NON- PM NUMI thread
 

Hello Numis,

Thought maybe we could use this thread for a place to post questions and answers about numismatic coins not made of precious metals.

I'll start.

As a gift I was given a roll of Golden Sacagawea dollars, they are BU, in a mint roll, 2009. EDIT 2008

Do I save this? I only assume it may be worth something one day due to the BU condition and mint roll. Or spend the little suckers!

Would hate to break a roll unless it is 1/2 dollars!

Thanks,
Appreciate any thoughts.
AGRO-

Re: NON- PM NUMI thread
 

Everybody and their brothers, sisters, moms, dads, grandma's, grandpa's, & cousins are saving single to rolls of Presidential Dollars and State Quarters. I believe too that there are tons and tons of uncirculated S.B. Anthony and Sac. Dollars laying in drawers and safe-deposit boxes.

I'm not a collector but common sense tells me that these coins won't ever be worth much of anything...there are/will be too many of them available in secondary market places.

And, a dollar today isn't worth squat and continues to lose value every month. What will one of them buy down the road? Virtually nothing if their still legal tender....which they plausibly will not be.

I'd hold them, out of respect for the person who was well-intended and thoughtful enough to give them to me as a gift.

Otherwise I'd add a few bucks and trade 'em for a couple of 1 oz. rounds...or something else substance substance: dry goods, bullets, disicant, good clean 5-gal pails with gamma-seal lids, etc.

Re: NON- PM NUMI thread
 

As the Sac roll was a gift, if it were me, I'd just tuck it away somewhere. That said, I can't foresee a situation where it will appreciate in value.

Re: NON- PM NUMI thread
 

a sacagawea discussion is never complete without a mention of the world reserve monetary exchange:bear_w00t:

http://www.iaconoresearch.com/BlogIm...istic_roll.png

Re: NON- PM NUMI thread
 

but overall if it was a close friend who gave it to you, i'd keep it just for the thought they put into it probably knowing that you liked coins but didn't know much about them themselves

if it wasn't, just become an alchemist and change the cupro manganese mix into an ounce of ag:bear_thumb:

Re: NON- PM NUMI thread
 

When the presidential dollars first started coming out, I was collecting a roll of each. Then I found out the mintage numbers:thumpdown

I can't remember the exact numbers but it was something like 40 or 50 million coins of each president.

When I found that out, I took them to the bank and cashed them out.

P and D coins...
 

The Tyler dollar coins will be lowest to date mintage with 88 million coins, both P and D. I am not holding on to rolls.:Surrender:

Re: NON- PM NUMI thread
 

Funny you show that pic. Remember when those first came out, there was full page ads in the newspaper- you could buy that roll for like $80. I had a hard time keeping my mom from getting one, she said "But they're GOLD!" Anyways common sense prevailed and she didn't spend the $80 for 50 gold $$$. Last August one of my tellers asked ME if I wanted one of them, someone had cashed it in and she was gonna bust it open and run it through the coin counter if I didn't. Moms birthday was coming up so I paid the $50 for it and gave it to her on her birthday. She said "I knew you would order one of those for me", I said "NO, I didn't, somebody cashed theirs in at the bank and I got it for $50".
AGRO I have a rappor with my tellers and some will save "oddities" for ME- I always buy them all even if I don't want them, just dump them somewhere else. HH all, Mark
http://i47.photobucket.com/albums/f1...t/DSCN1575.jpg

Re: NON- PM NUMI thread
 

If they are Sac's and not PREZ's then the mintage will be quite low since the new sacs will not circulate and will 1 out of 5 to be minted. I keep a few rolls for the sheep, they seem to think they will appreciate, and who knows, the sacs and prez might be an oddity if the paper dollar is pulled with the low mintage on these things at the start. BU 1965 quarters and dimes are at a premium, not all that glitters is gold.

Re: NON- PM NUMI thread
 

I made a mistake they are 2008 Sac - Mint roll BU's

Thanks Guys, I think I'll just keep them, they have the sentimental value and are not a bad looking coin.

* one day they will be sold for money for bullion.

The fun starts...
 

Just how many 2009 D Sacajaweas were minted? According to the latest Mint numbers about 24 miilion, but the dealers are telling customers only 700,000 were minted and showing coin magazines with that number in it.:no_ma:

Re: NON- PM NUMI thread
 

I don't understand the Mint's fixation on dollar coins. Every one has been a complete flop. Here in flyover country, I've never seen a circulating Sac, much less the Pres dollar coins. I did get some Pres buxs in change when I was in Vegas earlier this year.

Re: NON- PM NUMI thread
 

I agree, complete waste of time, until and unless the government gets up the stones to pull the paper dollars. And then I will hoard Ike dollars and spent the Sac's and Susan B's.bancha

Re: NON- PM NUMI thread
 

It's not a waste of time for the government. People buy rolls of those worthless clad dollars, which are made out of base metals and they hoard them. Basically they are giving the government an interest free loan and in the process, taking money out of circulation.

The government repays them by minting bazillions of them, so they will never have any collectibility at all.

Re: NON- PM NUMI thread
 

"...I don't understand the Mint's fixation on dollar coins. Every one has been a complete flop."

Maybe it's not the mint's fixation but rather the FR banksters who have figured out that in the long run and comparing production costs, they can make more interest from loaning a dollar coin then they can a paper dollar...because a metal coin will last soooooooooooooooooo much longer?

Re: NON- PM NUMI thread
 

YES,

The fascination= Make a bunch of useless dollar coins, hype them up, so the sheeple buy them for WAY over a dollar, keep them in closets for 40 years.

An effective way to get "free" money or a loan from the public.... w/o letting them know they are getting "bent over."

Many of them will never re-enter circulation.

* sorry just realized Agfingerer said the same thing in so many words!

Re: NON- PM NUMI thread
 

Seriously, how many people do you think are hoarding dollar coins, versus the amount that have been minted and are sitting in bank vaults? They don't circulate because people still want their paper dollars. Even the Ike dollars didn't circulate. The money wasted on designing and minting dollar coins is sickening, IMO.

Personally, I like the idea of dollar coins. The Canadians had the right idea, 1 & 2 dollar coins, take the paper out of circulation.

Re: NON- PM NUMI thread
 

Your right, nobody much hoards them, but just imagine. How fast would they be hoarded, if they were made with precious metals.

Re: NON- PM NUMI thread
 

This is anecdotal, but I understand Morgan dollars circulated well after 1921 (last year minted). Of course, silver coinage was the rule, not the exception until 1964, so I guess people didn't make a big deal about it back then.

Can you imagine that? Back then, money (coinage, not FRNs) actually had value!

Re: NON- PM NUMI thread
 

Ah its similar here in the UK with 'crowns' and '�5 coins'. Everyone has at least 1 in there household. A few years back I bought a 1965 uncirculated Churchill Commemorative from a car boot sale for 50p, (that's only double its original face value).