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 Replies: 26 / Views: 3,940 |
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Valued Member
United States
165 Posts |
Are there any of these coins that I should be looking out for?  I heard that a few command premium. |
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Pillar of the Community
1325 Posts |
Wasn't there a godless George thing? There are tons and tons of the first 5 years just sitting in reserve banks waiting for people to ask for them. I would say if you find one with a legible date and MM it is a keeper. those in circulation will quickly lose those features since some nimrod decided to put them on the rim of the coin. Maybe try to find the NIFC ones and save them. Odds are most people wanting them will hav ordered them from the Mint in bags or rolls, but others might never see them and in a few years they could be of interest to people to buy on ebay or the like as they weren't as heavily released except by those who bought them from the mint opening their rolls to cherry pick the good ones and toss the rest back out to circulation. If you like the Johnny Depp movies you could construct a little box and just toss a pile of them into it and have a nice pirate decoration for Halloween even! Spend a few at Burger King for there H a.1. LOWEEN bleeding whopper while wearing an eyepatch. mostly any value will probably come in varieties or errors as most people just don't like these and they turn colors from "golden" to blackish-brown pretty fast. Maybe make some sets on a coin board and sell them to a local middle school to teach the first 38 Presidents in order? |
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Pillar of the Community
United States
6130 Posts |
Godless dollars were made when the coin did not receive the rim punch, and consequently was missing the date, mintmark, and motto. They commanded huge premiums for a few months, then it was realized that a few thousand Washington godless dollars exist, and the price dropped from $400 each to $100 each. Then it was revealed that they were made intentionally by a mischievous employee and the value dropped to about $50 each. They reworked the entire production process in 2009, which guaranteed the date and mintmark would be present (the motto was moved to the obverse just to be sure), but at the cost of the rim being almost impossible to read, even on BU specimens. Godless dollars of Adams through Van Buren still carry a large premium.
Some have turned up with doubled rim punches. These can be quite valuable as well.
There's a 50/50 chance whether the rim will be obverse- or reverse-oriented. Some crazy people feel the need to collect both A and B rim orientations for their collection.
The mintages were huge in 2007 and dropped steadily until the end of 2010 when the mint threw in the towel and issued them only for collectors starting in 2011. NIFC coins are almost impossible to get at face value, so I would keep any that you find.
Edited by Finn235
10/06/2015 10:52 pm
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Valued Member
United States
123 Posts |
I'm a history teacher and I've got to say, the artwork on these coins is such that I can't recognize most of the presidents.
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New Member
United States
2 Posts |
I went to the bank and got 49 uncirculated Washington Dollars. There are visible fingerprints from the bank people and I putting them in a bag and counting them. Are these worth more than face value? Should I gently wash them with my cotton gloves to make the prints go away? Should I hold onto them for a while longer before selling them? Thanks for any help.
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Pillar of the Community
United States
997 Posts |
AwesomeDawson13: Sorry but there is no premium on circulation coins absent some sort of validated error. They are worth about a dollar each. While you might find someone to pay extra for them it is unlikely.
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Pillar of the Community
United States
6130 Posts |
A quick dunk in 100% pure acetone (a couple bucks at your local pharmacy's cosmetic department) will remove the fingerprints and hopefully halt any further damage.
Sadly, loose, uncertified dollars are worth nothing over face value. Unbroken rolls of 25 coins are worth about $26-30 on paper, but are pretty hard to turn a profit on due to shipping costs etc. The Fed has so many of the darn things that they literally had to build a new warehouse just to hold them; most of which have never even seen circulation.
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Bedrock of the Community
United States
17884 Posts |
Quote:
A quick dunk in 100% pure acetone (a couple bucks at your local pharmacy's cosmetic department) will remove the fingerprints and hopefully halt any further damage. But it has to be done as soon as possible after the prints were applied. The surfaces on the dollar coins are quite reactive and the skin oils, acids, and salt will quickly etch the print permanently on the surface. |
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New Member
United States
2 Posts |
Ok.That kinda stinks, I was hoping I could turn around and sell it for a few bucks profit. Thanks guys
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Pillar of the Community
United States
1913 Posts |
Quote:
Are there any of these coins that I should be looking out for? I heard that a few command premium. Errors aside, the keys to the series are the reverse proofs that have been issued this year. They were sold directly by the mint. There's one more left to go on sale at the end of this month. |
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Valued Member
United States
392 Posts |
I'm thinking that the Presidential dollar Coins are a series which will begin, and end, in my lifetime (knock on wood  ) If for no other reason than that I felt the need to collect the series. There's a lot about them I don't like. The same could be said of the Sacagawea, Staties, ATBs, and SBAs. I do have a question however, here goes: I just recently received all 8 of this years Presidential coins from the mint. That's one of each of four designs from both Philly and Denver, total 8 coins. The cost was around $16.95. Today I got a notice that the 4 coin sets from both Philly and Denver will go on sale on Oct 22, at $12,95 per set. Is it just me, or does this seem a little strange. Who would pay $26 for the two sets, when they can get both for $17? Is this intended for people who only collect from one mint (Denver, or Philadelphia)? And why are they going on sale on the 22nd, when I've already received all 8 coins? Maybe I've been cleaning too many coins in acetone, I don't get it. Jack PS - Jbuck - No necro-bumping here, right?  |
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Pillar of the Community
United States
624 Posts |
The 2000 P Sacagawea "Cheerios Dollar" Can catch quite the premium. Not a Presidential, but I have seen them in the $5,000-$10,000 Range.
In 1999 Cheerios decided it wanted to release pennies from the year 2000 in their cerial and then there were x number of dollar coins. These dollars were printed early so Cheerios could have them in the boxes before the turn of the new year. Between the time they were sent to General Mills, and the time that they actually released the coins they decided to taek out some of the detail on the Eagle on the reverse of the coin. Most of them ended up being opened and tossed into circulation, but the ones with the extra fine detail on the tail can fetch big money once authenticated. (You can google for images, there are plenty of examples)
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Pillar of the Community
United States
1913 Posts |
Quote:
I just recently received all 8 of this years Presidential coins from the mint. That's one of each of four designs from both Philly and Denver, total 8 coins. The cost was around $16.95. Today I got a notice that the 4 coin sets from both Philly and Denver will go on sale on Oct 22, at $12,95 per set. Is it just me, or does this seem a little strange. Who would pay $26 for the two sets, when they can get both for $17? Is this intended for people who only collect from one mint (Denver, or Philadelphia)? And why are they going on sale on the 22nd, when I've already received all 8 coins? Maybe I've been cleaning too many coins in acetone, I don't get it. I may be reading too much in to the product descriptions, but I think there may be quality differences in the coins. The eight coins set description reads "Each eight-coin set features four uncirculated Presidential $1 Coins from the U.S. Mint at Philadelphia and four uncirculated Presidential $1 Coins from the U.S. Mint at Denver." The four coin set description reads "These coins have a circulating finish but have never been placed into circulation." Since the US Mint set coins have what they call the "brilliant" finish (basically higher pressure using newer dies) and the rolled coins have a lesser circulating quality, I'm guessing that the eight coin sets have the brilliant finish and the four coin sets have the lesser circulating quality finish. But, I could be all wrong. Perhaps someone who knows for sure can chime in. But, that doesn't really answer your question. Why would someone pay more per coin for less quality? |
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Valued Member
United States
392 Posts |
Thanks, Bret. Your guess is certainly better than mine. I appreciate that you took time to try and solve my mystery. It also reaffirms for me that this is a somewhat "strange" situation (not simply a matter of my senility). I'm thinking that you are probably correct and there is some difference in the finish of the coins (or perhaps in the packaging). But, if that's true, it seems that the mint would have been much clearer in the description. Thanks, again. Jack
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Pillar of the Community
United States
1913 Posts |
The description from the mint set says "Produced in special presses, these uncirculated coins feature sharp, intricate details." This is the "brilliant" finish they refer to in the following press release. http://www.usmint.gov/pressroom/?ac...ease&ID=1186The markup over face value for the mint sets is 2.09. The markup over face value for the eight dollar coin set you purchased is 2.11. If the eight dollar coin set does in fact have coins of the same quality, then I think it's a good value. |
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Valued Member
United States
392 Posts |
Bret - Perhaps the individual (4 coin) Phil. and Denver sets are kind of like the old Special Mint Sets? Perhaps not proofs but minted with polished planchets? No frosted details, just brilliant surfaces. Jack |
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Replies: 26 / Views: 3,940 |
Posted 10/06/2015 10:48 pm
