Confirming a public notice released in January, the United States Mint on Wednesday announced four new Presidential $1 coin products and also revealed an April 5, 2012 release date for rolls of Chester A. Arthur dollars.
The product news carries extra weight this year since it is the first in which Presidential coins will not be released into circulation and available from local banks. This is due to an order from the Treasury Department which terminated $1 coin production for all but numismatic purposes. U.S. Mint products will be the single originating source for any new dollar coins dated 2012 and beyond.
As for the Mint announcement, the four new coin products and their prices include:
- Presidential $1 Four-Coin Set for $9.95
- Presidential $1 Coin 100-Coin Bags for $111.95
- Presidential $1 Coin 250-Coin Box for $275.95
- Presidential $1 Coin 500-Coin Box for $550.95
The four-coin set is an obvious addition as it will package together the four 2012 Presidential dollars. Those include designs honoring former Presidents:
- Chester A. Arthur
- Grover Cleveland (first term)
- Benjamin Harrison
- Grover Cleveland (second term)
The Arthur dollar will be the first in the series to appear within the new 100, 250, and 500-coin bag and box products, but their release dates are yet to be determined. Rolls of Chester Arthur dollars minted from either Denver or Philadelphia will be released on April 5 at a price of $32.95 each, which is $7 less than last year.
As Presidential coins are now minted only for collectors, their mintage levels become all-the-more watched. The U.S. Mint has produced a total of 5.74 million Chester Arthur dollars, with 2.8 million from Denver and 2.94 million from Philadelphia. These are the lowest levels for any of the coins going back to their introduction in 2007. (As a perspective, last year’s Andrew Johnson’s dollar had previously held the scarcest mintage title with a combined 2011-D and 2011-P mintage of 72.66 million.) The next three 2012 dollars are likely to have similar mintages of 5-6 million just for consistency. But if sales are low for the new bag and box products, mintages could be trimmed significantly going forward.
In addition to the new products, the U.S. Mint will release its traditional annual sets that also contain dollar coins, including:
- Presidential $1 Coin & First Spouse Medal Set for $9.95
- American Presidency $1 Coin Covers for $19.95
- Presidential $1 Coin Proof Set for $18.95 and scheduled for release on April 24
- Presidential $1 Coin Uncirculated Set for $16.95 and scheduled for May 1
- 2012 Proof Set for $31.95 and scheduled for release on May 7
- 2012 Mint Set for $27.95 and scheduled for May 21
- 2012 Silver Proof Set® for $67.95 and scheduled for release on June 4
These release dates and prices are subject to change. When available, the products will be offered directly on the U.S. Mint website at http://www.usmint.gov/catalog or by calling 1-800-USA-MINT (872-6468).
Finally, the deputy director has woken up and opened the flood gates.
Title it, ” Seven ways to buy a worthless coin! “
The Presidential Dollar coins will never be worth the price of having a coin graded.I have a set of Presidential dollars that are graded Proof 70 ultra cameo .2007 S–2011S $ 45.00 They sell at the Coin shops for $99.95 Per set but they are only worth about $70.00 graded proof 70 U.C.
These Coins will never be worth anything. This is the first set of coins in the last 75 years that will be woerthless. A set of Proof 70 Ultra Cameo is worth about $45.00 They will always be junk including the Mint State Coins. M.S.67 Set worth about $175.00 Set.
The Republicans need to think ahead. If they get a bill passed and signed into law ending the $1 bill in favor of the $1 coin, the backed-up supply of current dollars should be exhausted just in time for President Reagan’s dollar coin to be produced in large numbers.
I hope this doesn’t sound harsh, but based on that well-thought out assessment, I really REALLY urge you NOT to buy them. I know it will be hard, but when they become available on 5 April, just clench your teeth and resist the temptation to place your order with the US MINT for these rotten nasty Presidential Dollar Coins. Leave this filthy and horrible junk to the true collectors who actually appreciate them.
Yes, They belong next to the sets of Susan B. Anthony and Native American $1 coins. Collectors and Time will be the ultimate judge of value…
Ronnie;
Did I read on one of these forums that you have an eBay store?
May I have the link please?
George is right – these coins are for collectors, not for investment. If you’re worried about value you shouldn’t be buying from the mint anyway.
I was wondering what coins would any of u recommend for someone to buy as a investment, coins that might actually be worth more than the face value in 5-10 years. I have a few thousand to start with.
Shannon, I’m no expert, but what I’ve learned is to read articles and forums such as this one and try to ascertain what appear to be short print releases from the MINT. Good example is last years ARMY Clad half dollar commem, which caught many folks by surprise. Follow the Wednesday sales tallies on this website and see what’s least produced, esp in silver. Ask your local bank for rolls of Kennedy halves that may have come in. Those are always worth more than FV, and you just might find a 1964. UNC commems from the US MINT are usually… Read more »
Shannon, George is on track. In addition: Gold and Silver coins have the greatest chance of appreciation over time. Stay with certified coins from NGC and PCGS. These are the most trusted in the industry. Buy Mint State (MS) or Proof (PF) 69 and 70’s only. A 70 is the highest grade given to a coin and again has the highest chance of appreciation over time. The low mintages are key. Follow what George says on this. The best chance of appreciation is to purchase directly from the US mint’s website. Clad coins do increase in value, however, they rarely… Read more »
Dollar Coins, Susie’s, and NA’s are my favorites…. I’ve got a nice little collection built up, for only a tiny fraction over face value. Every time I get them in change, I swap out the best of the change for the worst of my prior collected ones. I hope they’re worth something someday…. No metal value, of course. Maybe there will be a sudden decision to melt down all the ones in storage, or there will be a law passed to replace the paper $1 with the coin. I suspect that would cause a little appreciation.