Sales by the United States Mint of its 10-piece 2017-S Enhanced
Uncirculated Coin set are currently in a yo-yo pattern.
Figures released Aug. 16 by the Mint indicate 214,345 sets were
recorded sold. That is a decline from the previous week’s figures,
when, as of Aug. 8, sales stood at 220,397 sets.
The numismatic product went on sale Aug. 1 at $29.95 per set, with
no household ordering limits for online and telephone orders.
In total, 225,000 sets were made available through all ordering
venues, with the number of sets available chosen to reflect its
release as one of the Mint's 225th Anniversary products for 2017.
Within minutes, online sales of the sets Aug. 1 were sufficient to
exhaust the undisclosed number of sets remaining available for online
and telephone sales.
When orders are placed by telephone, they must then be entered into
the Mint's online ordering system by PSFweb’s ordering processing
operations in Texas. When sufficient orders were received, the product
went into “Currently Unavailable” status.
information on the 1866-S No Motto coins:
Also in our last weekly issue of the month, John Kraljevich Jr.
goes into what George Washington's ledger revealed, including how
many gold doubloons he had on hand.
Thousands of sets were also sold by the U.S. Mint Aug. 1 at
contracted sales centers at the Denver and Philadelphia Mints and the
sales outlet at Mint headquarters in Washington, and Aug. 1 to 5 in
Denver during the American Numismatic Associaiton World’s Fair of Money.
After 24,000 sets were sold during the ANA, additional sets were
delivered to the convention and put on sale Aug. 3. The additional
sets were from orders not shipped because of cancellations.
In fact a number of sizeable orders, including one for 20,000 sets,
were canceled either by the buyers, or by the Mint, for a variety of
reasons, including problems with credit cards used for payment.
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The sets went back on sale online as well on Aug. 3 and remained on
sale until the status changed to “Currently Unavailable” on Aug. 14.
As of Aug. 16, sets were again available and the product was back on sale.
Prices received in some secondary market sales have begun to drop.
Some completed online sales via eBay for sets still in their
original Mint packaging realized just a few dollars above issue price
and included free shipping.
Sets graded and encapsulated by Numismatic Guaranty Corp. with all
10 coins graded as Specimen 70 and First Day of Issue or bearing ANA
convention grading labels sold in a range from just under $230 to just
NGC Specimen 70 examples of coins from sets are also being sold
individually. Some examples of completed eBay sales are $88.99 for an
Specimen 70 red 2017-S Lincoln cent, $11.55 for a Specimen 70 First
Release 2017-S Roosevelt dime, $25 to $30 for Specimen 70 2017-S
American the Beautiful quarter dollars, $42.22 for a Specimen 70 First
Release 2017-S Kennedy half dollar, and $43.86 for a Specimen 70 First
Release 2017-S Native American dollar.
One NGC Specimen 70 First Release set of all five quarter dollars
offered in the 10-coin numismatic product sold for $192.50. Completed
sales for Professional Coin Grading Service Specimen 70 First Strike
2017-S Jefferson 5-cent coins ranged from $17.50 to $32.