2012 Annual Uncirculated Dollar Coin Set Available

by Rhonda Kay on September 6, 2012 · 23 comments

Released today, September 6, was the 2012 Annual Uncirculated Dollar Coin Set from the United States Mint.

US Mint 2012 Annual Uncirculated Dollar Coin Set

U.S. Mint promotion image of its 2012 Annual Uncirculated Dollar Coin Set

Containing six one dollar coins from three different U.S. Mint facilities, all legal tender but each having different designs, the distinctive annual set is back after a three-year hiatus.

Sales began at 12:00 noon ET and started with a price of $54.95, which is $17 more than the cost of the last set that was issued back in 2008.

This year’s Annual Uncirculated Dollar Coin Set features the following six uncirculated quality coins:

  • 2012-P Chester Arthur Presidential $1 Coin from Philadelphia
  • 2012-P Grover Cleveland (first term) Presidential $1 Coin from Philadelphia
  • 2012-P Benjamin Harrison Presidential $1 Coin from Philadelphia
  • 2012-P Grover Cleveland (second term) Presidential $1 Coin from Philadelphia
  • 2012-D Native American $1 Coin from the Denver
  • 2012-W Uncirculated American Eagle Silver Coin from West Point

Obviously, the one troy ounce of 99.9% pure silver found in the 2012-W Uncirculated American Silver Eagle was the main catalyst in driving up the cost of the set, since the set’s total face value is just $6. Ironically, the set could have been priced higher. A U.S. Mint public notice announcing the set’s $54.95 price was dated August 28, 2012. At that time, silver was fixed in London at $30.81 an ounce. Today, silver is valued higher as the latest London fixing is at $32.87 an ounce.

Collectors appreciate uncirculated coins because they are struck with greater force to produce more detail than standard, business quality strikes intended for general circulation. Uncirculated coins are not produced for commerce, only for coin collectors.

The six coins in the 2012 Annual Uncirculated Dollar Coin Set are mounted within a durable folder that lists brief descriptions of each coin enclosed. A Certificate of Authenticity is displayed on the back of the folder.

Order Information

Customers wanting to purchase the 2012 Annual Uncirculated Dollar Coin Set may order directly from the United States Mint website located here, or call toll-free at 1-800-USA-MINT (872-6468). There are no household ordering limits.

Dollar Coin Designs

Reverses of 2012 Presidential $1 coins within the set depict portraits of Presidents Chester Arthur, Grover Cleveland (1st term), Benjamin Harrison and Grover Cleveland (2nd term). A rendition of the Statue of Liberty is common to the reverses.

Showcased on the reverse of the Native American $1 Coin is a profile image of a Native American and horse, representing the theme of "Trade Routes in the 17th Century." An image of Sacagawea and her baby is on the obverse.

Finally, for the 2012-W Uncirculated American Silver Eagle, the obverse shows Weinman’s "Walking Liberty" design and the reverse depicts the heraldic eagle with shield. Unlike the other five coins in the set, these two designs have been the same on the American Silver Eagle since its debut in 1986.

Final American Silver Eagle

As a side note, the set is the last U.S. Mint product scheduled to launch in 2012 with an American Silver Eagle. Past products that included collector Silver Eagles were:

  • the individually sold 2012-W Proof American Silver Eagle that debuted in April,
  • the 2012-S American Silver Eagle San Francisco Two-Coin Proof Set that opened in June and featured a proof and a reverse proof Silver Eagle from San Francisco,
  • the individual 2012-W Uncirculated American Silver Eagle that was released in August, and
  • the Making American History Coin & Currency Set having a 2012-S Proof Silver Eagle and also launching in August

There is also, of course, the investment-grade bullion American Silver Eagle that made its sales debut in early January.

{ 23 comments… read them below or add one }

Joe September 6, 2012 at 7:30 pm

Same price as the 2012 W Proof Silver Eagle. Not a bad deal with the five extra coins.

jim September 6, 2012 at 11:55 pm

Actually the unc SAE is $45.95. That plus the 5 $1 coins comes out to $50.95 so you’re paying an extra $4 just for the packaging. But then who knows how the mint figures the prices for these coins since they don’t publish that information.

jim September 6, 2012 at 11:56 pm

I still think it’s a nice set for unc collectors and that there’s a market for a similar proof $1 set too.

Joe September 7, 2012 at 1:21 am

2012 Annual Uncirculated Dollar Coin Set is $54.95. The 2012 W Proof Silver Eagle is $54.95 all by it’s self. So you get a 2012 W unc Silver Eagle, + 5 coins with the 2012 Annual Uncirculated Dollar Coin Set for $54.95. I should have explained myself better. Still a good deal for a W* Silver Eagle & 5 golden coins.

Joe September 7, 2012 at 1:35 am

Oh ya where can I get a set for $50.95?

jim September 7, 2012 at 9:48 am

You have to deal in volume. Buy lots of unc SAEs from the mint, rolls of the 4 presidents and NA $1 at your local bank, and build your own sets. You pay a premium for the SAE from the mint but the 5 $1 are even trades. You’d have to build 25 sets (since a roll is 25 coins) but the cost for a single set would be $45.95 + $5. Didn’t say it was easy or cheap to do, but still possible. Or you can let the mint do all the work plus put it all in a nice little package for $4.

RonnieBGood September 7, 2012 at 11:41 am

Don’t forget the $4.95 for shipping from the Mint… lol

Joe September 7, 2012 at 1:55 pm

Very clever jim

Homer September 7, 2012 at 2:32 pm

Everyone knows that packaging is everything. Coins are secondary.

jim September 7, 2012 at 5:08 pm

Everything costs $4.95 so that’s a wash. That’s one thing (dare I say it?) that hasn’t changed with the mint over the years. First time I paid S&H was $3.95 in 1999 which was bumped up to $4.95 in 2003 and has stayed there since. I usually only buy small quantities but I’ve only paid $4.95 regardless of how many items are in the order. Orders of a bag/box >500 coins triggers an additional fee but apparently ordering 1,000 SAE doesn’t.

Homer – you’re right. Look at the birth set: $19.95 for $.91 in change (proof coins, though). Or the $1 coin cover: $19.95 for 2 $1 coins. What you’re really buying is the packaging, not the coins.

Joe September 7, 2012 at 8:00 pm

So how should the mint package their coins, capsules only? Can’t beat their shipping.

jim September 7, 2012 at 11:56 pm

This was discussed in a different thread. The mint could offer the option of no special packaging, e.g. capsules in a box similar to the proof or uncirculated SAE right now only at a discount, or special packaging as usual like what you got with the S mint two coin set or the coin and currency set, Army Defenders of Freedom set, etc.

A third more expensive but highly service and collector oriented option (something the mint is probably loathe to do) would be to instead automatically ship an order (presumably capsules only with no packaging) to a coin grading company for grading and ultimate delivery to the person placing the order. Details to be determined.

If the mint did the first option it’s likely they’d offer the minimal packaging at the same prices as now and add a fee for the special packaging that we get by default now. Look for snowballs or flying pigs before option 3 will happen.

Joe September 8, 2012 at 2:48 am

I missed that post. Thanks.

RonnieBGood September 8, 2012 at 11:30 am

The Mint and USPS are both Government divisions and I seriously doubt that they will ever ship directly to a grader. This would evolve one or two companies being shown favor. Also it gives you no chance to examine your coins. I got a “68” back from a grader with 5 large marks across the reverse. If the step of getting my coin was skipped I would have never known that this was done at the graders. It was fine when I received it from the Mint.

I am too in favor of a no packaging option (it just drives up the cost). For most of the older sets people did not keep the packaging because they did not fit well and took up too much room in safes and safety deposit boxes. The anniversary and wooden boxes with the magnetic inserts do make a great display for both raw and graded coins so it would be good to have both options. I will pass this info on to the Mint. Great ideas.

p.s. for the old timers not up on texting… “lol” means it is said as a joke.

RonnieBGood September 8, 2012 at 12:13 pm

ooops. I meant involve not evolve in the post above (^&*#$ spell check) . ha ha

Homer – yeah, packaging is everything… let’s throw the coins away or spend them and get the packaging graded!! LOL

Joe September 8, 2012 at 2:58 pm

RonnieBGood, I’m *lol with you. I was born at night, but not last night. LOL.
P.S. I don’t text, it drives my wife & kids crazy. But their driving me crazy with their texting. That’s all they do.

jim September 8, 2012 at 9:22 pm

I know I said details to be determined but thinking about it more, the ship to address already available with an order could be used as the address for the grader. No reason for the mint to pick or vet the graders. One of the address lines could be used for the grader customer ID (possible privacy concern). The grading company handles the billing and ultimate shipping based on the grader customer ID and their previously stored credit card and ship to information. So in effect this could be done today. What’s missing is the minimum/no packaging option, something the mint could implement but still not necessary to make happen today. There might have to be some notification and/or modification to the grader’s process but I’m sure if enough people did this they’d be happy to oblige with any changes required. They would likely be getting more business with a direct ship option.

Ronnie – I understand your concern and desire to see the coin first before grading. There’d always be the question of is this the coin that fulfilled my order from the mint or just a coin the grader picked out of a bunch of coins and put my name on it (of course that’s what the mint does, too). Also I assume you were able to return the coin to the grader for reparation. That would probably not be possible with the direct ship option. I too like to look at my coins as they come from the mint since I usually deal in ones and twos. If I went to volume as Joe does when flipping, the direct ship option might be a more reasonable way to handle the whole process. Cherry pick the ones you want to keep and sell the others.

All this to say you can do option 3 today if you don’t want to look at your coins first.

Joe September 8, 2012 at 10:00 pm

I would give it a try, if it ever happens.

jim September 9, 2012 at 1:34 am

Joe –
You can do it now but you need to confirm with your NGC consultant that they will recognize the address line with your customer ID and use prestored information for billing and shipping to you after grading. They may already do something like this for select customers – they just don’t advertise it. I’d be interested to know how well it worked for you.

Joe September 9, 2012 at 10:52 am

I don’t think it will be anytime soon jim. Thanks.

Homer September 12, 2012 at 12:04 pm

I hang the mint packaging on the wall as artwork which is what it really is.:)

Why don’t they just have an option where the mint ships them to the grading company and the grading company sells them for us and they pay the mint and the mint just sends us a check for the profit. That is all we are really interested in anyway. However, maybe a better way is instead of a coin set they send a piece of paper and then that way the mint doesn’t even have to mint the coins. Kind of like futures. They can have a lot more releases and there would never be delays as long as they can keep the printing machine going. Although as backup, pens and paper can be used. You send your
piece of paper in and they randomly assign a grade and you just sell your piece of paper. Grading company wouldn’t need as many people, so they could lower the price of grading. The graders wouldn’t need any expertise either. We really need to get away from physical coins which have no meaning nowadays. If someone steals your piece of paper, they can just send you another one, maybe with a higher grade. They could just email you the piece of paper, but I think they should send it in mail to help out the Post Office. What happened to coin collecting for fun?

jim September 12, 2012 at 2:50 pm

LOL – you’ve given this some thought. You left out the option where we can order the grade we want from the mint/grader rather than a random grade assignment – a grade 70 coin at a premium or grade 69 at a discount.

Coin collecting started with looking through one’s pocket change – that’s where the fun was. Now with credit cards and mint web sites that’s all gone away. Still doesn’t explain why we need millions of new pennies every year.

Homer September 12, 2012 at 5:57 pm

I think the random grading will help keep things exciting. However, I think instead of just giving 69 and 70’s, they should use every number and that way people that got 69’s would be really happy. Heck if you got a 36 or above you would be doing good. Maybe the mint could follow baseball cards lead and have randomly inserted chase and error coins.

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