Unannounced Coin Program For 2019 - Coin Community Forum

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Author	Replies: 6 / Views: 1,473
mellamobradley46 Valued Member United States 430 Posts	Posted 03/25/2019 4:16 pm 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 Report this Post to the Staff

Alpha2814 Pillar of the Community United States 2023 Posts	Posted 03/25/2019 4:45 pm 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... Report this Post to the Staff
BadDog Pillar of the Community United States 1374 Posts	Posted 03/25/2019 5:03 pm 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 Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 03/25/2019 5:16 pm 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 Report this Post to the Staff
mellamobradley46 Valued Member United States 430 Posts	Posted 03/25/2019 7:57 pm 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. Report this Post to the Staff
CelticKnot Bedrock of the Community United States 12815 Posts	Posted 03/25/2019 11:09 pm Cool data. Thanks for sharing, BadDog. Report this Post to the Staff
Bret Pillar of the Community United States 1913 Posts	Posted 03/26/2019 09:16 am It makes you wonder why the 2012 mint set is so much more expensive than the others. Report this Post to the Staff
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