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 Replies: 9 / Views: 1,379 |
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New Member
United States
28 Posts |
With announcement that US Mint will reduce the production of dollar coins, is it too earlier to begin saving uncirculated rolls of President dollar coins? Banks always seem to have these rolls available.
BTW - Is there a particular way coins are wrapped that indicates they are direct from the mint or Fed?
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Pillar of the Community
United States
1699 Posts |
The reason they are reducing production was because there is a surplus. There are too many coins for the little demand. Many millions of the coins probably still remain uncirculated and I don't see them increasing in value for quite some time.
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Valued Member
United States
424 Posts |
The wrapper on rolls from the mint...say U.S. mint on them.
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Pillar of the Community
United States
594 Posts |
If you are looking at a bank, look for the rolls with the Presidents name stamped on it. Those will be uncirculated rolls.  |
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Pillar of the Community
United States
3755 Posts |
The one on the left is the mint roll. Nothing wrong with keeping a roll of each MM if you have the money.  |
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Valued Member
United States
462 Posts |
There are billions of these coins being stored by the government because no one wants to use them. There are billions more that are out in circulation. They said they stopped minting them presently, but never specifically said they wouldn't start up again. So I'd say keep a few if you're interested, but there's certainly no reason to hoard them.
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Pillar of the Community
Canada
3692 Posts |
What will happen if they never catch on? Didn't it take billions to mint them? So I assume that would be a huge loss that they'll never get back again. They'll have to eventually enter circulation, like it or not, but by then a dollar will be the equivalent of $0.10.
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Moderator
 United States
188391 Posts |
The one dollar note will eventually go away and the one dollar coins will eventually circulate. Eventually.  |
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Valued Member
United States
410 Posts |
I don't see the Presidential dollars becoming popular any time soon. They were minted in huge quantities and never really used. |
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Pillar of the Community
United States
1796 Posts |
How to save the government money:
1) Kill the $1 bill. (Hee hee, Kill Bill)
2) Resume production of the $1 coin.
3) Profit.
It's unequivocally the best thing to do (despite anyone who will whine about taking their medicine).
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Replies: 9 / Views: 1,379 |
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Posted 12/26/2011 12:05 pm
