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So Is The Mint Going To Stop Producing $1 Presidential Coins

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Valued Member

United States
148 Posts
 Posted 07/09/2012  06:14 am Show Profile   Bookmark this topic Add ilzho to your friends list Get a Link to this Message Number of Subscribers
Is the mint going to stop or cut back on producing $1 presidential coins, since it's not so popular with the general public? I keep hearing and reading articles from Dec 2011 about this.

Is this going to spark a little hoarding?
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 07/09/2012  06:43 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
It is already a done deal....done because they have a gazillion in storage and will release them if needed. I cannot think of a single reason to hoard the coins in circulation.

They are still producing them for collectors if you want a roll or two...
Valued Member
United States
148 Posts
 Posted 07/09/2012  06:44 am  Show Profile   Bookmark this reply Add ilzho to your friends list Get a Link to this Reply
So, no 2013, 2014, coins, etc.....
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n9jig's Avatar
United States
997 Posts
 Posted 07/09/2012  06:54 am  Show Profile   Bookmark this reply Add n9jig to your friends list Get a Link to this Reply
They will continue the series through the end, just not in the amounts they did before. Instead of hundreds of millions of them they will only produce enough to satisfy the demands of collectors, to fill out Mint Sets, Proof Sets etc. You can also get them in rolls and bags. I think I read some place that the expected mintage would be in the 3 million range each but I could be wrong.

Should the public discover they are useful alternatives to the paper dollar or if they discontinue the paper dollar there is no reason the Mint couldn't ramp up production of dollar coins again to compensate.
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 07/09/2012  07:36 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

Quote:
So, no 2013, 2014, coins, etc.....



Quote:

They are still producing them for collectors if you want a roll or two...




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mycrob's Avatar
United States
2602 Posts
 Posted 07/09/2012  09:47 am  Show Profile   Bookmark this reply Add mycrob to your friends list Get a Link to this Reply
The US MINT is not producing the Presidential Dolalr coins in the quantities they used to, just enough for collector interest. They will become "Not intended for circulation", like the 2002-present JFK Half dollars.
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1967Canadapenny's Avatar
United States
965 Posts
 Posted 07/09/2012  11:05 am  Show Profile   Bookmark this reply Add 1967Canadapenny to your friends list Get a Link to this Reply
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perfessor's Avatar
United States
927 Posts
 Posted 07/10/2012  02:49 am  Show Profile   Bookmark this reply Add perfessor to your friends list Get a Link to this Reply
Lets hope that "not intended for circulation" is a short-lived thing and our elected officials will wake up and realize it is much better to produce a dollar coin than a dollar bill. Wait a minute. What am I saying. Do elected officials really do anything anyway?
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jbuck's Avatar
United States
188151 Posts
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Fuzzy317's Avatar
United States
14463 Posts
 Posted 07/12/2012  04:33 am  Show Profile   Bookmark this reply Add Fuzzy317 to your friends list Get a Link to this Reply
Disclaimer: below is my opinion
I like the Native American dollars better than the Presidential dollars. I do have a few of the Presidential coins saved, but in general I think a celebration of a group of people (that I am a small part of) is better than celebrating one person.
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coppercoins's Avatar
United States
7629 Posts
 Posted 07/12/2012  06:38 am  Show Profile   Bookmark this reply Add coppercoins to your friends list Get a Link to this Reply
Once they enact a law to produce a series of coins that has an end date written in the law, they produce the series to its end. It's only the quantity produced that is changing, which could have a positive note for collectors...fewer coins usually means more collectible value in the end.
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Merc Man's Avatar
United States
561 Posts
 Posted 07/12/2012  08:22 am  Show Profile   Bookmark this reply Add Merc Man to your friends list Get a Link to this Reply

Quote:
It's only the quantity produced that is changing, which could have a positive note for collectors...fewer coins usually means more collectible value in the end.


One other thing working in the favor of potential increase in value is that all issues will be considered as part of the "set" by most collectors I would assume. For example, the Kennedy half dollar could easily be put together as a "set" with just the IFC issues because there is no design change from IFC to NIFC. The Presidential dollars will obviously carry the image of a new former President with each separate issue. I could be way off here and the amount of appreciation in value may be very limited but I plan on completing the series and hanging on to a few extras just because.
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ammarabdulfattah's Avatar
Egypt
139 Posts
 Posted 07/12/2012  08:23 am  Show Profile   Bookmark this reply Add ammarabdulfattah to your friends list Get a Link to this Reply
I'm not sure on this one, but I think n9jig is right. I think they will continue minting the series until it's done but in much fewer amounts.
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upstate's Avatar
United States
3283 Posts
 Posted 07/12/2012  2:31 pm  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
As a coin collector I feel must have these so I get proof sets every year and cover the collection that way. Now that they are going to be NICF I may go with all issues.
Edited by upstate
07/12/2012 2:36 pm
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billymac11's Avatar
United States
613 Posts
 Posted 07/13/2012  6:20 pm  Show Profile   Bookmark this reply Add billymac11 to your friends list Get a Link to this Reply
complete sets will be key. maybe not very valuable, but with the second half of the series only being minted in quantities of 3-5 million, full sets may not get completed by many.
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Weezer1878's Avatar
United States
349 Posts
 Posted 07/14/2012  1:57 pm  Show Profile   Bookmark this reply Add Weezer1878 to your friends list Get a Link to this Reply
I bought a 2010 proof set for my daughter. Her birth year is 2010 and I thought these would be great to give to her. They arrived and they are a decent proof set and I might have to pick up some of the other years.
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