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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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  • Dollar2007Dollar2007 Posts: 774 ✭✭✭
    I think it was reported that they put the ones that were returned to them back on sale after a initial sellout was announced. It is the same thing they did with the 2000 2001 and 2002 proof sets that they sold in a three pack after they had been sold out for a year or more claiming they found more.
  • GATGAT Posts: 3,146
    I don't believe they increased the mintage but reopened sales with either returns,or sets that they had held back for replacement purposes.
    USAF vet 1951-59
  • OPAOPA Posts: 17,143 ✭✭✭✭✭


    << <i>

    << <i>What many of you might not know or forgotten is what happened to the state quarter FDCs. Both Delaware and Massachusetts sold out and the covers were selling for moon money. Pennsylvania sold out and was moving towards $100 on eBay when the Mint reopened sales of all three. The market collapsed and has never recovered. >>



    When they reopened sales, did they just arbitrarily increase the mintage of those sets or were they just staggering the release of these in order to kill the secondary market? >>



    I just did an inventory on the US MInt's website and there are 36 State Quarter FDCC's still available for sale, ranging with a mintag of 100,000 for the early years, later years reduced to 75,000. In 2005 the mintage was further reduced to 50,000 & the latest one has a mintage of 35,000. It believe the Mint early on decided not to stop selling these until their supply is exhausted instead of a time frame. This will also be the norm for the Presidential FDCC's .. they will be available for sale until sold out.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • Anything having to do with the presedential dollars is selling extremely well ATM. I don't see any reason sales would drop on these since only 50,000 were made. They did a real nice job with them. The coins inside the cover are sealed in air-tight capsules which rotate and are embedded into a black plastic slab that fits inside the envelope with the portrait of GW and the FEB 15th postmark and information about the coins and cover. With all the 'First Strike' controversy the TPGS created I believe the demand will stay strong once the mint dries up.


    << <i>Surprisingly, sales have been very brisk for the presidential first day covers. Anything Presidential $1 coin is selling better than expected and better than quarters. Forecast for GW rolls doubled. Now it's George W. who is incredibly popular so I'm sure that's the major factor driving the numbers, but subscriptions for Proof Presidents are over 250K - huge subscription number. Have to see what Adams does. >>

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

    image
  • mark511mark511 Posts: 364 ✭✭


    << <i>

    << <i>

    << <i>What many of you might not know or forgotten is what happened to the state quarter FDCs. Both Delaware and Massachusetts sold out and the covers were selling for moon money. Pennsylvania sold out and was moving towards $100 on eBay when the Mint reopened sales of all three. The market collapsed and has never recovered. >>



    When they reopened sales, did they just arbitrarily increase the mintage of those sets or were they just staggering the release of these in order to kill the secondary market? >>



    I just did an inventory on the US MInt's website and there are 36 State Quarter FDCC's still available for sale, ranging with a mintag of 100,000 for the early years, later years reduced to 75,000. In 2005 the mintage was further reduced to 50,000 & the latest one has a mintage of 35,000. It believe the Mint early on decided not to stop selling these until their supply is exhausted instead of a time frame. This will also be the norm for the Presidential FDCC's .. they will be available for sale until sold out. >>

  • mark511mark511 Posts: 364 ✭✭

    The way everybody is buying these, that should be next week.




    << <i>Anything having to do with the presedential dollars is selling extremely well ATM. I don't see any reason sales would drop on these since only 50,000 were made. They did a real nice job with them. The coins inside the cover are sealed in air-tight capsules which rotate and are embedded into a black plastic slab that fits inside the envelope with the portrait of GW and the FEB 15th postmark and information about the coins and cover. With all the 'First Strike' controversy the TPGS created I believe the demand will stay strong once the mint dries up.


    << <i>Surprisingly, sales have been very brisk for the presidential first day covers. Anything Presidential $1 coin is selling better than expected and better than quarters. Forecast for GW rolls doubled. Now it's George W. who is incredibly popular so I'm sure that's the major factor driving the numbers, but subscriptions for Proof Presidents are over 250K - huge subscription number. Have to see what Adams does. >>

    >>



  • << <i>those closeup pics do not show a ms67 coin.


    I agree.

    I'm thinking that they may be a tad better but not 67+ JMO

    Steve >>


    I can't really tell, but I was very surprised with the quality of the Denvers I got from bank rolls on the first day of release. Compared to some of the others I've seen pulled, mine seemed cream of the crop. The images I've seen (hard to tell for sure) appear to be of lower quality than the ones I pulled from rolls. I don't know why there's contact marks on a coin that didn't spend time in a roll or a bag. Maybe they were minted with contact marks. Maybe they etched contact marks into the dies!


  • << <i>

    << <i>those closeup pics do not show a ms67 coin.


    I agree.

    I'm thinking that they may be a tad better but not 67+ JMO

    Steve >>


    I can't really tell, but I was very surprised with the quality of the Denvers I got from bank rolls on the first day of release. Compared to some of the others I've seen pulled, mine seemed cream of the crop. The images I've seen (hard to tell for sure) appear to be of lower quality than the ones I pulled from rolls. I don't know why there's contact marks on a coin that didn't spend time in a roll or a bag. Maybe they were minted with contact marks. Maybe they etched contact marks into the dies! >>





    I agree... The "D's" I'm searching are very nice, some almost PL...

    I did the FDI thing on the 15th, searched 8 rolls, 200 coins ( all I could get at the time ) and quickly pulled and over nighted 40 coins ( 20% ) for submission. Came back 1-MS67, 25-MS66 & 14-MS65's, the MS67 made my day..."-)

    Think I will stick to rolls were I'm only paying face value...

    This one's only a MS65...

    image

    My Ebay Auctions

    Currently Listed: Nothing

    Take Care, Dave
  • 1201reset1201reset Posts: 187 ✭✭
    YAY! ORD# 24796XXX has shipped, as of 4-10 image


  • << <i>I agree... The "D's" I'm searching are very nice, some almost PL...

    I did the FDI thing on the 15th, searched 8 rolls, 200 coins ( all I could get at the time ) and quickly pulled and over nighted 40 coins ( 20% ) for submission. Came back 1-MS67, 25-MS66 & 14-MS65's, the MS67 made my day..."-)

    Think I will stick to rolls were I'm only paying face value... >>


    Yep, the D mints from the covers have less contact marks and appear better struck than the P. Though i'm not able to get D rolls from my bank. I thought you needed to send 100 coins to get the FDI insert through buk or, did you send them across the street?
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • I have a couple Denver mints that have the starburst strike through. if I send them in for grading will they designate the variety or, will it just knock down the grade?

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

    image
  • What is "Starburst Strike Through"? What part of the coin is it on? I see the pic, but don't know what I'm looking for.
    Beginner that wants to learn.


  • << <i>What is "Starburst Strike Through"? What part of the coin is it on? I see the pic, but don't know what I'm looking for. >>


    The outward lines around the details on the reverse and on the back of Washington's neck.
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • OPAOPA Posts: 17,143 ✭✭✭✭✭


    << <i>YAY! ORD# 24796XXX has shipped, as of 4-10 image >>


    Same here...image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."


  • << <i>

    << <i>I agree... The "D's" I'm searching are very nice, some almost PL...

    I did the FDI thing on the 15th, searched 8 rolls, 200 coins ( all I could get at the time ) and quickly pulled and over nighted 40 coins ( 20% ) for submission. Came back 1-MS67, 25-MS66 & 14-MS65's, the MS67 made my day..."-)

    Think I will stick to rolls were I'm only paying face value... >>


    Yep, the D mints from the covers have less contact marks and appear better struck than the P. Though i'm not able to get D rolls from my bank. I thought you needed to send 100 coins to get the FDI insert through buk or, did you send them across the street? >>




    Yes... I sent them across the street, PCGS was still making up the rules at that time..."-)

    I have 2 - 1000 box's now I'm taking my time going thru them, a roll or 2 when I need a fix...

    There stamped Dec.7th, so there very early in production...

    Gone thru 1000 to date, pulled 47 that are high end MS66 at the very least...

    If numbers hold, Statistically there should be 5 - MS67's in there..."-)

    Now I just got to pick them out but both services are being tuff on MS67 ...

    I'm going to pick the best 10 a send them in to see if it's worth my time searching the next 1000 box...

    If I pull a MS67 or Better it will not hurt my feelings not having the FDI Label..."-)

    My Ebay Auctions

    Currently Listed: Nothing

    Take Care, Dave
  • pitbosspitboss Posts: 8,643 ✭✭✭
    I ordered 100 1st day covers from the mint but they have put them on hold so I am probably too late.
  • Sounds like a plan, Good luck!
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image


  • << <i>I ordered 100 1st day covers from the mint but they have put them on hold so I am probably too late. >>


    It goes on hold automatically since they are not in stock. Usulaly in 2-3 days they will change the status to in process with the estimated ship date.
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • pitbosspitboss Posts: 8,643 ✭✭✭
    thank you
  • 7over87over8 Posts: 4,733 ✭✭✭
    us mint ordering is reporting backorder status - 4 to 6 weeks expected delivery time....

    this looks like sold out status to me
  • OPAOPA Posts: 17,143 ✭✭✭✭✭


    << <i>us mint ordering is reporting backorder status - 4 to 6 weeks expected delivery time....

    this looks like sold out status to me >>


    Mint has not updated their web site to reflect delays or possible sell-out. I guess we'll have to wait until tomorrow, but on the other hand, not to many mint issued items sell-out in less than 7 days...image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • 7over87over8 Posts: 4,733 ✭✭✭
    us mint ordering said they went to a wait list, they had to exceed 50,000 units.
  • BigDaddyzBigDaddyz Posts: 1,306 ✭✭✭
    Order numbers from the 4th to today are 24796xxx to 24853xxx
    57,000 orders of products
    Great BST experiences: abitofthisabitofthat, silvercoinsdude, gerard, coinfame, mikescoins, wondercoin


  • << <i>Order numbers from the 4th to today are 24796xxx to 24853xxx
    57,000 orders of products >>


    New orders are not showing an expected ship date on the order confirmation page, just shows 'Backordered'. I guess unless they receive alot of cancellations (unlikely), this ones a done deal. I still have two orders pending. One from the 6th which shows 'in process' ('cancel' button is gone) and gives an April 24th estimated ship date and another one I placed yesterday which is 'on hold' ('cancel' button still there). Shows estimated ship date April 23rd.
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • 57loaded57loaded Posts: 4,967 ✭✭✭
    mine that were ordered on Easter shipped yesterday.....my Monday orders were cancelled due to an unexpected financial crisisimage

    i think these have sold out!

    Loaded
  • OPAOPA Posts: 17,143 ✭✭✭✭✭


    << <i>

    << <i>Order numbers from the 4th to today are 24796xxx to 24853xxx
    57,000 orders of products >>


    New orders are not showing an expected ship date on the order confirmation page, just shows 'Backordered'. I guess unless they receive alot of cancellations (unlikely), this ones a done deal. I still have two orders pending. One from the 6th which shows 'in process' ('cancel' button is gone) and gives an April 24th estimated ship date and another one I placed yesterday which is 'on hold' ('cancel' button still there). Shows estimated ship date April 23rd. >>



    Only time will tell how many of my 4 different orders will be mailed. I've got one order mailed & 3 orders back-orderd 4/23 - 4/24...I also, probably a mistake, but no great deal of $ involved, ordered 5 Montana FDCC's. With a low production of only 35,000. Who knows, maybee the Pres. Series will put a kick start in the State Quarter Series....image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."


  • << <i>Only time will tell how many of my 4 different orders will be mailed. I've got one order mailed & 3 orders back-orderd 4/23 - 4/24...I also, probably a mistake, but no great deal of $ involved, ordered 5 Montana FDCC's. With a low production of only 35,000. Who knows, maybee the Pres. Series will put a kick start in the State Quarter Series....image >>


    Yea, I ordered some 2007 Kennedy rolls with the cover order I placed on the 6th which show backordered until 05/01 and may be why it's holding up the cover order.
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • GATGAT Posts: 3,146
    There's no sellout of the covers yet. All of my orders, including one from yesterday, show in progress.
    USAF vet 1951-59
  • keezkeez Posts: 842

    I did the same thing FLBuffalo -- ordered some covers with the kennedy rolls figuring they'd split the delivery into 2 separate boxes and send the coin covers first.



  • << <i>Only time will tell how many of my 4 different orders will be mailed. I've got one order mailed & 3 orders back-orderd 4/23 - 4/24...I also, probably a mistake, but no great deal of $ involved, ordered 5 Montana FDCC's. With a low production of only 35,000. Who knows, maybee the Pres. Series will put a kick start in the State Quarter Series....image >>


    If the Montana turns out to be the lowest minted First Day Quarter coin cover, there may be value with that one.
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • tyler267tyler267 Posts: 1,305 ✭✭✭✭


    << <i>There's no sellout of the covers yet. All of my orders, including one from yesterday, show in progress. >>



    I just ordered some covers, the order went through fine. I gave a backorder date of 4/24/07.

    Not sold out yet.
  • 7over87over8 Posts: 4,733 ✭✭✭
    again, I think its the old wait list.....
  • OPAOPA Posts: 17,143 ✭✭✭✭✭


    << <i>again, I think its the old wait list..... >>



    I just finished talking to the Mint & the G.F. FDCC's are still available, but on back order.image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."


  • << <i>Order numbers from the 4th to today are 24796xxx to 24853xxx 57,000 orders of products >>



    Sounds like a definitive sales #. (57,000 = Wait List) How sure are you as to the accuracy?
    Seth
  • OPAOPA Posts: 17,143 ✭✭✭✭✭


    << <i>

    << <i>Order numbers from the 4th to today are 24796xxx to 24853xxx 57,000 orders of products >>



    Sounds like a definitive sales #. (57,000 = Wait List) How sure are you as to the accuracy? >>



    I believe the figures quoted, encompass all Mint Sales, not just the G.F. FDCC's....I may be wrong, but I just finished talking to the Mint & they are still available & not sold out as of now.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • LALASD4LALASD4 Posts: 3,602 ✭✭✭
    That was what they said about the platinums.image
    Coin Collector, Chicken Owner, Licensed Tax Preparer & Insurance Broker/Agent.
    San Diego, CA


    image


  • << <i>

    << <i>

    << <i>Order numbers from the 4th to today are 24796xxx to 24853xxx 57,000 orders of products >>

    Sounds like a definitive sales #. (57,000 = Wait List) How sure are you as to the accuracy? >>

    I believe the figures quoted, encompass all Mint Sales, not just the G.F. FDCC's....I may be wrong, but I just finished talking to the Mint & they are still available & not sold out as of now. >>



    Thank You. :^)
    Seth
  • 08HALA2008HALA20 Posts: 3,066 ✭✭✭
    I saw a couple of BIN's on the Bay for $28.95.
    $35-$40 when they officially sell out?

    Rookie Joe
  • BigDaddyzBigDaddyz Posts: 1,306 ✭✭✭


    << <i>Sounds like a definitive sales #. (57,000 = Wait List) How sure are you as to the accuracy? >>



    lol, pretty sure as those are my own order numbers.

    They are just mint order numbers...could be for any items, I'm sure they are not just for the covers.
    I was just giving a reference to the number of orders they've taken in 6 days.
    Great BST experiences: abitofthisabitofthat, silvercoinsdude, gerard, coinfame, mikescoins, wondercoin
  • 7over87over8 Posts: 4,733 ✭✭✭
    they had to cross the 50,000 mark,
    telephone ordering said they are still taking orders for wait list
    4-6 weeks delivery possible, regardless of what shows up as backordered date online.


  • << <i>I saw a couple of BIN's on the Bay for $28.95.
    $35-$40 when they officially sell out?

    Rookie Joe >>



    I hope these bad boys go $80-90. After all they are officially sanctioned first day of minting coins. No one but the mint can guarantee that!!!! The mint has found a way to discredit all of the First Strike hoopla. Good for them, but more importantly good for collectors!!!
    Luck happens when preparation meets opportunity.
  • mrmommrmom Posts: 348
    this thread reminds me of 2006-w plat

    I see many familiar names and I dont want to be left out.

    So, I pulled the trigger, my first mint purchase since 2006-w plats.


    David


  • << <i>After all they are officially sanctioned first day of minting coins. No one but the mint can guarantee that!!!! The mint has found a way to discredit all of the First Strike hoopla. Good for them, but more importantly good for collectors!!! >>



    I agree. And unless PCGS or their competition offers labels distinguishing these coins as First Day of Mintage instead of just First Day of Issue, I do not see the point in removing them from the sets. (psst, hear that again PCGS?)


  • << <i>

    << <i>After all they are officially sanctioned first day of minting coins. No one but the mint can guarantee that!!!! The mint has found a way to discredit all of the First Strike hoopla. Good for them, but more importantly good for collectors!!! >>



    I agree. And unless PCGS or their competition offers labels distinguishing these coins as First Day of Mintage instead of just First Day of Issue, I do not see the point in removing them from the sets. (psst, hear that again PCGS?) >>


    A unique multi-holder with custom insert would be cool image
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • A unique multi-holder with custom insert would be cool

    Yeah and put the freakn' Stamp in it!

    50,000 X $10 for Special Holder = $500K x 30% = $150K in potential Revenue + Grading.

    No Brainer
  • FullStrikeFullStrike Posts: 4,353 ✭✭✭


    << <i>I agree. And unless PCGS or their competition offers labels distinguishing these coins as First Day of Mintage instead of just First Day of Issue, I do not see the point in removing them from the sets. (psst, hear that again PCGS?) >>





    If nothing else - I think NGC is listening. After all, they do have the tape they put on the GSA Morgans. On the other hand CU has the PCGS Currency grading and PSE now so maybe they could see fit to expand into PNC Covers. Might be a good move for them - seeing as how popular the encapsulation field is getting to be.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    OK, I'm late to this party...what is the hub-bub all about. I ordered 25 of these covers on the first day...haven't looked here for a while and just read some posts and it reminded me of the platinum frenzy last fall.

    Ren
  • OK, I'm late to this party...what is the hub-bub all about

    The new guy FLBuffaloHunter, started it. image

    Same as the Platinum Play, all the usuals suspects, FloridaBill 7over8, Fullstrike and the others,... you know.

    I'm in for 400 units (small potatoes comparably), FB and his pal are in for 4,000 Units (8%) of the Mint run.

    Others claim 10-15 units to no units, but most likley ordering 50 units at a time.

    Looks good.

  • 300

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