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The Mint sold 8,750,000 Trump $1 coins this morning
250,000 of these will have a special July 4 privy mark
The coins are currently available for backorder; resellers and collectors bought up the initial supply
The US Mint has drawn inspiration from the most fashionable African dictatorships by slapping a living president’s likeness on newly circulating currency. Nearly nine million $1 coins with Trump’s face were sold this morning, 250,000 of which featured a special July 4th privy mark. Collectors are absolutely foaming at the mouth for these, and we’re already seeing a market emerge for the privy marked coins.
The Semiquincentennial President Donald J. Trump $1 Coin features Trump’s portrait on the obverse and the Presidential Seal on the reverse, with a “250” worked into the shield to mark America’s semiquincentennial. Struck at the Philadelphia Mint with a circulating finish, the coins have never actually entered circulation, though they’re still legal tender at face value.
The Mint announced the coins yesterday and opened preorders this morning, offering 150,000 25-coin rolls at $61 and 50,000 100-coin bags at $154.50, a combined 8.75 million coins. The rolls stayed in stock for several hours before flipping to “available for backorder,” meaning the Mint has to strike more coins to fill remaining demand. A household order limit of two stays in place until 2pm ET Thursday, September 3rd.
Of the 8.75 million coins in this release, 250,000 were struck on July 4th and carry a special privy mark, the same setup we saw with the Liberty Bell quarters earlier this year.
Resellers who missed the initial window aren’t necessarily out of luck, but the smart money says backordered rolls won’t include July 4th coins. Only a limited batch was struck on the holiday itself, and the consensus is that those coins already went out with orders placed before backorder status kicked in.
Presale listings for the Trump coins are already live on eBay. Standard individual coins are going for around $5 apiece, while July 4th privy mark coins are pulling in presale offers north of $500.
If you kept up with the craze for July 4 privy marked quarters earlier this year, this. Those quarters ended up reselling for $500 to $1,000 early on once collectors confirmed the first sales, and demand hasn’t fully cooled since. Those quarters continue to resell for $100+ today.
Speaking of which, there was a notable wrinkle in their distribution that may apply to this new batch of Trump coins. When the Mint shipped out July 4 quarters to banks, collectors noted that the allocations were wildly uneven. It seemed like distribution was heavily clustered in the eastern and southern US, with some western states receiving significantly fewer coins.
Additionally, the coins weren’t evenly sprinkled into the mix. Instead, it seems like whole loads were dumped haphazardly into some boxes and entirely absent from others. One YouTuber recorded himself pulling over 800 July 4 quarters from a single box of 2,000 quarters.
Since these Trump coins are shipped direct to the customer from the Mint, the issues with certain regions being over or under-allocated shouldn’t be an issue. However, we may still see a prevalence of hot and cold rolls; with some collectors walking away with a ton of July 4 privy marked Trump coins from a single roll. In other words, a jackpot.
No matter which way you slice it, this is a fat flip. With individual coins reselling for five times their face value and the privy marked versions going for as much as $500, coin resellers will be eating when these coins ship.
As of this publication, 25-coin rolls are still available for backorder. It’s not clear exactly when these orders are expected to ship, and the consensus among collectors is that backordered rolls and bags will not include the July 4th privy marked coins. This hasn’t been confirmed, but it makes sense considering that only 250,000 of those coins were struck and have presumably already been distributed. If you missed the initial drop and you’re considering buying in, keep this information in mind.
Music & Movies
Autographed vinyl is selling for up to $1,000
Trading Cards
These might be Europe-exclusive
Trading Cards
Two men are wanted for the theft