| Author |
 Replies: 17 / Views: 3,920 |
|
Pillar of the Community
United States
1601 Posts |
Who out there buys Presidential dollar rolls from the US Mint? The reason I'm asking is that it seems to me that the overall quality of these supposedly uncirculated coins keeps going down with each issue. There are water spots, streaks of "dirt" that don't come off easily [if at all], scratches and bag marks, etc. And it isn't just the outside coins, it continues on into the rolls. Coins from the Philly mint seem worse that Denver. Has anyone else noticed this? |
|
|
|
Pillar of the Community
United States
562 Posts |
I don't purchase Presidential dollar rolls myself from the Mint, but a coin dealer friend of mine has been talking about their poor quality. He showed me a roll of Truman's with dirt marks and water spots. When the Ike's released, he received one that had completely toned brown already. I imagine the Mint has placed Presidential dollar production on the low priority list. |
|
Pillar of the Community
 United States
1601 Posts |
That's just what I'm seeing. I'm wondering how long the coins have been sitting in storage ...
|
|
Moderator
 United States
187532 Posts |
I do not buy the rolls. I only get the proofs since I cannot see the edge when they are in an album. However, if I did collect the business strikes, I would buy them singly from a coin dealer.
|
|
Pillar of the Community
United States
1601 Posts |
jbuck, thanks for responding. I think the proofs are more attractive and what I would call "collectible", but when the circulation experiment first started in 2007 I was all on board. I really wanted the things to work. I'd get 3 rolls at the bank when they came out, break and spend one right away and throw the others in the safe for later or for the kids. I kept doing that until the Fed/Mint announced they would no longer be issuing new presidents.
Lately, though, I've started buying rolls from the mint to sell (cheap) as singles or PD pairs at coin shows thinking the latest Presidents would be more familiar and something that local browsers might pick up, even if they weren't small dollar enthusiasts. And I have rolls for the kids or grand-kids when I do my own Big Melt.
The "crap" that's on the latest presidentials isn't attractive, doesn't add character, and just shouldn't be there. Even a warm water soak with a drop of soap doesn't remove the gunk. I'm not a cleaner, but if there's a simple way to take off this surface spotting, I'm all ears.
|
|
Valued Member
United States
269 Posts |
I have bought rolls of Kennedy halfs, and the quality on those is mostly pretty bad too, especially the Philly issues.
|
|
Pillar of the Community
United States
3057 Posts |
I agree with Jbuck... dealer is the route to go.
|
|
Moderator
United States
187532 Posts |
I started getting them from circulation as well, but realized that they needed to be pulled quick. These coins do not hold up well in circulation. Unlike red cents, which turn a nice chocolate brown, these coins start to resemble baby puke after just a few transactions.  |
|
Pillar of the Community
United States
2815 Posts |
Quote:
I started getting them from circulation as well, but realized that they needed to be pulled quick. These coins do not hold up well in circulation. Unlike red cents, which turn a nice chocolate brown, these coins start to resemble baby puke after just a few transactions.
 - Do you guys think these Presidential dollars would have more appeal if they were "silver colored" Cu-Ni? I wonder how these coins would have done if they had been a collector only silver dollar series. |
|
Pillar of the Community
United States
1601 Posts |
Quote:Do you guys think these Presidential dollars would have more appeal if they were "silver colored" Cu-Ni? I wondered about that, too, to the point that I took a can of my daughter's silver spray paint and gave one a little touch-up  . It looked better, but it also looked like a spray painted coin. Poor George. Seriously, though, it did look better. |
|
Moderator
United States
187532 Posts |
Quote:Do you guys think these Presidential dollars would have more appeal if they were "silver colored" Cu-Ni? Good question. They certainly would need to be NIFC from the start to be anything other than the golden dollar. I would hate to see a repeat of the SBA-quarter confusion. Quote:
I wonder how these coins would have done if they had been a collector only silver dollar series. Probably better, in my opinion. While we are speculating, we should have made them full size dollars in 90% silver. I would be all over that.  |
|
Pillar of the Community
United States
593 Posts |
I bought 4 rolls of unc D mint. Geo Wash 1$ coins Maybe I should take the out of wrapper, and spend the ugly ones. Or sell if saleable. I agree of the circ. ones don't hold up good. The SBA hold up good in CU much better a lot better from 1980 than any (gold colored) circulated. Sac or Presidential I think that the mint should change the alloys for dollar and pennies soon or you wont have collectors for them unless they do. I have seen the cents really get ugly within 1-3 years in circ. HMHO. |
|
Pillar of the Community
United States
593 Posts |
Maybe like Canada does with some coloring or noticeable ID. Beside put the date and info on the Obverse and Not on the Edge.
Any market on the Geo 1$ w/o the lettering
|
|
Pillar of the Community
United States
1601 Posts |
I'm surprised to hear that you can get GeoWashington rolls from the mint. Or did you get them way back then? The Washingtons (Presidential small Dollars) that I got back in 2007 are fine. They are still fine. If they haven't been through circulation, they're still fine. In fact, earlier this morning I got out some small dollar Air-tites and put one JFK and one Thomas Jefferson in capsules for comparison. The 2007 coin looks great, shiny and "gold". The 2015 coin looks drab, dull, smeared and spotty. I don't think they have changed the composition of the outside layer. Something has changed in the minting or storage process, though, and I'd really like to know what it is!  Yes, there is a market for pres dollars without rim engraving, but others here know a lot more that I know on that topic. You can only tell that by breaking your rolls and checking. This is getting long winded so I'll throw it back out to the community. Any insight here is welcom! |
|
Pillar of the Community
United States
593 Posts |
I bought them from my bank then and 4 Wa State Quarter rolls both with the names on the rolls from the mint |
|
Pillar of the Community
United States
1037 Posts |
I have only bought a few Presidential dollar rolls. Mainly for the man on the coin and not for a set or series. |
| |
Replies: 17 / Views: 3,920 |
Posted 09/02/2015 9:35 pm
