New 2012 Presidential $1 Coin Products, Arthur Dollar Scheduled

by Mike Unser on March 22, 2012 · 13 comments

2012 Presidential $1 Coins

These 2012 Presidential dollars will be available in four newly created U.S. Mint products

Confirming a public notice released in January, the United States Mint on Wednesday announced four new Presidential $1 coin products and also revealed an April 5, 2012 release date for rolls of Chester A. Arthur dollars.

The product news carries extra weight this year since it is the first in which Presidential coins will not be released into circulation and available from local banks. This is due to an order from the Treasury Department which terminated $1 coin production for all but numismatic purposes. U.S. Mint products will be the single originating source for any new dollar coins dated 2012 and beyond.

As for the Mint announcement, the four new coin products and their prices include:

  • Presidential $1 Four-Coin Set for $9.95
  • Presidential $1 Coin 100-Coin Bags for $111.95
  • Presidential $1 Coin 250-Coin Box for $275.95
  • Presidential $1 Coin 500-Coin Box for $550.95

The four-coin set is an obvious addition as it will package together the four 2012 Presidential dollars. Those include designs honoring former Presidents:

  • Chester A. Arthur
  • Grover Cleveland (first term)
  • Benjamin Harrison
  • Grover Cleveland (second term)

The Arthur dollar will be the first in the series to appear within the new 100, 250, and 500-coin bag and box products, but their release dates are yet to be determined. Rolls of Chester Arthur dollars minted from either Denver or Philadelphia will be released on April 5 at a price of $32.95 each, which is $7 less than last year.

As Presidential coins are now minted only for collectors, their mintage levels become all-the-more watched. The U.S. Mint has produced a total of 5.74 million Chester Arthur dollars, with 2.8 million from Denver and 2.94 million from Philadelphia. These are the lowest levels for any of the coins going back to their introduction in 2007. (As a perspective, last year’s Andrew Johnson’s dollar had previously held the scarcest mintage title with a combined 2011-D and 2011-P mintage of 72.66 million.) The next three 2012 dollars are likely to have similar mintages of 5-6 million just for consistency. But if sales are low for the new bag and box products, mintages could be trimmed significantly going forward.

In addition to the new products, the U.S. Mint will release its traditional annual sets that also contain dollar coins, including:

  • Presidential $1 Coin & First Spouse Medal Set for $9.95
  • American Presidency $1 Coin Covers for $19.95
  • Presidential $1 Coin Proof Set for $18.95 and scheduled for release on April 24
  • Presidential $1 Coin Uncirculated Set for $16.95 and scheduled for May 1
  • 2012 Proof Set for $31.95 and scheduled for release on May 7
  • 2012 Mint Set for $27.95 and scheduled for May 21
  • 2012 Silver Proof Set® for $67.95 and scheduled for release on June 4

These release dates and prices are subject to change. When available, the products will be offered directly on the U.S. Mint website at http://www.usmint.gov/catalog or by calling 1-800-USA-MINT (872-6468).

{ 13 comments… read them below or add one }

george glazener March 22, 2012 at 10:23 am

Finally, the deputy director has woken up and opened the flood gates.

RonnieBGood March 22, 2012 at 1:04 pm

Title it, ” Seven ways to buy a worthless coin! “

lARRY DuPreey March 23, 2012 at 12:33 am

The Presidential Dollar coins will never be worth the price of having a coin graded.I have a set of Presidential dollars that are graded Proof 70 ultra cameo .2007 S–2011S $ 45.00 They sell at the Coin shops for $99.95 Per set but they are only worth about $70.00 graded proof 70 U.C.

lARRY DuPreey March 23, 2012 at 12:47 am

These Coins will never be worth anything. This is the first set of coins in the last 75 years that will be woerthless. A set of Proof 70 Ultra Cameo is worth about $45.00 They will always be junk including the Mint State Coins. M.S.67 Set worth about $175.00 Set.

Vachon March 23, 2012 at 7:22 am

The Republicans need to think ahead. If they get a bill passed and signed into law ending the $1 bill in favor of the $1 coin, the backed-up supply of current dollars should be exhausted just in time for President Reagan’s dollar coin to be produced in large numbers.

george glazener March 23, 2012 at 7:26 am

I hope this doesn’t sound harsh, but based on that well-thought out assessment, I really REALLY urge you NOT to buy them. I know it will be hard, but when they become available on 5 April, just clench your teeth and resist the temptation to place your order with the US MINT for these rotten nasty Presidential Dollar Coins. Leave this filthy and horrible junk to the true collectors who actually appreciate them.

RonnieBGood March 23, 2012 at 9:15 am

Yes, They belong next to the sets of Susan B. Anthony and Native American $1 coins. Collectors and Time will be the ultimate judge of value…

george glazener March 23, 2012 at 12:25 pm

Ronnie;
Did I read on one of these forums that you have an eBay store?
May I have the link please?

Jim March 23, 2012 at 6:44 pm

George is right – these coins are for collectors, not for investment. If you’re worried about value you shouldn’t be buying from the mint anyway.

Shannon3095 March 23, 2012 at 6:48 pm

I was wondering what coins would any of u recommend for someone to buy as a investment, coins that might actually be worth more than the face value in 5-10 years. I have a few thousand to start with.

george glazener March 23, 2012 at 10:10 pm

Shannon, I’m no expert, but what I’ve learned is to read articles and forums such as this one and try to ascertain what appear to be short print releases from the MINT. Good example is last years ARMY Clad half dollar commem, which caught many folks by surprise. Follow the Wednesday sales tallies on this website and see what’s least produced, esp in silver. Ask your local bank for rolls of Kennedy halves that may have come in. Those are always worth more than FV, and you just might find a 1964. UNC commems from the US MINT are usually minted in lesser quantity than the Proof, so maybe swing that way. Strong patriotic themed commems like this years star spangled banner commem usually stay popular, as do rolls the more popular Presidents. Ask your bank for rolls of the President Coins. US MINT Silver proof sets are generally wise to get, and think about getting some 1964 Kennedy half dollars real soon. I also think Ike dollars are undervalued, esp the silver proofs from 71-74. And last but not least, ask your bank for straps of new money(cash). If you can get 100-count straps of ones or fives, those are always worth more than face value on ebay…..

RonnieBGood March 24, 2012 at 11:44 am

Shannon,
George is on track. In addition:
Gold and Silver coins have the greatest chance of appreciation over time. Stay with certified coins from NGC and PCGS. These are the most trusted in the industry. Buy Mint State (MS) or Proof (PF) 69 and 70’s only. A 70 is the highest grade given to a coin and again has the highest chance of appreciation over time. The low mintages are key. Follow what George says on this. The best chance of appreciation is to purchase directly from the US mint’s website. Clad coins do increase in value, however, they rarely move significantly enough for those interested in investing verses collecting. With regards to paper money look for “Star” bills. These are replacement bills that have a “star” in the serial number. Search on-line for more information on this. I am member of both ANA and NGC, however, I would prefer to provide any further detail outside of this forum. I wish you the best of luck!

FutureUser March 29, 2012 at 2:58 pm

Dollar Coins, Susie’s, and NA’s are my favorites…. I’ve got a nice little collection built up, for only a tiny fraction over face value. Every time I get them in change, I swap out the best of the change for the worst of my prior collected ones. I hope they’re worth something someday…. No metal value, of course. Maybe there will be a sudden decision to melt down all the ones in storage, or there will be a law passed to replace the paper $1 with the coin. I suspect that would cause a little appreciation.

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