US Small Dollar $1 Coins SBA , Sacagawea, Presidents & American Innovation

Work starts Friday, I'm seasonal. Then from sitting around looking for things to do, because it's Winter or cold or I can't do yard work. I have the Spring clean-up and "bam" back to working. Some weeks are 14 days long, leave at Sunrise, return in time for Sunset. Just a chance to fix something, mow the lawn or work in the garden, is weather dependent, and minimal free time. I have mastered the 5 minute Walmart food run as well.

No Internet at work, except phone. No reading, no (back on topic) sorting coins. It's outdoors and requires full attention much of the time. Paid "Observer".

So no coins except pocket change until October. That's fine. The bank plan has worked out. I buy at one and drop at another that's 12 miles away. I don't want to see the same dollars again.

See the Honda and the bench at the end of the wall? That's where I work. Rain or shine, hot or cold, just me, my flags, a communications radio and the cooler with soda and snacks.



I get paid to have the best seat (although standing at the end of that wall) in the place. No fences or obstructions, about 30 feet from the action. Corner 3 Road America.

But the point is, no coins or currency until October. Then I can grab another bag of $500 and maybe they will have one more. I've pretty much taken away all the US Dollar Coins from the vault. Somehow I think someone at the bank is thanking me?

Still I wonder, who paid a premium for the unreleased coins and then spent them? There's also the probability of diminishing success. Hard and harder to find something I don't have. I'm up to near uncirculated of all of them except a couple of the newer coins.

Then one more question? What do I do after that? ebay?

Hey look, it's Winter in Wisconsin and I'm going through the $1 coins again, looking for dollars isn't as easy as the basic finding some would seem. Bank 1, "nope" (although they probably have some loose) no rolls. Pretty much said, they just bag them and send them off. No demand for rolls.

Bank 2, no rolls.

My local, I picked up $400 in machine rolls. They have them and that's where I got the rolls to search last year.

So far, and I'm surprised and happy.


FDR and LBJ

Happy to see that people are spending these unreleased coins. I also picked up another one of the gold plated coins. I don't know if that's really gold or just gold colored. Someone is spending those prizes too.

My general impression for all of these are, they are worth a dollar. I suppose if I complete the set, maybe I could get more, but as in other threads, ebay after shipping can be 15% of the sale after fees, postage and state taxes.

I'm having fun. I check every SAC for the Cheerios or wounded eagle. I'll probably never see one of those. Otherwise, I've already spent the SBAs.

So there's my update for Feb. 9th, 2022 and hopefully I'll have at least one more in the next few days.

Oh by the way. I drive these to be counted at another bank, over 15 miles from here, in a different town. I'm hoping I don't see the same coins a second time.

Who gets the money when the mint monetizes metal? Current melt value for the "gold" dollars is 8 cents. Who gets the remaining 92 cents and you might discover why they make so many.

Eliminating the cent would allow the mint to turn of about an extra $62 million, eliminating the five cent would add another $38 million to that, so $100 million total. Seigniorage profit in 2020 was $550 million, without the cent on five cent it would have been $650 million, an 18% increase.

Well, tomorrow, I'll be going to Walmart tomorrow to Spend $75.00 using my left over small dollar coins.

Be sure to document it here...

http://goccf.com/t/247505

Done for now and it's Presidents Day so I can't go to the bank? Another worn Taft which is unusual so far for the 2012 and after coins. I always get a laugh when I think that someone paid extra for any of those and somehow they got spent? My missing coins are at 5 right now. Cleveland second term (which I forgot to look for) McKinley, Harding, Nixon and HW Bush.

I'll be recycling these at the bank that's roughly 12 miles. Just enough that I hope they don't come back to my bank?

Here's how I sort, so I don't have to spend a lot of time looking at each detail. I open four rolls, then start by holding them on edge. All the SBA are pushed aside. I stopped looking for the standard and narrow. Then I look for no edge printing, that's almost easy. Problem is, worn Presidents can look blank, even under bright light. But mostly I have a pile of SAC, and the rest are Presidents.

I go through the Sac and look at the feathers on the Eagle. That goes pretty fast. Into the bag.

Then I just flip the Presidents and drop those into the recycling bag, as I have pretty much mint example of each of them by now. I do pick out the really clean and shiny ones, and anything from 2012 on gets put aside.

Personally adding the mint mark and the date to the edge was a dumb idea. Others may feel otherwise. If someone actually cared, it's just one of those features that's going to be wiped out with even low circulation.

I do look for blank edges, Washington and Adams.

I have a couple that are what looks like a proof, but it's not. They lack details. And if it was a weak strike, that would cover them, except these are extremely shiny. My guess is, someone plated these and sold them? Merrick Mint, which leads me to look forward to finding a Rutherium President some day.

I'm just mentioning this in case there's more to know about the gold plated Presidents? I put one in my book and as the others age and get a patina, the gold one stays bright and a different color tone.

And last, every time I search I want to scream, because of the people who put "Rare" no date Sacagawea on Etsy for $60,000, what's with that. And on ebay, the also "rare" coins that aren't.

One last question as I don't see this on cherry picking or Presidential dollars with higher values. Is there really a Double Die John Adams? Or is there a machine doubled coin out there?