Hi, I have an Abraham Lincoln $1.00 coin and I was wondering how much I could sell it for. Also, how much can a George Washington $1.00 coin sell for?
First off...Welcome to CoinTalk! Unfortunately you should only expect to get face value, or about a dollar for them. There have simply been too many minted. Some people are asking up to two or three dollars for them on ebay in a BIN auction, but those coins typically don't sell. You can buy the whole set of 38 coins plus an album on ebay for around $50.00. That ought to tell you something.
You can spend it for something that costs $1. BTW I have about a half roll open on my desk now that I pick out of when ever I go out.
Lincoln dollar is worth, $1 Washington dollar is worth $1 Unless either of these would possibly grade 69 or 70, they're only worth face value.
69 or 70? really? There are NO Lincoln or Washington circulation dollars graded MS69 or MS70. There are some Satin Finish ones graded MS69, but unless these coins were pulled from a mint set, it is likely a circulation-intended strike. One of my pet peeves is the constant idea/suggestion that all modern coins are readily available in MS69 or perfect MS70. It's simply not true. Just for some data to back up the grading numbers: NGC has graded around 31,600 Washington dollars (combined P and D mint dollars). Of these, a total of 96 have graded as MS67, and 2 as MS68, with none finer. That's 3 coins in every 1,000 submitted, and likely a lot fewer of the total mintage as submissions are usually screened for submission based on the finest coins one can find. The most common of all grades is by far MS65 for the Washington dollar. For the Lincoln dollar, NGC has graded a mere 1,023 coins, of which 102 graded MS67 and 3 graded MS68, and none finer. While this percentage is much higher at 1 in 10 coins submitted grading MS67 or better, these submissions are generally heavily pre-screened for quality. The point being, again, there are NO business strike Lincoln dollars grading MS69 or MS70, and the likelihood of any coming about anytime soon is slim. Long story short, the others are correct in their replies. If is it not the absolute finest-of-the-finest strike and would be graded by a TPG as MS68 or so, then just spend them. This all boils down to mintage rarity versus condition rarity. I'm not a proponent of telling others how to collect, but there are some (many) people who collect based on condition rarity. Really, if you collect "rare" moderns, that's about the only kind of rarity there is.
I don't think anyone would be foolish enough to submit a POTUS $ taken from circulation or an ordinary bank roll to begin with. But then again, one never knows about the 70 everything crowd, do we?
