Sac dollar vs: prez dollar

i think sac dollar from 2007 and after performance or price wise will be better than prez dollar. it can be noticed from the dealer's unc roll price. $42.00 for sac and $38.00 for prez dollar. people so much attention to the prez dollar and forgot the sac.

 

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300 million Sac's this year = to many for me LOL

Here is a real Pres Dollar

 

sac dollar

it is 400,000,000 or more sac dollar this year. but at the end. few people gonna have unc sac dollar roll. they tend to hoard prez series instead.

 

OK, this is where those that really understand this stuff may look at these comments/questions and say this guy still has much to learn. That's OK, I'm guilty and have not been conditioned to deny fault like many others (especially politicians of any party affiliation).

Doug was nice enough the other day to clarify a statement I threw out there about how money gets distributed and the demand by the public really affects how much is made and then sent to banks.

The government has written into law that 1/3 of the dollar coins made shall be the Sac's. How many of those will make it into distribution.

• Does the government/us mint publish distribution numbers?
• When they are not distributed, how long does the mint hold onto the coins?
• Is it a case by case decision or is there laws/rules that control these activities?
• If they are destroyed at some point prior to ever getting circulated, is that published?
• Does the fed distribute coins minted in one year in the following years if there is supply and demand for a specific denomination? If yes, how do they decide between current dates and older dates?

I have seen comments about coins being destroyed but not so much with coins made in my lifetime.

This is where I really get onto shaky ground so please be sure to help with my lack of knowledge.

My point is there may be 300 million made but the distribution numbers may be very small compared to the presidents this year. If they later destroy a large quantity of them, then this year may become a key year for that coin.?. The assumption I am making is that they would be collectible to begin with.

 

Don't know the answers to any of your questions. I do know I was reading that there are already millions (or was it billions?) of dollars worth of Sac's from previous years just sitting in vaults at the mint. Don't know what it takes before they'd decide to melt them down.

 

You get uncirculated rolls of 2007 Sacagaweas for less than $42 from www.usmint.gov ! While they still have some to sell, they're only $35.95 + shipping... could get from any bank at face value theoretically, if you can find a bank that bothers to order any, which might be pretty hard to do.

Due to the legislation there will probably be at least 600 million Sacagaweas minted this year (estimate based on making about 300 million each of the 4 different president dollars, and at least 1/3 of all dollar coins minted in a given year must be Sacagaweas), making it the second most common. Wouldn't count on them going way up in value anytime soon... however might not hurt to store a roll or two away. In another generation suspect these might get rare in high condition, if few people bother to save them.

 

I guess I will still put some of them away I know the dollar coin machines on the high speed line going to Philadelphia will have them and the Postal vending machines which are taken right from the rolls.
The only one in storage now is the 2000 and 2001 all the other years were made for collectors only.

 

Don't count on the Postal vending machines too much longer. I read an article (I don't recall where) that the post offices will be removing those machines and not replacing them.

 

Just like the Bicentennial Quarters and halves, the sac dollars, Susan B dollars I predict that soon enough the president dollars will also fail. Numerouos people will be saying why am I saving these things, no one wants them. I just can't picture anyone carrying 30 or 40 of those around with them. People are now concentrating on using plastic rather than even paper currency so why would they want a pile of coins the same size as a quarter. Already had to make them Goldish so people would stop spending them as a quarter. There will be a new rash of booklets, folders, albums, etc to hold the new dollars that will not see circulation and the government will broadcast what a success they are because they last so much longer than a paper bill. Of course they do, no one uses them. I went to one of the banks I use and asked for one of those president dollars and they wanted to know if I'd rather have a few thousand. NO, only one please. No one is rushing to my bank for them. I used my only one for tip at a restaurant. The waitress gave me a dirty look. I said it is a dollar. Yeah, right as she walked away. I best no go there again.
I'm now waiting for some quarters to turn up with a Copper coating to look like a dollar. Obviouly I'm not a fan of the new baby dollar coins.

 

Pretty sure that will be decided on a case by case basis for each individual post office, based on the demand for them. A lot of people hate standing in line just for stamps; lines are already long enough!

 

Post office to remove all stamp vending machines by 2010.

 

prez dollar

are they start to remove the paper dollar while producing the dollar coin? if not, then, i guess only few people would like to use the dollar coin. it is heavy. like the kennedy 1/2 dollar.

 

Thanks, I feel bad for the folks at the mint with the current rules/laws in place. You are right in that I don't think it will be long before the laws change to reduce the number of Sac's/dollars made. It's a fine mess the government created by requiring a minimum number of Sac's. A FIFO system makes sense only if they can control production levels. What a waste of tax payer money this years production of the dollar will be.

BTW: I really appreciate the answer! Thanks again :thumb: .

 

Yes they will remove them but the Postal Service is always changing there minds with each new Postmaster General. The new thing is the credit card stamp machines at the larger PO’s they are called auto postal centers.


The agency is increasing its use of automated postal centers which print postage on demand and also can sell some stamps


So really the PO is only getting rid of the coin machines

 

I find it very interesting that your experience is so different from mine.

I've now used about a dozen DeadPrezes.

The first two were in conjunction with bills for a $32 parking lot fee (hey, Los Angeles parking is expensive ). The clerk put one in the drawer, and set the other one aside, all with no comment.

Others were used for part payment of store purchases. No reaction from any of the cashiers except the one who asked "Is this one of the new ones?"

I still don't particularly like them, and fully expect them to fail at replacing the dollar bill in every day use, but I just haven't seen any bad reactions about them, or for that matter about the hundreds of SBAs and Sacs I have spent since 1979.

 

So far my using them has been positive most people accept them without that look you get when you give them a Sac or SBA. Probably because of all the hype they are getting.
Just used 5 of them at the Dollar tree store (no pun intended) clerk did not even look twice.

 

There are change machines at the Minneapolis/St. Paul airport that dispense dollar coins for use in the adjacent snack and drink vending machines.

My last two outbound trips from there, I changed a $5 to get the coins I needed for a bottle of water (note: cheaper than at any retail kiosk in the airport). First time, I got five Sacs of which two looked brand new, both 2000's. Second time, I got four worn looking Sacs and an SBA.

Both times, I used 2 of the 5 coins right away. First time, I kept the other three. Second time, I used the other three at a food stand right across from the vending machines and the clerk looked at me as if I had just handed over a three dollar bill. Come to think of it, I think the three dollar bill would have been more readily accepted...

[broken record]
The entire dollar coin for circulation discussion is a non-starter until dollar bills are withdrawn from circulation. I don't care what's put on it... and I don't want to suggest anything, lest the Mint or Congress get any ideas.
[/broken record]

 

We also have change machine at the High Speed Line (train) which go's to Philly from NJ. Put in $5,10 or 20 and get all dollar coins back. Sometime I just pull up to the one of stations and put in a $20 bill,it makes me feel like I'm playing the slots. You never know what your going to get :rolling:

 

sac dallar better

by looking again and again from these two coins. sac dollar seems to be better than the prez collar. except the edge lettering. prez dollar an edge. hope the mint will change the mint mark and year around its rim and place it on its obverse instead. in gold we trust and others is o.k. around its rim.