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The Presidential Dollar Coins!

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Pillar Of The Community
crystalk64's Avatar
3147 Posts
 Posted 01/20/2007  07:56 am  Show Profile   Bookmark this reply Add crystalk64 to your friends list Get a Link to this Reply
Gary albums I have here, still not opened, are available from my dealer at the cost of $21.50 for the Whitman Classic and the other, which I prefer, is $18.00. They both are blue but the "other" has a slip cover and nice colored inscriptions and is a much larger album than the Whitman. The "other" is made in China and has not been opened but I did look at the one at my dealers shop so I know it is of equal quality of the Whitman. My concern with both albums is how well the golden dollars will hold their unc. finish? I have my Sacagawea dollars in a Dansco and have had no problems what so ever. I will say I intend to buy the album from China as my wife wants to do a set for each child. They are much more attractive than the Whitman but.....time will tell if my choice was a wise one as the coins MUST remain in pristine condition over the long haul. My dealer stated the "other" album was being distributed in limited quanities per dealer at this time but he assured me I could get them when ordered? Guess it really doesn't matter which albums I choose as living in Indiana we will be darned lucky to ever see these dollars at our banks. It will take outside help from other collectors or ordering from the mint (I have no desire to pay a premium for them) to get them!
Edited by crystalk64
01/20/2007 07:58 am
Rest in Peace
Gary Burke's Avatar
United States
3730 Posts
 Posted 01/20/2007  8:41 pm  Show Profile   Bookmark this reply Add Gary Burke to your friends list Get a Link to this Reply
Terry:

Thanks for the information. Sounds like the "Other" album might be the way to go.

Like you, I have my Sacagaweas in an album (Dansco), and they still look as good as the day I placed them in their new, permanent home.

Since I'm out of money anyway, I'll wait for awhile on the album, but will probably end up with either the "Other" or a Dansco.

Regarding the Presidential dollars Terry, as previously mentioned, IF my banks come through for me, I'll see that your needs are met.
Pillar Of The Community
crystalk64's Avatar
3147 Posts
 Posted 01/21/2007  10:00 am  Show Profile   Bookmark this reply Add crystalk64 to your friends list Get a Link to this Reply
I will try and get a scan of these albums once we open them up and start taking orders. The "other" as I am calling it is a very attractive (eye appealing album) and looks more like an encyclopedia sitting on your bookshelf.
Thanks Gary, and to anyone else who may offer the new dollars to CC members. I am fully aware of how tough it may be in some areas of the country to get these dollars so your offers for help is really appreciated! Over a period of ten years the difference between face value and mint premiums would really be quite large and considering shipping costs, both here and around the world, it is great so many of you have volunteered to be of assistance. Great bunch of folks can be found right here!
Valued Member
SE's Avatar
United States
256 Posts
 Posted 01/21/2007  10:20 am  Show Profile   Bookmark this reply Add SE to your friends list Get a Link to this Reply
Ditto!!!
Pillar of the Community
Irishraider's Avatar
United States
1454 Posts
 Posted 01/21/2007  12:12 pm  Show Profile   Bookmark this reply Add Irishraider to your friends list Get a Link to this Reply
Haven't decided whether I am going to collect these or not. I still haven't completed a good BU State Quarter set even. These sound like they will be even more difficult to collect good BU examples especially since they won't circulate and sounds like many banks won't carry them.



Valued Member
Canada
107 Posts
 Posted 01/21/2007  12:18 pm  Show Profile   Bookmark this reply Add Sports Writer to your friends list Get a Link to this Reply
I've got a question, from Canada. How often do Americans get $1 coins in change? Of course, we have the Loonie over here. My grandpa got a Susan Anthony? dollar a while back, somebody gave it to him. So are the Presidential dollars going to circulate much or not? And are we going to be lucky enough in Canada to get one? Haha! Probably not.
Pillar Of The Community
crystalk64's Avatar
3147 Posts
 Posted 01/21/2007  1:08 pm  Show Profile   Bookmark this reply Add crystalk64 to your friends list Get a Link to this Reply
They may circulate in the larger cities due to more banks and mass transit but the rural cities and areas will be lucky to see them after the first couple of "hyped" releases. They say Americans won't use the dollar coin but that is not entirely a truth. Americans in most areas CAN'T get the dollar coins and I can personally attest to the fact 3 or 4 dollar coins weigh much less than 12 to 16 quarters which I always carry for vending machines. The paper industry that supplies the special paper that is used in our notes absolutely DOES NOT want the coin to succeed nor the dollar bill replaced. Their Congressmen and Representitives want that income in their districts so therein lies the first problem. It is all political. Throw in the fact that most banks don't want the coins for quite a few reasons, such as labor costs, weight, counting, storing, moving and rolling, and one will find the odds are against the dollar coin until the note is taken out of circulation. One big ugly circle that never ends!!! And, in the mean time, the U.S. Mint will make a fortune off of every new coin they can strike!!! Who actually wins here?
Valued Member
SteveG's Avatar
United States
111 Posts
 Posted 01/21/2007  2:13 pm  Show Profile   Bookmark this reply Add SteveG to your friends list Get a Link to this Reply
The coin is being struck with the intention of it circulating. Dollar coins (AFAIK) have never really been popular in the USA. I fully believe that while the coin is supposed to circulate, the government is banking on people hoarding them. So, my guess is we in the USA will see them here and there, I doubt most of us will see them very often.
Valued Member
Canada
107 Posts
 Posted 01/21/2007  2:19 pm  Show Profile   Bookmark this reply Add Sports Writer to your friends list Get a Link to this Reply
I see. But do you get any dollar coins at all in change? I really hope the program can succeed. Is the current dollar bronze as well? I'm a dummie when it comes to American coins.
Pillar of the Community
Mila_cent's Avatar
United States
1767 Posts
 Posted 01/21/2007  3:37 pm  Show Profile   Bookmark this reply Add Mila_cent to your friends list Get a Link to this Reply
LITTLETON is offering their Presidential $1 program to receive when released
The Washington coin.. 10 coins P&D (5 P& 5 D's) for $35.00, 20 coins P&D (10 P's & 10 D's) for $66.50 and 50 coins P&D (25 P's & 25 D's) for $165.00.
In the excitement of these coins I jumped on it so as not to miss out on the first coin's (Washington)release at the 35.00 level. I only wanted one of each mint, (the rest I'll be giving away),I am NOT thrilled to have to pay $3.50each for a one coin which should be available in our banks at face value. When I receive these coins fron Littleton I will be cancelling from the program. And with the help of Gary and/or dj I'll be able to look foward to the next President issue in line and not be forced to pay $3.50 a coin. Thanks guys!
Valued Member
SteveG's Avatar
United States
111 Posts
 Posted 01/21/2007  4:00 pm  Show Profile   Bookmark this reply Add SteveG to your friends list Get a Link to this Reply
quote:
But do you get any dollar coins at all in change?


Almost never. If I do get a SBA or SAC in change I have to do a triple take. If you use the vending machines at a US post office, they give dollar coins as change.

Most bank tellers have some in their drawers. They don't think to give them as change unless someone asks for them.
Rest in Peace
Gary Burke's Avatar
United States
3730 Posts
 Posted 01/21/2007  4:50 pm  Show Profile   Bookmark this reply Add Gary Burke to your friends list Get a Link to this Reply
I get about one SBA or Sacagawea in change each week. Unfortuately, they are usually given to me by clerks who know I collect. If it wasn't for that, I'd probably get maybe one a month in change.

I continue to hope that my local banks will come through for me, as bank officials promised. Guess we'll find out in just a few weeks.
Valued Member
SE's Avatar
United States
256 Posts
 Posted 01/21/2007  6:43 pm  Show Profile   Bookmark this reply Add SE to your friends list Get a Link to this Reply
Now that I think about it, I don't think I ever got a dollar coin in change for a regular purchase.
Valued Member
Canada
107 Posts
 Posted 01/21/2007  6:51 pm  Show Profile   Bookmark this reply Add Sports Writer to your friends list Get a Link to this Reply
Do you think a dollar coin is better than a dollar bill though? And do Americans get half dollars in change? In Canada, we never do, except maybe if you ask at a bank.
Rest in Peace
Gary Burke's Avatar
United States
3730 Posts
 Posted 01/21/2007  7:00 pm  Show Profile   Bookmark this reply Add Gary Burke to your friends list Get a Link to this Reply
A dollar coin would be far better simply because of the money it would save the tax payer.

We Americans would quickly get over the irritation of extra weight in our pockets.

I don't know that I've ever heard a Candian complain about carrying $1 or $2 coins around.

I get half dollars in change much more often than I do dollars. Got one just yesterday.

We need to get rid of the paper dollar. But, like so many things, it's all a matter of politics.
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