In May, for the second consecutive month, the United States Mint increased its pace of striking coins for circulation. However, the monthly production level remained well below 1 billion for the ninth month in a row, following eight consecutive months above that threshold.
The U.S. Mint produced over 396 million coins, including cents, nickels, dimes, quarters, and half dollars, representing a 7.6% increase from April but a 72.1% drop from May 2022. Additionally, the Mint published mintages for the 2024 Patsy Takemoto Mink quarter for the first time.
Here’s how the month compares to others in the past year:
May 2023 to May 2024 Circulating Coin Production
| Month | Mintages | Rank |
|---|---|---|
| May 2024 | 396.08 M | 10 |
| April 2024 | 368.20 M | 12 |
| March 2024 | 332.70 M | 11 |
| February 2024 | 644.86 M | 6 |
| January 2024 | 755.98 M | 5 |
| December 2023 | 151.80 M | 13 |
| November 2023 | 604.409 M | 7 |
| October 2023 | 501.911 M | 9 |
| September 2023 | 546.03 M | 8 |
| August 2023 | 1,030.38 M | 4 |
| July 2023 | 1,139.30 M | 3 |
| June 2023 | 1,297.18 M | 2 |
| May 2023 | 1,417.78 M | 1 |
The primary mission of the U.S. Mint is to manufacture coins in response to public demand. The Mint produces, sells, and subsequently delivers circulating coins to Federal Reserve Banks and their coin terminals to support their services to commercial banks and other financial institutions.
Even though it costs the Mint 3.07 cents to make and distribute each 1-cent coin, the Federal Reserve always orders more of them than any other denomination. In May, the Mint struck 211.6 million Lincoln cents, accounting for 53.4% of all circulating-quality coins produced for the month.
Month-Over-Month
In May, the U.S. Mint reported producing nickels and dimes for the first time in three months. In month-over-month comparisons for other coins used daily by Americans, production totals showed modest increases of 0.2% for Lincoln cents and 3% for quarters.
Mintages of Native American Dollars and Kennedy Halves
The U.S. Mint also strikes other coins in circulating quality, namely half dollars and dollars. Native American $1 coins are no longer ordered by the Federal Reserve, but they are still made in circulating quality for coin collectors. The same was true for Kennedy half dollars until recently — years 2021, 2022, and 2023.
Usually, in January, the U.S. Mint produces both denominations to the expected amounts needed for the entire year. Nonetheless, this has not been the case for Kennedy halves in each of the three prior years, as the Federal Reserve unexpectedly ordered millions more for circulation — roughly 12 million, 7 million, and 18 million in fiscal years 2021, 2022, and 2023.
It has not been disclosed whether any 2024 Kennedy half dollars will be produced for general circulation. However, production figures changed in January, March, April, and May, with the latest results showing 5.1 million coins from Philadelphia and 8.3 million from Denver, totaling 13.4 million. These figures compare to production runs in 2023 totaling 27.8 million from Denver and 30.2 million from Philadelphia, amounting to 58 million coins — the highest since 1983, when it reached 66.6 million.
Unlike the usual practice, the mintages of the Native American dollar were adjusted in February instead of being completed in January. This change was prompted by the absence of reported minting activity for the dollar in Denver throughout January. As of February, the total dollar mintage stands at 2.24 million coins, with 1.12 million each from Denver and Philadelphia, matching the 2023 total. No changes were reported in March, April, or May.
On Jan. 29, the U.S. Mint started selling Denver- and Philadelphia-minted rolls, bags, and boxes of 2024 Native American dollars. More recently, on April 23, the bureau started offering rolls and bags of circulating 2024 Kennedy halves.
This next table shows 2024 circulating coin mintages by production facility, denomination, and design.
U.S. Mint Circulating Coin Production in May 2024
| Denver | Philadelphia | Total | |
|---|---|---|---|
| Lincoln Cent | 106,000,000 | 105,600,000 | 211,600,000 |
| Jefferson Nickel | 0 | 5,280,000 | 5,280,000 |
| Roosevelt Dime | 0 | 17,000,000 | 17,000,000 |
| Quarters | 79,800,000 | 79,200,000 | 159,000,000 |
| Kennedy Half-Dollar | 3,200,000 | 0 | 3,200,000 |
| Native American $1 Coin | 0 | 0 | 0 |
| Total | 189,000,000 | 207,080,000 | 396,080,000 |
In the overall production totals for May, the Denver Mint produced 189 million coins, while the Philadelphia Mint produced 207.8 million coins, resulting in a combined total of 396.08 million coins.
Year-to-date, the Denver Mint has struck 1,282,980,000 coins, and the Philadelphia Mint has made 1,214,840,000 coins, bringing the total to 2,497,820,000 coins. This is 59.1% fewer than the 6,110,660,000 coins manufactured during the same period in 2023.
If the current production pace were to continue through December, the annual mintage for 2024 would reach 5.99 billion coins. In comparison, the U.S. Mint manufactured over 11.38 billion coins for circulation in 2023, marking the lowest output since 2012.
This next table lists coin production totals by denomination and by U.S. Mint facility:
YTD 2024 Circulating Coin Production by Denomination
| 1 ¢ | 5 ¢ | 10 ¢ | 25 ¢ | 50 ¢ | N.A. $1 | Total: | |
|---|---|---|---|---|---|---|---|
| Denver | 740.4M | 29.76M | 123M | 380.4M | 8.3M | 1.12M | 1282.98M |
| Philadelphia | 692.8M | 36.72M | 92.5M | 386.6M | 5.1M | 1.12M | 1214.84M |
| Total | 1433.2M | 66.48M | 215.5M | 767M | 13.4M | 2.24M | 2497.82M |
2024 Patsy Takemoto Mink Quarter Mintages
In addition to the 2024 Native American dollar with its one-year-only design, the U.S. Mint has also released the first two of five issues for 2024 from their four-year program of American Women Quarters™. These two coins represent the eleventh and twelfth overall in the series, each featuring a unique design.
The Rev. Dr. Pauli Murray quarter, the first quarter design for this year, began circulating on Jan. 2. On Feb. 1, the Mint made rolls and bags of the quarter available for purchase by the public. First reported in March figures and unchanged since, a total of 354.2 million Murray quarters were minted, with 185.8 million coming from Denver and 168.4 million from Philadelphia. This marks the lowest mintage total for any quarter in the series to date. In terms of production by facility across the series, the 2024-P ranks as the scarcest, while the 2024-D ties for third scarcest.
For the first time, the U.S. Mint published mintages for the Patsy Takemoto Mink quarter. Mink quarters entered circulation on March 25, and on March 28, the U.S. Mint began selling rolls and bags of them to the public. The latest figures show Patsy Takemoto Mink quarter mintages at 187.2 million from Denver and 210.2 million from Philadelphia, for a combined 397.4 million, ranking fourth lowest overall in the series. By production facility, however, the 2024-D Mink quarter ranks as the third scarcest.
Of the total production, 15.4 million quarters have not yet been officially assigned a design by the U.S. Mint. This represents a small portion of the Dr. Mary Edwards Walker quarters. Walker quarters entered circulation on June 3, and on June 17, the U.S. Mint will begin selling rolls and bags of them to the public.
The beginning of May, I wrote: “ Historical significance? The US Mint has some serious ground to make up, based on previous annual circulation coin mintages. For the year 2023, the Mint produced a total of 734.8 million D nickels and 692.6 Million P nickels. As of now(May), for 2024, the Mint has “only” produced 29.76 million D nickels so far and 31.44 M P nickels. In 2023 the Mint produced 1 billion, 295 million D dimes and P, put out 1 billion, 410 million, 500K of the dime denomination for circulation. Comparatively, in 2024 the D minted dimes are… Read more »
I have to wonder how these lucky customers would feel if the Mint decided to punch out another four or five hundred million nickels each from both of those two mints between now and the end of the year. That might just be a bit of a rude awakening.
Additionally somebody paid $184.95, w/free shipping(LOL) on June 10 for a single roll of 2024 D Nickels.
What!!! Is there an error possibility on the 2024 D nickels? What gives for someone to spend $183 more than face. Current mintage numbers don’t justify this price.
The only error of note might be spending so much money on regular old nickels.
They are as rare as hen’s teeth 24 D Nickel – the thought occurred to me that it “might” be the expenditure of the metal blanks that remain before the metal composition changes?
Something to ponder….
So, if you want one wouldn’t you want it in the best MS condition? I’d say the 2024 Mint Uncirculated sets will be just the ticket.
Major D,
The 2024 Mint Set is the ticket. But, they aren’t due out until August 30th.
My Kennedy and Shield Cent Dansco’s are patiently waiting.
Still waiting on the 2024 Silver Proof Set too.
I still can’t decide, E 1, whether the silver Half Dollar and Dime are worth the additional $50 cost over the $80 price of the AWQ Silver Proof Set.
Kaiser, I’d say the dime isn’t worth a lot, but together with the half-dollar might cover the spread +/-$10. But then the question becomes, are the silver AWQ worth $80 ($16/coin)? Myself, for $130 I’d rather have 3 clad proof sets + $25 for a pizza.
I’m inclined to be aligned with your thinking on this, Major D. Ham and pineapple, anyone? Just kidding; I’m a plain cheese guy myself.
I know this might seem like ancient history, but I bought 10 sets of the 2009 DC/Terr Quarters Silver Proof sets for $29.95 each. These sets contained 6 proof silver quarters, so they were pressed for $5 a coin. I think proof coins in silver simply look great and for $5 each I thought they were giving them away. I’m not compelled to buy these now with a $16/coin price since a quarter only contains about $6 worth of silver. They still look great, but I don’t think they’re giving them away…Lol.
Same here, that was a decent buy with the extra .25. I’m pretty sure I bought 10 sets as well. I might have a look at them though, they have been in a shoebox the whole time. Some could be toned?
Remember Major D’s chart several weeks back and the Silver Proof sets were way up there in the “ripoff” section of the chart.
Rick,
The problem with the “ripoff” designation these days is that it’s getting more difficult to find much that doesn’t fit in that category.
Rick, The 2008 5 coin Silver Proof Quarter set sold for $25.95 (those were the days) so the ‘extra’ proof quarter was just $4.00. My Mom always told me that I didn’t need to buy everything I liked, but I had to put that sage advice to the side for these. Glad to hear you snagged several of them as well. I would be interested to hear if you’ve experienced any toning with those proofs, since they are encapsulated in plastic. Mine look the same as the day I received them. Fortunately, I’m not a coin collector that has to… Read more »
Lots of good, pertinent points there, Craig. I totally agree that proof silver has a nice look but as the gap between spot and the Mint’s price grows ever larger it takes a bit of the shine off.
Couldn’t agree more with your assessment Kaiser. Sometimes I wonder if Magic Mike isn’t onto something when he talks about the silver deficit affecting various enterprises. I know it’s rare indeed when he spouts something factual, but maybe we just aren’t digging enough silver out of the ground. Those endeavours do require the use of fossil fuels and we all know how bad that is for…well everything. You know the old axiom of price and demand. As prices go up, demand usually goes down resulting in a revaluing of price. We’ll just have to wait and see how this plays… Read more »
Craig, I have 50 sets, waiting…..waiting…..
Kaiser,
I just want the Proof Silver Kennedy Half Dollar. Every year I’ve been buying these as a presale already certified. The rest of the coins in the set don’t really interest me. I will buy the proof penny raw for my Dansco at a later date.
Cheers
E 1,
It makes sense to buy when you have this sort of very special goal in mind. Besides, it appears you’ve been picking these up from non-Mint sources anyway, so the Silver Proof Set is not in play.
Kaiser,
True, I just want the proof silver half. Focused and specific – that’s me.
E1
East Coast Guru said: “Current mintage numbers don’t justify this price.” Actually, from my observation, they just might? Here are the production figures from 2014-2023 for the Jefferson Nickels. 2024 to date: D 29.76 M P 36.72 M Tot. 66.48 M 2023 D 734.8 M. P 692.6 M Tot. 1426.5 M 2022 D 777.6 M. P 769.92 M Tot. 1547.52 M 2021 D 798 M. P 772.78 M Tot. 1570.78 M 2020 D 837.6 M. P 785.5 M Tot. 1623.1 M 2019 D 527.04 M. P 567.85 M Tot. 1094.89 M 2018 D 626.88 M. P 692.52 M Tot. 1256.4… Read more »
Cali, Thank you for the numbers. But two points I will make is one “to date”, these are not even mid year numbers. Second, 29 million is still a lot of coin especially divided by the number of coin collectors out there who care about this lower mintage. Who to sell to in a few years? As word gets out, most will be kept unc. and high grade. I still don’t see $183 over face or $182.70 over melt.
Not that I wouldn’t want a roll or two, but not at that price.
I’m with you on this one East Coast Guru. 29 million is A LOT of coins! Additionally, the Jefferson nickel is just not a high demand collector coin. Paying $4.62 per circulation roll-quality, ungraded nickel is ridiculous. As the saying goes….
If those rolls are selling for $183 on ebay, imagine what Magic Mike will be asking! To be fair, however, he will likely deliver it to you in a RED OAK BOX.
The bottom line on the rules is that the people who care about them or buying them already. There are no real great masses of nickel collectors. Dimes, Roosevelt dimes. I have tons of mint rolls from 1998 today. Selling them is like trying to sell a ribeye @ a vegan convention.
For any that may want easy access to the US Mint Circulating Coin Production page, starting with 2023.
https://www.usmint.gov/about/production-sales-figures/circulating-coins-production?program=Circulating+Coins&+50StateQuartersyears=&+WestwardJourneyNickelSeries™years=&+PresidentialOneDollaryears=&+DistrictofColumbiaandUSTerritoriesQuartersyears=&+AmericatheBeautifulQuarters®years=&+CirculatingCoinsyears=1265&+AmericanWomenQuartersyears=&+AmericanWomenQuarterSeriesyears=
It’s interesting that for 2019 and 2020 the W-mint ATB circulation quarters are omitted from the production totals. Yes, the PR was 3-million of each design released into the wild- but why no tally for these?
Major D, have you checked the mantle over the fireplace? For all we know they may be sitting there in plain view right next to Sherlock Holmes’ purloined letter.
Held back by Ryder Industrial Family
Cali I’m going to sit this bit of hype out this go around. But thanks for the numbers, it is interesting! I don’t have a source for rolls other than my Banks or eBay. I haven’t had the roll bug as of late. I even have a few more 1C boxes from 2014 sitting in my office closet!(the boxes that yielded my many ’59-D Gems).. I’m not in the mood to scam the unsuspecting either quite frankly. This scenario reminds me of the 2009 P&D Nickel and Dime craze that I participated in. Except we have 6 months to go… Read more »
Rick, I concur. But I’d say the only way that a business strike 2024 P or D in MS66 with Full Steps will fetch $50-$100 in 15 years is if a loaf of bread costs $40 and silver is at $300/oz.
Agreed, My speculative $50-$100 is based on the 2009-P MS66FS as a close comparative to the 2024’s Mintage(so far)15 years down the road. And that’s with an even higher Mintage than the ’24’s…
https://www.greatcollections.com/Coin/1026487/2009-P-Jefferson-Nickel-PCGS-MS-66-FS-LS-Brown-Collection ($236)
Don’t be surprised when bread & Silver exceeds those #’s if hyperinflation hits. Just ask Venezuela, or Zimbabwe god forbid..
We’d probably be better off starting out fresh with a Dust Bowl scenario…
Mike “Sold Out/Limited Edition” Mezacks Red Oak Box, hyperinflation version.
Lolol !
I’m all in, I showed my Hamster that and now he’s doing backflips!
I’m glad I was able to make the little fellow a very happy guy!
Rick,
No need to look that far; a glance back at my native Germany will suffice.
Well, Major D, in the great scheme of things no matter how desperately hungry one is there’s not much hope for ever being able to consume silver. Bread it is!
If there’s any truth to this recurrent meme Batman’s middle name is “Domestic Violence”!
To you point ECG. The key date apparently in the Jefferson series, is the 1950 D. They only list a mintage of 2,630,030. The backstory(see link) reads, pretty much like you noted or implied and is likely how the ebb and flow will go, regarding how the secondary market prices will play out. In addition to the hoarding, the uncirculated(2024 D $.05)samples available at any given time should be fairly plentiful(?) moving forward? My guess, is that some people($189) jump on the “bandwagon” w/o due diligence or thorough research, before “dumping”/speculating their hard earned money in or on the market?… Read more »
I will say that this amount of red meat is a lot easier on your heart, so there’s that.
Callie, the 50 D was a hot item from day one. Multiple rolls were saved, there are tons of the 50 D Jefferson nickels AND roll$ available. The price has never tookto the height over the years. A nice 1939D or Silver FS nickel is a much better fit. I picked up $10-$20 in nickels every time I go to the bank., with melting 5em illegal not sure what I’m gonna do with them?
I just hold nickels for now. You can trade them later–no melting needed. Gresham’s law(Copper wise)..
Every loose nickel goes into a jar, separate Ag, etc. Every roll/box goes goes in the basement. 8 boxes & counting(unsearched)…Someday, as Tony@GA is screamin–there’s going to be a composition change, guaranteed.
Has anyone noticed that some of the AWQ designs do not transfer over very well to circulation strikes? Like in that CoinNews photo above showing the Patsy Mink quarters. I’d say the same is true with AI $, too. Or is it that the proofs just make anything look good? I will say though IMO that most of the ATB quarter designs all look pretty good in uncirculated condition. Maybe it’s just harder to depict people.
Got a couple of Mink quarters at the post office today and they looked REALLY nice. One of the series better designs in my opinion. Fantastic strike, too.
Anybody notice the bid/ask spread on palladium has dropped from $100 to $50 per oz?
Good to hear! Was it a P or D?
Philly
Good catch on that 50% drop in the palladium bid/ask spread, DAVESWFL! I had begun to believe this huge discrepancy was becoming a permanent fixture.
In a previous thread, Rick wrote “That reminds me of a time when I found a strange Buffalo nickel long ago. I could see the D mint mark on the reverse and the coin was in really good shape, but it only had 3 legs? So I tossed it into a Goldfish pond, and wished it goodwill forever!” Funny coincidence! Inspired by CaliSkier, I picked up 40 rolls of Fed nickels from my bank today to look for 2024s. I only found one 2024 and it was a P. However, I also found two buffalos, 1937 D and 1938 D–… Read more »
Nice find(s) Major D. Do banks still readily sell rolls non business customers. I’m always afraid to ask.
Banks down here will order boxes of coins if you have an account with them. They get weekly deliveries, so you may have to wait and return to pick them up
VinnieC, they’ll order boxes of 1c for me, as well as give me loose rolls if they have them (customer-wrapped and Fed-wrapped). At first, they’d ask why I needed them and if I had a business. I didn’t lie and if they needed them for business customers, I understood and was polite about it. But then after I’ve gotten to know the tellers, they’d assist me in telling me what they’d just got in. I received rolls of SBA dollars and Kennedy halves that way (one time a whole box), as well as sealed boxes of 2009 Lincolns each with… Read more »
The bank branches in my suburban neck of the woods don’t appear to take all too kindly to collectors. Any requests or even questions in regard to the availabilty of coin rolls seem to elicit a “Say what, honky?” sort of look.
Thanks for the bank roll info DAVESWFL, Major D and Kaiser Wilhelm.
Did you really find a ’38-D 3-legger? Those are some impressive little finds there!
Friday night Nerd Club…..
10-4. It’s a little dirty but I’ll try and take a picture.
Here it is. It’s pretty crudded and not worth much, but all I see is the hoof on the far left.
Yep, sure enough! In MS they will fetch four figures.
Here’s the obverse
For whatever reason, the Obverse is certainly far superior to the Reverse.
AKBob,
At the coin show I went today, all the talk at the All About Coins (Bob Campbell) booth was about the theft of the gold nugget at the Long Beach Expo.
VinnieC, well I’m not too surprised as if that was my nugget I’d probably talking about it a lot. Keep the conversation going so more folks hear about it and eventually someone might come forward with some interesting information! Keep the Conversation Going!! Thx for the post letting us know what the “talk of the town is”!! It would be very sad if the nugget was melted down as there really aren’t too many large nuggets still around from the 1849 Gold Rush out there CA!!! There’s some history in that nugget! I wonder just how many hands it’s gone… Read more »
Here’s one(of many)that I’ve thought about….
How about inside a carved-out middle interior door hinge? Three screws, easy access. Not that I’ve considered it or anything, nothing to hide here.
I’ve got a squirrel that’s been storing black walnuts in my exterior wall, so there’s that, too!
Oh I think there’s many things that you could/should hide! Even a 35% Ag Nickel hoard.
Now just get your handy “slab cracker” and have a few walnuts!
Put one of these below here & there, just watch the electrician very closely when he visits, the squirrel too…
That goes a long way to explain the stories of a new homeowner or house flipper finding hidden treasure during a remodeling project. It’s like the squirrel forgetting where the hoard of nuts was stashed. I suspect my parents hid stuff in their house and it may yet be found someday (long after it was sold)….
As for my squirrel, he’s not very smart. He hasn’t figured out how to retrieve the nuts that he dropped from the small opening between the soffit and siding sheathing that fell down between the exterior studs.
Guys, this one of those crazy wild notions, but might it be clever to both steal it with and hide it in a hollow finger? Just sayin’.
Whoa! We don’t want to go places to hide on the body.
ALL, I made a Post on the Morgan/Peace Dollar article and it’s kinda long and I’ve asked a couple questions and would really like some feedback from you ALL. So if you don’t mind, could you go back a couple articles and look at my Post and give me your feedback/answers/opinions! I would be very grateful! My post has to do with the 2020 W $50 V75 Gold Eagle, mintage of 1945, Rick, you have MY COIN, lol!!! Thx
Well, as always, Good Luck ALL!!!
AKBob, I’m thinking 2020W V75 Gold has sort of plateau but will exhibit inflationary type rise of a few percentage points a year (i.e. a slow rise over time). Although with a mintage of 1945 the price may be a little unstable because the sales volume will be so low. I’ve been tracking the 2019-S ERP ASE and that is what that coin seems to be doing. FYI I mentioned this before, I’m one of those cheap a** MS68-69/PR69 bargain hunters. I figure since I have a hard time distinguishing between a PR69 and and PR70 I might as well… Read more »
VinnieC, I’m all about bargain hunting, too! As for buying coins as an investment (excluding gold, which is a league of its own), many will likely say that you’ll lose your shirt. IDK, I’m inclined to think that it can be done but I’m more of the money-baller type–I’m not looking for a lot of high$ home runs, but rather a large on-base percentage that will all add up $ in the end, at least (hopefully) selling for more than I paid– a little at a time during retirement starting in a few years. However, you can only sell as… Read more »
Major D
Remember when the USM sold about 7 million Statue of Liberty dollars. They are everywhere these days and not worth very much, but an interesting contrast with current times (the mintage, not the devaluation)
VinnieC, I think those days of million mintages are gone. Perhaps the USM can continue with the 100,000+ mintages for a while. Ultimately, I wouldn’t be surprised if it adopts the RCM model of 3-digit and 4-digit mintages for most of its products as it continues to inflate its prices. But the devaluation, I’m afraid that’s likely to still occur for most products.
Major D and VinnieC,
The only thing I can imagine suggesting in regard to possible coin worth is that we appreciate and enjoy our numismatic possessions for what they mean in our hands and our collections.
20xface to sell my friend….if you try a little
JQC, great to hear from you My Friend! You have been missed! I’d like to say that I’m very sorry for the loss of your MIL.!! My MIL is going to be 93 this October and by golly, Lord willing, she still has many years ahead of herself! I think she’d only been to a dr a few times till the past 5 years! She’s a Nebraskan and those gals are tough! I’ve told My Wife that I wouldn’t be surprised if she outlived both of us, lol! Sadly tho, no matter how you seem, we can all pass on… Read more »
I feel for you, VinnieC, when you talk about limited budgets. Every year my allowance for coins by virtue of strained resources is compelled to shrink, and of late rather more drastically so, as the price of everything in our economy continually goes up and my already always piddlin’ Social Security allotment just refuses to follow suit. I’ve only ever bought one 1/10 ounce gold coin and it certainly appears that silver coinage is now beginning to emulate its far more illustrious cousin with its own increasingly drastic price increases. And speaking of non-precious metals, even the clad commemorative Half… Read more »
AKBob,
I used to track V75 ASE OGP E-Bay median prices on a I did it for about two years. I’ve stopped but it looks like current prices are about where I let off. I tracked a few other USM coins too. Had I known I would have kept track of the V75 AGE in PF/PR70 grade,
VinnieC, AK, This is just one popular Auction site that has seen 112 v75 coins pass through in the last 3-4 years, It does tell a story as to how the coin has played out in actual sales & numbers. As time goes by, less & less are coming to market. Scroll down as you check the prices and dates. From 2 weeks ago until 2 years ago, around the summer of ’22 prices were fairly close at around $20,000.+/- Before mid ’22 the prices were less overall, and in 2021 they were even ‘cheaper’ lol… It’s an interesting trend.… Read more »
Rick, I think as collectors pass on their collections to heirs, you’re going to see inventory re-enter the marketplace, as many collections will get liquidated IMO. And as coin shop owners age you’ll see shops close and an influx of across-the-board product there, too. Could the “great slab release” dump of 2030 or 2040 be on the horizon?
We all know that except for the small number of unusually desirable motor vehicles whose prices seem to climb interminably, the vast majority of cars begins their value decline from day one on the road and progresses until they are eventually worth nothing. I perceive a perhaps similar scenario playing out with coins, and I can’t help but believe that what this portends is that while a relatively small minority consisting of the very top of the line pieces of coinage will continue to increase in value, the rest of the coins at large in the world, whether in jars,… Read more »
VinnieC, thx much for your comments! I always enjoy your opinion and you bring up important points and issues that lead to more discussion which is one of the reasons we read this blog! I’m always surprised at what others keep track of, very interesting. It helps to keep my brain functioning……………..ok, no wise cracks after I said that, lol!!!! Thx again VinnieC.
Well, as always, Good Luck ALL!!!
AKBob, I have a few thoughts on this coin, but I’ve got to get back to you. I’ll leave you with a couple of quick thoughts first; 1) REB has the v75 $50 Gold as well(others too?),and he gets a huge shout out from me for having Every Single Gold Proof American Eagle Ever Made! All of them and counting. Not to mention Every other Modern Gold Proof and counting, Wow! That’s a huge accomplishment right there. One that I envy, as anyone. Who wouldn’t? REB chime in anytime. Your thoughts count as much as anyone else… 2) Early to… Read more »
FYI my background on my v75 $50 Gold. The brief version… I bought it in the sealed Mint box on eBay a week or two after it’s release. Early Dec 2020 for $10,000. They were all going for $10-$15,000 Mint Sealed/In Hand at the time. The seller was a young Chinese man in Manhattan with about 5 eBay feedbacks. Talk about me being nervous… After receiving it I opened it up just to be sure. It looked great. I weighed it(in capsule) and it was a perfect match compared to my other $50 coins weight. I put it away until… Read more »
Rick and E 1, that is one heck of a Major League grand slam homerun of a coin right there! By comparison, I’m playing in the pee wee league at best.
Major D,
I prefer to hang out in the cheap seats myself. However, I may add that 2020 V75 AGE to my list.
Rick,
Thanks for the “Word Up” on those copper spots. Something I was completely unaware of.
Cheers
Sorry, meant to include you REB- you’re the homerun leader!
A Grand Slam! The PF King!
AKBob in a previous thread said: “Question to ALL, do you think the 2020 V75, mintage of 1945 coins, PR70, (pay attention, it’s a 69 not a 70) will go up in value much more in let’s say 10-15 years than it’s present day value of let’s say $13,999.00?” Also: “I may end up getting me one eventually! I’m thinking $25K is going to be it’s plateau, what do you ALL think?” And: “Should I cave and be happy if I have an opportunity for another 69?” Much to consider, based on what you’ve shared with us, over the past… Read more »
Great analysis Cali. Good points to ponder. Who knows where this V75 coin may go in price. The only other one (I think) that is close to it as far as mintage numbers is the reverse proof AGE. That spiked in price and seems to have come down quite a bit from its high. Same with the 95W ASE.
ECG, one of my most favorite gold coins is the 2006 Reverse Proof coin! I just love it. I have one that’s PCGS PR70, First Strike, Flag Label and the Uncirculated W Gold Eagle from the set too. I don’t have the Proof to complete the set tho. I’ve just had a hard time pulling the trigger on it as it’s a $4500 coin or more. There’s two on Ebay now, one for $4500 the other at $8000 plus. There aren’t many of the proofs from the set in 70, it’s the hard one out of the 3 coin set.… Read more »
AKBob, I saw those PR-70’s on eBay. One has an autograph on it which is not worth the extra money. I have the 95W in the original set. It’s not a PR-70 but it looks fantastic with the other 4 gold proofs.
Rick, Cali, ALL, thank you very much for the feedback, opinions, etc. I am in agreement with all of the feedback! In answer to Cali’s questions to me, if I purchased one, it would be to Hold! I’m keeping my gold for sure, at least that’s my intentions presently. I think “if” and that’s a huge “if”, I purchased a PR70 for say $25K, and in 4 years it went up to $50K, I’d probably sell it. I do really want it for my gold collection. My wife and I are NOT wealthy/rich whatsoever! We live very simply actually. We… Read more »
AKBob, It’s good to get to know you and learn a little bit more about your life up in AK! Thanks. So you’re saying that you can’t even witness your wife’s skirt blowing up!? LOL! Ultimately it’s going to be up to you(and wife) on the v75. You are narrowing down your collection(selling Ag)and continuing your great series like the ASE’s & Libertys, and now older Gold. If you are serious about it do the best you can to ask questions about the coin. All sellers will reply. Also, and luckily for the graded v75 coins, all have been photographed… Read more »
AKBob Here is another PF69 below, I’m surprised that it is a 69… Check out the hanging chad up there at “STATES” on the reverse! Click it. Also the other Gold flake debris stuck here & there & all over. You do not want a Gold coin like this. AK get the PF70DCAM and be done with it if you really want the coin. You’re going to need to pay $20,000+ for it. I know you enough to know that you won’t settle for less. You can also take a chance as I did with a sealed Mint box? The… Read more »
Rick, all great thoughts, ideas, etc from You! Your right, I won’t settle for a 69! I would rather not have it and just wait for a 70. I’m about to or at least thinking very seriously about getting implants and new teeth! I’ve got the funds for it, it’s going to be $20K – $35K for new teeth, gulp !! Ya, I could purchase the V75 and 2 – 3 Pre ‘33 Gold coins for what my teeth will cost! That’s why I’m hesitating about getting new teeth! It’s a really hard choice for me. Boy, you ALL will… Read more »
Well, I should say the right thing, and that’s your health comes first. Keep your eyes open for a v75. Put them in your searches. eBay is just one coin trader to watch as I’ve highlighted. Also maybe Silver will jump some more and spread it’s wealth back at you, and the v75 later! Are dentures an option, or cheaper? I don’t see eating that fresh AK Salmon as a problem at all with some teeth missing!?. It’s the fresh Black Bear Jerky that could get ‘tough’! But then again after new teeth you’re going to need some toothpicks handy!… Read more »
Rick, yes to your question about Dentures, they are maybe $4K. I’ve already had partials but I’ve lost or broken off a few teeth since I got those so they’re useless now plus the last time my dentist fitted them, she spent 45 minutes and they felt great till I got home and ate. As soon as I started chewing it was so painful I quit using them. I’d have had to make another appointment, go thru it all over again and I just said forget it. So partials or dentures aren’t what is going to work for me. I… Read more »
AKBob and Rick,
If I had to be the “deciding” vote here, I’d go for the teeth. 🙂
AKBob,
All I will say is when you get those be sure they are graded New Teeth 70!
Ahh, you’re killing me!!
AKBob,
Good like with the teeth. I got 1 implant a few years ago and that was no fun. It sort of does put coin cost in perspective.
Rick, I wonder if the reason it got a 69 was that it was considered a strike through error that the owner didn’t pay to get attributed. I am thinking back to the 2021 D Morgan I got from the US Mint with a big divot that I speculated was a strike through. Going through lots of NGC and PCGS pictures there are a lot of “struck through” 69 graded 2021 Morgans (especially from Denver) however I think the strike through would prevent it from getting a 70. I don’t feel that is the most attractive error. I’ve seen many… Read more »
Keep it coming! I learn a lot from everyone!
At this time I see no indication whatsoever of a strike through error.
In a normal lighted situation, sans the cameo, I would bet that the spot is red in color. I am no expert either, so my opinion is probably moot.
Rick I was referring to the second picture where you pointed out the chad at top of “A” of “STATES”. From the picture I thought the defect like incuse, but I can’t be sure. When you said spot in your reply, I get the impression you are referring to the first picture with the spot near near the “M”. It just comes back to it being hard for me to recognize a 70 vs a 69 or lower. I have not over submitted any of US Mint purchases to a TPG because I don’t know how to pre-screen a coin.… Read more »
Sorry VinnieC, I was confused as to which photo. When I click near the chad/flake on the second photo it zooms in great. I see a thin gold flake positioned on its edge and stuck there. Almost as if the high heat from the third strike had knocked the debris loose, and it fused itself in place? Possibly some built up gold debris accumulated onto the die, especially near the rim where a lot of pressure/squishing/finning occurs. If you could just touch it with a pick it might break free and fall away!? There are smaller flakes spread around and… Read more »
Rick,
Thanks for the great picture – that’s an awesome coin!
Rick, how the heck did that copper blotch get in there? Is that Mint or post-Mint?
Those copper spot’s are fairly common, ask JQC or any pre-33 veteran. Often seen on vintage pre-33 Gold(22k). They are also seen on modern 22k coins as well on occasion(v75 above). Even Modern 24k coins have copper spotting here & there. I have personally had a Buffalo with a red spot, and currently own a Spouse 24k coin with a small copper spot. Sometimes it’s not a big deal, other times it is. These impurities/poor mixtures all have to do with the pre-struck Planchets provided to the Mint. One could at anytime raise some serious questions on that ‘so called’… Read more »
Rick,
Ouch, ouch and ouch again. What a shame for that to occur on this 24K coin! If a planchet were Catholic (spoken like the good little altar boy I so very long ago once was) this copper spot on it would be considered a Mortal Sin!
profuse piles of pointless pennies – please pause packing pallets pronto!
Completely confidently categorically concur; consider crushing curious copper coins!
Expedite eradicating exorbitant empty exchanges, exhibiting errant excesses, evermore! PS Next narrative, now needs, nine, neatly notated Nickel nuances? PSS Excellent word play c_q and Kaiser Wilhelm
CaliSkier and c_q,
Well played indeed, gentlemen. Always a pleasure engaging in word games and mind tricks with you, or is it word tricks and mind games? No matter.
C’mon now c_q, are you trying to take away my Friday night’s entertainment?!
Speaking of teeth ……this thread is getting a bit long in the tooth 🙂
I did full mouth falsies (get your minds out of the gutter) on implants. Several ounces of gold, but what a pleasure to be able eat, talk, and sing and ALWAYS have a painless smile. No regrets.
It has been educational though, gentlemen! I have spotted ASEs holdered in PCGS 70. $hit happens
DAVESWFL,
I could rant for days and days on the ASE spot problem. But, I don’t want to get anymore letters in the mail from the you know who. Below is a small portion of my rejects.
Ready for the next article.
Pull on my finger.
Those High End Silver Eagles, it’s hard to not feel your pain & frustration in just looking at them.
It’s no wonder you stopped your Registry set…
You had no choice. Talk about killing your enthusiasm on those.
If a new article pops up, and ‘if’ you post a “V” report. I’ll add in an update on the mysterious NGC “First Releases” Extra V story. If no report, I’ll update anyway! Thanks for a couple of thumbs up!
DAVESWFL,
Leads me to believe milk spots have no relevance in the grading process. True?
My $.02..
No relevance at all, they grade on the amount of contact marks, scratches, abrasions, and strike flaws. Spots could influence the grader to downgrade on occasion.
The ASE’s that Dave and E1 mention above were graded with Zero spots, not one. The spots they are referring to had developed post grade/encapsulation leading E1 to never by them again. I won’t either with the exception of bullion.
Rick,
Got it now, and many thanks for that thorough and conveniently understandable (for a non-grading collector like me) explanation. I had already given the idea of pre-grading versus post-encapsulation spotting some thought and now even that has been cleared up.
Funny, haven’t seen any of the new coins (this year) in my neck of the woods and I live in a major city. I asked the bank tellers and they tell me the same. Must only be in Philadelphia and Denver.
Antonio, I’ve had my best success getting 2024 coins at the grocery store in change. And when I see them, I’m able to get additional change trading in a few dollar bills.