2011 America the Beautiful Quarters Uncirculated Coin Set
The United States Mint will begin sales of the 2011 America the Beautiful Quarters Uncirculated Coin Set tomorrow, April 19, 2011 at 12:00 Noon ET. This is one of several separate sets developed for the new quarter program.
The 2011 America the Beautiful Quarters feature: Gettysburg National Military Park, Glacier National Park, Olympic National Park, Vicksburg National Military Park, and Chickasaw National Recreation Area.The upcoming set includes uncirculated versions of the 2011 quarters minted at Philadelphia and Denver. The ten-coin set is priced at $21.95, which remains unchanged from the price of last year's set.
The US Mint indicates that the coins included in this set feature a "brilliant uncirculated finish." This seems to be the same "brilliant finish" that was recently adopted for the 2011 Uncircualted Mint Set.
Last year, the 2010 ATB Uncirculated Coin Set included coins with the "satin finish." Since this set went on sale November 23, 2010, the US Mint has recorded sales of 24,553 units. The product continues to remain available for sale.
2011 Silver Proof Sets
Earlier today, the US Mint suspended sales of the 2011 Silver Proof Set and 2011 America the Beautiful Quarters Silver Proof Set. On Friday, I had mentioned such a possibility, as the price of silver exceed $42 per ounce.
In order to adjust prices for products not included under the US Mint's gold and platinum numismatic pricing policy, new prices must be published in the Federal Register. This process can take several weeks, during which time sales are suspended.
posted by Mint News Blog @ 11:43 AM
33 Comments:
Michael,
After I read your article on Friday, I immediately purchased 3 siler quarter sets and 3 regular silver proof sets. As always, thank you for the timely information.
TMM
THE US MINT HAS TAKEN THE COMMENT OFF THEIR WEB SITE THAT THEY WILL BE OFFERING FOR SALE IN THE FALL THE 2011 UNC SILVER EAGLES
Thanks for the info on Friday. I got my two silver sets before the suspension. I was actually thinking they might go down in price later in the year but I figured I should get them now before they get any higher. I wish the mint would put out the Silver Eagle Proofs now because the way this metal market is going it may cost $100.00 just for one. Anybody remember $29.95?
Yeah, I remember $29.95 for proof silver eagles. Even then it was still a tremendous mark-up over the metal value. But it looks pretty good today!
It's kind of like the price of gasoline. The first time it hit $2.099 a gallon, I was HORRIFIED. Now, I'd pay that with a big smile on my face the entire time I was filling up the tank. It all depends on from which direction you're approaching the number! :)
I purchased gas for $1.34 in 2009 in the Denver area. Remember complaining when gas hit $1. I was paying $0.75 typically in New Mexico.
10 clad quarters for $26.90 (with shipping)? El passo.
Lets see...
Each quarter probably costs around 6 cents per quarter for the material alone.
10 quarters x 6 cents = 60 cents. This is a nice hint at their profit margins.
I am really happy that the US Mint is still offering non-silver coin collectibles. I am a collector and enjoy collecting US Mint sets like these.
Michael, when the 2011 ATB quarter sets become available, do you think the US Mint will take down the 2010 sets?
"Michael, when the 2011 ATB quarter sets become available, do you think the US Mint will take down the 2010 sets?"
I think the 2010 sets will remain available. These only went on sale November 23.
"THE US MINT HAS TAKEN THE COMMENT OFF THEIR WEB SITE THAT THEY WILL BE OFFERING FOR SALE IN THE FALL THE 2011 UNC SILVER EAGLES"
The statement is still there when I look at the page.
http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?catalogId=10001&storeId=10001&categoryId=13738&langId=-1&parent_category_rn=10191&top_category=10191
Man, I am glad I ordered 4 Silver Quarter Sets Sunday evening. Maybe I should have pulled the trigger on more, but with the FS coins going up so fast in price, I need the funds for those. Trying to keep that Proof Set going. But it is getting costly.
I'm trying to keep one proof and two unc First Spouse sets going. Talk about costly!
This very well could be the year that I have to abandon another set (like I did my second proof set after 2008.) I hate to do it, but how much more money can I sink into this? I really wanted to have an extra complete set of uncs at the end, but then I would not have even one complete set of proofs. Sigh.
Does anyone actually know why the Mint marks up the cost of the uncirc sets so much above the cost of the base metals in the coins? Does it really cost them that much to strike BU coins?
Nick
Non-PM sets are truly for the collector (not the investor or flipper) as they usually lose value. I have some nice clad UC 2000 sets that I could sell on ebay for $7 each.
Mint sells packaging for mark-up.
Good news is that total cost of this "junk" usually will not break the bank.
I predict that the Hot Springs 5 oz. "P" numismatic coin will be a secondary market loser. It will be able to make some mark-ups right off the bat after the inevitable first-day sellout, but will sink like a lead boot shortly after. Flippers had better unload them QUICK, and be satisfied with what they get.
Sure, if the price of silver continues to rise then there will be some protection there. However, a mintage of 27,000, while small for a silver coin, is not THAT rare these days. Remember, the 2007 First Spouse coins had 20,000 of each finish, and they are only worth melt value today. They still make money for those who bought them from the Mint (courtesy of much cheaper gold, hence a much cheaper Mint issue price) back then. But that is not guaranteed this time around.
Be smart! You might want to let your brothers, sisters, aunts, uncles, Fido and Fluffy pass on these! :)
Nice try, I'm not bite'n on that.
I think it will be the most sought after piece in the series.
You keep dreaming!
Yeah. Hot Springs will be a loser. Everyone don't buy. Maybe they will lift purchase limits and the rest off us can order unlimited. HA HA
9:21 am:
I'm not planning on selling mine, but I disagree with you. The numismatic 5oz is much more desirable than the say Martha Washington first spouse. Martha had a total mintage of 40k and she is not nice looking at. The 5 oz size is very rare. I guarantee the 5oz UC70 will be worth maybe $1000 or more.
I hope PCGS changes the holders fast or they will quickly lose market share to the far superior NGC holders.
It cracks me up that a blogger said he didn't care that he couldn't read the 0.999 5 oz silver etched on the side of the coin since he "knew it was there". NGC has an awesome slab to see the entire "suspended" coin. I prefer the PCGS holders over the old NGC holders, but come on PCGS!, make a new slab for the big coins. The edges are too wide to be hidden/obscured in your holders! I would stay away from any current PCGS 5oz holders (much prefer raw 5oz than the PCGS slab).
I'm looking forward to my 5oz numismatic coin and KNOW it will keep a nice premium forever (unless Trump becomes president and silver tanks because we have a strong country/ dollar again...nah that won't happen).
MR ALL CAPS who has been having a dialogue with himself- Can you please stop?
Sorry to burst everyone's bubble.
You all have heard Hans Christian Anderson's "Emperor's New Clothes"? Came out in the early 19th century?
I've been collecting coins for 40 years and the reverse proof ain't all that!
Look at a ASE proof next to the reverse proof (side by side) and you must convince yourself that the reverse proof is something special. The "vanilla" proof is much more dramatic and pleasing to the eye than the reverse proof.
Yes, I bought some (and will not sell mine) due to my knowledge that it will command premiums, but it is not an eye popper at all. Why don't we just admit it, and stop pretending it is something that it is not.
I'm in for the numismatic ATBs.
Too bad we can't have a subscription with a one/household limit to free ourselves from the insanity, but I guess I'll have to deal. I really think it will not sell out within the first day of offering, but I may be wrong.
Also, don't be surprised if the Mint changes their mind and raises the price to over $300 now that silver keeps going up. Maybe the offering day will be delayed since they can't seem to change silver pricing for weeks on end...
I'm telling ya, unless you want it for yourself and want to commit to an additional $1,500+ per year for your coin collection, DUMP the Hot Springs "P" coins QUICK! With the tremendous number of them hitting the market immediately after the Mint sellout, prices will drop by the day, even the hour. If you're not careful, the fees will make you end up taking a LOSS on it!
If you have faith and don't mind sitting on that much money if prices go south, hold on to it and see what happens. Me, I'll be dumping mine for whatever I can get on day one!
Anon 11:28, don't worry about taking a loss on it. I'll buy it from you for whatever you paid (as long as you don't put it in a PCGS holder).
This UNC quaters set cost 21.95.Use your head and get the complete UNC set for 10.00 more dollars.
Anon 11:28. Yes, I want one for myself. Sure, I'll commit an additional 1500.+ for my collection. Some here on this blog actually enjoy collecting and enjoy the hunt for those coins we desire. We also enjoy & appreciate Mint News Blog for timely, interesting Mint News. I for one don't enjoy your misguided/deceptive flippin' advice. Maybe an ebay forum would suit you better.
I enjoy collecting coins too, and I also enjoy the blog. I'm not averse to making some money off my hobby, though. I'm sure many others here are not either, if they have the means.
My advice is not "misguided" or "deceptive". It's truly what I believe will happen. If it doesn't, then it will mean I was wrong.
I think tomorrow may be the day when gold (for the first time ever on the planet as far as I know) crosses over $1500.
This should make headlines in the papers!
According to KITCO, gold hit $1500.80 today.
TMM
Michael,
Any guess on new pricing for the 2010 and 2011 silver sets?
Anonymous @ April 19, 2011 11:28 AM -
I wonder why you keep bashing the US Mint's Hot Springs P coin.
How many sets of dealer's ATB 5 ounce bullion coins do you have... hmmmmm?
Excellent advice to get the whole Mint set rather than pay $10 less for just the quarters. I may be wrong but weren't last year's quarter sets $10. Why more than double the price? I agree one will never make a dime on these. I just enjoy having some collections for the pure fun (as long as the outlay is minimal). If nothing else, it's a nice set to pass on to a child to get them started.
On the Hot Springs 5 oz, please give it a rest with the advice not to buy!! If you don't want one, don't buy one, and if you think they will do poorly, that's your view, but you will be proven wrong! The ones I personally would skip are the 2011 bullion versions. The AP's can charge whatever they want. Chatanooga is already asking $300 in a Coin World ad. The Mint's 27,000 version will cost almost the same, maybe less than what a lot of AP's will charge for the bullion esp. when silver tops $45 (probably tomorrow!). If nothing else, sell your numismatic versions as silver rises and use the profits for what you want. But there's not much logic to your argument in my humble opinion!
April 19, 2011 6:42 PM
Well Said.
April 19, 2011 6:42 PM
The voice of reason. I agree 100% with you.
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