What should I do with these?

[goldencoin]

Hello, bank said that someone turned in $1500 of the new 2009 Dollar coin. She mentioned that they bought them to hand out as a wedding gift. Do you think I should buy them and put them on ebay?

HH
-GC

 

[Jack_MIghtyheart]

It's always worth a shot to see what they're going for on eBay.

 

[Shake-N-Bake]

I dont think you will get a mark-up on them. You can still get them at face value from the mint as part of there direct ship dollar program. $25 roll is $25 plus $4.95 shipping for unlimited rolls. After Ebay fees you will lose money. I would just keep a roll for your stash for later years and that would be it.

Jason

 

[Ju8vP3t]

I could've gotten some at the bank the other day, teller said they had some rolls of 'em

 

[FingerGrime]

I dont think you will get a mark-up on them. You can still get them at face value from the mint as part of there direct ship dollar program. $25 roll is $25 plus $4.95 shipping for unlimited rolls. After Ebay fees you will lose money. I would just keep a roll for your stash for later years and that would be it.

Jason

Actually they don't even charge shipping. You get a box of 10 rolls for $250. No shipping. It's a great deal.

 

[Shake-N-Bake]

I dont think you will get a mark-up on them. You can still get them at face value from the mint as part of there direct ship dollar program. $25 roll is $25 plus $4.95 shipping for unlimited rolls. After Ebay fees you will lose money. I would just keep a roll for your stash for later years and that would be it.

Jason

Actually they don't even charge shipping. You get a box of 10 rolls for $250. No shipping. It's a great deal.

Thanks For the correction. I knew it was a great deal. But free shipping from the govt... Wow no wonder we are in debt so much!

Jason

 

[maine_Jim]

Buy them from the mint on a rewards credit card. Max it out and turn them in to a bank for instant money. Can always search some for errors or save a few rolls.

Maine_Jim

 

[Diver_Down]

Look at the rims. Some of the Native American coins have smooth edges.

 

[allen]

all the banks here have several rolls.

 

[MUD(S.W.A.T)]

I don't think you can get much for them from collectors. One thing you may want to look into are errors on the coins.

Keep @ It and HH!!

 

[GMan00001]

Open them all and then mark them down the edges with a thick black marker, cash them in, and then see when you get them back....

 

[Seagates]

Open them all and then mark them down the edges with a thick black marker, cash them in, and then see when you get them back....

I almost spit out my drink laughing

 

[XX]

Some people are funny. I hardly believe the "wedding gift" story, unless they went to a wedding and received them from a frugal guest who participates in the mint's direct ship program and wanted to pawn off the burden of cashing them in at the bank.

The fraud/fees make it not worth your time to bother with ebay unless you are already a power seller on ebay and know how to best protect yourself.

Craigslist is a possibility for those who don't know about the mint or can't afford $250 at a crack, but don't expect more than $28 or so per roll and you will meet strange people.

It's possible to find a dealer paying $26 per roll, but that only works for a few rolls and only for the first person to approach that dealer.

The funny part is that in the short term, these dollars may carry a premium despite the many millions minted because they will be buried in the Fed's many DI's and no accessible due to extremely low circulation. I wouldn't count on a single dollar being recirculated from the Fed until after the presidential dollar program ends.