The latest weekly US Mint sales report published on Coin Update News provides the opening sales figures for the recently released Abigail Fillmore First Spouse Gold Coins. So far, the reduced maximum mintage has failed to inspire materially stronger sales.
From the initial release date on March 18, 2010 through the sales reporting date of March 21, 2010, the US Mint sold 1,824 proof coins and 1,057 uncirculated coins. This makes for a total of 2,881 coins and accounts for 19% of the overall 15,000 maximum mintage. Previous releases of the series had maximum mintages set at 40,000.
I was surprised that the reduced maximum mintage had so little impact on the opening sales figures. When I wrote prior to the release of the Abigail Fillmore coins, I offered the opinion that sales would be stronger than the previous release. This turned out to be true, but not by a material amount.
The opening sales figures for the Margaret Taylor First Spouse Coins were 1,791 proof coins and 1,048 uncirculated coins for a combined total of 2,839. Looking back further, opening sales for the Sarah Polk First Spouse Coins were 1,684 proof coins and 921 uncirculated coins, for a combined 2,605.
At this point, it seems like the First Spouse Gold Coin series has stabilized, with low but steady demand across recent releases. Later in the year, this may change when the James Buchanan’s Liberty and Mary Todd Lincoln coins are released. Whether the popularity of these two issues has an impact on the broader series remains to be seen.
Updated figures were not provided by the US Mint for the Anna Harrison First Spouse Gold Coins. Sales for this offering recently concluded on March 18, 2010. The last reported figures covered sales through March 14, 2010 and showed sales of 3,537 uncirculated coins and 6,250 proof coins. For now, these will remain the last available sales figures.
Check out the full US Mint Sales Report.
America the Beautiful Quarters Unveiling Ceremony
On a separate note, today March 24, 2010 at 12:00 Noon ET, the United States Mint will be unveiling the reverse designs for the first five America the Beautiful Quarters.
The event is apparently only open to members of the media, however, there will be a webcast available online at http://americathebeautifulquarters.gov/webcast . I have been told that this new site will go live about 15 minutes before the start of the ceremony.
I will be back with another post later today to showcase the released designs. For now, you can take a look at the 2010 America the Beautiful Design proposals.