Up to date mintages or production figures

see links added before you replied

 

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when the u.s. mint set the prices for AGE gold series at those prices stated. certainly the mint will adjust price increases for AGB and first spouse by $50.00 and $25.00 respectively.

 

Precisely

 

Elaine, I believe that I mentioned that I am an accountant, and I have some accounting type questions about when the US Mint counts a sale that I hope you or someone else can answer.

I subscribe to Silver proof sets. The first weeks sales figures of 241,000+ was released before I received notice that the mint shipped my set or charged my credit card.

Let's say I go online and order a coin from the Mint. The Mint take several weeks to process and ship the order. The Mint then charges my credit card. The sales figures that you report, I presume are from the Mint. Does, the Mint (a)count the sale when they take the order and reserve the coin in my name, or (b) count the order when the coin ships, or (C) count the sale when the Mint actually charge my credit card?

You were mentioning that you felt that the Buchanan FS coin might be a sellout. Depending on how the Mint counts sales we might not know how many coins were ordered for several weeks.

On an issue like the First Spouse where it is limited to a total of 15,000 coins for both BU and proof, does the Mint manufacture the coins After they receive the order or produce the coins and sell from on hand inventory. How would the Mint know how many proofs to make vs BU coins and still remain under the 15,000 limitation?

Thanks in advance for all positive assistance.

 

DAVE: Not sure if you subscribe to these or not but you can get updated mintage (sales) figures, which are published by the Mint, from: the CDN Greysheet (purchase subscription only), free e-newsletters from: MintNewsBlog.blogspot.com, CoinNews.net, NumisMaster, and Coin Update, to list a few. Coin World also gathers the mintage (sales) figures but you must pay to subscribe, hard copies or electronic editions. Also the US Mint web site publishes production figures here.

You are correct that true sales are not known for several weeks, some coins mintages are not 'accurately' known for a few years. The Red Book, due to advanced data collection for publishing (printing) schedules, do not print recent years mintages, often for 2-4 years back. The web resources are probably the most accurate and timely way now to keep up to date but are very difficult to gauge for precision.

The Mint produces coins according to coin legislation (see Presidential Coin Act of 2005*) not by demand of customer orders. They begin producing inventory before the coins are announced to go on sale and production continues until the end of the year of issue or the allowed mintage is met, or coins are sold out. By law, coins are only to be produced in the year in which they are minted for, although preparation and production of the next years coins usually begins in the last two months of the year ahead of schedule (against the law), although inventory may be left on sale beyond the issue date (dates on the coin) beyond that year and until all units have been sold-- although typically many bullion issues are pulled when the next years coins release. There are many factors that offset accurate reporting of mint sales vs actual knowable mintage.

*"An act to require the Secretary of the Treasury to mint coins in commemoration of each of the Nation's past Presidents and their spouses, respectively, to improve circulation of the $1 coin, to create a new bullion coin, and for other purposes."

Hope some of this helps you along and if you learn any more about how the Mint gathers their sales/mintage data, do let us know!

 

Krispy, Thank you, but what I am trying to understand is how often the Mint releases sales info and if the data that we are using based on actual shipments from the Mint (an accounting cut off) or is it based on orders, or cash receipts? I also appreciate that the Mint accepts returns which have an impact on "final" sales.

So you are saying that the Mint produces coins and places them in inventory awaiting orders. If the produced coins do not sell, or the total exceeds the congressional maximum (15,000 total for both BU and Proof for FS), then the Mint melts the excess inventory?

 

Hey, you took post 1970. Shouldn't we have saved that for elaine?! (I hope she doesn't take 2029 out of spite)

 

I understood what info you wanted but I think that's the $64,000 question apart from the frequency you can detect reports get published by the sources I gave earlier. I'd love to know the same info you are after, sorry I do not know myself.

Production begins to ramp up in the months prior to a published release date, and continues throughout the year as orders are placed and demand continues or until a particular mintage is met according to coin legislation. The product stays on sale until sold out or in the case of special coins, like AGBs, FS for instance, the next coin is released. Look through the catalog now and you can still find 2009 issues of certain mint products but you will find 2009 AGB were removed just prior to the release of 2010s. Now the last part about melting unsold inventory seems to be a gray area. I argue they can and do liquidate bullion coins and commemorative coins through the Mint's authorized purchasers (the bullion dealer network) while others disagree with which products the bullion dealers are obliged to take to liquidate prior years coins, suggesting they only must takes Eagle coins.

 

August Bullion Sales Fall, US Mint to Offer 2010 Proof Gold Eagles from news.coinupdate.com [9/7/2010]

 

Hello all...
I searched for 2010 Lincoln cent mintages and could not find up to date info.
Does anyone have the current count for the P and D regular circulation cents for 2010?
Thanks in advance.

 

Check the reported production chart on the US Mint's web page here: Coin Production Figures

 

Thanks a lot Krispy.
Didn't know you could do that!
Learn something every day I guess.

 

You are very welcome.

 

2010 bullion AGE unc one ounce - 842,500
2010 bullion ASE unc one ounce - 24,265,500
2010 bullion AGB unc one ounce - 206,000

 

2010 bullion AGE unc one ounce - 845,500
2010 bullion ASE unc one ounce - 24,645,500

 

a continued slowdown on bullion sales...

 

2010w amercian bufflao one ounce gold proof - 31,896
2010 bullion american buffalo one ounce gold unc - 206,000

 

2010 bullion unc AGE one ounce gold - 855,500

 

2010 Unc. AGBs have surpassed 2009 level of 200,000

2010 Pr. AGBs are yet to catch 2009 level of 48,396 table { }td { padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Verdana; vertical-align: bottom; border: medium none; white-space: nowrap; }.xl24 { font-weight: 700; }ruby { }rt { color: windowtext; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Verdana; display: none; }

 

2010w amercian bufflao one ounce gold proof - 31,896
2010 bullion american buffalo one ounce gold unc - 207,500