I've noticed that the edge lettering isn't always positioned the same way. Does this effect the value of these coins?
I call it Position A or Position B edge lettering I think the value still the same ONE DOLLAR... premium depends on the error and grade...
edge positions are random, when it's completely missing, it's worth more. sometimes there are doubled lettering, i think there are some premium for those.
There are all sorts of edge lettering errors out there. New ones almost with every president! I can tell you from experience that if I buyer ever requests pos A or position B, They always want a position B. It is rarer for a position B to have an edge error. Pcgs will acknowledge the position, but NGC doesnt bother.
If you hold the coin so that you're looking at the obverse side and tilt it slightly, sometimes the lettering is upside down. Other times a coin's edge lettering will be right-side up when tilted like this. I was thinking that one of those varieties might be less common and have a higher value.
As stated above, the orientation of the lettering is random. 50% of the coins will have lettering that is "right-side-up" and 50% of the coins will have lettering that is "upside-down".
I spent $8 of these coins the other day, the cashier at the grocery store refused it until a manager had to come out and give the ok
Nothing can effect the prices rising. However, they seem to lose value every day, and for no particular reason, besides monstrous mintages. What was $200 2 years ago, can be had for $10 now..regardless of the reduction in mintages, these will NEBER be 'valuable' (except for mules, or ...well, thasts close to about it).
The coins are not purposely placed in the edging machine with regards to heads up or down when the lettering is put on the edge of the presidential or sac dollars. No premium, no loss of value. Do not be duped by any seller claiming this is an error, as it is not.
Can any of you picture a time in the future where collectors will be collecting both varieties of these coins in order to complete a set? Some people already do that with other coins. "This 1980 Jefferson Nickel has a filled mint mark, and this one doesn't. I have both varieties."
Collecting both variables would be an extensive and expensive $$$ collection. I think I will just stick to the basics.
There are already some folks who do this with Pres. Dollars. Me? I keep it simple, but that's the type of collector I am. For that matter, you can make any type of collection as simple or as complicated as you want.......
One more silly question. Let's suppose that one lettering variety is scarce for a specific Presidential Dollar. Could that make it a key for future collectors?
By definition neither Orientation A or Orientation B will be scarce. Both will constitute roughly 50% of all examples. If the mintages were extremely low I could see how one orientation could be slightly higher than the other. But with mintages in the scores of millions neither orientation will be scarce. Far from it.
