Mint projects potential sales for 2016 centennial coins in gold

Estimates sales could reach between 145,000 and 225,000 units combined
By , Coin World
Published : 11/13/15
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The United States Mint is projecting official sales for the three 2016 24-karat gold 100th anniversary coins could reach between 145,000 and 225,000 units combined.

Mint officials announced late Nov. 10 the bureau is moving ahead with plans to issue centennial editions in 2016 of the Winged Liberty Head dime, Standing Liberty quarter dollar and Walking Liberty half dollar in .9999 fine gold.

The dime and half dollar designed by sculptor Adolph A. Weinman and the quarter dollar by sculptor Hermon A. MacNeil were struck in .900 fine silver when issued in 1916.

When Mint officials announced plans in June 2015 outlining the initiative for the gold commemoratives, the bureau did not have the formal approval from the Treasury secretary or his designee to move forward. The Mint had surveyed collectors in 2014 about a number of commemorative options to mark the 2016 centennial of the three coins.

Tom Jurkowsky, director of the Mint’s Office of Corporate Communications, said Deputy Treasury Secretary Sarah Bloom Raskin approved the United States Mint’s plans Oct. 8 for the three coins.

The Citizens Coinage Advisory Committee recommended the development of the coins on Jan. 28, 2015, and reviewed the proposed designs on June 17, 2015. Commission of Fine Arts concurred on June 18.

Also, “based on the recommendation of the CCAC, the Winged Liberty dime will carry a $.10 nominal value; the Standing Liberty quarter will carry a $.25 nominal value; and the Walking Liberty half-dollar will carry a $.50 nominal value,” according to Jurkowsky.

Mint officials are projecting sales based on analysis of sales for two recent special gold coins.

Jurkowsky said that in 2014, the Mint sold 64,305 of the 24-karat gold Proof 1964–2014-W 50th Anniversary John F. Kennedy half dollar, generating $76.2 million in revenue. In 2013, the Mint sold 43,800 Reverse Proof 2013-W American Buffalo gold $50 coins, generating $49.9 million in revenue.

Based on the sales performance of those two numismatic products, U.S. Mint official estimate sales for the three 2016 24-karat gold 100th anniversary coins could reach between 145,000 and 225,000 units combined, Jurkowsky said. Those sales represent potential sales revenue of  between $54 million and $119 million at prevailing gold prices, he said.

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