So here goes a boring thread, but I'm curious... I was reading in my latest edition of Coin World and I was surprised at the low mintage of Sacs only 7.56 Million from Denver and Philly combined so far...Supposedly the Federal Reserve Officials testified before congress... Maybe they will convince them that the surplus of Sacs on hand is sufficient. I was kinda surprised and I'm curious what the final mintage will be...Hmmm... I just thought it was interesting and I'm kinda interested in getting some to stow away a few high grade examples just incase the mintage stays low... Granted, they will not not see a great value even in high grades as 7.56 million is still a huge amount of coins especially since most of these won't ever see circulation.... As I understood it they were required to produce a certain amount (was it 1/3 Sacs - Prez ratio?) What would it take for the mint to get its way and reduce the amount produced? Anybody else hear anything about this or have new info?
I think you answered part of your own question when you mentioned that these really don't even make it into circulation in the first place. High grade examples abound. Your best bet in getting a high dollar Sacagawea is in proof sets and that's only if the proof set itself becomes hot like in 2001. Problem there is you have to break up a proof set to obtain one by itself. The U.S. Mint Dollar program in general is a waste of time IMHO. They get "hot" because tons of people that would never buy a coin get them because they will someday be worth a ton. Yeah, just like Bicentennial coins. I just don't feel that the "long term" interest is there in a series like the Sac. Again, just my opinion.
It wasn't so much the proof set that became hot in 2001, as the Sacky itself. Break the set up, and everything other than the Sacky is regular value for modern proof coins. And there's really no reason for the Sacky to be valuable. But it is.
Wow you are A REALLY SMART GUY! ) At least with the 79-S Susie Bs you had a reason for bigger value on the type II. Who knows? I'm keeping my 4 sets of 2001 Silver proofs intact. As people break them up for the Sacs the sets will retain value (I hope!)
As my user name implies, these aer but of course fool's gold. To me I am like a rat with cheese for "fools gold".... I have Sackies from the US Mnt for every year in rolls and proof/unc sets. I figure that one day they will melt them all down to make the new one's with the Indian theme on the reverse....then there may be a better demand. As for now, the goal is to try to keep them from forming the toning spots they are so famous for.
In my opinion, those would be very nice to see in person. Perhaps anyone whom admire's the Texas commem would no doubt have a similar viewpoint? Chow....
I hate those baby dollars. They get mixed up with quarters, most machines don't take them, waitresses in restaurants give you a dirty look if you leave one for a tip, commuter train conductors have no place for them in a coin carrier, store check out look at you as if you just handed them a $3 bill with Clinton on it. Banks can't get rid of them around here. And I just can't see myself ever carrying 20 or 30 or them. I go to flea markets a lot and need something like cash and no one wants them there either. I've always wondered what would happen if you tried to hand one to a bum.
The bill in congress to change the reverse of the Sackie contains a provision to reduce the production mandate to 20% of the total dollar coin mintage. Its still a ton a of coins and probably too late for 2007. The 2007 mintage already far exceeds the mintages of sackie dollars from 2002 to 2006. These are the coins that are going up in price.
