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Stop Collecting Presidential Dollar Coins
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<p>[QUOTE="Numismania, post: 1190749, member: 28971"]They absolutely don't have to be worth more than face. With the mintages in the billions, the ONLY examples are going to be the graded examples, and I mean absolutely highest graded examples. Hammer prices on TT for top pops were, maybe 2 years ago, in the couple hundred dollar range. Check out the realized prices now......$3, $6, $9...it's awful. Unless you have a guaranteed pop 1/0 coin, it's not even worth the shipping fees, let alone the grading fees. I had a set, early on, all FDI. I remember paying well over $200 for a 2 coin set of P pos A&B (can't remember the Prez), that had 3 better. That same set of 2 now would be worth under $30. I bailed out when the hill got icy, and only lost half my butt on them, but there are alot that are buried deep in them, and there will be NO recouping losses on these. Best thing to do is buy a Dansco, fill it, and consider it a piggy bank in the shape of a book (same with you roll/bag buyers....just consider it a 'savings' tool). SHQ and Prez $$'s...unless you have MS69's from PCGS (NGC's don't even get to enjoy a great premium), all you have is 'savings'. Like it or not, that's all they ever will be. </p><p> </p><p>I'm a firm believer of 'collect what you like', but collecting Prez $$'s is NOT what you'd collect as an 'investment' (coins in general shouldn't be, but alot do appreciate....the Prez $$'s WILL NOT).[/QUOTE]</p><p><br /></p>
[QUOTE="Numismania, post: 1190749, member: 28971"]They absolutely don't have to be worth more than face. With the mintages in the billions, the ONLY examples are going to be the graded examples, and I mean absolutely highest graded examples. Hammer prices on TT for top pops were, maybe 2 years ago, in the couple hundred dollar range. Check out the realized prices now......$3, $6, $9...it's awful. Unless you have a guaranteed pop 1/0 coin, it's not even worth the shipping fees, let alone the grading fees. I had a set, early on, all FDI. I remember paying well over $200 for a 2 coin set of P pos A&B (can't remember the Prez), that had 3 better. That same set of 2 now would be worth under $30. I bailed out when the hill got icy, and only lost half my butt on them, but there are alot that are buried deep in them, and there will be NO recouping losses on these. Best thing to do is buy a Dansco, fill it, and consider it a piggy bank in the shape of a book (same with you roll/bag buyers....just consider it a 'savings' tool). SHQ and Prez $$'s...unless you have MS69's from PCGS (NGC's don't even get to enjoy a great premium), all you have is 'savings'. Like it or not, that's all they ever will be. I'm a firm believer of 'collect what you like', but collecting Prez $$'s is NOT what you'd collect as an 'investment' (coins in general shouldn't be, but alot do appreciate....the Prez $$'s WILL NOT).[/QUOTE]
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Stop Collecting Presidential Dollar Coins
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