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 Replies: 20 / Views: 2,362 |
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New Member
United States
16 Posts |
All: John Tyler US Mint $1 rolls are SOLD OUT Does this mean that the price on the open market get's as high as the US Mint Harrison's ? John Tyler is the lowest mintage to date for any Presidential dollar so far: P -43,540,000 D- 43,540,000 Total: 87,080,000 |
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Valued Member
United States
326 Posts |
I have a subscription for these rolls and they haven't even showed up yet. From the looks of it they are just making enough to fill the subscriptions and have a few in inventory. I noticed that Presidential dollar production was signficantly being decreased with the release of each new president so I signed up for the program. It seems that it might actually payoff (literally). |
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Pillar of the Community
United States
615 Posts |
I agree production is being cut, but man... it is still 40,000,000 coins. How many collectors are they?
The nickels and dimes might not survive long in MS condition, but the dollars and halves will.
-SFWUSC
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Pillar of the Community
United States
615 Posts |
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Bedrock of the Community
United States
17884 Posts |
Quote:
I agree production is being cut, but man... it is still 40,000,000 coins. How many collectors are they? Probably 60 to 100 thousand serious collectors of the dollar coins. Maybe less. |
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Valued Member
United States
326 Posts |
Well here is something to think about. 43,540,000 /25 coins = 1741600 rolls/40= 43540 boxes. Now how many banks are there in the country all trying to get a box of Presidential dollars? How many of those dollars need to be placed in Mint Sets (various types of sets). So at the end of the day the amount of mint boxed and mint wrapped Presidential rolls is actually a lot less than one might think. |
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Valued Member
United States
326 Posts |
Also double check my math please.
Thank you.
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Bedrock of the Community
United States
17884 Posts |
Math isn't hard to check, 25 coins times 40 rolls =1000 coins per box
43,540,000 divided by 1000 coins is 43,540 boxes All you have to do is drop the last three zeros from the mintage to get the number of boxes.
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New Member
 United States
16 Posts |
I am a big fan of the Presidential dollarsThey are educational and look great. My take is that you buy everything minted in 2009 This year will go down as one of the lowest mintages ever. |
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New Member
United States
16 Posts |
Question for all:
I find that the banks do not always have the Dollar rolls, they send them back to
the Fed because of recession they need less coins.
What does the fed do with all the returns? Melt them down?
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Bedrock of the Community
United States
12437 Posts |
Quote:
How many of those dollars need to be placed in Mint Sets (various types of sets).
None because the Mint Set coins are not business strikes, they are satin finish coins and have a completely separate mintage. Quote:
What does the fed do with all the returns? Melt them down? No, melting them would destroy the seigniorage as a dollar coin only costs about 15 cents to produce. They are redistributed to other banks as they are requested. The Fed can also stockpile coins- SBAs from 1979-80 didn't run out until until the late 90s and then they had to do a mintage in 1999 to keep vending machines supplied since the Sacagawea coins were not ready until 2000. |
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Pillar of the Community
United States
3098 Posts |
Yes!  I am happy because I spent all the old 2007 and 2008 ones I had hoarded up. Now there's space for 2009 ones! Anyways, for those of you wondering, the Harrison mintages are here D 55,160,000 P 43,260,000 T 98,420,000 |
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Valued Member
United States
326 Posts |
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None because the Mint Set coins are not business strikes, they are satin finish coins and have a completely separate mintage. So help me understand something. I currently am putting together a Presidential Set with P, D, and S coins. It was my assumption that I should have a P and a D along with and S for each president. I am filling the holes alloted to me by Dansco. Now if there are satin finished coins as well shouldn't I be collecting 2 P's and 2 D's for each President if I want to have a true "complete" set for each president? Why doesn't Dansco make albums to accomodate this or am I missing something? |
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New Member
United States
11 Posts |
I picked 2 John Tyler's out of circulation last week... WOO face value!
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Moderator
 United States
187702 Posts |
It really bothers me that they started using satin finish coins in the mint sets.  There are people (like myself) that accept the fact that the 2005+ mint set coins are no longer the same as the regular business strikes. If you collect proofs because they are different, then you should collect the satin finish coins in addition to the regular circulation strikes. Then there are those that just build sets by breaking apart mint sets. In this case, it really does not matter how the mint set coins are made, so long as the coins come from mint sets. There are several arguments to be made for or against the declaration of the satin finish coins as their own type. I will leave that for others to comment.  Whatever you decide, it is your choice to collect what you like. If you really want to collect both, then I propose getting an additional P&D (no proof) Presidential dollar album. Use the P, D, & S album for the satin and proof coins; use the P & D album for the business strikes.  |
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Valued Member
United States
326 Posts |
Quote:Whatever you decide, it is your choice to collect what you like. If you really want to collect both, then I propose getting an additional P&D (no proof) Presidential dollar album. Use the P, D, & S album for the satin and proof coins; use the P & D album for the business strikes. So I have one last question. I purchased a presidential uncirculated set from the mint for 2009. Are business strike or satin finish coins inside it? |
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Replies: 20 / Views: 2,362 |
Posted 06/02/2009 10:29 am
