Collecting Presidential Coins

It's the little numbers that keep track of the printing plates. PNC = Plate Number Coil

 

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And that little # adds value? Or is it a stamp collector thingy?

 

The number adds value to a stamp collector! Some numbers are also rare. Search PNC in ebay stamps. I collect the transportation coils in strips of three and five.

 

Yes, JWA IS talking about flipping, and if you can get in and out, and make some money, more power to you. I don't consider that an 'investment', as Sholom points out. Flipping has to be done in the sense that you are 'striking while the iron's hot'. Look at the '08 Rev '07 ASE. Those were fetching VERY good money, upwards of $600-$800 for MS69's (the TV hucksters were asking/getting over $1,000). I bought 10 at $99 (got them very early on), sold them in the $500-$600 range, but they have since settled to $350-$400ish (not including the MS70 First Strike/Early Releases). I made some really, really good money (read 'profit'), considering when I got in and got out (I kept 2, which were effectively free). At the current price levels, I'd still be in good shape if I held and sold now, but I 'got in and got out' and did quite well. This is the exception to the rule....there will always be those exceptions (the Lincoln Coin/Chronicles set is still holding a nice premium...about $130-$150 average for a $50 set, though there was ALLEGEDLY 1 per household, many, including myself, got multiples...I sold one for $250, gave 1 as a gift, held 1, so I made $100 net, still have 1, and gave a $50 gift which is worth about $130-$150 now, that effectively cost me nothing, so there are exceptions). BUT, to hold moderns as an 'investment', I just don't see it (remember, I'm not talking about errors/varieties). Mintages are WAY to high, there is no intrinsic value as pre-'65 10c, 25c, 50c and $1 coins were 90% silver, and designs are lame in general, giving these Statehood/Territories/National Park quarters, Prez dollars nothing to make them a good long term outlook for higher prices. COLLECT for ENJOYMENT, and if you are a smart, knowledgable collector, who has done his/her homework (luck has nothing to do with this), your collection very well may appreciate. But, these new releases, IMHO, are not good long term winners...the Prez dollars are already proving this. Look at the prices realized for NON pop-tops...nothing to speak of, and they haven't shown anything that.

The LUCK part comes into play ONLY if you are a flipper, and you get in, sell at the right time (at the coin's peak interest....like the Presidential GW 'missing edge lettering'...remember the prices of those originally, then where they landed just a short time later?), then get out and count your cash, put it away and collect interest to make that money work for you. OR, put it into a low mintage, or semi-key/key date coins that will always have demand (think '55 DDO Lincoln cent, '22 No D Strong Reverse, '16-D Merc dime, just to name a few), then you are actually learning something, something that will make you a better, more informed collector.

Flipping has to be done FAST, and if you don't get your 'flip' item when others are selling for big money, you may get in the game after the slide has begun. Don't get me wrong, flipping can be VERY profitable, but it's a quick tick of the clock, and your watch better be set correctly.

 

I'm guilty too Phil. I subscribed from the beginning and have a box of 2 each that have never been opened. I just stick the box in the closet when they come every month. Not only did I do that, but I subscribed to the Signature Series, which they quit minting. Who knows, maybe one of these days . . . ? ? ?

 

Definitely no shortage of flipping opportunities in the recent past and often they are profitable. Then too, I enjoy collecting just to collect even though there's no current profit to be made. The incentive to do so? The enjoyment and over the long run, your collection will probably be worth more. Kind of a nice hobby, as many will only cost money that will never be recovered.

 

No reason to think it's a bad purchase, or think yourself an idiot AT ALL. As I said in a previous post, I subscribe for 2 Pres covers, as well as the proof, silver proof and mint sets. I only gave my opinion that there was a bleak long-term possibility on them...I gave MY thoughts on it. Though, I HAVE been wrong before (I think just once or twice....LOL). Thats why I'll continue to get the sets so I can have nice Danscos...just in case they DO become a worthy holding. Gotta cover your bases, no? It'll keep me from doing this: :headbang:

 

Have to be at least $2,395 just to break even with the "official" rate of inflation.

Chances of finding a stamp collector ?????

But realize that in most every case someone down the line who bought and allowed you to make that profit has seen his "investment" lose half it's value. This says a lot about INVESTING in moderns. You do better if you can get in early and flip to the suckers. In the long run chances are good you'll be able to invest the money you make and then in a few years buy back the same coins for less than you paid originally. Be the flipper, not the flipee.

 

Not to get off topic too much but as we have all noticed the president and sac dollars do not see too much time in circulation. Banks do not give them out unless you ask for them, and if a store gets them they go to the bank right away. So what is happening to all these coins are they just sitting in banks all over the country collecting dust or what? Does anyone know?

 

I collect them Unc and would like to thank a certain CT Member and his Daughter for the latest additions to the collection Thanks George & Thalia :high5:

 

I have an uncirculated collection going too. I used to ask for them at the bank but I've given that up. I could only find the current one occasionaly and then only the Philly mint. So now I just buy them from my local B&M. He lets me pick through his rolls to find nice ones.
The question I have is in 2016 if Carter is still with us do they just skip to Reagan? And what about 2017 and beyond,will the series be continued as each former pres dies? You might have gaps in years where there are no coins issued?

 

They are just sitting in vaults. This is one of the reasons why these coins won't ever be worth anything. Not only are they being made in huge numbers, nobody is using them. So, the vast majority are being preserved in MS condition. Circulated examples are probably harder to find for many of the designs than a MS is.

 

A president has to be dead for 2 years I think so even if he's dead, it'll take 2 years after that.
Good point, if a president is skipped because he's alive -- once the series is done I doubt they will go back and reissue the coin.

 

The only ones I am getting are the ones included in my silver proof sets.
I do get them at my bank and spend them though.

 

Not to beat a dead horse but I do agree there will be an overabundance of some of them. I am betting though that despite there being that many, putting together a complete set will take time and effort.

Case in point are the State Quarters, they are all out but how many can put together a set right now from the change you receive in stores and whatever you get from the bank. It may not be impossible but some may be willing to pay for that.

 

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Was the edge blank, too?:hatch:

 

Yet, if you look at the selling prices for BU sets...it isn't much. It's because there are so many examples of these coins left in nice condition.

 

Originally Posted by jwa_jwa_jwa
Case in point are the State Quarters, they are all out but how many can put together a set right now from the change you receive in stores and whatever you get from the bank. It may not be impossible but some may be willing to pay for that.

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Yup -- again -- (to state the obvious) we have to consider supply as well as demand. Sure, some may be willing to pay. But everybody and their brother knew it'd be a collectible, so dealers stocked up a gazillion of them. I.e., some may be willing to pay, but there are so many available that those that are willing to pay don't have to pay very much for them. Complete regular-BU sets will be in plentiful supply for a long time to come.

 

That's a good point Sholom and well stated too.