Presidential dollar, only face value?

Discussion in 'What's it Worth' started by Coinpunisher, Apr 5, 2019.

  1. Coinpunisher

    Coinpunisher New Member

    I'm sure I'm not the only person to fall for the commercial or advertisement saying these will be valuable someday. But I now have about 50 of these coins and want to know what I can sell them for. They say Presidential dollar. Uncirculated. With different Presidents faces on them.
     

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  3. -jeffB

    -jeffB Greshams LEO Supporter

    About a dollar apiece, I'm afraid. :(

    Welcome to CoinTalk!
     
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  4. spirityoda

    spirityoda Coin Junky Supporter

    maybe 20 years from now
     
  5. Coinpunisher

    Coinpunisher New Member

    That's what I was guessing. I just want to get rid of them.
     
  6. johnmilton

    johnmilton Well-Known Member

    My local club was given a group of these coins that were in Littleton Coin Company packages. The coins were hand selected and very high quality. I tried to sell them in the club auction to raise some money, but I couldn’t even get people to bid them up to their face value! I had some given out as door prizes, which were not popular. A few members bought a few sets (Washington through Grant) of them at face value for their kids or grand kids. In conclusion, collectors almost seem hostile toward these coins, even when they are in high grade.

    I have had similar reactions the presidential coin Proof Sets. You can barely get face value for them in the mint sealed package.
     
  7. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    That’s too bad really. I built two sets in Dansco’s for my grandkids. They include the proofs but better yet the Dansco’s include a history of each depicted President. Figure I’ll hand them over once the kids get middle school age. I hope they don’t get disassembled for bubble gum or something!!
     
  8. -jeffB

    -jeffB Greshams LEO Supporter

    You can spend them at face value, and that's probably the best thing to do.

    I'd love to see dollar coins (and even five-dollar coins) replace paper bills in circulation, but we're nowhere close to that. Cashiers generally don't like to get them, but they work fine in self-checkout kiosks and vending machines.
     
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  9. Collecting Nut

    Collecting Nut Borderline Hoarder

    If you want to get rid of them you could take them to your local coin shop, sell at a flea market, try selling or trading them to a dealer at a coin show or just spend them. Sell them for paper money at your bank.
     
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  10. Mountain Man

    Mountain Man Well-Known Member

    Put them on eBay. People there will buy almost anything and overpay for it.
     
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  11. -jeffB

    -jeffB Greshams LEO Supporter

    Eventually. But you also have to be confident that they'll overpay by more than your 10% final value fee, PayPal fee, shipping fee, and any listing fee you have to pay -- and hope they don't decide to do a return.
     
  12. Mountain Man

    Mountain Man Well-Known Member

    True that.
     
  13. littlehugger

    littlehugger Active Member

    Take them to the bank and trade them for Lincoln cents.
    Go thru the cents and take out wheats, rare dates and copper.
    Keep doing this until you have used up all $50.
    Keep the cents a few years until they stop making them.
    Sell the $50 bag for $200.
    I have an old canvas bank bag of $50 in wheaties that I bought for $75 delivered and when I checked on Ebay they are going for $220.
    Copper cents have inherent and numismatic value.
     
  14. 352sdeer

    352sdeer Well-Known Member

    Collect what no one wants and the value will usually rise just look at the SBA dollars. No one wanted those dogs but the value has risen quite nicely. It might take awhile but collecting coins means they sit for years on end anyways so I’d put them away and in 10 or 15 see what you get.
    Reed and Sparkles the Unicorn
     
  15. speaking of dogs I bought a complete set of silver proof state quarters 57 coins including territories in a Littleton album any ideas of their worth?? I think I gave $170 w/shipping
     
  16. littlehugger

    littlehugger Active Member

    Isnt the melt value around $3.75 each?
    Thats more than you paid.
    Of course, no one gives you melt value. They bid pennies on the dollar, hoping to pay off the mortgage in 3 sales.
     
  17. Mike Thorne

    Mike Thorne Well-Known Member

    I get a haircut once a month. As a tip, I give my "barber" a $2 bill and a dollar coin, sometimes an Ike dollar, sometimes a "gold" dollar. She seems delighted to get them. My advice: Give them as tips.
     
  18. littlehugger

    littlehugger Active Member

    I always give them as gifts when we visit family and friends in the Philippines.
    They are happy to get Kennedy halves, golden dollars, Ike dollars, SBA's, etc.
    I have given 40% Ike's and Kennedy halves, but their exchange centers are ignorant of their true value and they might not get true worth if they try to cash in. Given the level of ignorance even here, its not surprising.
    Large coins have a certain cachet, that people are attracted to.
    My dad used to carry a British large cent with him that was minted in his birth year. I noticed at one point that the thing had worn down to a smooth, blank planchet, and picked up another one of his birth year out of the junk bin at the local coin dealer.
    He carried that until the day he passed away.
    At the time, I picked up a couple of dozen of these large cents in a variety of dates to give out to my family.
    I am trying to think of the word, and I think talisman fits. But its almost universal. Nearly all of us would enjoy having a large coin dated our birth year.
    This is why people like large cents, half cents and silver/Ike dollars long after they stopped making them, and the continuing popularity of ASE's.
    It is probably at the heart of the hobby of numismatics. People seek a personal talisman, even when they do not ascribe anything to it except the quality of feeling neat in the hand.
    So, can anyone else think of another word here to describe this quality? I think talisman is pretty close, but I believe there is one more at least that applies.
    I think you could make a pretty good income selling coins in copper and silver in the size of half cents, large cents, halves and silver dollars. You could put any date on it, and any design, and custom manufacture them. Keep the price reasonable and people would buy them. Heck, you cant find even nice copper coins anymore, and even halves do not circulate. Whenever people get a half or a $2 bill they are amazed.
     
  19. spirityoda

    spirityoda Coin Junky Supporter

  20. Casman

    Casman Active Member

    Take the $50 bucks and buy The Cherry Pickers Guide to US varieties. I picked my first within a month for $60 free ship. Sold on Ebay $3,549.00. Found another $29.99 free ship. Sold on Ebay $3,500. Another pick $5 free shipping. Sold on Ebay $4,500. A great use for that $.
     
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