Entries from April 2010 ↓

Hot Springs National Park Quarter Launched

The first coin in the new America the Beautiful Quarters series was released on Monday. The coin features Hot Springs National Park located in Arkansas.

Hot Springs Quarter

The Hot Springs National Park Quarter depicts the door of the main park building with a fountain before it. The obverse of the coin carries a portrait of George Washington as it appeared on the 1932 Washington Quarter.

An official launch ceremony was held at the park and coins were offered for sale on the US Mint’s website in bags and rolls.

The US Mint will release five different quarter designs each year (a la 50 State Quarters Program) with a total of 56 different parks and sites featured. The authorizing legislation actually includes a provision for the extension of the program for a second round of designs, would would make it 112 different quarters over 24 years.

2010 Presidential $1 Coin Uncirculated Set

Last week, the United States Mint began selling the 2010 Presidential Dollar Uncirculated Set. This set contains the uncirculated versions of each of the 2010 Presidential Dollars from the Philadelphia and Denver Mints.

2010 Presidential Dollar Set

If the US Mint stays with past practice, the coins in the set will be minted with a special satin finish. This type of finish has been used for Mint Sets and some other collectible products since 2005. The satin finish makes the coins different than the regular business strikes.

The eight coin set is priced at $18.95 each. Even though I plan to purchase the 2010 Mint Set, which will also include these coins, I decided to purchase this set to get an earlier look at the Presidential Dollars for this year. I ordered the set on the opening day of sales and hope it arrives soon.

2010 Lincoln Cent Two Roll Set “Preservation of the Union”

Late last week, the United States Mint began selling a packaged 2010 Lincoln Cent Two Roll Set. This set contains one 50-coin roll of coins from the Philadelphia Mint and one 50-coin roll of coins from the Denver Mint. The sets are priced at $8.95 for the $1.00 worth of coins.

2010-lincoln-two-roll-set

The US Mint offered a similar product last year for each design issued for the 2009 Lincoln Cent. The pricing was the same, but collectors were very excited about the offering. Factors driving the demand for last year’s set were the high secondary market prices of the first two roll set with the Birthplace design (product code LP1), the generally unavailability through circulation channels, and the generally low mintages for the coins.

The 2010 Lincoln Cent Two Roll Sets won’t have as many factors driving demand. After the sell out of the LP1 set with only 100,000 in sales, the product runs were increased for subsequent sets, to upwards of 300,000. There is likely a similarly high or unlimited production run set for the 2010 Lincoln Cent Two Roll Sets.

The 2010 Lincoln Cent Rolls have become more generally available through channels of circulation and will sizable mintage. In the latest month, the US Mint doubled year to date production of the cent and is on pace to make more than 2 billion. The coins have been on eBay for the past several months, with prices already peaked and declined below the US Mint’s two roll set price level.

Personally, I am going to pass on the 2010 Lincoln Two Roll Set (LP5). I expect that many collectors will still buy the set to complete the LP1-LP5 run, or as a collectible Lincoln product, but these aren’t big enough motivating factors for me.