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Replies: 31 / Views: 6,649 |
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Pillar of the Community
 United States
4593 Posts |
They are not commemoratives, but circulation coins, albeit NIFC. So there is no requirement that they are pulled off sale at the end of the year.
They will stay there in the catalog for years, selling a few at a time.
Why? Because when they were monetized, the mint booked the $1 face minus the cost of manufacture (8 or 9 cents) as "profit", technically seigniorage. If the mint melts them down, they have a "loss" of that same 90 +/- cents per coin. It costs the mint next to nothing to store them, list them in the catalog and sell a few.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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Pillar of the Community
United States
1613 Posts |
I've bought the P & D issues together as a year date set from a dealer after May for just under $2.00 each. The proof and reverse proofs from the mint. This year the rp's are issued as a set rather than individually which I think is much better since it's far cheaper than individually as previously released. And yes, I also believe they are an under the radar series.
ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
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Pillar of the Community
United States
1373 Posts |
I just noticed today that the reverse-proof set is priced at $28.00. It's four dollars more than the base proof set, but at least it's $18.00 cheaper than the 2020 coins.  
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Valued Member
United States
346 Posts |
^^^Yes the price is great news. Also good that the set is still limited to 50K units.
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Pillar of the Community
United States
1667 Posts |
$7.00 each coin is more like it. I might get back in on the reverse proofs afterall. I still hate to think about doing this set for another decade though. I ain't no spring chicken!
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Pillar of the Community
United States
927 Posts |
I had originally decided against buying the reverse proof coins because they were only sold individually (at least before). And I think the difference between the proof and reverse proof innovation dollars are not significant, so I only bought the proof set. Other coins look much more different between proof and reverse proof. Since I doubt this has changed in my mind, I will stick to the proof coins only.
I think the biggest reason these don't sell much is because there simply is no marketing of these coins. Outside the mint, no one is really selling these coins. So the general public doesn't even know they exist. They were never produced for actual circulation, and probably never will. But I still hold out hope that someday there will be no paper dollar and all dollar coins can circulate again!
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Moderator
 United States
188770 Posts |
Quote: I just noticed today that the reverse-proof set is priced at $28.00. It's four dollars more than the base proof set, but at least it's $18.00 cheaper than the 2020 coins.  Quote: $7.00 each coin is more like it. I might get back in on the reverse proofs afterall. Same. Good thing Dansco has not sold me an album yet. I have to get the " proof album" to hold both Proof and Reverse Proof dollars.
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Bedrock of the Community
United States
17884 Posts |
Quote: But I still hold out hope that someday there will be no paper dollar and all dollar coins can circulate again! Even if they did, don't expect the Innovation dollars to circulate. The mintages are low, basically just what they needed for the Mint sets and the roll and bag sets sold directly to collectors for a premium. Unless of course they were to eliminate the dollar note while the series was still ongoing. Then the later issues would probably be issue in large enough quantity for them to circulate.
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Moderator
 United States
188770 Posts |
Quote: Unless of course they were to eliminate the dollar note while the series was still ongoing. Then the later issues would probably be issue in large enough quantity for them to circulate. 
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Valued Member
United States
392 Posts |
I buy coins for different reasons. Some, because I hope they might increase in value. Some, because they represent history. Some, because I just like the coin's design. While I own some AIs, I'm not a huge fan of the coins. Guess I want a dollar coin to be big and heavy. But no matter what my reason, I'm always happy when a coin shows up in the mail. So, you're the only one that matters when it comes to your reasons for buying them. Just enjoy them. BTW, I think I still have and unopened "Billy Beer". According to ebay, worth about .99 cents after 40+ years!
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Pillar of the Community
 United States
4593 Posts |
And it will cost you a $1,500 ER visit if you open and drink it.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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Valued Member
United States
235 Posts |
^^Billy Beer! That's funny. My mother has a can of JR Ewing beer on top the fridge in her basement. You can but it for more than the Billy Beer on ebay.
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Moderator
 United States
188770 Posts |
Quote: And it will cost you a $1,500 ER visit if you open and drink it. "Hold my beer..." 
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Pillar of the Community
United States
635 Posts |
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Pillar of the Community
United States
635 Posts |
Not really, but the regular proof set is.
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Replies: 31 / Views: 6,649 |