Today, September 16, 2014 at 12:00 Noon ET, the United States Mint started accepting orders for the 2014 Presidential $1 Four Coin Sets. There are separate four coin sets available from both the Philadelphia and Denver Mints facilities.
Each set contains circulating quality examples of the 2014-dated Presidential Dollars featuring Warren G. Harding, Calvin Coolidge, Herbert Hoover, and Franklin D. Roosevelt. The coins feature a portrait of the President on the obverse along with inscriptions indicating the order of Presidency and dates served. The common reverse design features a rendition of the Statue of Liberty.
The coins included in the sets are “circulating quality” which means that they should be similar in quality to the coins found in the bags, rolls, and boxes that have been offered for each respective release. Other products such as the 2014 Uncirculated Coin Set, 2014 Presidential $1 Coin Uncirculated Set, and 2014 Annual Uncirculated Dollar Coin Set contain “uncirculated quality” coins, which are typically of higher quality.
The Presidential $1 Four-Coin Set was introduced in 2012, when the series ceased distribution of new issues to the channels of circulation. The four coin sets seem to be positioned as low price point to acquire one example of each coin of the series issued for the year.
Each set is priced at $12.95. There is a product limit of 15,000 units each for the Philadelphia and Denver Sets.
The 2013-dated sets have reached sales of 15,557 for the Philadelphia set and 11,753 for the Denver set.
Possible Price Decrease for Gold Numismatic Products
Based on the available data, there is a possibility that the prices for the United States Mint’s numismatic gold products may be reduced tomorrow. As most readers will know, the US Mint uses a flexible pricing system which allows numismatic gold and platinum products to be updated based on the average weekly price of the metals.
The pricing system utilizes the average weekly price of the metal based on the London Fix prices from the prior Thursday AM to the current Wednesday AM. If the average moves into a higher or lower tier established at $50 intervals, then a price change may potentially take place. A secondary criteria requires that the Wednesday PM Fix price must agree directionally with any potential change.
The average gold price for the current period will likely fall into the $1,200 to $1,249.99 range. This is one tier lower than the range used to establish current prices. As long as the Wednesday PM fix price is below $1,250 to fulfill the secondary criteria, then the price decrease would take place.
The price of the 2014 50th Anniversary Kennedy Half Dollar Gold Proof Coin would be reduced from $1,240 to $1,202.50. This would represent the lowest US Mint pricing for the product since it was released on August 5.
Other products impacted by a price change would include the proof and uncirculated American Gold Eagles, Proof American Gold Buffalo, and First Spouse Gold Coins. Each product would see its price decreased proportionally by $50 for each ounce of gold content.