The 2017-S Enhanced Uncirculated Coin set was
inching toward a sellout Aug. 10, with the latest sales report from
the U.S. Mint
recording 221,479 sets sold, from a maximum authorization of 225,000 sets.
The set went on sale Aug. 1, and sales ended in less than 10
minutes, when its status was changed to “currently unavailable.”
However, more than 20,000 sets became available for sale through
order cancellations, and sales were resumed Aug. 3.
The mintage limit is tied to the product being one of several
special numismatic issues marking the U.S. Mint’s 225th anniversary of 2017.
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The sets are offered from the Mint at $29.95 each, with no household
ordering limits. The set comprises the 10 coins from Lincoln cent
through Native American dollar, including the five America the
Beautiful quarter dollars for 2017.
Struck at the San Francisco Mint, each of the Enhanced Uncirculated
coins exhibits a mixture of elements with Proof polishing and laser frosting.
The U.S. Mint as of Aug. 10 was still reconciling orders so as to
report a breakdown of sales online, by telephone and at in-person
The sets officially went on sale from the U.S. Mint online, by
telephone and at sales centers at the U.S. Mint headquarters in
Washington, D.C., and at contracted sales outlets at the Philadelphia
and Denver Mints, at noon Eastern Time Aug. 1.
The sets were also offered beginning at 1 p.m. Mountain Time (3 p.m.
ET) at the American
Numismatic Association World’s Fair of Money in Denver.
More than 24,000 sets were sold at the convention in just over five hours.
A smaller, undisclosed number of sets were offered at the three
other sales outlets. An undisclosed number of sets were still being
offered at the Mint headquarters sales outlet Aug. 10, according to
U.S. Mint spokesman Michael White.
While enough orders were placed in under 10 minutes from the start
of sales Aug. 1 to exhaust the undisclosed number of sets available
online and by telephone, sales were resumed Aug. 3 after cancellation
of some orders put thousands of sets back on sale before the sets were
ever shipped to the customers who first ordered them. A Mint official
present at the ANA convention said that one canceled order from a
dealer totaled 20,000 sets, or about 8.9 percent of the total number
of sets offered.
Resale prices for the initial sets sold, still in their original
Mint packaging, especially for those where collectors, dealers and
speculators could have the sets in hand immediately after purchase,
quickly rose to double or triple the original Mint price.
Initial increases for sets still in original packaging retracted
when canceled orders resulted in undelivered sets being put back on
sale by the Mint for online and telephone sales.
Sellers at eBay
have recorded completed sales for originally packaged sets at prices
only a few dollars above the Mint’s price for the sets, and the eBay
prices included free shipping.
Numerous eBay auctions offering the sets have closed without
registering a sale.
A number of completed sales are recorded at just under $275 for Numismatic Guaranty
Corp.-graded sets where each coin is encapsulated with Early
Release labels with each coin graded Specimen 70.
Completed sales were also recorded for Professional Coin Grading Service encapsulated
sets of Specimen 70 coins, with a variety of labels, in the $500 range.