I give them to my wife to spend, as they are just regular money. She knows that I know a lot about coins, but refuses to believe that they aren't worth more than a dollar, either that... or she thinks they aren't real money or something ? I got her 300 of them today... maybe she is outsmarting me ? :vanish:
Have her take them to a coin shop and see what they offer. Someone called about them the other day and my coworker offered 90 cents each. Hey, Coinstar charges a fee.
My wife is not very smart ( she married me, afterall ! ). But ,Seriously she isn't overly intelligent, I guess ( not certain) ...average IQ =100... she'd be like an 87, I'd be like a 120 This woman, sort of held the door when GOD was passing out brains, if you know what I mean ! I tell her go ahead and spend the mini-dollar coins, no problem, that's what they are for ! Are, you sure ? Yes, I'm sure, thus I dump a few hundred on her, to make a point ! Its OK to buy your stupid Dunkin Donuts coffee with these, get it ? explaining the Canadian system loses attention in about 10 seconds. Wifey is the typical American.... these need to be stashed away... somewhere.
Not sure what dollar coins you're referring to... presidents? Sacagawea? Susan B. Anthony? Anything older than that, and I'd have to say she'd have a point lol... I'm doing my part to get the presidents to circulate. Every time a new one comes out, I go to the Denver Mint's gift shop, get a roll worth ($25), pick out the best one for my collection, sell a few to my mother, father, and grandfather who like to save a few too, then the rest, I spend. Am amused at posters and banners the Mint has all over the place... they show a typical Christmas wreath, but decorated with Martin Van Buren dollars... trying to make a point at what a great gift they'd be! Not too sure on that (though maybe in a large enough quantity lol, they are money after all).
His point is that the coinshop has to make a profit somewhere, so they buy them at 90 cents each and then dump them in the coinstar and get paid 91.3 cents each. Actually what he was saying is that they have so little interest in buying them that Coinstar will give you a better deal than they will.
Thank you Conder101 as that pretty much is my point. Scary thing is we do sell them. Comes with working in a coin shop but we DON'T want more than we get for selling purposes. It is helpfull when people call first so we don't waste any of theirs or our time. I'll guarantee if we could buy them at 90 cents we'd buy them all day. No Coinstar for us. Give em out as change or take them across the street to the bank and gain ten cents on every one of them.
Actually it is 8% I went to it today and dumped 5832 pennies in it. After I was down sorting them of course.
Quote:"Every time a new one comes out, I go to the Denver Mint's gift shop, get a roll worth ($25), pick out the best one for my collection," Don't you mean the best TWO? You need to have both edge letter directions, don't you?
