Mint Stats 5/28/09
Goldbully
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Mint Stats: Lincoln Roll Total Rises at Moderate Pace
By David C. Harper, Numismatic News
May 28, 2009
If there was just one statistic on this page and it was the Formative Years two-roll Lincoln cent set, that would probably satisfy the vast majority of readers. The set is certainly commanding wide attention among collectors. This week the sales increase is not as dramatic as last week's number, but an increase of 22,771 sets is nothing to sneeze at.
Is demand falling back to a more routine level as collectors perhaps decide that the offering will not sell out in 13 days as the first roll set did? That might be a stretch. Interest in the Lincoln cents seems to still be at a very high level. We will have to wait for next week's numbers to see if a new sales pattern is being established. The Mint is catching up on deliveries. New orders are promised a mid-June shipment, as compared with mid July just days ago.
Speaking of a new sales pattern, the Mint has reported that in the early weeks of May not all of the American Eagle one-ounce coins on hand were purchased by authorized purchasers. This could be a short-term aberration. But it means that it becomes important to keep in mind that sales numbers are not mintage numbers, so we cannot jump to the conclusion that the Mint is slowing its production pace.
The John Tyler dollar rolls appear at right this week. The initial numbers are quite high. This is interesting in that it might show that there is a substantial ongoing interest in rolls of Presidential dollars. Lincoln isn't the only game in town.
NN Link
Coin News Link
By David C. Harper, Numismatic News
May 28, 2009
If there was just one statistic on this page and it was the Formative Years two-roll Lincoln cent set, that would probably satisfy the vast majority of readers. The set is certainly commanding wide attention among collectors. This week the sales increase is not as dramatic as last week's number, but an increase of 22,771 sets is nothing to sneeze at.
Is demand falling back to a more routine level as collectors perhaps decide that the offering will not sell out in 13 days as the first roll set did? That might be a stretch. Interest in the Lincoln cents seems to still be at a very high level. We will have to wait for next week's numbers to see if a new sales pattern is being established. The Mint is catching up on deliveries. New orders are promised a mid-June shipment, as compared with mid July just days ago.
Speaking of a new sales pattern, the Mint has reported that in the early weeks of May not all of the American Eagle one-ounce coins on hand were purchased by authorized purchasers. This could be a short-term aberration. But it means that it becomes important to keep in mind that sales numbers are not mintage numbers, so we cannot jump to the conclusion that the Mint is slowing its production pace.
The John Tyler dollar rolls appear at right this week. The initial numbers are quite high. This is interesting in that it might show that there is a substantial ongoing interest in rolls of Presidential dollars. Lincoln isn't the only game in town.
NN Link
Coin News Link
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Comments
I was a Monkey
<< <i>with a pop of 19,042 is the Braille easy-open capsule going to be the lowest mintage of the year? >>
That's just a packaging op[tion. THere are another 41,000+ sold in the usual capsule.
TD
Couldn't they be making numismatic APE's ? There are no Bullion Platinum's being made. Yet they don't make the numismatic APE's?
Could they be holding production of numismatic AGE's & APE's until they can make ASE's, too?
Also, the wording of the text for the Gold Buff's seems to indicate those are definitely going to be made. So, there is another hinderance to the production of numismatic AGE's.
<< <i>The John Tyler dollar rolls appear at right this week. The initial numbers are quite high. This is interesting in that it might show that there is a substantial ongoing interest in rolls of Presidential dollars. Lincoln isn't the only game in town. >>
This is not surprising at all! Given the economy and the fact that many banks are not ordering dollar coins, the only source for presidential dollars are from the US Mint. As production numbers begin dwindling I expect that some product offerings for presidential dollars will sell out on the First Day of Issue.
Exactly how long can the Treasury Department continue to authorize the production of Millions of Dollars worth of presidential dollars which will only languish in some Federal Reserve vault?
The name is LEE!