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.
Labels: Other Coins