Presidential Coin Program...

[WaxonWaxov]

It just occured to me that during the two years the 50 state quarters and Presidential dollars over-lap, there are going to fourteen* coins per year...interesting.

 

*Five Quarters plus Four Presidents, plus Sacagewea, Kennedy Half, Jeff Nickel, Roosevelt Dime, and Lincoln cent, equals fourteen

[physics-fan3.14]

And the mint sets are going to have 28, for each P and D mint. My mom buys me these for Christmas every year, and I feel bad for her. Wasting her money on all these presidential dollar coins that I don't want. Because you know that the mint set will include them, and they will jack the prices way up. The 50 state quarters was a cool idea, but I am starting to get tired of it ( I'm glad it's only got a couple more years) I really have no interest in these presidential dollars at all.

[jason888]

plus, there will be a third plastic case in the proof set!

[MunkyMan95]

Wow... 3 lens proof set!!! AAH!!!

[WaxonWaxov]

plus, there will be a third plastic case in the proof set!

 

yes, but only in 2007 and 2008. 50 State quarters ends then.

[astrostu]

The 50 state quarters was a cool idea, but I am starting to get tired of it ( I'm glad it's only got a couple more years)

 

I completely agree. When the program first started, I was so excited (first design change to the quarter in my lifetime, first design change to the reverse since 1976, first design change to the obverse since 1938, etc.). But now 8 years into the program, I am so sick of it. Escpecially because (and sorry to those of you who like them) I think that most of the designs royally suck. For example, was Helen Keller the best Alabama could do? Or could you get any more cliché with the Statue of Liberty on New York's? Or Maryland ... I had to look up what the "line state" meant (apparently Washington gave the compliment to the soldiers from Maryland saying that they were always in a straight line). Or Ohio (where I lived up until last year) and it ugly state outline ... and speaking of outlines, I think they should have decided either all the quarters would have the state outline, state shape, or no state. Just a few looks stupid. Now that I'm in Colorado, though, I have to say that I think our quarter that just came out is one of the better ones. Actually, most of the quarters this year I really like compared to years past, with I think 1999, 2001-3 being the worst.

--end rant--

 

That being said, Ihave an interest in the new presidential dollar program because I like learning history through coins. But my OCD-ness is going to force me to buy several examples of each, which makes me quite unhappy. I think that the Mint saw that the 50 State Quarters program increased the number of "collectors" drastically and thought that this would do the same (and get rid of the Sacacrappa dollar, but the congressman from N. Dakota (I think) put a stop to that), but I think that it's a fad, and the fad stopped being popular about 3 years ago, and the Mint hasn't picked up on that. But alas, it won't stop me from buying them.

[Beijim]

At the risk of stating the obvious, I'm beginning to feel that the United States Mint is just going crazy with this stuff. In my opinion, what we need is a smaller number of higher calibre designs, not a blizzard of pseudo-commemorative mediocrity. While I enjoy some of the state quarters, and I'm sure a few of the Presidential dollars and First Lady gold coins will be fun, the proliferation of issues is really looking more like the Mint (at the behest of Congress) simply milking what they perceive to be a ready made market.

 

Beijim

[McKinley-migration]

state quats are a pain in the [embarrassing lack of self control] and these dollars will be too... god (us gov) knows we'll just HAVE to collect them though..... so bring on the cheese, let's get this over with.

 

 

and ps... the buff gold is annoying too.. couldnt they come up with *anything* else?

 

generic [embarrassing lack of self control]... gimme a real coin

[WaxonWaxov]

At the risk of stating the obvious, I'm beginning to feel that the United States Mint is just going crazy with this stuff. In my opinion, what we need is a smaller number of higher calibre designs, not a blizzard of pseudo-commemorative mediocrity. While I enjoy some of the state quarters, and I'm sure a few of the Presidential dollars and First Lady gold coins will be fun, the proliferation of issues is really looking more like the Mint (at the behest of Congress) simply milking what they perceive to be a ready made market.

 

Beijim

 

I read yesterday that the 50 State Coin program so far has generated $4.6 Billion in seinorage for the goverment.

 

They basically figure they can do that again with the next program.

[physics-fan3.14]

and ps... the buff gold is annoying too.. couldnt they come up with *anything* else?

 

generic [embarrassing lack of self control]... gimme a real coin

 

I agree. How many times are we going to get the same coin? How many times has the Buffalo nickel been used? I understand that it is very popular and all, but really. There is more to life than bison.

[Brucec-migration]

I think that the US MINT is getting rich from us all. Now we will have yet more coins to purchase next year OOOOOOOOOOOOOOO my

 

I am also getting tired of the 50 state quarters I got way in over my head with these. Sure will be glad when it is over and hope they do not add that one year extension to the program.

[MunkyMan95]

I think that these types of coins will be worthwhile investments. Buy them in the highest grades you can afford now, and 20 years down the road you may have tripled your money!

[pendragon1998]

Don't tell hoot that.

 

I've got a question: is the presidential dollar coin going to be made from that same golden alloy as the saccyringawea?

[zrlevin]

I think it will be.

[WaxonWaxov]

Don't tell hoot that.

 

I've got a question: is the presidential dollar coin going to be made from that same golden alloy as the saccyringawea?

 

Well, a big factor in the creation of the alloy for the Sacagawea was that the coin be the same weight, size, and most importantly electro-magnetic signature as the Susan B. Anthony. This was so machines that can accept SBA dollars would need no adjustment to accept the Sacagawea. This is why those post office stamp machines will give you a mix of SBA and Sac when you get your change. As far as the machine is concerned, there's no difference.

 

I'd be shocked if the presidential dollars are not also compatible. They might try to monkey with the alloy again, since the Sacagawea tarnishes to such an ugly tone, but I doubt it.

 

Also keep in mind that in the Legislation that authorizes the presidential dollars Congress made it to where the Sacagawea dollar will continue during and after the Presidential dollar program ends*. They had to do that to appease the Aboriginal Americans**. So from 2007 through the program, there will be five dollar coins each year: one Sacagawea and four presidents.

 

* Currently the program will end in 2016. Nixon will be the last president to appear "in order." After him will come Reagan. In order for Ford and/or Carter to appear in order, they would have to die before 2014. This is of course likely since Ford would be 101 years old and Carter would be 90 by then. George the First would also be 90 by 2014 so he would likely appear in place after Reagan. Clinton and George the Second will likely still be alive. The "must be dead for two years before you can be on money" rule was created to prevent the emotional and/or hasty placement of people who have recently died on coinage. Had this rule existed in 1964, Kennedy would not have been placed on the half so quickly.

 

** Aboriginal American is technically correct. Native American, while currently considered to be the political correct, is not technically correct. Humans are native only to Central Africa. The Canadian government, for example, calls all their "native" people Aboriginal since there is a great different between the races that include the Intuits and Klingits (that can’t be spelled right) and the race we Americans have traditionally called "Indians."

[Brucec-migration]

I think that these types of coins will be worthwhile investments. Buy them in the highest grades you can afford now, and 20 years down the road you may have tripled your money!

 

 

Not sure I have 20 years left

[MunkyMan95]

Well, leave them to your children, and they'll become millionaires!

 

On a side note: I sure hope the presidential dollars aren't the same composition as the SAC's. I really don't like them.

[WaxonWaxov]

On a side note: I sure hope the presidential dollars aren't the same composition as the SAC's. I really don't like them.

 

Like I said above, I'll be surprised if they don't.

 

Honestly, I hope you get your wish. I think Sacs suck.

[zrlevin]

SACKIES RULE!!!!!!!!!

[MunkyMan95]

SACKIES RULE!!!!!!!!!

 

 

 

[RGT]

I think that these types of coins will be worthwhile investments. Buy them in the highest grades you can afford now, and 20 years down the road you may have tripled your money!

 

I think it's likely that I could invest in a money market and triple my money in 20 years. That would be just as exciting as buying coins I don't really care about. I'd rather buy coins that excite me and that I enjoy, even if I don't make any money on them. I'll save the investment for better avenues.