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Wow! Presidential Dollars are now just Annual Commemoratives
19Lyds
Posts: 26,492 ✭✭✭✭
With the new pricing, it's gonna cost collectors $282.60 every year just to get a roll of the coins to pick the best for a collection and if you throw in the Native American, add another $70.60 to the mix.
It's gonna suck.
It's gonna suck.
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
The name is LEE!
The name is LEE!
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Comments
I knew it would happen.
Love it.
Jim
will be a guaranteed rarity. Buy a few of each, sit back for five, ten years, then sell 'em and retire early!
will be a guaranteed rarity. Buy a few of each, sit back for five, ten years, then sell 'em and retire early!
We'll have to work an extra 5 years past retirement age just to pay for them.
I knew it would happen.
<< <i>"Ninety-nine percent of all lawyers give the rest a bad name....."
Love it. >>
Yeah i gotta change that.
The name is LEE!
<< <i>This bodes poorly for the Vice Presidential dollar program... >>
.................................................................................................................
Does this mean the Second Spouse $4 aluminum coin series is on hold??
<< <i>
<< <i>This bodes poorly for the Vice Presidential dollar program... >>
.................................................................................................................
Does this mean the Second Spouse $4 aluminum coin series is on hold?? >>
I think they are going to skip directly to the Third Spouse program.....
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
<< <i>With the new pricing, it's gonna cost collectors $282.60 every year just to get a roll of the coins to pick the best for a collection and if you throw in the Native American, add another $70.60 to the mix.
It's gonna suck. >>
They are only going to sell to collectors in the future, so I doubt rolls will be available. I am thinking they will sold in mint sets only, but I may be wrong. I only need one of each anyway.
<< <i>
<< <i>With the new pricing, it's gonna cost collectors $282.60 every year just to get a roll of the coins to pick the best for a collection and if you throw in the Native American, add another $70.60 to the mix.
It's gonna suck. >>
They are only going to sell to collectors in the future, so I doubt rolls will be available. I am thinking they will sold in mint sets only, but I may be wrong. I only need one of each anyway. >>
The January 30th online coin World talks about Presidential Dollar Pricing in the Federal Register.
$32.95 per mint roll (P&D) plus $4.95 shipping.
If the US Mint Sets continue with the 2011 quality of their Brilliant Uncirculated coins then that will be a viable alternative. Unless you collect Mint Sets in which case, one for the Mint Set Collection and one to butcher. Of course, not all coins are equal in the Mint Sets.
The Presidential Uncirculated Set might work as well depending upon whats actually in the set. I excpet it'll only be by President which would put each coin at $8.48 each plus shipping.
These are going to be expensive to collect anymore. First Day of issue will also be a thing of the past. Will the FDI Values Drop?
The name is LEE!
<< <i>Just think, though --- interest (and therefore sales) will be so low, even among coin collectors, that each issue
will be a guaranteed rarity. Buy a few of each, sit back for five, ten years, then sell 'em and retire early! >>
Assuming anyone wants them!
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>I have visions of a program crashing. >>
Sometimes that's a good thing. Maybe they'll quit screwing with a good thing and go back to the original concept in the late 90s of the modern dollar with Sac on the obv and a flying eagle on the reverse. Was the best looking coin we had and they screwed it up.
Just like the quarters. Can we just return to some new designed eagle on the reverse in 2012 or are we going to have to endure 10 more years of the mint commemorating something like national landmarks and monuments? I'm just 41, but I'm beginning to fear that I saw the last issue of a regular quarter in 1998.
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<< <i>I think I'll hold on to my money and wait for the First Dog series to be announced. Or did I miss something?
First pet! They should have done that.. it would have sold the heck out of First Spouses. Teddy Roosevelt had a hyena, Coolidge had a wallaby.
<< <i>I have visions of a program crashing. >>
Program meaning the programs that the TPG's set up but as for the Presidential Dollars, they're required by Law to Produce them.
I expect mintages will be basement low like the Kennedy's. Probably around 500,000 for each President? Maybe Less. MEL/DEL/WEL error's will be practically non-existent. Those that are found might sell for thousands to the right collector.
First Day of Issue is officially dead until they get rid of that stupid paper buck and start producing these again! First Strike and Early Release will only apply to Mint Set Coins or Proofs.
No doubt, it's going to be a hard pill to swallow and perhaps, if we're still around in a 100 years, the coins might have some value but the one thing I've learned over the past 9 years is that if nobody cares then it doesn't really matter how rare an item might be. It just will not have much value at all!
Someone has to want it before you can sell it!
I'm bummed. Really bummed!
The name is LEE!
Program meaning the programs that the TPG's set up but as for the Presidential Dollars, they're required by Law to Produce them.
I expect mintages will be basement low like the Kennedy's. Probably around 500,000 for each President? Maybe Less. MEL/DEL/WEL error's will be practically non-existent. Those that are found might sell for thousands to the right collector.
First Day of Issue is officially dead until they get rid of that stupid paper buck and start producing these again! First Strike and Early Release will only apply to Mint Set Coins or Proofs.
No doubt, it's going to be a hard pill to swallow and perhaps, if we're still around in a 100 years, the coins might have some value but the one thing I've learned over the past 9 years is that if nobody cares then it doesn't really matter how rare an item might be. It just will not have much value at all!
Someone has to want it before you can sell it!
I'm bummed. Really bummed!
I think the TPGs will find a way to get around the First Day of Issue. Perhaps they will accept a first 30 day window of the sealed mint products like the box of $250, but these probably will not have a stamped date on them at all like the $1K boxes. They seem to change the rules a lot. In 07 they changed the rules allowing sealed $1K boxes with the first day of issue date stamped on them so you can send them in anytime. So anything is possible. I have zero interest in the series.
Box of 20
<< <i>I think I'll hold on to my money and wait for the First Dog series to be announced. Or did I miss something?
thats already coming out in 2020. happy hunting
...i guess we could kiss off the direct ship option for any prez bucks, yes
Tuesday, January 24, 2012
Dear United States Mint Customer,
The United States Mint will be processing subscription orders for the 2012 Presidential $1 Coin Proof Set in approximately 4 weeks.
...
I guess this won't be happening, the USM Product Schedule page says:
TBD.
_Reset
<< <i>Why not just get a couple rolls from the bank and pick the best coin out of those lots? >>
...they won't be available through the banks anymore. 2011 was the last year for that option.
<< <i>
<< <i>Why not just get a couple rolls from the bank and pick the best coin out of those lots? >>
...they won't be available through the banks anymore. 2011 was the last year for that option.
I did not know that. Well so much for my bank roll obtained collection.
<< <i>
<< <i>
<< <i>With the new pricing, it's gonna cost collectors $282.60 every year just to get a roll of the coins to pick the best for a collection and if you throw in the Native American, add another $70.60 to the mix.
It's gonna suck. >>
They are only going to sell to collectors in the future, so I doubt rolls will be available. I am thinking they will sold in mint sets only, but I may be wrong. I only need one of each anyway. >>
The January 30th online coin World talks about Presidential Dollar Pricing in the Federal Register.
$32.95 per mint roll (P&D) plus $4.95 shipping.
If the US Mint Sets continue with the 2011 quality of their Brilliant Uncirculated coins then that will be a viable alternative. Unless you collect Mint Sets in which case, one for the Mint Set Collection and one to butcher. Of course, not all coins are equal in the Mint Sets.
The Presidential Uncirculated Set might work as well depending upon whats actually in the set. I excpet it'll only be by President which would put each coin at $8.48 each plus shipping.
These are going to be expensive to collect anymore. First Day of issue will also be a thing of the past. Will the FDI Values Drop? >>
Will the Prez FDI drop? They have. Hit TT and you can build a high grade set for next to nothing. Look at how far they've dropped in the last 2 years. Was a time, you would see them on TT, and the prices would be in the hundreds of $$, now, just a fraction. I know...I bought into them early on, and bailed when they started the drop, and it wasn't a gradual thing...it seemed like one day they were heads, the next day tails. I got lucky that I didn't lose my shorts AND shoes on them, just my shorts...so I consider myself lucky and feel like I made money, because if I waited until now, man, they'd be worth cracking out and spending them. Unless you have a pop 1 top pop, you basically have nothing. I'll continue to get a FDCC, just in case, but, other than that, they do look nice in a Dansco. The MEL's, different story (the GW's, on TT, prices are all over the place).....but no designation will help the series out....noone wants them, period. The shine has worn off, and it wore off rather quickly. They graded the FDCC sets ATS, and you could find them on the bay, not in great numbers, but they were there. Now, try to find them. I wonder what the % is of those they grade now, as opposed to early on? FDI's, are dead, unless, as I said, you have a pop 1/0, and thats only for the registry gamers......thats just my opinion, but I was a registry player, and was lucky I got as much as I did when I dumped them. If I had even waited 6 months longer, I would have gotten thumped on them.
``https://ebay.us/m/KxolR5
I have a complete set of P & D mint U.S. Mint wrapped rolls, along with a complete set of P & D OBW rolls.
I am seriously considering unloading all of the OBW rolls at my bank and depositing the proceeds into my account.
Sure, I paid a premium for some of the D mint coins that I could not get on the east coast.
I'm thinking of getting out while the getting is good, or probably as good as it going to get.
I too played in the FDI/PCGS registry game. I also have a complete set of FDCC in a Lighthouse album and a complete FDCC set unopened.
In a way I guess it's good they squashed the series as it will save a good bit money.
Money that I can use to buy better collector type coins, classic gold, and classic commemorative coins.
Any thoughts are welcome. Thanks
Edit: spelling
Sugar magnolia blossoms blooming, heads all empty and I don't care ...
<< <i>I don't collect these. I had high hopes for the series. I have about 130 MS 65/66 Washington PCGS First Day still. PCGS changed the rules mid game and allowed sealed boxes with the first day of issue stamped on them to get the First Day of Issue label. Could never get rid of them. Oh well.
Program meaning the programs that the TPG's set up but as for the Presidential Dollars, they're required by Law to Produce them.
I expect mintages will be basement low like the Kennedy's. Probably around 500,000 for each President? Maybe Less. MEL/DEL/WEL error's will be practically non-existent. Those that are found might sell for thousands to the right collector.
First Day of Issue is officially dead until they get rid of that stupid paper buck and start producing these again! First Strike and Early Release will only apply to Mint Set Coins or Proofs.
No doubt, it's going to be a hard pill to swallow and perhaps, if we're still around in a 100 years, the coins might have some value but the one thing I've learned over the past 9 years is that if nobody cares then it doesn't really matter how rare an item might be. It just will not have much value at all!
Someone has to want it before you can sell it!
I'm bummed. Really bummed!
I think the TPGs will find a way to get around the First Day of Issue. Perhaps they will accept a first 30 day window of the sealed mint products like the box of $250, but these probably will not have a stamped date on them at all like the $1K boxes. They seem to change the rules a lot. In 07 they changed the rules allowing sealed $1K boxes with the first day of issue date stamped on them so you can send them in anytime. So anything is possible. I have zero interest in the series. >>
I imagine that a "MINT SEALED BOX" still in sealed shipping box and labeled will work for FDI.
Since Currently Proof Sets and the like can meet those restrictions, IF the shipping box is not opened.
So, FDI is NOT dead!
They are just making it more complicated and expensive to do.
Gardnerville, NV
=========================
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<< <i>
<< <i>I don't collect these. I had high hopes for the series. I have about 130 MS 65/66 Washington PCGS First Day still. PCGS changed the rules mid game and allowed sealed boxes with the first day of issue stamped on them to get the First Day of Issue label. Could never get rid of them. Oh well.
Program meaning the programs that the TPG's set up but as for the Presidential Dollars, they're required by Law to Produce them.
I expect mintages will be basement low like the Kennedy's. Probably around 500,000 for each President? Maybe Less. MEL/DEL/WEL error's will be practically non-existent. Those that are found might sell for thousands to the right collector.
First Day of Issue is officially dead until they get rid of that stupid paper buck and start producing these again! First Strike and Early Release will only apply to Mint Set Coins or Proofs.
No doubt, it's going to be a hard pill to swallow and perhaps, if we're still around in a 100 years, the coins might have some value but the one thing I've learned over the past 9 years is that if nobody cares then it doesn't really matter how rare an item might be. It just will not have much value at all!
Someone has to want it before you can sell it!
I'm bummed. Really bummed!
I think the TPGs will find a way to get around the First Day of Issue. Perhaps they will accept a first 30 day window of the sealed mint products like the box of $250, but these probably will not have a stamped date on them at all like the $1K boxes. They seem to change the rules a lot. In 07 they changed the rules allowing sealed $1K boxes with the first day of issue date stamped on them so you can send them in anytime. So anything is possible. I have zero interest in the series. >>
I imagine that a "MINT SEALED BOX" still in sealed shipping box and labeled will work for FDI.
Since Currently Proof Sets and the like can meet those restrictions, IF the shipping box is not opened.
So, FDI is NOT dead!
They are just making it more complicated and expensive to do. >>
Labeled with what? The shipping date?
Exactly how will anybody get a shipping date on a US Mint sent package that equals the day of release? Chester Arthur, the 1st for 2012, will have a release date for rools and bags. That date has always been the date the coins were to be released from banks and is the official FDI date.
For examples sake, lets say Chester Arthur is "released" on 3/15/2012. Thats the day you get to order rolls and bags. Lets say you go ahead and order them. Whats to guarantee that they actually get shipped on that day?
An alternative is the First Day Coin Covers provided the US Mint doesn't scrap that program but those are gonna be super expensive. They can be prescreened but usually these are junk coins.
Another alternative might be US Mint Sets since these are typically released before all the dollar coins have been released but, it still leaves holes in the FDI coins.
PCGS is going to have to address this new "wrinkle" in the Presidential Dollar FDI Program.
The name is LEE!
I had visions of passing along my collections to my sons when I died, who would hopefully keep the collections current through their years & then hand them down to their kids to continue, etc, .... figuring that SOME day, cash/coins would be completely replaced by debit/credit/electronic means, and they'd have some pretty neat historical sets in their possession.
But starting with JFK's and then Sac's, then some of the state/territory/ATB quarter rolls, and now the Pres $'s, they're killing that dream!
In most cases, we have 2 or 3 sets between us to maintain, P&D. It's definitely not worth buying a roll or various bags/boxes of each just to get the few of each we need, and it's not fair either to "depend on the kindness of strangers" for the few we need out of the rolls, boxes, or bags they have to overpay for, either. It's such a shame.......
I HAD been buying a proof set for each son to keep them current since their birth year. But they have become so overpriced for even the base metal sets (that only seem to LOSE value over their lifetime) that I finally ended my auto-buy plan with the Mint effective this year. I'm not about to start going after overpriced Mint sets now to get P's & D's of each coin now, either......
So it looks like I will just have to start thinking of JFK's, Sac's/N.A.'s, & Pres $'s as NCLT's & end my collecting them effective 2012, since I have to decide on an "all-or-nothing" approach, and I just can't see going "all-in" anymore..............
I guess the money I save will have to go towards older (and much nicer, IMHO) silver coins to fill some existing holes, but a big part of the joy of "collecting from circulation" that I started out with 40+ years ago with my grandparents will be lost starting this year............
What a shame............
- - Dave
<< <i>With the new pricing, it's gonna cost collectors $282.60 every year just to get a roll of the coins to pick the best for a collection and if you throw in the Native American, add another $70.60 to the mix.
It's gonna suck. >>
There is a solution to this. You can just say "No." If the artwork isn't better on the subsequent pieces, you won't be missing much any way.
<< <i>This bodes poorly for the Vice Presidential dollar program... >>
When comes to vice presidents, a special spot in the Hall of Shame belongs to Spiro Agnew. The man took bribes from state contractors when he was governor of Maryland and kept on taking them when he became vice president. When his crimes came to light, he pled “no contest” in court and resigned from office.
There is a hallway in the Capital that leads to the Senate chambers that has statures of all the vice presidents lining it because it is the vice president’s job to reside over the Senate. There was a delay in the execution and placement in the Agnew statue after he resigned, and the “oversight” was not corrected until just before his death when the politicians held a dedication ceremony for him.
I thought that the politicians missed an opportunity. I was all for the Agnew monument, but it should have been about an inch tall. That would have equaled his ethical stature.
As for the Agnew vice presidential dollar, perhaps it could be struck on pressed cow chips.
Box of 20
<< <i>
<< <i>
<< <i>I don't collect these. I had high hopes for the series. I have about 130 MS 65/66 Washington PCGS First Day still. PCGS changed the rules mid game and allowed sealed boxes with the first day of issue stamped on them to get the First Day of Issue label. Could never get rid of them. Oh well.
Program meaning the programs that the TPG's set up but as for the Presidential Dollars, they're required by Law to Produce them.
I expect mintages will be basement low like the Kennedy's. Probably around 500,000 for each President? Maybe Less. MEL/DEL/WEL error's will be practically non-existent. Those that are found might sell for thousands to the right collector.
First Day of Issue is officially dead until they get rid of that stupid paper buck and start producing these again! First Strike and Early Release will only apply to Mint Set Coins or Proofs.
No doubt, it's going to be a hard pill to swallow and perhaps, if we're still around in a 100 years, the coins might have some value but the one thing I've learned over the past 9 years is that if nobody cares then it doesn't really matter how rare an item might be. It just will not have much value at all!
Someone has to want it before you can sell it!
I'm bummed. Really bummed!
I think the TPGs will find a way to get around the First Day of Issue. Perhaps they will accept a first 30 day window of the sealed mint products like the box of $250, but these probably will not have a stamped date on them at all like the $1K boxes. They seem to change the rules a lot. In 07 they changed the rules allowing sealed $1K boxes with the first day of issue date stamped on them so you can send them in anytime. So anything is possible. I have zero interest in the series. >>
I imagine that a "MINT SEALED BOX" still in sealed shipping box and labeled will work for FDI.
Since Currently Proof Sets and the like can meet those restrictions, IF the shipping box is not opened.
So, FDI is NOT dead!
They are just making it more complicated and expensive to do. >>
Labeled with what? The shipping date?
Exactly how will anybody get a shipping date on a US Mint sent package that equals the day of release? Chester Arthur, the 1st for 2012, will have a release date for rools and bags. That date has always been the date the coins were to be released from banks and is the official FDI date.
For examples sake, lets say Chester Arthur is "released" on 3/15/2012. Thats the day you get to order rolls and bags. Lets say you go ahead and order them. Whats to guarantee that they actually get shipped on that day?
An alternative is the First Day Coin Covers provided the US Mint doesn't scrap that program but those are gonna be super expensive. They can be prescreened but usually these are junk coins.
Another alternative might be US Mint Sets since these are typically released before all the dollar coins have been released but, it still leaves holes in the FDI coins.
PCGS is going to have to address this new "wrinkle" in the Presidential Dollar FDI Program. >>
FDOI will either be trashed or some new standard will have to be created to designate FDOI.
But What Standard????
They went off the paper seal on the $1000 boxes that showed "Do Not Open Before XX/XX/XXXX"
Now, will they monitor the US Mint shipping dates and only take those shipped on the first day??? How do they do that???
What about those of us who can go out and buy them at the various Mint sales counters on the first day of release??? Would they be excluded? Sealed Mint Shipping Boxes only?? or Both??? Sealed Mint Shipping boxes with a specific date (how they figure out the first day, I don't know) OR postmarked on the first day of release?
OR for those who might be enterprising.... enclosed in any sealed shipping container with a ship date/postmark of the release date. (so, I can buy them for people and mail them out to people who would then submit my sealed boxes to PCGS)
this will be interesting.
<< <i>I remember the 2009 Lincoln Rolls actually had dates on the boxes when packaged. Do the Presidential Rolls have dates on the unopened cartons? >>
In the past, the boxed single rolls did.(not sure if they still do) However, someone from the Mint would have to release the first date off the boxes. And then they'd have to do FIFO orders with FIFO box dates or a few people would freak. Perhaps those few dealers seeking FDOI labels can arrange something with the Mint???
<< <i>What about those of us who can go out and buy them at the various Mint sales counters on the first day of release??? Would they be excluded? >>
No.
If you can get the,m postmarked on that release day, which is hopefully the official release date, you could submit those coins 100 at a time as a bulk submission. Your only exclusion is that you need to be an Authorized PCGS Dealer to submit them.
I guess the cost per roll would be another exclusion since these won't be "face value" rolls regardless of where you get them.
Of course the upside "could" be a short FDOI Set.
I didn't think so.
The name is LEE!