$1 Washington rolls

[Diggincoinz]

Anyone searching thru these with all the "errors" being found? I got 16 of the "upside down lettering" from one roll, haven't opened the other roll (yet).

Are these worth hanging onto? Not that I'm spending them of course.

 

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[sparkymaster]

I opened 4 rolls yesterday and got at least 15 out of 25 upside down ones per roll.

My opinion:

I think it goes either way at the mint.

There's to many of them to be considered rare, I don't think they'll ever be worth anything other than face value.

I'm still trying for a blank edged one though. I cashed in the ones I had today and I'll be getting more tomorrow.

HH all!

Sparkymaster.

 

[bigtime400]

The upside down lettering is a scam. They can be either way it doesn't matter. If you seperate them they should be about 50/50.

 

[Diggincoinz]

It just doesn't seem like they'd have them either way, it's not uniformed like a coin should be. Too much variance.

 

[Joliet Jake]

The lettering is random heads or tails readable. This is so the collectors of these "valuable" tokens, er, I mean coins, will need to collect twice as many. To have a complete set of President tokens, you will need at least 4 of each (twice the Seigniorage, twice the fun?):
a type 1 "D" mint (heads readable)
a type 2 "D" mint (tails readable)
a type 1 "P" mint (heads readable)
a type 2 "P" mint (tails readable)

So $4 times 40 or so presidents (by the end of the run) = $160 put away in the box, never to be spent. The mint knows full well these ugly butt tokens are DOA, no one will really spend them, so they are gearing up for maximum seigniorage. Seigniorage has earned the US Mint 5 BILLION dollars on the state quarters, and of course president dollars will earn them about 4 times as much.

http://en.wikipedia.org/wiki/Seigniorage

Be sure to get a "special" set that is silver/gold/platinum plated from the shopping networks!

The hardcore collector will also need the expensive "no motto/date/mintmark plain rim" version as well. Or else just get out the old sanding wheel.

 

[blurr]

The lettering is random heads or tails readable. This is so the collectors of these "valuable" tokens, er, I mean coins, will need to collect twice as many. To have a complete set of President tokens, you will need at least 4 of each (twice the Seigniorage, twice the fun?):
a type 1 "D" mint (heads readable)
a type 2 "D" mint (tails readable)
a type 1 "P" mint (heads readable)
a type 2 "P" mint (tails readable)

So $4 times 40 or so presidents (by the end of the run) = $160 put away in the box, never to be spent. The mint knows full well these ugly butt tokens are DOA, no one will really spend them, so they are gearing up for maximum seigniorage. Seigniorage has earned the US Mint 5 BILLION dollars on the state quarters, and of course president dollars will earn them about 4 times as much.

http://en.wikipedia.org/wiki/Seigniorage

Be sure to get a "special" set that is silver/gold/platinum plated from the shopping networks!

The hardcore collector will also need the expensive "no motto/date/mintmark plain rim" version as well. Or else just get out the old sanding wheel.

Is that sarcasm I sense? By the way, I bought a roll, what the hell.

John

 

[Coinkid]

Yes, the upside-down lettering thing is a scam. The lettering can be oriented in any way according to the mint. However, unless you were in Jacksonville, Tallahassee, or Chicago last week, you probably won't find any no edge-lettering dollars.I personally found a total of about 250.....but there just aren't any more left. Anywhere.

-Paul

 

[Joliet Jake]

Yeah, sarcasm.
I wish the mint could create some beautiful coins that would really be used like the $20 double eagles coin. There was a time long ago that they could be bought and used for $20.
Why doesn't the mint produce a new $20 or $10 or $5 coin. You could throw a $20 coin on a bar and buy a few drinks. Who would want to have to dig out a pocketfull of the $1 "Chucky Cheese" coins to buy a round?

It really isn't the Mints fault, as they must implement every coinage law passed by the idiots in congress.

Sigh...., and yes, I have bought some rolls of Washingtons too.....
(But I am REALLY looking forward to the Millard Fillmores!)

 

[6920]

I read somewhere the lettering is done that way at ramdom by the mint. I think I remember reading the edge lettering was done first and then the blanks were stuck with the heads and tails. So I guess you could get them either way and the lettering around is not always in the same spot either, if that makes sense.

 

[silverfinder]

I bought a couple of these plug-ugly dollars from a bank the other day. They look like the chocolate filled foil-wrapped candy coins. But at least the candy coins are edible. It is disturbing to me that our own government would approve and release such miserable coin designs. It's a symbol, I fear, of an overall loss of national pride. Years ago, such designs would never have received serious consideration for coinage, let alone approval. How sad, indeed.

 

[bongo1962]

When all is said and done one type will be considered rarer than the other, save some of each and ride it out. Bongo

 

[MalteseFalcon]

I bought a single roll. Just for kicks I am going to buy a brand new roll of every president, and toss them in the safe, until I have an entire set.

Just for saving some coin (literally lol).

 

[blurr]

Yeah, sarcasm.
I wish the mint could create some beautiful coins that would really be used like the $20 double eagles coin. There was a time long ago that they could be bought and used for $20.
Why doesn't the mint produce a new $20 or $10 or $5 coin. You could throw a $20 coin on a bar and buy a few drinks. Who would want to have to dig out a pocketfull of the $1 "Chucky Cheese" coins to buy a round?

It really isn't the Mints fault, as they must implement every coinage law passed by the idiots in congress.

Sigh...., and yes, I have bought some rolls of Washingtons too.....
(But I am REALLY looking forward to the Millard Fillmores!)

Amen brother!!

John

 

[silvershark]

I'm with Joliet Jake on this one, I would really like to see a new high-level-currency coin out sometime soon. Hopefully, one that is actually nice to look at. I think a high grade $20 coin would be awesome in the next few years. maybe a remake of the walking liberty, yanno, somethink retro, but really good looking.

-SS

 

[urbss]

I went to my bank and asked if they had any of these. She said they did but were limiting two per customer. I said: "Only two rolls?" and she said: "No, only 2 coins!!"

I couldn't believe it!!

Anyway, I got my two ugly dollar coins.

 

[blurr]

I'm with Joliet Jake on this one, I would really like to see a new high-level-currency coin out sometime soon. Hopefully, one that is actually nice to look at. I think a high grade $20 coin would be awesome in the next few years. maybe a remake of the walking liberty, yanno, somethink retro, but really good looking.

-SS

Unless they would make it the size of the new dollar, it is probably cheaper to print the paper money. .057 cents to print a note. http://www.moneyfactory.gov/document.cfm/18/106
Minting coinage seems to be more expensive. Over .05 cents to mint a dollar coin. http://www.coinflation.com/
Of course the coins last much longer, but what does the government care about saving our money?

John

 

[odinthedog]

It looks like President Washington threw up in his mouth a little.

 

[fiatboy]

In the long run, it's cheaper to mint coins than to print money. Paper money simply wears out faster. CRHers regularly come across coins that are 20, 30, 50 or more years old. How many paper bills does one find in circulation that are that old? Printing new bills, destroying the old, ratty looking ones, and then replacing them by printing crisp, new ones adds up over the years. The treasury is perhaps too short-sighted to see this, however.

 

[fiatboy]

haha, they do look like those chocolate coins!!