Quick US Mint Updates
There are a few recent developments related to US Mint coins that I wanted to briefly write about before resuming coverage of the survey. The sales figures for the US Mint's first 2011 numismatic product have been published, silver bullion sales have started the year on a record pace, and another 2010 product has sold out.
2011 Proof Set Sales
The US Mint began sales of the 2011 Proof Set on January 11, 2011. This was more than six months earlier than the start of sales for last year's annual proof set and before the offering of any separate component sets. The product price was $31.95 per set, the same price as last year.
Through January 16, the US Mint recorded sales of 253,144 sets. This represents a drop of about 15% from the opening sales figures for the 2010 Proof Set, and a drop of more than 40% from the opening figures for the 2009 Proof Set.
See the US Mint's full weekly numismatic sales report.
Silver Eagle Bullion Sales
For the month to date, the US Mint has already sold 4,588,000 ounces worth of American Silver Eagle bullion coins. This amount already exceeds the previous record monthly sales total of 4,260,000 set in November 2010. The amount also happens to exceed the annual sales totals for three separate years of the program.
The US Mint began accepting orders for 2011 Silver Eagle bullion coins on January 3, 2011. At this time, 2010-dated coins remained within inventory, so AP's were required to take one 2010 coin for every four 2011 coins ordered. Orders were initially and continue to be subject to the US Mint's allocation (rationing) program.
2010 Kennedy Half Dollar Bags
The US Mint has now sold out of the 2010 Kennedy Half Dollar 200-coin bags. These bags contain 100 coins each from the Philadelphia and Denver Mints and originally went on sale January 29, 2010.
The two roll sets, containing one 20-coin roll from each mint, still remain available for sale.
Since the half dollar is not minted for circulation, the US Mint's numismatic bags and rolls are the only way to get circulation strike 2010 Kennedy Half Dollars. Based on US Mint production figures, there were 1.7 million haves struck at the Denver Mint and 1.8 million struck at the Philadelphia Mint.
Bags and rolls of 2011 Kennedy Half Dollars will go on sale February 15, 2011.
A New Contributor for Coin Update News
Lastly, I wanted to mention a new contributor for Coin Update News. Erik Schefler will be conducting interviews with various dealers and figures in numismatics. His first interview with Daniel Carr, designer of the New York and Rhode Island State Quarters was published today.
Coin Update News: Daniel Carr Interview
Labels: US Mint