May 21, 2012

US Mint Sales: Suspensions, Price Increases, and Sell Outs

During the period covered by the latest weekly US Mint numismatic sales report, there were a number of products that experienced suspensions, price increases, or sell outs. Much of this activity was driven by higher precious metals prices.

The rising price of silver has led to suspensions for more US Mint numismatic products containing 90% silver coins. On April 8, the US Mint suspended sales of the 2010 Silver Proof Set and 2010 America the Beautiful Quarters Silver Proof Set. Yesterday, on April 18, suspensions of the 2011 Silver Proof Set and 2011 ATB Silver Proof Set followed. The prices for these products had been established about a month ago when silver was $35 per ounce. With silver now above $43 per ounce, the intrinsic value of the products was approaching the US Mint's issue price.

New higher prices for these products must be established through a process involving publication in the Federal Register, which can take several weeks to accomplish. If the price of silver continues to move quickly, there may be extended or additional suspensions, which will impact the overall sales levels.

The US Mint has a separate pricing policy applicable for certain numismatic gold and platinum products that allows price changes to be implemented on a weekly basis. On April 14, this policy was used to increase the prices for the 2010 Proof Gold Buffalo and remaining 2010 First Spouse Gold Coins. Since these pricing changes can be anticipated in advance, collectors may have accelerated purchases in the last sales period, accounting for generally lower sales figures in the current period.

Recently sold out products include the uncirculated version of the James Buchanan's Liberty Gold Coin and the Hot Springs National Park Quarter numismatic bags and rolls. The former is the fifth of the 2010-dated First Spouse coins to sell out. The end of sales for the Hot Springs Quarter products was expected. For the ATB Quarter bags and rolls, the US Mint indicates that sales will continue for one year from the start of sales.

The complete report of US Mint numismatic product sales appears below. The figures are compiled through April 17, 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. Figures followed by an asterisk (*) are no longer available for sale from the United States Mint. Figures in bold make their debut on this report. Currently available US Mint products can be found online at http://catalog.usmint.gov/

Product Sales Change
2010 AMERICAN BUFFALO GOLD PROOF COIN 48,278 174
2011 ARMY COMMEMORATIVE COINS
$5 Gold Proof 14,332 88
$5 Gold Uncirculated 5,540 39
$1 Silver Proof 94,530 1,359
$1 Silver Uncirculated 37,178 244
50 Cent Clad Proof 56,095 443
50 Cent Clad Uncirculated 33,262 194
2011 MEDAL OF HONOR COMMEMORATIVE COINS
$5 Gold Proof 11,909 188
$5 Gold Uncirculated 4,739 72
$1 Silver Proof 74,851 1,966
$1 Silver Uncirculated 30,948 538
FIRST SPOUSE GOLD COINS
Abigail Fillmore Proof (2010) 6,003 30
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) 5,354* (10)
Mary Todd Lincoln Proof (2010) 5,880 58
Mary Todd Lincoln Uncirculated (2010) 3,357 101
2011 PROOF SETS
2011 U.S. Mint Proof Set 664,984 12,430
2011 Presidential $1 Coin Proof Set 187,402 2,494
2011 America the Beautiful Quarters Proof Set 71,923 2,749
2011 SILVER PROOF SETS
2011 U.S. Mint Silver Proof Set 384,124 10,447
2011 UNCIRCULATED MINT SETS
2011 U.S. Mint Uncirculated Set 326,337 30,791
2010 PROOF SETS
2010 U.S. Mint Proof Set 1,079,676 924
2010 Presidential $1 Coin Proof Set 524,371 353
2010 America the Beautiful Quarters Proof Set 264,806 421
2010 SILVER PROOF SETS
2010 U.S. Mint Silver Proof Set 561,472 266
2010 America the Beautiful Quarters Silver Proof Set 250,403 559
2010 UNCIRCULATED MINT SETS
2010 U.S. Mint Uncirculated Set 568,983 630
2010 Presidential $1 Coin Unc Set 95,254 147
2010 America the Beautiful Quarters 24,707 154
2010 CIRCULATING COIN SETS
2010 America the Beautiful Quarters 15,938 118
2011 NATIVE AMERICAN $1 COIN ROLLS
25-Coin Roll (P) 11,952 685
25-Coin Roll (D) 11,776 731
2010 NATIVE AMERICAN $1 COIN ROLLS
25-Coin Roll (P) 39,134* 0
25-Coin Roll (D) 38,880* (18)
2011 ANDREW JOHNSON $1 COIN ROLLS
25-coin roll (P) 27,367 277
25-coin roll (D) 26,448 242
2010 ABRAHAM LINCOLN $1 COIN ROLLS
25-coin roll (P) 48,437 189
25-coin roll (D) 47,861 73
2010 JAMES BUCHANAN $1 COIN ROLLS
25-coin roll (P) 33,747 34
25-coin roll (D) 33,194 31
2010 FRANKLIN PIERCE $1 COIN ROLLS
25-coin roll (P) 35,484 23
25-coin roll (D) 34,756 17
2009 ZACHARY TAYLOR $1 COIN ROLLS
25-coin roll (P) 40,015 17
25-coin roll (D) 38,147 13
2009 JAMES K. POLK $1 COIN ROLLS
25-coin roll (P) 42,476 17
25-coin roll (D) 40,777 16
2011 KENNEDY HALF DOLLAR BAGS & ROLLS
200-Coin Bag 3,615 127
Two-roll set 15,123 345
2011 GLACIER QUARTER BAGS & ROLLS
100-coin bag (P) 2,884 187
100-coin bag (D) 2,835 180
Two-Roll Set (80 coin) (P&D) 21,029 1,102
2011 GETTYSBURG QUARTER BAGS & ROLLS
100-coin bag (P) 4,275 24
100-coin bag (D) 4,140 25
Two-Roll Set (80 coin) (P&D) 28,331 276
2010 MOUNT HOOD QUARTER BAGS & ROLLS
100-coin bag (P) 5,912 17
100-coin bag (D) 5,677 15
Two-Roll Set (80 coin) (P&D) 32,234 76
2010 GRAND CANYON QUARTER BAGS & ROLLS
100-coin bag (P) 6,474 12
100-coin bag (D) 6,812 12
Two-Roll Set (80 coin) (P&D) 34,109 66
2010 YOSEMITE QUARTER BAGS & ROLLS
100-coin bag (P) 7,048 11
100-coin bag (D) 7,092 14
Two-Roll Set (80 coin) (P&D) 36,697 51
2010 YELLOWSTONE QUARTER BAGS & ROLLS
100-coin bag (P) 8,240 11
100-coin bag (D) 8,714 13
Two-Roll Set (80 coin) (P&D) 41,821 45
2010 HOT SPRINGS QUARTER BAGS & ROLLS
100-coin bag (P) 9,667* 7
100-coin bag (D) 9,006* 9
Two-Roll Set (80 coin) (P&D) 46,790* 41
2010 LINCOLN TWO-ROLL SETS
Preservation of the Union 174,845 201
PRESIDENTIAL DOLLAR COIN COVERS
William Henry Harrison 29,374 25
John Tyler 26,147 22
James K. Polk 24,364 19
Zachary Taylor 23,328 21
Millard Fillmore 22,227 26
Franklin Pierce 20,554 24
James Buchanan 19,102 33
Abraham Lincoln 29,738 205
Andrew Johnson 16,142 127
PRES $1 COIN & FIRST SPOUSE MEDAL SETS
Abigail Fillmore 9,379 10
Jane Pierce 7,245 8
James Buchanan's Liberty 6,598 12
Mary Todd Lincoln 11,863 99
AMERICA THE BEAUTIFUL QUARTER 3 COIN SETS
Hot Springs National Park 17,456 223
Yellowstone National Park 17,280 258
Yosemite National Park 14,835 384
Grand Canyon National Park 12,418 12,418

 


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Comments

  1. Brad says:

    The title on this week’s post should have ended with “Oh my!” :)

  2. Rod says:

    I do not see the figures for the “2011 America the Beautiful Quarters Silver Proof Set”. They started selling on 4/1 and
    just curious how many sold before they stopped sales on the 18th.
    Short window.

  3. Coin Update says:

    I haven’t received any figures on this product. I will see if I can get some and post here if successful.

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