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All Forums Category: US Coins and Currency Forums Forum: US Commemoratives and Non-Circulating Coinage (NCLT) Including Grading, Varieties, and Errors

Jamestown Commems. Question.

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mrcoin
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 Posted 01/31/2007  09:52 am Show Profile   Bookmark this topic Add mrcoin to your friends list Get a Link to this Message Number of Subscribers
The gold is limited to a mintage of 100K. Will the final mintage be low? Is there a cutoff date for sales or will the Mint just keep on selling until they sell all 100K?
biokemist6
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 Posted 01/31/2007  11:51 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
The legislation that authorizes commemorative coins always designates a maximum mintage and an endpoint to sales, generally December of the same year. If they still have commems on hand next January, they are melted down. If they sell all 100,000 by the end of the month, they cannot go back and mint more to satisfy demand. The final mintage will be completely dependent on the demand for the gold commem.
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Spider5689
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 Posted 01/31/2007  2:36 pm  Show Profile   Bookmark this reply Add Spider5689 to your friends list Get a Link to this Reply
Well said, biokemist6.

The same is true with the Jamestown Commemorative dollars.
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All Forums Category: US Coins and Currency Forums Forum: US Commemoratives and Non-Circulating Coinage (NCLT) Including Grading, Varieties, and Errors



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