Collectors and dealers will have multiple ways to buy the 10-coin
2017-S 225th Anniversary Enhanced Uncirculated Coin set when it goes
on sale Aug. 1. Those in Denver for the year’s biggest coin convention
will find the set available at two locations, though sales will begin
at different times.
The first venue in Denver at which customers will be able to
purchase the sets and walk away with the physical product in hand
won’t be the American
Numismatic Association World Fair of Money at the Colorado
The set will be priced at $29.95.
Connect with Coin World:
up for our free eNewsletter
Like us on
us on Twitter
Instead, the contracted sales center at the Denver Mint will be the
first place in the city where the set will become available, since
sales there will start before the ANA convention opens to the public.
There was a time when the Morgan dollar was
actually a half dollar:
Another column in the July 31 issue of Coin World explains how
collectors can create their own archival-quality holders for
oversized paper money.
The sets, limited to a maximum release of 225,000 sets, will be
offered for sale beginning at noon Eastern Time, which is 10 a.m. by
Denver’s Mountain Time. The noon ET starting time applies as well to
in-person sales at the contracted sales center at the Philadelphia
Mint and the sales center at U.S. Mint headquarters in the District of
Columbia, and for sales by telephone and on the U.S. Mint’s website.
Sales won’t open at the ANA convention until 1 p.m. MT (3 p.m. ET)
when the bourse floor opens to the public.
When does the line open?
U.S. Mint officials in Washington said July 19 that Mint officials
at the show will not allow a line to form for the sets until 1 p.m. MT
when the bourse opens to the public.
As of July 20, the U.S. Mint had not disclosed whether any ordering
limit would be in place for those trying to acquire the coin sets at
the four in-person locations.
The launch of sales for a limited-edition set in concert with the
opening of an ANA convention and at Mint sales facilities has occurred
before, and officials of both the Mint and the ANA are probably hoping
not to repeat one past experience. The annual ANA World’s Fair of
Money and the Denver Mint were both sites of the release of a new and
in-demand U.S. Mint product in 2014, and disruptive situations ensued.
The Mint’s release then included various versions of the 2014 Kennedy,
50th Anniversary half dollars, including a gold version.
Lines that formed at both venues well before sales began caused
problems for police at the Rosemont, Illinois, site of that year’s ANA
convention, and at the Denver Mint. Some people waiting in line were
collectors wanting coins for their collections, but others were
noncollectors who had been hired by coin dealers to buy the coins. The
dealers promised to pay the line holders for their coins plus a
premium; in many cases, the dealers then had the coins encapsulated by
major grading services, with special labels. These specially
encapsulated pieces were then offered for sale at the dealers’ venues
at many times the initial cost.
While Mint officials had planned to offer the coins over a five-day
period, sales at all Mint venues and the ANA show were halted after
three days. On the opening of sales at the Denver Mint in 2014, a
waiting crowd rushed across the street to the sales center entrance,
and some people fell to the ground in the rush. At the Rosemont
location, dealers on the bourse were among those complaining that the
long line of people waiting to buy the coins was disruptive.
This article was updated at 10:59 a.m. July 21 with the price of