Mint News Blog

News, Information, and Commentary on US Mint Products

Monday, June 27, 2011

Ulysses S. Grant Presidential $1 Coin Cover

The United States Mint will begin sales of the Ulysses S. Grant Presidential Dollar Coin Cover on June 29, 2011 at 12:00 Noon ET. This will be the 18th release in the American Presidency $1 Coin Cover series.

Each cover includes Ulysses S. Grant Dollars sourced from the first day of mintage at the Philadelphia and Denver Mints. These two coins are mounted on a display card and placed within an illustrated envelope including a 44-cent postage stamp with a postmark of "May 19, 2011 St. Louis, MO", the official circulation release date of the coins.

The US Mint redesigned these covers starting with the prior release. The portrait of the President was reduced in size to make room for a black bar at the bottom of the envelope, which includes the Treasury Department and US Mint logos. The design used for the first 16 covers featured a larger and more prominent head and shoulders portrait of each President.

Each cover is priced at $19.95 plus applicable shipping and handling. The maximum production limit is established at 22,000 units. Compared to last year's covers, this is a price increase of $4 and production limit decrease of 10,000 units.

The most recently released Andrew Johnson Coin Cover has sold 16,313 units as of the latest available sales report. Previously released covers remain available for sale at the US Mint all the way back to William Henry Harrison, the 9th President.

Coin Update News: Interview with Erik Jansen, Newest Member of CCAC

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28 Comments:

At June 27, 2011 at 11:03 AM , Anonymous Anonymous said...

A few months ago, I decided to only buy PM Mint items since clad is basically worthless.

Now PMs are on a free-fall, and I do not want to lock in high PM purchase pricing, so PMs are now out for me (bye bye ATBs, I really don't care).

So now I'll maybe buy a few silver eagles and sit on the sidelines for a while and laugh at those that buy slabbed ATBs and plat proofs at current pricing. I'll grab up the 5ozers when they are selling for less than $200 (they will!).

 
At June 27, 2011 at 11:07 AM , Anonymous Anonymous said...

I hate the way the Mint ruined the looks of the coin covers starting this year. Was putting the silly black bar on the front SO necessary that they felt it was fine to drastically alter the design? I guess the Mint thought so, but few seem to agree.

They could have put the bar on the back, and left the front alone so the entire series would match and look good together.

The horrible re-design, coupled with the higher price tag for an item that does not hold value anyway led me to abandon the series.

 
At June 27, 2011 at 11:22 AM , Anonymous JA said...

$1 for $19.95 -- what a deal! I mean what a STEAL!!

After being disappointed with the ever increasing prices of mint products, I am liquidating my coin collection.

I am glad I'm doing so because I had no idea how I've been foolishly investing in so many mint products whose values have tanked.

I stand to lose literally thousands of dollars for my foolish decision to collect so many mint products but hey, I take full responsibility. No one put a gun to my head to buy any of that stuff.

When all is said and done, it was my decision to buy them and I'm glad my decision to liquidate came when there's still some value in this stuff, even though I'll regret the thousands that I'll never see again.

 
At June 27, 2011 at 11:27 AM , Anonymous Anonymous said...

Why would you lose a lot of money? Compared with what you paid over the years and the current spot price of PM's you should still make money unless you bought everything in the last year or so.

 
At June 27, 2011 at 11:36 AM , Anonymous JA said...

For example, I bought tons of presidential proof sets which originally sold for $14.95 and upwards and prices on Feebay are now less than $10 each!!!

Other mint products are barely getting the original issue price, such as silver proof and mint sets. Check for yourself.

 
At June 27, 2011 at 12:22 PM , Anonymous Anonymous said...

I am wondering why the correction in PM. Is everything fine now with the Global economy. What if the US defaults on it's debt. Wouldn't PM's be a good alternative to treasuries?

 
At June 27, 2011 at 12:45 PM , Anonymous Anonymous said...

JA,

I completely feel your pain. I also bought some stuff that has not done well. Fortunately not a tremendous amount of items, but I hate to lose money on ANYTHING. However, reality sets in and you realize that chances are very good that this stuff will NEVER be worth much of anything. It's better to unload what you can now, while any premium over face value still exists. It's painful, but the alternative is to eventually redeem it for the "stop loss" amount of face value. :(

 
At June 27, 2011 at 2:35 PM , Anonymous Anonymous said...

Precious metal values going through a correction. At historic highs, what goes up, does come down....

What else can I say but,

POP! POP! POP!

 
At June 27, 2011 at 3:04 PM , Anonymous Anonymous said...

PoP PoP, go back to your mama and quit sprouting BS on the blog. What makes you think that PM price have peaked?

 
At June 27, 2011 at 3:31 PM , Anonymous Anonymous said...

2011 3:04 PM
You're mean !!!!!

 
At June 27, 2011 at 4:27 PM , Anonymous Anonymous said...

The bubble in pm's hasn't even begun to ... INFLATE! INFLATE! INFLATE!

You"re way too early POP!

A short term correction - maybe but a bubble - not even close - try the bond market - that bubble is bigger than the housing market bubble and NASDAQ bubble combined and when that pops it will explode like an atomic bomb!

Try again in a few years - or maybe a few decades but by then if there is a "pop" prices will still be much higher than they are now.

So throw your needle back in the haystack - you'll have plenty of time to search for it again later - much later.

 
At June 27, 2011 at 4:30 PM , Anonymous Anonymous said...

This is what i learned recently. I pulled out a silver eagle i bought for my kids 20 years ago. I paid $7 and now worths $34. I also bought a set of coins from QVC for $19 ( I recognized then it was a rip off), and now the peace dollar, walking liberty and kennedy half dollar in the set worth almost $100 together. It is true that the prices for PM are high and they could drop big time, but it is hedge. I have never seen so much money around and yet so little financial security.

 
At June 27, 2011 at 5:02 PM , Anonymous Anonymous said...

The Grand Canyon ATB 5 ounce P silver coins goes on sale on Wednesday. Is everyone here planning to stock up on the US Mint's silver bullion opportunity?

 
At June 27, 2011 at 5:25 PM , Anonymous Leo S. said...

Everybody needs to stop worring about the current price of PMs. You should collect PMs for only two reasons. One, as a collector who enjoys the hobby and buy what you like and can afford. Two, PMs are your emergency money. If the dollar goes to hell. you have something that for the last 6000 years has retained some value as a medium of exchange.

If PMs go down in price you just buy more at a cheaper price but keep you percentage of PMs to cash the same, about 10 to 15 percent. This way you are covered for whatever happens.

Just my advise on the subject.

Leo S

 
At June 27, 2011 at 5:54 PM , Anonymous Anonymous said...

To 5:02 pm,

Yes, I plan to buy the coin. I'm going to finish what I started with the 2010 set. However, I have not decided about the 2011's yet. I wish the Mint hadn't put off the Mt. Hood coin for another month, as now we'll have to wait at least another month and a half to find out what the plan is for the 2011 versions.

I'll bet the Mint will offer no less than 50,000 each for those. Thus endeth the sellouts if that happens!

 
At June 27, 2011 at 6:59 PM , Anonymous Anonymous said...

owning 10% - 15% PM's and 85% - 90% cash is extremely risky considering fiat currencies esp. the US $ have absolutely no real value - it's just an illusion but then we have an illusionary economy of continuing to consume products produced in foreign countries with money borrowed from foreign countries and continuing to think this absurd cycle equates to a strong U.S. economy - it's just a ridiculous childish fantasy that can't last much longer.

Soon prople are going to realize that the wealth and savings they tought they had in U.S. dollar denominated assets such as U.S. stocks, bonds and cash are completely worthless - then people will really be worried - but then it will be too late to do anything about it.

 
At June 27, 2011 at 7:20 PM , Anonymous Anonymous said...

I'll be buying the GC ATB P coin on Wed. I've also been watching the prices of the 2011 ATB bullion coins which are selling for under $200 each raw and I might consider getting a mint roll sometime soon if prices stay low or better yet if prices go even lower.

 
At June 28, 2011 at 6:15 AM , Anonymous Anonymous said...

People who are buying products direct from the Mint based on the prices of silver or gold are foolish. If you want to make money buying physical, you should be buying standard bars and normal silver/gold eagles. I am buying these coins because I like them, not because I'm planning to flip them on Ebay.

As for gold and silver prices, we've seen the exact same pattern for the last two years. Runups usually start in early August/late September and continue until about March/April. Then we get sideways trading and mild dips. Given that the Fed's actions this year are almost identical to those it took last year (QE1 to QE-Lite to QE2), there is no reason to think this general pattern won't hold again for this year.

Relax, folks. Don't rush out the door to sell off your AtBs because silver is having a few slow months.

 
At June 28, 2011 at 6:57 AM , Anonymous Anonymous said...

And for something not so completely different:


http://www.npr.org/2011/06/28/137394348/-1-billion-that-nobody-wants?sc=fb&cc=fp

 
At June 28, 2011 at 10:01 AM , Anonymous Anonymous said...

we need u.s. mint sales report.

 
At June 28, 2011 at 10:51 AM , Anonymous Anonymous said...

no kidding; we need lower gold and silver prices too.

 
At June 28, 2011 at 10:59 AM , Anonymous Anonymous said...

I love how Michael gets us the sale reports on Tuesdays! Numismatic News doesn't publish it until Thursdays. And, they don't even take the time to give a "change from last week" column like Michael does.

I LOVE his blog!

 
At June 28, 2011 at 11:54 AM , Anonymous Anonymous said...

Pop Head: Pop you ZIT.

 
At June 28, 2011 at 12:49 PM , Blogger Mint News Blog said...

New sales report is posted:

http://news.coinupdate.com/us-mint-sales-september-11-medals-julia-grant-gold-coins-debut/

 
At June 28, 2011 at 1:32 PM , Anonymous Anonymous said...

well the 2011 AMERICAN EAGLE GOLD UNCIRCULATED 1 oz coins sold 161 more last week - more than twice the week before (probably because so many os us were blogging about it) but still only at 2802 sales total. I still think final sales may be lower than the 2008 1/4 oz even if it stays on sale for another year but we'll see - maybe I should quit mentioning it.

 
At June 28, 2011 at 2:08 PM , Anonymous Anonymous said...

Hi , am looking to diversify my U.S> mint collections; is there any good blog where I can get info on latest collectable world coins?

Thanks!

 
At June 28, 2011 at 7:21 PM , Anonymous Anonymous said...

I hope silver dips to $25/oz. I really like this metal! And not just as a $ investment, as a collectable I enjoy looking at and showing non collector friends and family.

 
At June 29, 2011 at 5:44 AM , Anonymous Anonymous said...

ya think they can Grant me a discount?

 

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