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 Replies: 78 / Views: 11,769 |
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Pillar of the Community
United States
2815 Posts |
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You cannot un-ring that bell.   I think we all pretty much have a good feeling that this will not pass, but even if it does the decision is easy for me- NO. |
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Valued Member
United States
150 Posts |
Per a call to a customer service rep at the mint from State Quarter guy on CT stockpiles of uncirculated ms p&d pres dollars are being recycled (more scarce) do to the unpopularity of them I wonder if this material will be used in these 50 state $1 Dollars I'm guessing that the latter half of them 2012 2016 didn't get circulated as much because I haven't seen them in circulation. CCF members effort to circulate them. http://www.coinworld.com/voices/joe...ll/2015.htmlPic http://www.npr.org/2011/06/28/13739...nobody-wantsI like multiple designs it's what keeps me collecting ! |
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Pillar of the Community
 United States
4587 Posts |
With all due respect to "somebody on CCF" I doubt it. The mint doesn't strike coins on spec. They strike them based on orders from the Fed Reserve. https://www.treasury.gov/about/educ...ibution.aspxSomewhere in there they are monetized and the difference between the cost to mint and the face value goes as a credit on the account of the US. Ship them back and melt them down and you have the corresponding debit between face and the value as metal. Only if the loss exceeds the storage costs would it be economical to melt them, vs. keeping them in a vault somewhere. -----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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Pillar of the Community
 United States
4867 Posts |
I hope they DO get melted. Let's look at this...if and when the dollar bill is eliminated it would be odd for example seeing new 2009 dated dollar coins be distributed in lets say 2030. As I have said a million times, I am for the use of dollar coins but not these edge lettered monstrosities.
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Moderator
 United States
187446 Posts |
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Somewhere in there they are monetized and the difference between the cost to mint and the face value goes as a credit on the account of the US. Ship them back and melt them down and you have the corresponding debit between face and the value as metal.
Only if the loss exceeds the storage costs would it be economical to melt them, vs. keeping them in a vault somewhere. This. Quote:
I hope they DO get melted. They will not. Quote:
Let's look at this...if and when the dollar bill is eliminated it would be odd for example seeing new 2009 dated dollar coins be distributed in lets say 2030. Nowhere near as odd as seeing a 1964 nickel every other day. Sure the nickels usually look old, but remember that the golden dollars age pretty quick.  |
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Valued Member
United States
493 Posts |
Back in 2007 I bought one roll each of the first 4 presidents, held them this whole time. I JUST broke them out of the wrappers, looked for errors, and I'm spending them. I really enjoy spending them, and maybe I'll start ordering them at the bank just for this purpose, I did say .. maybe. Still, to close to the size of a quarter, they are not catching on, and those poor Kennedy half dollars, jeez, those are even funner to spend, people love seeing those.  Edited by everything
10/02/2016 02:19 am
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Moderator
United States
187446 Posts |
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Pillar of the Community
United States
996 Posts |
These dollar and quarter programs are like collectible plates. If someone makes it and labels it as "Collectible" some idiot is going to buy it. Until that stops working they are going to continue.
Maybe they would have more success making collectible $5 and $10 bills, imagine the seigniorage as they are removed from circulation...
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Pillar of the Community
United States
4867 Posts |
I think the novelty of having the fun State Quarter program had ran its course after the series concluded. There is so much glut now and to me it's overkill. Am I the ONLY one who wants to go back to a regular design and stick with it? All these multiple yearly designs is just overwhelming and not necessary. |
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Moderator
United States
187446 Posts |
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Maybe they would have more success making collectible $5 and $10 bills, imagine the seigniorage as they are removed from circulation... The only problem is that federal reserve notes do not generate seigniorage the same way that coins do. They are a debt instrument, so the seigniorage is based on interest, not on the difference between cost and face value. Their being in or out of circulation has no affect on it. |
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Pillar of the Community
United States
996 Posts |
Quote:I think the novelty of having the fun State Quarter program had ran its course after the series concluded. There is so much glut now and to me it's overkill. Am I the ONLY one who wants to go back to a regular design and stick with it? All these multiple yearly designs is just overwhelming and not necessary. Nail, meet hammer! One design a year is more than enough. I kind of like what the UK did with the Pound coins in the past, they had a few designs that rotated annually. I can live with different designs on one side each year, either from a palette or not. This idea of multiple designs every year for the quarter and dollar has got to stop though. I don't think it will. |
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Pillar of the Community
United States
982 Posts |
If collectors continue to put together type sets in the future, I have a feeling they won't bother building 21st Century coin sets. I can't fathom how many 2000-2016 type coins there already are... |
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Pillar of the Community
United States
4867 Posts |
The worst thing is that I feel driven away from quarters and dollars as a collector. I really wonder if the mint is doing more harm than good to the hobby?
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Pillar of the Community
Russian Federation
5172 Posts |
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If collectors continue to put together type sets in the future, I have a feeling they won't bother building 21st Century coin sets. I can't fathom how many 2000-2016 type coins there already are... Well, ignoring special metal versions (such as silver proof quarters or copper 2009 cents), obscure commemoratives and assorted bullion, this is what I'm getting: 6 cent types (memorial, shield, and 4 bicentennial) 6 nickel types (old portrait, new portrait, and 4 Westward Journey) 1 dime type (it's been the same for 50+ years now) 86 quarter types (45 state [the first five are 1999], 6 territory, and 35 ATB) 1 half dollar type (because I'm ignoring the commemoratives) 48 dollar types (39 Presidential, 1 Sacagawea, and 8 Native American) That's a total of 148 coin types (and there are, of course, even more that I omitted). |
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Pillar of the Community
United States
982 Posts |
Quote:Well, ignoring special metal versions (such as silver proof quarters or copper 2009 cents), obscure commemoratives and assorted bullion, this is what I'm getting: 6 cent types (memorial, shield, and 4 bicentennial) 6 nickel types (old portrait, new portrait, and 4 Westward Journey) 1 dime type (it's been the same for 50+ years now) 86 quarter types (45 state [the first five are 1999], 6 territory, and 35 ATB) 1 half dollar type (because I'm ignoring the commemoratives) 48 dollar types (39 Presidential, 1 Sacagawea, and 8 Native American) That's a total of 148 coin types (and there are, of course, even more that I omitted). Wow, thanks January. I guess Capital Plastics won't be making a holder for 21st Century Type Coins... The ironic part is that a 21st Century Coin Type set wouldn't necessarily be expensive, but it would take up a lot of storage space!  |
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Posted 09/30/2016 11:56 am
