The following Q&A is excerpted from Clifford Mishler’s Coins: Questions & Answers: Q: Is collecting any type of coin a good investment? A: No! The hobby collector—be it of coins, back-scratchers, or Bavarian beer mugs—is occasionally persuaded to purchase by impulse or sentiment. Indulging frequent lapses into irrationality is part of the fun of maintaining a hobby. But the strictly … [Read More...]
Today is the release date for this year’s Uncirculated Coin Set, and with 5 different dollar coins, 4 from the Presidential series and the revamped ‘Native American’ series, and 6 quarters from the District of Columbia & U.S. Territories series, and 4 bicentennial commemorative Lincoln cents, this set is the largest on record, passing last year’s 28-coin set due to the additional Lincoln cents and the increase from 5 to 6 quarters.
This set’s popularity will be driven by the inclusion of the aforementioned Lincoln cents, made with the same alloy as when the Lincoln design was introduced in 1909. In addition, as the recession caused droves of citizens to empty their Mason jars and water bottles of all their accumulated loose change and cash it in at either the local bank or at a CoinStar machine, the Federal Reserve has not had the need to request the typical levels of change, so the Mint has responded by focusing on the coins they were obligated by law to produce, namely cents, quarters, and dollars, leaving 2009 dimes and nickels in the lurch, causing them to barely make a presence in the circulating coin arena. The half dollar has been in this lurch for years, so the dime and nickel have some company.
The 36-coin set, 18 coins from both the Philadelphia and Denver mints, is available from the U.S. Mint at their web site, www.usmint.gov, and via the telephone at 1-800-USA-MINT (872-6468), for $27.95 plus shipping. It is also available for automated purchase through the Mint’s subscription plan, along with many of their recurring products.
Les Peters publishes a coin blog titled Tales of a Lifelong Coin Collector that describes his experiences related to collecting coins.