What the heck does it even mean that it's an "Oath" presidential dollar? Besides an excuse to make money off of people, of course.
There is something unique about this coin from the others I am not sure what it is but I am not a collector of these this is the only one that I own. I collect Lincoln cents and IH cents.
Oath Dollars http://www.buzzle.com/articles/what-are-presidential-oath-dollars.html We just don't know how the Collector Market is going to treat these limited editions in years to come. As I previously stated, who would have thought that those Cheerios boxed coins would be worth what they have turned out to be worth. These "Limited Edition" Coins presently sell for about $80.00.
I wonder which presidents will bring the most future value. You might think the Washington and Lincoln, but maybe they are kept in better shape than say a Pierce or Buchanan.
Well, since these are not official US Mint products, there will be a limited audience but then 1913 Liberty Nickels have a "limited audience" as well. What I mean by that is that only a few folks would ever seriously consider purchasing a 1913 Liberty Nickel. Thats not to say that the Liberty Nickel is not significant but from a realistic standpoint, its well beyond the common collectors reach. What I'm trying to say is that the Oath Dollars address a unique collector or group of collectors. Those collectors may have what they need. I have a certain curiosity regarding these particular coins but its limited to only a curiosity. Thats not to say, since it does have a a real coin in it, that they could not take off at some point in time especially since there are many collectors of "Good Luck" tokens which have Lincoln or Indian Head cents in them. There are all kinds of collectors out there but I think it would be safe to say from a pure "coin collecting" stance that these will have little numismatic interest or value beyond their current $50 price tag. It's possible they could even shrink sown to their original $4.99 price tag at some point in time. From a speculative standpoint, its really anybodies guess.
Thats what I was thinking like not the common collector would want this but maybe the people who go after the really rare ones like the 1923 V nickel that goes for millions and will sell everytime that it is up for sale.
The coins will never draw popularity. If there is an extremely low mintage of one particular presidential dollar, that may be the only way you will see one skyrocket in value above the rest. People are anticipating the Lincolns will be the hot ticket... well I bet the mint is thinking the same thing. They'll overproduce plenty to go around, and with the direct ship program, you can order a truckload at face value.
It means nothing -- it's a marketing gimmick. The coins were produced by the millions, but these holders are limited edition. If you look around the plastic closest to the coin, the coin is in an aluminum ring that has a portion of the presidential oath etched into it. Nothing special about the coin, just the holder. Some people collect holders. I don't.
Our only hope is if the mint decides to melt a bunch down. Anyways, the 2010 proofs come out in two weeks.
The coin itself is damaged, since it has been jammed into a an aluminum encasement by The Penny Press. It may be worth something to collectors of encased coins.
As a Presidential Dollar completist, I buy 5 raw oath dollars of each president and the one in the worst shape I carry around in my pocket. What would happen if I bought all 2000 (1G per mint) of the Lincolns? I'm almost tempted...