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 Replies: 16 / Views: 3,158 |
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Pillar of the Community
United States
3077 Posts |
 Why Philly make 10 million Cleveland #2 and whats the deal with the 001 ?
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New Member
United States
28 Posts |
I buy a $25 roll of dollars each week at bank and haven't seen a 2012 issue yet. Small numbers!
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Pillar of the Community
United States
927 Posts |
Since the mint (or whoever) decided in their "infinite wisdom" that dollar coins starting in 2012 would be made for collectors only, the mintage numbers are much smaller this year. That being said, I am very surprised that the last issue for 2012 would be so much higher than the first 3. I seriously doubt that demand increased for the Cleveland #2 coins. As to why some of the mintages end in 001 is interesting. Maybe they made an extra one by mistake. lol.
And Bernied, if you ever find rolls of 2012 dollars at a bank, you are very lucky. If you find some then buy the rest.
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Pillar of the Community
United States
1116 Posts |
I might be wrong, but isn't the 2012 presidential coin NIFC only. If so, the only way that we will see them in a roll from the bank is if they are somebody else's rejects.
Which is alright with me. However, at the present time I don't collect this series at all which might be a mistake on my part. It will be especially for me to decide in 6 years that I want to start a collection and have to buy them from a dealer at $7 a piece for what today would be face value for a somewhat decent example.
Starting this year I have to pay a premium to the mint for what last year was face value mint rolls from the local bank. So I did stop collecting the rolls and am wondering what to do with the rolls that I currently have. But I digress.
But from the figures posted the 1st Cleveland and Harrison seem to be the low water marks for the year.
I thing the the "001" is probably a truly honest count from the mint. At the speed they're popping out coins I would be surprised that they could really stop the presses at "000". So inadvertently they mint may be telling the truth about the mintage. But who knows.................?
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Pillar of the Community
United States
2295 Posts |
Quote:
I thing the the "001" is probably a truly honest count from the mint. At the speed they're popping out coins I would be surprised that they could really stop the presses at "000". So inadvertently they mint may be telling the truth about the mintage. But who knows.................? They can determine the # they mint, by only feeding a certain # of planchets to the presses. And it is very strange they end with 001. Maybe it is just a typo? And don't forget, the Mint sets contain the same dollar coins too, so it might be cheaper to buy a set, than just the dollar coins from a dealer. Shop around and compare prices. |
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Pillar of the Community
Canada
3167 Posts |
@ yotie-
Thanks for sharing that! Didn't know the mintages were out yet.
Thanks!
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Bedrock of the Community
13014 Posts |
Quote:
I might be wrong, but isn't the 2012 presidential coin NIFC only. If so, the only way that we will see them in a roll from the bank is if they are somebody else's rejects. Youre correct. As far as youre other rolls if you dont really like them or want them just spend them. To many were minted to ever really be worth any extra unless you have some of the error ones |
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Pillar of the Community
 United States
3077 Posts |
Got my tinfoil hat on but could the ramp up of dollars at the end of the year mean a possible end to the paper one dollar
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Pillar of the Community
United States
2602 Posts |
I think the Cleveland Philly being high has something to do, possibly, with the law stating that there needs to be a certain ratio between the Presidential dollars and the Native American dollars. I cannot find the info right now, but there is a ratio that must be maintained, so they may have needed huge numbers of one of the Presidential dollars to get that ratio to conform to the Law. Maybe someone else can confirm this. I remember in previous years they had to have a certain % of all the dollars be Native American. Edited by mycrob
09/17/2012 5:35 pm
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Moderator
 United States
187702 Posts |
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Valued Member
United States
137 Posts |
The "PRESIDENTIAL $1 COIN ACT OF 2005" stated ‘Sacagawea-design' $1 coins for circulation in quantities of no less than 1⁄3 of the total $1 coins minted and issued. If that is still in effect then they will need to make a lot more Native American dollars before the end of the year. |
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Pillar of the Community
United States
3077 Posts |
5.6M total NA dollars so far this year
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Bedrock of the Community
United States
14454 Posts |
Quote:
I buy a $25 roll of dollars each week at bank and haven't seen a 2012 issue yet Chances are you won't see any unless you get a few mixed in with others that someone turned in for cash as these in 2012 weren't minted for circulation like the others up to 2011. It has nothing to do with the numbers of mintage on this years presidential coins, its just how they are distributed this year |
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New Member
United States
28 Posts |
If the 2012 Pres dollar is NIFC, does that mean to continue the collection I need to buy a full $25.00 roll for the Mint?
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Bedrock of the Community
13014 Posts |
Yes it does and you will need to do that for all of them moving forward as well.
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Bedrock of the Community
United States
17884 Posts |
Quote:The "PRESIDENTIAL $1 COIN ACT OF 2005" stated ‘Sacagawea-design' $1 coins for circulation in quantities of no less than 1⁄3 of the total $1 coins minted and issued. If that is still in effect then they will need to make a lot more Native American dollars before the end of the year. The law was altered in 2008. It now required the NA dollars to be 1/5th of the total production. |
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Replies: 16 / Views: 3,158 |
Posted 09/16/2012 11:27 pm
