, pop,
Pop, pop, pop,
Pop, pop, pop.....
This drop in the gold price is very refreshing! I hope it continues for a long while. Maybe when the Mary Lincoln coins go on sale in a couple weeks, the average will have fallen enough to price them back down in the $779/$766 tier. One can only hope!
I wish silver would drop back down to $18 like it was last summer. That would teach the Mint to drag their feet in starting sales of the 5 oz. silver quarters! They should have started sales the day silver peaked at $29.38. Too bad for them!
Uh, oh. I saw another pesky little bubble pop fly buzzing around. He thinks he is at a picnic smelling hot apple pie but he is really lost in a pasture smelling hereford pie. His little feet will get all sticky when he lands in it or ends up squashed on a windshield. Take advantage of any price drop because it is only temporary thanks to Helicopter Ben and his money printing machine.
" ... The Mint messed up big time by resuming mintages on the ATB quarters. I was prepared to order several roll and bag sets throughout the entire series. However, with resumed mintages, that went out the door ..." I too was preapred to pull the trigger both finacially and time wise to do so until this happened. Sold what rolls I accumulated at a loss. I am happy with the loss as it will be much less painful than in the future.
This just posted on the Mint's website: NOTICE: We anticipate unusually high demand for the American Eagle Silver Proof Coins, which the United States Mint will make available for sale on November 19, 2010, at noon ET. Because of the high number of customers that we expect to be placing orders during the first few hours of sales, you may experience delays when attempting to order online or through the call center during this period. We apologize for any inconvenience this may cause and appreciate your patience.
Speaking of losses, I'm about ready to just open up my JP2 and JP4 dollar coin rolls (James K. Polk). I bought those hoping for another 30,000 roll sell out and modest quick mark-up, but it obviously was not meant to be.
I bought 5 rolls of each for a total $114.45 premium (including s/h). I'm ready now to just flush that money down the toilet. How stupid could I be?
I also have some Guam bags and roll sets that I'm going to redeem at face value too. Fortunately I sold some of them for a small mark-up and don't have too many left. I'll still end up with a net loss by the time it's over, but not as much as the Polk rolls.
Stupid, stupid, stupid me! I have no faith left in any of the stupid rolls or bags of coins the Mint sells. If there's ever another William Henry Harrison scenario, I won't get to participate in it. It's not worth investing in the plethora of dog meat to luck into that one diamond in the rough!
You're not alone. I bought 30 sets of the Tyler Mint rolls and barely made my money back. I still have some Polk sets as well as Guam bags and rolls, too. Deciding whether to spend them or hang onto them a while more. I'm sure after I sell them, prices will skyrocket. By the way, I flip some coins to further my purchases of other coins.
That's what I try to do, too. The problem is, you can't depend on what appears to be "today's hot items" tomorrow.
Why aren't the sold out 2009 Presidential Dollar & First Spouse Medal Sets for Harrison and Tyler selling for big premiums? According to the Mint sales reports, less than 14,000 Harrisons and less than 10,000 of each Tyler set sold, which is WAY less than any of the 2007 sets. They all still sell for anywhere from $45-$100 each. The 2008 sets still sell for a nice mark-up over the issue prices too, but not as much as the 2007's. No one seems to give a crap at all about the 2009's, and there's supposed to be less of those than the others! The 2008 numbers are unknown, but they don't seem to be too terribly common.
Why do the 2009's often sell for chump change, when people still pay nice premiums for the earlier pieces in the series and they sold more units? Are the sales numbers way wrong (as in understated?)
Here's the lesson learned from 2009. The 2009 NF String & Sons nickel and dime rolls that I purchased in late 2009 can now be sold for a nice profit. The coins individually graded in PCGS MS-67 bring $150+ each. As for all of the quarter, half dollar, and dollar rolls I purchased from the Mint in 2009; I don't have enough reasons to do anything with them - since they are duds. I may just set those free. As for the 2009 Lincoln LP1 sets that I purchased from the Mint; I will keep those forever.
Ha-ha-ha! Just in time for Holiday and other occassion gift giving, direct from the Mint. Their website is offering 3 handy-dandy cardboard sleeves which you can purchase for $4.95 + $4,95 shipping that contain pre-printed messages such as; Merry Christmas, Happy Birthday, etc. These are slipped over the already overpriced annual coin sets that they also sell at outrageous premiums. LOL. Imagine, what a novel idea.....cardboard sleeves for people who can't spell "Happy Birthday" or have basic intelligence to paper wrap a gift!
And you thought the genius's at the Mint were not thinking of you! Geez, even Walmart gives you holiday paper to wrap the garbage they sell, if you ask at customer service- free! LOL, boy I really needed that. ~ Grandpa.
Must be rewriting pricing grid it
won't come up.
Concerning the Mt. Hood quarters, for whatever reason, Ebay rolls have sold for under $11.00 plus shipping. Several rolls, double canceled from the release event this week, had only one bidder at opening bid of $9.99 plus shipping of $5.00.
wow i found a mount hood coin in my lunch money :) so hahaha :)
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