Presidential dollars and future value
RYK
Posts: 35,796 ✭✭✭✭✭
When the Presidential dollar program started, I purchased some rolls of the first few Presidents to put aside, thinking maybe the children would be interested or maybe someday they would be worth something. Lots of coins get put away for that reason. Of course, this was not the case. I paid a small premium for them, so they are in the numismatic bucket, not the spending money bucket. I am considering spending them, unless someone can give me a well-reasoned explanation why they may be worth holding over time. Right now, they are taking up space in an already cluttered drawer.
On another related note, I just purchased another $250 "direct ship" brick of $1's from the US Mint. It took me about 9 months to spend the Native American $1's last year, but the family had a lot of fun doing it. Like the time my son asked for $20 to go to a movie. I asked him to hold out his hand, and he looked on in horror as I counted out 20 $1 coins.
On another related note, I just purchased another $250 "direct ship" brick of $1's from the US Mint. It took me about 9 months to spend the Native American $1's last year, but the family had a lot of fun doing it. Like the time my son asked for $20 to go to a movie. I asked him to hold out his hand, and he looked on in horror as I counted out 20 $1 coins.
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Comments
bob
I think maybe the mint issued Sacajawea rolls could have value someday.
<< <i>Like the time my son asked for $20 to go to a movie. I asked him to hold out his hand, and he looked on in horror as I counted out 20 $1 coins. >>
That poor boy. I hope he wasn't going on a date
<< <i>
<< <i>Like the time my son asked for $20 to go to a movie. I asked him to hold out his hand, and he looked on in horror as I counted out 20 $1 coins. >>
That poor boy. I hope he wasn't going on a date
Nah, he is too young for that.
(Yes, I went to a baby shower.)
If I were you, I would spend them. I don't think their numismatic value will keep up with the rate of inflation; they'll just depreciate as the cost of living increases. :-/
<< <i>On another related note, I just purchased another $250 "direct ship" brick of $1's from the US Mint. It took me about 9 months to spend the Native American $1's last year, but the family had a lot of fun doing it. Like the time my son asked for $20 to go to a movie. I asked him to hold out his hand, and he looked on in horror as I counted out 20 $1 coins. >>
Just took my daughter to see Tron 3D. I paid for our tickets with a handful of President Dollars. That cashier doesn't know how to count coins efficiently.
<< <i>
<< <i>On another related note, I just purchased another $250 "direct ship" brick of $1's from the US Mint. It took me about 9 months to spend the Native American $1's last year, but the family had a lot of fun doing it. Like the time my son asked for $20 to go to a movie. I asked him to hold out his hand, and he looked on in horror as I counted out 20 $1 coins. >>
Just took my daughter to see Tron 3D. I paid for our tickets with a handful of President Dollars. That cashier doesn't know how to count coins efficiently. >>
Next time pay them in Ameros!!!
Get the US Mint Sealed Presidential Dollars First Day Coin Cover series.
They are FIRST Day of Issue, Certified by US MINT.
2010 Abraham Lincoln $1 Coin Cover (P36) at US Mint
NGC puts together a great encasement/slab if you want to go that far, but otherwise if not certified by US Mint, to me ANY PD in the series is just a 7 cent slug.
The current commotion going on for the America the Beautiful Series reminds me of the time that a group of 3-4 members (Floridabill, myself and others led the charge) on the PCGS Coin Fourm purchased nearly 20-25% of the TOTAL US Mint production of the George Washington Presidential Dollar First Day Coin Cover Series (50K Units @ $14.95ea. ) and were seling them near $50 each on EBay.
We were buying them by the Case units (50 per).
I still have nearly 300 Units, 200 I opened and kept. My hoard have an enomus number of Mint Errors, it is stunning! All certfied First day of Issue ;>
Casman got a hold of Case #1 of 1,000 of the GW FDCC and sold that and made a killing. Funny thing is he's doing that now for the ABT's, lol!
The US Mint then imposed 10 Unit limits for the next series for Adams (10 per household).
You would have thought that the US Mint would have learned a lesson on the George Washington Presidential Dollar First Day Coin Cover debacle were 3-4 secondary buyers step in and cornered the market. We were NOT even authorized and they put limits on the series! In the ABT, the MINT created the Cartel!!. LOL, Idiots, I swear, not one of them would make a go of it in a real business, not one!
But would like to ask if the mint sealed boxes of them will ever be worth the premium paid for them. I have a bunch of them also.
<< <i>
<< <i>On another related note, I just purchased another $250 "direct ship" brick of $1's from the US Mint. It took me about 9 months to spend the Native American $1's last year, but the family had a lot of fun doing it. Like the time my son asked for $20 to go to a movie. I asked him to hold out his hand, and he looked on in horror as I counted out 20 $1 coins. >>
Just took my daughter to see Tron 3D. I paid for our tickets with a handful of President Dollars. That cashier doesn't know how to count coins efficiently. >>
Spend some of those Peace dollars!
<< <i>On another related note, I just purchased another $250 "direct ship" brick of $1's from the US Mint. It took me about 9 months to spend the Native American $1's last year, but the family had a lot of fun doing it. Like the time my son asked for $20 to go to a movie. I asked him to hold out his hand, and he looked on in horror as I counted out 20 $1 coins. >>
Ha! I do that with the wife when she doesn't go to the ATM on her own.....she gets ready to leave for work and says "ummm...do you have any cash so I can buy lunch today?" And I reach over, grab a roll and say "have $25"...heh......her co-workers thought it was cool at first and then they started laughing at her. Of course, now she does rifle my wallet if I am not careful
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
My Adolph A. Weinman signature
<< <i>Definitely not worth saving.... spend them while they are still spendable... Cheers, RickO >>
Well, I am going to go downstairs right now and give my son his allowance...
<< <i>Definitely not worth saving.... spend them while they are still spendable... Cheers, RickO >>
Well, expert numismatist and former president of the ANA, David L. Ganz, might disagree with you.
While we are talking about the new dollar coins. Every week or so I ask my local bank for a roll to spend. I'm looking for several in the series to have one of each so I ask if they have any new rolls.
Several times they tell me yes and I get a roll of George Washingtons. So everyone is right on about these coins not circulating.
Anyways, I think you'll be out of luck on those too.
EAC 6024
Nobody today wants to carry change in their pockets because it is useless.
Years ago change meant something unlike today it's just a nuisance.
<< <i>Nobody today wants to carry change in their pockets because it is useless.
Years ago change meant something unlike today it's just a nuisance. >>
AWhen silver was used in American coinage, it really only involved 2 out of the 4 coins used on a daily basis anyway. Folks used halves back then as much as they do now and the silver dollar was never used in regular daily commercial transactions since most folks just hoarded them away due to the dates. Silver was not considered anything "special" on the change front so a pocket full back then had the exact same nuisance value as it does today.
I just got back from England where they have the following coin denominations:
1 penny
2 pence
5 pence
10 pence
20 pence
50 pence
One pound
Two pounds
Yet..............nobody whines about the lack of One pound or Two pound notes. They simply use the coins afforded them.
As for our Dollar coins, numismatically speaking, only the error's and high grade examples have any value but then, thats true for ANY current US coin. I personally don't think that rolls of the dollar coins will ever garner any significant value in our lifetimes or even our childrens lifetimes and unless you are a roll hoarder, seeing any type of profit will be difficult.
The name is LEE!
...i agree lee. hey that rhymes!
2007-P John Adams (1)
2010-P Lincoln (6)
2010-P Sac (4)
I have a few misc loose Pres $'s to trade, as well as some loose 2010-D Sacs & what I believe to be a 2010-D Sac roll.
Please PM me if interested.
Thanks!
- - Dave
Almost $1300 face.
John
Never view my other linked pages. They aren't coin related.
Try getting any 66's or 67's.
These might in fact be the only way to collect them.
bob
All were PCGS graded MS66 and "First Day Issue."
I paid on average $23/pc. back in 2007.
Current PCGS Price Guide: ~$50
Here were the results"
$4.50
$2.84
$6.49
$4.25
$2.26
$2.26
Hope that helps anyone thinking about collecting/buying/hoarding these coins.
These coins are best given to YN's with their collecting future way ahead of them!!!
Better yet, they work great as tokens for light rail and subway systems!!!
<< <i>I sold 6 Geo. Wash. Presidential Dollars on eBay in December 2010.
All were PCGS graded MS66 and "First Day Issue."
I paid on average $23/pc. back in 2007.
Current PCGS Price Guide: ~$50
Here were the results"
$4.50
$2.84
$6.49
$4.25
$2.26
$2.26
I have heard enough. I will spend them ASAP!
Although I have had a roll of Tylers in my jacket pocket for over a week and haven't spent one yet.....