Pres. dollars and 1st day of issue/ new holders

Julio · February 14, 2007 5:09AM

Looks like I may posssibly be able to acquire the coins tomorrow. Question is: What do you all think.
Submit for grading if you can get them?
Heck no, you are looking at a couple grand in grading fees with no way to break even.
What say you. jws

dthigpen · February 14, 2007 5:11AM

<< Heck no, you are looking at a couple grand in grading fees with no way to break even. >>

I go with this option. Though I have a feeling that plenty here will think otherwise and starting hyping the First Day labels right after they get theirs.

ziggy29 · February 14, 2007 5:11AM

I say the whole "early release" gimmick is absurd and a discredit to the integrity of the hobby.

Preussen · February 14, 2007 5:13AM

For me personally, no (to grading). There'll probably be a market for them, but it's not for me. I plan to pick up a roll of each, keep the best one and spend the rest. -Preussen

holeinone1972 · February 14, 2007 5:14AM

I was thinking of doing it, buut I am not going to have access to the coins. I was thinking of maybe getting a few people to submit an order together and split it up.

Just a thought.

dthigpen · February 14, 2007 5:17AM

<< I was thinking of doing it, buut I am not going to have access to the coins. I was thinking of maybe getting a few people to submit an order together and split it up.

Just a thought. >>

You can all get together and make a spreadsheet and track the daily market price for them, too!

Gemineye · February 14, 2007 5:17AM

First day.. first week ..first month it makes no difference to me.It's the Buck in the plastic is what I'm after..and it's condition should match the grade on that slip of paper.All the rest is BS.....

holeinone1972 · February 14, 2007 5:18AM

<< 

<< I was thinking of doing it, buut I am not going to have access to the coins. I was thinking of maybe getting a few people to submit an order together and split it up.

Just a thought. >>

You can all get together and make a spreadsheet and track the daily market price for them, too! >>

Great idea. Thanks.

GUINZO1975 · February 14, 2007 5:27AM

Hi there from a newbie. I have just ordered a set of 20 (10 D and 10 P) with the "first day of issue" label from Shopathometv.com. Now I know that they are a ripoff, but this is a good deal. I got the 20 graded coins for $379.00. Now if you do the math, this is a good deal because it would cost you $15.00 dollars for each coin to get graded with the special label from NGC. Then you would have to ship the coins overnight which will cost you another $20.00 dollars or so. So lets do the math, 20 dollars for the coins + 300 dollars in grading fees + 20 dollars shipping overnight + return shipping 20.00 dollars = 380.00 dollars. This is not a bad deal............

ziggy29 · February 14, 2007 5:30AM

<< Hi there from a newbie. I have just ordered a set of 20 (10 D and 10 P) with the "first day of issue" label from Shopathometv.com. Now I know that they are a ripoff, but this is a good deal. I got the 20 graded coins for $379.00. Now if you do the math, this is a good deal because it would cost you $15.00 dollars for each coin to get graded with the special label from NGC. Then you would have to ship the coins overnight which will cost you another $20.00 dollars or so. So lets do the math, 20 dollars for the coins + 300 dollars in grading fees + 20 dollars shipping overnight + return shipping 20.00 dollars = 380.00 dollars. This is not a bad deal............ >>

Just because you might have to pay more than $19 to "roll your own" doesn't mean they'll be worth $19 or more. Slabbing pocket change is not a guaranteed path to profit.

holeinone1972 · February 14, 2007 5:34AM

<< Hi there from a newbie. I have just ordered a set of 20 (10 D and 10 P) with the "first day of issue" label from Shopathometv.com. Now I know that they are a ripoff, but this is a good deal. I got the 20 graded coins for $379.00. Now if you do the math, this is a good deal because it would cost you $15.00 dollars for each coin to get graded with the special label from NGC. Then you would have to ship the coins overnight which will cost you another $20.00 dollars or so. So lets do the math, 20 dollars for the coins + 300 dollars in grading fees + 20 dollars shipping overnight + return shipping 20.00 dollars = 380.00 dollars. This is not a bad deal............ >>

At what grade. BU gem.

You got screwed to the wall.

Cancell quickly.

Gemineye · February 14, 2007 5:34AM

To **GUINZO1975** if I'm not mistaken I believe they are graded BU coins???....don't mean to jump on a newbe but not a good deal..!!

GUINZO1975 · February 14, 2007 5:37AM

That's what it would cost me to actually grade the coins myself. I'd have to go to grand central to get them. Then i'd have to send them to NGC and wait at least 21 days. For the same price, I am getting them already graded and shipped to me in 7 days. I took a gamble on it, in my opinion, for $379 dollars, it's not a bad deal.

P.S.......I would like to thank all the board members who influenced me on purchasing the "W" uncirculated platinum. A lot of tips from board members have made a regular guy like me a lot of money.

08HALA20 · February 14, 2007 5:40AM

<< To **GUINZO1975** if I'm not mistaken I believe they are graded BU coins???....don't mean to jump on a newbe but not a good deal..!! >>

This is correct. cancel your order. you will be glad you did.

It is one thing to hear good wisdom another to listen.

Rookie Joe

Cladiator · February 14, 2007 5:42AM

TTHP

(This Thread Has Potential)

holeinone1972 · February 14, 2007 5:46AM

Not worth the breath, enjoy your new coins.

I hope you like them.

coinman420 · February 14, 2007 5:48AM

<< Hi there from a newbie. I have just ordered a set of 20 (10 D and 10 P) with the "first day of issue" label from Shopathometv.com. Now I know that they are a ripoff, but this is a good deal. I got the 20 graded coins for $379.00. Now if you do the math, this is a good deal because it would cost you $15.00 dollars for each coin to get graded with the special label from NGC. Then you would have to ship the coins overnight which will cost you another $20.00 dollars or so. So lets do the math, 20 dollars for the coins + 300 dollars in grading fees + 20 dollars shipping overnight + return shipping 20.00 dollars = 380.00 dollars. This is not a bad deal............ >>

i saw those on tv. they are authenticated but not graded. they are labeled gem BU. it will be hard to sell and get any more than your cost. my advice is cancel if you can.

dbldie55 · February 14, 2007 5:49AM

The shop at home coins are fine as long as you never try to recoup your investment in them. You paid $379 for $20 worth of coins. Hard to see the good deal in that. You can probably get the grading fees out of coins graded MS66, but if these are just "BU", you can never sell them for close to what you have in them.

Preussen · February 14, 2007 5:51AM

<< The shop at home coins are fine as long as you never try to recoup your investment in them. You paid $379 for $20 worth of coins. Hard to see the good deal in that. You can probably get the grading fees out of coins graded MS66, but if these are just "BU", you can never sell them for close to what you have in them. >>

This cannot be a good investment

. -Preussen

Pentimento · February 14, 2007 5:55AM

It is not about investment. This is about being sure that your coin is genuine, and the gem BU holders provide that peace of mind.

GUINZO1975 · February 14, 2007 5:55AM

I disagree. These are the "first day of issue" label. I think most people are label collectors and not coin collectors. "first strike", "early release", "20th anniversary", etc...... Anything with a label brings back a premium. The coins are all the same, the labels are different.

holeinone1972 · February 14, 2007 5:56AM

Troll or someone to clueless to help.

Enjoy.

ziggy29 · February 14, 2007 5:58AM

<< I disagree. These are the "first day of issue" label. I think most people are label collectors and not coin collectors. "first strike", "early release", "20th anniversary", etc...... Anything with a label brings back a premium. The coins are all the same, the labels are different. >>

"Anything with a label brings back a premium"? Wow, you're a marketer's dream.

Yes, they have a meaningless label that sometimes brings big bucks for no good reason. These, though, are also generic "BU" coins with no grade.

The craze over most of the stupid, meaningless labels is when they come in 69 or 70 holders, mostly. Not generic "brilliant uncirculated". Still it sounds like you're thrilled with your purchase, so I sincerely hope they are everything you hope they'll be and you can recoup your investment. I'm not hopeful, but you never know with this crazy coin market.

GUINZO1975 · February 14, 2007 6:03AM

I took a gamble. worse case scenario, I'm out $400 dollars. It will not make or break me. I've made thousands in profits with the silver reverse proofs, gold reverse, uncirculated platinum, and first strike gold buffalos. By the way, I think I have beginner's luck. I sent two gold buffalo proofs to PCGS, and both of them came back First Strike Proof 70. We shall see, how this works out. I can still go to grand central tomorrow and buy a roll at face value, then overnight it to NGC and see what happens.

I still appreciate all your feedback guys.

Gemineye · February 14, 2007 6:06AM

<< 
The craze over most of the stupid, meaningless labels is when they come in 69 or 70 holders, mostly. Not generic "brilliant uncirculated". Still it sounds like you're thrilled with your purchase, so I sincerely hope they are everything you hope they'll be and you can recoup your investment. I'm not hopeful, but you never know with this crazy coin market. >>

Well said ..to enlighten a newbie..to teach and then to want to learn...!!!....Enjoy your coins......

holeinone1972 · February 14, 2007 6:35AM

Here is a pic of the PCGS bulk holder slab.

Preussen · February 14, 2007 7:12AM

<< It is not about investment. This is about being sure that your coin is genuine, and the gem BU holders provide that peace of mind.

>>

Good point; I suppose the new Presidential Dollars will be a hot target for the counterfeiters. Makes me want to pay $400 for $20 worth of peace of mind.

-Preussen

Edited to add

Bodie · February 14, 2007 7:18AM

I'm not big on all the labels(first strike, early issue...), but alot of bidders watch HSN and love all those special labels. That is the extent of their coin education. I thought the label fad would end by now. But the new Pres. dollars will give it another push.

410a · February 14, 2007 7:20AM

These coins may come out in a silver compostion. If they do then you bother, otherwise I really do not get the attraction. They are over lapping the state's quarters program whiich leads me to believe the state's quarters may get some mintages that are quasi-low or perhaps the five additional states quarter offerings getting overlooked. This Presidental Coin series is a Sac, SBA, etc offering and if the gov't decides to burn the $1.00 bill and I think they should. You got yourself a circulating dollar coin. Big Deal? Now, really speculate get some $50 packs of brand new one dollar bills with consecutive serial numbers and wait for the dollars paper demise. Regards, Michael

fishcooker · February 14, 2007 7:33AM

So somebody went to all the trouble of getting coins, sending to NGC, paying for whatever, sending them back..... and they aren't even graded?!?

Who the heck does that??

WinPitcher · February 14, 2007 7:37AM

I was told that bulk is 8.00 per coin.

Steve

joeyuk · February 14, 2007 7:39AM

Isn't PCGS doing the same thing for the bulk program?
Gem uncirc for ms65 and lower.
The dogs are being sold off on T.V.

Julio · February 14, 2007 7:47AM

Thread got sidetracked with the HSN thing.
Assuming you can get the coins from the bank and off to PCGS tomorrow; would you do it?
I'm seriously considering it. The grading fees could be around 2 grand. I know it's a crap shoot and somewhat, well dumb, to gamble on a holder and a label.
I'm just thinking these may prove to be a decent investment if flipped quickly. Your thoughts. Would you do it? jws

dbldie55 · February 14, 2007 7:48AM

I would not do it, nor would I pay to buy one.

Gemineye · February 14, 2007 8:06AM

<< I would not do it, nor would I pay to buy one. >>

Aw..c'mon ..just one.??.......

Bear · February 14, 2007 8:11AM

To double your money, take the 2000 dollars,

fold it in half and stuff it back into your pocket.

pf70collector · February 14, 2007 9:11AM

Pricing for Bulk Submission from Bulk Submission Department: From a rep I spoke to in the Bulk Department.
$6 a coin if 65 below, can also have them graded "brillant uncirculated" if they fall below 65
$10 a coin if 66
$12 a coin if 67
$15 a coin if 68
$20 a coin if 69
$30 a coin if 70
If you have all 65's it will cost $600.00 not including return insurance and shipping.
Its the higher grades that you will have to pay a lot. If you got 67's or higher I believe they may be worth submitting.

WinPitcher · February 14, 2007 9:28AM

I dunno....thats a lot of scratch for something that may not sell.

I'd do it if I had 3 other guys in with me. I guess.

I have the coins. I just don't have the balls.

Think i'll pass.

Steve

WinPitcher · February 14, 2007 9:38AM

One other thing..............if that is the case how do you pay them? leave them a blank check?

Steve

joeyuk · February 14, 2007 9:44AM

PCGS contacts you after the coins are graded.
Your phone number is on the submission form.

OneCent · February 14, 2007 10:01AM

I am not a fan of most moderns, to each his own however.

Here is the deal as I come to see it...Rationality nor logic comes into play with the new mint issues. There is a media machine that caters to a certain market niche of people. The media machine is HSN, CoinVault and I imagine QVC. The people are those who are addicted to this type of infomercial machine and they will buy what the machine tells them to buy. Coin collectors, maybe or maybe not. Coin conniseurs(sp), I think not.

The marketing is already done for you - plus you have the occasional spammer on this site.

Presidential dollars will be hot, short-term only. Buy em' and flip em' as fast as you can!

mrmom · February 14, 2007 10:07AM

<< To double your money, take the 2000 dollars,

fold it in half and stuff it back into your pocket. >>

I am gonna follow wise bear's advice.

Pres. dollars and 1st day of issue/ new holders

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