2011 September 11 National Medals
Today, the United States Mint will begin sales of the 2011 September 11 National Medals. Up to 2 million of the proof quality, one ounce silver medals will be issued.
The designs used for the medal are intended to be "emblematic of the courage, sacrifice, and strength of those individuals who perished in the terrorist attacks of September 11, 2001, the bravery of those who risked their lives to save others that day, and the endurance, resilience, and hope of those who survived."As covered in a previous post, the obverse features Liberty holding the Lamp of Remembrance with two beacons of light in the background, while the reverse features an eagle against a background of flowing water. The inscriptions read "Always Remember" and "2001-2011" on the obverse and "Honor Hope" on the reverse. The obverse and reverse were designed by Donna Weaver and sculpted by Phebe Hemphill (obverse) and Joseph Menna (reverse).
The medals are struck in .999 fine silver with a diameter of 40.6 mm and weight of one troy ounce. Production will take place at West Point and Philadelphia, with separate coins available featuring the "W" or "P" mint mark on the reverse.
The authorizing legislation allows the medals to be struck until December 31, 2012 and does not specify a sales ending date. Separately, the US Mint indicated that they would conclude sales in December 2012.
Introductory pricing is $56.95 for each September 11 National Medal, effective from June 20 to August 18, 2011 at 5:00 PM ET. After this time, the price will be $66.95. Orders placed during the introductory period will receive a document showcasing the artwork for the designs. Medals are not expected to begin shipping until September 1, 2011.
All prices reflect a surcharge of $10 per medal, which will be distributed to the National September 11 Memorial & Museum to support operations and maintenance.
There is a greater than typical incentive to order the medals during the introductory period. The price increase after the end of the stated period reflects an increase of $10 per medal. This year's proof commemorative silver dollars, which also had lower introductory pricing, experienced an increase of $5 per coin after the end of the period.
Pricing in general also seems quite low by US Mint standards. The proof commemorative silver dollars, which only contain 0.7736 ounces of silver content, were initially priced at $54.95. This pricing was established on January 3, when the market price of silver was around $30.60.
The upcoming 2011 Proof Silver Eagle, which contains the same silver content as the September 11 Medal, will be priced at $59.95. If you consider the $10 surcharge added to the medal, the Proof Silver Eagles are priced $13 higher.
The relatively lower pricing for the September 11 National Medal may reflect expectations of higher sales volume due to the potential for broad demand. So far, I have not seen too many mainstream mentions of the medals. If the US Mint can get the word out, this is an issue that many members of the general public may want to purchase.
Labels: Commemorative Coins
posted by Mint News Blog @ 9:02 AM
78 Comments:
Mintage limit at 2 million seems a little too high for investment potential?
"Mintage limit at 2 million seems a little too high for investment potential?"
Ya think? Personally I have and will continue to donate directly to 9/11 causes and charities instead of having to buy an overpriced coin of which $10 will be donated by The Mint (we're told.)
There's only one problem with this most recent mint offering:
I DON'T HAVE ANY MONEY LEFT TO BUY IT!!
I've been buying the state park 5 ouncers....enough said
Two million is the maximum mintage limit across both options. If demand is not great, the mintage may be much less. If demand is huge, the limits may not be enough. Either way, it may be worth it.
Revelling in a terrible incident does not equal patriotism. "Never forget" Pearl Harbor, for example, but why commemorate it? I am still at a loss for the rationale.
If I am going to buy all this silver,
I will wait until after June 30. After June 30, you can buy the 2011 September 11 National Medals,the 5 oz P GC ATB, and the proof silver eagles and pay minimum shipping.
Great point 11:57.
It's looking like the 2011-W Gold Eagle 1 oz. uncirculated coin will be the big winner this year. I can see the Mint simply ending sales of that coin once it finally reaches 5,000 units due to slow sales. There is no obligation to mint any specific number, and the Mint might interpret slow sales as a lack of demand. It seems perfectly plausible that the Mint will end sales early and source those blanks to the bullion coins.
I plan to back this thought up with my wallet, too. Can you imagine the frenzy over a 1 oz. Gold Eagle coin with a mintage of only 5,000? It would easily be a money-doubler.
Ordered 1 of each at 12:14 today.
"To each their own".
Shipping is in Sept? Lots of time!
There's plenty of time to order- through late 2012- but the introductory period ends August 18.
Best to order before then to get the $10 discount.
I will get one, maybe both 9/11 medals. They should advertise on TV and major newspapers.
Re: the 2011 W one ounce gold. I was going to skip because of the cost esp. with all the other coins this year, but now I am going to see if gold dips a little maybe at the end of the month/early July with end of QE2, and will try to get one. Problem is I also want the Julia Grant, and it is just all too much!! Time to sell more stocks and buy more coins!
I suspect the Medals will sell out by August. There is no ordering limit. Won't the dealers and HSN scoop them all up?
It is more likely that silver will spike upward, and the Mint will remove them from sale earlier than expected.
"Personally I have and will continue to donate directly to 9/11 causes and charities instead of having to buy an overpriced coin of which $10 will be donated by The Mint (we're told.)"
Amen.
I'm also wondering about the 2011-W Gold Eagle 1 oz. uncirculated coin. According to Coin Update as of 6-14-11 2,572 of the coins have been sold and I figure if approx 750 per mon. are sold that will only be a total of about 7000 by year end.
Here's the first mention of the 9/11 medals by a major news source: http://www.cnn.com/2011/US/06/20/new.york.medal/index.html?&hpt=hp_c2
The 2011-W Gold Eagle 1 oz. uncirculated coin may have a lower total mintage than the 1/4 oz 2008 W unc coin.
Does anyone know if the burnished finish on the 2011 W unc coin is the same finish that was on the 2006 W - 2008 W coins?
I don't understand if the 2011-W Gold Eagle 1 oz.coins are struck on specially burnished blanks how they could have a finish similar to the bullion version.
Maybe this just means sililar but not exactly the same - like the previous burnished coins?
I meant similar
The Mint has unexpectedly pulled products off-sale early before, and I can see that happening with the 2011 W uncirculated gold eagle coin. That really could be a great one to buy this year.
Also, for some reason I have a feeling that the Lucy Hayes uncirculated coin will be the best of the 2011 First Spouses. I base that on what happened this year with the 2010's. I don't see the Hayes coins selling a large number by the end of December due to the high price of gold, so it would seem the Mint wouldn't strike a whole lot more of them out of fear of being stuck with them. The Lucretia Garfield will probably have more struck than Hayes simply because it will only have been on sale for less than a month before the final mintage has to be decided. With a longer period of possible availability remaining, the Mint might allow a few more of those to be struck.
I just can't shake the feeling that the Lucy Hayes uncirculated coin will de-throne Julia Tyler as the lowest mintage coin thus far, with no more than 2,700 minted. Lucretia Garfield might be a close second with about 3,000 minted. I can't wait to see how it plays out.
The Mint's description is a bit confusing. Click on "collector versions" and you will see the reference to burnished blanks. In the description they are just saying they look similar to the bullion coins, which to the uninitiated they do. But they should be just like the 2006-2008 coins unless I am missing something.
The 2011 W gold eagle may be a big winner, but remember it has only been on sale for six weeks. If it remains on sale a while, either a dip in gold could drive people to buy, or there could be a surge in last minute buying if the numbers look small. Then again, that happened in 2008, and the final numbers were very small.
Just ordered my 9/11 West point. Will the mint bill my CC now, or will it be when it actually ships in Sept.?
Your CC will get charged when the coin is shipped.
I am unimpressed with the design. One would think that an event so tragic, so frightening, so heartrending, would be memorialized in such a way that almost everyone would recognize it. If you showed that design to most Americans (without telling them what it is) they would have no idea what it symbolizes. I am all for 'art'. But this is not some abstract event in our history. We have produced many medals and coins in our history to memorialize some of its events, and most would have an idea of what they were looking at without being told what it memorializes. With this? I don't think so. Who approves these medals? (rhetorical) I am with Anonymous, I will not be purchasing any from the Mint. I will be giving my $10 directly to one of the charities set up to memorialize the tragedy.
I really don't want to speak ill of anything connected to the 9/11 attacks, but I think this is the first time the US Mint has not given its subject the justice it deserves. This coin should be impactful and beautiful, it should symbolize all that America stands for. What a blah design, in my opinion.
Thanks for listening.
I really don't want to disparage anything we've done connected to the 9/11 attacks, but I think the US Mint blew it this time... the design should be impactful and beautiful; this design appears blah and vague. It should show what America is all about, it should be bold and poignant at the same time. My two cents, thanks.
The 2011 W gold eagle may be a big winner, but remember it has only been on sale for six weeks. If it remains on sale a while, either a dip in gold could drive people to buy, or there could be a surge in last minute buying if the numbers look small. Then again, that happened in 2008, and the final numbers were very small.
==================================
I would suggest buying as many of these as you can afford as soon as possible.
The word is already out on the 2011 W GAE. Take a look at the sales report this week when Michael posts it later today.
I wonder why the Mint hasn't added the product pages for the Julia Grant First Spouse coins to the "upcoming products" section yet? They are supposed to go on sale in two days. I hope there isn't going to be another delay!
I agree wit the post from 11:37. $9.90 is better in my pocket instead of the mint. Ya think?
The 2011 unc silver eagle will more than likely have a vapor blasted finish, and may be made at s/f mint.
I am in partial agreement with some of the critics of this medal design. The mint should have incorporated the date or overlayed the design in some manner on the date September 11, 2001.
To Michael or anyone else:
Gold is on the cusp of $1500, so Mint products may go up in price on Thursday. Do you agree?
The products are already priced in the $1,500-1,549.99 tier, so there will be no price change this week. The average is solidly in that range, but low enough that even a violent swing upwards won't be enough to skew it this week.
Thanks a lot, 1:31pm.
gold is just under $1550 so prices may be going up again soon - I wished it would sell off some so I could get a 2011W ADE at a lower price but mayve I had better buy now before the price goes even higher.
gold is just under $1550 so prices may be going up again soon - I wished it would sell off some so I could get a 2011W AGE at a lower price but mayve I had better buy now before the price goes even higher.
where is the mint sales report?.
the 2011w AGE collector's uncirculated one ounce gold is not a burnished as those of 2006w to 2008w. it is most likely a better coin than bullion one.
2012 chinese silver one ounce panda production will increase from 3,000,000 to 6,000,000 due to heavy chinese demand. these coins use to be an american favorite and control. maybe we have to bring these chinese silver panda back to china for a better premium price.
I just checked the weekly sales figures on coin update and there were only 69 2011W AGE's sold last week for a total of 2,641 so far. I think there were 187 sold the week before. These coins just aren't selling and may have very low numbers by the time they sell out whenever that might be.
I was figuring maybe 7000 by year end @ a rate of 750 sold per month but it looks like the sales figures would be much lower @ the current weekly sales rate but I know sales may fluctuate some over time so it's hard to know for sure.
I received the information late. The new sales report is now available:
http://news.coinupdate.com/us-mint-sales-olympic-national-park-quarter-products-debut/
at the current sales rate the 2011w age's year end sales figures may be closer to 5000 than 7000.
the 2011w unc age's that is
michael,
can you verify the 2011w AGE uncirculated one ounce gold coin? if this coin is a burnished or not?. also the coming 2011w ASE uncirculated one ounce silver coin?. if this one is a burnished or not?.
thanks.
I doubt the 2011 w age will be as limited as some think. Probably 10-15K have been already produced and will sell sometime into next year at this pace. Not any lower than the 2008s.
The planchets were burnished in the '06-'08 cycle. It would be interesting to know if they are using the same for the '11 since the dies are laser etched.
only a month and a half. 2011w AGE unc one ounce gold got 2,641 pieces. at 175 per week or 700 per month for the remain 10-1/2 month. total mintage could reach 10,000.
if the mint cut the sales date and end december 31. then the mintage could reach 7,000.
the lowest one ounce AGE unc with w mint mark is 2008w at 11,908.
but remember the one ounce premium is always low and near bullion value.
Look at this way, at curent gold price you pay about $1650 for the bullion one ounce, more if you pay by cc, as bullion dealers add 3% for cc. If you order the 2011 W AGE from the Mint and have a cc that gives you even 1% rebate, you pay about $1750 total, or only $100more, plus or minus, than the bullion. There is no way they will sell 12,000 W's, and this will be the key date W AGE. Plus I live in a city that has a Mint sales counter where I can pick out the best one and not have to worry about quality issues or mail delivery. I am going in person tomorrow to get mine. If nothing else, gold will top $2k before long and drive the price higher.
2011w one ounce AGE unc gold coin.
"These coins are legal tender and feature a finish similar to their bullion coin counterparts. Each coin bears the “W” mint mark reflecting its striking at the United States Mint at West Point. Each coin is encapsulated in plastic, placed in a protective presentation case and is accompanied by a Certificate of Authenticity"
this is clearly not a burnished one.
I have very rarely ever posted on this site but have found this site to be helpful many times in the past but on this one I just had to put in my two cents, no pun intended. I am a collector and have never purchased a coin based on “ how much and how quick “ can I make a buck. ON that day I lost a few friends and coworkers and I just find it distasteful that the first comment I read was about ones return on investment. While I think I know what the writter meant, lately it just seems that between the politics and other inappropriate comments, the purpose of sharing and educating others in relation to coin collecting has been forgotten by some.
Personally, I believe that the mint should be turning over all profit and not just an extra 10 dollars to various organizations. I am now retired but recently showed the design to a few active and retired members and no one could really figure out the design. As far as “the always remember”, if that was the case maybe instead of just proof and uncirculated versions of a coin, maybe a circulated coin of some sort would have been more appropriate so that when a future collector, say in twenty years was to get it back in his change, he might inquire as to what it was. Instead of a high priced PM maybe a steel cent like during WW II using recycled steel from the buildings might have been more meaningful and might have even allowed a greater donation to be made. And as far as the statement “ reveling in a terrible incident does not equal patriotism”, I don’t think many Americans were ever reveling ( definition – taking great pleasure in ), about it at any time. If I ruffled a few feathers. I apologize, it was not to single anyone out, just a few inappropriate comments. To those who have helped in the past, Thanks
To 7:24pm, you may be right, but in the web site description "collector coin" is hyper-linked. Click on the link and it says the following about AGE uncirculated coins: "In a process similar to that used to create the magnificent American Eagle Proof Coins, American Eagle Uncirculated Coins are hand-loaded into the coining press, struck on specially burnished blanks and carry the "W" mint mark of the United States Mint at West Point."
So if that applies to the 2011 W AGE, then the blanks are still burnished, even if the detail is laser etched. At this point, I want to get one just to see the darn finish for myself!
Remember all the W gold eagles have done well over time because most people buy the bullion and proof coins and they fall under the radar.
"Liberty" looks like a dude
That's a man, baby
just got my yosemite atb p coin - looks like another butte - 3 for 3 so far.
I noticed sales are only at 23100 so far - may sell out in another week or so.
Maybe this has been covered in past articles, but can the individual buyer, who purchases the coin/medal directly from the Mint, able to deduct the surcharge that is donated to the charitable organization?
From time to time, the U. S. Postal Service sells special stamps that are sold for more than their face value (like the Breast Cancer stamp, and going back even further, the 9/11 stamp), and the overage is donated to the appropriate charity. The buyer is able to take a tax deduction for that overage.
Is that true for the surcharge on coins/medals from the Mint?
one ounce silver eagle proof cost $59.95, one ounce silver medal cost $56.95 then $66.95 later on.
i think the one ounce silver eagle unc might cost us $56.95 too.
while 5 oz unc collector's series cost us $279.95. or $55.99 per ounce. i think 2010p and 2011p might cost us the same price at $279.95. and the mintage will be the same at 27,000. because all these prices and mintage were set early this year.
As I have said time and time again -- silver is not rare or scarce. The fact that countries throughout the world, including the US, produce millions of ounces of silver coins each year show how common it is.
Silver is currently over-valued but is being used as a safe haven during times of uncertainty in the world economy, stock market, etc.....
Stupid gold, it is over $1555....
gold might break new high soon. maybe over $1,600.00 per ounce.
I just ordered one AGE UNC from the Mint. Looking at the recent Mint sale, half ounce AGE proof seems to have lower sale than UNC. Will wait for Mint news for any suprise 25th anniversary. With light schedule for the 2nd half, I can't believe they will not try something else.
To 6/21 @ 5:32 pm,
I highly doubt that 15,000 of the 2011 W AGE 1 oz. coins have been struck. I'll bet that the first batch was only 5,000 coins. That might be the ONLY batch if sales stay as slow as they have been. Even if the Mint strikes a second batch, it probably wouldn't be more than 2,000 additional coins. So any way you slice it, it looks like the 2011 version will be a good one.
"As I have said time and time again -- silver is not rare or scarce."
There is more gold in the world than silver. Most national stockpiles are gone. Industry uses it up and it's gone forever.
Google it and you'll see.
"Looking at the recent Mint sale, half ounce AGE proof seems to have lower sale than UNC"
Don't forget to add the 7,431 coins from the 4 coin sets - so there is actually just about 10,000 2011 half ounce AGE proof coins sold so far.
It really looks like the 1oz unc 2011 AGE's will be the lowest minted modern gold coin other than the FS coins - but we'll see.
At the current rate of just 69 per month even if they remained on sale for another year that's just another 3588 sales added to the current sales of 2641 for a total of 6229 and this is probably an overestimation - but like I said we'll just have to wait and see but I think I've decided with the current figures so far that I'll probably be getting one.
But I'm also interested to know if there will be any 25th ann. coins this year because I'd like to get one of those and that would probably make the sales of the regular 1oz unc AGE's even lower.
Remember also that for most Mint coins, sales tend to diminish over time rather than stay at an even level.
correct - weekly sales of the unc age were just 69 last week and the week before it was 187 - that's a rather big decrease in weekly sales figures from week to week - maybe they will be averaging less than 50 a week from here on - we'll see.
could be that the readers of this blog will be some of the largest group of buyers for the unc AGE so mayde we are adding to the small sales figures by blogging about it and encouraging others to buy - but sales should be low regardless.
true but I suspect we are a small group
So prices should stay the same tomorrow since the average will be below $1550. Right?
I hope prices don't go up because I want to buy an age unc before they do.
I just noticed gold is a little below $1550 again
Mintage too HIGH and the cost are TOO high. What I do not understand that the 2010 silver ATB when minted the cost of silver was lower then than now. So the US Mint is making a huge profit on the 2010 ATB. I am only buying low mintage 2010 numismatic version of the coin and not buying any ASE. Mint DROP YOUR PRICE DOWN!!!!
A price drop for the ATB won't be happening. The Mint hasn't even committed to the price level for the Grand Canyon coin yet, but I suspect it will remain $279.95.
As others have pointed out, the mintage levels for the 5 oz. numismatic versions will likely shrink over time, so the 2010's will very likely be the highest mintage of the series, not the lowest. The slowing demand is already evident with the Yosemite coin, and will only get slower as time wears on.
Always Remember?
always remember,
in the month of November,
government members,
fixed the election embers,
the wrong president was senders,
he won, he pretendered,
to create an open ender,
for planes to fly ender,
the power he rendered,
to get oil his real a'gendered
people contr'd by color brendard,
threats red orange yellows...ed
anthrax and gendered,
they were so clever,
plundered iraq slandered,
unilateral a'gendered,
shock and awe brandered,
half mill lives endered,
no coin for them ever,
my heart is severed,
my buddys all revered,
the economy severed,
from a few clevers,
I never,
want to remembere...
Think I'll buy a different coin.
ATB sounds good.
,
Other than the mint mark, is there any difference between the P and W mint mark versions of the 9/11 medals?
Please let me know. I see no reason buying two coins if the only difference is the mint mark.
There should be no difference between the different versions besides the mint mark.
Anyone for GC ATB?
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