Entries from January 2010 ↓

2010 Native American Dollars

2010 Native American DollarThis month the United States Mint launched and released the 2010 Native American Dollar. This is the second release of the series created to honor and celebrate the contributions and accomplishments of Native Americans. This year’s design features the Hiawatha Belt, a visual representation of the Haudenosaunee, or Iroquois Confederacy.

On January 4, 2010, the US Mint began sales of the 2010 Native American Dollar through their Direct Ship Program. The program is intended to allow small businesses and financial institutions to order dollar coins for the intention of using them in circulation. The dollar coins are distributed by the US Mint at face value with no charge for shipping in quantities of 250-coins. Collectors have also used this program as an opportunity to obtain uncirculated dollar coins at face value.

On January 22, 2010, The US Mint offered numismatic rolls of the dollar coins. These are 25-coin rolls containing coins from either the Philadelphia or Denver Mint priced at $35.95 each. As opposed to the Direct Ship rolls, these come in custom designed wrappers and customers can select the mint mark. Despite the premium and the availability of the coins at face value, collectors still ordered more than 8,000 of each roll in the first week of availability.

Following the release through these two options, the official launch ceremony was held on January 25, 2010. The event took place at the Smithsonian Institution’s National Museum of the American Indian George Gustav Heye Center in Manhattan. United States Mint Director Edmund Moy said, “The design is an acknowledgement of the confederation’s influence on Western political thought, including concepts of equality and democratic self-government that existed on the North American continent long before the founding of the United States.”

2009 Ultra High Relief Gold Coin Mintage

On December 31, 2009, the United States Mint ended sales of the popular 2009 Ultra High Relief Double Eagle Gold Coin. Until recently, the final report of sales figures through the closing date were not available.

Ultra High Relief Gold

The US Mint recently released this information, indicating that final sales were 115,178. Since this is the final unaudited sales information, the final mintage may be slightly lower due to returns, order cancellations, or other adjustments.

Collectors are already starting to debate whether this level of mintage may impede or support future premiums for the coin on the secondary market. Some argue that a mintage over 100,000 creates a plentiful supply of the coins, and they will be destined to sell for a few hundred dollars above the bullion value.

Others argue that this is a one year only issue of a historic recreation of one of the most beautiful coins of all time. Most buyers are likely to hold the coin in their permanent collection, meaning that only a fraction of the total mintage will ever be offered for sale. The high demand and restrained supply will support greater premiums as time moves on.

2009 “Presidency” Lincoln Cent Mintage

The coin mintages for the fourth and final 2009 Lincoln Cent design was recently released. The “Presidency” design has the lowest overall mintage of the four designs. The 2009-P Presidency Lincoln Cent has the lowest mintage for an individual one-cent issue since the 1950’s.

presidency penny

For the Presidency design, there were 129,600,000 coins produced at the Philadelphia Mint and 198,000,000 coins produced at the Denver Mint. This makes a total of 327,600,000 overall coins struck for circulation.

The previous low for combined mintage for one of the designs was the Birthplace Cent with 634,800,000. The previous low for an individual issue of the 2009 Lincoln Cent was the 2009-P Birthplace Cent with 284,400,000. The latest figures represnts significanlty lower numbers.

The last time an individual Lincoln Cent struck for circulation had a lower mintage was 1955, when the San Francisco Mint produced 44,610,000.

2009 Ultra High Relief Gold Coin Sales End

On December 31, 2009, the United States Mint officially ended sales of the 2009 Ultra High Relief Double Eagle Gold Coin. This had been one of the highlights of last year’s schedule. It was a recreation of Saint Gaudens’ vision for an ultra high relief $20 gold double eagle coin that could not be realized with the technology of his time.

Ultra High Relief Double Eagle

Sales of the coin had started on January 22, 2009. As expected there was a huge rush of orders from collectors who wanted to own this special issue. In the opening weekend more than 40,000 coins were sold. This is made even more impressive by the one per household ordering limit that was in place at the time.

The 2009 Ultra High Relief Gold Coin remained on sale throughout the remainder of the year with some adjustments. When applicable the price of the coin was adjusted based on the average price of gold. This caused the initial ordering price of $1,189 per coin to rise to $1,489 by the end of the year. The household ordering limit was also adjusted from the initial limit of one to ten, then twenty five, and eventually it was removed completely.

The last reported sales before the end of the year was 112,065. While this number is somewhat high, there is likely to always be demand for this special and historic coin, which will hopefully support premiums above value of the one ounce gold content.

US Mint America the Beautiful Quarter Products

This year a new quarter series will begin featuring National Parks and other federally protected or managed National Sites. A quarter will be issued for a site in each state, territory, and the District of Columbia. As with the prior quarter series, the United States Mint plans a variety of collectible products for America the Beautiful Quarters.

The US Mint will offer numismatic bags and rolls containing the quarters. These are the same quarters that are struck for circulation, but they are specially packaged and sold at a premium. The US Mint is expected to offer 100-coin and 1000-coin bags from the Philadelphia or Denver Mint and a two roll set containing one roll from each facility.

The US Mint will issue separate America the Beautiful Quarters Proof Sets in regular clad and 90% proof versions. Although these coins are included in the complete annual sets, the Mint has produced separate sets containing only the quarters.

Missing from the current line up are First Day Covers for America the Beautiful Quarters. These products were offered for the prior State Quarters and DC & US Territories Quarters. No confirmation on whether the product has been discontinued or if they will be added to the schedule later.

Finally, a program of America the Beautiful Silver Bullion Coins will be produced. These won’t be sold directly by the US Mint, but will be offered as bullion coins through bullion dealers. The coins will contain 5 ounces of silver and have designs which are an exact duplicate of the quarter.