Andrew Johnson Presidential Dollar Rolls
Today February 23, 2011 at 12:00 Noon ET, the United States Mint will begin sales of the Andrew Johnson Presidential Dollar Rolls. This will represents the 17th issue in the ongoing Presidential Dollars series.
The Andrew Johnson Dollars were already released into circulation on February 17. This represents a change from the typical procedure, whereby the US Mint has coordinated the release date for numismatic rolls with the official circulation release date.
The obverse of the coin features a portrait of Andrew Johnson designed and sculpted by Don Everhart. The inscriptions include "Andrew Johnson", "In God We Trust", "17th President", and "1865-1869". On a reverse is an image of the Statue of Liberty also designed by Everhart with the inscriptions "United States of America" and "$1". Incused edge lettering includes the date, mint mark, and "E Pluribus Unum".
Rolls offered by the Mint will contain 25 coins from either the Philadelphia or Denver Mint. The design of the wrapper has changed from previous releases, following the US Mint's newly adopted branding.
The rolls are priced at $39.95 each, which represents a $4 increase from last year's releases. Prices have been increased for nearly all 2011 numismatic products.
Sales of the US Mint's Presidential Dollar Rolls have been in a general downtrend for the past several years, with the notable exception of the release featuring Abraham Lincoln. It seems fairly likely that the downtrend will resume with the release of the Andrew Johnson Presidential Dollar rolls.
The series seems to be continuing to experience some collector attrition, the price increase may serve as an additional deterrent, and some collectors might be willing to wait and see if this issue is eventually added to the Direct Ship Program. The US Mint recently made all of the 2010 releases available through the program, which allows the coins to be purchased in quantities of $250 at face value. The Millard Fillmore Direct Ship Dollars are already shown as no longer available.
Coin Update News: US Mint Sales Report
Labels: Presidential Dollars