Mint is is finally doing something right.

Mint is finally doing something right.

They are considering making a 90% silver Presidential Dollar. I only hope it goes through, or passed or whatever.. I guess they need to decide fast. I would like to hear more input on this subject.

 

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That would be nice, but knowing the mint, 90% silver dollars won't be a cheap set. IMO too many products and gimmicks, quality control issues, poor designs = no thank you.

 

Where did you hear this?
Since they are the same composition as the Sacagaweas, (junk metal, not very golden) I assumed (pardon the use of the word) that they would do the same, proofs the same as regualr issue.

 

seems if they could make a gold first lady coin, they could at least make a sliver presidential coins. I read somewhere that the more or less bronze presidential coins they are making is for educational purposes, teach the children about coin collecting at an early age.

 

A few days ago Coin World had an article about that. "Mint officials are contemplating issuing the Presidential dollars in silver, although they would have to gain congressional authority to strike the coins in anything other than the authorized manganese-brass clad composition." As far as I can tell, the article is available online for subscribers only. Anyway, this may never get beyond the contemplation phase ...

Christian

 

Do we really need more "made for collectors" coins that are sold above face value? At what point does it become pure exploitation to keep putting out endless varieties of coins knowing that there is a collector base that feels it must own all of them. I guess that's another reason why I like old coins.

 

As long as people pay high prices for these "collector" coins the mint will make them.

 

Yes they are contemplating silver President dollars. They have had an online survey asking collectors if they would be interested in buying silver versions and what kind of prices they would be willing to pay.

The problem is they do not have any authority to strike silver versions of the coins. In order to do so they will have to go back to the Congress and the Senate and have new legislation introduced, debated, passed and signed into law. That will be difficult and take a fair amount of time. They can't start trying to do that until late January 2007, and the Congress has a bunch of revenge they want to get out of the way first. I seriously doubt they could get the legislation through until late 2007. Too late for the silver 2007 proof sets. (although they might offer a special four coin set. But they would then have the problem of getting the holders etc)

 

awsome

thats cool and great

 

price

At what price they selling them for?

 

The question is very premature. They can't even think about setting a price until (and unless) they get a bill through Congress authorizing production.

 

The mint will continue to charge as much as they want for whatever sets they sit and think to put together because they know very well that there are enough collectors out there who will purchase these sets and they will make their money. I absolutely will not buy any of these overpriced sets or singles. I too, will continue to collect older coins. How many people do you think have fallen for the popular "first strike" label that alot of these coin dealers and shop at home tv ripoff shows have put on these $5 gold Buffalos. The mint says these coins were not shipped out in the order they were minted, so therefore, there is no way possible anyone can tell what is a first strike and what isnt. These coins that were deemed "first strikes" are selling for up to and over $3000. I personally wouldnt buy one at regular issue price let alone fall into the scam some of these dealers are putting out to the collectors.

 

I dont think they will do such a thing. It is one of those things people want to do but never happens, if so...You will start collecting coins from today Also I agree that it is very stupid, but i dont really know much of the "presidentail coins" I spoke to some one about it and they said it was so dumb and stupid to make it a daily thing

Aviva

 

:rolling:

 

Far more than they are worth, and far more than we should pay.
The mint is a money making operation, and we are supporting them.

 

One of the questions in the Mint survey was whether of not you would be willing to pay $55 for a silver proof set with the four President dollars in silver.

 

Considering who two of the presidents will be, Washington and Jefferson, I would gladly get on a mailing list to obtain a proof silver set of them. Probably would not want them any other way.

 

We DO support them by buying their products.

Nope, one-ounce silver coins at 50% over spot arn't overpriced. Neither are one-ounce gold coins at 25% at spot. For that matter, neither are sets with a face value under $5 being sold for $22.95.

Yup, free market does set the secondary value of coins... like those 2005 proof sets, well, until the Mint sells them right up until 2007 so far.

The secondary price will ALWAYS be higher than issue price on sets like the AGE 20th Anniversary, when the mint makes 10,000 sets to satiate a collecting community of over 1,000,000 (If you prefer to use statistics issued by the Mint, a collecting community of over 105 million people.)

 

There are about 3 million people on the mint mailing list, they have about a 10% responce rate, so about 300,000 actually buy directly from the mint.

(pay $55 for a silver proof set with silver president dollars.)
No, but I don't collect moderns and haven't purchased from the mint since 1975 or 76.