Today, October 4, 2011 at 12:00 Noon ET, the United States Mint will begin sales of the Rutherford B. Hayes Presidential Dollar Coin Cover. This will be the 19th release in the ongoing American Presidency Coin Cover series.
Each cover includes two 2011 Rutherford B. Hayes Presidential Dollars from the first day of production at the Philadelphia and Denver Mints. The coins are mounted on a display card with an illustration of the President and a post mark of “August 18, 2011″, which was the first day the coins were released to the public.
The covers have a maximum product limit of 22,000 units and are priced at .95 each, plus applicable shipping and handling.
Previously released Presidential Dollar Coin Covers from the 9th President onwards remain available for sale on the US Mint’s website. The 2009 covers are limited to 40,000 units and priced at .95 each. The 2010 covers are limited to 32,000 (except for Abraham Lincoln at 37,000) and are priced at .95. The previously released 2011 covers are limited to 22,000 and priced at .95.
New US Mint Sales Report
The latest US Mint numismatic product sales report is available on Coin Update.
The numismatic ATB 5 oz. Silver coins and proof & uncirculated American Silver Eagles each showed negative sales for the week. This would reflect any order cancellations or returns which occurred during the ongoing sales suspension. As yet, no information has been provided on the new price levels for the impacted products, or when sales will resume.
Gold and Platinum Numismatic Products
It is possible that there may be further price reductions for the US Mint’s numismatic gold and platinum products this week.
Gold products are currently priced based on the ,650 to ,699.99 range. The weekly average price not including tomorrow’s AM Fix price is ,639, suggesting that the final number will fall into a lower tier. However, a pricing adjustment will only take place if the Wednesday PM price agrees directionally. So in the most likely scenario, the pricing will depend on the Wednesday PM Fix price- if it is ,650 or above, then there will not be a price adjustment; if it is below ,650, then there would be a one tier price decrease.
The US Mint’s single platinum product is priced based on the ,550 to ,649.99 range. The weekly average price of platinum not including tomorrow’s AM Fix price is ,513. Additionally, the current market price of platinum is ,474, suggesting the high likelihood of a price decrease. The 2011 Proof Platinum Eagle price would decline by 0 to ,792 per coin, which would be the lowest price for the product to date.
Generally, the US Mint makes pricing adjustments effective for the gold and platinum numismatic products on mid-day Wednesday.
Thanks To Mint News Blog