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Save Uncirculated 2007 Washington $1 Coin?

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yechi7's Avatar
United States
717 Posts
 Posted 04/08/2007  6:28 pm Show Profile   Bookmark this topic Add yechi7 to your friends list Get a Link to this Message Number of Subscribers
I just picked up $200 worth of Uncirculated rolls of the 2007 Washington $1 Coin from my local bank (Florida), looking for error coins. No luck.

My question: Should I just return them & get my money back? Or are they worth holding on to? If everyone has the same idea, they won't be worth anything above a dollar. I don't really want to tie up my money on something with minimal possibilities of profit. Advice?

Dovid
Pillar of the Community
TheForce's Avatar
United States
4867 Posts
 Posted 04/08/2007  6:51 pm  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
I think you should just spend them here and there and get these things out into circulation. Please don't return these back to the bank where they will sit in their vault. Since stopping production of the dollar paper note won't happen, we need to circulate these coins and make the public aware of them.
Edited by TheForce
04/08/2007 7:43 pm
Pillar of the Community
United States
1203 Posts
 Posted 04/08/2007  7:28 pm  Show Profile   Bookmark this reply Add OldDan to your friends list Get a Link to this Reply
Why bother to return them to the bank? Why not just spend them as you would amy other money you may have in your pocket.
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docsfishn's Avatar
United States
1031 Posts
 Posted 04/08/2007  7:54 pm  Show Profile   Bookmark this reply Add docsfishn to your friends list Get a Link to this Reply
I agree with OldDan, spend them. It's kind of fun to see the look on peoples faces that have never seen one.
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BRUCE 1947's Avatar
United States
834 Posts
 Posted 04/08/2007  8:17 pm  Show Profile   Bookmark this reply Add BRUCE 1947 to your friends list Get a Link to this Reply
I search them and then spend them just as I do currency the more of these things we get out into circulation the better it is at least that's the way it seem to me.

Bruce.
Valued Member
Glyth's Avatar
United States
181 Posts
 Posted 04/08/2007  8:30 pm  Show Profile   Bookmark this reply Add Glyth to your friends list Get a Link to this Reply
What I did is threw a couple of the nicer one's in some 2x2's, kept some to spend(I kept about $100) and turned the rest in to the bank...
Pillar of the Community
United States
2600 Posts
 Posted 04/09/2007  09:09 am  Show Profile   Bookmark this reply Add Jim1953 to your friends list Get a Link to this Reply
Or, you could take a die grinder to the edge, remove the lettering and about an 1/8th of an inch of material as well, post them on ebay as DRASTIC ERROR COINS, and make a fortune. The devil made me do it.
Jim
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Dockwalliper's Avatar
United States
342 Posts
 Posted 04/09/2007  09:43 am  Show Profile   Bookmark this reply Add Dockwalliper to your friends list Get a Link to this Reply
Get your money back?

They are money. Spend them.

I go thru about a roll a week.
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hunter20ga's Avatar
United States
1173 Posts
 Posted 04/09/2007  10:09 am  Show Profile   Bookmark this reply Add hunter20ga to your friends list Get a Link to this Reply
You're right...they will likely never (in our lifetimes) achieve any collector's value. Just like the State Quarters, everyone and their brother or sister saves 'em, so MS coins will be plentiful for decades to come. Better to pass them on into circulation.

good luck!
Valued Member
United States
62 Posts
 Posted 04/09/2007  2:53 pm  Show Profile   Bookmark this reply Add Greg to your friends list Get a Link to this Reply
i have about 30 rolls I'm going to keep and the rest I look over and put them into circulation--the more we put into circulation the less uncirculated coins will remain
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Spider5689's Avatar
United States
2269 Posts
 Posted 04/09/2007  11:47 pm  Show Profile   Bookmark this reply Add Spider5689 to your friends list Get a Link to this Reply
Spend them, you'd be surprised to find that many people have never seen one before.
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hunter20ga's Avatar
United States
1173 Posts
 Posted 04/10/2007  07:20 am  Show Profile   Bookmark this reply Add hunter20ga to your friends list Get a Link to this Reply
Yep...gave one to a coworker yesterday, she'd never seen one, had no idea they were being minted and put into circulation.
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mopar74's Avatar
United States
136 Posts
 Posted 04/10/2007  09:25 am  Show Profile   Bookmark this reply Add mopar74 to your friends list Get a Link to this Reply
Same thought here. Spend 'em.

I pick up a few rolls every time I go to the bank, check them, then put them in my pocket a few at a time and spend them like any other currency.
Valued Member
Margaret's Avatar
United States
194 Posts
 Posted 04/10/2007  11:16 am  Show Profile   Bookmark this reply Add Margaret to your friends list Get a Link to this Reply
I would also spend the ones you don't want to keep. Since their issue, I have found myself using them more and more and I kinda like it. They are a little more bulky then a bill but somehow more fun to spend. I'm sure the gov't is happy with me! Just doing my part.

Margaret
Valued Member
United States
112 Posts
 Posted 04/10/2007  8:28 pm  Show Profile   Bookmark this reply Add gonefishin to your friends list Get a Link to this Reply
I agree, why not spend them.....
Valued Member
United States
90 Posts
 Posted 04/10/2007  8:46 pm  Show Profile   Bookmark this reply Add Tomb to your friends list Get a Link to this Reply
I use them for tolls mostly, it's nice having them in the car.
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