Circulating Quality 2013-S America the Beautiful Quarters

Great BasinLast year, the United States Mint began offering circulating quality versions of the America the Beautiful Quarters struck at the San Francisco Mint and carrying the “S” mint mark. This represented an unexpected new numismatic product type and the first time in more than three decades that the “S” mint mark was used on circulating quality coins.

For the five 2012 designs, the “S” mint marked quarters were offered in 100-coin bags or 40-coin rolls. Initially, there were indications that the Mint would produce a maximum mintage of 1.4 million for each design, however the Mint later clarified that this was only the initial mintage and the coins would be produced to demand. Product pages indicated that the bags and rolls would remain available for one year from the original on-sale date. The first design featuring El Yunque National Forest went on sale June 21, 2012, with the remaining four designs released on subsequent dates.

Collectors were caught by surprise in late November 2012, when some of the product options began to sell out. Within the next few following weeks, more sell outs occurred until the “S” mint marked coins for some designs were no longer available. Secondary market prices for these rose, hastening the sell outs for remaining product options. When the dust settled, the final sales numbers suggested mintages around the 1.4 million level for four of the designs and 1.7 million for the El Yunque design.

The table below shows the last reported unit sales for the circulating quality 2012-S America the Beautiful Quarters products. The second column and totals calculate the number of coins that would be included in the units sold.

2012 EL YUNQUE QUARTER BAGS & ROLLS Units Coins
100-coin bag (S) 10,017 1,001,700
40-coin roll (S) 16,961 678,440
1,680,140
2012 CHACO CULTURE QUARTER BAGS & ROLLS
100-coin bag (S) 7,279 727,900
40-coin roll (S) 16,528 661,120
1,389,020
2012 ACADIA QUARTER BAGS & ROLLS
100-coin bag (S) 7,254 725,400
40-coin roll (S) 17,093 683,720
1,409,120
2012 HAWAII QUARTER BAGS & ROLLS
100-coin bag (S) 7,100 710,000
40-coin roll (S) 17,478 699,120
1,409,120
2012 DENALI QUARTER BAGS & ROLLS
100-coin bag (S) 7,025 702,500
40-coin roll (S) 17,668 706,720
1,409,220

This year, the United States Mint has once again offered circulating quality America the Beautiful Quarters bearing the “S” mint mark. The number of products which include the coins has been expanded. In addition to the 100-coin bags and 40-coin rolls, a new Three Roll Set has been offered, which includes one 40-coin roll each for the “P”, “D”, and “S” mint marks.

Once again a specific mintage amount for the coins has not been indicated. However, the product pages for this year’s releases indicate that the products will be available for one year from the initial on-sale date or until inventory is depleted prior to the one year timeframe.

The table below shows the last reported sales for the circulating quality 2013-S America the Beautiful Quarter products. The first column indicates the unit sales and the second column and total calculates the total number of “S” mint marked coins included in the unit sales.

2013 WHITE MOUNTAIN QUARTER BAGS & ROLLS  Units Coins
100-coin bag (S) 7,572 757,200
Single-Roll Set (40 coin) (S) 9,688 387,520
Three Roll Set (120 coin) (P,D&S) 8,521 340,840
1,485,560
2013 PERRY’S VICTORY QUARTER BAGS & ROLLS
100-coin bag (S) 6,085 608,500
Single-Roll Set (40 coin) (S) 6,957 278,280
Three Roll Set (120 coin) (P,D&S) 8,924 356,960
1,243,740
2013 GREAT BASIN QUARTER BAGS & ROLLS
100-coin bag (S) 5,222 522,200
Single-Roll Set (40 coin) (S) 5,377 215,080
Three Roll Set (120 coin) (P,D&S) 7,879 315,160
1,052,440
2013 FORT MCHENRY QUARTER BAGS & ROLLS
100-coin bag (S) 2,906 290,600
Single-Roll Set (40 coin) (S) 3,423 136,920
Three Roll Set (120 coin) (P,D&S) 5,985 239,400
666,920

Despite the addition of a new product including the “S” mint mark and the positive secondary market performance for last year’s sold out products, the total number of coins sold is shaping up to be about flat compared to the prior year. At the time of this post, all of the products shown above still remain available for sale on the US Mint’s website, so unit sales and the number of coins sold will continue to grow.

With mintage levels for the circulating quality “P” and “D” mint marked quarters continuing to increase, the lower mintage “S” mint marked coins may represent an opportunity for collectors.

An interesting point of comparison may be certain “mint set only” coins issued during the modern era. For certain years, some denominations were not issued for circulation, but only included within the United States Mint’s annual Uncirculated Coin Set. As a result, these issues have mintages which are far lower when compared to the other issues which were minted in greater quantity for circulation. Most of these coins will carry premiums. Examples include the 1970-D Kennedy Half Dollar, 1973-P&D Eisenhower Dollars, 1981-P, D&S Susan B. Anthony Dollars, and the 1996-W Roosevelt Dime. Similar to the examples, the circulating quality “S” mint marked America the Beautiful Quarters will remain low mintage within the context of the series.

As a counterpoint, the United States Mint has progressively been moving towards more and more circulating quality coins which are only issued within numismatic products to collectors. Since 2002, the Kennedy Half Dollar has not been struck for circulation, but rather circulating quality coins have been offered to collectors in rolls and bags. The same transformation occurred with the Presidential Dollar and Native American Dollar series starting in 2012. This situation makes lower mintage circulating quality coins less remarkable.

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Comments

  1. Wes says

    Does the Mint regularly change release schedule? I noticed three weeks ago the Product schedule showed Annual Uncirculated Dollar Coin Set to be released Sept. 24th.. I checked this morning and it now shows to be decided. Are they pushing back release dates so they don’t have to give free shipping.

  2. VABEACHBUM says

    @ Steve, Joe and other Goldmart shoppers – Here’s my one and only Goldmart story that strongly supports the issues you’re dealing with now.

    While I’m a 90% OGP collector, I wanted to acquire some graded 2013 WP Anny Sets. So, as the sets started to ship from the US Mint and the major retailers were pre-saling their NGC / PCGS Graded Sets, I place a direct order to Goldmart, who had some of the best pricing for both TPGs at that time. $40 lower than any other retailer.

    I wasn’t in a real hurry to receive these sets, but occassionally checked on the status of my orders using my Goldmart user account. At the same time, though, I was continuing to monitor sales and trends for these sets on Ebay.

    While reviewing some graded WP Set auction listings one day, I came across a user name that looked stangely familiar – goldmart_949 – who was auctioning Graded WP Anny Sets “In Hand and Available for Shipping.” Yep. Guess who?? While I had yet to hear word one about my standing order for a lower priced set – that was billed against my CC on Day 1, they were using an item I already had paid for to take advantage of what the market would bear. Needless to say, I was HOT!! Immediately placed an extremely unpleasant phone call, then followed that up with a scathing email. I have not been back since.

    For those of you waiting on your Gold Mart “Graded RP Buffalo, you might want to check their auction listings under the user name I listed above.

  3. thePhelps says

    @Wes – yes the mint does often change the schedule, and yes others have noted the TBD on the annual dollar set.

  4. Ikaika says

    @ VABEACHBUM

    Did you receive your WP set from GM? I made a purchase before from them and they delivered as promised. But you may need some patient since it may take a while for delivery.

  5. Frankie says

    Look at the top left – it’s the same COPYRIGHT symbol as GM. Plus, they are based in the same city – Carson City, NV.

    In any case, I had no problem in getting my PCGS RP buffalo – PR70 – from them.

  6. Sith says

    @Wes – No they just extended the free shipping for another month. I would imagine it has more to do with getting the silver blanks. They do not seem to be able to keep them (and other PMs) in stock.

    My reasoning on the matter is that silver ASEs bullion sales are still being allocated, so IMHO the current decrease in sales has more to do with production issues or a lack of blanks than with a decrease in demand for silver.

  7. Wes says

    @Sith Free shipping until September 30th. Have they extended it past then? If not by the time they are released free shipping may not be around. I think it may have something to do with the packaging although that is only a guess. The Uncirculated ASE are not on back order.

  8. Sith says

    @Wes – The free shipping was initially only for August, September is the extension. It may well be the packaging as they are claiming that is the issue with the WP sets, but in my defense they would they have to remove the current batch of uncirculated ASE from their capsules to get them into the folders, that is unless they have uncirculated ASE lying around for different products

  9. wdg5 says

    Surprise surprise, got a GB-D quarter handed to me as change for my coffee purchase this morning. I am surprised as these things dont percolate that fast.

  10. VARich says

    @ Wes – I would add that you may not see the Annual Unc Dollar Set until there’s a price adjustment or the pricing is corrected. Last month the set was priced at $44.95 which is $1 over what the Unc ASE goes for…, hard to fathom that the mint would let 5 $1 coins and packaging go for $1 over the Burnished.

    I didn’t believe it when I saw it and think they goof’ed in pricing it.., & caught it once it hit the Upcoming product page. Hence, this is why I don’t think you’ll see it until there’s an uptick in silver products in addition to the reasons that Sith pointed out above.

    I also think that is why we haven’t heard anything regarding the Teddie set. It will have the silver medal and they want it to be a surprise.., they just want to price it once and avoid a reprice and tick off more collectors.., but who know.

  11. Ray says

    @Steve yep, i should probably stop buying 5oz AtBs. Man they’re addictive though. Theres nothing like holding a really sweet looking 5 ounce piece of silver like (P) AtBs. I used to love the Mexican 5oz Libertad’s the most, but since I started on these AtBs, they have become my top current collectible.

    If these coin changes for Liberty Designs on dimes, quarters, and half dollars goes into effect in 2015 or 2016, I’m interested to see if they will make 5oz AtBs for the Liberty designs. Theres only one thing worse than looking at a wretched queen on a coin, our ex-presidents. Heres to the hopeful new Liberty designs of 2015 (or was it 2016)!!

  12. Ray says

    DOes anyone have a link to the mint webpage that states the 2013 uncirculated silver eagle will be available for 1 year? I looked at the mint news page for the release and it doesnt state anything about having it available for a year. I recently read that the mint also stated this for the 2013 MInt set and silver and reg proof sets. Yet I havent seen any official documents from the US Mint about this. Has anyone seen anything official stating this? Thanks all

  13. VARich says

    Ray – it was on the Annual Unc Dollar Set when it was posted on the mint’s product page on the Purchasing & Shipping tab. Available for one year or till sell out.

  14. Jon in CT says

    Off topic; I see the CCAC is meeting again this Thursday with the following agenda:
    Review and consideration of themes for the reverse of the 2015 and 2016 Native American $1 Coin, and review and discussion of themes for the Congressional Gold Medal to the First Special Service Force, collectively, in recognition of their dedicated service during World War II.

    WRONG. The first sentence should read: Review and Discuss Candidate Designs for the 2014 First Spouse Gold Coin Program.

    The CCAC discussed the themes they wanted to see depicted on the 2014 First Spouse Gold Coins back on April 19, 2013. The Mint, by now, should have developed specific design proposals for these coins that could be reviewed by CCAC now. And then, just maybe, the designs of those coins could be finalized THIS year so that they can be released on time next year.

  15. fmtransmitter says

    John in Ct: As the British Parliament says, here, here, grumble, grumble, or yea, yea, or whatever they mumble when someone says something they agree with…

  16. joe says

    I contacted Goldmart today and Maria told the orders were processed as first come-first serve, and that I was one of the later orders. She said I would have to wait another week. Interestingly, when I ordered their website said they would ship in early September. I will wait another week and then request a refund…

  17. says

    Joe…as we both ordered on 8/21, I wonder when they first starting taking orders.

    Regardless, it’s very misleading when their web-site still says “new orders” will ship in mid-September.

  18. says

    WHEN? When are we going to see the release of the FIRST SPOUSE coins for 2013?????? Sickening to have them ALL come out at the end of the year! Hard on the wallet! Gripe gripe gripe and nothing changes!

  19. fmtransmitter says

    2 for r money, we been talking about this for awhile. This is all been a plan all along. The Mint is talking to Dealers closely these days. They (Dealers) know we are strapped around the Holidays, they want to be able to get first crack at them to slab them, AND they know there many knee deep in this set wanting to complete it. Perfect recipe to force the buyers to buy from Dealers later on when they get more cash. I been saying it and I will keep saying it. THE MINT WORKS CLOSELY WITH LARGE DEALERS. All businesses work closely with large buyers, but this was supposed to be a business for US Citizens to enjoy a long tradition and hobby. It is turning into any other business, perk up your ears to the guy who says he will buy all your inventory off of you in one swoop.

  20. fmtransmitter says

    My ATB S quarters have been in stock and reserved for over a week with no shipping or tracking email.Weird, I bet all the shipping employees are taking their 4 week vacation time before the end of the year when they will lose it IMHO??..

  21. fmtransmitter says

    I know my local Postal Employee took hers recently. They all seem to be on the same vacation schedule, Government employees…Could be wrong..

  22. Blair J Tobler says

    Regarding vacations, the employees at the fulfillment center work for Pitney Bowes Goverment Services (PBGS) – they’re not government employees.

  23. says

    fm…I’ve purchased from Aydin as well….no problems. While I’ve bought a lot of the bullion ATB’s, at the current price of $141…I prefer the “P” version for $14 more. I buy the bullion version when the price difference is greater than $25 per coin.

  24. VARich says

    Here’s a good article on that ANA label – The Coin Analyst: Are the Chicago ANA Buffalo Reverse Proof Gold Coins Really That Special?

  25. Sith says

    @Steve – I saw that, APMEX shows them to be temporarily sold out at mint. I do not think they will restart White Mtn, especially with the other having a lower mintage and Rushmore coming out but who knows, but I did predict a upper limit of 35K, lets see if it holds. My GB “P” finally show itself to be in reserved and in stock so it looks like the mint is getting its blanks.

  26. matt says

    I sent my first coins ever for grading at ngc. I’m the original owner of all of them, direct from the mint including that 1970. I was hoping one of the silver eagles would of been a 70, no luck. What do you all think?

    001 2013 W REVERSE PF BUFFALO – .9999 FINE EARLY RELEASES G$50 PF 70

    002 1970 D 50C MS 64
    003 1987 S EAGLE S$1 PF 69 ULTRA CAMEO
    004 1993 P EAGLE S$1 PF 69 ULTRA CAMEO
    005 1993 P EAGLE S$1 PF 69 ULTRA CAMEO
    006 1994 P EAGLE S$1 PF 69 ULTRA CAMEO
    007 1988 S EAGLE S$1 PF 69 ULTRA CAMEO
    008 1991 S EAGLE S$1 PF 69 ULTRA CAMEO
    009 1986 S EAGLE S$1 PF 69 ULTRA CAMEO

  27. VARich says

    Well, I was wrong.., maybe I should make more predictions – and it’s at $44.95!

    Sales Open September 24 for United States Mint Annual Uncirculated Dollar Coin Set

  28. Dustyroads says

    For anyone wanting to buy a proof Buffalo from the Mint, now may be a good time, assuming that the Mint does indeed intent to produce more. It stands to reason that someone could get a nice new coin rather than possibly receiving a return.

  29. Dustyroads says

    matt~Congratulations on getting your RP Buffalo graded with that wonderful 70. I know you must be disappointed with the rest of your coins not getting perfect scores. I have noticed that the US Mint has come a long way with it’s quality control in recent years, so 69′s should not be surprising grades for your ASE’s.

  30. Brad says

    If you “download all data to date” in XLS format, you can get a sneak peak at the 9/15 sales data. It’s interesting to note that the sales for the Buffalo Proof are listed at 14,676, with availability noted as “N.” Could that mean we’ll see the status updated to “sold out” by the end of the day? Maybe, but it could just be referring to the “backorder” status though. There is also the “N” after the White Mountain and Fort McHenry 5 oz. silver coins too. I just don’t know if they referred to “backordered” products with the “N” before in past weeks or not. I do see that all those weeks that Great Basin was “backordered” it was noted with the “Y” on the sales report.

  31. VA Bob says

    Matt – Hardly seemed worth it on those ASE’s (for 69′s). The 1993 P’s should be OK. The bad thing about modern proofs (and commems) is they are made to collect, so their is little attrition. The only way to insure long term value is for the hobby to grow. The number of flippers seems to be growing, which may boost the short term, but I fear the collector side is not growing so much. Each generation that passes use physical money less and many don’t even know what is available. At least you have a nice consistant set for your enjoyment, and that’s what it’s really all about. Will you be filling the missing dates?

  32. charles says

    Wow…I’ve never seen such “chopping at the bits” hoping for a sellout of the proof buffalo. Not that I blame ya…I would too if I owned one.

    I still don’t think it is about to sell out though. Price decrease coming tomorrow…will more people order? II wouldn’t be surprised to see sales surge as many are chasing the “new low” mintage. I guess we’ll know soon.
    Good luck everyone!

  33. Sith says

    Thank you Brad….we will find out but if true the Fort McHenry would be a new low for the series. I don’t think the mint would stop production on them, but then who would have thought they would stop Hawaii

  34. Sith says

    @Brad – Both of those ATBs are simply back ordered with scheduled ship dates at the end of the month, so that would mean that the proof Buffalo is not going to be sold out.

  35. EvilFlipper says

    I did not bite on the RP Buffalo as I thought the mintage was too high. Not for flippers. But the regular proof I am watching extra close right now. I will probably bite soon. Under 15k is a very reasonable number for a flipper! Not much in the way of flipping coins this year. I will wait until after the fed reserve meetings tomorrow which could be super gold negative for the usual traders…. But really how is any of it gold negative when we’re pumping markets up with 85billion a month! If the gold market tanks this week after the meetings than I’m pretty sure the mint will call it a year For the gold buff proof.

  36. Wes says

    With over 45000 cancelled orders for the WP SAE set I can see why the mint may have wanted to except more orders. With returns I think it may end up being near 50000 by the time they are through. Really makes sense why the mint issued the 2012 S Proof in a special set last year. they could easily sell the rest of the SE coins that were cancelled in another set if they choose too.

  37. charles says

    I really don’t think what the price of gold does will have ANY influance on when the 2013 proof buffalo sells out

  38. thePhelps says

    I doubt the mint has 50,000 2013 ASE from these sets sitting around. The cancellations have been coming in all along and they have simply been waiting on packaging. It would make no sense to over produce these when they had no packaging to put them in – so I would bet they have far fewer than the number cancelled, they just never made the cancelled order…

    I’d figure a pretty low defect/return rate also because of the length of time to ship – my guess is less than 5k were left over and that would be on the high side.

  39. Erik H says

    You heard it here first, the Mt. Rushmore 5 oz “P” will have a mintage of 15K.

    It looks to me like the mint is striking batches of ATBs in 15K lots. With a release date of 11/7, I think the mint will make 15k Mt. Rushmore ATBs and be done. It’s possible that the mint could also strike the average amount sold for the first four 2013 ATBs but I’m sticking with my prediction.

  40. charles says

    Eric, 15,000 would be nice, but Mt. Rushmore will be very popular and may sell out at 25,000.
    I do agree though, that being released so late in the year, does pose the possibility of 15,000. How smart will the Mint plan for this one?

  41. VARich says

    Well Erik, if memories serves correct, you’re batting 1000 out here or close to it, so maybe you’ll be in the ball park again.

    Just looking at numismatic premiums off the grid sheet.., geez, you really have to be hardcore to collect the FS series.., the FS proof, on a per ounce basis, carries a $430 premium (PT carries a $400), and the FS Unc at $390. My hat’s off to you all for staying the course! Price drop tomorrow….

  42. thePhelps says

    I don’t think they sell 15,000 of Rushmore and stop the presses. The bullion version might sell short though – isn’t that one required to be sold only in the year the coins are released?

    I agree that Rushmore will probably sell out at 25,000 – especially with silver staying low.

  43. Ikaika says

    May I ask where this new number of 234,532 for the WP set sales are coming from? The US Mint still says 281,310.

  44. Val says

    If there have been 45,000 WP cancellations, is it possible that some sets will be made available for sale in the Mint stores? What do you think?

  45. matt says

    VA Bob,

    I have one of every proof but two. My kids were born those years and did have the money at the time. I’ll get them some day soon…

    VA Bob says:

    September 17, 2013 at 12:56 pm
    Matt – Hardly seemed worth it on those ASE’s (for 69′s). The 1993 P’s should be OK. The bad thing about modern proofs (and commons) is they are made to collect, so there is little attrition. The only way to insure long term value is for the hobby to grow. The number of flippers seems to be growing, which may boost the short term, but I fear the collector side is not growing so much. Each generation that passes use physical money less and many don’t even know what is available. At least you have a nice consistent set for your enjoyment, and that’s what it’s really all about. Will you be filling the missing dates?

    matt says:

    September 17, 2013 at 12:08 pm

    I sent my first coins ever for grading at ngc. I’m the original owner of all of them, direct from the mint including that 1970. I was hoping one of the silver eagles would of been a 70, no luck. What do you all think?

    001 2013 W REVERSE PF BUFFALO – .9999 FINE EARLY RELEASES G$50 PF 70

    002 1970 D 50C MS 64
    003 1987 S EAGLE S$1 PF 69 ULTRA CAMEO
    004 1993 P EAGLE S$1 PF 69 ULTRA CAMEO
    005 1993 P EAGLE S$1 PF 69 ULTRA CAMEO
    006 1994 P EAGLE S$1 PF 69 ULTRA CAMEO
    007 1988 S EAGLE S$1 PF 69 ULTRA CAMEO
    008 1991 S EAGLE S$1 PF 69 ULTRA CAMEO
    009 1986 S EAGLE S$1 PF 69 ULTRA CAMEO

  46. Sith says

    @Val – I don’t think so, as they would have to be put on the market after the sales windows. Considering the delay I doubt these coins even exist to be resold, these are cancellations not returns, and I doubt the mint would allow them to be canceled after they have been minted.

  47. VA Bob says

    Two to pick up Matt isn’t too bad. I started pick these up in 92. but I later went back and got the 86-91.

  48. DNA says

    Perry’s Victory S-roll (WD5) now has a delayed ship date.
    Does this mean it will be the first 2013-S BU Quarter product option to sell out?

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