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Friday, March 25, 2011

2011 Native American Dollar Rolls


The next US Mint product to go on sale will be the 2011 Native American Dollar Rolls. Sales will begin on March 28, 2011 at 12:00 Noon ET.

The reverse design of the 2011 Native American Dollar represents the initiation of the first written peace alliance between the Wampanoag Tribe and European settlers with a depiction of the hands of the Massasoit and Governor John Carver exchanging the ceremonial peace pipe. The obverse of the coin features the depiction of Sacagawea and child introduced in 2000 and used for the Sacagawea Dollar series.

The US Mint will offer 25-coin rolls from either the Philadelphia or Denver Mint facility. The coins are packaged in wrappers bearing the US Mint logo along with the date, mint mark, and face value. Each roll is priced at $39.95 plus applicable shipping and handling. This reflects a $4 per roll increase from the pricing effective for last year's issue.

One week ago, the US Mint began selling 2011 Native American Dollars through the Direct Ship Program. This program allows the coins to be ordered in boxes of 250 at face value with no charge for shipping.

While personally, I would opt for the Direct Ship coins available at face value, the US Mint continues to sell a relatively high number of the numismatic rolls, priced at a premium. For the 2010 Native American Dollar numismatic rolls, sales have reached 39,138 Philadelphia rolls and 38,818 Denver rolls.

The arguable benefits of the numismatic rolls are availability in smaller quantities (lower pricing point), the ability to select a specific mint mark, and the US Mint's custom wrapper, which sometimes yields a premium on the secondary market.

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7 Comments:

At March 25, 2011 at 7:57 AM , Anonymous Anonymous said...

The US Mint should give the profits from these rolls to the Native Indians. After all the mint has profited from their images for over a century. We shouldn't just mint "PEACE" coins, we should practice peace as a nation. We are in four wars now. Let's walk the talk.

 
At March 25, 2011 at 8:07 AM , Anonymous Anonymous said...

Direct Ship is the MUCH BETTER option. That's what I did.

 
At March 25, 2011 at 8:29 AM , Anonymous Anonymous said...

Direct Ship is the only way to go in my book. You can eventually get both Mint marks through the program, and as long as you buy the coins in the same amount as what you would ordinarily charge on your credit card anyway, the price point really doesn't matter either. You just spend the coins for your other purchases instead of charging other things on your credit card. Win-win.

I still don't think the coins circulate, though. I've NEVER seen a cashier handing any out as change to customers. When I spend them, they usually just lift up the cash tray and put them underneath. I'm pretty sure those coins are just deposited in their daily bank deposit(s) anyway.

As long as paper dollar bills are an option, the coins WON'T circulate. It's been said time and again.

 
At March 25, 2011 at 10:26 AM , Anonymous Anonymous said...

How do you know which mint the rolls are from when opting for the direct ship? Isn't the mint mark on the edge??

 
At March 25, 2011 at 11:01 AM , Anonymous Anonymous said...

Yeah, it is. The only way to tell which Mint mark you've got from a Direct Ship box is to open one of the rolls. My past experience is that whatever Mint mark one roll has, the entire $250 box has that same Mint mark.

 
At March 25, 2011 at 1:54 PM , Anonymous Anonymous said...

the premium of those u s mint custom wrapped rolls will soon go down to that of mint direct ship rolls. or rolls obtain from the banks. just check the westward nickel rolls. all were near face value. and if you want to sell to the dealers. either face value or no buyer at all.
don't fool us again.

 
At March 30, 2011 at 2:48 PM , Blogger Connor said...

we should make coins on something else for once we always do

indians
presidents
commeritives
wars

 

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