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 Replies: 39 / Views: 5,084 |
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Valued Member
United States
317 Posts |
atticguy, I recently found a McHenry ATB Quarter in my change the other day and it was just like the other circulated ATBs I've come across- scratched up and that one even had a ding in it, I couldn't believe how fast these coins get mangled. Its way easier to find a BU RD 1970's Lincoln in my change than a good ATB. You're not missing out on finding an ATB. |
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Valued Member
United States
143 Posts |
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Pillar of the Community
United States
4870 Posts |
I find that it is less fun, less satisfying collecting coins that aren't issued for circulation, namely these dollar coins. There are billions of these things in mint state condition in government vaults. How are these ever gonna be worth anything in the future?
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Moderator
 United States
189340 Posts |
Quote:
He knows I collect coins but he wouldn't give me that coin, as he said it had his portrait on it! His name... James Buchanan! I would keep it, too.  |
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Pillar of the Community
United States
1053 Posts |
Quote:
They do not circulate because our leaders are incompetent and will not eliminate the one dollar note. Remove it and the dollar coins will circulate widely  good one jbuck. |
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Pillar of the Community
Germany
1064 Posts |
It's funny that Americans haven't seen these circulating. I was in the US for like 8 hours and got two of them. Washington and Pierce
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Pillar of the Community
United States
4337 Posts |
I'll tell where there are tons of Presidential dollar coins to be found: VENDING MACHINES Highway stop vending machines that sell ice cream. Drop a $5 bill, get yout $2 ice cream bar and I promise you that you will get 3 x $1 presidential back in change. |
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Pillar of the Community
United States
1373 Posts |
Ausberger; your experience was definitely an anomaly. I can't remember if I've EVER been given $1 coins in change.
When I spend my $1 coins at stores I ask the cashiers to try and give them out as change. I know for a fact that the ones I spend at work (a retail outlet) don't get re-circulated as each week when I ask the main office for any of the 'odd' coins from that week, that I always get mine back.
dsfreeworld: Yes, those machines probably spit out $1 coins, but nothing post 2011. That would also be an anomaly.
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Pillar of the Community
 United States
4593 Posts |
Post 2011 they officially are not made for circulation, but are available to collectors from the mint. $40 for a roll of 25 IIRC or some such premium.
It's certainly possible that people are buying bags and roll, cherrypicking the best to be slabbed to complete their sets and dumping the rest into circulation. The mintage on 2009's Millard Fillmore was 72-73million and 2012's Grover Alexander only 8m.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
United States
4870 Posts |
I really don't think that premium for rolls is worth it personally. There is nothing special about them.
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Moderator
United States
189340 Posts |
Quote:
It's certainly possible that people are buying bags and roll, cherrypicking the best to be slabbed to complete their sets and dumping the rest into circulation. Yes, it is certainly possible and probable.  |
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Pillar of the Community
United States
6130 Posts |
I've never gotten any back in change, but I've personally spent about $200 worth. While working as a cashier, I got them on maybe 15-20 occasions over the course of 4 years from 2008-2011. I always bought the ones I didn't have, and made a point to give out the rest as change. People treat them as a curiosity, but nobody was ever really surprised to get one. One old man flat-out refused to take it in change because "Those **** politicians are trying to take God off the ****** dollar!" I told him that the "Godless Dollars" are mint errors worth $75-100 a piece and that shut him right up. I've never personally seen a post-2012 Presidential dollar in circulation, but I haven't bought $1 coins in bulk since they were discontinued for circulation. I briefly tried searching the small dollars, and managed to find a 2004 and 2005 Sac dollar, so it's possible that they're out there. Personally, if they want these to circulate, they need to stop valuing electrical conductivity more than their ability to not look awful after 3 months in circulation. If we should have learned anything from the War Nickels, it's that we should keep manganese out of circulating coins! |
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Moderator
United States
189340 Posts |
Quote:Personally, if they want these to circulate, they need to stop valuing electrical conductivity more than their ability to not look awful after 3 months in circulation. If we should have learned anything from the War Nickels, it's that we should keep manganese out of circulating coins! I do agree with your assessment, but I must reiterate that the primary reason why these do not circulate is the continual existence of the one dollar note. Remove that and people will have no choice but to use the one dollar coin. |
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Pillar of the Community
United States
3077 Posts |
HR 3305 tell your congressman vote yes
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Moderator
United States
189340 Posts |
Quote:
HR 3305 tell your congressman vote yes https://www.govtrack.us/congress/bills/113/hr3305 Interesting compromise. It does not call for immediate termination of the one dollar note, but it does give it an expiration date. Quote:
(a) In General
It is the policy of the United States that after $1 coins achieve sufficient market penetration such that consumers and retailers are comfortable using $1 coins and are able to obtain adequate supplies of $1 coins, $1 coins should replace $1 Federal Reserve notes as the only $1 monetary unit issued and circulated by the Federal Reserve System.
(b) Deadline For Placing $1 Federal Reserve Notes Into Circulation
Federal Reserve banks may continue to place into circulation $1 Federal Reserve notes until the earlier of- "
(1) the date on which the number of $1 coins placed into circulation after the date of the enactment of this Act exceeds 600,000,000 annually; or
(2) the date that is 4 years after the date of the enactment of this Act. |
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Posted 11/11/2013 10:24 am
