Collecting Presidential Coins

Bob, said you are looking for a roll of Monroe?
You have "D"s out there, no? Being on the other side of the Mississippi I have found only Philli rolls, that I know of.

Do you have a Washington D roll?

I don't.

After I shovel my way out to the wood pile this afternoon I'll check to see if I have another Monroe roll still wrapped up.

I know I have several singles pulled from rolls with "Starburst" strikes in flips that are extra, fer sure.

I'm look forward to the Lincoln release but expect to start losing steam from there on unless something "Special" happens to the series and I start putting together an album.

 

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Monroe Starburst

I broke open a fresh roll and it had several of these inside.

Not a great photo but I've still got some shoveling to do.

What do ya think?

"Special"?

Keep clicking on the image and it "Blows Up"

 

I couldn't agree more with what CamaroDMD said.

The 'edge' errors, while going for decent money right now, will go the way of the 'extra leaf' and 'extra tree' varieties. Just like the 'missing edge lettering' GW, which was big $$ out of the chute, then plummeted. There will be some renewed interest with Lincoln coming out, but after that, I don't see much happening with them till FDR, Kennedy & Nixon issues. Mintages, while dropping at warp speed, are still going to be in the tens of millions. With mintage numbers like that, while ther WILL be 'key/semi-key dates' (there's 'key/semi-key dates in EVERY series, but that doesn't mean they're automatically rare, worth big money, etc), the high mintages will not allow this series to be of any big value.

Registry sets have been the only factor in some high prices being paid for high-grade material (not including the error coins). The FDI designated coins are dogs. That was the worst decision I have made in a long, long time, as a collector, and I'm bailing out on them...I'm going to get killed on the prices realized, but I'm getting out now, as I don't see these gaining any price movement even after the market gets healthier. Going to put those proceeds towards some Bust material. I'll still keep my subscription for the Presidential First Day Coin Covers (I get 2 of each issue), just to put a Dansco together with one set of covers, and maybe the Covers themselves will draw attention (but this would be another case of 'mint packaging premium'), so I'll keep a full set of sealed, white mint packaged covers.....but I am NOT expecting these to be winners...short term, medium term, or long term.

Finally, for those who think coins are an 'investment', you should re-think your priorities (unless you can afford the 1913 Liberty Head nickel or 1804 Dollar). If your coins increase in value, more power to you. If you are looking for an investment, you should put your money somewhere else. Your collection is just that, a collection, not a portfolio (again, unless you can afford the ultra rarieties...which will always command good money....but even the owners of THOSE coins have sometimes sold at a loss).

 

I understand what your're saying. But it is not impossible to make some money on some of these coins. For example, the Lincoln silver dollars, Chronicle sets and even the Mint proof sets sell above issue price. I even bought the 2009 Platinum Proof eagle and made a nice couple hundred dollars on the sale.

Now I am not implying that this is a goldmine but I would hazzard to guess that in 2016, there will be more than a handful of people who will have missed out on the entire series. To take it a step further, I would submit that a percentage of those folks will be interested in purchasing the entire set for themselves, their kids or to hand down to their grandkids.

I just saw the Coin Vault the other day at 12 midnight claiming that the government was running out of Presidential dollars. Meanwhile, the truth is there are huge stockpiles of the coins in bank vaults enough to last 10 years. So is there a market for this sort of thing --- by collecting these coins I am betting there will be an opportunity. Could I be 100% wrong? certainly.

 

I agree with what you said about collecting. I collect this series because I think it is fun. It is also a good way to learn/relearn the presidents of our country. I do flip coins on ebay, because it gives me an opportunity to buy MORE coins by making a profit. I am collecting a roll of each president and if the entire set brings in a profit, VERY COOL. But, I don't think it will be a significant profit as there are just way too many of these and most kept in BU condition because they don't circulate.

 

They are fun to collect. No question about it for me.
I wholeheartedly agree that there are too many 'of some of them' but how many will have gone through the trouble of collecting each and every one to make a 'set', I feel there will be very few.
If you look at what collectors are charging for a completed 50 US State quarter set for example --- it is outrageous. I believe I saw one selling for $199. And we're talking about quarters here -- $12.50 to be exact

 

I decided to collect three sets of presidential coins P, D, and proofs. I did it the lazy way though. I buy 10 mint sets every year and 10 presidential $1 coin proof sets. I only intend to keep three sets but I'll put together the 7 other sets and sell them on ebay to more than pay for the cost of buying the original 10 coin sets. I also get to sell off the extra mint set coins. In this way I keep the best coins and have no problem getting P's, D's, and the S's of course. When the program ends in 2016 or so, I will assemble all 10 sets and have everything I need. I guess that I really am lazy and cheap.

Presidential Dollar Coin Release Schedule​

Year President Years Served Release Date
2007 1 George Washington 1789-1797 February 15
2 John Adams 1797-1801 May 17
3 Thomas Jefferson 1801-1809 August 16
4 James Madison 1809-1817 November 15

2008 5 James Monroe 1817-1825 February 14
6 John Quincy Adams 1825-1829 May 15
7 Andrew Jackson 1829-1837 August 14
8 Martin Van Buren 1837-1841 November 13

2009 9 William Henry Harrison 1841 February 19
10 John Tyler 1841-1845 May 21
11 James K. Polk 1845-1849 August 20
12 Zachary Taylor 1849-1850 November 19

2010 13 Millard Fillmore 1850-1853
14 Franklin Pierce 1853-1857
15 James Buchanan 1857-1861
16 Abraham Lincoln 1861-1865

2011 17 Andrew Johnson 1865-1869
18 Ulysses S. Grant 1869-1877
19 Rutherford B. Hayes 1877-1881
20 James A. Garfield 1881

2012 21 Chester A. Arthur 1881-1885
22 Grover Cleveland 1885-1889
23 Benjamin Harrison 1889-1893
24 Grover Cleveland 1893-1897

2013 25 William McKinley 1897-1901
26 Theodore Roosevelt 1901-1909
27 William Howard Taft 1909-1913
28 Woodrow Wilson 1913-1921

2014 29 Warren Harding 1921-1923
30 Calvin Coolidge 1923-1929
31 Herbert Hoover 1929-1933
32 Franklin D. Roosevelt 1933-1945

2015 33 Harry S. Truman 1945-1953
34 Dwight D. Eisenhower 1953-1961
35 John F. Kennedy 1961-1963
36 Lyndon B. Johnson 1963-1969

2016 37 Richard M. Nixon 1969-1974
38 Gerald Ford 1974-1977

 

That is a smart way to collect.

I am also buying a few of the Presidential Proof sets, hoping to be able to sell them off in 2016 as complete Presidential Proof Sets.

 

My only complaint is that the Mint is releasing only 4 of these coins a year. It really drags out this program an unnecessarily long time. Why can they release 5 a year like the Statehood Quarters Program?

 

Couldn't agree with you more.

Although, I am realizing that perhaps I have been too aggressive in how many rolls I have been buying.

Apparently I have most of the 2007-2008 P but less than half of the D's that I need.
Hopefully some of my new trading partners (that I found here) will help make a dent with that.

 

M~1305

ThanX for the list.
I just get what I find at face from the bank, bust open the rolls, and spend or place in flips the ones I find above average hoping someday to swap with others for likekind.

It's part of the fun for me.:goofer:

Guess it's my idea of learning how to Grade and when times demand I spend the ugly ones........unless they are REALLY ugly:bigeyes:.

 

I'm happy

Just got 8 Zachary Taylor (Denver mint) dollars at the credit union. That was all they had left.

 

Hold on there a second . . . you two are actually talking about two different things.

NotSure is talking about the long run, as an investment, etc. Compare the price of a BU 1950-D nickel from a decade or two ago (can anybody here do that?) to now.

Jwa is talking about flipping things quickly. Sometimes, because of a combination of being caught by surprise, panic, impatience, prices can go sky-high in the short run, but then settle down to a more sane price. We've seen that happen a number of times in 2009 alone.

I think it's important lesson here: making money in the short run by flipping certain items in very specific circumstances is a whole different animal than making money in the long run by assembling sets. (And that, in itself, is different than "coins in general" as an investment).

 

I find this a fun way of doing it. I do the same. Get a roll and open and store ones I like then spend the rest . I did find one blank in my Washington rolls so that was cool. I also look forward to trading rolls with the new friends I make here.

 

Ok, I'm the idiot who's bought 3 of every presidential cover series, 5 of every presidential proof set, and 3 of every presidential mint roll. Ok, I did ok with Washington and Harrison. Apparently, the most effective and least effective presidents of the bunch make a difference. Based on this trend, I guess I will buy a bunch of Lincoln's followed by his V.P., Johnson, based on this theory. It is nice to see that Jackson was a total wash out though. What a disaster to banking and currency was he.

 

Me Too

Me too Phil, I've got a bunch of NGC and PCGS slabbed MS's and proofs I'm selling.

 

My experience says the complete opposite. When items are sold individually they typically bring more money than when sold as a set.

 

Much like that junk car you sell to the junky for $50 and he turns around and makes a killin' selling the parts.....

 

I buy enough Pres Coin Covers to get the stamp with the PNC. Sometimes I need 10!
Here's the estimated pop of coin covers with the PNC (Elaine's production numbers divided by the frequency of the Plate Numbers) You can see the PNC w/o opening the cellophane so if anyone needs some covers, I probably have what you need at cost! Eventually I'll probably take them out of the cellophane to save the covers from the acid laden cardboard inserts.

2007---washington---50,000 /10 = 5,000
2007---john adams--48,490 /10 = 4,849
2007---t. jefferson---49,036 /10 = 4,906
2007---j. madison---44,466 /10 = 4,446
2008---monroe------36,138 /10 = 3,613
2008---j.q.adams---31,492 /8 = 3,936
2008---jackson------29,290 /8 = 3,661
2008---van buren---25,476 /8 = 3,184


Chances of a non-stamp collector caring? 1 in 17,912

 

Forgive my ignorance. What's PNC?