May 21, 2012

US Mint Sales: Suspensions Impacting Gold and Silver Coin Offerings

During the period covered by the latest US Mint numismatic product sales report, several gold and silver products experienced low sales due to a newly implemented or ongoing sales suspension. Other products seemed to experience a jump in sales as buyers anticipated a forthcoming suspension. The debut sales figures for the latest Presidential $1 Coin numismatic roll offering are also available.

The United States Mint suspended sales of all commemorative gold coins on August 12. In last week's report, huge increases were registered for these products as buyers took advantage of the bargain prices relative to intrinsic value. In the current report, sales show minor negative adjustments as the suspension has continued. The Mint plans to implement a pricing grid that would allow for weekly pricing adjustments.

Sales of the available numismatic gold products had a relatively quiet week. One exception was the one ounce 2011 Proof Gold Eagle, which added 2,104 units. The total sales for the product have now reached 28,824, which is within striking distance of the maximum product limit of 30,000.

The 2010 Silver Proof Set and 2010 America the Beautiful Quarters Silver Proof Set had sales suspended during the current period, accounting for the reduced sales. Meanwhile, the US Mint has continued to sell the 2011-dated versions of each set, which are priced a few dollars per set higher. As the market price of silver has moved upwards, buyers seem to be anticipating a suspension and subsequent repricing for these products, driving heavier sales.

The Rutherford B. Hayes Presidential Dollar rolls went on sale August 18, 2011. Collectors ordered 19,574 of the Philadelphia rolls and 19,170 of the Denver rolls. These numbers are a bit slower than the comparable figures for the previous release featuring Ulysses S. Grant.

One final note, the 2010-P Grand Canyon Five Ounce Silver Uncirculated Coin now has reported sales of 27,154, which is above the maximum product limit of 27,000 units. Thus, it seems likely that the Mint will soon end sales and cancel any orders above the maximum number available.

The full US Mint numismatic product sales report appears below. The figures are compiled through August 22, 2011. The first number column represents total sales through the reporting date, and the second number column represents the change in sales since the last report. Products with sales followed by an asterisk (*) are no longer available from the United States Mint. Currently available US Mint products can be found online at http://catalog.usmint.gov/

Product Sales Change
2011 AMERICAN EAGLE PLATINUM PROOF COIN 9,259 243
2011 AMERICAN EAGLE GOLD PROOF COINS
One ounce 28,824 2,104
One-half ounce 3,705 217
One-quarter ounce 5,735 248
One-tenth ounce 12,825 839
Four-coin set 10,137 541
2011 AMERICAN EAGLE GOLD UNCIRCULATED COIN
One ounce 5,142 183
2011 AMERICAN BUFFALO GOLD PROOF COIN 17,298 747
2011 AMERICAN EAGLE SILVER PROOF COIN 716,328 36,981
2011 ARMY COMMEMORATIVE COINS
$5 Gold Proof 16,136 -1
$5 Gold Uncirculated 7,009 -2
$1 Silver Proof 108,406 315
$1 Silver Uncirculated 41,051 131
50 Cent Clad Proof 61,987 116
50 Cent Clad Uncirculated 35,556 156
2011 MEDAL OF HONOR COMMEMORATIVE COINS
$5 Gold Proof 16,471 -22
$5 Gold Uncirculated 7,274 -2
$1 Silver Proof 96,719 353
$1 Silver Uncirculated 37,199 89
FIRST SPOUSE GOLD COINS
Abigail Fillmore Proof (2010) 6,140* 0
Abigail Fillmore Uncirculated (2010) 3,489* 0
Jane Pierce Proof (2010) 4,843* 0
Jane Pierce Uncirculated (2010) 3,333* 0
Buchanan's Liberty Proof (2010) 7,304* 0
Buchanan's Liberty Uncirculated (2010) 5,348* 0
Mary Todd Lincoln Proof (2010) 6,705 38
Mary Todd Lincoln Uncirculated (2010) 3,760* 0
Eliza Johnson Proof (2011) 3,273 38
Eliza Johnson Uncirculated (2011) 2,200 33
Julia Grant Proof (2011) 3,278 90
Julia Grant Uncirculated (2011) 2,165 22
AMERICA THE BEAUTIFUL 5 OZ UNC COINS
2010-P Hot Springs National Park 27,000* 0
2010-P Yellowstone National Park 27,000* 0
2010-P Yosemite National Park 27,000* 0
2010-P Grand Canyon National Park 27,154 892
Mount Hood National Park 19,342 640
SEPTEMBER 11 NATIONAL MEDALS
2011-W 95,200 10,377
2011-P 56,698 7,131
2011 PROOF SETS
2011 U.S. Mint Proof Set 807,152 4,834
2011 Presidential $1 Coin Proof Set 229,013 1,341
2011 America the Beautiful Quarters Proof Set 105,409 903
2011 SILVER PROOF SETS
2011 U.S. Mint Silver Proof Set 448,069 3,714
2011 America the Beautiful Quarters Silver Proof Set 109,632 1,957
2011 UNCIRCULATED MINT SETS
2011 U.S. Mint Uncirculated Set 416,728 2,390
2011 Presidential $1 Coin Unc Set 37,237 600
2011 America the Beautiful Quarters 20,802 0
2010 PROOF SETS
2010 U.S. Mint Proof Set 1,090,443 866
2010 Presidential $1 Coin Proof Set 528,338 162
2010 America the Beautiful Quarters Proof Set 269,472 186
2010 SILVER PROOF SETS
2010 U.S. Mint Silver Proof Set 571,559 373
2010 America the Beautiful Quarters Silver Proof Set 264,058 1,374
2010 UNCIRCULATED MINT SETS
2010 U.S. Mint Uncirculated Set 575,732 176
2010 Presidential $1 Coin Unc Set 98,603 711
2010 America the Beautiful Quarters 30,405 97
2010 CIRCULATING COIN SETS
2010 America the Beautiful Quarters 20,488 116
2011 NATIVE AMERICAN $1 COIN ROLLS
25-Coin Roll (P) 17,899 151
25-Coin Roll (D) 17,868 144
2011 RUTHERFORD B. HAYES $1 COIN ROLLS
25-coin roll (P) 19,574 19,574
25-coin roll (D) 19,170 19,170
2011 ULYSSES S. GRANT $1 COIN ROLLS
25-coin roll (P) 27,244 295
25-coin roll (D) 26,530 264
2011 ANDREW JOHNSON $1 COIN ROLLS
25-coin roll (P) 30,300 102
25-coin roll (D) 29,063 95
2010 ABRAHAM LINCOLN $1 COIN ROLLS
25-coin roll (P) 48,832* 0
25-coin roll (D) 48,748* 0
2010 JAMES BUCHANAN $1 COIN ROLLS
25-coin roll (P) 34,270 28
25-coin roll (D) 33,622 29
2009 ZACHARY TAYLOR $1 COIN ROLLS
25-coin roll (P) 40,352 23
25-coin roll (D) 38,459 27
2009 JAMES K. POLK $1 COIN ROLLS
25-coin roll (P) 42,821 18
25-coin roll (D) 41,092 30
2011 KENNEDY HALF DOLLAR BAGS & ROLLS
200-Coin Bag 6,255 32
Two-roll set 20,345 116
2011 OLYMPIC QUARTER BAGS & ROLLS
100-coin bag (P) 3,190 35
100-coin bag (D) 3,106 33
Two-Roll Set (80 coin) (P&D) 23,096 230
2011 GLACIER QUARTER BAGS & ROLLS
100-coin bag (P) 3,509 6
100-coin bag (D) 3,657 6
Two-Roll Set (80 coin) (P&D) 25,639 96
2011 GETTYSBURG QUARTER BAGS & ROLLS
100-coin bag (P) 4,558 12
100-coin bag (D) 4,414 13
Two-Roll Set (80 coin) (P&D) 30,936 68
2010 MOUNT HOOD QUARTER BAGS & ROLLS
100-coin bag (P) 6,110 12
100-coin bag (D) 5,864 9
Two-Roll Set (80 coin) (P&D) 32,980 24
2010 GRAND CANYON QUARTER BAGS & ROLLS
100-coin bag (P) 6,717 14
100-coin bag (D) 7,059 16
Two-Roll Set (80 coin) (P&D) 34,787 29
2010 LINCOLN TWO-ROLL SETS
Preservation of the Union 177,624 121
PRESIDENTIAL DOLLAR COIN COVERS
William Henry Harrison 29,601 13
John Tyler 26,375 12
James K. Polk 24,593 13
Zachary Taylor 23,562 9
Millard Fillmore 22,436 7
Franklin Pierce 20,818 11
James Buchanan 19,458 16
Abraham Lincoln 31,139 71
Andrew Johnson 16,978 44
Ulysses S. Grant 17,031 99
PRES $1 COIN & FIRST SPOUSE MEDAL SETS
Abigail Fillmore 9,616 6
Jane Pierce 7,490 7
James Buchanan's Liberty 7,092 11
Mary Todd Lincoln 13,020 42
Eliza Johnson 4,623 57
Julia Grant 3,807 159
AMERICA THE BEAUTIFUL QUARTER 3 COIN SETS
Hot Springs National Park 19,057 21
Yellowstone National Park 19,200 26
Yosemite National Park 16,819 33
Grand Canyon National Park 16,302 43
Mount Hood National Forest 13,958 52
Gettysburg National Military Park 13,768 244



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Comments

  1. Frank says:

    I returned a GC ATB-P 5 Oz due to extremely bad quality. I am not very picky since I buy coins for personal collection but the coin is basically damaged with scratches. What a shame Mint just go ahead and sell the defective coin to someone else!

  2. Frank says:

    I ordered another one right away when I saw the ugly coin (asked my friend for a favor since the household limit was still in place and paid another shipping for it). My friend was curious asked why I didn’t just ask for a replacement since it would be free of shipping (the Mint did reimburse return costs). I told him I was afraid of a sold out by that time the coin returned to the Mint. It turned out to be an over-pessimistic statement since 5Oz ATB becomes increasingly less popular now. However, I am lucky enough to get a nice coin from my friend’s order probably sooner enough not to get someone else’s return at the time.

  3. Barry says:

    The burning issue is what mint product will
    be 2011′s big winner. With gold explodeing
    will sales slow ? Are the commemoratives
    on permanent suspension ? Is the first Spouse
    program headed for permanent retirement along
    with the presedential dollar ? Are the 5 ounce collector ATB’s falling off the way side ? Just some thoughts to ponder.

  4. Brad says:

    Sadly, it appears that the “numismatic” 5 oz. ATB coins will basically end up only being worth their bullion value, at least the 2010 issues anyway. Assuming we see 2011 issues, maybe they will be lower-mintage and turn out differently.

    However, I honestly don’t know if I want to continue tying up so much money in these with the entire future of the series being uncertain. I could end up stuck with expensive bullion pieces that I’ll have to wait for the melt value to reach the issue price before I can unload them for something better.

  5. CaptainOverkill says:

    Brad, don’t know if you’re still watching this thread, but series that suffered sudden cancellations in the past have undergone dramatic price increases. Look at the mad dash to get Julia Grant first spouse coins caused by the prospect of the cancellation of the $1 coin program!

    While it would be unfortunate if there was a cancellation of the P series, that might cause the 2010-Ps to go up in value, while also freeing up collectors’ dollars for other products such as the bullion AtBs or the soon to be released 25th anniversary silver proof set.

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