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 Replies: 12 / Views: 1,719 |
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Valued Member
United States
128 Posts |
Can any one justify purchasing the Presidential dollar rolls from the mint at $35.95 / each roll. I understand that each roll is mint specific i.e., denver and philly. However, I have read that you should not keep your coins in the paper rolls for "long term" storage. One may think that by buying rolls direct from the mint the rolled dollars would have more value. This brings me to my ultimate question if you buy Pres. rolls direct from the mint how would you go about storing for long term and verifing to a future buyer / owner that the coins came direct from the mint at a premium price if you removed the coins from the gov. wrappers (that are different than the bank wrappers)and used a coin tube for storing. I would not want to have to pay for 1st day issue by a grading service. What would you do? |
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Valued Member
United States
178 Posts |
I can get rolls for 25 bucks. I work at a bank and had a special ordering period. Unfortunately only the P mint
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Pillar of the Community
United States
2269 Posts |
You are better off getting the Presidential dollar rolls directly from the bank. The coins are wrapped the same way. If you buy them for the mint, you are getting the pretty mint paper instead of the bank rolled paper. Since the mint rolls are almost $11.00 more without the cost of shipping, I'd stick with the bank rolls. At least you will be getting them at face value. I am unsure of how long term storage affects the coins in the roll. Also Welcome to the Forum. |
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Member
United States
3242 Posts |
1st off  There is a very little value add to a US Mint for the President rolls now but down the road? you pay almost $40.00 with s/h I would buy the Sac's & Kennedy's only because they are most of the time no easy to find at a bank's Bu. For me the bank rolls are the way to go  |
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New Member
United States
48 Posts |
Bank rolls are the way to go but who has acces to both the P&D coins. If you work in a bank you only get one or the other. As collectors you want both but the banks are not in business to accomodate us so you buy the rolls at a preimum from the mint. I dont like it but if you want both the P&D coins what other choice do you have. Buy from a dealer? They mark them up too so the Mint may be giving you the better deal.
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Pillar of the Community
United States
2269 Posts |
A great way to obtain different mint rolls would be to trade with other CCF members.
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Bedrock of the Community
United States
19930 Posts |
Another vote for a trip to the bank. Just be prepared, not many bank have real mint rolls. 99% of the time I get offered rolls from a place "money vendor" like Brinks. Rarely do they have solid date, mint rolls.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Valued Member
 United States
128 Posts |
Thanks for all the input. Here is the funny and maybe dumb thing. Since day one I have purchased and continue to buy two rolls of pres. dollars direct from the mint one P & one D. I just can not help think as amac44 suggests that down the road and likely a very long, long road that the rolls direct from the mint with specific labels P and D dollars could be more valuable later. I still go to my local credit union and / or bank and pick-up 4 rolls or so of each new issue dollars. I have found that all the rolls thus far from the bank / credit union are all mint specific. That is I receive all P's in one roll or all D's. I open the bank rolls and cherry pick the best and spend the rest to "circulate" the dollars; of course as we all have witnessed, read or heard no one continues to pass / use the dollar but rather say "is it real?" or "I will hold on to this". So again, my real dilemma is what to do with the P & D specific label paper dollar rolls direct from the mint. Do I keep them in the paper rolls as I have thus far. How long can the dollars be left in the paper rolls before possible damage? Can any one think of a way to remove the dollar coins and place in coin safe storage tubes and still be able to prove the dollars where direct from the mint.  Sorry for the long blah blah blah PS. It is very difficult for me not to open these rolls from the mint. I can't stand it |
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New Member
United States
48 Posts |
ptb, I know just what you mean by wanting to open those mint rolls. I have been buying the P&D rolls from the mint and wonder if any of those error coins are in there. I have stored them in those square tubes intact even though I can't completly close the cover to make the seal. I never gave any thought about the long term affects. I left them in their original wrappers thinking it would add to the authenticity as a collector. I didn't invest in them, I bought them as a collector with no intension making a profit. More than likely my sons will inherit them.
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Moderator
 United States
187582 Posts |
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It is very difficult for me not to open these rolls from the mint. I can't stand it What is the fun in having coins that you cannot look at?  |
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Valued Member
United States
128 Posts |
I would agree jbuck but in this case, I am not collecting the rolls for my (at least not immediate) "fun" but for a gift to leave for one of my kids and it will hopefully be their "fun" in the future! As they decide to open them or sell them?
As the lyrics go from a Tom Petty song "the waiting is the hardest part".
My immediate fun with regards to the dollar coins anyway comes from buying the rolls from the bank and searching through them.
Ptb
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Pillar of the Community
United States
6326 Posts |
Take it for what it's worth, but I called the Mint and asked them that very question about their "paper rolls" and they assured me that it is "acid free" and for the "long term/storage" in coin collecting. Just how many years and IF kept in a humidity free zone.....I'm sure they wouldn't know though.....  P.S. I was doing the same thing as you are.....I would buy 4 rolls of "D" mint from my bank for face value, and then purchase 4 rolls of "P" mint from the U.S. Mint for each and every President......but after the first 5 Presidents.....and the uncirculated sets......and the individual proof President coins......the Presidential Proof sets......the Presidential Signature Series coin.....the Silver Proof sets also have the same proof President coin too......all these different ways for the same coin to be collected, just in different "packaging" combined with the "reality" of the future LOW value of these coins, the mintage numbers just being too high and the fact that EVERYONE will have these in very nice condition esp. uncirculated even 100 years from now........I DECIDED TO CEASE AND DESIST BEFORE ANY MORE MONEY WAS WASTED ON THEM!........ Now I maintain a couple of albums and I just get one Denver roll from my bank at face value.......and I feel good about the decision!... any money spent on coins by me will now go towards "classic" coins actually WORTH money now and will GROW in the future.Edited by eaglefoot
05/22/2008 2:49 pm
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Valued Member
United States
206 Posts |
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combined with the "reality" of the future LOW value of these coins, the mintage numbers just being too high and the fact that EVERYONE will have these in very nice condition esp. uncirculated even 100 years from now........I DECIDED TO CEASE AND DESIST BEFORE ANY MORE MONEY WAS WASTED ON THEM!........ Eaglefoot makes a really good point- These pres. dollars have really saturated into the market place.. with all the new collectors that have come into the hobby via the State Quarter program (who have now moved on to collecting the dollars) I think Eagle is right to say there's a good change they wont be worth much. That being said I buy the rolls at face and pic and choose from there (as a side note, I'm new to the hobby, but got into collecting when I was left a coin collection that my late uncle had built) |
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Replies: 12 / Views: 1,719 |
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Posted 05/20/2008 7:05 pm
