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Valued Member
United States
162 Posts |
Quote:Quote:
They have to have been dead for two years before their coin comes out.
You mean like JFK? JFK's been dead for more than two years. Don't believe every conspiracy theory you read on the internet :) Two years isn't a universal rule for coins, however, the law that authorized the Presidential dollar coins specified that for this particular series an ex-president had to be dead for two years before he would become eligible. The law that authorized the JFK half dollar had no such requirement. Edited by lorax
03/10/2012 2:52 pm
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Bedrock of the Community
United States
20753 Posts |
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Are you planning to hold them for 80 years, like you would have held Morgans before they had collector value?
What is so difficult to think someone will do that? I know I'm going to wait at least that long just to see how much all my coins are worth. And for those pres dollars, I'll even wait longer.  |
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Bedrock of the Community
United States
17884 Posts |
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You mean like JFK? Lorax has it right. Contrary to what many people believe there is no law that forbids the picturing of a living person on US coins. Likewise there is no general law that says how long someone should be dead. So there was no problem with the immediate introduction of the Roosevlt dime or the Kennedy half. When the Presidential dollar legislation was written it specifically required that the President must have been dead for two years before his coin was issued. Interestingly no such restriction was placed on the First Spouse coins, so a First Spouse could appear even if they haven't been dead for two years. In fact if the President is eligible and the First Spouse is still living they can still have their coin. |
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Rest in Peace
United States
9104 Posts |
Quote:JFK's been dead for more than two years. Don't believe every conspiracy theory you read on the internet :) Two years isn't a universal rule for coins, however, the law that authorized the Presidential dollar coins specified that for this particular series an ex-president had to be dead for two years before he would become eligible. The law that authorized the JFK half dollar had no such requirement. No theory, just fact. The law required Franklins to be made until 1973. |
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Bedrock of the Community
United States
17884 Posts |
The law required Franklin to be on the half unless changed by Congressional action. Congress took that action in 1963 when they passed legislation to put Kennedy on the half dollar.
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Valued Member
United States
392 Posts |
Since the original topic is Presidential dollar coins, I want to ask what is probably a dumb question, here goes: I just recently received all 8 of this years Presidential coins from the mint. That's one of each of four designs from both Philly and Denver, total 8 coins. The cost was around $16.95. Today I got a notice that the 4 coin sets from both Philly and Denver will go on sale on Oct 22, at $12,95 per set. Is it just me, or does this seem a little strange. Who would pay $26 for the two sets, when they can get both for $17? Is this intended for people who only collect from one mint (Denver, or Philadelphia)? And why are they going on sale on the 22nd, when I've already received all 8 coins? Maybe I've been cleaning too many coins in acetone, I don't get it. Jack PS - I've got a feeling I'm going to regret asking this question.  |
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Bedrock of the Community
United States
10038 Posts |
I don't think I will be alive if and when they ever become worth what they were when issued. I also tend to think sometimes collectors try to compare experience with collectible series nowadays and project that onto the future mindset. A lot of the collectibles series nowadays are precious metals so they actually have an intrinsic value. This is different than clad and modern coinage. The novelty of the new issues is a lot of what drives them.
Although they are assigned a monetary value, that value will decrease as time goes on. Another thought - and not going any further with this - just stating fact - the concept of US patriotism is not exactly held in high esteem by those molding today's youth. A collection of presidents on coins goes against this trend. So the future of a collection of coins with US presidents... well...
I hope time poves me to be wrong.
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Moderator
 United States
188617 Posts |
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PS - I've got a feeling I'm going to regret asking this question. I think you should regret necro-bumping a thread that has been dormant for three years and seven months.  |
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Valued Member
United States
392 Posts |
I was trying to avoid someone saying "There's already a thread on this." It was what you might call a (poorly) measured risk. NECRO-BUMP?  . Jack PS - I knew it, I knew it, I knew it.  |
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Pillar of the Community
United States
5208 Posts |
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I think you should regret necro-bumping a thread that has been dormant for three years and seven months. But Halloween is just around the corner and a lot of the Presidential portraits on the dollars looks ghoulish and ghostly |
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Valued Member
United States
392 Posts |
I'm going to add this to my resume: I NECRO-BUMPED a 3-year old CCF thread!  Jack |
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Pillar of the Community
United States
7390 Posts |
We do NOT like necro bumping. Unless it is a statement or question vital to the original topic. You should have made a new thread. No worries though, lesson learned |
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Moderator
United States
188617 Posts |
It could have gone either way really, bump or new. At least you did not come here and post "I hate them" and nothing else. |
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Pillar of the Community
United States
932 Posts |
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Valued Member
United States
392 Posts |
Osprey - FUNNY! Jack |
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Posted 03/10/2012 3:58 pm
