The United States Mint unveiled information today about the upcoming 2016 American $1 Coin & Currency Set.
Launching on Thursday, June 16, at noon ET, this year’s set includes an enhanced uncirculated 2016 Native American $1 Coin from the San Francisco Mint and an uncirculated Series 2013 $1 note from one of the 12 Federal Reserve Banks. Both the coin and banknote are exclusive to the set.
In the headline number, no more than 75,000 will be sold. There is also an ordering limit of 5 sets per household.
Pricing at $14.95 is the same as the set from 2015. The U.S. Mint recently changed the status of that set to "currently unavailable." The latest weekly figures show its sales rose 79 to 88,363 sets. A total of 90,000 were originally authorized.
The 2016 American $1 Coin & Currency Set is only the third in the series. They’ve been popular with coin collectors because of their exclusive $1 coin and their affordable pricing. The U.S. Mint offers Native American dollars in other products, but none of them are in enhanced uncirculated finish. The 2015 set includes an enhanced uncirculated Native American dollar from the West Point Mint while the set from 2014 has an enhanced uncirculated Native American dollar from the Denver Mint.
Reverse designs on Native American $1 Coins change annually. This year’s dollar design honors American Indians who used their native language to send coded messages in World War I and II. It is the eighth unique reverse in the series, which honors the important contributions made by Native American tribes and individual Native Americans to the development and history of the United States.
Mike Unser – I got the Mint’s press release on the details of this set about an hour ago, but noticed they still haven’t updated their website with a photo or price etc. I guess being a Friday during Summer the website people are out of pocket! I also did a live chat with a call center rep who knew nothing about the press release information! The Mint needs to make sure the call center has the press release info available right before it is issued to the public. They look uninformed otherwise & that is not a good image… Read more »
Seth… You are right about the Mint being a disservice to their customers. But then again it is sad to say that we should be use to that kind of disservice. One thing they did get kind of right is they lowered the mintage of the American $1 Coin and Currency Set. But like I said, on the ordering of that set I expect the same as before, slow, get kick out and just a crawl. By the way, I got an email from COIN ADVISOR advertising the next coin in the 100 year anniversary series. I sent them an… Read more »
Thank you, Mike. I’ll definitely pick up my set to add to my 2014 and 2015 sets.
joera – I guess I am spoiled by the great customer service of the Royal Canadian Mint! They answer my emails within 24 business hours & their top communications manager has even called me to answer a question I had once. They email me about what percentage of coins have sold & take my reviews of their coins & post them on their website, including the rare negative comment I might have! And their telephone reps know a lot of information too. Today I got an email from RCM letting me know they were having telephone service problems in downtown… Read more »
I wrote to Treas Sec Lew about the nonchalant don’t care attitude the mint has regarding the product schedule back on May 19. Since no change has been made to the product schedule I can only assume that Lew has no interest in managing the US Mint or it’s management or for some reason doesn’t read his mail. Either way I think we’re stuck with poor customer service, poor coin quality, and no concern/care for the collecting public as a whole. And if Jeppson is approved as Director of the US Mint we can expect the same shoddy support for… Read more »
Mke –
Any idea how is it possible to get a low serial number on the $1 bill if they’ve been printing millions of them over the last 3 years?
The mintage on this set is 25,000 more than the 2014 set. And just $1 more. Fair.
-NumisDudeTX
2014 – D mint 50,000
2015 – W mint 90,000
2016 – S mint 75,000
2017 – P mint ???
Nice that they’re rotating around the mints for the coin.
Too few for 2014, too many for 2015, just right for 2016?
For 2017., 60,000 set.
Well, I think the mint should not give any maximum for any new products. Just let the collectors do the outcome. The old fashion ways.
Also there are too many products not suited for collectors. The mint should cancel them.
For 2017, 60,000 is fine.
To all,
The U.S. Mint could learn something from the Canadian Mint, But as long as they are raking in the seigniorage, they could care less about customer service. I still haven’t got an answer on why the gold merc dime does not have full split bands on the reverse of the coin. Has anyone out there seen one with full split bands?
Too bad the Mint didn’t reduce the 2016 mintage to 60,000 …. at least I should be able to get mine without too much stress
BTW the Mint has posted pictures of their proof APE offering and the HH limit is 1.
Joe C. –
The Mint issued a silly statement that basically because of the smaller size & thickness & the very malleable 24k gold, they couldn’t put the high detail on the bands & still have it strike up properly on the gold dime. Crazy!
Tinto –
Yesterday I saw the pic of the 2016-W Proof Platinum Eagle & it is beautiful. But they raised the mintage to 10,000 from last year’s 4,000. Way too high mintage!
Happy collecting everyone!
-NumisDudeTX
Seth,
I read the mintage on the US Mint website for the new Platinum Coin.
Ugh!!!
Anyone have an idea what the mint’s interpretation of a low serial numbered note/bill is? Will it be LA Block L00000001A thru L00069999A? Two digit serial numbered $1 notes (00000001-00000099) fetch about $100 each. We’ll see! Happy collecting everyone!
Jack – About 15 years ago the Treasury Dept. started allowing low serial number FRNs to be bought at face value by the Treasurer of the United States & Secretary of the Treasury to give to VIPs or keep for themselves. It is an unseemly practice, but not against the law since they pay legal tender face value for them, even though BEP employees have to search for by computer & pull such notes both at the Eastern Printing Facility in Washington DC & the Western Printing Facility in Ft. Worth, Texas. At least they come on the market for… Read more »
Wow, that’s some inside info I wasn’t aware of. What do you think will be offered to the public with these sets as low serial numbers?
Jack –
I forgot to mention the BEP does keep most #1 serial number notes for its permanent banknote collection. But with 75,000 of these & only 8 digits on each note, they may begin with three zeroes. That is just a guess on my part right now until I can get further info.
-NumisDudeTX
Re: proof platinum max mintage – whatever the max is set at 10,000, 15,000, or 4,000 they still don’t seem to sell out.
One time I bought a sheet of $5’s from the BEP and one bill ended ended up with a serial number of A99999988A. I guess big serial numbers aren’t that prized.
Seth Riesling Yes it is a beautiful coin. IMO it sold out last year because it had such a ridiculously low mintage of 4,000 when compared to sales for the last 4 or 5 previous years with 2014 being the lowest at 4,596 (I think) in sales. And that was only because the US Mint put up the currently unavailable sign up after a few short weeks of sales, resumed sales a few weeks later for a very short while and then it went back to currently unavailable permanently. I know because I dilly dallied when they went on sale… Read more »
Tinto,
You “stole” my comment…:)
Last year’s Platinum Coin sold out very quickly.
Won’t be the case this year.
Tinto & Christopher Williams-
Last year’s Proof Platinum Eagle coin sold out the 4,000 coins in 10 minutes with a 1 per household limit!
Tinto –
You got lucky with the 2014 platinum coin for sure!
Mr. Williams-
You are right, I think that this new platinum coin will not sell out quickly with 10,000 mintage & a little higher platinum spot price this year. It will be interesting to see what they price them at compared to last year’s coin.
Happy collecting guys!
-NumisDudeTX
Seth,
I remember getting home from work and being disappointed that it was Sold Out.
Christopher Williams
Ooops 🙂
Agree most likely no “Sold Out” for this one. That 2014 was the last of the “Preamble” series which I was assembling and who knows how many more the mint could have sold if the coins had been available for sale.(maybe similar to 2013’s sales of 5,745) …but IMO they might have just made an initial 5,000 and left it at that and I was lucky that someone’s CC was rejected and their order returned to inventory.
The platinum “preamble” 2014 was interesting as it took awhile to sell out but the stated mintage was limited to 5,000 (if I remember right) which made it certain that it would be the lowest in that series. Agree the 2016 might not sell out soon but wonder if 5,000 or more are sold how much the 2015 will go up? Much will no doubt depend on who wants and has sets. Perhaps, not many want sets or the 2014 would have sold out in hours. It is interesting few seem to offer the 2014 for sale.
Seth Riesling-
Christopher Williams-
Tinto-
Forgot, there is someone pushing the sale of sets. That being the U.S. Mint as this years packaging has the same holder for two coins (2015 and 2016) as last years. So, maybe they do not intend to sell 10,000 in 2016. We might know come 6/30. The price last year was $1200 and went to about $2000 on the secondary market “fast”. This year should start out with a higher price but not go to the $2000.
As I am into fishing, autographs and coins and they are a great distraction for me, I want to send my heart-felt condolences to the families of the victims in Florida today.
A very sad day.
Christopher Williams –
What a gentleman you are! Bless you. I just got out of bed & found out the horrible, sad news a little over an hour ago.
As a member of the tight-knit LGBT numismatic community I also find some solace in my numismatic hobby from the stresses of daily life. I lived on military bases the first 21 years of my life & always felt safe. I was blessed for sure. Hatred will NOT win in the USA. May those who died R.I.P. & may those injured heal quickly.
-NumisDudeTX
Seth-
+1
dollar is a dollar, why us mint charge 12.95 for the package? like the gold dime ,melted value only $120-$130 , mint charge the fancy package for $80,It is very expensive box i ever bought!
chuck
The 2014 preamble had an announced mintage of 15,000, same as in the previous three years and that was one reason I took my time to get around to buying it. But the Mint probably made only 5,000 initially and decided not to make more once that threshold was reached. They had sales of 4,596 for the 2014 so it’s puzzling why the Mint decided to make only 4,000 in 2015 and not at least 5,000.
Tinto Thank you for your correction as to the announced mintage. Since the mint did not sell 1 oz platinum bullion coins last year, makes me wonder whether they had the “blanks” to even mint more proofs or whether since the platinum price was “low” at that time they just decided their markup would not cover their “cost”. Otherwise they likely would have minted more if they could make a “profit”. A 10 minute sell out shows there was a demand. Either way suppliers of the “blanks” may not have been interested in supplying at the then current prices for… Read more »
chuck, Thanks, that 2014 is certainly a keeper and it completed my Preamble set. But no more platinum or gold (except for commemoratives but only if I like the design or subject.. like the NPS and the Mark Twain this year) or silver (except commems) after 2014. I just got turned off by the Mint’s actions (like hyping an Ultra High Relief gold to get folks like me excited only to change it at the last minute to a High Relief … and nixing that Platinum design for 2015 or 2016 depicting a man with a sword which both CCAC… Read more »
Maybe you’ll like the palladium coin better whenever it shows up.