2012 Native American Dollars Sold Out

The United States Mint has now sold out of every product option for the circulating quality 2012 Native American Dollars. The theme for the coin was “Trade Routes in the 17th Century” and the design depicted a Native American and horse in profile with three horses running in the background to represent the historical spread of the horse.

2012-Native-American-Dollar

Sales of circulating quality 25-coin rolls, 250-coin boxes, and 500-coin boxes originally began on April 26, 2012. A little under three weeks later on May 14, 2012, sales of 100-coin bags began. Each option was available containing coins from either the Philadelphia or Denver Mints, carrying the “P” or “D” mint mark.

All eight of the product options have sold out, with the 25-coin rolls the last to go. The most recent sales figures are shown below, along with a tally of the total number of coins distributed through the products.

2012 NATIVE AMERICAN $1 COIN ROLLS
Units Coins
$25-roll (P) 27,942 698,550
$25-roll (D) 27,975 699,375
$250-box (P) 2,588 647,000
$250-box (D) 2,583 645,750
$500-box (P) 473 236,500
$500-box (D) 451 225,500
$100-bag (P) 1813 181,300
$100-bag (D) 1722 172200
Total 3,506,175

Of the total 3,506,175 coins distributed, there were 1,763,350 coins from the Philadelphia Mint and 1,742,825 coins from the Denver Mint. The US Mint’s reported circulating coin production figures actually show a total of 5.88 million of the coins struck. I have no explanation for the difference between the number struck and the number distributed.

Whatever the mintage level may be, it is significantly lower compared to previous issues of the series. The 2009 coin featuring the three sisters method of planting had a combined mintage of 74.9 million. This was followed by a combined mintage of 80.78 million for the 2010 Great Law of Peace design and 77.56 million for the 2011 Wampanoag Treaty design.

The higher mintages for these years were attributable to the US Mint’s Direct Ship Program, which used to allow business and consumers to order the coins at face value with no charge for shipping. The program was responsible for distributing several hundred million $1 coins, including the bulk of the mintage for Native American Dollars. The program was altered on a few occasions after reports of abuses and quietly canceled in early 2012. The end of the program closely followed the Treasury Department decision to cease production of Presidential $1 Coins for circulation.

For 2012, the only outlet for the circulating quality Native American Dollars was through numismatic bags and rolls.

buffaloOther News

The weekly numismatic product sales report is now published on Coin Update News. This report contains the opening figures for the 2013-P White Mountain National Forest Five Ounce Silver Uncirculated Coins, which seem to have benefited from the lower pricing.

Based on the available data, it is likely that there will be another price decrease for the United States Mint’s numismatic gold products. Prices for these products are based on a gird and may be adjusted as frequently as weekly based on changes in the weekly average London Fix prices of the metal.

The average weekly price for gold is currently within the $1,350 to $1,399.99 range. This is one tier lower than the range of $1,400 to $1,499.99 which is used to establish current prices.

In the most likely scenario, as long as the Wednesday PM London Fix price is below $1,400, then a price decrease should take place. Prices would be decreased proportionally by $50 for each ounce of gold content. Price changes are usually implemented around mid-morning Wednesday.

Current numismatic gold products include the 2012 First Spouse Gold Coins, 2013 commemorative gold coins, and 2013 Proof Gold Eagles.

The lower tier would also serve to establish the price for the 2013 Proof American Gold Buffalo coin, which is scheduled for release on May 23. If the lower pricing tier goes into effect, the price of the offering would be $1,740.

Facebook Twitter Email

Comments

  1. Larry says

    Don’t like “gold” coins that aren’t really gold. Also, putting the date and mint mark on the edge is no good. The coin just looks weird without the date.

  2. Mike S. says

    I almost agree with Larry. The coin looks great but the date on the obverse would be much better.

  3. JagNut says

    They might be including the annual uncirculated mint sets + the special uncirculated dollar sets? That doesn’t bridge the gap but might get you closer – Just a guess.

    I enjoy collecting the series and actually look forward to the new design each year. The demand may not be that great right now but who knows what the future may bring us since they are producing fewer and fewer each year.

  4. says

    In addition to the price cut, it’s possible there may have also been some pent up demand for the AtBs as well. This one was due back in February and people were kept waiting almost as long as they were for El Yunque last year.

    It will be interesting to see if the Mint manages to sell out the maximum mintage this time around due to the price cuts (and if $180 is the final price floor for these coins).

    Perry’s Victory will be here in just a couple weeks.

  5. VABEACHBUM says

    Thanks for the update, Michael. Like you, I am perplexed by a disparity of 2.3M coins – representing 40% of the supposed production. In addition to the products listed above, we also can consider the UNC Dollar Sets and the Annual P&D Mint Set; maybe one other that escapes me. However, all those remaining sales combined do not begin to approach 2.3M coins. I’ll be very interested to know how the accounting might be adjusted, as well as on what side the adjustments are made… production, sales, or some of both.

  6. VABEACHBUM says

    @JagNut – Looks like we’re on the same page. Clearly, you read and type faster than I do!!!

  7. george glazener says

    Fantastic designs + low mintages spell a winner to me. I hope these NA dollars continue for a long time to come. There are so many other Native American achievements and individuals to commemorate.

  8. Mint News Blog says

    I don’t believe that the NA Dollars in the annual uncirculated dollar coin set and mint set are included in the circulating coin production of 5.88 million. The US Mint production totals page states:

    “These coin production figures represent all of the circulating coins produced by the United States Mint, including the coins sold through the Numismatic Bags and Rolls Program. The numbers do not include the proof or uncirculated quality (UNC sets) coins produced by the Mint.”

  9. paddy says

    The US sends out currancy to other countries both paper and coins…Just thought.

  10. high low silver says

    I send out currency to retailers here at home for the things I need and want.

  11. Don says

    The proof and uncirculated NA dollars are where you find the relatively low mintage figures, as compared to the circulating versions. I buy the annual Mint Uncirculated Coin Set every year because these are also better quality/struck coins than those intended for circulation, including the P & D NA dollars.

  12. high low silver says

    Burnished,satin finish coins ? No one cares Don……Ill stick with my old school coins and shell collection 🙂

  13. SilverFan says

    Does anyone know what the maximum mintages of the 5 ounce silver BULLION ATBs (not the collector version) will be for 2013?

  14. Dan in Fla says

    I saw the 2013 proof NA coins selling for more than the whole set. The example was graded 70 NGC. Personally I do not buy graded coins.

  15. thePhelps says

    “Burnished,satin finish coins ?” they haven’t been doing this to the mint sets for the last 3 years… the coins are the same finish as the circulating versions – just a better quality pressing.

  16. JohnT58 says

    SilverFan,
    I do not believe that the mintages for the bullion ATBs were ever announced. I do see that they have already sold 23,300 of the White Mtn. That suggests to me that the mintages will be much higher than they were in 2012.

  17. Mark in Florida says

    So Hawaii and Denali are the lowest bullion pucks. White Mountain outselling them the first week out is interesting. Wonder if they will keep making the 2013s to meet demand, or stop suddenly at some pre-set quantity. Probably depends on whether they can get the blanks.

  18. Rich says

    Changing topics here.., as there’s a lot of wisdom and expertise out there reading these post.., soooooo,

    I’d really like to know…, why has the 2012 Making American History Coin and Currency Set continued to run its pace?

    Is it because the mint over estimated demand for the set, and the fixed cost of packaging a SF Proof & $5 bill out weighs the cost of pulling the product which has incurred < 200 in sales over the past 8 weeks to a product sales level of 57k? With all the heat of the SF issue and the proof then being sold in the set, I would think the set would have concluded sales by now… like to hear your thoughts…

  19. JagNut says

    Its is still currently selling on the bep site as well. Wonder if the sales from that site are included in the totals?

  20. Jon in CT says

    The MAH coin/note set only went on sale last August and was technically limited to 100,000 due to the note’s serial number restrictions. It’s not inconceivable the Mint actually reserved 100,000 silver eagles for that set. If so, don’t expect a sell-out soon.

    Its is still currently selling on the bep site as well. Wonder if the sales from that site are included in the totals?

    No, it isn’t available for sale on the BEP website. If you try to buy it there, you get bounced to the Mint’s catalog website.

  21. high low silver says

    That’s very intresting Jon. BEP is still trying to sell series 2003 $2 bills, I hope the MAH sells out soon to get a final mintage of the 2012 proof silver eagle, should be very low.

  22. Boz says

    This is the first year that the Pucks will be spaced out in a reasonable order, instead of massed at the end of the year. It will be interesting to see how the bullions are handled. Since there is no “collector” base for a bullion coin, a bureaucrat or number cruncher could assume that so long as “one” is available, there is no need to continue an earlier version. White Mtn could “sell out” even before the Perry, etc. If there were to be an underrun, it might be compensated for later in the year on a Rushmore perhaps. So long as one of the 13’s is available to tidethe mint over until ’14’s come on line, why would the mint care?

    I see White Mtn as a sleeper in the bullion series.

    Just a theory…

  23. merryxmasmrscrooge says

    Looking at this blog entry, the “Trade Routes in the 17th Century” design rivals the classic buffalo design. I can see a gold or silver coin set with the Trade Routes in the near or far future.

    The only drawback is in both designs the letters and numbers are too clear cut, a kind of cheap modrern font. They need to made more rustic.

  24. merryxmasmrscrooge says

    however, the field of the buffalo design is rustic and cool. Trade Routes should also have the rustic field.

  25. bigdawg says

    talking about mint expenses and profits ,can anyone tell me how much the mint actually has into the silver proof or the regular proof set ,one delaer told me only few pennies per set,he said when you figure out all the metal they buy ,how many sets they make it come out to pennies a set ,does anyone really know?

Leave a Reply

Your email address will not be published. Required fields are marked *