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The Ford Edsel of coins?
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<p>[QUOTE="clembo, post: 761290, member: 8033"]The way I look at it we've had more than a few Edsels. </p><p>I agree the SBA, Sacagawea and Presidential dollars are high on the list.</p><p><br /></p><p>Why? because the public does not generally spend these (as intended) Yet the mintages are quite high. So you have a lot of hoards lying around.</p><p><br /></p><p>The 20 Cent piece was brought up. Sure enough it was not a popular coin but the mintages were nowhere near the mintages seen on Edsels of today. Now, other than an 1875-S these are fairly valuable coins are they not? Even the 75-S for that matter.</p><p><br /></p><p>Back then (20 Cent Piece, 2 Cent Piece, 3 Cent Pieces for example) these coins were minted because there seemed to be a real demand for coins like that.</p><p>NOW the U.S. Mint just puts out garbage for the most part to stimulate interest.</p><p><br /></p><p>We have coins with famous dead people on them. OK that's fine but isn't that just a bunch of "commemoratives" floating around? Then add the commemoratives and it gets sillier.</p><p><br /></p><p>Once upon a time we had coins with real value intended for everday commerce and these coins were, indeed, used for commerce. </p><p><br /></p><p>Now it's all hype. Buy the state quarters, territory quarters, national landmark quarters as well as a host of other coins.</p><p><br /></p><p>Hey folks. I work in a coin shop and have VERY little respect for the line of Edsels we produce. It would be really cool if we just made coins to be used as money again. Mintages would drop and we would run into "collectibles" more often.</p><p><br /></p><p>As it is our pockets are full of "Edsels" if you really think about it.</p><p><br /></p><p>By the way, what is a mint condition Edsel worth these days?[/QUOTE]</p><p><br /></p>
[QUOTE="clembo, post: 761290, member: 8033"]The way I look at it we've had more than a few Edsels. I agree the SBA, Sacagawea and Presidential dollars are high on the list. Why? because the public does not generally spend these (as intended) Yet the mintages are quite high. So you have a lot of hoards lying around. The 20 Cent piece was brought up. Sure enough it was not a popular coin but the mintages were nowhere near the mintages seen on Edsels of today. Now, other than an 1875-S these are fairly valuable coins are they not? Even the 75-S for that matter. Back then (20 Cent Piece, 2 Cent Piece, 3 Cent Pieces for example) these coins were minted because there seemed to be a real demand for coins like that. NOW the U.S. Mint just puts out garbage for the most part to stimulate interest. We have coins with famous dead people on them. OK that's fine but isn't that just a bunch of "commemoratives" floating around? Then add the commemoratives and it gets sillier. Once upon a time we had coins with real value intended for everday commerce and these coins were, indeed, used for commerce. Now it's all hype. Buy the state quarters, territory quarters, national landmark quarters as well as a host of other coins. Hey folks. I work in a coin shop and have VERY little respect for the line of Edsels we produce. It would be really cool if we just made coins to be used as money again. Mintages would drop and we would run into "collectibles" more often. As it is our pockets are full of "Edsels" if you really think about it. By the way, what is a mint condition Edsel worth these days?[/QUOTE]
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