Is there any future for holding onto rolls of Pres Dollars?

Halfhunter06

Do you think they will go up in value in years to come..or am I wasting my time and money. I have from Washington on up, mix of UNC rolls of P and D.

tahoe98

...in my opinion i don't think they would make a good investment. too many minted. the only real worth would be

if copper skyrocketed, then maybe metal content would pay off. the bucks are about 75% copper i believe.

pitboss

Put your money in your 401k.

19Lyds

Personally, I don't think so at this point in time but I'm sure folks felt this way in 1983 about those stinking Clad Washington Quarters. (REF)

It's totally your choice and decision and from an economics standpoint, it just doesn't make cents since that $25 is not gathering any interest. From a collectibles standpoint, it's really anybodies guess but my guess is that given the "prosperity" of the economy back in 2007, lot's of folks stuck these away. As the series progresses (with lower mintages) and the economy deteriorates, it might not be too bad of an idea if you can afford it.

However, it could be 10 or 20 years if not longer before any real appreciation occurs.

19Lyds

<< <i>...in my opinion i don't think they would make a good investment. too many minted. the only real worth would be

if copper skyrocketed, then maybe metal content would pay off. the bucks are about 75% copper i believe. >>



To address mintages:

They could make 100 billion of them but if nobody puts them away they'll be worth their weight in gold in the future.

The Washington's auction I linked had a Philadelphia mintage of 673,535,000 and a Denver mintage of 617,806,446 yet look at the bid on that roll of "AU" coins. Thats a $10 roll of coins which had a total mintage of 1.3 Billion coins folks.

ricko

Holding these coins (for investment purposes) flies in the face of economic logic, numismatic reasoning and common sense. They will not be of any significant numismatic value in our lifetimes - and likely the lifetimes of our great grand children. Cheers, RickO

sinin1

what doe you consider a future?


depending on what happens in our country in next few years


I could see them worth $40-50 with gas over $5/gal in 10 years



or worth $30-$40 in 25 years


they will not go below issue price if you used the direct ship

but your rate of return may not seem great

19Lyds

<< <i>Holding these coins (for investment purposes) flies in the face of economic logic, numismatic reasoning and common sense. They will not be of any significant numismatic value in our lifetimes - and likely the lifetimes of our great grand children. Cheers, RickO >>





You must have your own stash hidden away.

I was just thinking this morning, how easy it would have been to have squirreled away a few rolls of those quarters. How amazingly easy!
At the time, I was buying rolls of Kennedy's for a small premium but never once stopped to consider the Washington. Or any other coin for that matter but I did want to get a roll set of Kennedy's.

I would expect that rolls of the early releases will be quite common but rolls of the latter coins with the lower mintages will fall into the uncommon territory.

If the paper dollar gets replaced, which I expect it will since the man in power knows its a cost saving venture and he's not afraid of negative publicity, I expect that uncirculated rolls may get a little bit more respect.

Once folks realize that there is quite a variety of coins available, some may seriously start collecting these from circulation and then who knows, the series could get quite popular.

I think it's way to early though and it's all just speculation. Kinda like Microsoft stock. Certainly not comparing this "value wise" to Microsoft stock since I didn't buy any in 1982 and I don't have any today but the comparison point is: "I kinda wish I had". I'm also certain that if I had money to toss around back in 1982, I would have purchased that stock despite the nay-sayers.

Again, its up to the individual and whether or not they can afford to make that gamble.

crazyhounddog

I don't believe these coins are a good investment by any stretch of the imagination just for the simple reasons that people don't spend them, they are made of undesirable alloy, and they're ugly as hell.... Sorry but I really don't like them at all. I for one would love to see anything else on our U.S. coins other than dead presidents....

500Bay

The only way this would be a good investment is if some variety were later found. Seeing how these issues have been examinied to death already, I doubt it has very good odds. I'd deposit them in the bank or spend them.

291fifth

The treasury vaults are full of them.

Spend 'em, Dann-o!

sinin1

how do these hold up in circulation?

I read somewhere they turn green? how can that be?

TwoSides2aCoin

<< <i>Do you think they will go up in value in years to come..or am I wasting my time and money. I have from Washington on up, mix of UNC rolls of P and D. >>



I would think it wasted time to purchase rolls if one isn't picking the highest grade out for the album. The money isn't wasted if it's in your possession, on the other hand.
I think they will double in price , as collectibles go. A collector who needs Millard Fillmore, John Adams, or Abe Lincoln just might pay two dollars for it, in the future. That's my opinion.

19Lyds

<< <i>

<< <i>Do you think they will go up in value in years to come..or am I wasting my time and money. I have from Washington on up, mix of UNC rolls of P and D. >>



I would think it wasted time to purchase rolls if one isn't picking the highest grade out for the album. The money isn't wasted if it's in your possession, on the other hand.
I think they will double in price , as collectibles go. A collector who needs Millard Fillmore, John Adams, or Abe Lincoln just might pay two dollars for it, in the future. That's my opinion. >>



And its a very good opinion!



<< <i>for the simple reasons that people don't spend them, they are made of undesirable alloy, and they're ugly as hell >>



While trying not to disparage your comments and yet trying to put the OP's question into the proper perspective, do you suppose that this one sold for $2,400 because of its "precious metal content" remembering also that dollar coins have never really circulated and some folks did not particularly care for this design.

Of course there's always the counter that "This is an awesome design and I just love it!" but then most of us weren't around in 1893 were we? I expect that most folks "love" a particular design because of the rarity/cost factor and in 2020 or even 2030 collecting "tastes" could very well change.

MsMorrisine

<< <i>how do these hold up in circulation?

I read somewhere they turn green? how can that be? >>



well, generalizing can lead to danger...

cents -> RD -> RB -> BN but we've seen lots of toners of a variety of colors.



With the cent as an example... many of the colored golden dollars I have seen were an ugly, matte, dark, sandy/dirty brown.


I've recently come across 3 that I had lying about and they had a lot of thick verdigris splotches on each side. (They were quarrantined and quickly turned into the change machine)

And somewhere awaiting a picture is my Avatar Adams: bright sky blue and purple... mostly on the face (bright lighting not required to view)

I've also come across some Fluro. greens/limes/yellows (but not worth filming)


they can turn some funky colors.

Overdate

You can already trade two presidential dollars for a "rare" two dollar bill!

renman95

I think there is some upside to these dollars. Look at the early statehood quarters that no one saved due to the very high mintages. Some of those rolls are 3X, 4X, 5X face. If you can get these dollar rolls for face, why not...if you have the space. I just bought a couple of Fillmore rolls to put away for $50. Worst case scenario is a small savings plan with about the same interest as a passbook savings account at the local bank....0.01%.

ChrisRx

yes, they will skyrocket in value.

Hyperion

not in our lifetime, unless some bizzare error crops up from this largely neglected series. then, they'll go.

pf70collector

Don't forget what inflation will do these rolls also. Slowly eroding today's value.

tahoe98

<< <i>how do these hold up in circulation?

I read somewhere they turn green? how can that be? >>



....this isn't a prez buck but it is the same composition and size but not green.

pennyannie

All of the banks i use and go to hate these coins. I have over 400 rolls and trying to just cash back in does not make the bank happy. I am still buying them just cause it keeps me from spending money. I take my regular coin allowance and turn it into pres dollars if i do not buy my allotment of coins for the month. I found keeping 100 dollar bills in the safe was not a good way to save money. I always found myself grabbing a few for other reasons. Now with the pres dollars i am not tempted and ask the wife for a blank check instead of spending pres dollars. That said i think many, many rolls are sitting and put back and will never be worth any real preminum.

HalfStrike

I think that the mintages up to this point have been too high to get much appreciation and mintages are still dropping. If they get low enough then you would want to own the lowest mintages only.

Overdate

I think there's better potential appreciation in the First Spouse gold series.

Like the recently discontinued Anna Harrison uncirculated with a mintage that is likely less than 4,000.

rooksmith

Interesting thread. I think 1998-D roosevelt dime rolls are going to be hot in 2050.

IrishMikey

If you sold them, what would you do with the money? Coin collecting is a hobby that
every now and then makes a profit, but mostly it makes us happy. How can you put
a price on this?

tydye

My wife was collecting a roll for each of the kids. Spent it on 999 this past weekend for the kids. Spend them

TennesseeDave

Sounds like you are saving some $ and that is a good thing in todays economy.I doubt they will ever be worth much more that face,but as long as you are paying $25 /roll you cant go wrong by putting away a few rolls.I just cashed in 50 rolls of Statehood Quarters from 99-08