CentDime

Monday, November 10, 2008
Mint cuts bullion products drastically
Posted by Dave

Stores have clearance sales. Now the U.S. Mint will have one too.

Starting at 12:01 a.m. Nov. 15, the Mint will be offering hundreds of current and past products to collectors to clear out their two current fulfillment centers in preparation for moving to a new one in Plainfield, Ind.

The news confirms online speculation that some Mint collector versions of bullion coin products will not be offered again. However, the extent of program terminations perhaps surprises.

Uncirculated platinum American Eagles with the “W” mintmark in all sizes end with this year’s coinages.

American Eagle platinum proofs come to an end, too, except for the one-ounce coin.

Uncirculated gold American Eagles will be discontinued except for the one-ounce size.

All American Buffalo uncirculated “W” collector versions will be ended.

Proof American Buffalo gold coins will be stopped also except for the one-ounce coin.

Other terminated products include new ones like Presidential dollar Signature Sets and the proof Presidential dollars sold individually.

Old ones, like state quarter First Day Coin Covers and Greetings from America Portfolios and Card Sets, are coming to and end after the 10-year program concludes.

Mint Deputy Director Andrew D. Brunhart says of the clearance sale, “It will be limited time. First come, first served. No household limits. All sales will be final. If you’re wondering, we won’t exceed any Mint limits.”

The sale will conclude at 5 p.m. Dec. 19, but some products are likely to be gone well before then.

Of those that don’ sell, Brunhart says, “We’re going to be doing a significant detrashing and melting (of) the products that do not sell by Dec. 19. Those products will be immediately broken down and sent to the melter.”

The clearance sale is part of a major re-evaluation of the Mint’s product line. Brunhart says the product offerings will be reduced from more than 550 available in 2008 to roughly 200.

Leftover 2008 products will stay on sale until June, when they will get the same detrashing and melting treatment.

“From now on at the end of each year, we will examine our portfolio to make sure the warehouse is not stuffed with products they (Mint customers) don’t want,” Brunhart says.

“We’re undergoing a significant renewal of our numismatic portfolio in 2009. We have too many products. We have heard loud and clear from our collecting community. We are responding to that. We will be focusing our resources on key products (with the) broadest appeal.

“Fewer products to concentrate on will enable us to bring out and offer much earlier in the calendar year our key products.”

The benefit to collectors will be earlier release of hobby favorites.

Brunhart says, four of these, proof sets, silver proof sets, uncirculated sets and silver Eagles (will be offered) in January of each year.”

Below are the complete lists of discontinued and last chance products:

Discontinued Products

United States Mint Presidential $1 Coin Historical Signature SetsTM
United States Mint Presidential $1 Coin – Individual Proof CoinsTM
American Eagle Platinum Uncirculated Coins (all options)
American Eagle Platinum Proof 1⁄2, 1⁄4, 1/10, and Four-Coin Sets
American Eagle Gold Uncirculated 1⁄2, 1⁄4, 1/10, and Four-Coin Sets
American Buffalo Uncirculated Gold Coins (all options)
American Buffalo Proof 1⁄2, 1⁄4, 1/10, and Four-Coin Sets
50 State Quarters® First Day Coin Covers (continue through 2008)
Greetings From America Portfolios and Card Sets
Coin and Die Sets
Collectible Spoons


Last Chance Product Listing

Annual Sets
2007 United States Mint Proof Set®
2007 United States Mint 50 State Quarters Proof SetTM
2004 United States Mint Uncirculated Coin Set(R)
2006 United States Mint Uncirculated Coin Set®
2007 United States Mint Uncirculated Coin Set®
2007 United States Mint Silver Proof SetTM
2007 United States Mint 50 State Quarters Silver Proof SetTM
50 State Quarters® Bags & Rolls
Wisconsin Two-Roll Set
Minnesota Two-Roll Set
Minnesota 1,000-Coin Bag (P)
Minnesota 1,000-Coin Bag (D)
Oregon 1,000-Coin Bag (D)
Colorado 100-Coin Bag (P)
Nebraska 1,000-Coin Bag (P)
Nebraska 1,000-Coin Bag (D)
Nebraska 100-Coin Bag (D)
Colorado 1,000-Coin Bag (P)
Colorado 1,000-Coin Bag (D)
North Dakota 100-Coin Bag (D)
North Dakota 1,000-Coin Bag (D)
South Dakota 100-Coin Bag (D)
Montana 1,000-Coin Bag (P)
Wyoming 100-Coin Bag (P)
Wyoming 1,000-Coin Bag (P)
Wyoming 100-Coin Bag (D)
Wyoming 1,000-Coin Bag (D)
Utah Two-Roll Set
Utah 1,000-Coin Bag (P)
Utah 1,000-Coin Bag (D)
Oklahoma Two-Roll Set
Oklahoma 100-Coin Bag (P)
Oklahoma 100-Coin Bag (D)
Oklahoma 1,000-Coin Bag (P)
Oklahoma 1,000-Coin Bag (D)
New Mexico Two-Roll Set
New Mexico 100-Coin Bag (P)
New Mexico 100-Coin Bag (D)
New Mexico 1,000-Coin Bag (P)
New Mexico 1,000-Coin Bag (D)
Arizona Two-Roll Set
Arizona 1,000-Coin Bag (P)
Arizona 100-Coin Bag (D)
Arizona 100-Coin Bag (P)
Arizona 1,000-Coin Bag (D)
Other Bags & Rolls
2001 Sacagawea Golden Dollar Roll (P)
2001 Kennedy Half-Dollar 200-Coin Bag
2001 Kennedy Half-Dollar Two-Roll Set
2002 Sacagawea Golden Dollar 2000-Coin Bag (P)
2002 Sacagawea Golden Dollar 2000-Coin Bag (D)
2003 Jefferson Nickel Two-Roll Set
2004 Sacagawea Golden Dollar 2000-Coin Bag (D)
2005 Ocean in View Nickel 1,000-Coin Bag (P)
2005 Ocean in View Nickel 1,000-Coin Bag (D)
2005 Sacagawea Golden Dollar 2000-Coin Bag (P)
50 State Quarters® First Day Coin Covers
New Jersey
Georgia
Connecticut
South Carolina
New Hampshire
Virginia
New York
North Carolina
Rhode Island
Vermont
Kentucky
Tennessee
Ohio
Louisiana
Indiana
Mississippi
Illinois
Alabama
Maine
Missouri
Arkansas
Michigan
Florida
Texas
Iowa
Wisconsin
California
Minnesota
Oregon
Kansas
West Virginia
Nevada
Nebraska
Colorado
North Dakota
South Dakota
Montana
Washington
Idaho
Wyoming
Utah
Presidential $1 Coin Coin Covers
George Washington
John Adams
Thomas Jefferson
James Madison
50 State Quarters® Coin & Die Sets
North Carolina (P)
Rhode Island
Tennessee (D)
Maine (D)
Iowa (P)
Oregon (P)
Nebraska (D)
Nebraska (P)
Colorado (P)
North Dakota (D)
North Dakota (P)
South Dakota (D)
South Dakota (P)
Montana (D)
Montana (P)
Washington (P)
Idaho (D)
Idaho (P)
Wyoming (P)
Wyoming (D)
Utah (D)
50 State Quarters® Collector’s Spoons
Iowa
West Virginia
Nevada
Nebraska
Colorado
North Dakota
South Dakota
Montana
Washington
Idaho
Wyoming
Utah
Oklahoma
New Mexico
Arizona
50 State Quarters® Greetings from America Series
1999 Card Set
1999 Portfolio
2000 Card Set
2000 Portfolio
2001 Card Set
2001 Portfolio
2002 Card Set
2002 Portfolio
2003 Card Set
2003 Portfolio
2004 Card Set
2004 Portfolio
2005 Card Set
2005 Portfolio
2006 Card Set
2006 Portfolio
2007 Card Set
2007 Portfolio
Card Set Album
Portfolio Album
Westward Journey Nickel Sets
2004 Westward Journey Nickel SeriesTM Coin Set
2006 Westward Journey Nickel SeriesTM Coin Set
Special Sets
50 State Quarters® And Euro Coin Collection
Official Coin Collecting Starter Kit

CentDime

This should sell out fast for bullion.

elaine 1970

if i still have some money on hand. i will buy these products:

2001 sac (p) roll
2002 sac (p) 2000 coin bag
2002 sac (d) 2000 coin bag
2003 jefferson nickel two roll set
2004 sac (d) 2000 coin bag
2005 sac (p) 2000 coin bag
2004 westward nickel set
2004 unc set
2007 proof set
2008 am eagle gold (w) 4 coin set
oklahoma (d) 1000 coin bag

CentDime

With the drop of many offerings the remaining products should have higher sales so 2008 could be a low year mintage, not to mention many of the products series have ended so they are completed sets. This will change how the coins are in the aftermarket pricing is my guess and those that purchased will do well with these ended products as investments.

elaine 1970

i don't think these products will have good results as to the future prices. if the mint just announce close for selling all these products. then that's good. but to sell all these products at additional mintage to already existing prices and sales figures. the prices instead will drop heavy.

elaine 1970

these products might have a lot of returned goods. damage and problem coins. beware....

CentDime

They still have a return policy which should last beyond the sell-out if it happens.

Conder101

I have to admit I'm surprised they dropped the fractional buffalos after less than a years production. Have sales been that bad?

__________________
Slab collector and researcher
reported as of 12/29/06
132 companies 332 production varieties

elaine 1970

world wide economy problem and recession. certainly coin market is affected.

elaine 1970

let's let the mint to clear all unwanted stuffs. don't buy them. let those coins send back to smelters and recycle it.

green18

Where is this source of information....other than Dave?

__________________
They also serve who only stand and wait....John Milton

dman

All I found is this http://usmint.gov/pressroom/index.cf...release&ID=955 but no specifics.

Personally, I hate that they're getting rid of the fractionals. I can't afford all those 1oz coins. With this, the mint has significantly cut the amount of money they'll get from me!

RickieB

For what it is worth....buy the Platinum Uncs/Proofs!
My opinion only...


RickieB

__________________
"A disordered currency is one of the greatest political evils" Daniel Webster....
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U.S.M.C. 1972-1975

elaine 1970

now i think four products is good to buy:

namely -
2004 sac dollar 2000 coin bag
2004 uncirculated set
2007 proof set
2008 american eagle unc gold (w) four coin set.

elaine 1970

no prices listed yet.. hard to buy it.