The United States Mint has announced that they will stop accepting orders on December 17, 2012 at 5:00 PM ET for the 2012 Star Spangled Banner Commemorative Coins, 2012 Infantry Solider Silver Dollars, and 2011 September 11 National Medals. This leaves collectors with approximately two more months to place orders for the coins.
For both commemorative coin programs, the authorizing legislation provides that the coins may only be issued during the calendar year beginning on January 1, 2012. As in the past, the US Mint has established an earlier order cut off date to allow time for order processing and delivery.
The authorizing legislation for the September 11 National Medals provides that no medals may be struck after December 31, 2012, but does not provide a limit for how long the medals may be issued. However, from the outset, the US Mint has indicated that sales would conclude at the end of 2012 so the dispersal of surcharges would not be delayed.
The 2012 Star Spangled Banner Program includes $5 gold coins and silver dollars in proof or uncirculated versions. In addition to individual options, a two coin proof set and Bicentennial Silver Dollar Set are also available. Sales began on March 5, 2012 for all products except the Bicentennial Set, which had sales begin on June 1, 2012. Sales for each option as of the most recent sales report are shown below.
|2012 STAR SPANGLED BANNER COMMEMORATIVE COINS|
|Two Coin Set||10,828|
|Bicentennial Silver Dollar Set (Proof)||28,860|
The coin to watch from this program is the uncirculated version of the $5 gold coin, which has sales of only 4,571. This puts the coin on pace to have one of the lowest mintages for any modern commemorative coin. The current low is held by the uncirculated version of the 1997 Jackie Robinson $5 Gold Coin at 5,174 pieces, followed by the uncirculated 2001 Capitol Visitor Center $5 Gold Coin at 6,761.
Given that the two coins mentioned trade for significant premiums on the secondary market, it certainly makes this year’s potential low mintage coin tempting. However, in this post, I discussed some of the caveats of chasing recent low mintage coins.
Sales of the 2012 Infantry Soldier Silver Dollar began on February 16, 2012. The US Mint offers individual proof and uncirculated versions, as well as the Defenders of Freedom Set, which includes a replica dog tag and chain. Sales for each option as of the most recent sales report are shown below.
|2012 NATIONAL INFANTRY SILVER DOLLAR|
|Defenders of Freedom Set (Proof)||44,635|
The September 11 National Silver Medal began sales on June 20, 2011. The proof quality one ounce silver medals are offered with either the “W” or “P” mint mark. A high maximum mintage of 2 million pieces was authorized, although sales have remained well below that level. Sales figures as of the most recent report are shown below.
|SEPTEMBER 11 NATIONAL MEDALS|