Grover Cleveland (Second Term) Presidential $1 Coin Cover

The United States Mint will begin sales of the Grover Cleveland (Second Term) Presidential Dollar Coin Cover today December 18, 2012 at 12:00 Noon ET. This will join the coin cover issued for Cleveland’s first term released earlier this year on June 19.

Since Grover Cleveland served as President during two non-consecutive terms, the authorizing legislation for the Presidential $1 Coin Programs specifies that two separate coins must be issued. This also results in two sets of corresponding numismatic products.

This cover represents the 24th release within the ongoing American Presidency $1 Coin Cover series. Each cover contains two Grover Cleveland (Second Term) Presidential Dollars from the first day of production at the Philadelphia and Denver Mint facilities. The coins are mounted within an illustrated envelope which features a portrait of the President and a postage stamp canceled on December 18, 2012, Caldwell, New Jersey.

The production limit has been established at 22,000 units. Pricing is $19.95 per cover.

Based on the figures from the latest weekly sales report published today, the previously released 2012 Presidential $1 Coin Covers have reached sales of 15,680 for Chester Arthur, 14,053 for Grover Cleveland (First Term), and 12,896 for Benjamin Harrison. Each of these has a production limit of 22,000 units.

Potential Price Decrease for Numismatic Gold Coins

Based on the available data, there is a possibility that the prices for the United States Mint’s numismatic gold products may be decreased tomorrow. This would be the first pricing action in nearly two months.

The average price of gold for the weekly period will likely fall within the $1,650 to $1,699.99 range. This would be one tier lower than the pricing range currently in effect for US Mint numismatic gold products. The determination of a potential pricing change will likely rest on the Wednesday PM London Fix price. If this price is below $1,700, then a price decrease will take place. If this price is $1,700 or above, no pricing change will take place.

The US Mint generally determines weekly pricing changes based on the average London Fix prices from the prior Thursday AM to the current Wednesday AM. As a second criteria, the Wednesday PM price must agree directionally with the change. This additional criteria was created to reduce the number of price changes.

Any price change would impact the currently available First Spouse Gold Coins, Proof Gold Eagles, and Proof Gold Buffalo coins. It would also determine the opening price for the Frances Cleveland (Second Term) First Spouse Gold Coin scheduled for release on December 20.

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  1. Brad says

    I sure hope we’re not cheated out of the price decrease by the Wednesday pm rule! I still haven’t bought my 2012 First Spouses yet, and I’m getting a little worried about the Alice Paul Uncirculated coin selling out. Who knows how many were minted initially, and if any more will be minted by December 31.

  2. DCDave says

    @Brad, PMs are tanking so almost 100% price decrease tomorrow.
    Almost all Mint PM products will chase melt over time, so be careful what you wish for.

  3. EvilFlipper says

    Ahhh yes!!! A nice price decrease. Held off buying my AGEP 1/4 Ozers waiting to see if this happened. I know miraculously stocks seem to be levitating but it’ll all fall soon. Gonna sell some of my common gold today and flip into some more rarer items… Don’t worry guys n gals: gold wont go down forever! But it will retrace some with this s;&t market. Gold leads here. Anyone scared should be holding rarer more collected numismatic items n

  4. EvilFlipper says

    Ahhh yes!!! A nice price decrease. Held off buying my AGEP 1/4 Ozers waiting to see if this happened. I know miraculously stocks seem to be levitating but it’ll all fall soon. Gonna sell some of my common gold today and flip into some more rarer items… Don’t worry guys n gals: gold wont go down forever! But it will retrace some with this s;&t market. Gold leads here. Anyone scared should be holding rarer more collected numismatic items now. I’ll look too flip those 1/4 Ozers by spring. I gotta feelling next year will be even less offerings due to the economy.

  5. Brad says


    Yes, after I posted the comment I saw the big decline in the gold spot price. That makes it look very likely that the Wednesday pm fix will be below $1,700.

    And you’re right that a lot of products will most likely go down later if gold drops, even the spouses. However, it’s important to note that I’ve been building the sets of First Spouses since 2007 for enjoyment. So, even if the value does go down later I’m not stuck with coins I wouldn’t have bought anyway. Still, I try to get them as cheap as I can. That’s why I didn’t order right away. I was hoping to get the entire set of 2012 Proof and Unc in one order for one s/h charge. Since the price of gold has been trending lower since the coins started to be released, I’ve had the opportunity to wait a little longer than normal.

  6. Brad says

    It looks like the Chester Arthur individual P and D rolls sold out too at some point. No big deal though, the bag and box options are still available and not backordered.

  7. DCDave says

    Not sure why folks on this blog care at all about clustering orders to save $5 on shipping or $12.50 on a 1/4 oz gold coin. Big picture guys, big picture…

  8. Brad says


    Regarding the s/h charge, I guess it’s the principle of the thing. I’m old enough to remember when the Mint didn’t charge a s/h charge for online orders at all, just for mail-in orders. Others here might remember the same thing.

    In a declining price environment, I can’t bring myself to order coins in the series I’m collecting when two weeks later another design will be released. I know the charge is only $4.95 per order, but if I can keep it versus giving it to the Mint for using such a ridiculous release schedule, I will. Now, if the price was poised to increase $25 per coin, I’d do the smart thing and order separately. But, since prices haven’t been in danger of going up for quite some time, I just decided to wait and save the three extra $4.95 charges. I’m not too worried about receiving reject coins for the first two designs, since pretty much all the reports about quality here have been positive.

  9. Samuel says

    off topic, the total sales of the unc SSB is 2 less than the “2001-W Capitol Visitor Center $5 Gold Uncirculated 6,761”. so, it will be the 2nd lowest.

  10. TomP says

    Brad, the latest sales report has been released which shows a -65 for the unc. Alice Paul. Somebody is returning coins.
    How is the house purchase going, is it past the point of impacting your coin purchases? I ask because I’m also buying one and it’s affecting my purchases now (don’t buy a short sale – what a drag). My wife is already planning for new home furniture and is questioning my collecting at this time. O well, goodbye unc. SSB gold. I would have liked it to contrast the polished ‘O SAY’ on the proof SSB.

  11. Shutter says

    off topic, the total sales of the unc SSB is 2 less than the “2001-W Capitol Visitor Center $5 Gold Uncirculated 6,761″

    The sales number for SSB is not the final audited number just yet. It could still go up or down.

    I am curious though. Has there been an instance in modern commemoratives where uncirculated version outsold proof? Yes I know that is not the case for SSB (because of 2 coin set sales). Just curious if it ever happened.

  12. Micro says

    Samuel, my unc SSB gold coin shows shipped today. I ordered it right after it went backorder on Nov 12.

  13. Brad says

    Tom P,

    Actually, the house purchase IS affecting my coin buying at the moment. The bank insists I don’t make any “large or out-of-the-ordinary” credit card purchases before closing. They don’t want us taking on any additional debt. However, it’s not really debt if you don’t intend to carry it forward. I always pay the credit cards in full when the bill comes, unless I’m taking advantage of an 18 month 0% intro rate or something. I hate it that they’re pushing me around, because if the coins sell out before the closing date, they’ll mess up my sets I’ve been working on since 2007 over a stupid technicality! I’m going to buy the coins anyway, so who cares if it’s before or after closing? They can see that we have more than enough money in the bank to put 20% down, pay the insurance and property taxes (on BOTH homes, since we haven’t sold the house we currently live in yet) AND for me to buy the coins too. They’re really rocking my world right now!

  14. Bill B says

    Maybe a close relative or friend who knows your credit worthiness will put the order in on his/her card? Hate to see you miss a key addition in your collection (or mess up the house closing)
    You always have the secondary market, I guess.

  15. simon says


    I was in a similar situation a while back. I had the funds so I prepaid my CC acct before formally making the purchases. It is a viable option which may help a slide under the radar.

  16. says

    Great news today on the gold five dollar commemorative coins. The uncirculated five dollar gold coin finished with a mintage of only 6,759 making it the second lowest mintage after Jackie Robinson. I would have to say that I think the sleeper was the Proof Star Spangled Banner Five dollar gold coin. Final mintages was 18,176 making it the third lowest gold commemorative coin ever produced to date. I would have to say that this coin will draw all kinds of collectors unlike the Medal of Honor and the Army Proof with both have lower mintages but only a certain type of collector category. The final mintages on the proofs are not that far off with Medal of Honor at 18,012 and Army proof at 17,173. This is great news for collectors and would like to hear thoughts from anyone interested about this news.

  17. Robertson says

    “The sales number for SSB is not the final audited number just yet. It could still go up or down.”

    True, but if the 6,759 is the total number that was compiled through Dec. 17th, which also happens to be the day that sales ended for the SSB at close of business, I would think that number can only go down as a result of returns and/or cancellations. Looks like a possible winner to me, at least in the short run.

    A big factor will be what the 5-Star Generals MacArthur gold coin does next year – if its mintage exceeds the SSB, that could signify a true low mintage coin for the $5 gold unc. On the other hand, if the MacArthur sells even fewer, it means flippers will continue to chase diminishing returns on the prospects for a true low mintage modern.

  18. guama says

    I sold real estate for 18 years and it is not wise to make big purchases before a closing. The banks will check all the way up to and including closing day

  19. Louis says

    I also suspect the SSB number will go down. When the coin was backordered, the Mint told me the sales numbers only reflected orders received, not fulfilled. When all is said and done it should be more than a couple coins lower than the Capitol Visitors Center as it is now.
    Also, we will have to see, but I think the 5-star generals will be quite popular. Does anyone remember if there will be a 3-coin proof set, or just individual coin options?

  20. says

    I am very suprised as to why the SSB coin mintage was so low. This coin isnt bad looking and actually very nice. I doubt we will see the 5-star generals come close to this low mintage from the SSB. What is everyone thoughts on why this stayed so low throughout the year.

  21. Robertson says

    Thanks for clarifying what these weekly figures the Mint releases actually mean. If that’s the case, the final mintage for the SSB gold unc. could drop significantly if last-minute buyers get discouraged and cancel their orders. Then there are the returns. Either way, if I were in their shoes, I could see myself having to make a tough decision: do I hold and hope others return, or do I cancel/return hoping others do not?

    It will be interesting to watch these developments unfold over the ensuing months.

  22. ClevelandRocks says

    Price decrease today, but “no thank you” anyway.
    I’m nervous about PMs tanking more when this fiscal cliff thing actually gets resolved, which it 100% will.

  23. Hidalgo says

    I checked prices on ebay for the UNC SSB gold coin. I did not see any signifcant changes in secondary market prices, despite the fact that all 2012 commemorative coins are no longer available for sale by the US Mint…. I recall the 2011 Army 50 cent coin skyrocketing in value soon after it was no longer available from the US Mint….

    I wonder what that means for the long term future of the UNC SSB coin….

  24. ClevelandRocks says

    I think most collectors are suffering “new low mintage burn-out” and know new lows keep coming. I think the UNC SSB will be great for those that bought to keep. Flippers may have to wait a while.

  25. Samuel says

    when people are all well informed, well prepared, you will not see price jump.
    and, cheap coins usually skyrockting, e.g., canada glow in the dark coin. i did not even buy it when it was available at mintca.

    i bought several unc SSBs, i think it looks better than “2001-W Capitol Visitor Center $5 Gold Uncirculated 6,761”, and there is no reason cheaper than it, but it just needs some time. new lows may coming, who knows.

  26. Shutter says

    I am very suprised as to why the SSB coin mintage was so low.
    3 reasons. (1) Economy. Fewer people have money to spend, and those that do, may be careful about spending cash they may need later. (2) Price of gold. IT takes a lot more money to buy these than it did a few years ago. (3) History. Very few of the modern gold commemoratives command significant premiums over melt. Even many of those graded 70 aren’t very expensive over melt.

  27. Shutter says

    The banks will check all the way up to and including closing day

    True, but the bank credit card units will only send data to credit bureaus once a month. Also they typically don’t include unbilled charges in the balance. OTOH, credit inquiries from other lender (e.g. for a car loan) or employers (for a new job) will definitely trigger concerns even if you don’t go through with those.

  28. Dan in Fla says

    Has anyone seen that the US Mint has lifted the limit on the limited edition silver proof set as of the 18th. Does anybody care?

  29. veekay says

    Looks like Gold products at mint are being repriced(as per site. London PM is below 1670.

  30. Louis says

    I don’t know what you are talking about. Apart from the fact that it is absurd to expect a bump 1-2 days later and even more absurd to draw conclusions about the longer term from that, what you stated is simply untrue. First, there are no completed sales on e-Bay from after Monday when the coins went off sale. Second, if you look at the raw UNC and proof coins, they are $619 and $675. The UNC was $512 on Monday. The graded are higher still. Most people seem to be holding on to their coins and waiting to see what happens. It would be stupid to sell now.

  31. Louis says

    @CR- Metals are down because we are moving away from an agreement today. When we get back on track towards an agreement on the cliff, if we do that is, then they will probably go up again.

  32. HistoryStudent says

    Still a GRAND for a gold spouse. In the worst economy I’ve seen in 50 years too. Worse than the 1961 & 1963 recessions, too.

    I think the flippers will be dumping soon. Buy the good stuff cheap.

  33. Robertson says

    I think it’s way too early to draw any conclusions on the SSB gold unc. Sales ended only two days ago and the 6,759 mintage figure hasn’t even been finalized. I also looked on eBay and saw what Louis related. I also noticed there aren’t any auctions for the coins. Makes me think everyone who bought is holding tight at least until the final figure is released that will more than likely be lower due to cancellations and returns. How much lower is anybody’s guess, but it would be foolish for anyone to unload now before having this information.

    And whatever this final figure turns out to be (which must still be audited by the Mint), with the 2000 Library of Congress $10 bimetallic unc. at 6683, and the 2001 Capitol Visitors Center $5 unc. mintage at 6761, this SSB $5 could very well become the second lowest minted modern commemorative after the Jackie Robinson $5 gold unc., a distinction that ain’t too shabby in my book.

  34. Samuel says

    if i were the dealer who bought hundreds, i would cancel a couple of hundreds to make it more rare.

    btw, my last minute order is in stock and reserved with cancel box.

  35. Robertson says

    I was thinking the exact same thing. In fact, when the mintage skyrocketed by more than 1,000 in just one week last month, my first reaction was to think this was the work of a handful of dealers with deep pockets, in the hopes of discouraging anyone else from ordering. That way, they could cancel maybe 90% of their order just before it ships, thereby increasing the possibility of a final low mintage. If this indeed happened, I think they should have waited a couple of weeks, which might have preempted the Mint from striking more coins. Unfortunately, these spikes in orders came in early enough to allow sufficient time to strike another batch.

    And thanks for the correction on the LOC mintage.

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