Mint News Blog

News, Information, and Commentary on US Mint Products

Wednesday, May 18, 2011

Ulysses S. Grant Presidential Dollar Rolls

The United States Mint will begin sales of the Ulysses S. Grant Presidential Dollar Rolls on May 19, 2011 at 12:00 Noon ET. This will represent the 18th release of the Presidential $1 Coin Program.
The obverse of the coin features a portrait of the former President, along with inscriptions indicating the order of the Presidency, years of the term, and the motto "In God We Trust". The reverse features an image of the Statue of Liberty that has been used in common for each release of the series. Both the obverse and reverse were designed by Don Everhart.

The US Mint will offer 25-coin rolls from either the Philadelphia or Denver mint facility. The wrappers will display the name of the President, mint mark, and the face value. Each roll is priced at $39.95 plus applicable shipping and handling.

May 19 will also mark the official circulation release date for the Ulysses S. Grant Presidential Dollars. As with previous issues of the series, the Federal Reserve Banks provided financial institutions with a special order period, during which unmixed quantities of the new design may be ordered. Until June 2, financial institutions can order $1,000 boxes or $2,000 bags of the coins for distribution to their customers. If you can find a bank that routinely orders the new Presidential Dollars, you can obtain rolls of the Ulysses S. Grant Dollars for face value.

Also on May 19, the US Mint will hold a launch ceremony for the new coins at the Ulysses S. Grant National Historic Site at 7400 Grant Road in St. Louis, Missouri. The ceremony will begin at 2:00 PM CT and will be open to the public. Following the ceremony, there will be a coin exchange with rolls available at face value.

One final note. Tomorrow might mark the end of sales for the Franklin Pierce Presidential Dollar Rolls. In February when sales of the Andrew Johnson Presidential Dollar Rolls began, the US Mint ended sales of the Millard Fillmore rolls. During the course of the program, the sales start and end dates for numismatic rolls have varied. Some rolls have remained available for years, others for months, and some for about a year until the corresponding issue of the following year was released. The US Mint may be adopting the latter policy once again.
Coin Update News:
Initial Sales for Yellowstone Five Ounce Uncirculated Coins

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27 Comments:

At May 18, 2011 at 1:55 PM , Anonymous Anonymous said...

Not much interest in these ??? I will not be buying more overpriced items.

 
At May 18, 2011 at 2:15 PM , Anonymous Anonymous said...

Hello Michael,

Do you know the first day sales numbers for the Yosemite "P" 5 ounce silver coins?

 
At May 18, 2011 at 2:18 PM , Anonymous Anonymous said...

Does anyone know what happens to these dollars? I mean they mint millions of them but I have yet to see one in circulation. Do they just sit in a vault like the old Morgan dollars did?

 
At May 18, 2011 at 2:22 PM , Blogger xxxbadapple said...

I stopped collecting them.. if they were silver I would have continued to collect them. I may get a few more like teddy etc

 
At May 18, 2011 at 2:38 PM , Blogger Mint News Blog said...

"Does anyone know what happens to these dollars?"

Federal Reserve vaults have more than $1 billion of them. The US Mint is required to keep minting them, since Federal Reserve Banks are required to keep ordering them.

http://www.washingtonpost.com/wp-dyn/content/article/2010/08/19/AR2010081905459.html

 
At May 18, 2011 at 2:39 PM , Blogger Mint News Blog said...

"Do you know the first day sales numbers for the Yosemite "P" 5 ounce silver coins?"

Just got the numbers:

http://news.coinupdate.com/brisk-sales-for-yellowstone-five-ounce-silver-uncirculated-coins-0836/

 
At May 18, 2011 at 3:07 PM , Anonymous Anonymous said...

Wow. Goes to show that the "experts" on this blog really need to look at the facts before making a statement.
--------------------------
Sales of the 2010-P Yellowstone National Park Five Ounce Silver Uncirculated Coins..... The United States Mint began accepting orders yesterday, May 17 at 12:00 Noon ET. By the end of the day, total sales had reached 18,143 out of the 27,000 total mintage.

 
At May 18, 2011 at 4:04 PM , Anonymous Anonymous said...

Love 'em. Will grab $100 worth from Chase. Love the look when I pay people with these coins for coffee, etc.

 
At May 18, 2011 at 4:25 PM , Anonymous Anonymous said...

Maybe the next 5oz will slow down a little. Maybe only 15K the first day.

 
At May 18, 2011 at 4:27 PM , Anonymous Anonymous said...

Grants just plain cool. I will try to get some rolls from the bank.

 
At May 18, 2011 at 4:31 PM , Anonymous Anonymous said...

I quit collecting silver proof sets because of these presidential dollars. They just contaminate the set in my opinion. Now as far as using them for circulating currency I am okay with that but we will have to get rid of the folding dolla bill first.

FYI, Hugo Salinas Price, who is the Bill Gates of Mexico in terms of business power, says Mexico is likely to have silver coins in circulation later this year. What a breath of fresh air from our southern neighbor. The interview and his short biography is on King World News. This is primarily a metal oriented news service at: http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/5/18_Hugo_Salinas_Price.html

 
At May 18, 2011 at 6:02 PM , Anonymous Anonymous said...

Does anyone know what happens to these dollars? I mean they mint millions of them but I have yet to see one in circulation. Do they just sit in a vault like the old Morgan dollars did?


I read a news before that they send millions of them some place that currency wasn't stable and are using U.S. Dollar as their main currency like Panama,Ecuador,El Salvador and Zimbabwe

LCC

 
At May 18, 2011 at 6:12 PM , Anonymous Anonymous said...

I Stop collecting this also, if it cointain 10 cents or 25 cents worth of silver then yeah I would buy more, or at least make it 100% copper then I'll would buy in every week.

If they make this 100% copper, its copper content is still less then a dollar so why not the mint make it 100% copper. I'll bet people will love them like silver

 
At May 18, 2011 at 7:41 PM , Anonymous Anonymous said...

These coins are used to make change at the ticket machines seen at LIRR train stations. They turn brown and real ugly once they start getting handled. They ARE cool when they are new and almost look like er...gold!
I look forward to JFK and some of the more recent presidents that I was able to see on TV.

 
At May 19, 2011 at 1:04 AM , Anonymous Anonymous said...

I love the US Grant coin. I will add this one to my collection.

 
At May 19, 2011 at 2:28 AM , Anonymous Anonymous said...

Grant looks bad a#@. I would love to collect these as proofs, but it would be much better if they were only available in one option vs three. A little additional scarcity would make them more desirable.

 
At May 19, 2011 at 2:40 AM , Anonymous Anonymous said...

Does the mint has product that is ready to ship?

I ordered few item and all different transaction just to make it faster to be ship but no they all turn out backordered even the $1 coin direct ship (N05) supposedly available for shipping 5/18 and after few hours I order it went to backorder to 6/03. I don't what mint doing.
From my last order # from the mint compare to the 1st order of ATB it over the 27k 375108XX

 
At May 19, 2011 at 4:39 AM , Anonymous vettesnfrets said...

"Does anyone know what happens to these dollars?"


Ecuador, they've been on US currency since 2000.

 
At May 19, 2011 at 4:51 AM , Anonymous Anonymous said...

They already stopped the direct shipment for the Lincoln coins – the only one I have even thought about picking up.

 
At May 19, 2011 at 5:55 AM , Anonymous Anonymous said...

Let's look at these presidential coins a little closer. Grant led the Union troops during the Civil War. From what I read Grant wasn't one of the succesful presidents, not able to pull the economy out of the chaos it entered when The Civil War ended ... during his term though, the 15the Amendment to the Constitution was ratified which gave men the right to vote.

This may be one of the coins to buy - I think a lot of us missed the boat with Harrison.

 
At May 19, 2011 at 7:06 AM , Blogger Andrew said...

I was buying about 4-5 rolls at face value from my local bank, but recently I turned in some of them and now just keeping about two rolls a piece. I used the money I had and bought the silver 5 oz ATB bullion set. Much better idea :)

 
At May 19, 2011 at 8:01 AM , Anonymous JA said...

I have been collecting about 5 rolls since Washington in 2007 but I am starting to get 'collection exhaustion' forking over that much money; even if I do get them at face value from my bank.

I am going to have to think long and hard whether to continue doing this or not.

 
At May 19, 2011 at 2:30 PM , Anonymous Anonymous said...

JA,

It sounds to me like you are buying your president rolls out of a sense of obligation now, instead of for fun.

It's my personal opinion that rolls of these coins will never be worth much of a premium over face value, if at all.

However, if you cash them in now and use the money to buy some silver during this price dip, you will likely be putting the money to much better use. At least you will have something that will always have some value no matter what, while tying up hundreds of dollars in president rolls will likely make you little to nothing. Even putting that money in an interest-bearing bank account at today's laughable rates would make you more than the coins will, I'm sad to say.

 
At May 20, 2011 at 3:28 AM , Anonymous Anonymous said...

Hot Springs 5oz sold out...finally!

 
At May 20, 2011 at 8:07 AM , Anonymous JA said...

@May 19, 2011 2:30 PM

I was initially looking to collect the entire Presidential series and look to selling entire sets of all the Presidents on EBay.
But as I said before, I'm facing collection exhaustion at this point.
With only 5 years to go and 4 behind us, I'm not sure I want to continue doing this.

 
At May 21, 2011 at 6:36 AM , Anonymous Anonymous said...

I buy tons of dollar coins but I only save 1 or 2 of each president and spend the rest. Might be a little different with Grant though, seeing as how we share the same name. (Well actually his last name is my first). I personally love the presidential dollar series but not for collecting but for commerce. Since I'm almost completely cash only (I keep a card around for large purchases and online shopping) these coins are perfect and are extremely convenient. Its sad that the rest of the public fails to see how usable and convenient they actually are.

 
At May 22, 2011 at 2:02 PM , Anonymous Anonymous said...

I am a frequent reader of this blog but an infrequent poster as I think I have more to learn than offer.

I was collecting the presidential dollars from the get-go. Now I find myself trying to pare back a bit and I find there is no market whatsoever for some of the vintage 2008 and 2009 coins (excluding WHH). So here I am - stuck with overpriced current date pocket change.

I just gave up. The Lincoln rolls were the last ones I bought. $40 for $25 is a complete rip off.

Shame on me. I should have stuck to what collecting is all about... buy coins you like for the aesthetics, not investment. Congratulations to the US Mint: They found their bigger fool and it is me!

 

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