Got a spare $87,475,000?
That’s what the U.S. Mint hopes to extract from coin collectors with the Apollo 11 commemorative coin program.
I think it is fair to say that not everything will sell.
The question this morning among potential buyers is what will sell out.
There is a huge focus on the new proof 2019-P .999 fine 5-ounce silver dollar.
Mintage sounds low at 100,000.
Price is $224.95.
To sell out, buyers will have to pony up $22,495,000.
If this coin were being offered alone, it would probably be a certain sellout.
The household order limit is 5 coins.
In my mind, at the top of the sellout list should be the two-coin half dollar set.
It features a proof 2019-S cupped Apollo 11 coin as well as an enhanced reverse proof 2019-S Kennedy half dollar.
Maximum sales are 100,000 sets.
Price is $53.95.
So $5,395,000 can get them all.
Household order limit is 5.
The 2019-W proof gold $5 is priced at $418.75.
For ease of calculation, I will divide the 50,000 mintage between the proof and the 2019-W uncirculated $5.
The proof is $418.75. The uncirculated is $408.75.
To buy the proofs requires $10,468,750.
For the uncirculateds, the figure is $10,218,750.
Combined, the number is $20,687,500.
The household order limit is 1, yes that’s one, coin.
The combined total price is almost as much as the 5-ounce silver proof needs to sell out.
The 2019-P proof .999 fine silver dollar is $54.95.
Multiply by half the 400,000 total mintage and you get $10,990,000.
For the 2019-P uncirculated silver dollar, the numbers are $51.95 times 200,000 to reach $10,390,00.
A 400,000 coin sellout requires $21,385,000.
Order limit for either dollar coins is 100.
The proof 2019-S clad half dollar is $27.95. The uncirculated 2019-D is $25.95.
Multiplying the two prices by half of the remaining maximum mintage of 650,000 looks this way.
$27.95 times 325,000 equals 9,083,750.
$25.95 times 325,000 equals $8,433,750.
Combined, the total is $17,517,500.
Remember that the two-coin clad set maximum of 100,000 must be subtracted from the 750,000 maximum half dollar mintage.
Half of 650,000 is 325,000.
There is no order limit for the half dollars. Not even the Mint believes these will sell out.
Looking at all the figures, I think the two-coin half dollar set is a sure sellout.
The 5-ounce silver proof is a likely sellout.
Fighting it out will be the gold $5 and silver dollar.
They will sell out if collectors throw caution to the wind and spend more money than they have been willing to spend in recent years.
Apollo 11 is a compelling theme.
Cupped coins make them even more attractive.
I have had precisely one reader say he doesn’t like having the coins cupped.
Perhaps there will be a split decision with the dollar selling out and the gold $5 not.
Silver, after all, is more popular.
There is one last point to consider.
Buying one of everything will cost a collector $1,267.20.
Those are the numbers.
We will find out at noon Eastern Time whether they are constraints or merely targets to hit.
Buzz blogger Dave Harper won the Numismatic Literary Guild Award for Best Blog for the third time in 2017 . He is editor of the weekly newspaper "Numismatic News."
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