| Author |
 Replies: 17 / Views: 3,722 |
|
Valued Member
United States
51 Posts |
to be honest I and I swear to god I never seen and I didnt know theres a huge one dollar coin, its amazing to see one like this. I saw my co worker holding it I thought its half dollar and she told me its one dollar I asked her if I can trade it with a dollar bill and she gave it to me, I think customer just handed to her. because the coin smells bad lol   |
|
|
|
Pillar of the Community
United States
6478 Posts |
That is a type 1 1976 D Ike dollar.  Produced in 1975 and released in mint sets. Ike dollars are the best. Look at my avatar, it is one.  Quote:
to be honest I and I swear to god I never seen and I didnt know theres a huge one dollar coin There are a bunch of other kinds too.  That's a piece dollar. This is a Morgan dollar.  There are seated, trade, and other types of large silver dollar. They also made small GOLD dollars. In fact, your avatar is a small gold dollar.   I recommend that you get the Red Book, and that you read it. It would be great for your education on coins. Edited by SilverStackerKid
11/15/2015 03:23 am
|
|
Valued Member
 United States
51 Posts |
the other day I went to the bank to buy to buy $25 pennys and $100 worth of nickels but all the nickels are new so I didnt touch it then I went to barnes and noble I bought this  its kinda pricey I bought it for $12.88 and I went to check the coin Red Book for 2016 its worth $17 but I decided to buy it next week because I'm out of budget |
|
Pillar of the Community
United States
6478 Posts |
The Red Book is such an amazing source of information. |
|
Pillar of the Community
United States
1191 Posts |
Just a random question, were the gold dollars produced for circulation?
|
|
Pillar of the Community
United States
1191 Posts |
Just saw that you want to buy a Red Book. Try ebay first, I got mine for $8 shipped. |
|
Pillar of the Community
United States
6478 Posts |
Yes, if I'm not mistaken, they circulated more in cities, rather than rural areas, while the silver dollars more in less populated areas.
|
|
Pillar of the Community
United States
1191 Posts |
Was gold considered a precious metal back then?
|
|
Pillar of the Community
United States
6478 Posts |
Well, it's been called precious for thousands of years. But was it precious in America during the time? Maybe? People did hoard their gold so it is likely. Oh, and don't forget the gold rush. People would not have mined it if it was not valuable/precious. I don't know though.
|
|
Pillar of the Community
United States
1191 Posts |
Wonder if people actually used those coins. I would of saved them, considering their gold value, and used the paper version of the currency.
|
|
Moderator
 United States
56855 Posts |
angelo35's avatar looks like a three dollar princes to me. John1  |
|
Pillar of the Community
United States
2661 Posts |
If you are seriously going to collect coins you will need a good supply source. $12.88 is a bit expensive for 200 2x2's. I would suggest you check these guys out. I buy nearly all my supplies from them. 2016 Red Book is $10.99. Save up a bit more money and make a big order over $50 and you will save money even with the $9.95 shipping. |
|
Pillar of the Community
United States
997 Posts |
Back in the day silver dollars and most gold coins were produced for three reasons: First as a circulation device in commerce, second as a way to store value and third as a way to monetize the metals provided to the Mint. Gold coins did circulate, but not a lot. It was used mostly to provide backing for paper money, certificates and deposits. Silver Dollar coins were also used for this but took up a lot more room for the same value.
One could provide a supply of gold or silver to the Mint and they would mint it into the coins of the day for you on demand. (Whether they minted the actual metal and returned it to you in coin or just swapped your raw metal for their coins I do not know.)
Gold Dollars were kind of the ugly stepchild of coinage. They were more often used as a decorative device mounted in jewelry. They stopped making them before the end of the 19th century (around 1880 or so...) so they haven't been made in 120 or 130 years.
Other small gold coins circulated in small quantities until the Depression years when the government took gold out of circulation. Silver coins ruled the roost in the 20th century until the 60's when silver became more valuable as bullion than coins and it was replaced. Silver dollars however were never real popular in commerce due to the heavy size and weight as well as the fact that a pair of Half Dollars or 4 quarters were more flexible to carry and use for about the same weight. This was when a dollar could buy 10 times what it could today. Even now when a dollar is worth what a Dime was just 60 years ago the dollar coin is rarely if ever used, even after several attempts to promote it with reduced size and different designs.
|
|
Pillar of the Community
 United States
5828 Posts |
Quote:Just saw that you want to buy a Red Book. Try ebay first, I got mine for $8 shipped. At my local coin clubs auction, there were BRAND NEW, unused 2015 redbooks (Crisp uncirculated, to borrow paper money grading) selling for $.50-$2.50 apiece, so there are definitely good deals to be found. |
|
Pillar of the Community
United States
4932 Posts |
I don't touch Redbooks at all, as they are terribly inaccurate since silver price and gold prices change, and so do coin values. I usually take Coins Magazine, graysheet, and PCGS price guide (app) and essentially take a couple dollars off the price. |
|
Bedrock of the Community
United States
12813 Posts |
The Red Book's prices are useful for ballpark pricing of coins and relative pricing between similar coins. Most of us here don't bother with the pricing info because the Red Book's real value lies in photos, checklists, historical info, and other useful info on its pages. Typically the Red Book's prices will be numismatic in nature and not much affected by spot, but the coin market itself does fluctuate and an annual price guide simply isn't frequent enough these days to have current, accurate values. |
| |
Replies: 17 / Views: 3,722 |
Posted 11/15/2015 03:42 am
