Presidential Dollar coins to be discontinued?

Pcgs pops for Z Taylor in MS67 are: P 11 and D 1. None grade higher.

$5K, huh? Can you link the auction?

 

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I think that the word "force" is too strong as it implies making them do something they do not rreally want to do.

If there were no alternative for the one dollar denomination other than the coin, the general public would readily accept it as they have in other, more knowledgeable, countries.

 

Rickmp, I had it for sale on ebay for 5,500.00 dollars, and sold it for 5,000.00 dollars ! cert verification 15084554, and is in Sonoran Monsoon Registry set for pcgs, and now theres been 5 found at that grade ! price now is 1,600.00 dollars for that coin, according to the information on the invoice i just looked up ! :yes: !

 

Please link the auction or post a scan of the invoice.

 

rickmp i just sent a message with my password & username, you can check it out !

 

Luckily, I am an honest person. I deleted your PM without reading or using the info you sent me. Never make such personal information public.
If you make a statement here on the public boards of CT, please be able to back it up here on the public boards of CT.

 

Have to agree here. I don't care if it's the username/password for chuckecheese's, NEVER give that information out. Usually when you sign up for a site of any kind, there is a lot of personally identifiable information involved. I don't know rickmp from joe shmoe down the street, not saying he isn't an honest person or anything, but you never know. Better safe than sorry.

 

Just Share the Order and provide the order number.

 

Kinda pointless IMO since the price is not sustainable as its more or less a one time PCGS Registry Purchase. Any published prices will simply go down as the population increase. And they will increase regardless of what some folks feel that they "know". For that matter, even if they don't increase, interest in the sets is limited to fewer than 5 folks who would be willing to pay $1,600 just to sustain their positions "in the registry".

Imagine what would happen to the prices if PCGS dropped the Presidential Dollars Registry Sets?

I have an MS68 Monroe (1 of 6) that used to have a price of $3,000 associated with it but I couldn't get $200 for it since of the 6 that have been graded, only 5 people wanted them enough to pay that kind of money and they already have theirs. BTW, the price for the coin has dropped to $2,250. Why? Because those that wanted one already have one.

The prices reflected in the PCGS Price Guide are not based upon "consistent sales" but are only PCGS Authorized Dealer reports of prices they got from folks with the "fever" that are building or sustaining a Registry Set. These are "DEALER ASKING Prices" in a "DEALER CREATED MARKET" and in no way reflect the real Coin Market.

Here is a good example:



I am sooooo glad I didn't buy this one when oit first came out but instead chose to wait for it to show up in a "public auction". I have several more of these "High Dollar" presidential coins in my stable that have literally bled soooo much money that I don't even think about it anymore. If I did, I'd just go crazy.

How about a 2008-D John Quincy Adams thats "registry valued" at $600. I couldn't sell that one for $250 since the folks that wanted one, already have one. I've had that coin up for sale in my eBay store for better than a year with a $350 BIN or Make Offer. The listing is automatically set up to accept any offer of at least $250 and to automatically reject any offer lower than $200. No big deal though since I have NEVER received ANY type of offer for the coin. NONE! NARA! Can I honestly state that its worth $600? Absolutely not.

Now if someone can sell one of thse for $1,600 then great but stating that they have a "value" of $1,600 is simply bogus claim which cannot be backed up by "consistent public sales".

A Morgan Dollar will ALWAYS be worth silver melt.
An MS67 Morgan Dollar, on the pther hand, will ALWAYS be worth 5 full figures. ($xx,xxx)
An MS67 Presidential Dollar....................will Not.

I do not see this changing in my or my childrens or their childrens lifetimes.

 

I had no idea Pres Dollars in MS67 were so valuable.

 

Coins, unlike currency, become an asset at their face value as soon as they are struck and the seigniorage is "deposited" into the general fund of the Treasury making it available for spending. It literally creates money out of thin air. In 2012 though, there were no circulation coins so no seigniorage to "deposit" and the general fund didn't get the $400 million that they got in 2011.

 

Position A or B?

PCGS's price guide has the value much less than $5k on those.

Position A is listed at $2000, and B is listed at $1600.

 

Wasn't David Vitter the same guy that got caught up in the sex scandel a few years ago? I guess that LA has moved up from just electing criminals to high office.

 

He must be a total amateur in numismatics to pay $5k for a coin that PCGS lists the value at $1600.

 

at the time of sale, there was no price guide for that coin, i had the only one at that grade ! i also sold a 2010-d Roosevelt dime that graded fbms-67 for a lot of money too, its was 1 of 1 ! when you have the only one graded at that grade, the sky the limit ! there's very serious collectors out there that don't want to lose out on 1 of 1 coins ! as for giving up info on my account, you have to trust, the person i sold the presidential dollar too, let me hold the coin til his check cleared ! that's trust

 

Serious collectors paying that kind of money for a high grade modern? Are you serious? I think anyone paying that kind of money (for moderns) needs to have his purse strings tied........

 

just like my Minnesota statehood quarter extra tree error, there know pictures out there of it, so i would say that's a new error, if so, the sky the limit in price ( 1 of 1 )

 

there's people out there that can waste money like its water, my father bought some early gold commemorative coins, some are the best ever found, and paid three times the amount of what their worth ! he has money to burn, and don't care

 

That I can understand, but not for common modern coins which are minted in the gazillions..........

 

i agree, i would never paid that kind of money, but like i said, some people have money to waste