Collecting Presidential Coins

I started out collecting Presidential coins about 2 years ago. First I decided to get 5 rolls of the Philly Mint for all presidents. About a year later, I realized that my collection would be much better if I had coins from the Denver mint to go along. As you can imagine, this has become a very expensive hobby now. Getting a hold of Denver rolls at this point is much more difficult, particularly for the earlier presidents. Ebay sellers are commanding anywhere from $31-$34 per roll.

How many of you out there are collecting the Presidential coins? If you are, how many rolls are you collecting? are you collecting both mints?

 

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Presidential Dollars

jwa - I also started but then changed my mind and fell in love with MS Morgans. I have all the 2007 and 2008s, all mints, MS69s, MS70s and proofs 69 & 70, and down to MS 65s, all graded by NGC and PCGS. All are up for sale now.

 

Not collecting rolls, just singles, which are tough to find since no one uses them. Collecting them with my six year old son in order to learn the presidents. Also, speculating a little by putting away a few of the satin finish ones found only in mint sets, they look close to what a matte proof would look like and are by far the lowest mintage of the presidents. Looks like in the future, based on the lack of demand for commerce, the only rolls you'll be able to get will be from the mint at a premium, the way they sell the Kennedy's. When/if that happens, the mintage should be a lot lower than they are for those already released. Of course, if we'd do what Canada did, stop making the paper dollar, we'd all use the coins and mintages would remain and go higher.

 

Well Im collecting them. I got caught up in the State Quarter collecting frenzy when it basically started. I travelled extensively back and forth to the U.S from Canada weekly for work, so I grabbed the best examples of circulated coins, both mints, during those travels.
Travelling came to a close in 2006 so I bought UNC examples for a dollar a piece Canadian from a dealer in Toronto, to finish it off.
Once I realized that the state quarter program was drawing to a close, I wanted to continue collecting another inexpensive U.S coin, and those seemed like the next logical choice.
That got me hooked on BU Red Lincolns, which basically put my Canadian collection on a hiatus.

 

Yeah, there are a few of us 'nut' prsidentials dollars collectors out there. I be one. I started collecting "mint wrappped" rolls of P & D back in 2007. I get one of each for every president.

 

Direct ship?

You might try the "direct ship" program from the US Mint -- $250 for 10 rolls of 25 dollar coins -- postpaid. The only thing is: you can't specify P or D. But, if it turns out to not be the mint you want . . . there's no loss -- just spend it as cash.

 

Started collecting the "Raw president dollars" Then moved to the slabbed
PCGS 69 Deep Cameo,s, Iam not sure if the Chinese have gotten to these
Yet.....LOL

 

In our lifetime, they will be worth $1 a piece. When all the presidents are put together in a display board and all the coins are over 100 years old, they will bring your grandkids or great grandkids a good deal of money, they will be thanking your ghost.

 

I don't collect them myself, but give them to the kids in my family who seem to appreciate them quite a bit. I don't bother with giving one of each mint, or giving full rolls. Just one of each, in a display seems to be enough for them

 

To be honest, I don't think these coins will every be worth a good deal of money. They are just producing too many of them. There are plenty of 100 year old coins that have minimal value because of how many still exist. These coins will always been neat, but will never be valuable.

 

I have a P & D coin for each in a Lighthouse album, and I have one bank (not mint) roll for each, but I'm missing Monroe. Anyone have an extra Monroe roll to trade????

If I ever need money and need to sell some of the coin collection, the rolls of the presidents will be the first to go. I don't anticipate them ever having a significant premium for them. But, They are current and fun.

 

This is the way to go. Get a Dansco, fill it with the best examples you can find. Don't worry about the 'Position A' and 'Position B'...just get the best examples you can. I would see about putting in a blank page for the proof and satin finish coins also. You can get all this done for about the cost of just your P mint rolls by buying one U.S Mint set (has all P & D mint SF coins), one U.S. Proof set (has the proof dollars...don't need the silver set as these aren't in silver).

For the non Satin Finish, get in the First Day coin cover....$14.95 each. For the year, you would get Dansco quality coins for both mints for the cost of one and a half D mint presidential rolls (yeah, shipping ups that, but you would solve your problem, and by not having all those rolls, you'd actually be ahead of the game).

 

I would have to check what rolls my bank get of them as they come in. It differs by coin due to my location. If you want to pm me with your email we can start a trade program when they come out. And any other coins for that matter. I need to establish a network so I do not pay HUGH ebay premiums for someone going to a bank buying a roll and splitting them up to triple there profit.

 

Does anyone think that collecting all the Presidential coins and offering them all up as sets down the road will be a worthwhile investment?

 

This WAS the way to go if you want all of those extra coins. I don't really need them for that so I collect the P&D Presidential sets that the Mint produces every year, you get the satin finish coins (satin finish dollars are not exclusive to mint sets) and you get all of the issues without anything extra.

http://catalog.usmint.gov/webapp/wc...ctId=14781&langId=-1&parent_category_rn=33738

Since the rumor is that the mint will be ending the satin finish this year ..the point is now moot. I'll still get the mint issued set though. It's convenient and cost effective compared to any of the alternatives. I don't want full rolls and I want choice coins with a lower percentage of bag marks.

 

Another pretty inexpensive way to collect them is to purchase the uncirculated sets. I tried that for last year: You get all eight coins at once, for something like $15.95 . . . so that's only $2/coin for MS, and you can fill eight holes at once right at the start of the year (US Mint schedule says April 2010)

 

No, I don't think these sets will every have much value. Each coin is being minted in huge numbers and nobody is spending them...so the majority of them are being preserved in MS condition. So, I don't expect to see these coins ever really worth anything.

 

I think that maybe, just maybe for that simple reason, they could turn out to be something valuable to collect. As you say, they are not circulating well and there are some that seem to not circulate at all!
Think of how little collectibles can sometime cost when sold individually, but as part of a complete set --- the premium goes up.

 

My Bank

When I cash checks at my bank I used to always ask if they had any new UC Prez dollars.

:rolling:There is one teller that just rolls her eyes when I walk in and heads to the vault when she sees me walk in if they have any.

But I have learned to show up at slow times of the day and I think she is getting to enjoy the distraction if I time it right.

I have kept a mint roll of all but Washington. Everything I've busted open has been "P" from this bank so I assume everything is. I kinnda wish they would mark then at the mint on the wrappers.

But it is fun to come home and glove up, dig through the wrapper and pick out a few to keep in flips.

I expect to swap out some "P"s for "D"s someday to make a collection. Did break down and ever (don't tell my wife!) BUY a Washington Proof.

The rest I spend and have developed some following amongst the usual small purchase vendors I habituate who seem to starting their own collection. (Video store/newspaper/corner store)

I doubt if this is better than beating inflation, investment~wise. But it IS entertaining. I expect to give up with the Lincoln issue and just fill in the gaps. Maybe even get a folder to fill.

 

With the popularity of Lincoln, I expect that issue to be collectable, later this year....