2016 Ronald Reagan One Dollar Coin Cover

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The U.S. Mint is now taking orders for the 2016 Ronald Reagan One Dollar Coin Cover, which contains two Reagan Presidential dollars respectively manufactured on the first day of the coins’ production at the Philadelphia and Denver Mint facilities. The item is available for $19.95.

The coins are contained in a display card that showcases their obverses and reverses. The outer cover bears a portrait of President Reagan, the dates of the coins’ production, the issue date of the coin cover, and a Red, White, and Blue (Forever) stamp.

This item has a product limit of 25,000 units — 5,000 more than were given to the 2016 Nixon and Ford issues, and 10,000 more than were applied to last year’s releases featuring Harry S. Truman, Dwight D. Eisenhower, and Lyndon B. Johnson (Kennedy was set at 35,000). As of this writing, sales of 2016’s previous two Presidential Coin Covers have reached 12,893 for the Nixon issue and 11,090 for the Ford release.

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The obverse of the Reagan dollar was designed by Richard Masters and sculpted by Joseph Menna. It features a forward-facing portrait of Reagan, with the inscriptions RONALD REAGAN, IN GOD WE TRUST, 40th PRESIDENT, and his years in office, 1981-1989.

The reverse bears a design common to all Presidential $1 coins; it was designed and engraved by Don Everhart and includes a depiction of the Statue of Liberty beside the coin’s $1 denomination, with UNITED STATES OF AMERICA curving along the rim.

The Reagan coin cover is the 39th release in this product series, which launched in 2007. As living ex-presidents are not honored as part of this series, the Reagan $1 coin marks the conclusion of the U.S. Mint’s Presidential dollar program.

For more information on the 2016 Ronald Reagan Presidential One Dollar Coin Cover, please visit the U.S. Mint’s Web site.

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Comments

  1. Teach says

    Why do they show Reagan’s teeth in this portrait? I don’t recall, but are there other coins showing teeth or smile like that? Just doesn’t look right. As far as the product goes…..pass on this one.

  2. The Real "Cool" Brad says

    Yeah, this coin and the JFK coin baffled me. Were the designs chosen for some kind of ironic/moronic humor?

  3. cagcrisp says

    I have a Question for ALL concerning the Gold SLQ. ALL I am concerned about is the PRICE of the Gold SLQ. Assuming a SLQ price of $485.00, how many people bought the Winged Head Liberty dime (or WOULD HAVE) for $205.00 that will be UNABLE to buy the $485.00 Gold SLQ?

    In other words I would like to know how much Pricing affects your purchasing habits for a GOLD coin…

  4. joe#2 says

    CC… If i have money ( or enough money ), In my personal coin account and i love the piece, I will buy it…. Pricing does not affect me as long as i have it at the time. If i don’t have the $$$ at the time, No biggie..

  5. MT says

    @cagcrisp — Price matters. For me, it depends on many factors, with the Mint’s price being just one of them. My purchasing habits are also influenced by how much I like the item, the mintage limit/HHL, and my expectations on the timing and direction of secondary market prices. I am a collector more than a flipper, but I will rarely flip an item sometimes only to repurchase it on the secondary market. This makes the hobby more affordable to me. I can be patient, so if I feel the price will be better if I wait things out, I have no problem doing so.

    For example, I purchased five Truman and two Eisenhower C&C Sets for $58 on release day. (With the unique finish offered at no premium relative to the stardard-finish FDR set, and with the low mintage limit, it was a low-risk decision.) At this time last year, I sold one of each set for $230-240 apiece. I plan to keep two of each to hold and later pass on to my sons. More recently, I purchased two of the gold dimes, initially with the plan to just hold onto them. But then opportunity came knocking again, so I sold both (unopened) for about $325 each and then just recently repurchased one graded 70/first strike with OGP for $232. My next cost after fees, shipping, etc was about $92 for the single PCGS 70 FS dime that I will hold. These are the good examples…I like to forget the less favorable ones.

    Now with the SLQ, a design that I like very much (although not happy about the significantly reduced diameter with this gold offering), I plan to buy just one to hold. Presently, I am inclined to sit it out on launch day, monitor sales, and buy later on the secondary market, mostly because of the crazy 100,000/1 limits and not so much because of the higher price relative to the dime.

  6. earthling says

    Someone without any numismatic instinct seems to be making decisions at the US Mint. I’m assuming it’s a really great Beancounter. Great business type decisions but a bit lacking in other aspects. Would do very well in a major Drug Operation, for sure.

    Next Coin for me will be a couple Silver Eagles, both Proof and BU.

  7. Zephin says

    CC—-Same here as Joe#2— If I like the coin and have the $$$ I’m all for it. Hope to get one.(SQL)

  8. cagcrisp says

    @data dave , From previous Thread.

    The only commemorative Golds that I have are the BHOF and Marshal. I bought the Gold BHOF coins because I coached softball for several years and I have grandchildren that play baseball/softball and I will give the BHOF to them at an appropriate time. I only bought the Marshal because the Marshal museum is being built in Arkansas and I have a son in law that is a Arkansas State Police.

    I don’t see ANY Gold commemorative in the suggestion stage that I would purchase.

    As for your question “Can someone suggest another gold series that might do better?”

    I’m not a low mintage chasers. There could always be another lower mintage to chase. I buy pre-1933 Gold in as High a Grade that you can afford. Demand will always be there for Liberty, Indian or Saint Gauden’s Gold.

    If you cant afford Old Gold I Love Graded Morgan Carson City…

  9. says

    The Mint has updated the ATB bullion sales today (8/18) for the first time in about 2 month…and nothing has changed….Shawnee 105,000….Cumberland Gap 75,000….Harper’s Ferry 34,600

    Any guesses on the Roosevelt latter this month? I’ll guess 50,000 first day…and then who knows…anyone think they will eventually sell out both versions? 120,000 bullion…30,000 “P” The “P” version doesn’t go on sell until October…no firm date yet.

    JM bullion still seems to about the best pre-sale bullion price ($114/check…$118.75/cc. And while originally they indicated individual coins would come in a flip, now it says they will come in a capsule.

  10. gary says

    Unless Gold bullion should happen to get just under $1,300 an ounce I will pass on getting my single SLQ on opening day. The coin is a real beauty but 100,000 mintage is a LOT of ’em!

  11. gary says

    @data dave… you might want to try collecting the $2.50 gold Indians 1908 to 1929. I put together a complete set many years ago & still enjoy the set. (they are all PCGS MS60 to MS63).

  12. Hawkster says

    Cag,
    Although I am able to afford the purchase price of the gold SLQ, it is difficult for me to justify spending the sum for an object that will spend the vast majority of its existence stashed away in a hiding place.
    I am happy with my BU example of a 1930 SLQ that is housed in a six coin Whitman holder, along with other BU examples of late 19th century and early 20th century coin denominations from cent to silver dollar.

  13. Larry says

    When I first learned the mint was going to do a 2016 SLQ commemorative quarter, I knew I had to have one. I was not happy when I learned it would not be silver, or better yet proof, but I still want one. This will always be the only gold SLQ. This coin is so popular I highly doubt you will ever be able to get it below the mint’s price.

  14. Jeff says

    So there’s 5 of you that are all in. Whoa not an overwhelming response to this SLQ. If you think those that bought the knockoff dime has to have this knockoff you are wrong. Now as stated a few entry’s back this person bought a knockoff dime for $232 graded MS70. Someone lost there azz , that’s exactly what will happen here. Wait it out for a better price point . Flippers will be underwater.

  15. Yes, But...You Can't Take It With You says

    Cag: Well Jeff is out so I’m in. I didn’t get the dime but I may get multiples of the SLQ but only to flip – I am one of those who is just not thrilled that these classics are being done in gold. I am of the opinion (contrary to most, I think) that over time this coin will have staying power and many will come to the trough later to get the drink that they missed out on. I also predict a fast sellout. As far as the price point goes: yes, it is more than I have to spend and I rarely buy gold. But some creative financing + eventual flips can make it happen. Maybe… I still have my ear to the ground (MNB).

  16. cagcrisp says

    @Yes, But…You Can’t Take It With You , Curious. You’re going to buy multiples to flip. What is Plan B IF you are wrong and no fast sell out that enables a successful flip?..

  17. Yes, But...You Can't Take It With You says

    Cag: I never buy to flip unless I am able to sit on the sidelines for a while. Years, if necessary. I don’t mind doing this too much because there is always the PM value, if all else fails. Would NOT do that for a product with no PM value! I suppose if worse comes to worst, I can cancel or send back to Mint, although I have never done that (yet) with product that I bought to flip.

  18. Jerry Diekmann says

    cagcrisp – I will buy the one SLQ so that I can have a set of the centennial coins. But I wish they would have been made in silver. That’s the metal they were struck in originally, and it’s much less expensive, and frankly, in my estimation, it looks better than the gold. Another mistake by the Mint. I can’t believe that no one high up in the numismatic community didn’t have the foresight, resolve, or connections with someone among the 535 members of Congress to push for a true commemorative series of silver coins for 2016. I am very disappointed in the total lack of leadership shown by the leading numismatists and the writers in the Coinage and Coin World publications.in letting this opportunity slip away. A real failure, as I think Congress would have voted for such a law if the numismatist leaders had shown some desire in having such a worthwhile series minted, and I don’t mean gold replicas in smaller sizes, which is what we are getting, and at exorbitant prices. The Mint seems to me to be a totally dysfunctional organization that chooses to snatch defeat out of the jaws of victory at every opportunity. I thought that was the purview of the Democratic party, but the Mint seems to have adopted the same course of action, with such poor designs as the Boy Scouts, Girl Scouts, Civil Rights, and the National Park Service coins.

  19. Give Me Da Money Plz says

    @ Louis

    Thanks for sharing the video. It was really interesting.

    @ cagcrisp

    Money is not an issue for me. I had the past four months to save for its release. But when it comes to demand, there is a major difference between 125,000/10 and 100,000/1.

  20. Goat says

    data dave says
    AUGUST 18, 2016 AT 9:10 Am

    Can someone suggest another gold series that might do better? I know that my 1921 Walking Halves seem to have held their value, so there must still be some collectors out there.

    That’s a good question;
    I think once the baby boomers are gone pre 33 gold will come to a slow but for now it is safety. Pre 33 means much to us because it’s a tie in with our parents/grandparents plus it was circulated for money. With the huge gap of gold not being coined from 33 to 80’s and due to boomers being gone, this may slow collecting coins for awhile ? Someday it may pick back up because of our children/grand/great children. With U.S. mint minting a great quantity of many different types of coins and ending up with low mintage’s, I call that Jack of all trades and master of none .
    My answer to your question is to find a country that uses the KISS method (not minting a huge variety) and has a depressed economy. Maybe one day economy/population will turn for the better, such as U.S has done since early 1900’s. U.S. will always be a good place because of the money/population. People are down on modern comm’s (I’m not) but” time” will have to be a factor before big money is made. “TIME” is much more than most understand.

    Thank about it if it was easy everybody would be doing it. LOL

  21. DBR says

    @cagcrisp re the SLQ and price effect:

    I’m all in for the SLQ and I’m not deterred by pricing too much. I know the melt value is automatically built into the price for Au and Ag so I look at mint premiums about that. I’m fair, I allow the mint to recoup costs too and be a “for profit” a little bit if need be.

    I’m a collector only, so I love this coin design. It is my favorite U.S. design of all mass-produced coinage for circulation. I don’t care what it’s made out of, I’m smitten by the design. I’m an emotional compulsive buyer so sellers, vendors and dealers love me. They see me coming a mile away.

    My budget isn’t limitless, however, and only coins worth $3,000+ make me really pause and analyze the potential buy. Under that limit, my risk tolerance is high and I roll the dice. So I’m in.

  22. Dave SW FL says

    Bought the Platinum proof this year regardless of premium because I loved the coin.
    Will buy the SLQ for the same reason.

    Buy what you like and like what you buy😉

  23. data dave says

    Thanks everyone for the responses related to collecting gold coins. A lot of good information!

  24. Goat says

    cagcrisp;
    I’m in for one. I think the mint did me justice or I would of ended up with ten of these ? It might take a lot of time to see premium value, when everyone who wanted one will have one. As posted earlier who will you sell too? For the collection I will have to have one, shame my kids will not be involved, but will have one for viewing. Will not buy on secondary market for a least a year.

  25. cagcrisp says

    @ Goat, “I think the mint did me justice or I would of ended up with ten of these ?”

    I hear you…

  26. cagcrisp says

    So far I haven’t seen anyone post that bought a Winged Head Liberty that will NOT purchase the SLQ. I think Jerry Diekmann and I once posted that there are probably 40:1 Silver to Gold purchasers. SO…

    …It Appears that IF you are a Gold buyer at least for the Premium jump from $205.00 to $485.00 is not a major deterrent.

    I will ask the Same question again in December when the $915.00 Gold Walking Liberty half is Launched…

  27. Jeff says

    50 collectors 99,950 Flippers old proverb “some day they’ll be worth there weight in gold” if you have 80 years. But who’s in a hurry just sayin..

  28. Jeff says

    So I understand an original SLQ can be had for far less then a knockoff gold. So what’s in it smaller diameter, less weight, incorrect scale and depiction on both sides, oh it’s the blue velvet china made coffin it comes in, that will be hidden in your humidity controlled cigar box only to make cameo appearance couple times a year. “some day it will be worth its weight in gold.”

  29. Zaz says

    For me, gold SLQ is affordable buy, but is it a wise use of money? For a week now I’ve been flip flopping between yes and wait. The excessive premium sticks out like a sore thumb and for once as reluctantly as I’d like to admit, Jeff has his point. Con #5 and #6 really sticks in my craw and I feel the US Mint is personally sticking it to me. This coin should cost at most $425 or $435 at the $1,300-$1,350 pricing tier, IMO.

    Pros:
    1. Classic design
    2. Gold

    Cons:
    1. Gold instead of the original .900.
    2. Smaller than the original.
    3. 100,000 is essentially an expensive bullion coin.
    4. HHL of 1 will ensure release will not sellout with the first hour.
    5. $485 for $336 melt value is $151 premium or 45% above base metal price.
    6. 1/4 oz proof AGE is $435 at same pricing tier.
    7. Pricing on 1/10oz Mercury have fallen after 4 months after release, graded or raw.
    8. Higher price point, fewer will buy than the 1/10oz.
    9. A good buy for the price would be 50,000/HHL = 2.

  30. JARHEADnFLORIDA says

    cagcrisp, I purchased the gold mercury on the secondary market. This was only because of my gold proof, and uncirculated buffalos of the same 1/10 ounce size. Will not purchase the SLQ.

  31. cagcrisp says

    @Jeff, “So I understand an original SLQ can be had for far less then a knockoff gold.”

    You better do a Little research about a 1916 SLQ or at least know Something about what you are posting.

    I’m not asking for a lot, just a Little research about a 1916 SLQ…

  32. earthling says

    Bullion buyers at the beginning of the year were out of control. When the WHL Dime was released several months ago, it sold out like so much bullion. Ditto the Proof Platinum Eagle , a 10K mintage gone in an hour.

    Lately the bullion crowd has rushed back to Wall Street leaving bullion to weaken a bit. So will a 100K , HHL of 1 , POG ( Piece Of Gold) sell out in anything resembling a record?

    I strongly doubt it. The bullion crowd is otherwise occupied. Given a miracle, there could be a sellout in 8 hours but more likely this thing will carry into 2017. No sellout – ever.

  33. earthling says

    Of course if all ordering limits are lifted………..

    And Gold suddenly heads for the moon……..

  34. Hawkster says

    Cag,
    Of course you’re correct in your response to Jeff in regard to the high cost of an original 1916 SLQ. But, if one just desires a nice example of an original SLQ, regardless of the date, nice BU examples are well within the cost reach of most collectors.
    Our man, Jeff, did make a justifiable point: For a gold repro coin that will initially be oogled by its recipient because of how “pretty” it looks, the ultimate destination for said coin will, more than likely, be a sock drawer or other such out-of-the-way place–only to be occasionally looked at.

  35. Yes, But...You Can't Take It With You says

    Ok, but seriously: How many of you look at ALL of your coins OFTEN? Don’t most of them end up in “…a sock drawer or other such out-of-the-way place–only to be occasionally looked at”?

  36. Zaz says

    @Yes, but…
    I do. My 6-coin Preamble Platinum 1oz set is in a custom Capital Holder with the entire preamble spelled out. I use it as a pretty paperweight for my desk. I’ve used rolls of ASEs to the same effect but they were far heavier. Everything else is in albums that is looked at often for pleasure and enjoyment, but the Capital and the vastly superior but rare Kingswood plastic coin holders are the ultimate display piece.

  37. Yes, But...You Can't Take It With You says

    Zaz:

    That’s cool!! It really is. Though I think for many, security is an issue. I’ve read here about safety deposit boxes and the like. On the other hand, someone has written about using the 5oz ATB’s as coasters which is also great. If security weren’t such an issue I’ll bet a lot more would have their coins on display in various ways for all to enjoy.

  38. Hawkster says

    Someone suggested using the 5 oz ATB’s as coasters? For what? Shot glasses?

    The 5 ounce ATB’s do display nicely on small plastic easels, readily available at such places as Michael’s.

  39. Jerry Diekmann says

    Cagcrisp and Hawkster – you’re right. the 1916 SLQ is rare and super-expensive, but the 1917 Type 1 looks just like it except for the date and a nice uncirculated one can be purchased for less than the price of the gold knockoff. The SLQ saw a different but also beautiful variety come out later and it lasted through 1930 (none were struck in 1922 or 1931). The cost of this variety, and especially the ones minted from 1925 to 1930, are often less expensive than the first variety. But not very many SLQs were ever made, and none of them are cheap in higher grades. They are beautiful coins, though, but proved impractical for striking; they suffered from just too much artistry. No proofs were ever issued, and they would have been really beautiful. I had hoped that the Mint would strike the centennial SLQ in silver, and in uncirculated and proof conditions, but it was not to be. Maybe in another year …

  40. DBR says

    I’m not going to sit here and psychoanalyze the motivations of why someone desires to purchase a coin or bullion or not. I think Cagcrisp had a legitimate query of this blog’s readers.

    I will state for the record that human nature being what it is, some people’s only joy from collecting or owning something rests solely on its exclusivity and rarity. In other words, some people only gain pleasure from their acquisitions when they know no one else owns it, and there’s no way to further acquire it.

    It’s one thing to own a rare and precious object for the sheer enjoyment of beholding it and have pride of ownership, but quite another to always be looking for low supply and high demand to drive the value of some thing up. And one’s satisfaction is always tied to the joy that others can’t obtain what one may already own.

    As far as motivations to purchase and own something or collect a collectible, readers here seem to be like apples and oranges. And that’s okay!

    Is this a hobby for you? = apples
    Is this a commodity to you? = oranges

    That being said, I sense the United States Mint caters mostly to genuine citizen collectors and major numismatic firms (affectionately referred to here as the Big Boys). A recent survey from the mint, however, did make notice of other marketplace options such as eBay, etc. With the questions asked in the survey, it seemed the mint was aware that people shop other venues and that the mint didn’t want to be perceived as an insensitive monopoly.

    But the U.S. Mint can’t control what motivates a person to collect and wherein that person finds their joy and satisfaction or lack thereof in this enterprise of coinage.

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