U.S. Mint's Weekly Sales & Production Reports

I think I know what you're saying and this is what White's office is supposedly looking into. The category does say circulating only and the mint differentiates between circulated and uncirculateds in mints sets. The site once spelled out that mint products, including mint & proof sets are not included in the circulating numbers, but it's silent at this point. I'd say bsaed on the 2013 NA sales and reported production, the 2013 numbers only include circulations quality and no mint or proof set numbers

 

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Both those links report just over 568 million quarters struck in 2012. The second link includes coins of all denominations combined to total 9.3B+.

 

Yes, makes since for your last link, lots of different packaging for the same coin. But, for the circulating Native American dollars, the only option to purchase them are the rolls, bags and boxes that total 1.7M each for P&D, not the reported 3M of each.

 

I'm not sure if they count in the total, but the P & D Sacs are also available in the 2013 mint sets. It adds another 350k to the mix.

 

Not supposed to be, as the mint calls the mint sets uncirculated and the rolls circulating quality. In the past and future, the mint sets have not been included. Even if you did include the mint sets, it would not explain the difference. The bottom line is, you can look at many different issues and years and find the sales do not equal the stated mintage - others are not off as much as the 2012 NA Dollars. Mint News Blog & Coin Update have both asked the mint what happens to the excess minted, but not sold and have only received a "I dunno" from the mint.

 

Coin World or the mint or both wrong again. Coin World reported today (2/3/2014 issue) that sales of the 2013 Kennedy Halves soared this year to just about double the 2012 sales. However, this is not the case according to U.S. Mint reports. Yes, 2013 production almost doubled from 2012, but 2013 sales are still less than 2012, well below what the mint reports as produced. So, the real question is why so many 2013 halves produced when sales do not support this level of production?

 

You just did

 

Slow day at work today being a holiday. I am off to the book store to get me 2014 Red Book.

 

Yep, that's the only option the mint gives, wait. I don't know though, seems it's gotten worse in recent years. Still waiting for reconciled 2012 Native American Dollar numbers, which are off more than usual and now the 2013 Kennedy numbers. Since the mint has "evolved" to targeting collectors and both of these coins are collector only issues, sure would be nice if they were accurate with mintages and sales, two of the most important numbers to collectors.

 

Possibly the federal fiscal year has impact upon reporting. The 2013 Fiscal Year began October 1, 2012 and ended September 30, 2013. I also realize that minting of Kennedy halves tends to occur in just one month or possibly during slower periods in the US Mint's daily production schedule since the demand for this coin comes solely from the numismatic community.

 

Well, I got my 2014 Red Book today!

 

The fiscal year shouldn't have an affect on the weekly report, as the sales are update weekly and specific to the year and issue (i.e. 2013 Kennedy Halves or 2012 NA Dollars). If you were looking at the mint's fiscal year end income statement, the numbers would be off.

Yes, early in the year it was reported that the mint made about 1.7m of each P&D. Toward the end of the year they updated the mintage by just about doubling it. One publication speculated that they actually made 2014's, gearing up for the anniversary set. But, the weekly report does say they are 2013's and apparently the mint told Coin World the increased mintage was due to increased sales, which aren’t there [in the weekly report].

 

I was thinking that they sold a bunch of half's during the 50th anniversary of his assassination. It seemed to rekindle a lot of news and new books in the autumn of 2013 and may have inspired some sales. I'm unsure of the reason for the discrepancy in the SACs. It seems like they would know the exact amount of production (minted minus quality rejects during minting minus rejects after returns), and the exact amount of sales (sales minus returns). Every good business would have these systems in place and should be able to report them daily if not weekly.

 

Definitely! Makes since for the Kennedy's, but the supposed sales are not reported in the mint's weekly sales reports.

 

Well, weekly numbers matter because they are indictors of a mintage that may be low or even the lowest (for the time being), which would give a temporary or permanent boost to the aftermarket price. They matter more toward the end of a program, as that's when one may want to stock up on that issue.

For the 2012 NA Dollars, which are supposedly the final sales/mintages, they matter because at 1.7M sales each P&D, they would be the lowest Sac/NA Dollar, which is lower than the previous lowest 2008's which sell for around $100/roll, but at almost double that they are not worth stocking up on. The same scenario is true for the 2013 Kennedy's, 1.7M is a much lower mintage than more than double that.

Regardless of whether one appreciates these coins/mintages, can't the mint be accurate in reporting sales/mintages? These days they are targeting collectors to support their operations. It's not like the old days, when the mint considered collectors a pain and preferred not to produce collector coins.

 

I love the link, SQG! Thanks for posting it!


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