Mint News Blog

News, Information, and Commentary on US Mint Products

Tuesday, December 28, 2010

Abraham Lincoln Presidential $1 Coin Cover

The US Mint will release the Abraham Lincoln Presidential Dollar Coin Cover on December 30, 2010 at 12:00 Noon ET. This will represent the final numismatic product release of the year.

The product will follow the same format as the previous releases of the American Presidency $1 Coin Cover series. Two 2010 Abraham Lincoln Presidential Dollars from the first day of mintage at the Philadelphia and Denver Mints will be mounted on an illustrated display card. The 44-cent Flag postage stamp is canceled with the postmark "November 18, 2010, Springfield, IL" representing the official circulation release date.

The sets are priced at $15.95 each and carry a maximum production limit of 37,000. This is 5,000 units greater than the limit set for the other 2010 releases, in anticipation of higher demand for the Lincoln set.

Back when the American Presidency $1 Coin Cover series began in 2007, the production limits were set at 50,000 units and sell outs were achieved for at least the first three releases. Since that time, sales have softened, and the US Mint has dropped the product limits.

So far, the 2010 releases have sold 21,653 (Millard Fillmore), 19,808 (Franklin Pierce), and 17,908 (James Buchanan). It's almost certain that the Abraham Lincoln cover will see higher sales, but a sell out might be difficult to achieve.

Last Opportunity Products

On December 30, 2010 at 3:00 PM ET, the US Mint will conclude sales for three prior year products.

Sales will end for the 2009 District of Columbia & U.S. Territories Quarters Proof Set, which originally went on sale nearly two years ago. To date, sales have reached 635,423. The sets are available at the original price of $14.95 for the six coin set.

The presidential $1 Coin & First Spouse Medal Sets for James K. Polk and Zachary Taylor will also conclude. Each of these sets is priced at $8.95. Last reported sales for the sets are 9,889 (Polk) and 8,746 (Taylor), however the US Mint has not provided updated numbers for these products in several weeks.
Coin Update News: Latest US Mint Sales Report

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9 Comments:

At December 28, 2010 at 12:11 PM , Anonymous Anonymous said...

Did anyone see what the Mint did to the Presidential Dollar Coin Cover design for Andrew Johnson? Go to the subscriptions area and take a look. The "rebranding" new logo redesign made them shrink the portrait down to barely larger than the coin! It looks terrible!

I don't know why they felt the need to add that hideous black bar all accross the bottom of next year's covers, since they old covers did not have the old logo on the front! Why did the Mint feel the need to ruin the look of these covers? The entire series should match!

I was building a set of these, but now that they won't all match and look good together, I think I'll just forget it now. The first 16 have very large, nice-looking portraits, but 17 onward will look nothing like the early ones.

 
At December 28, 2010 at 12:58 PM , Anonymous Anonymous said...

2010 American Eagle One Ounce Silver Proof Coin (PS1)
Price: $45.95
Sold Out

 
At December 28, 2010 at 2:22 PM , Anonymous Anonymous said...

12:11

You should've seen this coming; we've been over how aesthetically awful the new packaging is. Quite honestly I'm amazed there's any portrait on it at all. You expect consistency from the US Mint? One year into ATB quarters and the satin finish is gone. That's an actual coin finish, forget packaging. Gone for your pres tokens as well. The mint couldn't care less about consistency.

 
At December 28, 2010 at 2:26 PM , Anonymous Anonymous said...

So the 2010 Proof Silver Eagle is sold out now, huh? Not that it really matters at this point. Too many of them to make it anything special.

 
At December 28, 2010 at 6:37 PM , Anonymous Anonymous said...

Wanna bet? Hope you salted yours away.

 
At December 29, 2010 at 6:32 AM , Anonymous Anonymous said...

No, actually I didn't buy any at all. I don't regret it either. I own plenty of other silver that was bought at much more reasonable premiums. I just don't see this coin being anything special after the smoke clears. Anyone who bought a lot had better try to unload some now, while people might be reeling from an early sellout.

 
At December 29, 2010 at 12:03 PM , Anonymous Anonymous said...

They may do ok if there are no more made due to the unprecedented demand for bullion that's coming when the general public starts up again--remember 1979-80 ?

 
At December 30, 2010 at 6:02 AM , Anonymous Anonymous said...

Playing catch-up between the holidays. Based on the comments of 12/28 @ 12:11PM, I just finished looking at the Johnson Coin Cover sample on the subscription page.

I certainly hope that this is not the new look for this product. HORRIBLE! Completely and utterly intrusive into the real purpose of the product. Seriously, the focus is supposed to be The President and the two coins for the President rather than that damn black bar with the flipping coin.

If the Mint Branding is that important, find a place to put it on the back of the cover - or on the cardboard envelope that holds the coin cover.

Like 12:11 PM, I may reconsider my options with this series.

Michael - could you please ask the question. Does the Mint intend to reconfigure the Coin Covers as shown on the Mint Subscription Page? And onto / into other products - like the $1 Coin and Spouse Medal series? 'Cause that one is very well done, as is. Thanks, and have a very happy New Year!!

 
At December 30, 2010 at 10:53 AM , Anonymous Anonymous said...

Yes, Michael, please find out what you can about this issue and let your contact know that we are not pleased with the coin cover re-design! There is absolutely no need to have that black bar all the way across the bottom and the portrait drastically shrunk like that!

The Mint could simply put the new coin logo with a small black box surrounding it in the bottom right corner. That would allow the portrait to remain the same size as the first 16. Don't you agree that the entire series should match?

 

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