Congress Keeps Sacagewa Coins Rolling for Collectors

[jeff of pa]

Coin collectors can rest easy. President Bush on Friday signed into law a bill that will continue the minting of $1 Sacagawea coins in 2008, but only for numismatic purposes. No more will be produced for general circulation until next year.

The legislation whizzed through Congress this week, as lawmakers scrambled to correct an error in a law enacted last year that calls starting in January 2009 that will feature a regularly changing reverse celebrating different Native American themes.for circulating new Sacagawea coins

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http://www.cqpolitics.com/wmspage.cfm?parm1=5&docID=cqmidday-000002679533

 

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[GPURS]

Brilliant!

 

[jeff of pa]

yes considering at the moment it costs $0.0682152 worth of metal
to make them, And they will probaby charge $50.00 for a Mint set,
Which alot of Unfortunates will Buy thinking they are going to Be valuable one day,
It actually is.

Of course considering what they are made of,
they will rot away from the air long before their value
can increase

 

[oldplacesnofinds]

yes considering at the moment it costs $0.0682152 worth of metal
to make them, And they will probaby charge $50.00 for a Mint set,
Which alot of Unfortunates will Buy thinking they are going to Be valuable one day,
It actually is.

Of course considering what they are made of,
they will rot away from the air long before their value
can increase

Yes. You have to wonder where all the other ones are. Maybe with the drought we are in for cash, people will start spending these worthless coins.

 

[bradyboy]

Yikes
and to think I bought several rolls about 5 yrs ago
guess it was a bad move?
Bradydawg

 

[jeff of pa]

Yikes
and to think I bought several rolls about 5 yrs ago
guess it was a bad move?
Bradydawg

Unless you can Seal them from the Air for a Loooong time
Making them one or the Few sets in mint Shiny Condition
in say about 2100, 2200 I realy don't see an Increase in price
considering the Mintage put out. and the fact everyone & Their Brother
except for me
Probably has some stuck away.

 

[bradyboy]

can you explain the air exposure issue?
these are sealed in paper wrappers in a high end safe.
what can happen to these coins
Im not clear on this
what is the metal compisition of the coins?
Brady

 

[jeff of pa]

http://www.coinflation.com/coins/2000-2007-Sacagawea-Golden-Dollar-Value.html

Any Air, will cause Tarnish over the years.

Even Graded ones get air in.

That's why they Don't Guarantee Copper coins that are Graded to stay at the same
Grading level forever.

 

[bradyboy]

Thanks jeff
who knew?
Guess I should have known, It was just an add on to purchases with the US mint when buying american eagle rolls (when they offered them to the public)
Thanks
Brady

 

[jeff of pa]

I may have Exagerated on them Rotting away, But the air will get in & Tarnish the Edges.
The centers will stay Shiny like when you pull a Stack of
coins out the Ground.

They may rot some like the Cents today do though.

If they are Hermetically
sealed plastic Rolls maybe not

 

[bradyboy]

Thanks Jeff
I understand even plastic can breath not to mention the chemical componds in plastic can be harmful
Brady

 

[jeff of pa]

Don't know how long but here is an Idea of Ground Damage

 

[bradyboy]

Geez ...........
point taken

 

[Charlie P. (NY)]

When the new $1 coins (post the Susan B. Anthony coin embarassment) first came out my older brother started a campaign of putting them in circulation. He got $20 worth every time he cashed his check and used them as tips and such. As far as I know he's still at it. I started doing it too. Sometimes there are none available, but right now I have 3 $1 coins in my pocket and give them out as tips or whatever. You get some funny and dirty looks from receipients.

 

[jeff of pa]

right now I have 3 $1 coins in my pocket and give them out as tips or whatever. You get some funny and dirty looks from receipients.

My guess some look at that & Have no idea what they are.

Probably think you tipped them with a Car wash or Bus Token :P

 

[Charlie P. (NY)]

Especially after they've been in my pocket a month. Olive drab "gold" coins.

Disgraceful.

Here's one I found in the dirt last year.

A "Blackagewia" dollar. Pitiful for a coin only a few years old.

Would Teddy Roosevelt have let our nation produce coins like this?