Collecting The Presidential Dollar

I have a while to go before 50 posts, maybe I should turn up my efforts to get there faster, lol.

I actually purchased a roll of each P and D from the mint, and I will for every president. I think in the end it will make my collection more valuable (10 years down the road). There is a lot of people collecting the coins, not near as many collecting the rolls from the mint.

I have concluded that my dollar collection will include the following for each president:

1 loose coin from P and D which I intend to have graded.

So far it has been fun opening rolls and looking for the best condition coin I can find. Easier said than done, most of these coins are scratched here or there on Washingtons face.

1 sealed roll of coins from P and D which I have ordered from the mint.

1 sealed roll of coins from local banks P and D (which is proving to be the hard part so far).

1 individual proof coin.

I am also ordering the 4 coin per year proof sets.

Madspec I actually decided your idea for marking bank rolls of the dollars is the best, using a rubber band. It does not alter the roll in any way. Great idea.

i noticed that $25 mint bags of the first quarter Delaware are going for $360+ on ebay. do you think the bag of these dollars for Washington will do the same? only issue is the bags are only in 250/bag increments which run $320 from the mint. Any thoughts?

yeah, I hate hearing stories like that Carl, especially since I fell into the World Monetary Reserve Exchange ads. I wonder if I can cancel that subscription? Oh well, won't learn anything w/o being wrong a few times. Lesson learned.

I started my collection. The local bank was giving them away when you walked through the door at our local Camber of Commerce annual dinner. I love free money!!!

Whoops, looks like the Edge lettering directions matters again, at least to PCGS.

http://www.pcgs.com/articles/articl...iverseid=313

PCGS to Recognize Orientation of Edge Lettering on Presidential dollar Coins

- April 25, 2007
Effective April 24, 2007
Effective immediately, PCGS will begin recognizing the up or down orientation of the edge lettering on Presidential dollars, as follows:

POSITION A - Edge lettering reads upside-down when the President's portrait faces up

POSITION B - Edge lettering reads normally when the President's portrait faces up


The Mint applies edge lettering to the Presidential dollars in a separate process after the coins are struck by the obverse and reverse dies. Although the orientation of the lettering is expected to be random, the relative rarity of Positions A and B has not been determined. However, neither position is expected to be rare because of the large numbers of Presidential dollars that have been (and will be) produced.

PCGS's decision to recognize the orientation of the edge lettering on Presidential dollars was based on important factors.

Demand. The orientation of edge lettering on Presidential dollars is a legitimate variety resulting from the minting process. Collectors have already begun collecting both positions and will continue to do so throughout the duration of the Presidential dollar program.
Consumer protection. Alerts have been issued warning collectors that the orientation of the edge lettering on Presidential dollars is random, and not an error in the minting process. PCGS will recognize the two positions in the PCGS Population Report, where consumers will be able to see the distribution of grades and populations over the two Positions.
Precedent. The recognition of edge lettering variants is rooted in numismatics. In American coins, examples include variants in the edge lettering on 1793 Wreath Cents, 1809 Half Dollars, and others. In world coins, examples include variants of many coins from Belgium (where Position A and Position B have been designated for years).
PCGS will place Position A or B designations on all new Presidential dollar submissions at no extra charge. Collectors wishing to have the designation placed on Presidential dollars previously certified by PCGS may resubmit their coins under the Designation Review Service for a fee of $10 per coin plus applicable shipping charges.

PCGS Guidance is based on the best information available at the time the guidance is developed. PCGS, at their discretion, may adjust guidance as new information becomes available.

Question for you experts. I am ordering the presidential proof sets shown here:

http://catalog.usmint.gov/webapp/wc...ory_rn=16738

Will this collectors box hold these sets?

http://catalog.usmint.gov/webapp/wc...ory_rn=10211

I really do not have any desire to purchase error coins. If I come across one I am sure I would throw it on my loose keeps pile, but I am not going to go looking for one.

I am not sure what the infatuation is with error coins. Personally I would much rather have a MS-70 than any error coin.