What To Do With Susie B's

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Wheaties already have a premium above face value, SBA's do not.

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Which only solidified my point. SBA's may have a premium at a latter year just like the Wheat cents now have. How long after 1958 did a plain ole wheatie start to be worth more than one cent? We're coming up on 50 years. Mt point is, who knows if the SBA will have more value in 2029? Again, just my opinion, and certainly not intended to ruffle anyone's feathers.

Be careful at the coin shows. Last year I was a little short on cash so I took 30 duplicate rolls of Kennedys to the Houston Coin show. I had the hardest time finding anyone who would take rolls of BU Kennedys in payment for coins. I was not asking anything over face for them. Then main excuse I got was that they could not turn around and sell them and they were too heavy to be worth while transporting. My local coin shop however will take any form of payment and the dealer is good enough to give you a slight premium for BU rolls.

Storing 500 of these is no different that saving 50,000 wheaties.

If I pull a Wheatie out of my pocket change I can take it somewhere today and get at least double face value for it. That is not true of a SBA and likly never will, especially in our lifetime. I understand your point about possible future value but there is a huge difference between the two.

I don't feel were ruffling feathers, just enjoying a discussion.

Dockwalliper:

I think the SBA's have great potential too. I keep figuring the government will wake up and fix the currency. If they ever do then all these dollar coins will get a lot of usage and wear. People tire of holding "junk" especially if it can be used in the toll booth or laundromat. Eventually these would all get used up and early examples will be much scarcer and desirable. The problem is that even if this started today it might take two generations before these have much value. Why set aside typical examples when if you want to take a flyer on these you can set aside really nice examples for little or no more.

Some of these were quite scarce in nice condition the days they left the mint. The '81-S is worst but the '79-S is also bad and doesn't appear in mint sets. There's no real premium on BU rolls of these so at least theoretically one could go through lots of rolls and pull out gems at no cost except the time and effort.

It's really the same thing with any coin that is worth only face value. Even if you're sure the silver, gold, copper coin is going to be worth a lot more than face then why not wait until it is about to get a premium and then buy it. If you hoarded silver coin in 1960 as so many did then you tied up your money for years and got less silver than the guy who waited until 1967 and bought bullion. If you saved pocket change in 1975 then you'd have a lot of really great and some rare coins but most of the coins would still mere pocket change. Of course some of this would be virtually impossible to find. Have you ever tried to lay hands on a nice AU 1975 dime? A lot of these coins are very scarce now even if not yet of much value.

If you go to a restaurant and the service is poor, leave those dumb baby dollars as a tip. Go to Walmart and try spending them there and the insuring argument is fun because all they know is the Peso. Of course if you tried to spend them in many stores you'ld probably be arrested for trying to spend fake money. At banks they will give you a dirty look since they too are trying to get rid of them. Now since the post office likes to give you change in their machines in those baby dollars, go to your neighborhood post office and buy stamps using them so you can get even for the rest of us. One more suggestion is put them in a time capsule and bury that in some concrete for the future people to see what we had to go through.
I've always wondered if you tried to hand one to a bumb on the street if he would through it back at you.

I'm with NoHope on these.

I usually have a few Sacs and SBAs with me for small purchases and tips. It's fun watching peoples faces when they see what they've got. Many are clueless and just look at you funny, some don't know what to do and then there are always some that are tickled and ask questions and might just have that collecting gene in them.

Posted - 02/13/2007 : 4:59:27 PM
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Dockwalliper:

I think the SBA's have great potential too.

I agree they have potential but the statement was theres no difference between saving $100 in SBA's or Wheatie cents and it is simply not true. The wheaties are worth double face value at least while the SBA's just have "Potential".

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but the statement was there's no difference between saving $100 in SBA's or Wheat cents and it is simply not true

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Sorry Dock, I think my post was just misconstrued. I am fully aware of the current value of wheaties compared to SBA's. However, I highly doubt that someone with 50,000 Wheaties just started collecting them. In the time it has taken to amass that many, the value has doubled. I just think the same may be true for the SBA's is all.

Anyhoo, have a good night.