Presidential Oath Dollars?? Your advice

Collector Plates (remember those?) Beanie Babies, Presidential Oath Dollars...

 

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Check out the latest Coin World for a story on page 10 on these. Seems Aramark, a concessionaire who runs the gift shop at the Mint's had these made up on a whim. Someone there had them sent to ANACS and made a few $ on them.
Coin- Mint product.
Enclosure- third party.
Paying too much- priceless (lesson)

 

Chill out gentlemen...........you're taking life waaaaay too serious.

Plus, unless you have a crystal ball that really works, only time will really tell if these grow in value. Regardless of where they came from or who made them, and regardless of where or how the Oath ring was placed on them; the dollars themselves ARE actual minted Presidential Dollars and NOT medals. I'm content to just wait and see what happens. It's all about timing and supply and demand, anyway.

As was the case with most Collector Plates and Beanie Babies. They may not have much value today, but there was a time when they fetched up to 250% of their original cost. Hey, I'm a gambler and I'm content in seeing what may come in 5 or 10 years (maybe longer), with these Oath dollars.

And should folks not take them serious in the distant future.......oh well.....I'm sure most will toss them. Perhaps that scarcity will raise the value and my Grand and Great-Grandchildren will realize the return on investment.

Heck, if nothing else my Grand-Son will have some rare, and unique novelties to show his kids and laugh about another one of Grandpa's wild investment gambles. I can imagine it will bring some chuckles and laughter, along with some good memories for them to share...........I can live with that, because THAT my friends, is what is truly priceless!!

 

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 ?

 

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.

 

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.

 

I have been to 3 other sites where coin101 was touting the benifits of the presidential oath dollar. Don't buy into the hype of one person. Collect coins for your reason, not some new age viral marketing technique. I feel it is a poor person who uses this type of marketing. I'm not saying don't buy them, I'm just saying don't buy them for the hype. It won't last long.

 

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.

 

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

 

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.

 

'Oath' coins available...

:hail: 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:kewl: 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.!

 

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

 

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

 

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

 

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

 

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

 

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.