Presidential Dollars ?

To clarify this, Chris, I wasn't saying all the Mint Rolls of the Presidential Dollars are scarce, but the William Harrison ones apparently are. Explain this:

http://www.ebay.com/itm/2-US-Mint-rolls-william-henry-harrison-golden-dollar-coins-scarce-1-p-1-d-mint-/251134761761?item=251134761761&ViewItem=&nma=true&si=w0AiXJOFJLIHpLWdM%2FJAa6ZGStw%3D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557

 

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Hmm I guess I am lost here Yes I do have the what you are calling bank rolls but I went to the mint site and I could order the last few or what ever and the newer ones. So why did his sell for so much???

 

I'll answer this with one word........bidiots

It was reported that by 2011, the Treasury has stockpiled 1.4 biliion Prez dollars, and it is expected to hit 2 billion by 2016.

Chris

 

I don't mean to be rude Chris, but "bidiots" is NOT a word as far as I know. :yes:In any case, bidders on ebay are bidding on the US Mint BU William Harrison golden dollar rolls like crazy. See here: http://www.ebay.com/sch/i.html?_sacat=0&_from=R40&_nkw=william+Harrison+dollar+rolls&rt=nc

Something does smell, but I can't figure it out. Do they know something we don't?

I think the stockpiling will change once the U.S. REPLACES the dollar bill.

 

it is amazing to me why somebody would pay that much.i wonder if he is the guy who bought the twinkie for 5000 on ebay both items only had one bid thank goodness.

 

The word "nuclear" wasn't in the dictionary in 1940 either. If you want to refer to something a little more modern, why don't you watch a "Scrabble" tournament. I guarantee you they will use words you've never heard used before.

Anyone who would pay $75+ for a wrapper is, in my "dictionary", a bidiot. This same thing happened with the State Quarter Mint Rolls. Don't take my word for it. Search them on eBay. You'll find sellers asking $18.95 on BIN's for rolls that were supposedly hard to get and they are getting......."0".......zero.....zilch......nada.......bids.

Maybe these bidiots think they will be able to sell their rolls of William Henry Harrison to Rick Harrison on Pawn Stars since he is supposed to be related.

Chris

 

My guess is people buying are this up because of the possibility of missing edge lettering + the lowest mintage of the president coins at that time. If you have a roll, you could have $2500 in errors.

 

Wait. People are paying for the rare packaging.

 

If memory serves, this was around the time when the mint put a clamp on the free shipping of boxes of these coins. Back then the mint was trying to stimulate the distribution of the presidential dollars by offering free shipping on $250 Pres. boxes. All they asked was that you spread them around in your community. Some enterprising folks saw a way to cash in with their credit card company's rewards programs and bought the boxes but just dumped the coins at the bank. Free money. The mint kaboshed the program.......

 

Look at "completed" listings:

http://www.ebay.com/sch/i.html?_from=R40&_nkw=william+Harrison+dollar+rolls&_in_kw=1&_ex_kw=&_sacat=0&_okw=&_oexkw=&_adv=1&LH_Complete=1&_udlo=&_udhi=&_samilow=&_samihi=&_sadis=200&_fpos=&_fsct=&LH_SALE_CURRENCY=0&_sop=10&_dmd=1&_ipg=200

As for "bidiots", its a coin forum word used to describe folks that are chasing a pipe dream. $340 for a P & D Mint rolls is just plain crazy and more than likely based upon the "belief" that US Mint rolls receive special handling and as such are in better condition. Nothing could be further from the truth.

As for who rolls what? As far as I know, NF String & Son rolls ALL the coinage for the US Mint whether its destined for US Mint online sales of the Federal Reserve bank. They all get shipped via 2 1/2 ton Ballistic Bags and they all get rolled the same. Some with special papers and others without. Did ya ever stop to think why all the Presidential Dollar Rolls at your local bank actually have the Presidents name on them?

The US Mint sends ballistic bags of Presidential Dollars to NF String & Son Coins rollers. A set amount of these coins are rolled with US Mint Coin Papers which are then sent to the packager for sale on the US Mint Web Site.

Bank Rolls, on the other hand, are sent via Ballistic Bags to NF String & Son who roll the coins for shipment to the Federal Reserve Banks.

In other words, US Mint rolls and Bank Rolls get exactly the same handling. Some of the US Mint sold rolls are in fairly decent shape while some are not. The exact same is true of the Federal Reserve Bank Rolls (which is what is purchased at your local banks). Some are really great while others are not.

Ballistic Bags are 2 1/2 tons bags of coins. The coins at the bottom are junk. The coins at the top may be in better condition "hit" and "scrape" wise.



Folks are certainly welcome to believe whatever they want but the sad reality is that usually, those "beliefs" end up costing them needless dollars as they are chasing dreams based upon inaccurate information.

Rare? Hardly. Scarce? Hardly. Better Condition? Occasionally. Good Bait for a sucker fish? You betcha!

As a side note, didn't some US Mint Rolls for Harrison have Missing Edge Lettering coins or am I mistaken. This could possibly account for the high price of the rolls as well.

 

Kinda like the 2012 Limited Edition Silver Proof Sets heh?

 

You have me reassessing my 2013 want list. I already have 5 biographies of Theodore Roosevelt. Do I really need to spend $10 on a card and 2 coins? Maybe I should just go for the rolls.

 

well actually, nuclear as a word was first coined in 1846
"1846, 'of or like the nucleus of a cell' from nucleus + -ar, probably by influence of Fr. nucléaire. Use in atomic physics is from 1914; of weapons, from 1945. Hence nuclear physics (1933), nuclear energy (1941), nuclear war (1954). Nuclear winter coined by Richard Turco, but first attested in article by Carl Sagan in "Parade" magazine, Oct. 30, 1983. General sense of "central" is from 1912. Nuclear family, originally a sociologists' term, is first attested 1949 in "Social Structure," by American anthropologist G.P. Murdock (1897-1985). Alternative adjective nucleal is recorded from 1840"

 

Thanks for correcting this. Let's just say that it wasn't in the dictionary we had at home in the early 50's, and my computer (the old noggin!) was acting up at the time. LOL!

Chris

 

I really just was looking for a way to use the word "coined"
chortle

Walter

 

For what it's worth, I started using the term "bidiot" on the NGC forums in 2005 as a way to avoid receiving "censored" for a word (idiot) that wasn't permitted to be used, but for all I know, it may have been "coined" by some merchant at a slave auction in ancient Egypt or Rome.

Chris

 

I remember that. I'm thinking you came up with the word. It had more meaning than the word spoon.

 

Larry, how about the word "dredited" as it applies to CT?

Chris

 

Yuh, that is the only reason I have hung on to my wife's rolls of President coins. There was (and still is) a real temptation to swap a few rolls of them for Morgans, but what stopped me was my noticing the gold glitter rubs off or tarnishes on the loose ones. That means (especially now that even the Post Office no longer deals in them) the numbers of them in circulation that are also in perfect condition will in about 5 - 10 years decrease.

BTW, one source for them (also half dollar coins) I discovered a few years ago is my local 711. Get friendly with the clerks there, as in learn their names, their spouse or kid's names, how to say hello in their native language etc. In this economy, at least in this neck of the woods they get a fair amount of people coming in to buy 3 - 10 dollars of gas and paying with coin. Varying types. Locally, before I entered the equation they would just bring them to the bank. Now, once every couple weeks I will visit and get to cherry pick from a friend there the non-standard coins which he has set aside for me to look at. I have obtained many Susan B's and Presidential dollars that way (also some silver dollars, halves and once an Eagle which I have been giving them melt value for).