So I've been Googling, and I need some clarification. So they cut back on production of these (Waaaaay back) a few years ago (2012?) Now they are only being minted for collectors, so I will most likely *not* find any post-2011 at the bank. So I would have to buy them from the US Mint, eBay, etc. The general consensus is that these are not worth any premium now nor any time in the next century. Am I wrong anywhere here?
You are mostly correct. However, no one knows what will happen in the future with overall demand, as well as demand for high grade examples, or for that matter, the available supply.
You'd be surprised what you can find in circulation. From both vending machines and bank-wrapped rolls, I've found two Chester A. Arthur dollars (the first dollars of the series minted for collectors rather than circulation) and just yesterday a 2006 Sacagawea, mintage of roughly 4.9 million if I remember correctly. I am still at a loss to explain this. I understand mint/proof sets are cut open so that the coins can either be sold individually in flips or sent away for third party certification, but that still doesn't answer my question of how these ended up in circulation once cut out of those sets. Perhaps they got mixed in with someone's change and spent accidentally? Maybe some numismatist's kid wanted to go to the movies and was a dollar short? Still leaves me shaking my head. Still, the thing to take away is that you can still find these "not intended for circulation" dollars from regular sources. I've yet to find a proof, but perhaps that day will come soon.
Probably out of bags people bought from the mint. They buy them hoping to find either errors or high grades and then dump the rest at banks. There are probably more of the not for circulation dates at banks than those bought by the Federal Reserve thanks to bag buyers.
Never thought of that before, but I suspect you're right. It's the only logical explanation why these not-for-circulation dollars are turning up in my change. I was also thinking, with mintages around 3-5 million per dollar per mint, if many collectors are doing this, it may eventually be semi-difficult to find true BU examples.
I don't know much about them but I just keep them every time I see one. Just been looking for something called "Cheerios"...here's my stash.....
Yes. In December of 2011 the Secretary of the Treasury announced that the US Mint would no longer make Presidential Dollars for circulation purposes. The only coins produced now are either from pre-wrapped treasury rolls (by the box), US Mint Wrapped collector rolls, or US Mint and US Proof Sets. As for finding them in circulation? Anythung is possible in that, in my case, is I need a coin out of a US Mint set, I'll probably end up just spending the coins I don't need as without a Store Front, these are just too expensive to store and too expensive to sell. Mintages? IF, and that's a BIG IF, the US Government finally wises up and eliminates the paper dollar, I expect that dollar coin interest would begin to rise. This would include all the various dollar coins that are currently available. As such, the low mintages for 2012-2014 would become instantly valuable. At least from the standpoint of what folks consider for value on a Presidential Dollar. All of this is simply my opinion.
