The introductory pricing for the 2011 Medal of Honor Commemorative Coins will only be in effect for a few more days. After March 28, 2011 at 5:00 PM ET, the prices for each of the available gold and silver coins will be increased.
Modern commemorative coins have typically been offered by the United States Mint at reduced prices during a pre-issue or introductory period. At the end of the period, regular pricing goes into effect.
The extent of the price increase after the introductory period has varied by program and denomination. Last year, the commemorative silver dollars increased in price by $2 for unciculated versions and $4 for proof versions. The last time commemorative gold coins were available in 2008, prices increased by $25 per coin.
For the Medal of Honor Coins the increase will be a consistent $5 increase across all options. This will make the change more significant on a percentage basis for the silver dollars. The introductory pricing and the regular pricing effective after 5:00 PM ET on Monday is shown below.
|$5 Gold Proof||$ 449.95||$ 454.95|
|$5 Gold Unc||$ 439.95||$ 444.95|
|Silver Dollar Proof||$ 54.95||$ 59.95|
|Silver Dollar Unc||$ 49.95||$ 54.95|
The pace of sales for commemorative coins usually seems to drop off to a base level after the end of the introductory period. So far, sales levels for Medal of Honor coins have been somewhat tepid as compared to other issues from recent years. This could be the impact of the higher prices, the increased number of commemorative coins for the current year, the general decline in the US Mint’s customer base, or a combination of the factors.
Sales figures through March 20, 2011 are shown below.
|$5 Gold Proof||9,958|
|$5 Gold Unc||3,862|
|Silver Dollar Proof||61,906|
|Silver Dollar Unc||26,247|