ATS I've posted a thread asking if people know how badly the commemorative coins have been doing in past years. Let me copy the data
How bad were sales of the 2022 US Mint Commemorative coin program?Short answer really, really, really bad
Data from
https://www.coinnews.net/2023/01/26...of-the-same/ - the sales should be near final, but there are still returns trickling in...
Somebody asked if these were going to be the new super-rarities of the series...
A: Does it matter the quantities if nobody collects them?
It seems like it's been this way for modern commems for a while. The lowest mintage gets a small pop in value until the next lower one comes along.
This page makes it clear:
http://www.numismedia.com/fmv/price...ices61.shtmlThe only $5 Gold with value over melt are the MS70s and the Jackie Robinson, at 5,174
Sales of the 2021 National Law Enforcement Memorial and Museum Commemorative $5 Coin are similar... 1,473 proof, 1,753 unc, and 4,391 of the 3-coin proof set or 7,617 total.
https://www.PCGS.com/coinfacts/cate...84-date/1647There were questions about stopping since nothing is scheduled for 2023...
2024https://www.coinworld.com/news/us-c...rative-coinsHarriet Tubman Bicentennial Commemorative Coin Act, Public Law 117-163, calls for the production and release in Proof and Uncirculated versions combined of 50,000 gold $5 coins, 400,000 silver dollars and 750,000 copper-nickel clad half dollars.
The retail purchase price of each gold coin will include a $35 surcharge, each silver dollar purchase includes a $10 surcharge, and each copper-nickel clad half dollar carries a $5 surcharge.
Net surcharges, after the U.S. Mint recoups all of its production and related costs, are to be evenly distributed between the National Underground Railroad Freedom Center in Cincinnati, Ohio, and The Harriet-Tubman Home Inc. in Auburn, New York, "for the purpose of accomplishing and advancing their missions."
https://www.coinworld.com/news/us-c...nal-memorialThe Greatest Generation Commemorative Coin Act originated as H.R. 1057 when introduced Feb. 15, 2021, by Rep. Marcy Kaptur, D-Ohio.
The law authorizes the Treasury secretary to direct the U.S. Mint to strike, in Proof and Uncirculated versions combined, up to 50,000 gold $5 coins, 400,000 silver dollars and 750,000 copper-nickel clad half dollars.
The purchase price of each gold coin will include a $35 surcharge, each silver dollar a $10 surcharge, and each copper-nickel clad half dollar, $5.
Net surcharges, after the U.S. Mint has recovered all of its production and associated costs will be paid to the Friends of the National World War II Memorial to support the National Park Service in maintaining and repairing the National World War II Memorial, and for educational and commemorative programs.
2025 (PROPOSED)https://www.coinworld.com/news/us-c...-anniversaryseeking a three-coin commemorative coin program to mark the Nov. 10, 2025, 250th anniversary of the United States Marine Corps.
Standard compositions and limits (see above)
Finally, the financial disaster
It's also worse than you might think for the recipients:
Quote:
31 U.S. Code § 5134 (f)Conditions on Payment of Surcharges to Recipient Organizations.—
(1)Payment of surcharges.—
(A)In general.—Notwithstanding any other provision of law, no amount derived from the proceeds of any surcharge imposed on the sale of any numismatic item shall be paid from the fund 1 to any designated recipient organization unless—
(i)all numismatic operation and program costs allocable to the program under which such numismatic item is produced and sold have been recovered; and
(ii)the designated recipient organization submits an audited financial statement that demonstrates, to the satisfaction of the Secretary, that, with respect to all projects or purposes for which the proceeds of such surcharge may be used, the organization has raised funds from private sources for such projects and purposes in an amount that is equal to or greater than the total amount of the proceeds of such surcharge derived from the sale of such numismatic item.
Thus to receive $9.5 million dollars in surcharge revenue you needed to raise $9.5 million in matching funds. You can't leave that to the last minute... yet, oddly donors often want to know what they are "getting" for their donation.
You've gone and raised $9.5 million promising $19 million in bang. And now you need to walk it back to $10.705 million dollars of bang.
-----Burton
50+ year / Life / Emeritus
ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)
Author: 3rd Edition of the Sample Slabs book,
https://www.sampleslabs.info/
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Posted 01/30/2023 1:14 pm
