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 Replies: 11 / Views: 1,621 |
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Pillar of the Community
United States
4963 Posts |
I got a 2005-P Sac in my change today. I know these are NIFC, and the mintages are substantially lower than the early issues. How often do the rest of you get NIFCs in circulation?
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Moderator
 United States
187862 Posts |
They are sold by the mint in bags and rolls. Buyers keep the gems and dump the rest. That being said, I have yet to find one myself. Then again, dollar coins are rare down here thanks to the existence of the one dollar note.
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Pillar of the Community
 United States
4589 Posts |
Very common... there was a scheme or scam (pick the word) where the mint was accepting credit cards and not charging for shipping. So people would 'buy' the coins from the mint to get credit card points, and then scurry off to deposit them at the bank before the bill came due.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Moderator
United States
187862 Posts |
I was going to say that the scam was locked down before the Presidential and Native American dollars went NIFC in 2012. However, I then realized that this thread is about the 2001~2008 NIFC issues, so it fully applies.  |
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Pillar of the Community
 United States
4963 Posts |
Thanks. Dollar coins circulate widely here- I got this one and two other Sacs today as change from a vending machine, and my non-collector friends spend them frequently.
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Valued Member
Panama
137 Posts |
Well that's weird this year alone I have seen 4 Sacs in circulation and I don't even live in U.S
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Pillar of the Community
United States
4963 Posts |
Do US coins circulate widely in Panama? I know you have mentioned finding US coins in other threads, and I suppose the fractional parts of the Balboa are the same size/weight as corresponding American coins. |
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Valued Member
Panama
137 Posts |
A lot, 8 out of 10 coins I receive in change are from the U.S, all coins are the same size as their U.S counterparts and made from the same materials
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Moderator
United States
187862 Posts |
http://www.usatoday.com/story/trave...ars/2484391/Quote:
What's better than one official currency? Two, of course. In addition to its Panamanian balboa, Panama accepts the U.S. dollar "at par" (a rate of 1:1). This means that travelers don't have to worry about exchanging money in foreign airports or dealing with fluctuating exchange rates—making Panama an economical destination, at least for now. In 2014, the nation's large-scale canal expansion will come to an end, opening Panama's pristine beaches to large cruise ships and a surge of value-seeking tourists. So, savvy travelers would be wise to grab a fistful of dollars and head down there sooner rather than later.
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Pillar of the Community
United States
6130 Posts |
I think I got 2 NIFC Sacs back when I picked up a roll every time I went to the bank. One (2004) had a nasty bag mark, and the other (2005) was well circulated.
The Mint sold them for just a few cents over face value when bought by the roll or bag. I think a lot of dealers pulled them for the 67-70 coins, and culled the rest into circulation.
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Valued Member
Panama
137 Posts |
We used to have paper money as well but people refused to use it and it only lasted one week, our silver bullion (1 oz) has a face value of 10 Balboas (10 dollars) compared to the American Silver Eagle which has a face value of 1 dollar
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Pillar of the Community
United States
4963 Posts |
The thing I'm most surprised about is that it's a P mint coin. Nearly all Philly coins less than about 40 years old are very uncommon here.
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Replies: 11 / Views: 1,621 |
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Posted 01/26/2016 6:25 pm
