A new line of Presidential $1 Coin products are in store for 2012 while all but one of the existing products will have their prices lowered. (Jump to table of Presidential product changes.)
The news comes from a document the United States Mint had published Friday on the Federal Register, the official source for notices by government agencies.
Ranging from $1 to $7, price reductions include the dollar-filled medal sets, coin covers, proof set and uncirculated set.
Added products include options for ordering the dollars in bags and boxes in quantities of $100, $250, and $500. These were likely added to help in distributing the coins to collectors since new issues will no longer be available through Federal Reserve Banks, and thus local banks and stores. Promoted as a part of President Obama’s Campaign to Cut Government Waste, Treasury Secretary Geithner in December had the U.S. Mint halt circulating dollar production since $1.4 billion of them have been stockpiled in Federal Reserve vaults.
Another numismatic 2012 product addition is a five-coin set which will presumably contain the four 2012 Presidential dollars and the 2012 Native American $1 Coin. The price for the five-coin set is listed at $12.95.
2012 Presidential Product Changes – New Offerings and Prices
|2012 Presidential $1 Coin Products||New?||Price||Price Cuts*|
|Presidential $1 Coin & First Spouse Medal Set||No||$9.95||-$5|
|American Presidency $1 Coin Cover Series||No||$19.95||-|
|Presidential $1 Coin Proof Set||No||$18.95||-$1|
|Presidential $1 Coin Uncirculated Set||No||$16.95||-$3|
|Presidential $1 25-Coin Rolls||No||$32.95||-$7|
|$1 Coin Five-Coin Set||Yes||$12.95||n/a|
|Presidential $1 Coin 100-Coin Bags||Yes||$111.95||n/a|
|Presidential $1 Coin 250-Coin Box||Yes||$275.95||n/a|
|Presidential $1 Coin 500-Coin Box||Yes||$550.95||n/a|
*Differences are based on 2011-2012 prices.
Aside from the Presidential $1 Coin Proof Set which is expected to launch on February 23, release dates for the other products have yet to be published by the Mint. The designs and images of the 2012 dollars were only revealed Thursday. This year’s dollars honor Presidents:
- Chester Arthur,
- Grover Cleveland (first term),
- Benjamin Harrison, and
- Grover Cleveland (second term)
Given the Mint’s historic pattern of issuing other coin rolls and bags, it seems likely that the 2012 dollar rolls, bags and boxes will have staggered launches corresponding to the previously planned $1 circulation dates — the release dates published prior to the dollar’s aforementioned production suspension. If so, the Chester Arthur products would be released on February 16, the first term Grover Cleveland products on May 17, the Benjamin Harrison products on August 16 and the second term Grover Cleveland products on November 15.
This year is the sixth for the Mint’s program of Presidential $1 Coins. The series launched in 2007 as a means to honor former Presidents of the United States. At a rate of four releases each year, twenty Presidents have already been celebrated by the order in which they served.
A complete listing of all American Presidents to be honored is available from the United States Mint release schedule.