Today, December, 29, 2011, the United States Mint began sales of the James Garfield Presidential Dollar Coin Cover. This represents the last numismatic product release for the year.
The cover is the 20th release within the American Presidency $1 Coin Cover Series and includes two 2011 James Garfield Presidential Dollars from the first day of production at the Philadelphia and Denver Mints. The coins are placed within a display card illustrated with a portrait of the president. A 44-cent Flag stamp is postmarked “November 17, 2011, Mentor, OH” which represents the first day the coins were released into circulation.
A product limit of 22,000 units has been established. The covers are priced at $19.95 each, plus applicable shipping and handling.
Previously released coin covers from William Henry Harrison (9th President) onwards still remain available for sale on the US Mint’s website. The 2009 covers are limited to 40,000 units and priced at $14.95 each. The 2010 covers are limited to 32,000 (except for Abraham Lincoln at 37,000) and are priced at $15.95. The previously released 2011 covers are limited to 22,000 and priced at $19.95.
2011 $10 Proof Gold Eagle Sold Out
Yesterday, the individual one-quarter ounce 2011 Proof Gold Eagle was marked as “Sold Out” on the US Mint’s website. Along with the other proof Gold Eagles, this coin originally went on sale April 21, 2011.
The individual one-quarter ounce coins carried a product limit of 16,000. The most recent US Mint’s sales report indicates total sales of 10,381 as of December 27. This suggests that the US Mint did not produce the coins to the extent of the full product limit. The sell out occurred when all of the coins produced had been sold.
The individual one ounce proof coin had previously sold out on October 14. In this case, the US Mint did sell the full 30,000 maximum product limit.
Each of these individually sold out coins still remain available as part of the four coin proof set. Also, the individual one-half ounce and one-tenth ounce coins remain available for sale.
2012 Gold and Silver Eagles
The US Mint will begin accepting orders for the 2012-dated Gold and Silver Eagle bullion coins from authorized purchasers on January 3, 2012. The first day that the coins will be available for pick-up is January 6, 2012. Shortly after this date, the coins will presumably make their way to the broader market.
There are a few interesting changes to note for this year’s initial bullion coin release. As covered on Coin Update, the US Mint does not anticipate that they will need to impose allocation for the 2012 Silver Eagles. In recent years, this allocation program (or rationing) has been used on many occasions when available supplies could not meet full public demand.
With regards to the 2012 Gold Eagles, the US Mint will accept orders for one ounce coins as well as all three fractional weight coins. For the past two years, the US Mint has prioritized the production of the more popular one ounce coins, which has delayed the release of the fractional weight coins.