Thursday, June 24, 2010

Sales Ending for D.C. & U.S. Territories First Day Coin Covers

Next week on June 30, 2010 at 5:00 PM ET, the United States Mint will conclude sales of the 2009 District of Columbia & U.S. Territory Quarters First Day Coin Covers.

All six of the covers are still available for sale currently, including the District of Columbia, Puerto Rico, Guam, American Samoa, U.S. Virgin Islands, and the Northern Mariana Islands. Each cover is priced at $14.95 each.

These products may be worth a look since they represent the last First Day Coin Covers produced for quarters for the foreseeable future. The US Mint previously confirmed that they will not be creating similar products for the new America the Beautiful Quarters Program. This final year of covers also marks an improvement in design from the somewhat bland template used for the State Quarter covers. Finally, the covers boast relatively low production runs, as compared to the Presidential Dollar and State Quarters Coin Covers.

The Presidential Dollar Coin Covers have sold as many as 50,000 units for the initial releases of the series. Current releases have shown a decline in popularity, but still top more than 20,000 units each. The earliest State Quarter Coin Covers sold 100,000 per state before descending to lower levels. I wasn’t table to find any sales figures for the later years of the series, but this old Mint News Blog post has some interim sales figures for the 2007 covers, showing sales above 20,000 for each state.

The last reported sales figures for the DC & U.S. Territories covers are included below. These numbers include sales through June 20, 2010. This week’s full sales report is available on Coin Update News.

DC & US TERRITORIES COIN COVERS
District of Columbia 20,009
Puerto Rico 16,943
Guam 13,420
American Samoa 11,821
U.S. Virgin Islands 10,665
Northern Mariana Islands 10,187

The figures above should place the total sales solidly below even the lowest production State Quarter and Presidential Dollar Coin Covers. Time will tell whether these low numbers will create a new allure for these covers on the secondary market.

Recently completed eBay auction show some of the tougher to find State Quarter First Day Coin Covers selling around $30 to $40 each. About a year ago, I recall some covers selling for more than $100 each. On the low end of the spectrum, some of the high production covers sell for as little as $4 or $5 each. It bears mentioning that there seems to be somewhat of a thin market for these covers at present. Most are listed for sale with fixed Buy It Now prices and the sell through rate is low.

There may already be some measure of speculation taking place for the DC & U.S. Territory covers. Ever since the US Mint announced the impending conclusion of the offering, the pace of sales has increase to 100 or more covers per location per week. In the last week nearly 200 covers were sold for each location . Prior to the announcement, sales had been running about 30-40 per week for most issues.

Monday, January 11, 2010

Northern Mariana Islands Quarter Coin Cover

The US Mint will release the Northern Mariana Islands Quarter First Day Coin Cover on January 12, 2010 at 12:00 Noon ET. This will be the final coin cover in the DC & US Territories Quarters Program.

Each cover will include two 2010 Northern Mariana Islands Quarters, one each from the first day of mintage at the Philadelphia and Denver Mint facilities. The coins are mounted on a display card with a 44-cent Flag stamp. The cancellation will be November 30, 2009, Saipan CMNI, representing the first day the quarters were released into circulation.

The covers are priced at $14.95 each and will be limited to 20,000 units. The US Mint product page is already available here.

The other First Day Coin Covers issued for the DC & US Territories Quarters Program all remain available for sale on the US Mint’s website. As of the most recent US Mint sales report, the District of Columbia cover sold 17,887 units, the Puerto Rico cover sold 14,747, the Guam cover sold 11,216, the America Samoa cover sold 9,553, and the US Virgin Islands cover sold 7,395.

The first three releases of the series had a maximum production limits of 25,000 units each. The maximum was reduced to 20,000 units for subsequent releases. It has not yet been confirmed whether First Day Coin Covers will be offered for the upcoming America the Beautiful Quarters.

Thursday, November 5, 2009

U.S. Virgin Islands Quarter First Day Cover

On November 10, 2009 at 12:00 Noon ET, the United States Mint will release the 2009 US Virgin Islands First Day Coin Cover. This will represent the fifth release of the DC & US Territories Coin Cover series.
Each cover includes one U.S. Virgin Islands Quarter from the Philadelphia and Denver Mints. These quarters will be from the first day of production at each respective mint. The coins are mounted on a custom display card with a 44 cent United States Flag postage stamp. The postmark will be September 28, 2009, Charlotte Amalie, St. Thomas, IV. This represents the first day the quarters were released to the public.

The covers are priced at $14.95 with a maximum production of 20,000 units.

Previously released 2009 Coin Covers for the DC & US Territories Quarters remain available for sale at the US Mint. As of the last weekly reporting period, the US Mint has sold 16,493 District of Columbia covers, 13,084 Puerto Rico covers, 9,476 Guam covers, and 7,513 American Samoa covers.

Letitia Tyler First Spouse Bronze Medal

On a separate note, the US Mint recently sold out of the Letitia Tyler First Spouse Bronze Medal. This medal went on sale July 2, 2009, priced at $3.50. Although the individual option is no longer available, the medals will be available again starting December 3, 2009 as part of the 2009 First Spouse Five Medal Set.

Today on Coin Update News:
US Marshals Commemorative Coin Proposal Includes High Relief Gold Coin
US Mint Gold and Silver Bullion Sales Report

Wednesday, September 9, 2009

American Samoa Quarter First Day Cover


Yesterday, the US Mint released the 2009 American Samoa First Day Coin Cover. This represents the fourth release for the 2009 District of Columbia and U.S. Territories Quarters.

Each cover includes one American Samoa Quarter from Philadelphia and one from Denver that were produced on the first day of mintage. These two coins are mounted on a nicely designed display card with a 44 cent Flag stamp. The postmark is July 27, 2009 Pago Pago, AS, the day the coins were released to the public.

The maximum production for the American Samoa Covers is 20,000 units. This is actually lower than the prior releases for District of Columbia, Puerto Rico, and Guam, which all had a maximum of 25,000 units. To date, these releases have sold 14,454, 10,468, and 5,998 units, respectively.

The covers are priced at $14.95 each and can be found on the US Mint’s website here.

Friday, July 24, 2009

Guam Quarter First Day Coin Cover


The US Mint will release the Guam Quarter First Day Coin Cover on July 28, 2009 at 12:00 Noon ET. This will be the third First Day Coin Cover released for the 2009 DC & US Territories Quarters Program.

Each cover will include two Guam Quarters from the first day of mintage, one from the Philadelphia Mint and one from the Denver Mint. The two coins are mounted on a custom designed display card with a 44 cent Flag stamp. The covers will be post marked May 26, 2009, Hagatna, GU.

The Guam Quarter First Day Covers are limited to a maximum production of 25,000 units and will be priced at $14.95 each. The product page is already available on the US Mint’s website here.

The two previously released 2009 Quarter First Day Covers remain on sale. To date, the District of Columbia Quarter Cover has sold 13,037 units and the Puerto Rico Quarter Cover has sold 8,571 units.