Update on Royal Australian Mint Apollo 11 Commemorative Set
With the pre-sale of the Royal Australian Mint’s 2019 two-coin set honoring the 50th Anniversary of Apollo 11 beginning, a customer service representative from the Mint clarified their shipping policy.
After purchasing the set for AU$177.27 on their website (US$123.96, up 32-cents from yesterday), they charge a flat rate of AU$35.00 (US$22.37) for shipping. Packages are shipped using Auspost eParcel which provides tracking numbers that will be available to users of the U.S. Postal Service’s tracking system.
If there are import fees and taxes, the USPS will collect those from you before delivery.
According to the Royal Australian Mint representative, the 50th Anniversary of the Lunar Landing two Coin Set will not be offered for direct sale in the United States because of licensing agreements. However, that does not affect sales on the secondary market.
Purchasing one set and having it shipped to the United States will cost AU$212.27 (US$148.43) plus surcharges added onto your credit card for the currency exchange.
My Afternoon with TJ
With a light work load, I was able to take the afternoon off and travel to 9th Street, NW in Washington, DC, the headquarters of the United States Mint. The building is a plain, white stone office building at the corner of 9th and H Streets, a block away from Chinatown and the Verizon Center. It has the official US Mint seal over the front door, flags flying overhead, and a sandwich board sign announcing the sales counter sitting on the street near the front door.
I made the trek downtown after noon by taking the Capital Beltway to the George Washington Parkway. The GW Parkway is owned by the National Park Service and is a nice drive through the trees along the Virginia side of the Potomac River. A turn to North I-395 and I was heading into downtown DC. Driving in downtown DC is not like other big cities. The streets are wider, cleaner, and you have to watch for double-parked vehicles in strange places. But I made it to the Mint’s headquarters.
When I entered the lobby, there were several people in line for the sales counter. I joined the line so I could purchase a 2007 proof set. Next to the line were three change machines, the type you might see at an arcade or laundromat. As I scanned the machines from right to left, the first machine dispensed Sacagawea Dollars. Insert any bill, and the machine would drop the equivalent amount in Sacagawea Dollars. The next machine to its left was filled with Idaho quarters. With Idaho being the current issue in the 50 State Quarters program, this machine changed four quarters for one paper dollar. Ironically, this machine did not accept one-dollar coins.
Finally, with a queue of its own, was a machine set up to dispense presidential dollars. With today being the first day of issue for the Thomas Jefferson Dollar, people were lined up to obtain this coin. As I waited to purchase a proof set, I watched as someone with a backpack and a fist-full of twenties feed the machine. As the coins were dropped in the outside bin, he placed the coins into white plastic trays. When a tray was full, he placed the coins into a plastic zip bag and into his backpack. It appeared as if the tray was the size of five rolls. He was filling his third tray as I was leaving.
When it was my turn at the counter, I was told that the last proof set was sold while I was waiting. Ironically, I was at the Philadelphia Mint last week trying to purchase a proof set when the power went out. The Mint did not reopen that day and I went home without a proof set. I guess I will have to order the set online. Then I set my sights on the machines. Three twenty dollar bills and one five dollar bill later, I had my stash of Jefferson dollars and left… after stopping for two dollars of Idaho quarters and eight Sacagawea dollars.
I returned home to a hungry dog who needed a walk. After taking care of his needs, I went to my computer, opened the blinds, turned on the Ott Lite, and started to examine the coins. First they were separated by type, then by mint mark. I found 29 Jefferson dollars from Philadelphia and 36 from Denver. Only one of my eight Sacagawea dollars were from Philadelphia and all of the Idaho quarters were from Denver. Not bad for being closer to Philadelphia! Then I focused on the Jefferson dollars. Any coin with a visible nick or problem was set aside. I was looking for clean surfaces, no visible scarring on the high points, and good luster. Finally, I used my loupe to find the best.
In the end I found 22 coins I was confident would do well under NGC’s scrutiny. I logged on to NGC’s website and filled in the online order form. With the coins, order form, and a check packaged, I drove to the nearby Post Office, which is the main distribution station for the region, and was told that Express Mail was a two-day guarantee delivery to Sarasota. I wonder if this has anything to do with Sarasota being referred to as “the Redneck Riviera” according to MSNBC’s Joe Scarborough.
All that work for the First Day of Issue designation on the holder. The last time I did this was for the Washington dollars. The next time will be for Abraham Lincoln. To borrow a phrase from Billy Joel, “You may be right/I may be crazy,” but I am having fun!
Teletrade to Auction Largest Gold Coin
Have you ever wondered what a million dollars looks like? The picture to the right is Ian Russell, President of Teletrade, holding a one-ounce gold coin while leaning over the unique C$1 million coin. Yes, that large disk is a coin. In early May, the Royal Canadian Mint announced the production of a 100 kilogram (about 220 pounds, or 3,215 troy ounces) .99999 fine gold coin. With the price of gold as I type this currently at $666.60, its melt value is over $2.14 million!
Teletrade, a division of Spectrum Numismatics International, is using the coin to advertise a new service for investors to purchase precious metal bullion coins. Not only it is the first coin of its type, but it is the most expensive coin offered in an Internet-only format. Teletrade displayed the coin being auctioned at the American Numismatic Association World’s Fair of Money recently held in Milwaukee.
As I type this, the current bid is $1.65 million. If you cannot find that much money between the cushions of your couch, you can get special financing from Collateral Finance Corporation, also a division of Spectrum. Happy bidding!
Image courtesy of Teletrade
Jefferson Dollar Debuts
I just spoke with a friend who brought his two children attended the introduction of the Jefferson Dollar coin. The festivities were held this morning at the Jefferson Memorial, a beautiful marble structure with a bronze statue of our third president in the middle. The renovated structure now has a bookstore, restrooms, and concessions. But on this day, Mint Director Edmund Moy, President of the Thomas Jefferson Foundation Daniel P. Jordan, and a Jefferson re-enactor held a Thomas Jefferson quiz along with the release of the coin.
I was told that the event included about 100 school-age children who had taken part in the Jefferson quiz. With parents, chaperons, onlookers, and the press, my friend estimated about 250-300 people attended the festivities. About $50 in coins were given to children who answered questions. Following the press conference, people were given the opportunity to exchange up to $5 in currency for coins. My friend reported that few of the Mint’s employees followed that rule and allows some to even purchase rolls at face value.
Rolls were popular amongst the speculators looking for edge errors. My friend opened his roll in his car to check the edges. Although he did not find any errors, he did receive a roll of coins struck in Denver.
For the rest of us, the coins will be released into circulation tomorrow, August 16. I will be playing hooky to go to the Mint’s headquarters in the District in order to stuff the in-lobby machine with $5 bills to trade for Jefferson coins. From there, I will be heading to the main Post Office on Massachusetts Avenue, the one next to the National Postal Museum, to send the coins directly to NGC for First Day of Issue grading.
Yes, the First Day of Issue designation is a bit crazy, but I think there is an “oh neat” factor at work. Besides, I have other plans for these coins. Stay tuned!
New ANA Board Puts Executive Director on Paid Leave
In keeping with their campaign promises to resolve the issues with the operations of the American Numismatic Association, the newly installed Board of Governors voted to place Executive Director Chris Cipoletti on paid leave and to appoint a special audit committee to look at the ANA’s finances and determine whether a full audit is necessary.
Cipoletti has been a controversial figure with the new Board members, but was placed on leave to prepare for an employment case which he is a co-defendant with the ANA that will begin in September. Former ANA president Ken Hallenbeck will serve as acting executive director and will be assisted by Kim Kiick. Cipoletti will provide reports to the Board regarding these preparations before the beginning of the trial.
The new Board also appointed a new counselor to assist on legal matters.
It was reported that all of these votes were unanimous with the exception of the vote on Cipoletti. For that vote, Ed Rochette abstained. Rochette preceded Cipoletti as Executive Director and felt that the up coming trial could represent a conflict of interest.
Kudos to the new ANA Board of Governors for acting so quickly and decisively.
Finding Common Cents
I have been traveling and trying to wrap up a project over the last few weeks. One of my ventures included a trip to the US Mint facility in Philadelphia. I will write about my trip shortly. In the mean time, I found something on the Internet worth sharing.
Can you remember what a Lincoln Cent looks like? Do not look in your pocket. Go to this page titled Common Cents and see how you compare to others.