2014 Annual Uncirculated Dollar Coin Set

Today, September 8, 2014 at 12:00 Noon ET, the United States Mint will begin sales of the 2014 Annual Uncirculated Dollar Coin Set. The set brings together uncirculated versions of six different dollar coins issued for this year.

2014 Annual Uncirculated Dollar Coin Set

Across the six coins included in the set, three different series and three different mint facilities are represented. Specifically, each set includes the following coins:

  • The four uncirculated 2014 Presidential Dollars featuring Warren G. Harding, Calvin Coolidge, Herbert Hoover, and Franklin D. Roosevelt. These coins are struck at the Philadelphia Mint and include the “P” mint mark within the incused edge lettering.
  • The uncirculated 2014 Native American Dollar featuring a design representing native hospitality which ensured the success of the Lewis and Clark expedition. This coin is struck at the Denver Mint and carries the “D” mint mark within incused edge lettering.
  • The collectible uncirculated 2014 American Silver Eagle, struck at the West Point Mint and carrying the “W” mint mark on the reverse.

The six different coins are mounted within a display folder illustrated with a partial image of an American flag on the outside. Within the folder are brief summaries of the lives of the four Presidents, a discussion of the theme for the Native American Dollar, and background on the design of the American Silver Eagle. Coin designer and specification information is also included, along with a certificate of authenticity.

2014 Annual Uncirculated Dollar Coin Set

The 2014 Annual Uncirculated Dollar Coin Set is priced at $44.95 per set. This is the same price charged for the prior year set. The price level is only $1 higher than the current price of the individual 2014-W Uncirculated Silver Eagle.

The product is offered through the Mint’s subscription program, however it is not eligible for a discounted price. There are no stated product limits or household ordering limits in place. The Mint indicates that the product will remain available for one year from the initial release date or until inventory is depleted at an earlier date.

The United States Mint has previously offered the Annual Uncirculated Dollar Coin Set in 2007 and 2008. The product was canceled for the following three years due to low silver blank supplies amidst high market demand for bullion. The set was reintroduced in 2012 and has been offered each year since.

Sales for the product had reached around 90,000 sets in 2007 and just under 100,000 sets in 2008. For its return in 2012, sales had reached only 27,300 units.

Last year’s 2013 Annual Uncirculated Dollar Coin Set was released on November 13, 2013 and sold out last month. The last reported sale figure for the set was 43,040 units.

Facebook Twitter Email

BEFORE YOU COMMENT:

  1. Mint News Blog is not a retail website. If you wish to buy a coin or banknote, you should contact a reputable dealer. One of our sponsors (see ads at left and top of page) may also have what you’re looking for, so be sure to check out their websites.
  2. Per policy, we do not advise on the value, authenticity, or rarity of readers’ coins and banknotes. For this kind of assistance, you should contact a reputable dealer, preferably one who’s certified by the American Numismatic Association and/or the Professional Numismatists Guild.
  3. Vulgar and/or abusive comments will not be tolerated. Nor will trolls.
  4. Allegations of fraudulent or criminal activity against a named party, when said activity has not been proven in a court of law, will be removed.

Comments

  1. gary says

    What if anything does the silver American Eagle have to do in context with 5 different golden dollars except that none of them are actually seen in general circulation?

  2. stephen m says

    gary, if I understood your question correctly the answer is the ASE is the main attraction in the set to increase sales and they are after all 1 dollar coins. In the past ASE’s in any form have done well for the Mint. Some say it has been over done and lost it’s lure for sales.

  3. stephen m says

    and if the entire set was done in silver I think this would be a most attractive set. The 44.95 price seems high to me.

  4. VA Bob says

    This set is good if you don’t get the burnished ASE or the annual UNC mint set. It’s a good price. Of course if you happen to want the other 9 unc coins from the annual set, then the Mint gets you twice. Good marketing on their behalf I suppose. I’ll pass.

    They might have had something here if they kept through with it (of course that would have entailed minting ASE’s in 2009). When will the Mint learn that most collectors don’t appreciate holes in their collection? They could have made the set in 2009 and put some goofy Mint medallion as an ASE place holder, like they did with the 1982 proof set. At least it would have continued the continuity.

  5. simon says

    I pick up two sets annually and always look forward to this unique offering. OT: It will be interesting to see how the Kennedy silver set fares on release, with the “waiting room” feature long gone after PSFW takes over.

  6. Ikaika says

    @ Stephen m

    “The $44.95 price seems high to me.”

    The mint sells the ASE alone for $43.95, so getting 5 dollar coins for an additional $1 seems a better deal. But there are several ways to look at it depending who you talk to.

  7. cagcrisp says

    I have seen a couple of posts that comment about ‘Holiday Sales’ or ‘End of year Sales’ or something to the effect that close to year end we see a significant increase in sales. I do agree that sales do increase towards the end of year because of gift giving, however, is that gift giving significant enough to move the needle materially for Gold Products?
    The following Gold Products were Offered for Sales on 09/07/2013. I have the Product, 09/07/2013 sales, Total sales 01/05/2014 (17 weeks) and the 17 weeks average:

    Gold Product Offered Sales 09/08/13 Sales 01/04/14 Variance Weekly Avg

    2013 5-STAR GENERALS GOLD PROOF 4,793 5,844 1,051 62
    2013 5-STAR GENERALS GOLD UNC 4,175 5,658 1,483 87
    2012 FS GOLD UNC 1/2 OZ – ALICE PAUL 2,612 2,798 186 11
    2012 FS GOLD PROOF 1/2 OZ – CVLD 1ST 2,976 3,158 182 11
    2012 FS GOLD UNC 1/2 OZ – CVLD 1ST 2,297 2,454 159 9
    2012 FS GOLD PROOF 1/2 OZ – HARRISON 2,795 3,046 251 15
    2012 FS GOLD UNC 1/2 OZ – HARRISON 2,201 2,436 235 14
    2012 FS GOLD PROOF 1/2 OZ – CVLD 2ND 2,876 3,104 228 13
    2012 FS GOLD UNC 1/2 OZ – CVLD 2ND 2,201 2,425 224 13
    2013 AM BUFFALO GOLD PROOF 1 OZ 14,332 18,594 4,262 251
    2013 AM EAGLE GOLD PROOF 1 OZ 12,624 16,850 4,224 248
    2013 AM EAGLE GOLD PROOF 1/2 OZ 2,135 4,401 2,266 133
    2013 AM EAGLE GOLD PROOF 1/4 OZ 2,869 4,434 1,565 92
    2013 AM EAGLE GOLD PROOF 1/10 OZ 9,215 13,582 4,367 257
    2013 AM EAGLE GOLD PROOF 4-COIN SET 6,640 7,877 1,237 73
    2013 AM EAGLE GOLD UNC 1 OZ 5,480 7,293 1,813 107

  8. Pittsburgh P says

    Not interested in this set. I agree with VaBob that it would be a good deal if you didn’t already have the Burnished ASE but since I have a subscription for it & its the same exact coin I’ll pass…

    Cag vey interesting numbers. I didn’t figure the holidays would drive sale alot but did think it would be more than that…

  9. VA Rich says

    Pitt / cag- same data, different look – I don’t know how good a predictor the sold average is going back the argument of the EOY sales influence, none-the-less, here it is:

    K15 –
    8/10/2014 – 62,341
    8/17/2014 – 63,521 (+1,180)
    8/25/2014 – 63,388 (-133); price increase to $1,277
    8/31/2014 – 64,305 (+917); price decrease to $1,240
    9/7/2014 – 63,927 (-378)

    Forecasted Sales from Sold Average:
    8/25 – 498 x 19 + 63,388 = 72.8k
    8/31 – 654 x 18 + 64,305 = 76k
    9/7 – 396 x 17 weeks + 63,927 = 70.6k

  10. Boz says

    Makes one wonder how much the cheap Chinese made presentation box adds to the cost of the ASE uncs and proofs. My presumption is that the mint could lower the collector costs considerably by eliminating some of the packaging costs.

    But are there collectors who would be upset if the little boxes were done away with?

  11. cagcrisp says

    Gold Kennedy Guesstimates (resorted from low to high)

    • GoldFishin 66,532 – 73,185 07/31
    • Jeff 70k 07/10
    • TimTom 70k 07/31
    • Longarm 70k 08/01
    • VA Rich 50k +/- 8k 07/10 ; 71,293 07/31
    • Louis 50k 07/10; +/- 75k 08/01
    • zeeman 75,000 08/03
    • bg35765 75,920 08/01
    • Dustyroads 86,500 07/31
    • Pittsburg P between 88,000 and 110,000 07/31
    • gary 92,586 07/31
    • SilverFan over/under 100k 07/11
    • VA Bob 100k +/- 5k 07/31
    • A Bob 100,000 07/31
    • VABEACHBUM 07/16 do not think it will either garner the interest or come anywhere close to 109k
    • Sith 60k 07/11; 100k to 120k 07/31
    • thePhelps between 75 and 100k the first week and a total of 125k 07/31
    • Stephen m. 150k+ 07/11
    • Clark exceed 200k 07/26

  12. cagcrisp says

    I do have a question to those that have purchased the FS, Buffalo and Gold Kennedy. The presentation box. I was surprised that the Gold Kennedy box was larger than the Buffalo box. Looking at the pictures of the FS box I can’t tell the size. Where does the FS box fit in compared with the Buffalo or Gold Kennedy?

    I like the Buffalo box better than the Gold Kennedy. Other?

  13. Boz says

    Seems like the gold Kennedy crowd just can’ let it rest. Why spoil all of the threads by carry over to unrelated posts when there were many that dealt with that subject?

  14. Small time collector says

    @Boz – or, have it an option as medals, opt. presentation case.
    I also would like to see at a minimum a “standard” sized box (for each denomination. Smaller in size that is easier to store/display as the collector should choose. I recall my Dad’s proof sets that he bought for years, all the same size manila envelope neatly filed by year.

  15. cagcrisp says

    @Boz, IF you have read ALL the posts in the past this has been discussed Many Many times. We discuss what People want to discuss. If you Don’t like what we post then Don’t read. If you Want to discuss the 2014 Annual Uncirculated Dollar Coin Set then discuss it.

    This a Mint News Blog. We discuss things concerning the US Mint and Offerings from the US Mint…

  16. VA Rich says

    @Boz – my posting was addressed to Pitt & cag, it was not addressed to: @Boz

    @Boz – PLEASE IGNORE all of my future postings.

    To the blog – I personally welcome and appreciate all informative and value added comments related to the above modern offering, or any for that matter that may be of interest to the blog, makes us more informed collectors, and maintains an enthusiasm for moderns offerings. Thank you.

  17. Hawkster says

    This seemingly innocuous thread of the Uncirculated Dollar Set is already leading to an exchange of contentious comments between posters. Yeah, it’s the old debate: Stay on topic or wonder off. Honestly, how many on-topic comments can the Mint’s release of an annual set generate?

  18. Gary S says

    @Boz…….there is some major disappointments on how the JFK Gold played out..so people are struggling to just let it die….If your interested in one go to EBAY and buy one BELOW issue price…Gotta love it!
    Thanks to everybody that overpaid for one from the US Mint…..so some of us could buy them at a bargain price!
    FYI..i did post on here that this would happen! Nobody agreed!

  19. Ikaika says

    @ Gary S

    “Thanks to everybody that overpaid for one from the US Mint…..so some of us could buy them at a bargain price!”

    I am sure you still paid over $1000 based on the reports by many here in the blog. Some might be saying the same to you guys that bought it now. APMEX will be buying them for $10 over spot 😉

  20. gary says

    Has anything like this ever occurred with a precious metal coin from the U.S. Mint? While the Mint is still selling these, coins can be obtained for a $100 discount on Ebay and elsewhere perhaps. Ikaika, I wouldn’t be surprised at all to see major bullion dealers offer some for under $1,100 if this keeps up!

  21. Ikaika says

    @ gary

    Although I purchased from the mint, I am still surprised how many are still showing up for sale in the secondary market!!! I need to revise my guess. Less than 3000 collectors bought the JFK because they collect it 🙂

  22. Pittsburgh P says

    Thanks for the info VaRich & cag… Much appreciated.

    Can’t we just let the issue with the Chinese presentation boxes die yet? Geez! 🙂

    Gary S you said the JFK golds would be available for spot & I still disagree… You could get a PF69 for 100$ less than issue price for awhile but don’t think thats the case overall. It was 1 or 2 sellets dumping what they had & it seemed you couldn’t get an ogp for under issue. I picked up a 69 for a little over 1100$ because it came with ogp but also bought a few from the mint & am happy with those too. Am keeping them all. So you are welcome Gary S glad you got yours for a bargain – how many did you get at spot?

  23. cagcrisp says

    @Gary S, It appears from your post that you are insinuating that the you posted that the Gold Kennedy would sell for under Mint price and that No one on here agreed. Is that correct? As for as I know those that I respect Never would make such a statement. Many many of us have said from the Start that this would be a Flippers Nightmare and that if you Bought to Flip then Yes indeed it could go under Issue Price. I don’t know of any poster on here that I respect that would disagree. Flippers have to Flip and I don’t know why Anyone would pay MORE than Issue price on the Secondary market while the coin is still available from the Mint.

    @Ikaika, I would Not hold my breath hoping to get a Gold Kennedy for anywhere close to spot price. As for as the statement ” Less than 3000 collectors bought the JFK because they collect it”, surely your are kidding about that.

  24. VA Rich says

    Dave, MN, Clark – I received one of two return refund checks within two weeks – thanks gents for the insight!

    Of noteworthy, the other was denied, the letter wrote – “Our records indicate that your return as not the result of error, damage, or negligence on the part of the {USM} or your request for postal reimbursement was submitted after the 30 day deadline. Therefore, your claim for postal reimbursement has been denied.”

    So, that answers that, that coin(s) was clearly spin back around again, I wouldn’t want it if I had 20/20.

  25. VA Rich says

    I’m thinking last week’s sell of a 69 at $1,088 is the lowest I’ve seen.., $152 off mint price isn’t too shabby.

  26. cagcrisp says

    For Those that don’t read Every post. I bought 5 at Issue Price on 08/05/14 at 12:08PM. Shipped 08/12/14 and I received them on 08/14/14. All 5 were examined under a 10x loope and I found nothing wrong with any of them.
    I paid $1,240.00 and I have No Problem with what I paid, No Problem with the coins, No Problem with what is happening on the bay.

    It is a Flipper’s Nightmare and I have No Problem with that…

  27. Pittsburgh P says

    VaRich at leadt you got reimbursed for one… So that means they are actually looking at the coins or maybe they ranomly choose a few not to pay out 😉

    Cag anyone who reads this blog knows how you operate so I wouldn”t let it get under your skin…
    You know I got mine from the mint & I am happy it’s a flipper’s nightmare, I still say cancel this dog while yiu still can and buy the bay 😉 if it doesn’t come with ogp you cab buy that too for under 20$! I just bought one for 13$ just for the capsule so I’d have an extra – I’m sure I’ll use the box for somthin…

    I got a replacement capsule from the mint & they only sent half the capsule!!! They dud ship it 2 day air signature required 🙂
    Gotta love the US Mint

  28. VA Rich says

    Hey Pitt – we CALLED IT! Guess what “back order” status has disappeared?

    You’ll have to guess, I’m not allowed to speak its name on this thread! ;7

  29. KEITHSTER says

    Big problems with the OGP Cheap Chinese preentation boxes!!! Lots of my blue boxed Unc ASE’s and 5oz ATB’s in the black box I looked at the other day are just covered with what looks like a white powder and enough of it that the postoffice would have to notify the FBI if you try to mail them. Mint better deal with it soon and give up on the china boxes and find away around this mildew thing? As I’ve always been a OGPer but now will cut way back on the chinese cardboard although if this keeps up it maybe worth as much as the coin someday? First it was the baby milk then the cat food now the OGP man they don’t like us much or just their way of maybe selling more panda’s. The only good thing for now is that it will wipe off with a clean cloth and the coins are ok but it is very upsetting and needs to be delt with.Only seems to be on the boxes that were looked at and put back in the shipping boxes then stored . And why are silver proof quarters in OGP stored in the same box not affected better grade cardboard not from china?? Man I see this is going to be a major problem so please check what you can and let us know how it’s going?? Good Luck Dealing With It All :>:>:>:>:>:>:>:>:>:>

  30. VA Bob says

    I don’t worry what others pay, if they get a deal because of someone else’s stupidity or greed, good for them. What is important is what one gets when they sell the coin. If people are thinking about selling the JFK gold now, I have to wonder why they bother collecting in the first place.

    Cag- You might be right, the JFK might not sell many more. I hope you’re right. Then again the UHR didn’t have 3/4 sold by this time. Now the JFK isn’t the UHR, but it’s not a $5 commem or a fractional AGE that’s available every year either. It’s way too early to speculate

  31. Pittsburgh P says

    VaRich we must be psychic or something 😉

    VaBob I’m with ya for the most part but about speculations – it’s so much fun though! some people just don’t realize that it is only that.

  32. VA Bob says

    PP – Yeah, but I feel if one has the coin(s) and is not selling between now and Dec. 31, whatever happens is going to happen with Mint sales high or low. What really matters is what happens January 1, 2015 and beyond, after the Mint stops selling. I still see a lot of RP Buffs selling for crazy money on eBay, and those were minted to demand too. Sure speculation can be fun, as long as it’s taken with a grain of salt.

  33. GoldFishin says

    Pitt P. – I am not sure which I hate worse…the JFK gold coins or the FS series. Just saying! Don’t want to stir that pot again…that’s for sure. 🙂

    @VA Rich- I got my refund check for return shipping today also. If I remember hearing correctly from someone here on MNB, you can’t get a refund for changing your mind, just if something is wrong with the coin or damaged, etc. $1088 is the low for JFK, since then I have been trying to purchase one for a little less than that to no avail. I get 4x ebay bucks almost every Wed. and Thur. , which give me another $100. The JFK Ebay dumper is back again along with all his shill bidders. Ever noticed how fast his auctions reach a certain level in lightning speed, well I have, I have already caught one seller doing this and when I brought it to his attention he of course got mad and denied it, but the bidders that were doing it stopped and never bid again.

    @ Cagcrisp- just keep on keeping on…I really like your and Va Rich’s updates. I appreciate the time you put into it and keeping us updated on the latest numbers. Oh, I also Really appreciate you posting the updated JFK’s numbers and guestimates for purely selfish reasons. 😉

  34. cagcrisp says

    @Steve, The above link that you posted. I have been watching this Seller. This Seller has just been Hammering the Gold BHOF coins. This Seller has Sold 16 of the 27 Gold BHOF coins Sold since Labor Day…

    There is One other Seller that appears to just be Dumping Also. The Other Seller has Sold over 40 graded Gold Kennedy’s…

  35. Dave says

    @VA Bob says :September 8, 2014 at 7:44 pm

    I agree with that post.

    Hey, are we still talking about the Kennedy gold half? I can’t believe you guys, what do you think this? A blog or something?

    Anyway, when it is all said and done, I see the gold Kennedy later having after market and demand like the UHF gold, especially if it stays under 100 K. Then their will also be the rise in gold (PM)anyway. By the way I still have a UHF gold in OGP in PL condition and appears to grade a 70.

  36. Small time collector says

    seems to me buying a coin on ebay, especially from a repeat coin seller is a good way to end up with a sub par coin unless it’s graded. Looking at his listings, save for the one in a sealed mint box, are all mint products original pkg with just a few pcgs hi grade specimens. Strong indication coins are being sorted and either offed or submitted for grading.
    Some collectors want perfection, others may accept less than stellar coins and will thrill at bagging a coin at less than issue. He may be a good source for “a” coin.
    keep in mind that these ‘businesses’ keep books and are able to deal with losses (against profits) every quarter.

  37. Dave says

    Well $h_t! I just won a Kennedy gold half (PF70, First Release) for approximately $100 over mint OGP price — wasn’t really expecting too, since I already have what I need. Comes to less than that if I sell the OGP that comes with it.

    Hmmm, what to do now — LOL!

  38. Clark says

    Cag–Re: Your question about First Spouse boxes: They are roughly the same dimensions as the wood buff boxes, perhaps a bit larger, but close. Their quality is better than the JFK gold box and about the same as the various glazed blue ASE anniversary boxes from years past. I was disappointed with the poor quality and rough finish of the JFK gold box, which seemed like a departure from other Mint gold coin packaging. First Spouse gold proof boxes are slightly larger and have a nicer interior lining than First Spouse unc boxes. Also, for some reason, the colors of the First Spouse prf and unc boxes changed last year w/o explanation. I guess the vendor changed.

  39. GoldFishin says

    @Dave – Nice purchase!

    Dave says “Hmmm, what to do now — LOL!”

    I think maybe pay for it? 😉

  40. Dave says

    What other things can I use it for other maybe sell it? I am seriously open to suggestions. I will take a closer look at the Kennedy gold box now.

    Are we still talking about the Kennedy gold half? I bet the “Boz” poster is really annoyed now, eh, Cagcrisp?

  41. Clark says

    I’m curious if a group as astute as this has a clear understanding of the terms “spot” and “melt” in the context of precious metal coins. I did not. To help finance this year’s expensive line of gold Mint products, I recently sold a large batch of duplicate and junk gold and platinum coins to APMEX. When the purchasing agent used the terms interchangeably, I asked him to explain the difference, which he couldn’t.

    Long story short, a minor complication with my PO was escalated and to my great surprise APMEX CEO Michael Haynes himself called me to sort it out. He is one impressive guy. During the conversation, Mr. Haynes explained that the two terms are very different: “Spot” refers to a pure PM’s price at any given time in the commodities markets; and “Melt” refers to prices for coins that are alloys of PMs and non-precious metals, like copper, zinc, etc.

    Others here undoubtedly know this, but I didn’t and thought I’d pass what I learned along. I can’t think of a more credible source to have been schooled by.

  42. Dave says

    @GoldFishin says: September 8, 2014 at 10:31 PM

    Thanks — yeah, I did and scored like 3,000 PayPal points! There were like 40 bidders on this thing!!!

  43. cagcrisp says

    @Dave, There is just Not a Lot that can be discussed about the 2014 Annual Uncirculated Dollar Coin Set.

  44. GoldFishin says

    @Clark – one thing I knew for sure is getting paid by melt price is how you get screwed by dealers. LOL

  45. says

    Wow, some really good Ebay deals on the Kennedy gold’s. Anyone want to bet on on price decrease soon?
    And to stay on topic, I think the Mint likes these types of sets, they’re perfect for beginners.

  46. says

    cagcrisp, I don’t like the Kennedy box, looks a little cheap. The buffalo box is by far nicer, I don’t know about the ladies boxes, but I can use my imagination…

  47. VA Bob says

    You all know who is selling $1075 JFK gold on eBay? The same guy that sold BHOF gold (and others) for $500+ over cost, and figures the loss for the JFK’s as part of doing business. These aren’t the people that have only one coin to sell. They will gouge some future unsuspecting buyer and more than make it up.

  48. MN says

    @ VA Rich
    After receiving two BHoF return postage credit emails from the Mint, I received letters in the mail from them and the refund amounts I was promised changed to $00/Closed in my online Mint account BUT within a week the two separate return postage refund checks arrived! I think the Mint got mixed up on the returns and dates because of them sending out partial orders (late as we know) then replacement coins got returned again on the same order. The one letter said they reviewed and that it was not due to their neglect etc., the return was past 30 days etc. and the other letter stated they needed more information on the postage claim for a return (order number associated with it). I had enclosed the postage receipt information and return slip reasoning with the coins but gathered the information again and sent it to the Mint with a copy of the letters I received. The refund checks came before they got the requested information so they must have figured it out or saw they had promised the refunds already?!

    @ –
    One of the last B34 I received is perfect, which confirms some nice BHoF coins were being sent out in the end.

    I’m still waiting to see what my K15 is replaced with. First the scrape below Kennedy’s chin then the 1″ long white/gray squiggly polyester batting fiber “hair” inside the capsule. I think changes will be coming to the Mint’s return/refund policy but wish they had better quality control.

    MN (gal 🙂 )

  49. VA Bob says

    Clark – A big scam in the Middle East at the gold souks, is to sell some unsuspecting Westerner gold chains, rings, or pendants (no charge for workmanship, everything is weighed) is to use the “spot” price to make the sale. A savvy customer will know that it isn’t pure (18kt and 22kt are popular) and know the compositions before buying. The look on the shop keepers face when you know their scam is priceless. If anyone needs to know how much “pure” gold is in the various karats, it is as follows:

    kt ———% gold——–%other metals
    24kt gold -100.00%—- 0.000%
    22kt gold – 91.60%—– 0.084%
    18kt gold -75.00% ——0.125%
    14kt gold – 58.5%——- 41.500%
    10kt gold- 41.7%——–58.300%

    If anyone gets a chance to go to the UAE or Bahrain be sure to check it out. I used a Palm pilot with an app (early 2000’s) that would figure total gold weight by kt. for the items total weight using the days gold price my last time in Turkey. I’d just show the store keepers the price on the screen. They were very intimidated by the Palm, as there is a cultural taboo to be caught in a lie. Many even wanted to buy the Palm. Saved a Navy buddy a bunch on a nice heavy ring he was buying for himself.

  50. VA Bob says

    What I do for return for replacement, and I never had an issue (remember replacement and postage refund are two separate things).

    1. I fill out the reason for return for replacement on the original invoice.
    2. I make two copies of the original invoice.
    3. I box up the defective coin, with a copy of the invoice inside.
    4. I take it to the post office (Mint return mailing address is on the invoice), insure it, and send it signature required. I’m not bothered sending it priority as I try to get these out right away, and the postmark is on the receipt anyway. TIP. Make sure the receipts are legible and not faded or streaked in the wrong places before you leave the post office.
    5. I copy both the post office receipt and insurance paper (w/ postmark on it). I keep all originals.
    6. I type a business letter requesting the postage refund, including the original invoice # on the correspondence.
    7. I place the letter, a copy of the Mint invoice, a copy of the post office receipt, and copy of insurance receipt in a business envelope, and mail to the appropriate address (I have it around here somewhere).
    8. I mail it out 2 or 3 days after I sent the return (I want them to get that first, so I can receive proper credit.
    9. I monitor the Mint website tracking area, so I know went they get it, and when the replacement ships.
    10. I get a check from the Mint in about 2 to 3 weeks for the postage/insurance.

  51. Dave says

    @Small time collector: September 8, 2014 at 10:01 pm

    “. . . These business may keep books . . .” For their sake they better, since the IRS (due to legislation), now requires a Form 1099-K to be issued:

    either: (a) accepted payment cards for payments, or (b) received payments through a third party network that exceeded $20,000 in gross total reportable transactions and the aggregate number of those transactions exceeded 200 for the calendar year.

    If not they will be in a world of hurt once the IRS matches these payments. Keep in mind also those business’ cannot continue if they continue loses repeatedly. And finally if audited the continued selling t significant loss would be called into question.

    Note also, some entrepreneur web sites have stated that President Obama, repealed the 1099-K.

    NOT true.

  52. Dave says

    Sorry, I did not mean to give a dissertation on the matter — I just know how it works, in theory and the real world.

  53. Bob R says

    With all due respects I have always liked the annual uncirculated dollar set, after all it is just a “uncirculated dollar more” than the ASE stand alone coin. I do not buy the proof ASE as their mintage numbers are so high. Getting down to brass tact’s I always like the uncirculated version of modern coins, they look good to my blind eye, and the mintage is much lower. The public likes the shinny look, I do too, but on women, not on coins. I just put my order in for these XA6’s, just hope they will not be around until next July 4th.

    I am enjoying seeing some dealers are taking it on the gold HOF. Maybe they are not losing money but just getting rid of inventory. If they end up selling in the mid 500 range that is a gold mine for buyers.

    I will always trade 1 JFK gold for 3 HOF gold any day.

  54. Small time collector says

    @Dave – no problem, very familiar with reporting. I’m pretty sure they keep meticulous records, fuel to the p.o., business lunch, postage, ….
    If they take a hit on a handful of coins they will more than make up for it on the 70’s they get.
    My point was the inventory of ungraded coins being sold have already failed close inspection. My footnote was to call attention that these guys likely know every angle to make bank. Selling a few coins under their cost is not going to hurt them like small time sellers trying to hedge their keeper purchases.

  55. Clark says

    Goldfishin–Thanks. Nice calc!

    VaBob–Great story. Catching dishonest pm merchants here and abroad is always rewarding. I hate to say it, but more and more local coin dealers have replaced the hobby mindset with a hardcore unlicensed pawnbroker operating model that treats almost any coin that comes in as bullion and sell it as treasure.

    I know that in this economy pm exchange is where the bulk of their business is, but it’s sad to see former stewards of the hobby go rogue. Thankfully, e-commerce levels the playing field for most, but not for those poor desperate people who need money fast and will take whatever these local outfits will give them for their gold and silver.

  56. Bob R says

    Clark, my ex sold my coin collection back in the mid 90’s, full set of mercury dimes, nearly full set of walking halves, most in very best condition, 1 roll of half dimes,( yeah I know they didn’t come in roll back then, I just keep them in the plastic roll containers),, 20 rolls of Indian pennies, lot’s of CC Morgans, another 5 rolls of Mercury dimes and 10 rolls of walking halves…total price he paid her…around $750…I now own a 45 pistol.

  57. Off Topic & Speculating for Fun! says

    MN – glad you’re making the return reimbursement work for you! I can’t explain it, the coins had problems and that was clearly annotated on the return slip for replacement and on the request letter – oh well, I sense we’ll be in for a lot of changes to come with the new roll out next month.

    GF – Too funny on going for the new low, I’ve been watching as well and was hoping to snag one in the $1,060+ range. Interesting though that small time flipper’s listings start slow and shoot up at the very end and that one dealers, well his just are so much more better that they ‘pop’ on day one! I’m wondering how much more time we have left?
    While the cut off was only last week, there hasn’t been many coins purchased over the past four weeks….

    Pitt – how do you like the new handle? Say, “Can you hear me now?” 😉

  58. gary says

    The gold Kennedy coins are clear evidence that the U.S. Mint needs to really take a hard look at how they market their PM moderns. Certainly, all 1st day sales at major coin shows needs to be stopped. It only benefits the TPG companies who cater to the get rich quick crowd. Household limits must be set initially at one coin or set. Otherwise, these issues will continue to be colossally oversold on the 1st day of issue and final mintages will be based on speculative interest, not real collector interest.

  59. MN says

    Small time collector says

    September 8, 2014 at 11:38 pm

    @MN- are you saying you are one of the lady collectors that do not exist?

    I am female and I do have an interest in coins, which I am passing on to our 5 year old grandson and 2 year old granddaughter.

  60. gary says

    @Clark… saw your earlier post about APMEX and “spot” and “melt” prices. I have known the difference for quite some time but a lot of newbies certainly do not. Yes, spot pricing is a snapshot in time of the metal’s value and on major exchanges often relates to what they may also set as a standard bar delivery size. Melt value usually has a discount to include refining cost to put it in a standard marketable size and fineness. In general good silver bullion items such as ASE and ATBs are a very good value with just a few dollars above spot price which I believe is set for 1,000 oz. or 100 oz. bars. The term “melt” when applied to PM coins minted in 24K or .999 is often used as a disparaging term by dishonest bullion buyers to dupe sellers to sell for less than fair market value. Silver in the form of Silvertowne’s junk rounds are often resold at a discount because they are so easily counterfeited.

  61. stephen m says

    Keithster, If that packaging is made in China or a country other than the USA it does need to stop. If coins can be specified to be made with metal mined in the US then OGP made in the US can also be specified. The only remedy I see is the US Mint making their own packaging. As you know we don’t live in a perfect world.

  62. Small time collector says

    @MN – I think that is great! My comment related to a post a few days back that there were not many female collectors. fwiw, our youngest daughter collected foreign coins as a ttween. I still have them and keep adding more as I find them at yard sales and such. I also have been able to add a bunch of foreign paper money, mostly pre war and war year notes from all around the globe. Not worth a lot, yet she in particular will be interested in my collection and the 1/3 of her grandpa’s that I hold.

    Stephen M – and others, it may go long for US as collectors all contact the mint and demand that all treasury products be purchased in a means consistent with the USDOT “Buy America” req’s.
    I may even send a note to our local very engaged congressman.
    Our $ fund the manufacture and coinage and our $ are spent purchasing, providing compensation to outsourced (foreign) manufacturers.

  63. cagcrisp says

    @Off Topic & Speculating for Fun!, When someone says “OT” , how are you going to know if they are talking to You or Not?

  64. GoldFishin says

    OTASFF- aka Va Rich- It is starting to look like it may be impossible to pick up a JFK 69 for around $1050. The seller we always talk about has a couple of people that make a very early bid that take the price right up to $1000-$1050 and leaves the person that really wants to buy the coin having to bid a couple more time beyond that in order to secure the coin. Their are usually 2-3 bidders left by then that want the coin and have to bid against each other. You could say that the $1000 bidder just wants to buy any coin for that price. Well, it is curious that they only bid on this seller’s auctions and nobody elses, even listings that are the same coin, same label and ending near the same time. I see this all the time and is one reason some of these sellers are so brazen dumping coins auction style. Just my observations, but bottom line is makes it hard to really get a steal on a coin. I really can’t afford to buy another one, but if I could get one cheap enough I would.

  65. gary says

    @GoldFishin… A $100-$150 discount below current mint selling price isn’t a discount enough? Sheesh! All of the sharks are circling the bait and play with it until the close of auction. Ebay is indeed aptly called Fleabay. There are more bottom feeders out there than interested collectors I guess.

  66. GoldFishin says

    @gary – I already own one and bought mine very early on…to collect ….not to resale…to own forever. BUT, IF I could get one cheap enough I would buy another even if I can’t really afford it right now. Which usually means having to buy it with a CC. So, I have to take interest into account, and yes if the flippers couldn’t see this debacle coming, what should I do, bid high enough so they don’t take a bath. NOT my problem, but maybe my opportunity.

  67. gary says

    @GoldFishin… well I’d have to agree with you. It’s not your responsibility to bail out the flippers. I just can’t remember that there has ever been a U.S. Mint precious metal product offered in the aftermarket for a discount over the current Mint selling price.

  68. wacpac83 says

    Hey all, it’s time for my rare input here. You all handle this well so I stay out of the daily chat. However, I am a bit overwhelmed by learning of all this packaging that is produced in a China. Outrageous! How dare we, as a country, allow this to be? The hypocrisy is blatant and almost un-American. We all bitch and bitch about the global power that China has become….that we’ve allowed it to become. …that we’ve paid it to become. All on our watch. With our financial and political approval. And let’s not say it’s because of any current administration. This has been building up over decades. A short while back it was discovered that most of the souvenirs sold in the US Capital shop were made in China. What is wrong with us? I know international manufacturing is needed. Of course, we are a capitalistic country. But, there are certain items and certain products that should not go there. Why not let them make the coins also? What’s the difference? One complete package. Ship via DHL and avoid the US Post Office as well. Kill all possible American revenue. And then, put them on sale at the front registers in Wal-Marts who have also, just about single handedly, made China who it is today. I can’t be the only one who feels this way. We need to start a rant at the Mint to make some changes……….thought?

  69. ABC says

    I’ve read on this blog that the current packaging for the mint’s is coming from China. Was this information released by the mint or are people just speculating that the packaging is coming from another country?

  70. gary says

    @wacpac83… All of your points are quite spot-on. I’d rather the U.S. Mint offer coins in basic capsules only or else offer the coins in boxes made from native wood varieties and made by U.S. companies. It could be done if the Mint considered the presentation boxes as a value-added product. But seeing as how many of the U.S. Mint products are bought by speculators to ship to Third Party grading companies, even finely crafted U.S. product boxes will fill the landfills in and around the Third Party grading cities. As to WalMart, they originally touted made in U.S.A. product but then as it suited them and their stockholders, after squeezing U.S. producers to death, moved to China & elsewhere. Other retailers fast followed Walmart’s formula to where we are today. We no longer live in a market economy. It’s a market society. Everything is available for a price.

  71. GoldFishin says

    @Gary – I can’t remember a significant issue trading below Mint issue price. There are a lot of reasons that I may go into at a later time where this scenario was going to play out at some point. I don’t think it is anything but timing and not the JFK coin itself. I also see some major weakness in PM products selling on Ebay and other sites as well. I think disposable income has shrinked to the point where people are being very cautious about how much they spend on items that are not necessities. I have had an Ebay account for over 15 years and and it is a great place to buy and get bargains, but it is becoming very difficult for sellers to make money selling coins on there. I used to purchase some bullion products from Tulving and really liked doing business with Hannes Tulving, but when the silver and gold markets crashed it was very predictable that some of the bullion dealers were going to go down. I also see the same thing with US Mint products selling in the secondary market. Many folks are trying to make money on Ebay, more than ever, but believe me, they are losing money on almost every product with the notable exceptions of the HOF coins and the JFK clads. I know some of these sellers made a killing on the HOF coins, but they are giving a lot of it back now. I do know a couple of smart Ebay sellers that have not offered one single JFK coin on Ebay and obviously decided to stay out of this one, much to their credit. I am a little concerned at the lack of secondary market PM demand and think it may not bode well for PM prices going forward. I am not really bearish yet, but ignoring the signs I am seeing would not be wise. I think it best to only buy what you can afford to ride out the swings in prices that we may see in the not too distant future. Well, I still have more to cover but will later, sorry Mark for being over 3 sentences.

  72. VA Bob says

    Wacpac83 – You might not be far from the truth. If I recall correctly there was a Perth Mint video floating around a few years ago that showed US quarter plancets (for either the State Quarter or ATB’s) boxed up and headed for the US Mint.

  73. GoldFishin says

    @Gary – oh, by the way I am using the recent weakness for coin prices to go back and buy some of the classic US coins that I like to collect, one reason I am a little short on cash right now. I have picked up some near top pop authenticated coins for what I think are very good prices.

  74. cagcrisp says

    This Specific Seller is driving me Crazy selling Gold BHOF coins. Seller has Multiple auctions Ending at the same time of day. Seller Consistently has ‘Buy It Now’ Sales Higher than Auction prices. Gold BHOF proofs are selling Higher than Unc on Auctions and Yet his ‘Buy It Now’ are ALL for Unc and they are Selling Higher than Proofs on the Same day. Why just quit having Auctions and Sell them all with Buy It Nows?

    Proof/Unc …..Date Ending….. Time of Day….. Sales Price

    pr/unc 08/31/14 18:15 $1,180.55
    unc 08/31/14 18:15 $550.00
    proof 08/31/14 18:15 $599.78
    unc 08/31/14 BIN $660.00
    unc 09/02/14 18:17 $562.00
    proof 09/02/14 18:17 $632.00
    pr/unc 09/03/14 18:16 $1,140.00
    unc 09/03/14 18:18 $550.00
    proof 09/03/14 18:18 $560.00
    unc 09/03/14 BIN $625.00
    unc 09/04/14 18:00 $560.00
    proof 09/04/14 18:00 $611.00
    unc 09/05/14 17:37 $575.00
    proof 09/05/14 17:37 $587.88
    unc 09/06/14 18:01 $591.78
    proof 09/06/14 18:01 $598.00
    unc 09/06/14 BIN $595.00
    unc 09/06/14 BIN $625.00
    pr/unc 09/07/14 18:20 $1,151.78
    unc 09/07/14 18:20 $560.00
    proof 09/07/14 18:20 $598.00
    unc 09/07/14 BIN $600.00
    unc 09/09/14 BIN $625.00

  75. VA Rich says

    cag – I was thinking ‘Off’ might just may be more appropriate, I’m a coin collector afterall!

    GF – a bunch of low auctions coming avail, one an ANA at 2 – Flippers Nightmare!

  76. JagFan says

    Goodness Gracious looks like the winner this go around in the character coins is definately Superman! Looks like he flew off the shelves everywhere whereas the Disney set of 6 looks like it might be awhile before they sale out…

    Oh Well – I figured I would give everyone a break on the detailed conversations you have been having.

    Have a great day!

  77. SoapyJD says

    This is a way off topic question. Why do the BBHOF coins NOT say “baseball hall of fame” on the actual coin? As it is minted, it’s looks like a tribute to the game, not the place.

  78. gary says

    @SoapyJD… off topic but so what. Good question! The reason the BBHOF coins have no mention on the coins themselves is because of the original Congressional legislation which authorized their minting. The coin’s design of a baseball on one side was required by law and the 2013 contest to select the winning design specifically required to reference in name or pictorially to the Baseball Hall of Fame or any player or team, past or present. This requirement was probably PC motivated as many commemorative coin bills have been.

  79. Pittsburgh P says

    Gary I am not understanding your response to the BHoF question. You said the committee was ” to select the winning design specifically required to reference in name or pictorially to the Baseball Hall of Fame or any player or team, past or present.”
    The design by Cassie McFarland of a glove had none of those requirements.

    I thought they just decided to go with a simplistic design and didn’t want to make it look “too busy” with all the wording 😉
    IDK but I like the desisgns they ran with.

  80. Ikaika says

    @ VA Rich

    Although I paid $1240 for my JFK from the US Mint, $10 over spot is realistic. It seems like many are dumping their coins now. $2,000 for an NGC ANA 70 might be still expensive.

  81. Ikaika says

    Very interesting to see that the JFKs are selling below the US Mint price. This is the fallout of how they sold the coins. They just created a whole bunch of competitors. They need to pull the plug or lower prices soon, otherwise sales might be similar to the FS.

  82. Pittsburgh P says

    Ikaika I really cant see bein able to pick these up for under 950$ unless gold keeps dropping… Jmho

  83. Ikaika says

    @ PP

    Michael just posted the recent numbers for the JFK gold coin. -378. Demand for the coin is all but gone, plus the secondary market is flooded. Big dealers, little dealers and others are selling below mint price. I have a feeling some are predicting that gold prices will drop soon, so sell now before its too late. Lower gold prices + high supply + no demand = $10 over spot. I am not saying it is going to happen, but it could.

    I just want to get the silver coins to complete my 2014 JFK set and move on. Enough already 🙂

    Where is Louis these days?

  84. VA Rich says

    Ikaika – $2,000 for an NGC ANA 70 while the lowest to-date, IS STILL expensive since the Label worth ZERO (0), zip, nada, nothing! The following article needs an update to tell an important lesson to those that spend $4,000-$4,500 on a show label….

    http://www.coinworld.com/insights/coin-world-editorial-opinion-gold-kennedy-half-dollar-release-us-mint-numismatics-coin-collecting-hobby.html

    …., and that lesson is, ONLY 34 days from the start of the ANA Label festivities…, I could have bought your coin for $2,000 TODAY! But that won’t happen, I’m more interested in snagging a 69 as it may actually go up in value, than a silly ANA label.., tricks are for kids!

  85. cagcrisp says

    @Ikaika, “Big dealers, little dealers and others are selling below mint price. I have a feeling some are predicting that gold prices will drop soon, so sell now before its too late. Lower gold prices + high supply + no demand = $10 over spot.”

    Simple Search of the bay “2014 Gold Kennedy” above $1,000 and you get 818 “Sold Listings” of the 818 Sales, 1-68, 47-69’s and 5 OGP that Sold for Less than $1,244.95. That’s a total of 53 out of 818 or 6.48%.

    It has been a Flippers Nightmare, but the Sky is Not Falling…

  86. silverhawk357 says

    Now I get to tell you “I told you so” about waiting for a lower price on the JFK gold. I thought I would have to wait a year to find my price point. MAYBE I should lower my price point and keep waiting.
    I dislike buying at the introduction frenzy price.

  87. jeff says

    Anyone have a hundred thousand dollar $$$$$$$ Kennedy they like to sell lol I knew this was going to happen. Even if the mint stop tomorrow there will be no up side . By the BHOF GOLD 5$ that’s innovation at its best. It’s probable the Kennedy silvers set will quadruple the sells of the golds that’s funny to me. And I will go out on a limb as say you will see 850 kennedy they need to recoup anything they can get I say within the next month.

  88. cagcrisp says

    @jeff, $850 “within the next month”. Wow. You can’t be serious. $116.67/oz Under Current Spot…Wow…

    I wish I could take the Other Side of that Bet…

  89. Jerry Diekmann says

    Looks like there is little numismatic in the JFK gold half dollar. It will be priced as a bullion coin in the future, maybe with a little premium because of the design and the person it represents.

Leave a Reply

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