jinglepockets

GDJMSP - Check out the 1913 Liberty Nickel, as one example. This was a coin that was produced without the authority of the U.S. Mint. They were made in limited quantities, and as most collectors know, it is one of the best-known and most coveted rarities in American numismatics. This five cent coin fetched $100,000 in 1996, another broke the million-dollar mark soon thereafter and then in 2003, one was sold for almost $3 million. I'm not saying that these oath dollars will reach those milestone marks, but who's to say that they due to their limited number (1,000), they won't significantly increase in value ?

GDJMSP

Well I'll tell what jinglepockets - if you are using that logic as a basis for your opinion, I hold out little hope.

There are a great many more encased coins out there that exist in numbers far smaller than 1,000 examples and they typically sell for way under One Dollar - have for decades. Perhaps you should go buy all of those up.

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weasle94

What about my encased postage stamps . Some of these are very expensive. I still say ,buy what you like ,if your in it to make money open a shop ,buy the monster sets and begin.Weasle94

davidh

Limited edition 'Genuine' coins have been made for years and sold for tens of dollars, with an actual worth now of face value or a miniscule amount over. Witness the colorized or gold plated quarters, or love token cents. As a matter of fact, they're exactly the same as the cents which were embedded in an aluminum ring. I'm afraid that these oath dollars will reach the same status and some day sell for $1-2.

Cloudsweeper99

I'm surprised this thread is still going. Eventually all that will be left is a dollar coin that might be slightly damaged from the encasement. But maybe this is one of those situations where everyone who harbors the opinion that these things will be worth money someday should pay the $80 or whatever -- then consider it a tuition payment to the real world.

gocamels

I agree. Encased coins have been around for a long time. This particular set is just coming along and getting some publicity as there are new collectors coming into the market.

So many people know so little about the Presidential Dollars to begin with, that things like this are going to gain a lot of hype, but when the first wave of these coins meets dealers at shows who either 1) say "No Thanks" or 2) make on offer of $5 (because they have customers who collect encased coins most likely) then reality sets in.

The problem is that so many people get taken in by these things and then get mad at the dealer(s) who tell them that they are worth not much over face value. Lots of potential new collectors get burned with this stuff and drop out before they ever have the chance to develop as knowledgeable collectors.

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clembo

I see this on a VERY REGULAR basis.

Often times the holder is worth more than the coin.

We do often buy these for Gocamels' reason number two. We have a few customers that collect them. Buy em cheap and sell em cheap.

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Crismo

Anybody interested in this coin should contact Penny Press Mint in Utah.
They actually encased the coins that were sold at the Denver Mint. At the moment they are tooling up for production and should have the coins featured on their website soon!
Contact Kelly at PennyPressMint@yahoo.com
Or a voice line at 801-798-6831
And they have other cool products at www.PennyPressMint.com
The coins should be priced under seven dollars.!

donnyb

Here is the real deal, The dollars were minted at Denver, the mint sales contractor for the guest sales, Aramark, had an employee who recommended they try it as a store item. They are encircled by aluminum and stamped with a few words of the oath of office. They were to be sold only athe Denver mint as good luck tokens, thus being you had to go to the Denver mint to pick them up. But word got oout and they mailed some out. Aramark only purchased a $1000.00 worth in the new mint promotion on no extra cost on orders of circulation dollars. Mint guest store price was $8.00

weasle94

I have Washington to Van Buren and I think they were $79 each . They have an aluminium ring around the coin and ANACs graded and come in a nice mohogany box like my $5.00 Buffalo gold coins . I hope to get a complete set .Weasle94

weasle94

I have no idea of the resale value . I buy because I like them . Isn't that what a hobbie is all about? weasle94

green18

You like'em, you buy 'em Weasle. That's definately what collecting is all about.

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weasle94

The easiest place to get these "oath dollars " is Home Shopping Network. They have them all

green18

Gonna pay a ton o' money too much there....

__________________
They also serve who only stand and wait....John Milton

RedTiger

HSN is notorious for high mark ups and hype. Personally, I'd advise to steer clear and to stop watching the TV coin shows. Once in a great while a coin TV show might offer stuff at cost, but the majority of their items are priced for 200% to 300% profits. Over the long term, that means the buyers are getting a trip to the cleaners.