Commemorating the Circulation Release in a Unique Way
First Day Coin Covers help collectors commemorate the first strike and/or the circulation release of newly minted coins. This type of product allows the display of the coins in a special holder in which both sides of the coin are visible. The holder is then placed in a specially designed envelope that keeps the coins visible. After the envelope is stamped, it is immediately cancelled on the official release day of the newly minted coin. In this process, the coin may also be tied with a stamp design, particularly when there is a ceremonial release of the coin. In this case, there may also be a special cancellation design for the stamp as well.
While private coin collectors and dealers have issued their own Covers for years, the US Mint began issuing their own in 1999 with the introduction of the commemorative state quarters. The US Mint’s covers also include editions marking the Sacagawea dollar and the five Jefferson nickel reverse designs in addition to the Presidential dollar and six more quarter designs.
These issues enjoyed wide popularity with the US Mint selling tens of thousands or more per issue. As the popularity died down, some of these can now be purchased on the secondary market for less than the original issue price.