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Unannounced Coin Program For 2019

 
 
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Valued Member
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279 Posts
 Posted 03/25/2019  4:16 pm Show Profile   Bookmark this topic Add mellamobradley46 to your friends list Get a Link to this Message
I originally mentioned this in a different post but thought it might be good to make a separate topic to be easily updated when more information is added.

Interesting information in a recent Coinweek article from Louis Golino, who interviewed Mint Director David Ryder. Mr. Golino asked about previously reported Mint plans to release a scare coin into circulation. The Mint Director responded about the W proof cent, then said that
Quote:
Another program has not been announced and will be in a similar product, but I can't yet go into details on that.


I asked Mr. Golino if the Mint Director was referring to the additional bonus cents that have been announced. He responded that
Quote:
he has something else in store.


So we know they are planning an unannounced coin and it will be in a product 'similar' to the proof set. The Proof set has the proof W cent, the Silver Proof will have the reverse proof w cent, and the uncirculated set will have the uncirculated w cent.

Unless I am reading the word "similar" too narrowly, there aren't too many more options are there? Maybe the Limited Edition Silver Proof Set will have a silver cent. Maybe the Innovation Proof Set will have something special. Or, maybe something in one of the sets for children, like the youth coin and currency set. This is obviously all speculation but now I know to pay close attention for the next few months.
Edited by mellamobradley46
03/26/2019 11:52 am
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 Posted 03/25/2019  4:45 pm  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply

Quote:
Another program has not been announced and will be in a similar product, but I can't yet go into details on that.
I'd counter that it hasn't really been announced then. I was hoping this thread would have the details but...
Working on: Peace dollars (two to go), US type (early Bust era), Indian quarter eagles, Chinese pandas, and San Francisco tokens.

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 Posted 03/25/2019  5:03 pm  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply
Thanks for posting the link.

It's an interesting interview. IMHO a bit short on specifics, but it did cover a range of topics. Time will tell how much of it comes to pass

I agree with Director Ryder that there is an INITIAL increase in proof set sales, most likely due to the proof W cent.

So far, we only have the first 3 weeks of sales data. At around 250K sold, it is more than a 17% increase compared to the average sales for the first 3 weeks over the past 3 years (2016-220K, 2017-217K, 2018-202K) and it reverses a declining trend of initial sales.

It's yet to be determined whether or not the increase lasts and ultimately results in higher sales for the entire current year and higher sales in future years.

It will be interesting to see if including a W UNC cent with the Mint Set can reverse this trend

Edited by BadDog
03/25/2019 5:08 pm
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 Posted 03/25/2019  5:16 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
It will be interesting to see if including a W UNC cent with the Mint Set can reverse this trend


I think it will. Usually the first two products do well sales wise and as long as the aftermarket demand is there for those sales will continue to the third product. If dealers are sitting on large amounts of the proof cent though by the time they get to the third one we might be seeing sales start to fall off
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 Posted 03/25/2019  7:57 pm  Show Profile   Bookmark this reply Add mellamobradley46 to your friends list Get a Link to this Reply

Quote:
[I'd counter that it hasn't really been announced then. I was hoping this thread would have the details but...


You're right. I meant to put unannounced but had a brain fart. Sorry.
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 Posted 03/25/2019  11:09 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
Cool data. Thanks for sharing, BadDog.

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 Posted 03/26/2019  09:16 am  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply

It makes you wonder why the 2012 mint set is so much more expensive than the others.
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