Get your President dollar coin Dansco today.

Say what you will about this Presidential Dollar series... I bet that about 90% of the people on this forum will collect them...

 

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Don't bet on that. This is a forum of coin collectors, not stamp collectors.

Ruben

 

That legislative text is a bit hard to swallow, and it will take a while to digest, but I hope it does not pass. Edge inscriptions are interesting, but that 1st lady gold coin is absurd.

I am still not clear - did this pass on its own or as part of a larger bill? If it was tacked on to another bill it might well get axed in conference committee when the House and Senate bills are reconciled.

Also, it will NOT be like the quarter program. Banks need and use quarters, and take whatever state quarters they can get. The dollars, on the other hand, are unwanted. I don't think most banks will order large sums of these. It is the worst coin bill I have seen in a long time, if not ever.

It could also spell bad news for future coin bills if this program fails. There are already too many commems, and that is part of the reason the original commem half program was halted in the 1950s.

 

Too bad the USA is idolising their presidents like demi gods, the first cracks in the erosion of the empire when countries so worship their leaders.

 

You know I think it will bring new collectors to the Coin World and I'm sure I'll have some....there are 3 Presidents that are kin to me---(not too near but near enought) and I would like their coin.

As for people here collecting them...I don't think so.
Search on here for this topic...I think you will see that it is a HOT topic when it is brought up.

Speedy

 

What sucks about this is that it kills the current dollar coin. The current dollar coin is pretty nice.

Ruben

 

I agree, Speedy. I'm not wild about a Presidential Dollar series, either.

For that matter, I'm not wild about the State Quarters, either. I think most of the designs are uninspired, the reliefs are flat and it's taking waaaaaaaaay too long to finish this series.

HOWEVER, there's no denying that the State Quarters series is EXTREMELY popular and is collected by many people on this forum. You can count me among those collectors. Although, the State Quarters don't rank among my favorite collectibles, they are different from anything that's come before and certainly a welcome change of pace. That, in itself, makes them collectible.

The Presidential Dollar series (if, indeed, it becomes law - and it appears that it will) will be similar to the State Quarters program. Everyone and his brother (including many people on this forum) will also collect them.

How many people on this forum collect the Westward Journey Nickel Series? Quite a few, I would hazard to guess; simply because they're different than what came before.

Collecting something that is "different" is one of the basic tenets of collecting. I think the Presidential Dollar series is going to be hugely popular. Perhaps it won't be popular with collectors who enjoy the "Golden Age of Coin Collecting", e.g., early twentieth-century design coins, but will still be popular nevertheless...

I think you won't like the series due to the fact that Ben Franklin won't be appearing on any of the issues. :goofer:

Isn't there a Franklin commemorative coming out in 2006? I think that will be pretty neat. He's one of my favorite Founding Fathers - what a guy! Too bad he was never a president - he would have made a good one!!

 

Pray tell which presidents? And how are you related?

 

No, the Sac dollar will still be made. At first they considered suspending the production of Sac dollars while these Pres. dollars are being made but they later decided to not stop production of the Sac dollar. So, it'll still be there.



* Transition provision- Notwithstanding subparagraph (A), the Secretary may continue to mint and issue $1 coins in 2006 which bear the design in effect before the redesign required under this subsection, as required for numismatic purposes and to ensure a smooth transition into the presidential coin program under this subsection. *

 

Wm H. Harrison and Benjamin Harrison and Abraham Lincoln....

The Harrisons are cousins to me but not too near...(I think it was the 6th over but am not 100% sure)....and Lincoln is even farther than that but it was still written down in a book around here---I haevn't looked at it for about a year and I need to....

Speedy

 

well add Andrew Jackson to your list too. Andrew Jackson was a not so distant relative to the Harrisons I have read in the past.


Actually I have been reviewing my uncles extensive work on geneology of my paternal side of the family. He has traced my paternal grandfathers mothers side of the family back to their arrival and founding of Hartford, Connecticut in 1635. Unfortunately or fortunately (far be it from me to make decisions for ancesters) they were Loyalists in the Revolution. Arrested and their land taken many turned north to Canada, those that didn't go packed up and moved west to Indiana and Illinois. My grandfathers grandfather's father was a member of the Lewis and Clark expedition.

 

mrbrklyn posted:
"Its easy. Computers, which is what all these monetary systems are to date, can do this with no real expense. The growing problem of pennys is a more expensive problem. It takes at least 25 pennies for even the smallest of value."

But it is not that easy - because all those monetary systems are not integrated into a computer information system. Most smalll business operate accounting software seperate of cash registers. Even in the intergrated systems all software will have to be up-graded or replaced. This is not done for free. Individual states will have to pass legislation addressing which parties are entitled to breakage and there exist a whole myrid of problems. Yes - getting rid of the one cent piece can be done - - but there is a more significant cost (monetarily and logistically) associated with it than the general American Public realizes.

 

Well if I keep doing that I might as well add you too....because it would come to that in the end
Thanks...I didn't know that as it wasn't written down in the book I was reading!!!

Speedy

 

The Benjamin Harrison home in downtown Indianapolis is an interesting place to visit. If your in Indy you may want to stop for an hour.

http://www.presidentbenjaminharrison.org/

I'm also thinking the Tippicanoe Battlefield in Lafayette Indiana is also an interesting spot.

http://www.tcha.mus.in.us/battlefield.htm

 

Cool
I'm in Indy about 1 time a year but never for long...just driving through it to another town....maybe I'll have to stop!

Speedy

 

I can understand why true coin collectors don't care for the proposed new coins. They won't circulate, and therefore, are they coins? Also, politics enters in. Starting with President Clinton, and continuing through Bush, extreme dislike (hatred?) for our leaders has become evident. This is sad, but isn't the place to discuss that aspect.

As a former history teacher, and a coin collector for 56 years, I hope the President signs the bill, and I look forward to the new issue.

I remember when I first started collecting, and there was really nothing other than regular circulation issues to collect. Now, even though revenue may be the primary reason behind them, there is much that is different to collect.

Bring on the Presidents. I love it! However, I must admit I don't care for the "First Lady" idea. Couldn't afford them anyway.

 

You obviously weren't around in the '30s my friend. The hatred (and by others the love) for FDR was thick enough to cut with a spoon.

I'm too young to have personal knowledge :hatch: , but my understanding of US history is that many presidents were hated (and adored) in their day - Jackson and Lincoln to name the two that immediately come to mind.

 

Well, My family can be traced directly to Moses on my mothers side and Kind David on my fathers side.

All this second rate President stuff is soooo boring............

My family was the object of some of those coins being discussed in the ancient coin section over 1000 years before those struffy Hardfordians were busy trying to burn Ann Hutchinson at the stake


That being said, I point you to http://www.brooklynonline.com/bol/history/bankoff.html

 

The real problem with this coin is that it just won't circulate. That's not too much of a problem with the Sac dollars because that's really only one coin with different dates. But when you get fifty some odd useless coins not going anywhere that's just plain messy. Sure it would be nice to think people might start using dollar coins more but the truth is that coin usage is generally declining each year. The odds of increased circulation are minimal to nil. The state quarters were sucessful because they are...quarters. Surely the mint knows this. They must be counting on folks like us to make this a profitable venture.