Arches Quarter Three Coin Set, Gold Product Price Increase Possible

Today, June 24, 2014 at 12:00 Noon ET, the United States Mint began accepting orders for the 2014 America the Beautiful Quarters Three Coin Set featuring the Arches National Park Quarter.

Arches National Park Quarter

The 2014 Arches National Park Quarter was originally released into circulation and offered for sale in numismatic bags and rolls earlier this month. The reverse design features a depiction of Delicate Arch with the La Sal Mountains appearing in the background. The reverse of the coin was designed by Donna Weaver and engraved by Charles L. Vickers. On the obverse is John Flanagan’s 1932 portrait of George Washington.

The thee coin set contains one uncirculated example of the coin from the Philadelphia Mint, one uncirculated example from the Denver Mint, and one proof example from the San Francisco Mint. The three coins are mounted on a durable plastic card illustrated with a photograph of Delicate Arch similar to the coin design. On the back of the card is a brief description of the park and coin design, along with a certificate of authenticity.

Each Arches National Park Quarter Three Coin Set is priced at $9.95. There are no stated product limits or household ordering limits imposed. Orders fulfilled through the US Mint’s Online Subscription Program are eligible for a 10% discount.

The two previously released three coin sets for this year have reached sales of 14,167 units for the Great Smoky Mountains and 12,020 units for the Shenandoah National Park Quarter.

Numismatic Gold Coin Price Increase Possible

gold-buffaloOnce again, prices increases may take place for the United States Mint’s numismatic gold products. The last price increase took place two weeks ago on June 11.

The US Mint determines the price levels for numismatic gold and platinum products based on the average weekly prices of the metals. The averages are calculated 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 pricing change may take place. A secondary criteria requires that the Wednesday PM Fix price must agree directionally with any change.

The available data for the latest weekly period puts the average price of gold well within the $1,300 to $1,349.99 range, which is one tier higher than the range used to establish current prices.

In the most likely scenario, pricing will depend on the Wednesday PM fix price of gold. If the price is $1,300 or higher, then a price increase would occur. If the price is below $1,300, then prices would remain unchanged.

The impacted products would include the 2013 First Spouse Gold Coins, the 2014 Proof Gold Eagles, 2014-W Uncirculated Gold Eagle, and 2014 Proof Gold Buffalo. Prices would be increased proportionally by $50 per ounce of gold content.

Price changes for numismatic gold products have typically been made effective mid-morning Wednesday.

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Comments

  1. VA Bob says

    Ok everyone wants to talk about the BHoF coins, have at it. No interest in these?

  2. S. Knight says

    Oops there goes the gold price.

    The fiat cockroaches (BUGS that eat paper) are going to really be mad at the gold “BUGS!”

  3. Peter says

    @Va Bob, On the BHOF, I am sure that I am not the only one a little frustrated by yet another delay from the mint for inventory week. Orders have been delayed for months with almost no accurate information handed out. I used to work at a fairly large mfg. co. with 350 employees where I was materials manager, and our inventory consisted of about 25 employees coming in on a Sat. morning for about 5 hours. That’s it. And this was in an era of manually writing out inventory tags. No barcodes. So the fact that they take a week helps explain why these delays have been so lengthy.

  4. Bob R says

    I was in the barber shop getting a flat top today as I will be taking my kids to Colorado on vacation for several weeks. Anyway I wanted to show everyone at the barber shop the HOF silver proof coin, well it was a hit.

    There was one family there getting the kids hair cut, but the conversation went to the oldest son, whom is a good baseball player. They said he is looking to go to So Miss under scholarship. I pulled out the HOF $1 proof from my pocket (I brought it there in the first place to display it anyway) .

    Turns out the father helps the kids collect silver coins, buys them from a dealer (crook) here. They were excited to see the HOF silver coin, and questioned how I could get it and not their dealer, long story short the public is not aware, even to the extent pro and college ball is unaware.

  5. Rick of Ohio says

    To Dustyroads, I had trouble getting into this site earlier yesterday. Just went dead when trying to bring in this site. Thought it was down or hacked. Norton said it was ok site though.

  6. Steve says

    Disney Donald Duck coin went on sale at NZ mint at 8 am. 1/4 oz gold and 1 oz silver. The gold sold out in 9 minutes.

  7. Jon in CT says

    Bob R wrote on June 25, 2014 at 12:16 AM:

    I was in the barber shop getting a flat top today … . Anyway I wanted to show everyone at the barber shop the HOF silver proof coin, well it was a hit.

    They were excited to see the HOF silver coin, and questioned how I could get it and not their dealer, long story short the public is not aware, even to the extent pro and college ball is unaware.

    Everyone I know also likes to show off his coin collection at the local barber shop. NOT!

    I applaud Bob R’s efforts to uncover a new source of buyers/fools, which are necessary to sustain BHOF coin price momemtum base on the principle described at http://en.wikipedia.org/wiki/Greater_fool_theory.

  8. Pittsburgh P says

    @Bob R great story & show your coins off anywhere you please! Don’t let negativity by the curmudgeon get to you. Guess some people aren’t gettin enough vitamin D-get some sun 🙂

  9. fmtransmitter says

    lol@PP…

    Steve says
    JUNE 25, 2014 AT 8:36 AM

    Disney Donald Duck coin went on sale at NZ mint at 8 am. 1/4 oz gold and 1 oz silver. The gold sold out in 9 minutes.

    GM bought them all!

  10. fmtransmitter says

    Nothing like a good flat top, it is about time Barbers get their own commem…

  11. Blair J Tobler says

    Please note that the comments of certain people do NOT represent all of us residents of CT!

  12. VA Rich says

    Pitt – no, its called forgetting to pick up your Seroquel prescription.

    The blog has been so refreshingly pleasant, positive, & helpful over the past few weeks, well, up until 9:23 this morning. Hey, you still on for Chicago?

  13. says

    Bob R,

    Wouldn’t the barber shop be the appropriate place to show off your Barber quarters?

    This blog site went dead went dead for many hours yesterday and early today. It probably temporarily crashed from all of the HOF comments.

  14. Pittsburgh P says

    @ blair I guess it is pretty cloudy in CT 😉 but I know there’s good people everywhere.

    @VARich hope he gets to the pharmacy soon! It has been a quiet & more helpful place recently-for the most part 🙂 Yep, as of now I am. I didn’t get a hotel room soon enough. I didn’t think most places would be sold out over a month prior… Guess there is somthing else goin on that same week also. I plan on drivin in monday night and only staying for the first day. We’ll have to get together for dinner or a drink.

  15. Sith says

    Back on topic 🙂 one of my Silver BHOF coins just went “in stock and reserved.” The other shows it will ship tomorrow, and th clad say it will ship today…

  16. VABEACHBUM says

    @ Bob R – Not surprised about the public’s lack of understanding. I have a lot of interaction with BB coaches and umpires across all levels of play (youth rec, D-3, D-1, MLB AAA) in this area, and the ONE Coach who had any knowledge of the BHOF coins prior to my asking had learned of them from a relative who is an avid collector – not from any type of advertising or public service information. I do appreciate your story, though, as your willingness to show and tell may very well help to cultivate the next generation of collectors we need to perpetuate our hobby. Keep up the great work!!

    @ Blair J Tobler – NOTED!! Until such time as MNB can offer filtering options, I’ll simply continue to appreciate the convenience of my internet broswer’s Vertical Scroll Bar feature.

  17. says

    @ Bob R, Good story…When you here negativity here from the peanut galary just remember “Not my circus, not my monkey” and go on…

  18. says

    VA Rich, I’ve been giving Chicago a lot of thought, the only thing to do at this point is book a flight, car, and hotel room, but now that I here it’s getting hard to find a room, it may be the last nail.
    Are you familiar with the “early bird badge?” It’s pretty unfair if you want to get in and get a coin that may sell out quickly, but if you have one you can get in 2 hours before the general public. The only catch is that they cost $150.00 and you must also an ANA membership.
    If you are interested this deal, you can get your membership at this official link:
    https://secure.money.org/cvweb/cgi-bin/memberdll.dll/info?wrp=membershipapp.htm

  19. says

    Also, I’m disappointed that the silver Kennedy’s will not be on sell there. Now, the only thing left to know is, how will the Mint sell thing coins?
    I absolutely agree that these could be a bust with no limits in place.

  20. says

    I just don’t see the Silver Kennedy’s being offered until September at the earliest. The Silver BHOF coins are not supposed to finish shipping until mid to late August. I don’t think the Mint wants to ping cc’s for the Silver BHOF and then the same people getting immediately pinged for the Silver Kennedy’s. There was 1,103 Silver BHOF coins cancelled last week. The Mint still has a cushion of 33,970 oversold Silver BHOF coins I would think they would want to complete the shipments of the Silvers, send out cancellation notices and then start offering the Silver Kennedy’s.

  21. says

    Question for Anyone. I saw a completed auction for NO coin, box, COA, capsule and sleeve. 16 bids and sold for $31.50. This was for a Silver proof BHOF. Why would an empty box, COA, capsule and sleeve be worth $31.50 to someone?

  22. says

    Cagcrisp, If I had a 69, I most certainly would want to put it back in the original packaging, especially if I had selling it in mind. Also, you know how people can be when it comes to buying accessories for their graded coins, they just want to have it!

  23. fmtransmitter says

    @cag, I think a LOT of eBAyers look at pics or dont READ the entire ad and sellers try to deceive when they post. These sellers don’t last as when the transaction goes through even if the buyer paid, they may leave a negative, then your pretty much done in that world..

  24. says

    I had been waiting to purchase the GSM 5 oz. bullion until a later date, but with the Mint reporting them as sold out, I was able to buy one from APMEX this morning. The only thing I don’t like is that with $9.95 shipping, and CC charges, the price ends up being the same as what the Mint charges for the P version (with subscription). However, I look at it as an example of how cheaply the US Mint sells it’s 5 oz. coins compared to other Mints.

    Sorry Jon

  25. VABEACHBUM says

    @ sharks2th – Louis had mentioned the additional details last week within one of his recurring commentaries on another venue. I also seem to recall that it had been mentioned within the discussions of one of the previous MNB threads, albeit very briefy. What’s irritating to me, and also covered by Louis, is the fact that the Mint has been very annoying with the manner in which the product details have been delivered: Coin / Set Specs here; finishes there; recommended product pricing in yet another location; and release dates in the Locked Study w/ Colonel Mustard!! The Mint thinks they are generating hype and sustaining interest in the program. I think it speaks to their mediocre marketing and manufacturing capabilities. Then again, when you’re a monoply, most customers will have to come to you.

    @ cagcrisp – I think the 4-coin Silver Sets will go on sale in August, so they can attempt to determine their productions demands, but will not begin to ship until October because they’re still fighting through the BHOF Halves back-log that has continued to add 2K-3K new orders every week.

    With the BHOF Halves still being struck at D & S, the Kennedy 2-Coins to be struck at D & P, and the Silver Kennedy 4-Coins to be struck at D, P, S & W, that’s a whole lot of Half Dollar Production at all Mint locations, but especially in Denver, while also needing to strike the rest of the circulating coinage.

  26. fmtransmitter says

    Ikaika says

    June 25, 2014 at 1:31 pm

    This WTE will be a yearly series from now on. I am sure
    Agreed, but will it be cornered by a single Dealer?

  27. Ikaika says

    @ FM

    I think not, because they will be produced in the millions. Plus I don’t think GM has the facilities to store all of the bullions, LOL.

  28. Clark says

    My April 4 $1 prf BHoF order is “expected to ship 6/12/14” and my March 27 $5 Prf order is in stock & reserved, but probably won’t ship until the mint’s quarterly inventory ends. Of course, I have not received either order. It’s hard to rely on order status updates. I guess we should be happy when items just appear at our doors unannounced.

  29. says

    On the Right you have US Coin Auctions. There is one for ‘Lot of 18-2007-2011 Proof First Spouse Gold Coins’. Ends June 26, 2014 12:18:02 PDT. In the Item specifics it says “Reserve is set at our cost and not reflective of the gold price increase the past few years”. If you bought all 18 of these coins on first day of issue your cost would be $12,925.80. It will interesting to see how this plays out…

  30. Brad says

    Dusty,

    The GSM 5 oz. silver bullion coin is sold out? Where do you see this? I was trying to verify but I don’t see anything on it. I’ll buy one from APMEX myself if they’re really sold out for good.

  31. says

    Cagcrisp,

    It looks like this ebay seller is at least trying to break even. It’s interesting that he or she obtained all of the FS gold coins through 2011 and then, apparently, threw in the towel. I think that the number of coins that the seller is trying to unload all at once could be a tough sell. My prediction: no sale.

  32. Brad says

    Cag,

    Which 3 coins are missing in that First Spouse auction? I haven’t seen it yet. Are they the keys (Jackson’s Liberty, Van Buren’s Liberty and Julia Tyler)?

  33. Louis says

    @Ikaika- I saw that too on the bullion WTE. Wish they had an ungraded one for sale too. Do you think the 70’s will prove to be worth it at $99? I believe it is true these are unlimited, so I am not sure. Worth getting one or two gems anyway for the collection of WTE’s. If anyone see another seller carrying them or sees anything about a mintage, please chime in.

  34. Louis says

    I am not counting a certain e-bay dealer marking them up at twice GM’s price and probably getting them from GM!

  35. Ikaika says

    @ Louis

    My feeling is the WTE bullion will be a series like the ASE’s . And Perth will strike millions of those every year. Now regarding the MS70 graded, keep in mind that this is the first year of the series (if it really happens). So long term maybe a good value (Buy at your own risk). I would like to purchase a WTE in capsule and not holder to go along with my HR, PF and 5 oz WTE.

  36. says

    Brad, I saw it yesterday on one of the US Mint production reporting sites listed as sold out. I’ve been trying to find it again but it’s no longer around. I apologize for not keeping better track of where I read things. If it’s not reported anywhere else, I may have misread the report.

  37. Brad says

    Louis,

    We were talking about the GSM bullion coin, not the P Mint mark vapor blasted coin. The Mint shows that 29,000 have been sold of the bullion coin so far, but it gives no indication if it’s sold out.

  38. Louis says

    Brad- Sorry. I was confused. But I thought the max on the bullion was 35K. Can’t they keep taking orders until that level is reached? Why would they stop at 29K?

  39. VA Rich says

    Pitt – yeah, I made hotel reservations either. I’m hoping that is works out so I can buy the first round! If the mint announces that there will be a one coin limit or 3 coin limit and only bringing 1,000 coins, so something like that, it’ll make it make it hard to justify the cost of making the trip. Though I’m sure the experience will be something!

  40. VA Rich says

    Thanks Dusty – really appreciate the heads-up! Hopefully we can all make it and throw back some cold ones! Bring some comfortable shoes and one of those folding stools, think we may need it!

  41. Louis says

    I have details on the WTE’s but I won’t just give it away here! You know where to look for it.

  42. Ray says

    Louis, where would I find info on the WTE? I havent bought any of the WTE’s released so far, but I would like to add one to my collection at some point. Thx

  43. says

    Ray, If you mean the 1oz. bullion WTE, they should be available through GovMint.com(GM) for $99.95. That’s a little steep if you ask me, and I doubt there will be a limit on these. They may have a proof WTE which are very nice, and at the same price as the bullion. Better yet, there are only 5,000 of them. If you’re referring to the UHR or the 5 oz., they won’t be available through GM. Louis writes some very nice articles on another site and will divulge what he knows there.

  44. Ray says

    DustyRhodes, thx for the info. What I am looking for, is the link to the site Louis works on. He teased it but wouldnt post. Could you, or someone else post a link to his blog, or post the name, or something? thx

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