On a ceremony held at President Lincoln's Cottage on the grounds of the Armed Forces Retirement Home in Washington, D.C. last week, the United States Mint officially launched the 2010 Abraham Lincoln Presidential $1 Coin.
Many believe the Lincoln Presidential Coin could be the most popular for collectors among all of the Presidential dollar strikes released to date. They attribute that belief to the fact that Lincoln is one of the most remembered former Presidents in the history of the United States.
His leadership during the American Civil War, the role it played in the Civil Rights of millions of Americans and his assassination within a few days of the end of the war all add to the aura surrounding his Presidency. As such, the coins honoring him should be extremely collectible and sought after not only by numismatists, but by anyone with even a faint interest in the 16th President of the United States. Continue reading →
The US Mint has scheduled the official release ceremony for the 2010 Abraham Lincoln Presidential $1 Coin for Friday, November 19, 2010. This is one day after the coins will be issued into circulation by the Federal Reserve Banks.
Plans call for the official function, which is open to the public, to be held beginning at 10 AM (Eastern) at President Lincoln's Cottage on the grounds of the Armed Forces Retirement Home in Washington, D.C.
Lincoln is said to have spent up to 25% of his time as President at the cottage which is located three miles from the White House. There he made many decisions as related to the American Civil War and even drafted the Emancipation Proclamation at the site.
The United States Mint is planning to host two exchange locations for rolls of the 2010 Lincoln Cents in Washington, D.C. on this Thursday, February 25, 2010.
These two exchanges were originally scheduled to be on February 11, the same day the official release ceremony was held in Springfield, Illinois. However, due to the two blizzards that struck the nation's capital, the two exchanges planned for D.C. were canceled. Not surprising since those same weather systems resulted in the federal government basically closing down for four days.
With the official launch of the 2010 Lincoln Cent now behind us (it took place last Thursday, February 11, 2010 in Springfield, Illinois), it might be interesting to take a look at what collector's have been doing in relation to the coin.
One of the best places to find recent information on demand and prices for coinage is the online auction site eBay. Interested individuals can not only find how many auctions are or have been offered for certain coins, they can determine what the average going price for those coins have been. With this information in hand, a collector is better informed to make the decision if they would like to attempt to win or purchase the item.
So, let's take a look at the 2010 Lincoln Cent. As early as the middle of January, pre-sales of the coins started to appear on eBay promising rolls of the new design obtained on the release day (February 11th) and stamped and canceled by the post office indicating that date. The seller asked (and many paid) $35 for a single roll of these coins with the knowledge they were to be obtained and canceled in Springfield on February 11th. If a buyer just wanted a roll obtained and canceled in Washington, D.C., the going price was only $25. Continue reading →
The United States Mint is planning to hold an official launch ceremony and coin exchange for the new 2010 Lincoln Cent this coming Thursday, February 11, 2010 in Springfield, Illinois.
Containing an image of a union shield with a scroll draped across it, the new design will be featured on the one-cent coins for the foreseeable future. The new design comes on the heels of four new cents that were released in 2009 to celebrate the bicentennial of the birth of Abraham Lincoln, who is featured on the obverse of the cent (and has been since 1909).
You would think that with the official release from the US Mint of the Lincoln Coin and Chronicles almost two weeks ago now, excitement would be completely gone over the set. This does not appear to be the case, however.
A quick glance at the time of this posting shows over 200 of the collections still being featured on eBay (see the eBay auctions shown below). Obviously, some enterprising individuals were able to get their hands on a set (or more with the help of friends and family) and are now looking to make some money off of them.
Those interested in placing an order today for the Lincoln Coin and Chronicles Set issued by the US Mint were probably more than a bit irritated, at least if they attempted to do so around the launch time of Noon (Eastern).
Multiple reports have indicated that website users experienced long delays, if they could even get the site to load. An error message of "connection was reset" or "Service Unavailable" greeted many collectors as they attempted to add a set to their cart and then check-out.
As it did for previous designs, the Mint will offer an exchange following the release ceremony for the new coin in Springfield, Illinois. This ceremony will take place at 10 AM (Central Time) on the grounds of the Old State Capitol building, a place Lincoln knew well as he worked there both as a lawyer and politician.
The US Mint has updated their product release schedule for the month of August. While this schedule is not comprehensive and is subject to change, it does give collectors a firmer idea of product availability.