The 2012 Chester A. Arthur Presidential dollars
will first become available to United States Mint customers April 5.
Single 25-coin rolls of the Arthur
Presidential dollars struck at the Denver and Philadelphia Mints will
be offered by the U.S. Mint at $32.95 each beginning at noon Eastern
Daylight Time April 5, Mint officials announced March 21.
The rolls are the first numismatic products
containing 2012 circulation-quality Presidential dollars. They are
also the first circulation-quality Presidential dollars to be offered
strictly as numismatic products.
Rolls containing circulation-quality
Presidential dollars have been offered by the U.S. Mint at numismatic
premiums above face value since the dollars were first offered
beginning in February 2007 with the George Washington Presidential
dollar. The same coins were also available at many banks at face value
through the end of 2011, with the only differences being in the paper
rolls used to house the Mint numismatic coins.
New products, pricing
The Mint also announced on March 21 four new
Presidential dollar products, to be released at dates to be announced later.
Mint customers will be able to order the four
new Presidential dollar products with coins from either the
Philadelphia Mint or the Denver Mint.
The four new products, initial pricing and
➤ Presidential $1 Four-Coin set — $9.95 (59.8
percent premium above the face value of the coins in the set).
➤ Presidential $1 Coin 100-coin bag — $111.95
(11.95 percent premium).
➤ Presidential $1 Coin 250-coin box — $275.95
(10.38 percent premium).
➤ Presidential $1 Coin 500-coin box — $550.95
(10.19 percent premium).
A $4.95 shipping and handling charge will be
added per order. An additional $7.95 shipping and handling charge will
be added for each 500-coin box ordered because of the weight.
The Presidential $1 Four-Coin set contains one
each of the coins to be released in 2012.
Each of the other products contains unmixed
Presidential dollars of each design.
The Chester A. Arthur dollar is the first of
the four Presidential dollars to be issued in 2012. The second dollar
is for Grover Cleveland’s first four-year term as president, the third
for Benjamin Harrison, and the fourth being the Presidential dollar
representing Cleveland’s second presidency.
Cleveland will be the only multiple-term
president to be featured on two different Presidential dollars because
his terms of office were nonconsecutive, serving as president from
March 4, 1885, to March 4, 1889, then again from March 4, 1893, to
March 4, 1897.
U.S. Mint officials said March 21 that rolls
of the first Cleveland dollar will be offered beginning at noon
Eastern Time May 25, following by rolls of Harrison dollars on Aug. 16
and the second Cleveland dollar on Nov. 15.
Dates and information for the release of the
four new numismatic products for each of the four Presidential dollars
to be released in 2012 will be announced when each product becomes available.
The Mint’s 2012 Native American dollar coin
rolls go on sale April 26 at $32.95 per single roll, or can be
purchased by subscription now at $65.90 per two-roll set.
The same bag and box options from both Mints
offered for Presidential dollars will also be available for the Native
U.S. Mint spokesman Michael White said the
packaging of the 100-coin bags for either dollar program will be
similar to the packaging used for the America the Beautiful Quarters
Final packaging for the 500- and 250-coin
boxes will include special numismatic wrapping.
Packaging for the four-coin set is not yet
determined, White told Coin World.
Length of availability
The dollar coins will be available under
provisions of a policy instituted by the Mint in 2010.
“We established that the sales period of all
bags and rolls products would be consistent at one-year from the
initial on-sale date or until the next year product becomes available
(sequential rolling basis), unless inventory is depleted prior to the
one-year anniversary, or if inventory becomes critically low after
production has switched to coins for the next year,” White said. “This
policy will remain in effect for the new $1 coin products.”
Traditional options and pricing
The 2012 Presidential and Native American
dollars will also remain available through several traditional U.S.
Mint product options:
➤ Presidential $1 Coin & First Spouse
Medal set — $9.95.
➤ American Presidency $1 Coin Cover Series — $19.95.
➤ Presidential $1 Coin Proof set — $18.95.
➤ Presidential $1 Coin Uncirculated set (coins
from both the Philadelphia Mint and Denver Mint) — $16.95.
➤ United States Mint Uncirculated Coin set
(includes all Presidential dollars for the year and the Native
American dollar) — $27.95.
➤ United States Mint Proof set (includes all
Presidential dollars for the year and the Native American dollar) — $31.95.
➤ Native American and Presidential $1 Coin
Rolls — $32.95
➤ United States Mint Silver Proof set
(includes all Presidential dollars for the year and the Native
American dollar) — $67.95.
The packaging for these existing numismatic
products will not change from the 2011 versions.
The Presidential dollars are also available as
a subscription option for $65.90 per two-roll set, containing one
25-coin roll each from the Denver and Philadelphia Mints. The
subscription option allows collectors to enroll to receive each
Presidential dollar in a two-roll set as each coin becomes available.
White said it is anticipated that additional
dollar coin products will be added to the subscription offerings after
the first few releases.
U.S. Mint officials projected production
totals for the Presidential dollars based on previous demand for its
White said March 21 that the Mint anticipates
demand for the four Presidential dollars to be 1.4 million for the
Proof coin options, 1 million for the Uncirculated Mint set quality
coins and 5 million for circulation-quality coins.
“The Mint retains sufficient capacity, and is
confident it will be capable of responding to any increased demand,”
White said. “The mintage numbers are based on numismatic demand
forecasts taking into account that the coins will not be available
from banks as usual.”
No ballistic bags, direct ship
Several numismatic options offered to Mint
customers in the past are not being offered: bags containing 140,000
of the dollar coins and dollars offered via the Direct Ship Program.
During a Jan. 27 telephone interview with
Coin World, U.S. Mint deputy director Richard A. Peterson
said the Mint contemplated offering among its numismatic options of
circulation-quality Presidential dollars a 140,000-coin jumbo
ballistic bag. The bags are the same the U.S. Mint uses to ship the
coins to an outside vendor to put into 25-coin rolls.
Mint officials, however, have decided not to
offer that option at the current time, though White noted, “however,
we periodically review our product options and can make whatever
adjustments may be necessary to ensure viability of our products.”
The Mint’s former Direct Ship Program, which
allowed collectors to obtain 250-coin boxes of rolled Presidential
dollars at face value, has been replaced with the new purchase
options. The Direct Ship Program was introduced in 2008 to allow
collectors the opportunity to acquire the rolled coins at face value,
with the Mint absorbing shipping costs. In early 2011, the Mint added
a $12.95 shipping cost per box.
For more information on the availability of
dollar coins from the U.S. Mint, visit www.usmint.gov
or call 800-872-6468.