Today, the United States Mint began sales of the 100-coin bags of Chester Arthur Presidential Dollars from either the Philadelphia or Denver Mint. These products follow the release of 25-coin rolls, 250-coin boxes, and 500-coin boxes, which went on sale on April 5, 2012.
Following the announcement of the suspension of production of Presidential Dollars for circulation, the Mint introduced many new ordering options for circulating quality coins of the series. For the 2011 releases, there had only been 25-coin rolls available from each mint. For this year’s releases, there are four separate options from each of the two mints.
The newly released 100-coin bags are priced at $111.95 each. On a per coin basis, the bags carry a lower cost than the individual rolls, but a slightly higher cost than the larger quantity box offerings.
Excluding shipping, the cost per coin would be $1.318 each for the 25-coin rolls, $1.1195 each for the 100-coin bags, $1.1038 each for the 250-coin boxes, and $1.1019 each for the 500-coin boxes. The 500-coin boxes carry an additional shipping charge of $7.95 per box, which makes the 250-coin boxes, the lowest priced option on a per coin basis.
Sales of the Chester Arthur Dollars through existing options have been extremely robust, with more than 6.5 million coins already sold. Due to the later release of the 100-coin bags, they probably won’t see the huge initial demand that the rolls and boxes experienced in the opening weeks.
On the world coin news front, the Perth Mint has released the first ever high relief Silver Kookaburra coin and the Chinese Dragon issue for the Dragons of Legend series. For more information, head over to World Mint News Blog.