The fourth and final redesigned 2009 Lincoln cent launched in Washington, D.C., on Thursday, Nov. 12. By the following Sunday and according to the latest US Mint sales report, 153,427 of the two-roll sets were scooped up by collectors. Crunching the numbers and moving the decimal point, that is 15.3 million pennies.
During the same initial days following the launch of the previous two pennies, 15.2 million of the third Professional Life cents sold, and 20 million of the second Rail Splitter pennies sold.
In contrast, it took almost two weeks for collectors to purchase 9.6 million of the first 2009 Lincoln Birthplace cents — although these set the demand tone for the next three cents when the Mint unexpectedly stopped selling them. The following table provides the latest sales data for the Lincoln penny rolls.
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Each of US Mint’s four 2009 Lincoln Cent ceremonial launch events were unique, but all have been similar in offering opportunities for the attendees to make money.
Following the Presidency cent launch in Washington, D.C., on Thursday, Nov. 12, rolls of the new pennies began to appear on the secondary market from those who were there to experience the launch.
A decent profit has been seen by resellers who waited in line to exchange cash for the new Presidency rolls, and then waited in another line to have them stamped and canceled by the US Postal Service as proof they were issued on the day of the ceremony.
In analyzing 56 completed eBay auctions between Nov. 13 and Nov. 15, the average sold price per 50c roll was just four cents shy of $15.
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The US Mint today pulled away the drapes and revealed the new 2010 Lincoln Cent reverse design. The 2010 penny is a continuation of sorts of the themed 2009 designs, which reflect four distinct phases of Lincoln’s life: his birth in Kentucky, his formative years in Indiana, his professional life in Illinois, and his presidency in Washington, D.C.
The 2010 cent theme is "emblematic of President Lincoln’s preservation of the United States of America as a single and united country," and was outlined in authorizing Public Law 109-145.
While this year’s cents were issued to celebrate the bicentennial birth of Abraham Lincoln and are minted for 2009 only, next year’s penny design has no specific end date. It could be seen by generations yet to come. Congress would have to marshal through new legislation for ANY change to occur.
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At the Ulysses S. Grant Memorial located below the west front of the U.S. Capitol Building, the US Mint today launched the last 2009 Lincoln Cent. Known as the ‘Presidency Life in Washington, DC‘ penny, the release brings to a close a year of four redesigned coins which have excited the public and awakened new [...]
The Lincoln Coin and Chronicles Set was issued by the US Mint on Oct. 15 and 50,000 promptly sold out within 30 hours.
While many collectors on release day experienced anguishing moments due to ordering hiccups at the hands of the Mint, they are smiling more these days.
The Lincoln coins are desirable, the set packaging attractive, and Mint came through with rapid shipping.
Better, and this never hurts, the sets are commanding more than double their $55.95 issue price in the secondary market.
An analysis (see chart below) of over 1,000 eBay auctions from Oct. 14 through Nov. 2 indicate that the quantity of sets sold is increasing, yet their premiums are remaining strong. The continuing demand has been a boon for sellers.
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With the release ceremony for the final 2009 Abraham Lincoln Bicentennial Cent scheduled for next week, the US Mint has also announced plans for two additional exchange opportunities for those wanting to get their hands on some of the new 2009 Lincoln DC Presidency Cents.
The ceremony itself is scheduled for 10 AM ET on Thursday, Nov. 12, at the Ulysses S. Grant Memorial on the west side of the US Capitol in Washington, D.C. Following the program, which is expected to last around 30 minutes, attendees will be given the opportunity to exchange cash for new bank-wrapped rolls of the Presidency cents.
Also at 10 AM, two other sites in D.C. will offer coin exchanges. The first will be at the US Mint’s sales outlet at Union Station, 50 Massachusetts Ave N.E. The second will take place on the first floor of the US Mint’s headquarters, 801 Ninth Ave N.W.
All three locations will allow the exchange of cash for a minimum of two rolls up to a maximum of six rolls of the newly minted Lincoln cents. Each roll will contain 50 circulation quality coins struck at the Mint’s facility in Philadelphia. The Mint has stated in advance that the limits may be changed at any time.
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US Mint circulating production levels for the third 2009 Lincoln penny, known as the Professional Life cent, are now known for each Mint facility in Denver and Philadelphia. 2009 Lincoln Cent Mintages Denver Philadelphia 2009 Total Birthplace Cent 350,400,000 284,400,000 634,800,000 Formative Years Cent 363,600,000 376,000,000 739,600,000 Professional Life Cent 336,000,000 316,000,000 652,000,000 Total 1,050,000,000 [...]
It took longer than many collectors expected, but the Lincoln Coin and Chronicles Set sold out prior to 6:00 p.m. Eastern Time on Friday, Oct. 16.
However, THERE IS STILL A CHANCE TO PLACE ORDERS. The US Mint continues to keep the sets open for those who would like to be added to a waiting list. The Mint states at its online store:
Waiting List Notice: The number of orders we have taken meets the maximum limit for the United States Mint Lincoln Coin and Chronicles Set. You may still place an order for this product, which will go on a waiting list. If a product becomes available due to an order cancellation, we will fulfill orders from the waiting list on a first-in, first-served basis. We cannot provide information about your position on the waiting list.
When we place your order on the waiting list, we will send you an order receipt. This is not a guarantee that you will receive your order. If we are not able to fulfill part or all of your order, you will receive a cancellation or sold-out notification. If you paid by check, you will receive a refund.
CoinNews has tested this statement in the past. It is indeed possible to receive a product after being placed on a waiting list. But those who are interested should rush to sign up…
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Thursday was a day of excitement, anger and despair for many coin collectors who attempted to place an order early for the new US Mint Lincoln Coin and Chronicles Set.
Whether an order was placed by phone or straight from the Mint’s Web site, the more likely outcome for most collectors was inaction and irritation. Visitors to the site were greeted with a "Service Unavailable" or simply a generic "The connection was reset" message. The site was down more than up. Those calling on the phone were met with a repeated automated message "We are unable to answer your call at this time. Please try again later."
The sets were released at noon ET. By accounts, the Mint appeared to be the busiest they have ever been this year. An easing seemed to occur after the first hour went by. After many, many repeated attempts, phone orders went through more readily. The web appeared to be a bigger problem. The Mint site returned to a more normal and consistent behavior by 3:30 pm ET. By evening, it was as smooth as ever.
Of course many collectors were more than frustrated. The Mint did have more staff on hand, but it comes to a point that there is only so much they can do when there appears to be tens of thousands of collectors who come knocking on the door nearly at once.
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An objective of many coin collectors today will be to fight through the expected wait lines to acquire the US Mint’s 2009 Lincoln Coin and Chronicles Set. It launches at noon Eastern Time for the price of $55.95. As the Mint announced in Sept., there is a one order limit per household in affect, with [...]
