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Will Chronicles set sell out?

Chronicles.jpgThe final 50,000 proof 2009 Abraham Lincoln commemorative silver dollars will finally hit the market Oct. 15 when the Lincoln Coin and Chronicles Set is placed on sale by the U.S. Mint.

Price of the set is $55.95 and there will be a five-set-per-household limit imposed. (Reduced to one, 9/29)

It has been roughly six months since the proof and uncirculated versions of the Lincoln commemorative silver dollar sold out rapidly. There were 325,000 proofs sold and 125,000 uncirculateds taken by collectors in just six weeks to bring total sales to 450,000 coins.

In contrast, sales of Louis Braille silver dollars are just over 165,000 after being on sale since March.

Overall, there is a limit of 500,000 on the Lincoln commemorative silver dollars, so the Chronicles set will have  a maximum run of 50,000.

Potential buyers will be doing the math to see if a sellout of this final tranche of Lincoln dollars is likely and making mental projections as to possible profits from selling them on the secondary market.

If every buyer takes the maximum, it will take only 10,000 buyers to grab the entire issue. (Changed to 50,000, 9/29)

After potential buyers are done with all of their calculations, will they notice how good the set looks? I hope so. It is well done, but I know that art takes second place to calculations of scarcity.

In this Year of Lincoln, do you think this set will sell out?

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4 Responses to Will Chronicles set sell out?

  1. Brad says:

    Oh, NO!!! FIVE sets per household? Even at ONE set per household, this one was a sure-fire sellout in a matter of hours.

    There are going to be a LOT of disappointed collectors on October 15th, and a lot of HAPPY scalpers!

  2. Larry Cullen says:

    Hi, Dave,
    I’m a bit confused! Your post has an individual limit of five (5) sets per customer but the mint site states that the limit will be one (1) per customer. Did something change on either end? Please be kind enough to let us know. Thanks a million, Larry

  3. RICH says:

    To ensure the broadest and most fair access to the United States Mint Lincoln Coin and Chronicles Set, a limit of one (1) unit per household is in effect for this product during the first 30 days of its release. At the end of the initial 30-day period, and each 30-day period thereafter, the United States Mint will re-evaluate this limit and either extend, adjust or remove

    THIS IS A COPY/PASTE FROM US.MINT WEB SITE

  4. Dave Harper says:

    This is what readers are for. Information that was provided to me by the Mint was changed later in the decision-making process. Someone there apparently sees the logic that Brad employed in the first posting on this thread.

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