Entries from July 2010 ↓

Yosemite National Park Quarter

Yesterday was the official circulation release date of the latest coin in the American the Beautiful Quarters Program featuring Yosemite National Park. The US Mint offered bags and rolls of quarters for sale to coincide with the release.

Yosemite Quarter

The Yosemite National Park Quarter features a depiction of the famous rock formation El Capitan, which is located within the park. This monolith of granite rises more than 3,000 feet into the air and is an impressive site for park visitors and a challenge for climbers. The design for the coin was created by Joseph Menna and sculpted by Phebe Hemphill.

The US Mint offered their standard array of products for the quarter, which include 100-coin bags from either the Philadelphia or Denver Mint facility or a two roll set, containing 40-coin rolls from either facility. The bags are priced at $35.95 each and the roll sets are priced at $32.95. Separately, the US Mint offers bulk bags of 200,000 quarters, but these will cost the prospective buyer $51,500 each!

Later this week, the official launch ceremony will be held at Yosemite National Park on July 29, 2010 at 11:00 AM PT. The event will take place at the Valley Visitor’s Center, Yosemite Village Loop.

2010 Proof American Silver Eagle

Some collectors were already half prepared for another disappointment, but it appears that there is now a stronger possibility that the United States Mint might issue the 2010 Proof Silver Eagle.

2010 Silver Eagle

The United States Mint was forced to end sales of the 2008 Proof Silver Eagle early and cancel the 2009 Proof Silver Eagle as a consequence of the heavy demand for precious metals bullion coins. Under the current law authorizing the production of American Gold and Silver Eagles, the US Mint is required to produce the bullion versions of the coins in quantities sufficient to meet full public demand. Because they were not accomplishing this, they sourced all precious metals blanks to the production of bullion coins, leaving proof coins out in the cold. Unfortunately, there was no requirement to produce the collectible versions of the coins.

As it stands, a subcommittee of the House of Representatives is apparently considering an amendment to existing law, which would allow the US Mint to produce collector coins despite not being able to meet public demand. Obviously, the best solution would be to acquire more blanks, but at least the US Mint won’t have their hands tied legally any longer.

If the current law can be amended, the US Mint has stated that they could produce 830,000 Proof and Uncirculated Silver Eagles before year end, assuming they get started by September.

2010 US Proof Set

This week the United States Mint released the 2010 Proof Set. This comes one week after the release of the 2010 Mint Set. Together these two popular sets usually account for 2 million or more unit sales for the Mint.

2010 Proof Set

This year’s proof set includes 14 coins, this is a reduction of 4 coins from the 2009 Proof Set. The number of coins in last year’s set was inflated by the four different designs released for the Bicentennial Lincoln Cents and the extra quarter released for the DC & US Territories Quarters Program.

The 2010 Proof Set will include proof versions of the following coins:

  • 2010 Lincoln Cent
  • 2010 Jefferson Nickel
  • 2010 Roosevelt Dime
  • 2010 Hot Springs National Park Quarter
  • 2010 Yellowstone National Park Quarter
  • 2010 Yosemite National Park Quarter
  • 2010 Grand Canyon National Park Quarter
  • 2010 Mount Hood National Forest Quarter
  • 2010 Kennedy Half Dollar
  • 2010 Millard Fillmore Presidential Dollar
  • 2010 Franklin Pierce Presidential Dollar
  • 2010 James Buchanan Presidential Dollar
  • 2010 Native American Dollar

Among all of these coins, the one I am probably looking forward to seeing most is the new Lincoln Cent. In addition to the new reverse design, the details of the original obverse portrait have been restored. I just took a close look at my recently received satin finish 2010 Lincoln Cents from the 2010 Mint Set and can say that the restoration is a very refreshing change.

The 2010 Proof Sets are priced at $31.95, which as usual represents a price increase.

2010 US Mint Set

Today marks the release of the 2010 United States Mint Uncirculated Coin Set, commonly referred to as the 2010 Mint Set. This is one of the US Mint’s most popular annual offerings with last year’s set selling more than 700,000 units.

2010 Mint Set

The Mint Set was offered from 1947 to 1958 as a Double Mint Set, containing two examples of each coin from circulation. From 1959 to 1964, it contained one example of each circulating coin in a flat pack. After a pause of three years during which Special Mint Sets were offered, the product resumed from 1968 to 1981. After a two year gap, the sets were once again offered from 1984 to present. Since 2005, the annual Mint Set has contained coins with a special satin finish, which differs from the regular circulation strike.

The 2010 Mint Set will include a total of 28 coins. This is made up of 14 coins each from the Philadelphia and Denver Mints, comprising the Lincoln Cent, Jefferson Nickel, Roosevelt Dime, 5 America the Beautiful Quarters, Kennedy Half Dollar, Native American Dollar, and 4 Presidential Dollars.

This year’s set is priced at $31.95. This is an increase of $4 compared to the cost of last year’s set despite the fact that the number of coins included has declined. Although I think that the price increase is unjustified, ultimately I will order the set since it is one of my favorite products.

Upcoming America the Beautiful Quarter Launch Ceremonies

The United States Mint has announced the dates and locations of the next three launch ceremonies for the America the Beautiful Quarters Program. The previous ceremony for the Yellowstone National Park Quarter drew an audience of approximately 1,500 people despite inclement weather.

Attendees have included families vacationing at the park, residents from surrounding local area, and coin collectors willing to make the journey for the occasion. One of the draws of the ceremony is the coin exchange, where attendees can exchange currency for rolls of the new quarters at face value.

Mount Hood National Forest Quarter

The launch ceremony for the Yosemite National Park Quarter will take place on July 29, 2010, 11:00 AM at Valley Visitor’s Center, Yosemite Village Loop, Yosemite, CA.

The launch ceremony for the Grand Canyon National Park Quarter will take place on September 21, 2010, 1:00 PM at the grounds near El Tovar Hotel, Grand Canyon, AZ.

The ceremony for the Mount Hood National Forest Quarter will take place on November 17, 2010, 10:00 AM at the World Forest Center, 4022 SW Canyon Road, Portland, OR.