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 Replies: 21 / Views: 2,614 |
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Valued Member
United States
179 Posts |
Hi all, My understanding is the Presidential dollars are for circulation just as the 50 states quarters... which brings to mind three points: 1. They will be in the mint sets and proof sets in all their variations (unc and proof, clad and silver?)and probably a standalone annual set (unc and proof, clad and silver))like the qtrs 2. The usmint's thinkers probably are hoping that a feeding frenzy similar to the states quarters will develop, thereby increasing the demand for their product.Of course the seignorage on all those coins make them tons of money! 3. And as I saw previously mentioned, tons of sacs will be made to sit around in vaults, jars and drawers. We can always count on the usmint to proliferate...their marketers are on a roll...Is there anyone out there with the time to calculate what it would cost to buy one of each of their products this year? Best regards to all, Dennis |
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Pillar Of The Community
3147 Posts |
The cost of the proof sets is going to go thru the roof as new packaging is already being developed. The whole program is nothing more than a bunch of politicians patting themselves on the back. It reeks!
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Pillar of the Community
Australia
1091 Posts |
quote:
Originally posted by fastfords1
...Is there anyone out there with the time to calculate what it would cost to buy one of each of their products this year?
I did this exercise for all the Australian coins released in 2004.For All Non Circulating Legal Tender (NCLT) coins from the Royal Australian Mint and the Perth Mint including Gold, Silver and Platinum coins the grand total was $37,067.15 Which proves you have to be selective in what you collect. If you drop the GOLD, PLATINUM and SILVER BULLION coins the price is reduced to under $2000. |
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Pillar Of The Community
3147 Posts |
Personally I hope millions of folks climb on the Presidential dollar band wagon which will virtually kill any after market value. And, while they are busy hoarding the new Presidential dollars, I will be content to grab up the Sackies. Sets of nice mint state Sackies, along with the proofs, will be a very very wise holding and worth collecting. My only regrets, at this time, is selling off all those 2001S proofs I used to own! What a mistake! |
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Pillar of the Community
United States
4589 Posts |
I want to collect the series as long as the the hype game does not get involved to intently except for the First ladies
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Pillar of the Community
United States
2365 Posts |
I wouldn't mind collecting them either just to have a set in my collection. Maybe a set of proofs like the State Quarter proofs would be sufficient. I'm also holding onto my SAC's...especially now since reading this thread. |
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Pillar of the Community
United States
1203 Posts |
And after the Presidents and their first ladies, we will be offered the coins with their pets gracing the coins. Good old Falla, bonzo and Toto. All you grandchilden will have to have a set of these.
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Pillar of the Community
United States
2365 Posts |
quote:
Originally posted by OldDan
And after the Presidents and their first ladies, we will be offered the coins with their pets gracing the coins. Good old Falla, bonzo and Toto. All you grandchilden will have to have a set of these.
I sure hope not OldDan...some of the First Ladies weren't too good to look at either! |
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Pillar of the Community
Australia
1091 Posts |
Don't forget Nixon's "Checkers".
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Pillar Of The Community
3147 Posts |
As much as I hate to say this, but it is the way it was back then, the First Ladies served absolutely NO purpose and was to be seen and not heard. They were nothing more than guests at the White House and about as memorable as your last hog dog vendor at a sporting event! There is absolutely NO REASON to put any of them on a coin let alone a gold one! This really turns me away from collecting U.S. coins in the future. Guess I will stick to the Indian/Buffalo nickels, the Sackies and silver eagles.
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Valued Member
United States
397 Posts |
I agree on the First Lady dollars. I hope they mint a zillion, and cannot sell even 100. Then they will have to melt all of them down and make a nicer coin. I am one collector that will NOT be buying any first lady coins. Watch out. Next, we will have "colorized" senator and representative coins. MM  |
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Pillar of the Community
United States
751 Posts |
If they really do mint 1 Sac for every 2 Presidential dollars (which I have also read in reports about the legislation), there will not be a shortage of Sacs, there will be a glut. |
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Valued Member
United States
260 Posts |
How soon will it be untill I can get my hands on the Presidential dollars? I will probably keep 10 of each so by the end I will have 500dollars lol. |
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Pillar of the Community
United States
4870 Posts |
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Pillar of the Community
United States
751 Posts |
quote:
Originally posted by coolg35748
How soon will it be untill I can get my hands on the Presidential dollars?
Look for the first in mid-February, for Presidents' Day. |
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Replies: 21 / Views: 2,614 |
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Posted 09/15/2006 5:39 pm
