Today, May 1, 2012 at 12:00 Noon ET, the United States Mint began sales of the 2012 Presidential $1 Coin Uncirculated Set. As a change from prior years, this product will have a limit of 100,000 sets.
Each set includes examples from the Philadelphia and Denver Mints for each of the 2012 Presidential Dollars honoring Chester Arthur, Grover Cleveland (first term), Benjamin Harrison, and Grover Cleveland (second term). These eight coins are packaged in a folder containing biographical information and portraits of each President.
The coins are described as “uncirculated” which has come to mean the brilliant finish used for the annual uncirculated coin sets. These coins are typically better produced and more carefully handled than the “circulating quality” coins included in the numismatic bags and rolls.
The price of the 2012 Presidential Dollar Uncirculated Set is $16.95. This represents a reduction in price of $3 compared to the price of the prior year set, which still remains available for sale.
It remains to be seen whether the elevated sales levels recently experienced for the Presidential Dollar rolls and boxes will carry over to other numismatic products for the program. The 2011 Presidential Dollar Uncirculated Set, which did not carry a limit, has sold 65,082 units as of the latest sales report. The US Mint has optimistically set the limit for the 2012 set more than 50% higher than this amount.
Numismatic Gold Product Price Increase
Just one week after a price decrease, it seems likely that prices will be increased for the US Mint’s numismatic gold product offerings. Based on the available London Fix prices for the weekly period, the average price of gold will most likely fall into the $1,650 to $1,699.99 range. In the most likely scenario, as long as the Wednesday London PM Fix price is above the $1,650 mark, then a price increase will take place.
The impacted products would include the 2011 Proof Gold Eagles, 2012 Proof Gold Eagles, 2011 Proof Gold Buffalo, 2012 Proof Gold Buffalo, 2011 Uncirculated and Proof First Spouse Gold Coins, and 2012 Uncirculated and Proof Star Spangled Banner $5 Gold Coins (plus the Two Coin Set which includes the proof coin).
Each of these products would see the price increased by $50 for each ounce of gold content. Price changes have usually been made effective around mid-morning on Wednesday.