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Mint Survey: 2007 New Product Lineup Options

I just finished taking an online survey from the US Mint about new product offerings for 2007. Aside from basic demographic questions and what did you buy this year and what do you plan to buy next year, there were three items that caught my interest. I thought these new items might spark some interest, so I have copied the text from these items below. Discuss...

10th Anniversary American Eagle Platinum Set Options:

OPTION A
The 10th Anniversary American Eagle Platinum Set would contain two coins

- a 2007 American Eagle Platinum Proof 1/2 oz. coin
- an exclusive 2007 American Eagle Platinum Reverse-Proof 1/2 oz. coin (the reverse-proof coin finish has the opposite appearance of a traditional proof coin finish - the image, or device, is shiny and the field is frosted)

This set would cost approximately $1,800.

OPTION B
The 10th Anniversary American Eagle Platinum Set would contain three coins:

- a 2007 American Eagle Platinum Proof 1/2 oz. coin
- an exclusive 2007 American Eagle Platinum Reverse-Proof 1/2 oz. coin (the reverse-proof coin finish has the opposite appearance of a traditional proof coin finish - the image, or device, is shiny and the field is frosted)
- a 2007 American Eagle Platinum Uncirculated 1/2 oz. coin (with 'W' mint mark and a finish that is similar to the bullion coin finish)

This set would cost approximately $2,550.

OPTION C
The 10th Anniversary American Eagle Platinum Set would contain three coins:

- a 2007 American Eagle Platinum Proof 1/2 oz. coin
- an exclusive 2007 American Eagle Platinum Reverse-Proof 1/2 oz. coin (the reverse-proof coin finish has the opposite appearance of a traditional proof coin finish - the image, or device, is shiny and the field is frosted)
- a 2007 American Eagle Platinum Bullion 1/2 oz. coin

This set would cost approximately $2,500.

OPTION D
The 10th Anniversary American Eagle Platinum Set would contain three coins:

- a 2007 American Eagle Platinum Proof 1/2 oz. coin
- an exclusive 2007 American Eagle Platinum Reverse-Proof 1/2 oz. coin (the reverse-proof coin finish has the opposite appearance of a traditional proof coin finish - the image, or device, is shiny and the field is frosted)
- an exclusive 2007 American Eagle Platinum Brilliant Uncirculated 1/2 oz. coin ("brilliant uncirculated" denotes a full-luster uncirculated coin where both the production dies and the coin blanks are polished before striking the coins)

This set would cost approximately $2,650.


-------------------------------------------------
American Buffalo Gold Coin and Currency Set Options:

OPTION A
The American Buffalo Gold Coin and Currency Set would feature:

- a 2007 American Buffalo Gold Proof 1 oz. coin
- a Replica Gold Certificate printed by the Bureau of Printing and Engraving using the original master die

The set would be bound in an attractive, high-end portfolio, possibly leather. The approximate price would be $950.

OPTION B
The American Buffalo Gold Coin and Currency Set would feature:

- a 2007 American Buffalo Gold Uncirculated 1 oz. coin (with 'W' mint mark)
- a Replica Gold Certificate printed by the Bureau of Printing and Engraving using the original master die

The set would be bound in an attractive, high-end portfolio, possibly leather. The approximate price would be $800.


OPTION C
The American Buffalo Gold Coin and Currency Set would feature:

- a 2007 American Buffalo Gold Proof 1/2 oz. coin
- a Replica Gold Certificate printed by the Bureau of Printing and Engraving using the original master die

The set would be bound in an attractive, high-end portfolio, possibly leather. The approximate price would be $550.


OPTION D
The American Buffalo Gold Coin and Currency Set would feature:

- a 2007 American Buffalo Gold Uncirculated 1/2 oz. coin (with 'W' mint mark)
- a Replica Gold Certificate printed by the Bureau of Printing and Engraving using the original master die

The set would be bound in an attractive, high-end portfolio, possibly leather. The approximate price would be $450.


----------------------------------------------------------------

The Presidential $1 Coin Act of 2005 requires the United States Mint to issue new $1 Coins beginning in 2007. The first new coins will be circulating Presidential $1 Coins commemorating four Presidents each year, issued in order of the period of service, beginning with President George Washington. These circulating Presidential $1 Coins will have the same weight and size as the current Sacagawea dollar coins with a manganese brass finish and a new tarnish resistant coating.

As these coins are introduced into general circulation in 2007, the U.S. Mint will also begin offering these coins for sale to collectors. These coins would be available for purchase individually, in bags and rolls, and will also be incorporated into the U.S. Mint's Annual Uncirculated Sets, Annual Proof Sets, and Annual Silver Proof Sets. Additionally, a special 4-coin Presidential $1 Coin Proof Set (similar to the 50 State Quarter Proof™ Sets) would also be offered for sale.

While these Presidential $1 Coins will be introduced into general circulation in the manganese brass finish, the U.S. Mint is considering issuing special Silver Proof editions of these Presidential $1 Coins (similar to the Silver Proof 50 State Quarters, Kennedy Half Dollar, and Roosevelt Dime that are currently included in the Annual Silver Proof Sets). The 4-coin Presidential $1 Coin Proof Set would thus be offered to collectors either in manganese/brass or (for a higher price) in silver. Similarly, purchasers of the Annual Silver Proof Sets would be able to choose to purchase either an Annual Silver Proof Set containing the Presidential $1 Coins in manganese/brass (just as the Sacagawea coin is currently included in the Annual Silver Proof Set in manganese/brass), or alternately purchase an Annual Silver Proof Set containing the special Silver Proof editions of these Presidential $1 Coins (at a higher price).

Annual Silver Proof Sets (14 coins) Select one"

Basic Option: I would purchase the Annual Silver Proof Set containing manganese brass Presidential $1 Coins (at $44.50)

Upgrade Option: I would purchase the Annual Silver Proof Set containing silver Presidential $1 Coins (at $54.50)

Both: I would purchase both versions of the Annual Silver Proof Set

Neither: I would not purchase any Annual Silver Proof Set

----
Presidential $1 Coin Proof Sets (4 coins): Select one

Basic Option: I would purchase the 4-coin Presidential $1 Coin Proof Set containing manganese brass Presidential $1 Coins (at $15.95)

Upgrade Option: I would purchase the 4-coin Presidential $1 Coin Proof Set containing silver Presidential $1 Coins (at $25.95)

Both: I would purchase both versions of the 4-coin Presidential $1 Coin Proof Set

Neither: I would not purchase any 4-coin Presidential $1 Coin Proof Set


EAC member since 2011, one third of the way through my 1793 large cent type set

Comments

  • TheRavenTheRaven Posts: 4,148 ✭✭✭✭
    I would not purchase any of the gold buffalo sets or the platinum coins.....

    They are all way above my budget for the entire year most likely.....

    I think it would be stupid to produce silver presidental coins as well.....
    Collection under construction: VG Barber Quarters & Halves
  • I kind of like the idea of the presidential dollars in silver. Be neat seeing a small silver dollar, as opposed to a commem, or silver eagle dollar. Looks like I might need to update my subscriptions for 2007(fewer), could get expensive with price's going up.
  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭
    Man I'm gonna go broke trying to keep up with all this stuff the mint is producing! image
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • MilesWaitsMilesWaits Posts: 5,413 ✭✭✭✭✭
    I would prefer option A under the Platinum Group cause I would most prefer the reverse proof and the better affordablity, which will be somewhat like the pre 2004 MS Platinum in appearance rather than the very flat looking Unicrculated Platinum Liberty of today.
    The Buffalo would be interesting in the half-ouncer and I suppose more affordable for some, depending on the price of gold, of course.

    Miles
    Now riding the swell in PM's and surf.
  • 7Jaguars7Jaguars Posts: 7,732 ✭✭✭✭✭
    They are jacking the prices over say, the 2006W Unc. set and coins on the platinums. Keep that profit rolling. Presidential dollars leave me cold. Period. They do piss me by offering so many expensive options and trying to "Canadianize" their offerings.

    Has anybody seen the listings of what Canada offers each year - I think the US mint reads this and figures a good thing...
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • KonaheadKonahead Posts: 1,476 ✭✭✭
    I have all the mint silver proof sets, so this will be required to keep it going. Don't see the Plat Eagles or Buffalo coins in my horizion.
    PEACE! This is the first day of the rest of your life.

    Fred, Las Vegas, NV
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭
    That sucking sound you hear is the sound of wallets being emptied for the USMint and their greed....
    I've disliked this "presidential" dollar crap and, while I will buy a proof/mint set to keep my son's collection going, I won't be buying extras and I won't be buying "both" if they are offered.

    They are doing to the proof/mint sets what they have done (imho) to the commems now.....overdone it and pushing people away

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • I would probably buy the silver set if there was a limited mintage.
    250,000 like the ASE sets, 10 sets per household.
    I would really like to see the Richard Nixon dollar.
    image

  • USCGCraigUSCGCraig Posts: 1,008 ✭✭
    I would get the silver presidents. I for one will be getting the first spouses preferably in mint state. I feel this coins are going to be very low mintage especially after the first year or two. Really depends upon how the Mint prices and markets these coins. When it is all said and done, you are looking at over 22 ounces of gold.
    Coast Guard Craig

    Looking for Denmark 1874 20-Kroner. Please offer.
  • Interesting set of reactions here. It is becoming increasingly difficult to keep up with the Mint's product offerings! Next year, there will be 2 gold 4-pc sets, 3 plat multi-piece sets, a run of first wives gold commems, the jamestown gold commem, new dollars, silver dollars - pfew!

    In the survey, there was also a free-form text box for other feedback. Specific things that I commented on included the deceptive marketing for the 20th Anniv gold & silver sets, selling a 10,000 edition series and allowing people to take 10 at a time, and the pricing. I, too, am more interested in the less expensive platinum option, but probably not the gold buffalo at all.

    If you think that the American Legacy set is large and bulky now, just wait until it includes 2 versions of 4 more dollar coins in addition to the state quarters set...

    Just thought the community would like a preview...

    Eric
    EAC member since 2011, one third of the way through my 1793 large cent type set
  • 53BKid53BKid Posts: 2,174 ✭✭✭
    While its nice to speculate on all the different ways the U.S. mint may come up with to extract as much of our expendble dollars as never before, we already know a good part of what's in store for 2007.

    I, for one, am passing on what I've been calling the mint's 'First Hag' series due to start, I believe, in February.

    I've collected gold commemoratives since the 1970s. I think it's atrocious that the mint will be spitting out more gold commems in the next 10 years than in the last 100+. Already announced are the 2007 Jamestown $5 and the 2008 Bald Eagle $5, both of which I'll purchase. In time others wil be announced as well. However, with the 'First Hag' series' they're issuing $10 half-eagles at a rate of 4 per year (most likely in both proof and unc).

    W a y t o o m u c h ! ! !

    I doubt that there will be any kind of popular interest in the 'First Hags'. Overwhelmingly, the majority of collectors just won't have the resources or interest in purchasing 22 ounces of gold, and at significant premiums at that! I sure don't. Besides, given the lack of artistry generally of contemporary American coinage, can you imagine what these coins are going to look like? For many people, they have notions of what many of the presidents look like; most history buffs don't have a clue to what the majority of first lady's look like...or even care!

    The laws of supply and demand require that demand outstrip supply in order for prices to rise, remain there, or move higher. I really have to question how much long-term interest there is in owning these. Unlike many of the U.S. Commemorative series, the state quarter series, or even the Westward nickles, I don't see people having any emotional connection to sustain interest-- perhaps with the exception of someone like Jackie Kennedy or from an historical perspective Martha Washington, Dolly Madison or Mary Todd Lincoln. I don't think there will be as much excitement opening a package with say Franklin Pierce's wife as there is with the ASE or AGE sets.

    The mint in the early 1980s produced a wonderful gold medal series that included the likes of Mark Twain and other noteable Americans. Many of these had extremely limited mintages (around 500-700 I believe.) Despite their severely limited mintages, some 20+ years later these are available for $500-$850, depending on condition. There just isn't any interest there to sustain prices.

    Not unlike what happened with Franklin Mint collectibles and baseball cards, in my estimation there will be quite a few people who will stock up on these initially, but if prices languish, mintages will decline annually. Toward the middle of the series I'd expect mintages dip below 700--despite their rarity I aniticipate that dealers will be paying somewhere around melt.

    At that point the whole program will be completely unprofitable. The impact of overissuing and producing coins that few people care about will yet again raise significant questions in Congress as it did in the 1940 and 50's and could jeopardize the entire commemorative coin program.

    I guess you could sit on them for about 70 years like many of the original gold commemoratives. With mintages from 5,000 to 10,000 these tiny gems were passed on for decades. Its really only within the last 10 years that prices really have increased dramatically.

    But that's the great thing about collecting coins...you can collect what you want!

    Happy Collecting!

    HAPPY COLLECTING!!!
  • fishcookerfishcooker Posts: 3,446 ✭✭

    I like the idea of silver president dollars simply because the regular mangananaese ones tarnish so easily.

    A turd-brown Andrew Jackson coin doesn't sound too great..... image
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭
    Don't forget that they can make only 100 of each set to ensure a sell-out, and allow a few well-positioned speculators to make a killing off of it, at the expense of slightly "slower" or less-connected customers.
  • 7Jaguars7Jaguars Posts: 7,732 ✭✭✭✭✭
    Hey, given Andy Jackson's accomplishments (or lack thereof) maybe an off color dollar would be appropriate!

    I like the "first hags" label. Honestly, who ever came up with the idea? I for one will not purchase either silver presidents or gold girls. Maybe they should be real and put Sally Hemmings on the Jefferson hag piece. This whole PC thing is really killing me when it applies to coins.
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • cheezhedcheezhed Posts: 5,986 ✭✭✭✭✭
    I like the idea of the silver proof and unc dollars.

    Platinum is way too pricey for my modest budget, along with the gold offerings.
    Many happy BST transactions
  • It appears that the Mint will make many people (myself included) better focus their collections. The sheer number of products that they are releasing is becoming very difficult to keep up with, let alone the tremendous cost of many of these new items!

    At times, I need to keep reminding myself that this is a hobby and should be fun, not an investment portfolio that causes stress and grief...

    Hampering the overall process is the lack of originality we've been seeing lately from the mint. Buffalo nickels are cool. The buffalo commem in 2001 is OK. The 06 gold buffalo is uninteresting to me. The design of the morgan dollar is nice, but recycling the reverse for the SF mint commem seems uninspired.

    Just my 2 cents.
    Eric
    EAC member since 2011, one third of the way through my 1793 large cent type set
  • I would be inclined to get the manganese pres $ in the proof set, and the silver one in the separate silver pres $ set (the one like the separate state quarters only)
  • aficionadoaficionado Posts: 2,309 ✭✭✭

    None of the above on the Plat. All we need is the Rev. Pr.

    Silver Prez dollars - yes.

    An 1 oz, Unc. "W" Buffalo would be good IF they DO NOT offer the "W" as a single and the set is limited to 50,000 or less. Otherwise just do a proof.



  • pf70collectorpf70collector Posts: 6,731 ✭✭✭
    If the platinum sets have a low mintage says 5000. I would buy some.
  • TheRavenTheRaven Posts: 4,148 ✭✭✭✭
    The last mint survey I took talked about 1/10 oz platinum coins from the different mints or with different finishes and that would be interesting.....

    I collect the 1/10 oz gold and platinum proofs coins so that is probably why they asked about those.....

    As long as the mint does not offer painted coins and ones with jewels in them and so forth I am okay.....

    They can offer whatever they want I will only purchase what I want and they can't force me to purchase anything I don't want.....
    Collection under construction: VG Barber Quarters & Halves
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    I called the Rev. Prf Plats two months ago for next years' anniversary.

    Silver prez would sure be nice in the silver proof sets. Plus, the mint will market two coin prez(silver) and hag(gold) set in unc, proof, w-unc, and rev prf imho. The latter two may take a couple of years...but you can see it all unfold. This year it would take $28,000 to buy all mint products. Who can do that? Not the average collector...so with that in mind, there are some future key coins in the upcoming series. It's just a matter of setting up a game plan now.
  • 7Jaguars7Jaguars Posts: 7,732 ✭✭✭✭✭
    OK, thinking about this I think that there are people that would buy ANYTHING the mint produces if the mintage were low enough. I think I have been a sucker in the past by falling for this (although I am happy the Cap Visitor Ctr. $5 went up by as much as it did - the thing is butt ugly and that is why there were few takers). I think they are getting ridiculous; also I am not sure why everybody is so crazy about the rev. proofs - the Britannias have had these for nearly 10 years and really a ho -hummer on artistic grounds.
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • Since I have every proof set from 1955 on to the present and all of the silver ones, I would naturally have to keep them up to date.
    I think the new pres. $1.00 coins would be a bonus as they would be something different!
    Just one persons opinion!image
    imageCollector Of All U.S. Gold Coinage!
    Antique Soda Bottles And Antique Soda Related
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    Life is too short, I might as well buy Gold while I'm still around!image
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  • I agree: the big factor now is choosing a strategy since I certainly don't have $28k to keep up with everything each year! There are many likely "winners" over the next few years - picking them ahead of time might not be so easy...

    Eric
    EAC member since 2011, one third of the way through my 1793 large cent type set
  • TheRavenTheRaven Posts: 4,148 ✭✭✭✭
    Even if the coin has a really low mintage, if I don't like the coin or want the coin, in my opinion there is no point in getting that coin.....

    I treat the stuff as a collector first investor/ferangi second.....
    Collection under construction: VG Barber Quarters & Halves

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