Presidential Coins about finished yet?

i would have to agree with this.

 

Log in or Sign up to hide this ad.

Most of the vending machines around here already accept the prez dollars and they give them out in change if you put a $5 in them.

 

Just like they did the Kennedy half dollar right.

Cash registers don't need modification, just a change in the way they are loaded. Most registers have either four or five slots. If you have four slots you put dollar coins in the first one, then twos, fives, and tens. Think about it, how often do you get twenties back in change? People tend to get twenties at the bank and then spend them getting back tens but you really don't need twenties in the drawer, just a few under it. Many business I see put the twenties under the drawer along with the occasional fifty and hundred. tens have to still be there to make change for the twenties that get spent. The four coin slots hold the cent , five cent, dime, and quarter. If you have a five slot drawer you can leave the twenties up top or use the slot for rolls of coins. The only modification I can see that you might do in make the end of th dollor coins slot sloped to meke it easier to scoop the coins out like the rest of the coin slots are.

Vending machines aren't really a problem either. Any machine less than 27 years old can already accept dollar coins. Al you have to do is flip the toggle switch from reject (the factory default) to accept. If the slot is set too narrow to put the coin in then you have to turna screw, slide the blocking plate over, and then tighen the screw back down.

 

I doubt that will happen any time soon.

I've been working in a coin shop for just under two weeks now and we buy collections EVERY day. The owner does the buying but I sort a lot of them to make it faster for him.

Know what I see on a daily basis? BiCentennial quarters and half dollars. People hoarded them because "they would be worth something someday".
I just hand them back and tell them to spend them. If an original roll walks in it will get a slight premiium.

Been over 30 years since they were minted so why should the dollar coins be any different?

I also see my share of Ikes and "older" Susan Bs as well BTW.

clembo

 

well a person can hope for sanity cant he? I just find it ignorant too believe that they will ever hold a premium for a circulated pres. dollar. I came across a person down at my local shop the other day day that said, and i quote "I am saving them just for there melt value" there was no convincing him that they were not in fact gold plated!!! stupidity will never cease too astound me. I will just sit back and :eating: and watch them people try selling them at a premium, and i guarantee there is a bigger idiot that will buy them

good point I spend them like quarters. just like any other person on here, (besides the proofs and mints that i get in that contain them , i do save them just cause they are in there so i might as well.) but besides that if i get them in circ. they are just as any other coinage (spent)

 

Wish all you want. They will never circulate and never be collectors items either. The best you can hope for is the increase in the cost of copper and nickel to turn them into a rare metal.
Then melt the ugly suckers....

 

Nothing wrong with hoping. Just stating what I see and it's a bad flashback

Premium? No doubt. I sold ten today at $1.50 each. Took them carefully out of the tube and the guy promptly smashes it into a book with his thumb. Yours now for sure buddy!
I explained to him that this is NOT a way to handle an unc coin. Deaf ears. As I'm handing them to him he's smashing them down with his thumb.

He'll be disappointed when he tries to sell them in 30 years and is told to just spend them.
Happens on a daily basis and will continue to do so.

 

you have been misinformed my friend!! that is exactly how you should handle uncircs. that way in a few years they will develop a nice toning

 

Simply put, it all goes back to the government's committment to choose one over the other. So long as the dollar bill is still available, the dollar coin no matter what the design (good or bad) will remain nothing more than a novelty.

People hoard the statehood quarters (albeit not to the extent of the presidential dollar) but they are found in circulation all the time. Why? Becuase the Mint DIDN'T produce a standard Washington quarter along with the statehood quarters. Consumers have no choice.

 

I like using the Prez dollars as Tips!!! It amuses the employees which makes me very happy!

 

Well, if they do use the dollar and ditch the bill, lets hope they still end the presidential series. It might have been more interesting if they tried to print the faces along the rim and kept the coin faces blank. the images look like they tried that anyway.

Ruben

 

I hear you brother. My daughter is collecting the Presidential dollars as an entree into coin collecting. I'm saddened when I comprare the quality of the design and the strike of the presidential series (and most modern coins) to the older coins like the Morgans, Mercuries, Barbers and even older Lincoln Memorials. I found an AU 1968D Lincoln during a recent roll search and was amazed as how deep and beautiful the strike was compared to its modern counterparts. *heavy sigh* When stamps went from engraving to modern photogravure is when I had to leave that hobby behind. All this technology and we can't get good looking coins. :goof: :headbang:

 

That's the part that really anoys me. The can make some stunning coins. They just refuse to pick good designs. The American Eagle half is very decent. This straight portrait look is just killing me.

They all look like they are suffering from thyroxine storm or moon face.

Ruben

 

I don't see why not, Ruben. At the very least, it would eliminate those full-page weekly ads in Parade Magazine showing us all those wonderful "gold" coins we can receive "free."

 

It was supposed to encourage circulation. It's a collasal favor witht regard to that.

Ruben