Mint to issue Reverse Proof Presidential Dollars in 2015

CaptHenway · May 2, 2015 12:50AM

Coin World is reporting that the Mint will issue four reverse proof Presidential dollars in 2015 but only in separate Coin & Chronicles sets:

linky

Because what better way to tick off collectors than by making a series harder to complete?

keyman64 · May 2, 2015 12:52AM

FullStrike · May 2, 2015 1:09AM

If you don't want to bother with these , that will be fine. The big boys already have arrangements to snag 98% of
production. They will be happy to sell you a slabbed one for $300 or so.

keyman64 · May 2, 2015 1:49AM

A limit of 17K is interesting. That is getting closer to the 5K Mintage of the 2000P, Goodacre Presentation Finish or the 5.5K Mintage of the 2000P Boldly Detailed Tail Feathers (Cheerios).

These new ones won't be rare by any stretch of the imagination but will the TRUE COLLECTOR DEMAND outweigh the supply after all of the flippers are done?

19Lyds · May 2, 2015 2:07AM

<< A limit of 17K is interesting. That is getting closer to the 5K Mintage of the 2000P, Goodacre Presentation Finish or the 5.5K Mintage of the 2000P Boldly Detailed Tail Feathers (Cheerios).

These new ones won't be rare by any stretch of the imagination but will the TRUE COLLECTOR DEMAND outweigh the supply after all of the flippers are done? >>

It may be a bloody campaign for a while.......................

BigA · May 2, 2015 2:25AM

More discussion in this tread:

Reverse PF $1

keyman64 · May 2, 2015 2:31AM

<< More discussion in this tread:

Reverse PF $1 >>

RP in the thread title did not jump out at me and I bypassed that thread as just another general modern dollar chat.

ricko · May 2, 2015 2:49AM

As I commented in the other thread...just another gimmick to promote the prezzie sales....These and the hags are just non-starters for me... Cheers, RickO

FullStrike · May 2, 2015 4:17AM

<< As I commented in the other thread...just another gimmick to promote the prezzie sales....These and the hags are just non-starters for me... Cheers, RickO >>

The US Mint and their games with these moderns is about to make me ill.

But when the problems with classics are considered ; pricing, grading, stickering,
toning, dipping, whizzing, alteration of surfaces, etc - I'll stick with moderns.

JJSingleton · May 2, 2015 4:24AM

It is what it is. So I guess the 10 Presidential Dollar collectors will have to pony up to complete their sets.

TopographicOceans · May 2, 2015 4:30AM

I have a complete set of Presidential dollars because they come in my annual proof sets.
But I won't be buying these since I don't collet the series directly.

kiyote · May 2, 2015 4:31AM

I'd be more on board if they had begun the program in 2007.

ctf_error_coins · May 2, 2015 4:33AM

I'll go against the grain.

I think its a great idea, 17,000 is fairly low mintage

Waaaay better then producing a billion coins all the same.

I absolutely love these modern rarities .......

MsMorrisine · May 2, 2015 6:28AM

I'm crying inside that they are doing this.

CaptHenway · May 2, 2015 6:28AM

Why don't they just scatter them amongst 10,000,000 boxes of Cheerios.........

MsMorrisine · May 2, 2015 6:30AM

yes, it could be worse....

Overdate · May 2, 2015 7:35AM

Reverse proof presidential dollars should also be available in the 2015 reverse proof set.

"S" mint mark for the reverse proof set and "P" mint mark for the C&C sets.

BryceM · May 2, 2015 7:47AM

I can barely stomach having Blue Ikes in my business-strike type set. Even early US proofs have no appeal to me. Dealers and auction houses who list proofs and business-strike coins together make me crazy. I can't even tell you how far down the list a reverse-proof Pres Buck would be. I guess people can collect however they'd like, but to me it's more fun to collect things that were never meant to be collected. Why can't the mint stick to manufacturing coins for commerce?

Overdate · May 2, 2015 12:31PM

<< I guess people can collect however they'd like, but to me it's more fun to collect things that were never meant to be collected. Why can't the mint stick to manufacturing coins for commerce? >>

Um, because other collectors have different preferences? I don't have a problem with the mint striking coins I don't like - I simply don't buy them.

Zoins · May 2, 2015 2:22PM

I'm guessing someone was thinking reverse proofs worked pretty well for the ASEs and AGEs....

Zoins · May 2, 2015 2:24PM

<< I guess people can collect however they'd like, but to me it's more fun to collect things that were never meant to be collected. Why can't the mint stick to manufacturing coins for commerce? >>

Part of it is because the people we elect to represent us in Congress tell the Mint to do so.

BigA · May 2, 2015 9:57PM

<< 

<< I guess people can collect however they'd like, but to me it's more fun to collect things that were never meant to be collected. Why can't the mint stick to manufacturing coins for commerce? >>

Part of it is because the people we elect to represent us in Congress tell the Mint to do so. >>

I would think the profit made by issuing these products might be a reason.....just maybe

BackroadJunkie · May 2, 2015 11:13PM

I'll be buying all four for the C&C sets, not so much the RP brassbucks, though that might drive sales. (I have the Marshall, Franklin, Lincoln, TR and FDR, which I think are all of 'em. The manale (that's the anal in me) will want to complete the series.)

The 2013 TR C&C set sold out at 15.1K.

The FDR C&C set (FD9) is currently at 12.5K, and I expect sales to end this month.

The RP prezzies will probably cause a sell out. I just hope the quality of the sets are better than the FDR C&C.

jmski52 · May 3, 2015 3:21AM

when the problems with classics are considered ; pricing, grading, stickering, toning, dipping, whizzing, alteration of surfaces, etc - I'll stick with moderns.

You forgot Chinese counterfeits and counterfeit slabs.

The only way that the Mint is going to stop over-issuance of these endless varieties is when it becomes abundantly clear that there is no secondary market for them, and that will only happen after about 20 more years for this trend to make a full circle. Anyone here collect 1970's, 1980's and 1990's Proof Sets? Me neither.

I think that the dividing line will always be precious metal content. Since 1986, precious metal content has been the backup for over-issuance, even considering this new strategy to milk collectors for every new finish, mintmark, composition and packaging option that comes along. Take away the precious metal factor, and regardless of whatever new toy the Mint has to keep pumping out new varieties, we are back to 1971 all over again.

BigA · May 3, 2015 6:05AM

The bad thing about including a unique coin in these special sets is that all the effort that goes into making an attractive package and product is toast since most will be ruined by removing the coin and getting it graded...

FullStrike · May 3, 2015 6:36AM

you forgot Chinese counterfeits and counterfeit slabs

Yes I did forget those. And I had an encounter with a counterfeit 1908
St Gaudens in a counterfeit PCGS Slab way back around 2001. The slab
threw me off but the appearance of the "Gold" Coin was all wrong. It
looked like the finish on a cheap gold colored watch and it had a burnished
appearance.

The ebay ripoff scammer did give me my money back but still, the memory
of that close call has stayed with me. It's experiences like that , that
can sour the whole game pretty fast.

This absolute worst thing that can happen is have a trusted dealer
sell you puttied, whizzed, garbage with a sticker. You trust the grade,
the sticker, and the Dealer. Years later the putty turns and in the
meantime the dealer becomes a critic of overgraded " dreck" sold by
shoddy merchants that can't grade.

Yes, this is a wonderful hobby. I remember collecting in its purest form -
from pocket change. It seems all these slabs and stickers and slickster
Dealers pumping the market for $Million pennies , nickels and dimes , has
turned really bad.

Give me modern dreck from the US Mint. I do exercise my right to pass
on the worst of junky offerings.

DeepCoin · May 3, 2015 10:16AM

The Mint cares NOT about the secondary markets for their products. Their only focus is on the sale of that individual item and will it make money. At the end of the day, all the money made by the Mint goes to the Treasury Department general fund. People forget that the Mint takes ZERO dollars in money from Congress and sends back hundreds of MILLIONS of dollars to Treasury.

brendanlam · May 5, 2015 12:24AM

This set release in JUNE/2015.

BigA · May 5, 2015 12:31AM

I thought all 4 of the sets were being released in December

BackroadJunkie · May 7, 2015 9:32PM

Mint announced a June 30 release date yesterday:

6/30/2015...2015 Coin & Chronicles Set – Harry S. Truman...$57.95...(Product code AX1)

Placeholder page on the site has been created:

2015 Coin & Chronicles Set - Harry S. Truman

BillJones · May 7, 2015 10:10PM

I hate to use the phrase, but with this creation the mint is now fully immersed and committed to the furtherance of the production of "modern junk." I have no interest in these presidential reverse Proof coins whatsoever.

bronco2078 · May 7, 2015 10:30PM

<< I hate to use the phrase, but with this creation the mint is now fully immersed and committed to the furtherance of the production of "modern junk." I have no interest in these presidential reverse Proof coins whatsoever. >>

OMG its cameo but the other way round

step1 buy ugly and or pointless mint product

step 2 ???????????????????????????

step 3 PROFIT!!!!!!!!!!

Worst of all from this point of view are those more uncivilized forms of eating, like licking an ice cream cone –a catlike activity that has been made acceptable in informal America but that still offends those who know eating in public is offensive.

- Leon Kass

BillJones · May 8, 2015 2:01AM

If there is a profit to be made from these things, collector tastes will have to change. When I was a dealer the regular Proof versions of these coins were super unpopular. I could barely get any more than face value for the four piece set.

Bochiman · May 8, 2015 2:06AM

2 things:

1) Another chance to see certain forum members who ONLY come to threads where flip products are mentioned and/or to the BST to sell them in quantities far above the mint's HH limits
2) Just need a set that has a reverse proof cent and a reverse proof nickel and then all denominations will have been covered....

bronco2078 · May 8, 2015 2:19AM

<< If there is a profit to be made from these things, collector tastes will have to change. When I was a dealer the regular Proof versions of these coins were super unpopular. I could barely get any more than face value for the four piece set. >>

It would be so much easier to remove collector taste from the equation. The mint works hard to come up with cheesy ideas if purchase is voluntary sales will suffer . Can't we find a way to force or at least shame collectors into buying?

The beatings will continue until morale improves
-Mahatma Ghandi

dpoole · May 8, 2015 2:23AM

Ya basta!!

FullStrike · May 8, 2015 2:51AM

I'm getting the feel that a madmans on the loose at Mint Headquarters. He's got his finger on the Nuclear Button.

Jackie Kennedy Reverse Proof First Spouse Gold. Mintage limit 100.

CaptHenway · May 8, 2015 3:06AM

<< I'm getting the feel that a madmans on the loose at Mint Headquarters. He's got his finger on the Nuclear Button.

Jackie Kennedy Reverse Proof First Spouse Gold. Mintage limit 100.

>>

Muled with the obverse die from the John Kennedy dollar...........

kiyote · May 8, 2015 3:11AM

Why not just restart the program with George Washington and go with reverse proofs with those?
What fun!

bronco2078 · May 8, 2015 3:14AM

<< Why not just restart the program with George Washington and go with reverse proofs with those?
What fun! >>

OMG they could put removable wooden teeth in the Washington dollar. I'd like to see those filthy Canadians top that.

OPA · May 8, 2015 5:34AM

This set will be a winner and most likely sold out in an hour. Only because of the low mintage, by US Mint standards.

BackroadJunkie · May 12, 2015 7:46PM

Placeholder pages on the US Mint web site:

Truman AX1 June 30, 2015
Eisenhower AX2 December 2015
Kennedy AX3 December 2015
Johnson AX4 December 2015

pf70collector · May 12, 2015 8:53PM

I am waiting for the enhanced spouse medals.

BillJones · May 12, 2015 9:15PM

<< This set will be a winner and most likely sold out in an hour. Only because of the low mintage, by US Mint standards. >>

"Low mintage" is flypaper for collectors who are "insufficiently thoughtful" which is PC word substitution you get when you use words like "idiotic" and "stupid" ATS.

When someone calls a modern commemorative coin with a mintage of 5,000 "rare" I have to laugh. If that is your standard for "rare" then you should buy up quantities of 19th century coins ("classic coins"). You will have a whole of collection of "rare coins," probably for less money, that could well be easier to sell in the future. The 5,000 standard for "rare" applies to the majority of issues from that era, not because of mintages but because of the number of pieces that have survived. Five thousand is "common" for many coins from the 1800s and earlier.

jmski52 · May 12, 2015 9:35PM

Do you think there might be a "Billy Beer" 40th Year Commemorative this year? Special Finish?

BigA · May 12, 2015 9:43PM

<< Do you think there might be a "Billy Beer" 40th Year Commemorative this year? Special Finish? >>

I saved a can of that crap and I just checked it out and it is completely empty...no evidence of leakage....hmmmm

OPA · May 12, 2015 9:54PM

<< 

<< This set will be a winner and most likely sold out in an hour. Only because of the low mintage, by US Mint standards. >>

"Low mintage" is flypaper for collectors who are "insufficiently thoughtful" which is PC word substitution you get when you use words like "idiotic" and "stupid" ATS.

When someone calls a modern commemorative coin with a mintage of 5,000 "rare" I have to laugh. If that is your standard for "rare" then you should buy up quantities of 19th century coins ("classic coins"). You will have a whole of collection of "rare coins," probably for less money, that could well be easier to sell in the future. The 5,000 standard for "rare" applies to the majority of issues from that era, not because of mintages but because of the number of pieces that have survived. Five thousand is "common" for many coins from the 1800s and earlier. >>

I believe you need a refresher course in reading....no one indicated that this is going to be a "rare" issue, however by US Mint standards, it will be a low mintage figure.

BigA · May 12, 2015 10:09PM

Proof Dollar mintage....around 1.4 million (not low)

Reverse proof mintage ......17 thousand.....(low)

BillJones · May 12, 2015 10:43PM

<< 

<< 

<< This set will be a winner and most likely sold out in an hour. Only because of the low mintage, by US Mint standards. >>

"Low mintage" is flypaper for collectors who are "insufficiently thoughtful" which is PC word substitution you get when you use words like "idiotic" and "stupid" ATS.

When someone calls a modern commemorative coin with a mintage of 5,000 "rare" I have to laugh. If that is your standard for "rare" then you should buy up quantities of 19th century coins ("classic coins"). You will have a whole of collection of "rare coins," probably for less money, that could well be easier to sell in the future. The 5,000 standard for "rare" applies to the majority of issues from that era, not because of mintages but because of the number of pieces that have survived. Five thousand is "common" for many coins from the 1800s and earlier. >>

I believe you need a refresher course in reading....no one indicated that this is going to be a "rare" issue, however by US Mint standards, it will be a low mintage figure. >>

And I believe that you should read some the copy that dealers who promote this stuff publish in their ads to sell to the unwary.

OPA · May 12, 2015 11:53PM

<< And I believe that you should read some the copy that dealers who promote this stuff publish in their ads to sell to the unwary. >>

I do not follow self promoting dealers of any product, whether it's coin, bullion or any asset related class. Common sense will tell you, and you don't have to be a rocket scientist, that this set will be an immediate sellout and the "flippers - aka short term market makers," will have something to cheer about.

garrynot · May 13, 2015 1:17AM

I don't like reverse proof anything. I think they are hideous.

Mint to issue Reverse Proof Presidential Dollars in 2015

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