The US Mint will begin sales of 2009 Native American Dollar Rolls on January 15, 2009 at 12:00 Noon ET.
The offering will consist of 25-coin rolls of the new dollar coins from either the Philadelphia or Denver Mint. Each roll is wrapped in specially designed yellow and black US Mint branded paper. The rolls are priced at $35.95.
The individual product pages are already online, although sales options will not be available until the official start of sales.
Readers of this blog may recall that the US Mint has already begun selling rolls of Native American Dollars in a different format. On January 2, 2009, the US Mint began selling the coins through its Direct Ship Program. Through this program, the coins are available at face value with no charge for standard shipping.
The only differences between the Direct Ship Native American Dollars and upcoming rolls offering are the following:
- With the upcoming roll program, you can purchase rolls individually. The Direct Ship Program requires you to order $250 or $500 worth of coins.
- The roll program allows you choose coins from a specific Mint. The Direct Ship Program does not allow you to specify the Mint. In the past, I have received coins from the Philadelphia Mint.
- The coins in the upcoming roll offering have “special” wrappers. The Direct Ship rolls have standard wrappers.
- The coins in the upcoming roll offering are explicitly described as “never circulated.” The Direct Ship rolls are described as “circulation grade.” However, experience has proven that coins from both offerings are of equal quality.
In most cases I don’t think these differences are worth the extra premium.