Could someone please explain to me: The Mint is producing 300,000,000. Washington Dollars, according to variious sources there are going to be 150,000.000 colectors. Now I would guess, like me, the average collector will buy maybe $100.00 in Washington dollars, how does the Mint expect to actually flood the public with the coins?
I would be amazed if the average person buys $100 in Washington dollars. An average of 1 roll per collector is more likely. That accounts for people like me who will not buy any rolls but will pick up the proof and mint sets.
Numbers are off! There actually aren't 150,000,000 American coin collectors That is the number the Home Shopping Network shoots around when it's selling the gold-plated state quarters. There are only 300,000,000 people in America! So every single adult and about 1/2 everyone who is under the age of 18 must be a coin collector. lol Out of all my relatives, my acquantances and my work associates, I'm the only coin collector I know - besides the "penny jar on the dresser" or "save your state quarter from pocket change" type. Even if you count non-American collectors, how many of them want American coins?
Also, keep in mind. A coin collector in the home shoping networks opinion can be anything. Also, out of 150 million collectors, I doubt all of them are going to cllect the Washington dollar. I personally am picking up a proof set, and one from each mint in nice condition. But that is just me. Phoenix
I've got 2 from each mint, but that'll be it & I don't know that I'm going to collect them. They look more like tokens to me than coins.
Most will rest in Fed Reserve banks...Collectors will buy all the proofs, but not keep many of the business strikes because of their composition and size...If, by some miracle, the dollar circulates, they'll soon lose their minrt state luster, become crummy looking and only the MS64s and up will have any collectors' value (and that will be about 25 cenrs over face value). Clinker
That's a lot of Washington dollars. I can only wonder how low the mintages are going to be for some of the later presidents, especially if the Fed already has a stockpile of dollar coins to draw upon.
I've gone through at least $100.00 worth of D-mint GW rolls, found 1 unlettered Denver-minted coin, and bought one Philadelphia dollar, to make a P-D-and unlettered set. I have saved a few of the best-looking coins, and am putting the rest into circulation, and plan to do the same with the future Presidential coins.
