Im buying a $1000 box for each presidential dollar

ChrisRx

My question...
Is it a good investment? (why/whynot)
And any suggestions?
Thanks!
-Chris

clw54

What does each one cost?

ChrisRx

Sorry, let me rephrase...
Im buying $1000 face boxes for each president.
There is a lady at a local bank that will order and hold one aside for me for each president.

persaus

Why ? .....There will be 1,000,000,000,000,000,000,000,000,000, of them

clw54

I see, face value. I'm getting sleepy.

That's over $30,000 tied up in presidential dollars. Still, it's less risky than spending that much on other coins, I'd think.

ChrisRx

<< <i> Why ? .....There will be 1,000,000,000,000,000,000,000,000,000, of them >>



Yes, BUT there will be that one with a little less mintage than the rest and the price will creep up.
I'm thinking that if they on average go to 2 or 3 bucks a piece after it's all over... thats about 100k!

BECOKA

They will never hit $2 each. If one ends up with a lower mintage keep it but track it each year and dump the high mintage ones and invest the grand in mutual funds. It will most likely have a higher rate of return.

cladking

That's a large risk and a storage nightmare.

It could be a good investment but it's unlikely to prove profitable in the near future. These coins
are unlikely to be ignored but some specific presidents could get overlooked.

I'd suggest throwing in the towel on any issue that appears to be common after a couple years.
This can be difficult to determine but can be marked by an active market with a low premium. As
you give up on the various issues you might want to go through and check for gems and varieties
before cashing them in.

There is every possibility that this could do very well but it's not extremely likely.

Good luck.

RegistryCoin

I agree with CK.

dthigpen

All you risk losing is profit potential on interest. It's not a 'bad' investment per-se, but at the same time, it isn't really an investment, it's just a relatively safe gamble. Make sure they're stored securely like others have noted.

TommyB

Good Lord, I got tired of having one each of the State Quarter rolls in the 2nd year. Good luck.

TB

Type2

If that is what you want to do then do it,It's your money they will be worth 1.00 ea.

ziggy29

It's like putting $1,000 into a savings account that pays no interest, really...

morgansforever

It's safe, you won't loose money, but I doubt there will be any substantial return.

I'm still holding on to my 04P Peace nickels, have two $100 boxes unopened, was offered $500 each, turned it down, holding out.

notwilight

Are any of the state quarters worth more than face? I think not.

dieabolical

Whoa, you were offered a 400% return on '04 nickels and you turned it down?
That's quite a premium.
Do you have a picture of the DDO?
I'm sitting on a pile of nickels and didn't realize that was something to scour for.

morgansforever

<<Are any of the state quarters worth more than face? I think not.>>

Really, how about double face. The 99's seem to bring a premium over the other years.

delaware link

Goldbully

<< <i>

<< <i> Why ? .....There will be 1,000,000,000,000,000,000,000,000,000, of them >>



Yes, BUT there will be that one with a little less mintage than the rest and the price will creep up.
I'm thinking that if they on average go to 2 or 3 bucks a piece after it's all over... thats about 100k! >>




How did you arrive at 100k???....is that $$$$$$$$$$???

My math:

2 x 1000= $2k
3 x 1000= $3k

pf70collector

Factor in rate of inflation each year eroding away at your initial investment of $1000 at face. I wouldn't do it. Collect a few rolls of each yes but not an entire box. Although I like this series, I don't see much of an investment on these. Lincoln, Washington and Jefferson yes a box would be ok.

FullStrike

If in 20 years you find that YOUR $1000.00 boxes are the only ones out there then you will have reason to be happy. If on the other hand, you find out thousands of hoarders and the GSA have been holding back $50,000,000.00 of each issue ....... then someone will not be feeling so good.

ziggy29

<< <i>If in 20 years you find that YOUR $1000.00 boxes are the only ones out there then you will have reason to be happy. If on the other hand, you find out thousands of hoarders and the GSA have been holding back $50,000,000.00 of each issue ....... then someone will not be feeling so good. >>

In any event, 20 years from now I expect 90% of them to still be mint state anyway -- at least as long as the ragbuck continues to be produced.

BlackBeard

<< <i> How did you arrive at 100k???....is that $$$$$$$$$$???

My math:

2 x 1000= $2k
3 x 1000= $3k >>



I think he is refering to after the series is over 1000 per issue X 30+ issues = 30,000 coins then you use the future value multiplier.

RedTiger

$8,000 a year put away in presidential dollars? Gotta be kidding me? In my opinion, this is really a bad idea.

A person with a bank contact, would be better off hoarding nickels, or cents, at least they have bullion value and a high chance of being discontinued before the dollar series is over. Even so, $8,000 a year is too much money to devote to the project unless a person is a multimillionaire, with a good safe place for storage, that can handle the weight.

FatMan

I might suggest the best way to enjoy the boxes and maybe make some money would be to buy them, search them for a handfull of the best, and spend the rest. Sounds like a lot of fun at no risk.

19Lyds

IMO, no, not a good investment but a very good opportunity!

If I could do this, I would search the box for gems and return the rest for the next issue but as far as hanging on to them, the loss in interest would be huge!

38 presidents and a P and D box for each comes up to $76,000 sitting in the basement.......................

LincolnCentMan

I think you'll be happy about the GW dollars in a couple of years. Even I put back a box of those. My net risk is basicly $50 a year in intrest. Since there is the possibility of the rolls having smoothies in it, and most OBWR's were opened by people looking for smoothies, I think the origional rolls for those are looking pretty dang attractive. Unless there's an error coin for a particular issue, though, I dont think I'd put back a box of them.

-David

springbok

I'm doing the same. I also think one of them will pop in price, not sure which one, so gotta get them all. I think I will hold them on average 18months, then sell out/liquidate to finance the next one.

Nysoto

LOUSY IDEA. How will you liquidate 76,000 dollars? They may retail for $2 or $3 in 20 years, but don't expect a dealer to pay more than a dollar each wholesale. You could spend a decade trying to sell them on ebay, without any gain. You may get lucky on a couple of submissions, after losing thousands on grading fees. Millions of collectors have this same plan on a smaller scale, I plan to buy one roll each without expecting any gains.

Remember pre-1982 Lincolns cents are worth more than face for copper value, but try to find someone who will pay more than 1 cent each!

A Roth IRA, in a conservative bank CD, would be a much more prudent investment.

hughesm1

<< <i>...These coins are unlikely to be ignored but some specific presidents could get overlooked... >>



OK that does it! I'm stocking up on Millard Fillmore dollars.

AnkurJ

You know what you COULD do, you could take the coins and fill up a big vault like Uncle Scrooge and swim in the coins every day ;-)

AJ

ChrisRx

<< <i>'m doing the same. I also think one of them will pop in price, not sure which one, so gotta get them all. I think I will hold them on average 18months, then sell out/liquidate to finance the next one. >>



That was kinda the plan...
An I am not collected P and D.... just one or the other.
4k a year isn't too much for me just to see how it goes....
When the series is over I was hoping to make 1000 sets of them and sell them in a nice folder for make twice face value (is what i'm hoping) since people will be paying for the convenience of not going from back to bank... since I have never even got a Washington in change!

ChrisRx

lol at aj!

cladking

A 1997-D nickel roll wholesales for $44.

Anyone who thinks you can't make a profit on this deal might be very mistaken.

When you consider that a '97 nickel roll has almost zero demand a price of $44
is quite remarkable. It's probably far scarcer than the '50-D nickel which whole-
sales around $700.

Lakesammman

Have you calculated opportunities lost and inflation??

I would buy bags - good boat anchors.

TwoSides2aCoin

According to Rule 72, your money should double within about 72 hours of purchase. (providing you put it on ebay promising riches)
However, after the initial onslaught , to achieve the same results will take about 100 years.

ddink

<< <i>you won't loose money >>



Inflation?

seemyauction

I think it could be a good investment, I know a dealer that buys and sells state quarters.

They buy $10,000 worth for face when they come out and sell them for 35 cents all day long. What does not sell after a while the dealer can hold them or just deposit them back into the bank.

when the Minnesota double die error frist came out we looked through his and found over 500 error coins, they averaged over 100 bucks each....

You may never find one error coin in all your boxes, but you can never loose money....They are still worth a buck each.....If nothing else it is a great way to save money....

I like the way you are thinking.....


AL

fc

i find this thread interesting only because i wanted to see each
member shoot holes in your idea. the ones supporting the idea
sure aint going to do it themselves. So with that being said, you
are on your own.

Baley

Why a whole box? If you must, Buy a whole box each pres/mm, search them and set aside the best 25 or 50 or 100, spend the rest. Also set aside any errors.

you'll get most of the bang for your "bucks" with these higher condition coins and varieties (if you're lucky enough to find any of the "released" ones) without tying up so much capital.

tlbrown

Chris, My 2 cents is to invest in the upcoming Presidential Proof Sets if your into this series. Those I believe will increase in value whether you keep as is or grade. Good Luck........

19Lyds

<< <i>A 1997-D nickel roll wholesales for $44.

Anyone who thinks you can't make a profit on this deal might be very mistaken.

When you consider that a '97 nickel roll has almost zero demand a price of $44
is quite remarkable. It's probably far scarcer than the '50-D nickel which whole-
sales around $700. >>



This could be very true cladking except that everybody and his brother is saving Presidential dollars and very few individuals could have cared less about the 1997 Jefferson in 1997!

ChuckC

At the end of the run, I would put together complete BU sets and start a little Ebay business. You'd probably double your $30k investment.

Edit: Just read...I see you already pointed out the idea. I think it would be fun.

WinPitcher

I see no problem with doing this either. I assume that these rolls/boxes will be bought at face. At anytime the OP can just cash out. I see no downside here, only loss of potential interest if it is held the entire time.


Good Luck,

Steve

Cocoinut

Rather than selling complete sets at the end of the series for twice face value, you'd be better off selling them by the roll in the year of issue. You can see them advertised in Coin World for $37.95-$39.95 by many dealers. Of course, that's only after pulling out the high grades and searching for errors. This is the best move, provided they continue to make hundreds of millions of eachg design, which I believe is very unlikely. Does anyone here really believe that the Mint will turn out a billion unwanted coins every year for the next 10 years? If there's no demand for them from banks, they'll probably resort to making them for sale to collectors, with none released for circulation. Then they may become collectable.

If by chance the mintages remain high, average coins won't be worth keeping. Look what happens the the purchasing power of $1,000 over 10 years (using an inflation factor of 3%):

1,000.00
970.00 End of year 1
940.90 End of year 2
912.67 End of year 3
885.29 End of year 4
858.73 End of year 5
832.97 End of year 6
807.98 End of year 7
783.74 End of year 8
760.23 End of year 9
737.42 End of year 10

If you can sell 25-coin rolls for $35 in the year of issue, you'll have $1400. Invested and compounded at 4%, that grows to $2,072 at the end of 10 years. After factoring in inflation of 3%, it's $1,527.93 in today's dollars, but it's better than losing ground each year. As another board member has said, you'd do better putting the money into mutual funds.

frostbyte

I'd say buy them and slowly search for the best quality ones. Try and find 67's. Then spend the rest on your lunches. I really enjoy spending them. People always look surprised. I even had a few ask their boss if they were even real. Then the boss didn't know and a guy behind me in line paid for me and took my coins since he wanted them, but couldn't find any himself. Pretty funny. Save only the best of the best for long term.

TwoSides2aCoin

Here we are six and half years later. I could use a few coins for inventory. And I never would have dreamt when this started that I would be a coin shop owner looking for a few of these for "collectors". How time flies.

Anyone collecting these ?

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coinguy1989

<< <i>Factor in rate of inflation each year eroding away at your initial investment of $1000 at face. I wouldn't do it. Collect a few rolls of each yes but not an entire box. Although I like this series, I don't see much of an investment on these. Lincoln, Washington and Jefferson yes a box would be ok. >>



This. If you have a lot of time on your hand, you could order a $1000 box of each and keep one roll, searching the rest for errors or varieties.

oreville

Look at the sudden price rise of the UNCIRCULATED 1999 Susan B Anthony Dollars!

Now bid $4.50 ask $5.00

Unknown

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Overdate

I think the recent First Spouse coins, with mintages in the 2000-to-4000 range, are a better play for the long run.