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 Replies: 38 / Views: 4,531 |
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Bedrock of the Community
United States
20753 Posts |
I stopped collecting Proof sets when they started adding in piles and piles of coins I didn't like.
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Pillar of the Community
United States
7194 Posts |
I still get the silver proof set, basic half,dime, nickle, cent. The quarters are fine and I'll take the brass dollars but that's it.
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Bedrock of the Community
United States
17884 Posts |
Quote:
It makes no sense to do a new design program with the dollar coin unless it goes back to circulating status, because the large seigniorage profits are no longer there Actually it is still there. Unlike paper currency, they count the seigniorage on the coins as soon as they are delivered by the coiner even if they still just sit in the mint vaults. |
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Pillar of the Community
 United States
4870 Posts |
I would really love to know what is in store for those dollar coins that are sitting in government vaults? It seems so senseless minting coins that aren't going to be used. Maybe they should be shipped out to the US territories for use there.
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Pillar of the Community
Australia
7096 Posts |
 Quote:
I would really love to know what is in store for those dollar coins that are sitting in government vaults? It seems so senseless minting coins that aren't going to be used. Maybe they should be shipped out to the US territories for use there. Didn't exactly the same thing happen to Morgan dollars and look how popular those are now |
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Pillar of the Community
United States
4870 Posts |
Yes, but I think this is a little different.  Quote:Didn't exactly the same thing happen to Morgan dollars and look how popular those are now |
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Pillar of the Community
United States
4870 Posts |
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Moderator
 United States
188877 Posts |
Quote:Quote:
It makes no sense to do a new design program with the dollar coin unless it goes back to circulating status, because the large seigniorage profits are no longer there Actually it is still there. Unlike paper currency, they count the seigniorage on the coins as soon as they are delivered by the coiner even if they still just sit in the mint vaults. Ah, I did not know that. However, I did say large seigniorage profits (they had when they were minted for circulation). |
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Moderator
United States
188877 Posts |
Quote:
I would really love to know what is in store for those dollar coins that are sitting in government vaults? It seems so senseless minting coins that aren't going to be used. Maybe they should be shipped out to the US territories for use there. They are sitting there. Waiting to leap into action when we finally kill off the one dollar note.  By the way, they have not been minted for circulation since 2012. What is being minted is for sale to collectors. |
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Pillar of the Community
United States
4870 Posts |
If the dollar note goes away, it would seem odd having old dated new dollar coins in circulation. Depending how they're stored they are probably an ugly brown by now anyways.
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Moderator
United States
188877 Posts |
Not really. I doubt anyone would notice, especially with the date on the edge.  |
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Pillar of the Community
Canada
5246 Posts |
Well, ladies and gentlemen, as good as the "good old days" were, there is no turning the clock back. Just enjoy the coins as long as there are some. Move forward, and just collect whatever in this huge collecting universe interests you. There is obviously something or you would not be in this forum.
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Moderator
United States
188877 Posts |
Sounds like good advice.  |
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Valued Member
United States
68 Posts |
I love coin collecting and actually have enjoyed the extra varieties of cents,
nickels, quarters and dollars (although the changing number of coins each year
since 1999 has made my plans for a year by year proof/mint set collection
more difficult).
My real worry is that the use of debit/credit cards for everyday purchases
(and I am guilty of this) has reduced use of actual currency/coin to the point
they become obsolete. So for the time being, I will revel in all the coins I can obtain.
And, I see them as little pieces of art.
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Valued Member
United States
109 Posts |
At this point, it seems like the Mint is turning coin collecting into a novelty scheme. Looking at old special coins they'd make, like the Pilgrim Half, my personal favorite that I've yet to get a hold of, all had a serious and historical vibe. It seems like they'll just slap any design on a coin and make a small fortune off them now.
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Replies: 38 / Views: 4,531 |
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Posted 03/04/2017 8:22 pm
