2015 Coin & Chronicles Set – Dwight D. Eisenhower
By Hubert Walker for CoinWeek ….
Sales for the 2015 Dwight D. Eisenhower Coin and Chronicles Set open today at noon, Eastern Daylight Time (EDT). Only 17,000 sets will be produced, and the current order limit is two per household; the U.S. Mint may change the order limit at a later date.
Editors Update: We checked the US Mint web site at 12:12. First there was an error message using the link to the order page. After refreshing the page, we got to the order page but were advised that the “Product was Unavailable”. In short – The Product is Sold Out.
In a statement issued by US Mint Public Affairs Specialist Lateefah Simms “A total of 16,820 sets were sold in approximately 15 minutes. All accepted orders will be processed and fulfilled on a first-in, first-served basis according to existing United States Mint policies. The product inventory is at the fulfillment center for immediate shipment to customers. No additional inventory will be produced. Product shipments, returns and exchanges will be monitored daily over the next few weeks.”
A Second Update at 2:25 PM from Adam Stump, Deputy Director, Office of Corporate Communications -United States Mint:
“The main United States Mint web page, www.usmint.gov, was down from 12:04 p.m. to 12:21 p.m. due to an issue with a computer application unrelated to the launch of the 2015 Coin & Chronicles Set – Dwight D. Eisenhower. This application issue did not have an effect on any catalog pages, including the web page for the 2015 Coin & Chronicles Set – Dwight D. Eisenhower. Customers were still able to order the 2015 Coin & Chronicles Set – Dwight D. Eisenhower, which became Unavailable at 12:16 p.m., meaning the U.S. Mint is currently out of this item, but more may be available later. Any customer who may have normally entered the catalog site, which is any page that starts with catalog.usmint.gov, would not have experienced any issues. Any customer who attempted to enter through www.usmint.gov from 12:04 p.m. to 12:21 p.m. would have encountered an error trying to get to the catalog site. We apologize for any inconvenience this may have caused customers.“
Customers can order the set only on the Mint’s website at https://catalog.usmint.gov/2015-coin-and-chronicles-set-dwight-d-eisenhower-AX2.html or by calling 1-800-USA-MINT (872-6468). Hearing- and speech-impaired customers with TTY equipment should call 1-888-321-MINT to place their orders.
Priced at $57.95, the set contains the following collectibles:
- A Reverse Proof 2015 Eisenhower Presidential golden dollar coin, minted in Philadelphia and featuring a “P” mint mark;
- A .999 fine silver Eisenhower Presidential medal. The medal is also manufactured in Philadelphia but bears no mint mark;
- A 1969 United States postage stamp honoring the late President Eisenhower
The Eisenhower Coin & Chronicles Set also includes a booklet containing a brief biography of the president and some history concerning his presidency.
The Mint’s last release in the series–the 2015 Harry S. Truman Coin & Chronicles Set–was released at noon on June 30 and was listed as “Unavailable” on the Mint’s website within 15 minutes. Its success is attributed to the product’s centerpiece: a Reverse Proof Presidential $1 coin available exclusively in the Truman Coin & Chronicles Set.
Since the Eisenhower Set also contains a Reverse Proof, high demand for this item is likely.
The remaining two sets from the calendar year 2015 will feature Reverse Proof Presidential dollars as well. The Kennedy Coin & Chronicles Set goes on sale September 16; more information about the Kennedy Set is available here.
The 2015 Lyndon B. Johnson Coin & Chronicles Set is set for release in October.
Coin & Chronicle Sets Currently Available on eBay
The way the coin dealers buy is wrong and bad for the hobby of coin collecting. Most dealers end up with a lot of coins like this and the ordinary collector doesn’t have much of a chance. Then the big coin dealers double the premium and make killing selling these coins to people who couldn’t get one from the mint. If a large company has every one of their employees buy the limit they don’t last long and a lot of legitimate collectors are left out. I think big coin dealers hurt the hobby more than they help the real collectors, and i am an A.N.A. MEMBER.
I understand your frustration, but dealers do not set the total mintage limits or the household limits on the coins the Mint sells, so the supply side is simple whatever the US Mints decides it will be. If a coin or set goes on sale at the US Mint’s website starting at Noon, anybody and everybody with a phone has the same chance of placing an order, assuming of course the Mint’s website does not crash or have some other sort of glitch. You are correct that some dealers recruit buyers to place orders and pay those “buyers” a premium when they deliver the coins, but these dealers are taking a risk based on their perception of the market and the demand for a specific coin or set. Once they have the coins, they send them in for certification and then try to flip them as quickly as possible, at whatever premium above the cost of the product ( Original Cost + Premium Paid to Buyer + Cost to send, Certify and ship back + Marketing and Ad costs [not including listing or other fees if placed on ebay]) Then after a11 that, not including their or an employees time, you have to sell the coins and hope you can move them before the secondary market is saturated and prices stat to fall, which happens the majority of the time.
You can agree or disagree with the process but BOTH dealers and many collectors play the same game, trying to make a quick buck on new products issued by the Mint in limited qualities, but like I said, everyone has the same chance of placing an order on line when a new product is released on the Mint’s website.
Tons of people are ANA members. That holds no status, Bill. But I agree with your point.
Well Jose, i never meant to suggest my A .N.A MEMBERSHIP was a status symbol but only to make the point that the only reason i purchase coins is to enjoy and add to my collection not to flip that coin and turn a $58.00 coin set and resale it for $200.And i know ebay sales costs money to sell it on ebay and i know all about having coin grading fees as well,they’re expensive,but most you see on ebay were not graded so how does one justify a markup of over 300% ? I am not a novice coin collector i have been collecting for nearly 35 years.Like coinweek said anyone with a phone can buy from the mint even if they don’t know the difference between a silver eagle and the LONE RANGER’s horse Silver.so jose at least you did agree with my point and i appreciate that thank you.