Presidential Dollars at Local Bank

Discussion in 'US Coins Forum' started by jlarry, Feb 15, 2007.

  1. stevethebull

    stevethebull New Member

    Littleton is already selling them @ $3.50 ea. :eek:
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. dreamer94

    dreamer94 Coin Collector

    Now, that's just plain dumb. You can get proofs for $3.75 each from the mint if you can wait a couple of months.
     
  4. Ed Goldman

    Ed Goldman coin collector

    I really just took a good look at mine. The date on the coin is on the rim. Stupid, stupid, stupid.
     
  5. satootoko

    satootoko Retired

    Remember, the elephant is a horse designed by a committee, and the Deadprez dollar specifications were designed by a 635-member committee known as the United States Congress. :rolleyes:
     
  6. samjimmy

    samjimmy New Member

    I was surprised that the local bank didn't have any, and still doesn't. I've made friends with someone there, so hopefully he'll come through some time soon. Eventually they'll have them, but... who wants to wait for eventually?
     
  7. Douglas

    Douglas Senior Member

    Two things I got out of this thread, one is fact and the other is not supported by fact. Fact; wrappers are not mint marked. Maybe fact; banks can order mixed boxes. I take this to imply that a box can be half P and half D; or a bank must order at least two boxes, specify they want a box of P and a box of D. In either scenario you have a dilemma if you want to collect unopened rolls. I live in the midwest so it's a toss-up as to which mint a particular bank receives. Opening one roll does not insure the next roll will be the same mint or a different one. Maybe the boxes are marked, I don't know? Right now I'm thinking the only way to get both mints is to order directly from the US Mint and pay the premium. Thanks, Douglas
     
  8. SCNuss

    SCNuss Senior Member

    I picked up a roll at the bank last night. Not too impressed with the design. :yawn: IMHO, they look more like tokens or play money. Were the images done by the lowest bidder?:goof: But, at least I can always spend them.
     
  9. GDJMSP

    GDJMSP Numismatist Moderator

    Corrected fact - some of the wrappers do not have the mint's markings on them.
     
  10. samjimmy

    samjimmy New Member

    I agree but that's due to the fact that many of the features of typical coins are located on the rim, instead of the obverse/reverse, thus... it seems like a token. I'm wondering if anyone is going to have a hard time spending them (stores accepting them) similar to Kennedy halves and $2 bills as discussed here previously.
     
  11. bama guy

    bama guy Coin Hoarder

    I did not think I would be able to get george at any of our local banks but a friends daughter in law called him and said they have a few rolls. He got 4 rolls for some people who wanted them and a few loose ones to play with. Later another bank told me that they would get some wednesday week. At first no one knew about them but it looks like even out in the sticks , they are showing up.

    I liked the coins looks more than I thought would . It just did not have that money feel, like a token or something out of a cracker jack box.
     
  12. Philly Dog

    Philly Dog Coin Collector

    I’m not positive but I believe your bank gets whatever mint mark( MINT) that is closest to the Fed reserve bank, then that determines what mint mark your bank gets. Philadelphia Fed right across the street from the Philly mint get all P's


    Here is the Link to Fed
    http://www.frbservices.org/Cash/comcoin/philadelphia.html
     
  13. madspec

    madspec Member


    I think the design is an excellent example of artistry and FINALLY we have lady liberty back on a coin.

    The President Dollars are for CIRCULATION not just a collector item SO YES YOU CAN AND SHOULD SPEND THEM.

    madspec
     
  14. Ron5812

    Ron5812 New Member

    told the bank

    went to my local bank today. Teller said all she had on hand was 6 in her drawer. Talked to the manager, the said the vault will be open on Monday morning (time lock). He said come in monday morning and get all you want. Talked with the teller after the manager and she siad they have alot so any order wouldn't be a problem. Now the waiting game begin. I never thought I'd say this but I wish it was Monday!!! Most likely they are Denver mints considering I'm right down the lake in IL. Have fun collecting them. I know I will.

    Ron

    Thinking about putting an order in for every release date. It helps when you've been a customer for over 30 years too.
     
  15. taurus876

    taurus876 Senior Member

    Might have to wait until Tuesday. Monday is President's day.
     
  16. Douglas

    Douglas Senior Member

    Please elaborate, as I understand wrappers directly from US Mint ($35?) have mint designated on them, but wrappers you'd get from your local bank don't. I hope the latter is is not the case because I want to collect unopened rolls and I do not wish to pay the extra ten bucks. Thanks, Douglas

    P.S.: I have a memo in to my personal banker and hope to hear back from him Tuesday.
     
  17. bama guy

    bama guy Coin Hoarder

    am I wrong but aren't the presidential coins that the banks are getting contracted out to companies that roll them.
     
  18. GDJMSP

    GDJMSP Numismatist Moderator


    It was explained in an earlier thread. The mint is packaging and shipping rolls with United States Mint printed on the wrapper, direct to the Federal Reserve. The FED then ships the same rolls directly to the banks. However, the banks also have the choice of ordering the coins in bags if they wish. And these coins in the bags can then be rolled by a private company or the banks themselves.

    So, for the first time you will be able to get mint wrapped rolls directly from your bank for face value. But only if your bank chose to order them that way.
     
  19. Vroomer2

    Vroomer2 Active Member

    "We haven't got them yet and are expecting them anyday..."

    Thanks Bank of America... for NOTHING! Grrr!
     
  20. Bogie

    Bogie Member

    Hey guys the Cion vault is doing, Washington P&D rolls for $99.96 :headbang: "but will also have all the other cions in this series at this locked in price" :rolleyes: :mouth: buy going into this program you wont have to pay more for the entire series incase you dont pay attention & miss a president they will just ship to your home :headbang: .


    What say you guys, go to my local bank (walking distance ) on tue or call up the goobers and pay 2X face ? :D
     
  21. Douglas

    Douglas Senior Member

    That's a no-brainer, buy directly from US Mint for $35 each. Is the Coin Vault the same as Mike Mezack on HSN? I only caught the tail end of his show Sunday morning, I'm sure I missed his segment on Prez dollars. He's sill peddling those funky gold plated quarters. Thanks, Douglas
     
Draft saved Draft deleted

Share This Page