intrinsic value of jefferson nickel is $0.06234 while that of sacagawea dollar is $0.0613 each. which coin do you like to collect?. and why?. five cent worth $0.06234 one dollar worth $0.0613 no wonder the mint like the american people to have the one dollar coin. how much the mint make?.
I collect Jefferson nickels because I find Thomas Jefferson to be one of the greatest American heros we have ever had. His history is well documented. Jefferson nickels were the first coins I ever seriously collected, and that began over 40 years ago, and I'm still learning about the series. It's been a life-long pleasure. How much does the government make every time they print a new $100 bill?
Wait, I've been running to the bank to get all the Sacagawea Golden Dollars I can get because they're a dollar, but now you're telling me I'm getting 7 cents for my dollar? Can I still use them up at a store for a dollar? Will they grow in value if I keep them in good condition? I have like 10 of them with the D mint mark and only one with the P.
jefferson nickels without a doubt. you can still find some gems today in regfualr currency mainly because they for the most part had no silver content that kept them away from hoarders, and are very common in appearenace which makes novelty collectors less likey to find and keep them.
That is how much the mint is spending to make $1...but when the mint issues the coins they put a value of $1 on them. Yep.... No one knows....and no one will know. Speedy
I didnt put any of my political views in my post, I just answered the question. US government doesn't make a penny when Federal Reserve bank, a private -owned entity, prints a $100, or any other bill. Where did you see my political views in that?
I like Jefferson Nickels because its a very inexpensive set to complete and I think it has an attractive design. There hasn't been a decent design on a dollar coin since the Morgan. Regardless of the cost it takes to mint a coin, its collector value is much different, especially depending on what type of issue it is, mint set, proof set or even the statehood quarters for that matter.
But the Fed. Reserve Bank doesn't print them - the Bureau of Engraving and Printing does, and they are a govt. agency. The Fed. Bank merely distributes the notes that they buy from the BEP for $100.
paper note and coin bullion value for coins as of yesterday were: cent before 1982 .024 cent after 1982 .009 nickel .065 dime .022 quarter .055 half $ .109 susan $ .084 sacagawea .063 ike $ .220 paper notes: 1.00 .030 2.00 .030 5.00 .030 10.00 .030 20.00 .030 50.00 .030 100.00 .030 the best coin is the nickel. i would say as of yesterday. dealer bidding price for all common nickel rolls should be $2.85 and ask for about $3.35. and for maximum retail price should be $4.50 per roll for common dated nickels.
Ok, and who decides how many will be printed? Who dec ides what interest rate gonna be? Who decides what your money worth?
The Federal Reserve tells the BEP how many bills and in what denominations they will need in the coming year - the BEP then prints the bills and sells them at face value to the Fed. Reserve. The Fed also determines interest rates. Congress decides what our money is worth.
This is from the BEP's annual report - 9. Revenue from Sales Revenues are derived from the following principal customers: September 30 2004 2003 (In Thousands) Federal Reserve System $491,179 - 93.6% $469,642 90.6% United States Postal Service $ 19,501- 3.7% $37,513 7.3% Other $14,072 - 2.7% $10,930 2.1% Total $524,752 - 100.0% $518,085 - 100.0% 2004 CFO Report They aint doin it for free, the BEP gets seigniorage just like the US Mint.
About three years ago I realized that a) I'd never have the kind of cash to put together a world class collection the like of Eliasberg, b) I really liked the looks of uncirculated coins, even if it meant that had little history, anc c) I could build a set of jeffs in bu for cheap cheap cheap without going over $50 for any one date and now I am only 2 dates short (both in the 90's) of a complete set.
production figure for nickels 2006 jefferson nickel (p) 487,200,000 2006 jefferson nickel (d) 517,440,000 figures as of july 31, 2006.
why few in circulation? because it bullion value is well over face value. people got the new uncirculated roll will just keep it. after all it is only cost them two dollars. the keelboat and peace medal nickels were widely used. that's is why its uncirculated roll cost more than am bison and ocean in view. after many months of searching the new nickels. in new york, average find, i would say two westward nickels can be found in a circulated roll. unlike statehood quarters. it can be half of it in a roll. my prediction is that keelboat uncirculated roll prices can be match peace medal in the very near future.
Dockwalliper & tracy5900, pardon my denseness, but what exactly are you saying? Are you suggesting that even though there were more than a billion minted, that most will never be released into circulation, or that they will not circulate because those who get them will keep them?
