The U.S. Mint has recently removed the household order limits for a couple of high-profile releases, paving the way for a short-term sales spike now that collectors and dealers have the chance to purchase these items in unlimited quantities.
First, the Mint has removed the five-set order limit established for the 2016 American $1 Coin and Currency Set, released on June 16. As of last week, the set had sold 30,399 units of a possible 75,000. This change is interesting in part because the item includes a $1 bank note from one of the the nation’s 12 federal reserve banks. Shortly after the item’s release collectors began reporting which Fed bank cities showed up the most often on these bills, leading some to express enthusiasm for collecting notes from several or all of the banks. Now with the five-set limit removed, bank note collectors are free to collect these sets in larger quantities.
The 2016 Nancy Reagan First Spouse gold Proof and Uncirculated Coins were also given a household order limit of one per household; that restriction has been lifted as well. It was unusual for items in this series to receive such a limit, and while it undoubtedly slowed sales of the Reagan coins, they still managed to have one of the most successful First Spouse gold coin launches in recent years. The Mint’s most recent sales report shows that these issues have sold 2,672 coins across Proof and Uncirculated options, leaving plenty of room before they hit their combined mintage limit of 15,000 pieces.