2009 US Lincoln Coin and Chronicles Set Added to Mint Store
September 29, 2009 by Darrin Lee Unser · 1 Comment
The highly anticipated 2009 US Lincoln Coin and Chronicles Set was added Monday to the US Mint’s Online Store in preparation for its Noon (Eastern Time) launch on October 15, 2009.
Priced at $55.95, only 50,000 will be available because one of the coins within the set is a proof Lincoln Silver $1, and only 50,000 are left.
Stand alone Lincoln Commemorative Silver coins were originally offered in proof an uncirculated condition by the US Mint on February 12th of this year. Both sold out in under 44 days. In the end, 325,000 proof and 125,000 uncirculated coins were purchased by collectors. Add them up and it equals 450,000, leaving just 50,000 available for the new set since the authorizing Act of Congress mandated a maximum of 500,000 across both options.
The US Mint has placed an order limit of one per household on the set with demand expected to be strong. Most coin experts agree a sell-out will occur on the first day.
The proof coin alone sold for $37.95 when it was first offered, but demand has raised the secondary market prices for them significantly (see Lincoln Silver Coins Commanding Premiums). It would appear the $55.95 price tag on the set is a steal based on current conditions. Add in the additional coins and special packaging, and these are sure to be hot items.
In addition to one 2009-S Abraham Lincoln Commemorative Proof Silver Dollar, the set will also include four 2009-S Lincoln Proof Cents (one from each 2009 design), a reproduced Abraham Lincoln photograph, a reproduction of the Gettysburg Address in Lincoln’s handwriting and a certificate of Authenticity all in a slip-covered leather-like tri-fold case.
Lincoln Silver Dollar coins are struck from 90% silver and 10% copper to a diameter of 1.5 inches (38.10 mm).
Lincoln Proof Cents are actually struck from the same alloy used in the original 1909 Lincoln Cent which was composed of 95 percent copper and 5 percent tin and zinc. Modern pennies utilize a 97.5 zinc, 2.5% copper blend. The four cents are also available separately in the US Mint Lincoln One Cent Proof Set for $7.95.
Proof version of these 2009 US Lincoln Cents will be in the Lincoln Coin & Chronicles Set
All of these coins were created this year to celebrate the bi-centennial of Abraham Lincoln’s birth as well as the centennial of the introduction of the Lincoln Cent to American coinage.
Abraham Lincoln was the 16th President of the United States and had the unfortunate duty of leading the country during the American Civil War. Almost immediately after hostilities were ceased, Lincoln was assassinated by a sympathizer of the defeated forces.
On October 15, 2009 at Noon (ET), the set can be ordered directly from the United States Mint Web site at http://www.usmint.gov, or by calling the toll-free number 1-800- USA-MINT (872-6468). Hearing- and speech-impaired customers may order by calling 1-888-321-MINT (6468).
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For more information on the set, also view US Mint Lincoln Coin and Chronicles Set.
The US Mint’s website crashed on 10/15/2009 and service center would not answer their phones. So how did the Lincoln Cronicles sell out in 24 hours? If the website had not crashed the set would have sold out in minutes… The problem with the mint is that they continued to isell subscriptions for proof and uncirculated silver and gold coins until the day they announced suspension of gold and silver Amrerican Eagles. BTW When you place an order with the US Mint your order is placed on a waiting list at the Mint’s distribution center. It doesn’t matter wheather your order is the first in the cue or the last, all orders are backorders (waiting list) until the distribution ceneter actually pulls the coin for shipment. The only way for customers to stop this is for all of us to demand the mint to generate a number corresponding to our position on the waiting list. If you are number 51,001 in a 50,000 coin issue then the customer knows that they should consider shopping for the coin on the seconary market.