Today, July 12, 2012 at 12:00 PM ET, the United States Mint will begin sales of circulating quality Chaco Culture National Historical Park Quarters bearing the “S” mint mark. This will be the second release within a new product type created this year by the Mint.
Proof quality Chaco Culture Quarters bearing the “S” mint mark have previously been released within the annual sets, as typical. The circulating quality versions with the “S” mint mark are being offered within bags and rolls.
The new product type was created by the US Mint since they were looking for a new numismatic product with the “S” mint mark. They felt that using the “S” mint mark on America the Beautiful Quarters would also have the benefit of some increased visibility for the program. These bags and rolls will be released for each of the five 2012 quarter designs, although no determination has been made as to whether the products will be offered for future years of the series.
The present offering is for 100-coin bags or 40-coin rolls containing 2012-S Chaco Culture National Historical Park Quarters. The packaging incorporates the site name, state abbreviation, mint mark, and face value of the contents.
The 100-coin bags are priced at $34.95 and the 40-coin rolls are priced at $18.95. The US Mint intends to have these products remain available for sale for one year from the initial release date.
There are no maximum mintages or household ordering limits established. Earlier information has indicated an initial mintage of 1.4 million coins for each of the five 2012 designs, although additional coins may be produced to meet collector demand.
Orders for the previously released circulating quality 2012-S El Yunque Quarters started slower than expected, but have maintained a steady pace of sales over the past two weeks. As of the most recent report, the US Mint has recorded sales of 6,434 of the 100-coin bags and 9,334 of the 40-coin rolls, which accounts for 1,016,760 coins.
2012 San Francisco Silver Eagle Set Sales
The United States Mint has not provided any further updates to the last reported figure of 251,302 cumulative sales for the 2012 San Francisco Silver Eagle Set. This figure was posted around July 6, 2012 at 2:00 PM on the sales odometer placed on the product page, although the odometer has now been removed.
Michael White of the Office of Public Affairs provided the following statement:
The adjusted net sales for the American Eagle Two-Coin Set is 251,302. Remember, this number will likely change before all units have been shipped as customers can cancel orders at any time prior to processing, there may be credit card declines or we may have returns. Also, the number is unaudited, so it is an approximation.
This statement confirms some of the possible scenarios mentioned earlier, which may serve to reduce the sales total.
Michael White also confirmed that orders sent by mail would be accepted as long as they were postmarked by July 5, 2012. This creates the possibility that the sales total could rise due to orders sent by mail with a postmark on or before July 5, 2012 that were not received or processed by the time the Mint made the last sales update.
If an updated sales figure is provided at any point, I will share this with readers in a new article.