American Veterans Disabled for Life Silver Dollar Sales Ending December 13

Sales of the American Veterans Disabled for Life Silver Dollars will conclude at the US Mint on December 13, 2010 at 5:00 PM ET. This is one of two commemorative coin programs that were authorized for this year.

The silver dollars issued under the other program celebrating the centennial of the Boy Scouts of America previously sold out of the maximum mintage in August.


The Disabled Veterans Silver Dollars originally went on sale February 25, 2010. Initial pricing was $33.95 for the uncirculated version and $35.95 for the proof version. The maximum authorized mintage was set at 350,000, with an ordering limit of 100 coins per household in place for the start of sales.

In the first three days of availability, the US Mint recorded sales of nearly 100,000 of the commemorative coins, representing 28% of the maximum mintage.

After an introductory period, pricing was adjusted to $35.95 for uncirculated coins and $43.95 for proof coins.

According to the most recent sales figures, the US Mint has sold 262,778 coins. This is made up of 186,941 proofs and 75,837 uncirculated coins. The pace of sales has picked up in the final days of availability, with more than 7,000 coins sold in the past two weeks.

By law, the US Mint is mint and issue the commemorative coins for the entire calendar year. However, as in the past, sales will conclude earlier to allow time for order fulfillment and shipping.

Other Mint News

The Abraham Lincoln Presidential $1 Coin Cover, which will be released on December 30, 2010 will have a maximum production of 37,000 units. This compares to a production limit of 32,000 units for each of the other 2010 American Presidency $1 Coin Covers.

Similar to the situation for the Mary Todd Lincoln First Spouse Gold Coin, the US Mint must be expecting higher demand for the Lincoln product compared to other Presidents.


Separately, the US Mint dispatched a brief blurb yesterday through one of their RSS feeds indicating that next week the US Mint’s website will get a “fresh, new look.” This might be further extension of their recently adopted new brand promise and identity.

New Coin Grader Capsule: Coin Grading Disagreements

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Comments

  1. Anonymous says

    Buy a few "Vet" coins for the good of the vets, but keep up the ATB discussion:

    "Guys if you have the time please contact The Mint Office of Legal Council @ 202-354-7280 concerning specific dealers such as APMEX charging exhorbitant prices on these coins."

    Ask talk to the "bullion department" and if busy they WILL call you back.

    You may want to mention that
    1-Today is the Mint stated day Dec 6 for availability and they are NOT available.

    2-Mark up to $56/oz for bullion not reasonable

    3-"Low" mintages should always be sold directly from the mint.

  2. Anonymous says

    And remind them that under current law they are legally required to distribute bullion through the authorized purchaser program (unless the NPS is going to distribute these by year end).

  3. Anonymous says

    Regarding the high price complaints…. Apmex could have sold ALL their product allocation to secondary market and prices would be even higher than $1395. Even if numismatic is offered for less that is an illusion because as soon as they sell out in a half day the eBay market will be double ir triple offered price.

    Sounds like sour grapes by those who did not order early and missed out. Obviously the market can handle a high price point due to low supply and high demand.

  4. Anonymous says

    I like that idea about increasing the premium that the AP's pay. The Mint could always lower it for them next year, but for this year the premium should be raised to leave the AP's their normal markup amount when selling them for the high prices. That way at least most of the initial markup goes back to the taxpayers through the Mint.

  5. Anonymous says

    This is offtopic a little bit, but who elese received a big tub of popcorn from APMEX recently?

  6. Anonymous says

    "Regarding the high price complaints…. Apmex could have sold ALL their product allocation to secondary market and prices would be even higher than $1395. Even if numismatic is offered for less that is an illusion because as soon as they sell out in a half day the eBay market will be double ir triple offered price.

    Sounds like sour grapes by those who did not order early and missed out. Obviously the market can handle a high price point due to low supply and high demand."

    You are missing the entire point: APMEX is not allowed to charge such high premiums (100%) on the bullion that they are allowed to have a monopoly on the distribution of from the Mint. It's that simple.

    Imagine if they are allowed to get away with this, in a few weeks they could charge $60 for 2011 Silver Eagles and $2800 for 2011 Gold Eagles!

    It doesn't matter what the secondary market does with the coin prices – APMEX is the first market, and not allowed to price gouge. Making them follow their agreement with the mint will help plenty of people get the coins at a fair price. That is much better than making everyone pay 100%++ premiums out of the gate, which is what they tried to pull!

  7. Anonymous says

    I ordered a set and I still complained to the mint about the price gouging.

    I wouldn't be surprised if there are anonymous shill posts from the dealers here trying to sway opinion their way.

  8. Anonymous says

    Apmex does this every year.

    And I agree with poster about increasing the premium APs have to pay as the solution. There is no way the Mint can control the price for the entire supply chain. There is going to be a massive premium on these coins by the time they get to end consumers. It is only fair that the Mint gets this premium and not the APs.

  9. Anonymous says

    I believe the price APMEX has charged is fair, it's the market. Actually, the market is even higher and APMEX priced them artificially low.. I also believe it's the Mint that should get the premium though, and not APMEX. APMEX should get a "reasonable" margin.

  10. Anonymous says

    "I believe the price APMEX has charged is fair, it's the market. Actually, the market is even higher and APMEX priced them artificially low.. I also believe it's the Mint that should get the premium though, and not APMEX. APMEX should get a "reasonable" margin."

    … what part of APMEX signed a legally binding agreement that they cannot charge excessive premiums inorder to obtain their share of the bullion distribution makret do you not understand?

    Why do so many people mistake APMEX and the Authorized Purchasers for/compare their prices on new coin releases to "the secondary market" … AUTHORIZED PURCHARERS ARE NOT THE SECONDARY MARKET ON NEW BULLION RELEASES, PEOPLE! THEY ARE THE FIRST MARKET AND CANNOT PRICE GOUGE ON NEW RELEASES! IT'S A FACT, AND THE MINT PROVED IT.

  11. vaughnster says

    What great news!! The Mint has given us an early Christmas gift. Now where can we find them for $850 a set??

  12. Anonymous says

    Michael–It sounds like the APs who agree to abide by the Mint's new rules for ATB bullion distribution are yet to be identified. Would you and other readers please post the authorized APs' names as they become available?

    I agree that this is the most equitable way to prevent hoarding and allows most of us to have a shot at one set. Congrats Mint…a little late but not too late!

  13. Anonymous says

    Price controls have never worked. We learned that in the 70s. The price to the end customer will be $2000 per set minimum in a day.

  14. Anonymous says

    Apmex may in fact be the only one. So instead of a $579 markup on a 3000 sets, they'll get a $75 markup on 33,000 sets. So they make over $700,000 more than they would have. Well done US MINT! That'll show them.

  15. Anonymous says

    Unfortunately the Disabled Vet coin is another poor design on a more deserving commemorative. Therefore not much to comment about it. You buy it out of patriotism, to honor the disabled vets, and/or because you collect commems. That may be enough reasons for many to buy but not enough for a sell out.

  16. Anonymous says

    Bought one, love it, for a great cause, better price especially at the start, than the 2010 proof ASE. I'll take the Veterans cause any day over 5 oz hysteria. "Think of them, they thought of us".

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American Veterans Disabled for Life Silver Dollar Commemorative

Tomorrow February 25, 2010 at 12:00 Noon ET, the United States Mint will begin sales of the 2010 American Veterans Disabled for Life Silver Dollar. This is one of two commemorative coin programs scheduled for 2010, each including the issuance of a silver dollar.

The obverse of the American Veterans Disabled for Life Silver Dollar features the legs and boots of three veterans. A banner across the top reads “They Stood Up for Us”. Below the image, “In God We Trust”, the date and mint mark, and “Liberty” appear.

The reverse of the coin features a wreath of oak branches with a ribbon wrapped around and a forget-me-not flower at the base. A central inscription reads “Take This Moment to Honor Our Disabled Defenders of Freedom”. Additional inscriptions “United States of America”, “E Pluribus Unum”, and “One Dollar” appear surrounding the wreath.

The US Mint will offer proof and uncirculated versions of the coin, both struck at the West Point Mint. Introductory pricing in effect until March 29, 2010 will be $33.95 for uncirculated coins and $39.95 for proof coins. Regular pricing will be $35.95 and $43.95.

There will be an initial ordering limit of 100 units per option per household in effect for at least the first 30 days of release. The US Mint has not made any indication that a special set will be created for this commemorative coin program. Only the two individual ordering options have been mentioned with a maximum authorized mintage of 350,000 across both options.

The other commemorative program for this year will feature the 2010 Boy Scouts of America Centennial Silver Dollar. This coin is currently scheduled for release on March 23, 2010.

New Coin Grader Capsule: Submitting Coins to PCGS and NGC

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Comments

  1. Anonymous says

    Thankyou! American Vets for having the courage and fortitude to put up with so, So very much… that is asked of you both mentally and physically in the on going fight for Freedom. All civilian Americans should take time to think of the many rediculously incredible selfless sacrifices that they have made and continue to make for US everyday.
    Thankyou!

  2. Anonymous says

    To the poster @ February 24, 2010 5:38 PM, I highly doubt that I'm the only one going to be purchasing these commems.
    And to the poster @February 24, 2010 5:41 PM…Only one thing to say >>> well said!!

  3. Anonymous says

    Personally I'm for all the Vets and thankful for all their sacrifices. However, I think the US Mint could have done them a much better service by putting out a better coin. The person who designed this appears to be the same one who designed last years platinum…a diversity of injuries. Come on Mint…these true patriotic people deserve much better than what you provided!

  4. Anonymous says

    This coin looks too much like the Commem Desegregation in Education from 2007. I think the Mint could have made a much better design to honor our disabled vets. BTW, instead of making a freaking coin, why don't they give our vets better benefits???

  5. Anonymous says

    All the money spent on the banker elite bailout could have probably been better spent making better quality armoured vehicals for the troops made out of Platinum!

  6. Anonymous says

    I notice that these Veterans Commems will not come with an easy open capsule version like the Braille did. It did remind me to go back and look at the Braille's I bought last year. Big Problem. Now I can't tell which UNC is is the easy open capsule and which is not. Does anybody know how to tell the difference between an easy open capsule and a regular one?

  7. Anonymous says

    I'm down for a couple of each. I'll be checking out the sales numbers at the end of the week and figuring how they're selling overall.

  8. Anonymous says

    Any predictions on a sellout? If so , how soon? Just curious as to what the visitors to this blog think..

  9. Anonymous says

    I got my order placed for these coins.I must say the mints website still isn't what it could/should be ..

  10. Anonymous says

    LOL, got my order in & already on back-order, way to go Mint!!!!I can see that the Mint has stepped it's game up this year…NOT

  11. Falcon says

    You have to feel it to buy this coin. It is not for the art they did on it. You just have to feel it to want to buy it.
    Some people will buy this coin as a investment. Others will buy it because it honnors someone who went through it.
    The US Mint can step up it's game and start to produce a work of art on a coin. This is a simple flat etching. Other country mints have encapsulations, holograms and bimetal coins. With all of the tech we have the US Mint should be able creat a coin that would astound the world.
    The ultra high relief gold coin was nice but the average person couldn't afford it. I couldn't even afford the 1oz gold buffalo.
    The US Mint could make holograms, embeaded and bimetal coins that the average person could buy first. It would let everyone own a coin that someone in another country would want to buy as a work of art.
    The only hot selling coins last year were the penny and the Lincoln Dollar Set. Those coins sold for a historical reason. This coin, like most of the US coins, will sell for memory or money not for art.

  12. Anonymous says

    Thank you to all veterans, but when it comes to the coin, the flier I got in the mail from the Mint on this coin is nicer than the coin. Talk about a eagle in the brochure !! If they would only put that art on a coin. DDDDDUUUUHHHHH

  13. Anonymous says

    I plan on getting 10 of each , so I can give to my local Veterans when I visit them every other week..They seem to enjoy the time I spend with them , so why not give them a little added bonus. 🙂

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