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03-20-2005, 11:06 AM
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#1 (permalink)
| | Coin Collector
Join Date: Mar 2005 Location: Illinois
Posts: 1,814
| Sacagaweas
any one got an opinion of Sac prices?
Dealers having fun? or worth it?
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03-20-2005, 02:49 PM
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#2 (permalink)
| | Numismatist
Join Date: Nov 2002 Location: PA
Posts: 23,528
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I'm not sure what you mean - can you explain ?
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03-20-2005, 02:52 PM
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#3 (permalink)
| | Coin Hoarder
Join Date: Jan 2005 Location: California
Posts: 781
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What he means is it worth keeping them and selling them at coin stores and the like.
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03-20-2005, 06:32 PM
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#4 (permalink)
| | Coin Collector
Join Date: Mar 2005 Location: Illinois
Posts: 1,814
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Sorry about that, what I mean is..
are the dealers over charging or r they worth the $5 for the 2001s and the $3 for the 2002
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03-20-2005, 08:00 PM
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#5 (permalink)
| | Numismatist
Join Date: Nov 2002 Location: PA
Posts: 23,528
| Quote: |
Originally Posted by Spider Sorry about that, what I mean is..
are the dealers over charging or r they worth the $5 for the 2001s and the $3 for the 2002 |
Dealers charge whatever the market will bear. If they are offering the coins at that price and people are paying it - then that is what they will charge. If they are being sold cheaper someplace else - that's where people will go.
All you can do is shop around and see.
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03-20-2005, 06:39 PM
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#6 (permalink)
| | Senior Member
Join Date: Feb 2005 Location: Northern Indiana
Posts: 428
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Sounds a little high I would say unless they are very high grade examples. I'm not sure what bid is on them but CoinValues has a modest price of $10 for the 2001S starting at Proof 66 Deep Cameo. I also see dealers asking around $5 or more but if I shop around or stay with my regular dealers I can find nice examples for $3-$4.
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Last edited by Steve E; 03-20-2005 at 06:46 PM.
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03-20-2005, 08:49 PM
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#7 (permalink)
| | Senior Member
Join Date: Nov 2004 Location: Portland, OR
Posts: 424
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Also, bear in mind that there are literally still tons of mint fresh 2000 - 2005 dated Sacs sitting in Federal Reserve vaults waiting to be distributed. The local armored car folks in Portland still receive mint bags of these when there is an order for them. These will probably be around for several years before this stash is used up. I would suspect that you can still order bags of these through your bank or armored car company. Only problem with that is that you'll need to buy thousands at a time.
__________________ "Experience is a hard teacher. It tests first, and teaches afterward." |
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03-20-2005, 09:26 PM
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#8 (permalink)
| | Junior Member
Join Date: Jan 2005 Location: KY
Posts: 38
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I am a car wash owner that dispenses the dollar coin. At the present time we can only get rolled coins and they are mixed with SBAs. When I say "we" I mean the CW industry as a whole. No one can get bagged coins or Sacs only. The president of the International Car Wash Association even spoke before congress a couple years ago trying to get this issue resolved, so far it has been a waste of time.
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03-21-2005, 01:26 AM
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#9 (permalink)
| | Numismatist
Join Date: Nov 2002 Location: PA
Posts: 23,528
| Quote: |
Originally Posted by cdb1950 Also, bear in mind that there are literally still tons of mint fresh 2000 - 2005 dated Sacs sitting in Federal Reserve vaults waiting to be distributed. |
The only Sacky coins ever released for circulation to the the Federal Reserve were dated 2000 or 2001. In fact those were the only years they even struck any for circulation.
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03-21-2005, 12:12 AM
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#10 (permalink)
| | Coin Hoarder
Join Date: Jan 2005 Location: California
Posts: 781
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The + about the SBA's is that if they are still in very nice grade they may be worth more than the face value. I often see them from 1979 and 1980 with very little wear.
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03-21-2005, 11:54 AM
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#11 (permalink)
| | Junior Member
Join Date: Jan 2005 Location: KY
Posts: 38
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I kind of doubt that a 79 or 80 SBA is worth any more than a buck. I get hundreds every week, practically all look brand new.
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03-21-2005, 12:05 PM
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#12 (permalink)
| | Coin Collector
Join Date: Jun 2004
Posts: 1,080
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For my money, a white SBA is probably not true Unc. I started getting some slightly toned (blueish or grey) from the Post Office vending machine. Those were the truly Unc. ones. A little bit of rub would take that color right off and make them look bright.
A true Mint State SBA might be worth hanging onto (a few, any way), but the question is, it is worth your time to search. The answer to that question might be “no”.
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03-21-2005, 05:38 PM
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#13 (permalink)
| | Coin Hoarder
Join Date: Jan 2005 Location: California
Posts: 781
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./.
_\___\____\__hehe
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03-21-2005, 09:16 PM
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#14 (permalink)
| | Junior Member
Join Date: Mar 2005 Location: Erie, CO
Posts: 3
| SAC prices Quote: |
Originally Posted by Spider any one got an opinion of Sac prices?
Dealers having fun? or worth it? | I happen to like this coin alot (as a dealer and collector).
I am still getting 2000-P rolls from my local bank (I am only 20 miles from Denver!). These rolls are in original MINT wrappers. However, the other Sacs are hard for dealers to get and they are starting to climb in price.
Be very aware of the 2001-S Proof Sacs. Dealer wholesale on this coin is now $80 each. That is why the 2001 proof sets are high.
I would recommend anyone wanting this coin to wait. The prices have been artificially inflated due to telemarketers buying them up at the major coin shows. At some point the prices will have to come back to reality.
So, most BU Sacs are worth the price at $2 to $5 each. The proofs at $10 to $35 each (except the 2001).
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03-22-2005, 01:19 PM
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#15 (permalink)
| | Coin Collector
Join Date: Jun 2004
Posts: 1,080
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I never used to watch the priceof Mint or Proof sets I was buying annually, since the price never seemed to move very far (except for the 73 proof Ike, for example, but thathas come back down to earth). Lately, though, this has chnaged.
I willhave to do an inventory one of these days and perhaps I will let go of some doubles.
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