Quick US Mint Product Updates
Before the weekend, I wanted to provide some new information on various US Mint products. This includes sales figures for the 2010-P Hot Springs Silver Coins, and release information for the Eliza Johnson First Spouse Gold Coin and 2011-W Uncirculated Gold Eagle.
2010-P Hot Springs 5 Ounce Uncirculated Coins
Sales of this highly anticipated product began at the United States Mint yesterday at 12:00 Noon ET. After taking more than 6,000 orders in the first hour, the US Mint's website went down and stayed down for about 45 minutes.
Prior to the start of sales, website problems were expected and the US Mint warned customers that they may encounter delays. By the Mint's own admission, they have "an antiquated order management system". While replacing the system is a priority, it won't happen until mid-2012.
Sales continued throughout the day at a rapid pace, but it was not fast enough to result in a one day sell out. As reported on Coin Update News, through April 28, 2011 at 9:00 PM ET, the US Mint had accepted more than 19,000 orders in total. This accounts for more than 70% of the total mintage of 27,000 coins.
At the time of this post, the coins still remain available for sale on the US Mint's website.
Eliza Johnson First Spouse Gold Coins
The US Mint will begin sales of the Eliza Johnson First Spouse Gold Coins next week on May 5, 2011. This issue was originally scheduled to be released on March 3, but the release was delayed without any official explanation.
A maximum mintage of 15,000 coins across proof and uncirculated versions has been announced. This is the same mintage level that was in place for the 2010 releases, except for the Mary Todd Lincoln Coin, which was set at 20,000.
If the US Mint follows prior procedures sales of the Abigail Fillmore coins will end to coincide with the start of sales for the Eliza Johnson coins. Currently, only the proof version of the Abigail Fillmore coin remains available. The last reported sales were 6,093.
2011-W Uncirculated Gold Eagle
Also on May 5, 2011, the US Mint will begin sales of the 2011-W Uncirculated Gold Eagle. This will be the first collectible uncirculated Gold Eagle issued by the US Mint since 2008. These coins are struck on specially burnished blanks and carry the "W" mint mark.
Only a one ounce coin will be available. The fractional weight versions were previously announced as discontinued.
There will be no ordering limits and no stated maximum mintage levels. Pricing will be based on the average price of gold leading up to the release. If gold remains within the $1,500 to $1,549.99 range, then the coins would be $1,778 each.
Additional coverage of these two upcoming releases will be provided next week.
Labels: US Mint