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I Wish We Could Go Back To This...

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jbuck's Avatar
United States
188770 Posts
 Posted 03/03/2017  11:42 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
The US Mint should have done what the Royal Canadian Mint did. When issuing commemorative quarters, have just the regular issue quarter in the mint and proof sets. This way you can continue the original base series.
Could have. Should have. Would have?

I do not think I would have liked that. I love that my 1932-1998 Washington quarter set is complete.
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Conder101's Avatar
United States
17884 Posts
 Posted 03/03/2017  1:05 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

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Then people would complain that designs don't change enough.

That was the problem back when the State Quarter series began. In 1999 in order to remember a new cent design coming into circulation you had to be about 50 years old. For a new Nickel design you had to be 70 years old. A Dime, 63 years old. Quarter, 77 years old (Even for the bicentennials you had to be 33 years old) A half dollar was 45 years old. And for a dollar coin you could be a youngster at only 30 years old. (These all assume a child has to be about 10 years old before they really pay attention and remember the designs on the coins in circulation. They many know about coins, their value and how to spend them, but they don't really pay attention to the designs.)

So a large number of the people in the country had never seen a "new" design introduced. that made the state quartters a novelty and they were gathered and hoarded resulting in huge seigniorage profits. This lead to the idea of multiple designs for the dollar and then the ATB program. Unfortunately by about the mid point of the State Quarter after 20 new designs, it was no longer a novelty and people lost interest. Washington hasn't realized that yet and still sees multiple designs as a way to large seigniorage profits.
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jbuck's Avatar
United States
188770 Posts
 Posted 03/03/2017  2:44 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
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 (and what is there is getting eaten by the loser cents). Of course, lifting NCLT from the dollar coins requires the dollar note to go bye-bye, something else they are not willing to do. Washington clearly has no idea what it is doing.
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garys64wildcat's Avatar
United States
593 Posts
 Posted 03/03/2017  10:07 pm  Show Profile   Bookmark this reply Add garys64wildcat to your friends list Get a Link to this Reply
I have been a collector since the 50`s with my paper route and I managed to put together complete sets of several nice coins. But then you only had a few varieties not dozens.

Roll hunting was great. I completed a nice set of Washington quarters with 32D & S. Complete Buffalos, Roosevelt and most all Mercury dimes, Jefferson nickels, Most of the Lincolns 1909-1958,
Most of the Walking Liberty half and Standing Liberty quarters, and IHC I still have the 1st 1959 Lincoln Memorial I got. I didn't buy many except from Littleton coins with adds on match books. And sent to coin dealers that sent me a paper with prices US and Canadian both

Today you need 20 to 30 albums to do a common set. and the mint produces billions. and they look nice
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TheForce's Avatar
United States
4870 Posts
 Posted 03/03/2017  10:50 pm  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
Also those albums like Danscos aren't cheap either. Could cost a collector of all those series a lot.
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CelticKnot's Avatar
United States
12840 Posts
 Posted 03/03/2017  10:54 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
There aren't many inexpensive hobbies out there, and numismatics certainly isn't one of them...
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crazyforATB's Avatar
United States
449 Posts
 Posted 03/04/2017  02:02 am  Show Profile   Bookmark this reply Add crazyforATB to your friends list Get a Link to this Reply
Wow you guys sure are trashing the ATB series! Most of the older collectors obviously aren't a fan of them and like to reminisce of the good ol days. But it was a breath of fresh air and I don't know how it could be any less fun.
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garys64wildcat's Avatar
United States
593 Posts
 Posted 03/04/2017  3:48 pm  Show Profile   Bookmark this reply Add garys64wildcat to your friends list Get a Link to this Reply
CrazyfortheATB and others,

I still like the designs on State Quarters and ATBs. I have saved most issues in circulation now and the special editions of Lincoln Cent and the special Jefferson Buffalos and Kennedys etc. Few rolls of SBA, Sac, Ikes, and Pres dollars. I would like the silver editions but they wanted a lot over value. Especially being retired with limited income and my wife has been sick and takes Xolar shots every 2 weeks at $11500 each and high cost meds. So most of our money goes to Medical insurance that would be my fun money. So I am stuck with what I can find CRH or trading to other collectors. My best is a 70-S LMC small date or a silver coin at face. Its harder to find the key coins now days.

I also collect Canadian and older foreign coins

I still have my other hobby is 1964 Buick Wildcat Convertible I take to shows etc
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United States
20753 Posts
 Posted 03/04/2017  6:20 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I stopped collecting Proof sets when they started adding in piles and piles of coins I didn't like.
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muddler's Avatar
United States
7194 Posts
 Posted 03/04/2017  8:22 pm  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
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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Conder101's Avatar
United States
17884 Posts
 Posted 03/05/2017  04:22 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

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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TheForce's Avatar
United States
4870 Posts
 Posted 03/05/2017  08:35 am  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
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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trout1105's Avatar
Australia
7096 Posts
 Posted 03/05/2017  08:40 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

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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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TheForce's Avatar
United States
4870 Posts
 Posted 03/05/2017  08:49 am  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
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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TheForce's Avatar
United States
4870 Posts
 Posted 03/06/2017  08:45 am  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply


I-Wish-We-Could-Go-Back-To-This...
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