Entries from June 2010 ↓

2010 Proof Gold Buffalo Coin

The 2010 American Buffalo Gold Proof Coin went on sale at the United States Mint on June 3, 2010. This will mark the fifth year that collectible versions of the 24 karat gold coin have been offered.

2010 Proof Gold Buffalo

Back in 2006, the bullion series debuted and the US Mint also offered a one ounce proof version of the coin. The same offerings were available in 2007. For 2008, the US Mint greatly expanded the number of collectible offerings by including collectible uncirculated versions and fractional versions of the coin. Although sales were low, these coins have now appreciated in value substantially. Last year, the Mint reverted once again to only offering the one ounce bullion and one ounce proof coin.

The 2010 Proof Gold Buffalo is offered without a household ordering limit and without an established maximum mintage level. The pricing for the coins is $1,510. This price is now nearly double the price of the 2006 Proof Gold Buffalo, which was offered at $800. The increase, of course, is attributable to the higher price of gold.

Jane Pierce First Spouse Coins

The US Mint just released the 2010 Jane Pierce First Spouse Coins, which honor the wife of President Franklin Pierce, the 14th President of the United States. This is the fifteenth release in the broader series since one preceding President had a first and second wife.

Jane Pierce Gold Coin

The First Spouse Gold Coin series hasn’t really resonated with collectors. Some have attributed this to the subject matter, others to the high price tag. The latest coins to go on sale cost $779 for proof versions and $766 for uncirculated versions. The initial releases of the series were actualy priced at $429.95 and $410.95, but the rising cost of gold has caused pricing to be adjusted.

While it will take a strong stomach or wallet to see the series through to the end, it might pay off in the long run. After 2007, sales for First Spouse coins declined substantially, resulting in extremely low mintage levels. Historically, unpopular coins with low mintages have eventually found an audience and price appreciation after the low mintages added a new allure. Will this series prove the same, or provide the first exception?


Franklin Pierce Presidential Dollar Mintage

The United States Mint recently provided the final production figures for the Franklin Pierce Dollar. This coin is the fourteenth release of the Presidential Dollar coin series, which began back in 2007.

franklin-pierce-dollar

The final production figures came in at 38,220,000 coins from the Philadelphia Mint and 38,360,00 coins from the Denver Mint. This makes for a combined circulating coin production total of 76,580,000.

Interestingly, this marks a slight increase from the production levels of the previous Millard Fillmore Dollar. This may or may not be a turning point for the series.

Since 2007, the general trend for mintages has been down. After producing 340 million George Washington Dollars, figures rapidly fell for the remaining releases that year. During 2008 and 2009, mintages continued to move generally downward, but there were a few blips upward interspersed. Will the Franklin Pierce Dollar turn out to be another blip, or the start of a longer stabilization or upturn in production?

2010 Yellowstone National Park Quarter

Today will mark the official circulation release date for the Yellowstone National Park Quarter. This is the second release of the new America the Beautiful Quarters Program, which was launched this year.

Yellowstone Quarter

The reverse design of the quarter features a view of the famous Old Faithful geyser as it erupts. An American Bison or Buffalo appears in the foreground, with another diminutive Buffalo in the background. The inscriptions around the outer rim read “Wyoming”, “Yellowstone”, “E Pluribus Unum”, and the date “2010”.

Although the coins are being released into circulation, it may be difficult to locate them. Unlike the State Quarters Program, banks do not have the ability to order unmixed quantities of the newly released designs for their customers. It will basically be the luck of the draw if banks receive some of the new quarters within their regular change orders.

The US Mint will sell bags and rolls of the new coins, providing collectors with one avenue for purchasing the coins, albeit at a premium. The two roll sets ($20 face value) are priced at $32.95 each. The 100-coin bags ($25 face value) are priced at $35.95 each.

A launch ceremony will be held on June 3, at Yellowstone National Park within view of Old Faithful. For those lucky enough to be able to attend, new rolls of the quarters will be available for exchange at face value.