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Rare Coins "American Innovations"

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Pillar of the Community
Russian Federation
1557 Posts
 Posted 01/31/2023  07:25 am  Show Profile   Bookmark this reply Add Slerk to your friends list
Buying whole bags or rolls is not the best idea I think. What to do with the rest of the coins ? I don't think selling them will be a quick thing, considering that I'm not a big dealer and I'm not a dealer at all (no matter how much I would like to become one).

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United States
188770 Posts
 Posted 01/31/2023  12:28 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Buying whole bags or rolls is not the best idea I think. What to do with the rest of the coins ? I don't think selling them will be a quick thing, considering that I'm not a big dealer and I'm not a dealer at all (no matter how much I would like to become one).
They are not for most of us. I think most are bought by dealers, who can afford to sell them over time given the decent premium (as evidenced by what you are seeing) or speculators who search out the gems for TPG encapsulation looking for the 70s which will sell for a nice profit.
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United States
1648 Posts
 Posted 01/31/2023  5:57 pm  Show Profile   Check datadragon's eBay Listings Bookmark this reply Add datadragon to your friends list
You can buy the proofs and additionally reverse proofs if you want the best look of the designs as well as these most recent proofs tend not to have drastic differences in quality. The discussion is really whether you wish to also get the uncirculated for collecting, and if so most will be perfectly happy with the ones sold by dealers or online sellers whether sold individually or as year sets. Its just that quality has certainly been variable and so they may not appeal as much to those seeking out top quality examples. You may just pay a premium on certain coins by buying them later after the mint no longer has stock. Thats where some might like to buy rolls or bags themselves (or cherry pick) and then resell or spend the ones they cant resell.
Valued Member
United States
173 Posts
 Posted 01/31/2023  6:49 pm  Show Profile   Bookmark this reply Add coinnewcomer1 to your friends list
Datadragon's information is correct. However, if you truly want to get the best quality American Innovation $1 business strikes, I would suggest getting a few that are graded. What I have seen for sale and gotten on ebay have been far worse than what I offered and chose for my collection --- despite one or two members having seemingly better luck.

In general AI dollars have a very modest to modest mintage but would not be considered scarce or rare with ONE exception --- finding AI dollars in attractive circulated condition would be scarce in the US, rare elsewhere as these coins are sold directly to collectors and NOT put into the general circulating coinage.

IF you cannot buy from the mint I would first try members here who can sell or looking for a trade. Go tot he buy/sell/trade forum

Also as a final note, shipping costs are expensive from the US. The minimum I think you could send something is about $3 IF it weighs less than 1 lb. If not the price shoots up to $16 and higher.
Edited by coinnewcomer1
01/31/2023 7:06 pm
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 Posted 01/31/2023  7:08 pm  Show Profile   Bookmark this reply Add Dearborn to your friends list
I, myself buy an 'annual set' from ebay sellers to get my P and D coins, the proofs and reverse proof are directly from the mint.
Valued Member
United States
366 Posts
 Posted 01/31/2023  7:24 pm  Show Profile   Bookmark this reply Add Alpha33 to your friends list

Quote:
I am slowly starting the collection of the "American Innovations" series and so far I have only 4 coins. Each of them cost from $2.85 to $4.30. But I was just looking for a MASSACHUSETTS Telephone coin and found that dealers are selling it from $8.60. Where does this price come from ? Is this coin really considered rare compared to others? Are there rare coins in this series relative to the entire series ?


Just because something is "expensive", doesn't make it rare, and rarity doesn't necessarily mean expensive. Especially with modern coins (post WW2).
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Russian Federation
1557 Posts
 Posted 01/31/2023  8:38 pm  Show Profile   Bookmark this reply Add Slerk to your friends list
I think buying TPG coins is the best idea. Buying such coins will cost about $ 40, unprocessed coins are not much cheaper. But I didn't plan to invest a lot of money in this series. Some coins from the series are not on the Russian market at all. We'll have to look for them. I think I won't buy expensive no graded coins for my set yet and will buy them later. Maybe I can find them cheaper later.
Valued Member
United States
372 Posts
 Posted 02/01/2023  11:08 am  Show Profile   Bookmark this reply Add goldnugget to your friends list

Quote:
*** Moved by Staff to a more appropriate forum. ***


Could you in your moving the Post to a different Forum, provide us the information to the Forum that you are forwarding it to.
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 Posted 02/01/2023  11:13 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Could you in your moving the Post to a different Forum, provide us the information to the Forum that you are forwarding it to.
The forum it was forwarded to is the one it is currently in where you are reading it! That is: US Commemoratives and Non-Circulating Coinage (NCLT) Including Grading, Varieties, and Errors

It was moved from: US Modern Coins

The American Innovation Dollars are NCLT, which is why it was moved.
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Russian Federation
1557 Posts
 Posted 02/02/2023  05:35 am  Show Profile   Bookmark this reply Add Slerk to your friends list
After looking at the price on ebay, I realized that buying a coin PR69 will cost about $ 10, PR70 30-40 $. Unfortunately, prices on the Russian market are much much higher and not all coins from the series can be bought (I'm talking about those that are priced by TPG). Buying coins at exorbitant prices is not my option, I have somewhere to spend money. I think I'll stop looking for the cheapest no graded coins for now.

Interestingly, the coins grade at MS67 can cost from $ 300 and above.
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 Posted 02/02/2023  10:43 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Interestingly, the coins grade at MS67 can cost from $ 300 and above.
They way proof coins are made and handled, PR69 is expected, PR70 is a not uncommon bonus. However, these business strikes are not given anywhere near the same care, so they are going to grade lower.

After looking at PCGS population reports, I can believe sellers are asking that much for MS67...

https://www.PCGS.com/pop/detail/ame...-2032/164485
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 Posted 02/02/2023  5:49 pm  Show Profile   Bookmark this reply Add Dearborn to your friends list

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I can believe sellers are asking that much for MS67...

I believe that, but I would not pay that much for one.
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188770 Posts
 Posted 02/03/2023  10:08 am  Show Profile   Bookmark this reply Add jbuck to your friends list

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I believe that, but I would not pay that much for one.
Nor would I, even if I were collecting business strike Innovation Dollars, which I am not. Like most of my baby dollars, proofs only.
Valued Member
United States
67 Posts
 Posted 02/05/2023  11:18 am  Show Profile   Bookmark this reply Add hvacfreak to your friends list
I bought the Telephone coin recently in an Unc. Set ( Maryland and 3 others ) , fantastic looking design.

The bank up the street seems to get some really nice dollar coins in rolls. I find some from 2000 that are brand new , not 1 scratch or ding under magnification. I have found a few Innovation dollars in the same condition ( I found 1 yesterday that was on the end and had the roll damage but perfect otherwise ).
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United States
1648 Posts
 Posted 02/05/2023  11:40 am  Show Profile   Check datadragon's eBay Listings Bookmark this reply Add datadragon to your friends list

Quote:
I bought the Telephone coin recently in an Unc. Set ( Maryland and 3 others ) , fantastic looking design.


The telephone Massachusetts 2020 innovation dollar was created by United States Mint Artistic Infusion Program Designer Emily Damstra as well as she created the Maya Angelou and Anna May Wong reverses on the quarters, the new american silver eagle 2021 reverse and others. This list is a bit more updated than the one here on coincommunity. https://www.usmint.gov/learn/artist...mily-damstra

Again for designs you can just go with the proofs (and even reverse proofs if you like those) without breaking the bank. Its only those uncirculated versions that are going to vary widely based on whether your attempting to get pre graded top or high grades like the MS67 you are discussing, buy rolls or such and attempt to find nice examples yourself which may be hard and not cheap if most are poor quality having to go through more than usual, or just being happy with a typical example that may have some dings but likely wont greatly increase in value over time in which case I wonder why lower grade ones are bought as the proofs are available in that case. Maybe they just want an example to collect of every type but dont want to spend money it takes for a nice example since they can be harder to find in this specific case due to the varying quality.
Edited by datadragon
02/05/2023 11:53 am
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