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 Replies: 21 / Views: 3,090 |
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Pillar of the Community
United States
1613 Posts |
I find it hard to understand the thought process within the mint when releasing coins within a program. When the release of the first reverse proof came out my intention was to wait for the pending releases of the next five and purchase them as a lot along with the standard proof set issue. But the 2018 sold out quickly forcing me to seek it on the secondary market, which I might add was only a dollar over what the mint would have charged including shipping. With that in mind I bought the 2019 Delaware yesterday to avoid the same. Will it reach the 75,000 limit as quickly? So there in is my question. Why are they releasing them separately and will they be sold as a set? There's no indication on the website for 2020. More importantly, why are they being held over into a new year? I think it's a sad day when we as collectors have no alternative but to pay additional shipping per coin to avoid a possible sell out. If we voice our opinion would they listen? Despite the frustration with this program, and the less than ideal designs, I still intend on adding them to my hoard.  ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
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Valued Member
United States
71 Posts |
The 2019 Delaware Innovation Reverse Proof was released on November 7th. Not sold out yet. No sales figures have been released. It is a bit odd to have two of four of the 2019 reverse proof Innovation Dollar coins released in 2020.
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CCF Master Historian of USA Commemoratives
 United States
12251 Posts |
I would hardly consider the American Innovation $1 Coin program a "debacle." I don't think it's a failure at all. It's just getting off the ground! Quote:
So there in is my question. Why are they releasing them separately and will they be sold as a set? I believe the RP coins are being released individually in special packaging so that each state can be highlighted on its own and collectors will have an option to purchase only the states/innovations of interest in a custom package that includes information about the design subject. Only a guess on my part, but I don't see the Reverse Proof coins ever being sold as a set as with the Regular Proof coins. I believe the Mint will continue to release the RPs as individual coins in special packaging. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Bedrock of the Community
13014 Posts |
I'd be shocked if they ever did a set of the RPs
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Pillar of the Community
United States
587 Posts |
The delayed releases are the Mint playing catch up.
The legislation started relatively late, which caused everything to be pushed back. By the time they got the design finalized, it was nearly the end of the year. Then the minting process took time, then packaging, and finally selling.
The first states were delayed accordingly, since the introductory coin was handled first. And the next states could not be dealt with until the first states were. And so forth.
But you'll notice the timing of each step is getting earlier. This is the mint catching up to the proper timing. In a year or two, they'll likely be right on schedule.
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Pillar of the Community
United States
1044 Posts |
Of the first 4 RP AI releases, I think NJ and PA have the best chance of selling out. The innovation featured on them are the most recognizable and imo also have the best designs.
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Pillar of the Community
United States
1667 Posts |
My opinion. Some states are going to have more interest than other's and I think state populations might have something to do with it. I intend to collect them all but I've come to the conclusion that I'll have to be quick on like california, texas, new York, florida, a couple others with high populations just on the off chance that it's of interest with the higher population states and sells out quickly. The introductory coins sold out quick, but it may drop off to people collecting by certain innovation or state. I'd have to assume there are "state collectors" that have their State Quarter, state park, and want their state innovation ect. To put together a set. I don't know what's going to happen but if shortages occur it will be with the higher population states especially the touristy one's where the 75k supply doesn't meet the demand there. Then again maybe it's unpopular and just the introductory coin will be it. |
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Bedrock of the Community
 United States
12808 Posts |
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The delayed releases are the Mint playing catch up. Right. A similar thing happened with the 3" 5 oz. ATB pucks several years ago when they were first issued. Edited by CelticKnot
11/30/2019 08:12 am
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Pillar of the Community
United States
587 Posts |
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Then again maybe it's unpopular and just the introductory coin will be it. I'm betting this is the case. The introductory RP sold quick because it was new and limited, and interest and series information were unknown at the time. But given that the series won't be part of the annual sets, and Ps and Ds are only in rolls, interest will be depressed for the series overall. |
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Pillar of the Community
United States
1913 Posts |
Ballyhoo, don't forget that once you make three separate purchases, the rest of your purchases for the year ship for free. I no longer worry about combining purchases and just buy as they're released.
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Pillar of the Community
 United States
1613 Posts |
My apologies if coming across as angry, to the contrary confused would be more appropriate. With a somewhat low mintage of 75,000 I don't see many of them lasting between each release making it cost more. At $9.95 plus $4.95 shipping these become costlier than ordering them all at the same time. Perhaps things will change as the program continues. For the time being, I'm still going to acquire them.
ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
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Pillar of the Community
United States
1913 Posts |
Do you not make other purchases from the mint? You only have to pay the $4.95 the first three times you order during the year.
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Pillar of the Community
United States
7273 Posts |
I just went for the standard proofs. I think they look good.  |
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Bedrock of the Community
13014 Posts |
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With a somewhat low mintage of 75,000 I don't see many of them lasting between each release making it cost more. I'd be shocked if a significant amount of them actually sell out at any point. Usually the first couple do and then unless the mintage drops they stop selling out |
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Pillar of the Community
United States
7273 Posts |
Quote:
With a somewhat low mintage of 75,000 I don't see many of them lasting between each release making it cost more. At $9.95 plus $4.95 shipping these become costlier than ordering them all at the same time. Perhaps things will change as the program continues. For the time being, I'm still going to acquire them. My LCS picked up a few of them (the initial coin) and a few of the current ones and they are on display. He said he sold only a few and is doubting he will get any of the other sets unless there is an uptick in sales. Personally I like the series and I agree the $4.95 shipping does add to the cost. Like several others posted, if you order 3 items in a year postage is free. You can spread out your purchases and get free shipping on these or try to get them in the secondary market. I'm on the fence as to whether these will be a big deal going forward. Like I said I like them, but doesn't seem to be a lot of interest. If they were silver dollars I guess we could be a bigger interest. Or if they were circulating. I'm in for the long term with the proofs. |
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Pillar of the Community
United States
587 Posts |
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If they were silver dollars I guess we could be a bigger interest. Or if they were circulating. Or if they added the Ps, Ds, and proofs to the annual sets. That would make them easier to get, and increase interest in the reverse proofs by those seeking the complete set. Instead, they make it difficult and expensive by separating everything and only offering rolls for the uncirculated finishes. |
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Replies: 21 / Views: 3,090 |
Posted 11/29/2019 3:15 pm
