Is the Presidential Dollar Series over?
jmski52
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Do you think that Congress will stir the pot and authorize additional coins when a former President becomes eligible two years after his death, or is the series done?
What will the Mint do to keep those employees busy now, if they aren't working on Presidential Dollars?
What will the Mint do to keep those employees busy now, if they aren't working on Presidential Dollars?
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I knew it would happen.
I knew it would happen.
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Well, IF there is this continuation of a stagnant or even growing collector base, then one needs to analyze as best as they can, the collecting habits of the new participants. New collectors will have grown up seeing state quarters, sacs, prez bux circulating for the majority of their lives. Similar to how many of the older guys on this site collect what they grew up collecting. Not saying everyone fits into this mold, but its something to take note of.
Series might have been a disaster, but I am going to say that I bet 20 years from now, new collectors will still be wanting to put together a nice set just like how they did with the state quarters when they were younger. Does that mean that the entire set will be a good investment? No idea, but it might make the C&C sets a winner with the reverse proofs.
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Don't give up hope for the series quite yet - Trump may be able to repeal the law and get himself on all current and future currency and coins...
^^ THIS
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Do you think that Congress will stir the pot and authorize additional coins when a former President becomes eligible two years after his death, or is the series done?
What will the Mint do to keep those employees busy now, if they aren't working on Presidential Dollars?
It's over, dead and done. And shame on Carr for suggesting they continue with another brassbuck series.
The mintage of the brass bucks is minuscule compared to the other coins the mint presses out. I doubt they'd even notice them gone...
What happens next? Does the dollar coin revert back to just the Sac?
Yes.
New collectors will have grown up seeing state quarters, sacs, prez bux circulating for the majority of their lives.
Unless I specifically went to the post office to get dollar coins back from the postage machines, I think I've gotten exactly 5 brassbucks back in change, in four transactions. 4 of them were NA dollars, the other was a James Buchanan. (Oh, I was also given a Rutherford Hayes by a guy who was a relative.)
Over my lifetime, I think I've gotten more Ike's in change than Sacabucks or Prezibucks.
Does anyone actually see brassbucks circulate outside of a business that uses dollar coins?
1. Change their ordering procedures which would cost more money
2. Retrain existing cashiers
What the Federal Government failed to do was deduct the cost of "delivery" so that merchants could apply for rebates when they paid to order the dollar coin AND eliminate the paper dollar.
Since the creation of the paper note, dollar coins have never had a chance to be incorporated into the daily routines of modern commerce.
As such, until the Federal Government wakes up from it's ignorant stupor, dollar coins of base metal will never be very popular and this particular series will simply rot away in countless Federal Storage vaults.
If anybody thinks that prices are low now, just give it a year or so because without collector impetus and support, no coins series will ever have a chance.
And no, I do not think that Congress will do anything after Carter or Bush bite the big banana.
The name is LEE!