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Mint To Release GW Presedential Dollars First Day Coin Covers On April 4th at Noon - SOLD OUT

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  • levinlllevinll Posts: 1,231 ✭✭✭
    Can someone inform me as to what is the mint selling on May 1st ?

    May 1 Washington Official First Day Coin Cover
  • Washington STATE. I asked this question yesterday and felt silly when I figured it out.
  • levinlllevinll Posts: 1,231 ✭✭✭
    oh. Now don't I feel sheepish !
  • Pitboss,

    I hope all 24 that you have left are the same quality.

    I opened one of 10 to give the weekend to grandson,and was shocked at how beat up they are.

    Denver had 4 deep ticks on Washington Bust(Philly about same but not as deep)....reverse 2,...strike week.....rough sanded like areas on reverse.

    Ticks were so deep that stricking two circulated dollars together hard with hands did not produce anything near as deep.

    Gary
    The Victorian Collection
    EMAIL:
    relictrader@suddenlink.net
  • CasmanCasman Posts: 3,935 ✭✭


    << <i>Here's the thing, whether or not your interested in a numbered box, I know some are not, before opening look closely at the box size, if it's smaller look at the sides, underneath the brown packing tape is the label. If you only ordered covers, then I have learned from "actual" people some are coming loose, and some are coming in smaller numbered boxes, wherein they (If ordered just themselves) did in fact open them insert the packing slip then retaped the box. Thus remove the tape and there's the label >>



    After talking to a few other live people, some have indicated the resealing appears independent of the tape over the label, which is believed to hide or protect viewing the contents during shipping.
  • WinPitcherWinPitcher Posts: 27,726 ✭✭✭
    My 10 sets came today as well. The mint shipped them for free. (I had another order that came last week) My 10 came loose in a brown box. each set is in a white envelope that is sealed.

    I am going to sit on mine as well. The value is in the fact that they are sealed. IMO


    Steve
    Good for you.


  • << <i> Thus remove the tape and there's the label >>



    I have one of those labels on one of my boxes and it is covered in packing tape which is impossible to remove without damaging the label.
  • BigDaddyzBigDaddyz Posts: 1,306 ✭✭✭
    all my orders say "in stock and reserved" but the status is "your order request is on hold"

    Is that what others are seeing?
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  • Weather11amWeather11am Posts: 2,059 ✭✭✭
    Mine are shipped!!!
  • CasmanCasman Posts: 3,935 ✭✭


    << <i>all my orders say "in stock and reserved" but the status is "your order request is on hold"

    Is that what others are seeing? >>



    Don't remember seeing that on mine, nor any of my buddies. Maybe call the mint.
  • planetsteveplanetsteve Posts: 1,425 ✭✭✭✭
    I was pretty much tuned out of this thread until I saw the SOLD OUT notice. Then I immediately went to the Mint site and placed two orders, one for 99 and one for ten.

    Lucky me -- and thanks guys! -- my orders have already shipped within the few days since my order. What am I going to get? It sounds like I'll get ten loose white boxes in one shipment and 99 loose boxes in the other.

    Is there any chance I'll get a sealed box within a shipment, containing, say, fifty covers? Is there any resale benefit to keeping a *quantity* of covers sealed within a single shipping box?

    It seems that all have to do to maximize resale is keep the individual covers sealed within their individual white boxes. Is this also required for TPG submissions?
  • pf70collectorpf70collector Posts: 6,736 ✭✭✭
    I personallly don't see any significance for the box number unless a TPG is willing to label it as First Box Released on the label, which I highly doubt. These are all individually sealed in a white cardboard envelope with a pull tab to open. But good luck to all who have such boxes and sell them as unopened.
  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭


    << <i>I personallly don't see any significance for the box number unless a TPG is willing to label it as First Box Released on the label, which I highly doubt. >>

    My guess is that you can get NGC to do it if you have the right connections. They've done similar inserts before.


  • << <i>It seems that all have to do to maximize resale is keep the individual covers sealed within their individual white boxes. Is this also required for TPG submissions? >>



    NGC will take them as long as the platic wrap around the cover is intact. I'm not sure what PCGS's requirements are, as they haven't addressed their treatment of this Cover very clearly.


  • << <i>

    << <i>It seems that all have to do to maximize resale is keep the individual covers sealed within their individual white boxes. Is this also required for TPG submissions? >>



    NGC will take them as long as the platic wrap around the cover is intact. I'm not sure what PCGS's requirements are, as they haven't addressed their treatment of this Cover very clearly. >>


    PCGS just announced how they will certify the covers.-


    << <i>PCGS Revises Guidance For First Day of Issue Presidential Dollars

    Revised April 19, 2007

    The first coin of the new Presidential Dollar series (the Washington $1) was released on February 15, 2007. Special First Day of Issue inserts are available for Presidential Dollar coins through the PCGS Bulk Submissions program, under the following options.

    1/. Official Release Date. Coins delivered to PCGS on the first official day of their release or sent in sealed packages postmarked on that date.

    2/. Mint-sealed Boxes. Coins housed in original, mint-sealed boxes with a white seal bearing the name of the President (i.e. "PRESIDENT GEORGE WASHINGTON") and the official release date (i.e. "DO NOT BREAK SEAL UNTIL FEB. 15"). Such boxes must also contain the date stamp of the Mint inspector (see below). The same rules will apply to future Presidential Dollars unless the Mint makes changes in their packaging and sealing.

    3/. U.S. Mint Official American Presidency $1 Coin Cover Series. These are First Day of Issue Covers sold by the U.S. Mint, each containing two coins (one from Philadelphia, one from Denver), both from the first day of production. The holder is stamped and postmarked on the official first day of issue (see below). Coins will be removed from the holder and graded separately. The original shipping boxes need not be sealed, but the covers must be submitted intact and unopened. A minimum of 50 covers may be submitted through the Bulk Submissions program. PCGS is currently developing an option for encapsulating the entire cover. PCGS does not offer a First Day of Mintage (or Production) option.
    First Day of Issue inserts are only available through the PCGS Bulk Submissions program. Each order must contain a minimum of 100 coins (or 50 First Day of Issue Covers). All bulk orders should be submitted directly to the PCGS offices and will not be accepted at shows. If you have any questions about submitting bulk coins, please contact the Bulk Department at (949) 567-1216.

    PCGS Guidance is based on the best information available at the time the guidance is developed. PCGS, at their discretion, may adjust guidance as new information becomes available. >>



    Link
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>

    << <i>It seems that all have to do to maximize resale is keep the individual covers sealed within their individual white boxes. Is this also required for TPG submissions? >>



    NGC will take them as long as the platic wrap around the cover is intact. I'm not sure what PCGS's requirements are, as they haven't addressed their treatment of this Cover very clearly. >>





    thread on revised PCGS requirements

    anyway mine were shipped today

    Loaded
  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭


    << <i>PCGS is currently developing an option for encapsulating the entire cover. >>

    Can't wait to see it.
  • 08HALA2008HALA20 Posts: 3,066 ✭✭✭


    << <i>Here's the thing, whether or not your interested in a numbered box, I know some are not, before opening look closely at the box size, if it's smaller look at the sides, underneath the brown packing tape is the label. If you only ordered covers, then I have learned from "actual" people some are coming loose, and some are coming in smaller numbered boxes, wherein they (If ordered just themselves) did in fact open them insert the packing slip then retaped the box. Thus remove the tape and there's the label >>



    You got it right. The Mint placed packing tape over their label in order to ship it. I removed the packing tape and can see the label. So there are 50 loose covers in this box.
    The one I have is a box of 50 #rd 901/1000

    Rookie Joe

  • OPAOPA Posts: 17,141 ✭✭✭✭✭
    "First Day of Issue inserts are only available through the PCGS Bulk Submissions program. Each order must contain a minimum of 100 coins (or 50 First Day of Issue Covers)."

    At least this puts to rest one of our concerns. image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • PCGS does not offer a First Day of Mintage (or Production) option

    That is unfortunate. Mine go to NGC
  • OPAOPA Posts: 17,141 ✭✭✭✭✭


    << <i>That is unfortunate. Mine go to NGC >>



    Yup .. sure is. Mine will remain in their white sleeves... image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."


  • << <i>PCGS does not offer a First Day of Mintage (or Production) option

    That is unfortunate. Mine go to NGC >>


    No point in spending $15 for the coin cover to submit and get the same FDI designation you can get from bank rolls when they come out. Guess we will have to wait and see what option to encapsulate the whole cover PCGS will offer.
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • BigDaddyzBigDaddyz Posts: 1,306 ✭✭✭
    So you can send in an entire box of 1000 if its sealed and has the label "do not open til 2/15"

    Interesting. Not that I can afford 12k to certify a box...but interesting
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  • Thats strange,If its sold out ,How can you place an order.
  • CasmanCasman Posts: 3,935 ✭✭
    I think maybe what was meant was that they placed up language that said max orders placed, will continue to take order in event of cancellations, he ordered, someone cancelled he got in, if that's what you were referring to.


  • << <i>

    << <i>PCGS does not offer a First Day of Mintage (or Production) option

    That is unfortunate. Mine go to NGC >>


    No point in spending $15 for the coin cover to submit and get the same FDI designation you can get from bank rolls when they come out. Guess we will have to wait and see what option to encapsulate the whole cover PCGS will offer. >>




    this just a thought on my part but these coin covers are first day of production which would be first strikes. these may grade higher than the rolled coins. a D mint ms67 just sold on ebay for $3,900 as there are only 3 existing right now. some people want to take the chance to get that ms68. cheersimage
    my ebay items BST transactions/swaps/giveaways with: Tiny, raycyca,mrpaseo, Dollar2007,Whatafind, Boom, packers88, DBSTrader2, 19Lyds, Mar327, pontiacinf, ElmerFusterpuck.
  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭


    << <i>this just a thought on my part but these coin covers are first day of production which would be first strikes. >>

    It's possible that GW$ FDCC coins do not qualify as First Strikes under the currently published PCGS definition. From the Lingo page:

    << <i>Beginning in 2004, PCGS began designating coins delivered by the U.S. Mint in the 30 day period following the initial sales date of a new product as "First Strike". For instance, new American Silver Eagles typically go on sale each January 1st, thus any coins delivered between January 1 and January 31 qualify for the First Strike (TM) designation. >>

    FDCCs were delivered by the US Mint more than 30 days after the initial delivery of business strikes to the general public.

    If you want to consider the FDCCs a separate product from the business strikes then you have to use the FDCC initial delivery date, not the GW$ initial delivery date.
  • 08HALA2008HALA20 Posts: 3,066 ✭✭✭
    Just some rambling thoughts before bedtime:

    Sealed mint boxes I do not think will have any premium.
    The white SEALED envelope they come in is sturdy and protects the cover very well from any reasonable handling.

    I think they will sell briefly in the 40+ range maybe peak around $50.
    That is when I will sell by 3 boxes.


    I opened a box of 10 tonight. I will sell 2 ea. to 2 friends at U S Mint issue price.
    I want to see how NGC does the coin covers so I am sending in 5 to them.
    That leaves 1 coin cover I opened to look at.

    I think the Mint did a great job with these covers.

    The coins in the 6 sets I opened look terrible. Just like the rolls.

    Rookie Joe




  • CasmanCasman Posts: 3,935 ✭✭
    Is it correct that for the NGC cover's, we get to cherry pickem, just req'd to leave them in shink wrap? Lastly it is only 25 total for each cover under Modern Tier, correct?
  • BigDaddyzBigDaddyz Posts: 1,306 ✭✭✭
    this white cardboard cover with the zipper on it is really a mailer isn't it? Would it be acceptable to just stick an address label on it and mail it? Is that how people are mailng these single item sales? Or do they need to be packaged in something else?
    Just a thought.
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  • << <i>this white cardboard cover with the zipper on it is really a mailer isn't it? Would it be acceptable to just stick an address label on it and mail it? Is that how people are mailng these single item sales? Or do they need to be packaged in something else? >>



    It would probably be acceptable to most people, but there'd probably be a few who complain and/or neg (particularly if you are selling a lot of them--there are always a few bad apples). I'm just putting them inside 9x12 manila envelopes ($9 for 150 at Sam's), then folding the excess width over and taping it (essentially folding it in half, lengthwise).
    I heard they were making a French version of Medal of Honor. I wonder how many hotkeys it'll have for "surrender."
  • OPAOPA Posts: 17,141 ✭✭✭✭✭


    << <i>this white cardboard cover with the zipper on it is really a mailer isn't it? Would it be acceptable to just stick an address label on it and mail it? Is that how people are mailng these single item sales? Or do they need to be packaged in something else?
    Just a thought. >>


    There is no zipper on the cardboard sleeve, it will need to be packaged. A 11" x 8" bubble mailer is perfect for the FDCC's
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • BigDaddyzBigDaddyz Posts: 1,306 ✭✭✭
    A quick look at the bay shows that the number of items for sale has jumped from 80 at a time for the past several days to 120. The price seems to be rising towards 30 and the lowest BIN is $28

    Looking good.
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  • << <i> all my orders say "in stock and reserved" but the status is "your order request is on hold" >>



    This indicates there is a problem with the credit card clearing. Not necessarily insufficient credit line, it could be an address issue. Call the mint NOW, find out the problem, and record the name of the person you talked to and the time and date of call.

    FloridaBill
  • BigDaddyzBigDaddyz Posts: 1,306 ✭✭✭


    << <i>this indicates there is a problem with the credit card clearing. Not necessarily insufficient credit line, it could be an address issue. Call the mint NOW, find out the problem, and record the name of the person you talked to and the time and date of call.

    FloridaBill >>




    Thanks for the advice Bill. I went to the mint site and checked again so I could call in order numbers and they had all changed status. 4 orders of 50 had changed to "in process" again and 2 orders say "ship on 5/4". I think I'm ok.
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  • We found # 999/1000: Link to Box # 999/1000

    I hope nobody here ordered later than Sunday morning. Sounds like we were at the end of the line.
    Seth
  • My initial plan was to immediately flip (within the 30 day return period) the majority of the covers I bought, but I’m beginning to rethink that strategy. Here’s the reason:

    All of the other recent “hot issues” were shipped in bits and pieces…this is the first time the entire production basically shipped all at the same time. Therefore, the “quick flippers” could all be “quick flipping” at the same time, leading to a temporary supply/demand imbalance vis-à-vis the REAL supply/demand equilibrium. This theory doesn’t not imply a softening of price…it could and very well probably will exist in a rising price environment.

    BUT, if the theory is correct, the prices will not be rising as fast as they would have had the entire supply not been shipped at the same time. This would imply that once the supply from the “quick flippers” is exhausted, the assent in price will be more rapid than we are accustomed to in the issues that are released piecemeal.

    Comments?

    FloridaBill
  • image

    This is a product that will get much better the more it is published in the papers. Few people even know it exists!
    Seth


  • << <i>My initial plan was to immediately flip (within the 30 day return period) the majority of the covers I bought, but I’m beginning to rethink that strategy. Here’s the reason:

    All of the other recent “hot issues” were shipped in bits and pieces…this is the first time the entire production basically shipped all at the same time. Therefore, the “quick flippers” could all be “quick flipping” at the same time, leading to a temporary supply/demand imbalance vis-à-vis the REAL supply/demand equilibrium. This theory doesn’t not imply a softening of price…it could and very well probably will exist in a rising price environment.

    BUT, if the theory is correct, the prices will not be rising as fast as they would have had the entire supply not been shipped at the same time. This would imply that once the supply from the “quick flippers” is exhausted, the assent in price will be more rapid than we are accustomed to in the issues that are released piecemeal.

    Comments?

    FloridaBill >>



    you know... i was thinking the same thing... glad to hear someone else saying this... i have a bunch and was planning a strategy... I was going to hit the initail wave this weekend with x amount... feel it out and then hit the 2nd wave (higher hopefully)... feel it out... it the price softens I would hold off for a while and see what happens... but hopefully i would at least cover the initial outlay from the first 2 waves and not be too worried after that for the rest.

    /ed
  • WinPitcherWinPitcher Posts: 27,726 ✭✭✭
    There is no zipper on the cardboard sleeve,

    the ones I got have the zipper. However I would not send it without putting the white envelope inside a bubble mailer.


    Steve
    Good for you.
  • WinPitcherWinPitcher Posts: 27,726 ✭✭✭
    Florida Bill

    great post, I was thinking almost the same thing only I could not express it like you did.


    A+

    Steve
    Good for you.
  • I got box 890/1000 from an order I placed on 04/08, but it was impossible to preserve the label because they pasted brown packing tape over it.


  • << <i>I got box 890/1000 from an order I placed on 04/08, but it was impossible to preserve the label because they pasted brown packing tape over it. >>



    They did the same thing to our 873/1000 box. It appears that if you order 50 at a time, they can come taped over & a shipping label on the 50box or 50 loose in a larger box. The orders over 50 appear to have a 50box + loose ones.
    Seth


  • << <i>They did the same thing to our 873/1000 box. It appears that if you order 50 at a time, they can come taped over & a shipping label on the 50box or 50 loose in a larger box. The orders over 50 appear to have a 50box + loose ones. >>



    What date did you order your 873/1000. I'm curious if these are sent out randomly.
  • GATGAT Posts: 3,146
    The Mint used to ship the state quarter FDCs individually in those white zipper cartons. I have quite a few including 15 NJ and 15 PAs received the same day.

    IMO too many Washington FDCs were bought by too small a number of buyers who might panic at any time.
    USAF vet 1951-59


  • << <i>

    << <i>They did the same thing to our 873/1000 box. It appears that if you order 50 at a time, they can come taped over & a shipping label on the 50box or 50 loose in a larger box. The orders over 50 appear to have a 50box + loose ones. >>

    What date did you order your 873/1000. I'm curious if these are sent out randomly. >>



    873/1000 = Saturday, April 7

    The 999/1000 box was ordered on Sunday, April 8 about 12 noon Est
    Seth


  • << <i>The Mint used to ship the state quarter FDCs individually in those white zipper cartons. I have quite a few including 15 NJ and 15 PAs received the same day.

    IMO too many Washington FDCs were bought by too small a number of buyers who might panic at any time. >>


    Many in this thread already panicked, and cancelled their orders, even after all the "success" was announced.

    As for the white zipperflats--if anyone is leaving theirs intact, for whatever reason, you should assume your buyers want them the same way.
  • WinPitcherWinPitcher Posts: 27,726 ✭✭✭
    I agree with leaving them in the white zipper flat thingy unopened.

    That is where the value is right now.


    Steve
    Good for you.
  • 699
  • PCGS is making a big mistake in trying to preserve the First Strike/Frist Day Issue Label on these coins.

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