2020 Commemoratives available in 2021??

I don't see the usual “last chance” indicators for commemoratives and other coins on the mint wed site. What gives??

 

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Usually the commemoratives remain on sale until the next years commemoratives come out. For example the Apollo 11 comms remained on sale until the Basketball coins were released and the American Legion coins were on sale until September when the Womens Sufferage coin came out.

They can't strike any more after the end of the year, but they can keep selling until supplies run out, or in the case of the commemorative they tend to end when the new one is released. Look at the 1999 P proof SBA, they had that on sale for 4 years, at which point they had sold 750,000 of them.

 

'Last Chance' don't mean no 'fire sale'.......

 

i found my answer. Check out Section 5c:

https://www.govinfo.gov/content/pkg/PLAW-116publ71/pdf/PLAW-116publ71.pdf

 

I received this 'Last Chance' email from the Mint on 12/4.

 

I don't understand the Mint. They overstock coins/medals or whatever that few people want, but don't make enough for coins people want.

 

I'm with Jim Dale on this one. The mint is also partial to dealers, any leftovers trickle downward to us, if we are lucky!

 

I don't care what Ryder says. He's either got his head in the sand, lying, or doesn't give a hoot!

 

What's not to understand? This seems to be a somewhat typical business model for any government operation.

 

But does "issue" mean strike, or sell? The law already says that coins have to bear the date of the year in which they are struck. This could just be a duplication of that.

Also if we look at Sec 5b of the authorization for the American Legion commemorative of 2019 you will see similar language.
https://www.govinfo.gov/content/pkg/PLAW-115publ65/pdf/PLAW-115publ65.pdf

(b) PERIOD FOR ISSUANCE.—The Secretary may issue coins minted under this Act only during the 1-year period beginning on January 1, 2019.

But these coins remained on sale until Sept 2020. This would seem to imply that "issue" means strike.

What we need it for UncleScroge to go back to that email, follow the link and find out exactly what those last chance items are

 

There are eight options to choose from ...

 

I wouldn't be the first time the US Mint has skirted or outright broken the law - remember the first silver coins?

 

There is also the fact that the law says that coins much bear the date of the year of their striking, but the Mint strikes and stockpiles coins for the upcoming year. They take to position that as long as they don't release them before the date that that is on them they comply with the law.

But the law says the year they are struck, not the year they are released.

 

Well, the mint listed all of the 2020 Commemoratives, as well as other offerings, as SOLD OUT on 12/30. Interesting?? I bet they sold remaining stock to dealers at a discount just like the proof eagles a while back. Can we ever believe the final mintage figures they publish??

 

Very much depends on the law.

Sometimes it says they can only be sold for the year ending 12/31/nnnn. Sometimes it hasn't.

The ASE is an interesting story as told by the mint. Instead of trashing the leftovers at considerable expense for "de-trashing" (removing the valuable silver from the trash), they sold them for more money than they would have gotten as trash.

It just so happens that the buyers were able to make more money selling them as-is instead of pulling out and melting the silver and trashing the rest.

Shades of the 2000s and waffled coins until the mint changed the contracts.

I guess it remains to be seen what they did with the extra commems. If they put them into the holders and boxes already, then the ASE scenario would probably hold. If they just have boxes & holders, trash...

 

Whatever they do, I would rather not get a special minted coin than buy it from dealers.

 

Because very few people want things with high mintages. The mint has done a great job of trying to catch up to the major mints of the world and actually doing exciting things

 

Yes it is. That is the first time I have seen them do that with the commemoratives. Be interesting to see the next set of sales figures. I have been following the Unc Women's suffrage dollars and as of the last report they were holding at the second lowest mintage, 12,330. Just barely higher than the Boys Town at 12,312.

 

Me too - 12,625 sold as of January 3rd per Mint website

 

What about the Mayflower coins? I assume they are all sold out however, there are quite a few on ebay, jacked up, as usual.