THe Golden Dollars Political Boondoggle of our time?

jabba

There might be 56 different dollars by 2018. The original golden dollar, 45 Presidential dollars, and the Native American dollar.

I can see it now:
The year is 2262
Weeks after rumors spread about the billions of golden dollars stored in the treasury vaults tens of thousands of people lined up on this record 105 deg. day in January (global warming) in out Nations capital to exchange amero credits for bags of the shiny golden dollars.

MidLifeCrisis

Pretty good...

OneCent

Mintages on the presidential dollars will drop significantly after this year. There is little if any public interest.

Zoins

If they are, then they may have a bright collecting future ahead of them, if one considers Morgans the political boondoggle of their time. From a historical perspective, Morgan Dollars were not considered the most attractive and affectionately called "Buzzard Dollars" when they were in circulation. So if the golden dollars are considered ugly today, that may not hurt their future collectability either. An interesting comparison with Morgans is that many business strike moderns today are not being saved in high grades but golden dollars are. So like Morgans, in the future collectors of today's coins may turn to the golden dollars to find high grade business strike specimens.

OneCent

Morgan Dollars are silver. Presidential dollars are what, magnesium?

Big difference, imho.

Zoins

I'm not sure how much material will matter in the future. After all, people like collecting cents and they're copper.

I think it's hard to predict the future collectibility of the golden dollars. There's probably as much data for predicting they will be collectible vs. not collectible. There's the possibility that people move to type collecting in the future as well as whether the common coin market will become less collectible as a whole.

OneCent

They will be and are collectible. However they are severely overminted, lack artistic value and are made of poor metal. I would not expect any real appreciation in numismatic value for the next 100 years.

Zoins

<< <i>they are severely overminted, lack artistic value and are made of poor metal. >>

That wouldn't be so different from many classic coins today. Many collectible classics today were considered to lack artistic value in their day, and many are made of poor metal. One very popular type was also severely over-minted but rather than harming it's collectibility, the over-minting actually enhances it.

<< <i>I would not expect any real appreciation in numismatic value for the next 100 years. >>

100 years is a long time for people but it's not that long for a coin, so it's not a big deal to a coin if it takes 100 years to gain more numismatic value, or even if it never gains it. It took decades for a prior political boondoggle to become highly collectible so I wouldn't consider these new ones down for the count.

Steve27

"THe Golden Dollars Political Boondoggle of our time?"

Nope, the Mint was hoping collectors would hold on to them (i.e. take them out of circulation like the State Quarters); they never expected them to circulate.

jmski52

Announcement - for those of us who simply can't get enough variety in our collections, the Mint has announced that the 2007 Mint Set will contain Presidential Dollars having Satin Finishes. How many varieties does that make now? I've lost track. Does it matter?

PerryHall

<< <i>"THe Golden Dollars Political Boondoggle of our time?"

Nope, the Mint was hoping collectors would hold on to them (i.e. take them out of circulation like the State Quarters); they never expected them to circulate. >>



Don't blame the mint. Pres dollars, state quarters, commems, etc were all mandated by congress.

roadrunner

Many Morgans were lost to attritrion because they were silver (ie wholesale meltings over the decades). Crap coinage will likely never be melted and hence will survive....unless a weapon is invented that uses the Prez dollars, Sacs or Susie B's for ammo.

roadrunner

tincup

<< <i>Morgan Dollars are silver. Presidential dollars are what, magnesium?

Big difference, imho. >>



Manganese.

notwilight

<< <i>

<< <i>Morgan Dollars are silver. Presidential dollars are what, magnesium? Big difference, imho. >>

Manganese. >>



Acutally mostly brass with a little manganese over a copper core.

Coinsponge

I can see it. Year 2262 and they are releasing the GSA slabbed dollars to be sold on HSN-Mars. Who knows.

mhammerman

I bet if you put a smidgen of silver in them (Oh, the horror!) those puppies would be spent and accepted with enthusiasm, maybe they might even get hoarded. So, maybe 1/20 th silver (what maybe 60 cents worth or 5% by composition, put in a little copper and some nickel and voila...currency that is actually worth something and a very collectible numismatic item. Heck, the Chinese might even want them.

Coin ON!

Coinsponge

<< <i>I bet if you put a smidgen of silver in them (Oh, the horror!) those puppies would be spent and accepted with enthusiasm, maybe they might even get hoarded. So, maybe 1/20 th silver (what maybe 60 cents worth or 5% by composition, put in a little copper and some nickel and voila...currency that is actually worth something and a very collectible numismatic item. Heck, the Chinese might even want them.

Coin ON! >>



I agree 100%. I think they are just too greedy. They make more with cheap metal. Heaven forbid they actually make a coin that has some real value.

Gemineye

<< <i>THe Golden Dollars Political Boondoggle of our time? >>


Not so.......It took a bit of time for the State Quarters to take off and then it went all out...once the general public started collecting them.The publicity and the general usuage and the Huge mintage of the State Quarters got them going.Eventually the Prez Dollars will be the same.The Huge mintages of the coins and the series collectability will be the driving force....

jabba

<< <i>

<< <i>THe Golden Dollars Political Boondoggle of our time? >>


Not so.......It took a bit of time for the State Quarters to take off and then it went all out...once the general public started collecting them.The publicity and the general usuage and the Huge mintage of the State Quarters got them going.Eventually the Prez Dollars will be the same.The Huge mintages of the coins and the series collectability will be the driving force.... >>



Yed but They didnt make two types of Quarters for circulation the state Quarters replaced the old type. We still have the dollar bill and again it looks like the golden dollar will not circulate. THe Morgan dollar was in circulation in some parts of the US and look how many of them still ended up stored. SO if they make 300 million a year way more than collectors will buy they will have to store them just like Morgans.

Gemineye

Any more future predictions?!?!!?....Let me know when I can sell my stock...!!!

messydesk

<< <i>There might be 56 different dollars by 2018. The original golden dollar, 45 Presidential dollars, and the Native American dollar.

I can see it now:
The year is 2262
Weeks after rumors spread about the billions of golden dollars stored in the treasury vaults tens of thousands of people lined up on this record 105 deg. day in January (global warming) in out Nations capital to exchange amero credits for bags of the shiny golden dollars. >>


And they'll still be less than half way through the 3143 county pennies.

sumnom

I can't wait for the county cent program! There will be edge lettering with different orientations and finishes. Each county cent will have rotating reverses depicting county commissioners and their spouces.