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#61
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My Washington Dollar Experience
On Mon, 26 Feb 2007 17:16:22 -0500, "Bruce Remick"
wrote: I predict that EVERY ONE of these coins will always be a "decent condition" coin, just like our current pennies, because they will not be carried around in anyone's pocket more than one day -- if that. Of course I've been wrong before. Bruce I opened a mint roll to give out single coins as gifts, and most of them where not bad - MS63-64. When I received them in change from the Post Office stamp machine, more than 75% had been reduced to MS60-61 because of gouges inflicted by the single pass through the vending machine. These machines spit them out in the same fashion as slot machines - with force. Reclining Buddha The Original Couch Potato! |
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#62
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My Washington Dollar Experience
Reclining Buddha wrote in message ... On Mon, 26 Feb 2007 17:16:22 -0500, "Bruce Remick" wrote: I predict that EVERY ONE of these coins will always be a "decent condition" coin, just like our current pennies, because they will not be carried around in anyone's pocket more than one day -- if that. Of course I've been wrong before. Bruce I opened a mint roll to give out single coins as gifts, and most of them where not bad - MS63-64. When I received them in change from the Post Office stamp machine, more than 75% had been reduced to MS60-61 because of gouges inflicted by the single pass through the vending machine. These machines spit them out in the same fashion as slot machines - with force. Reclining Buddha I encountered my first Washington dollars today. My wife stopped inside our bank and each teller had rows of them visible in their open coin trays. She brought three of them home. My first impression was that I couldn't see the design! The coins were so shiny and reflective that I couldn't focus on the coin surface. Almost looked like they were covered with highly reflective foil. I had to tilt the coin just right before attempting to read the words "George Washington". I couldn't read the information below the portrait at all. As for the date, mint, etc. around the edge, all I could see was that there was "something" stamped there. Makes one wonder why even bother? Reminds me of ten lines of a microscopic disclaimer at the bottom of a TV ad, put there only to satisfy the letter of the law. I never had this much of a problem with any of our other coins. But I guess it must just be me, as the eyes are beginning to see only what they want to see. Oh, and I stuck the three dollar coins on top of a short stack of a Sac, a couple SBA's, and a Canadian bi-metal deuce I keep tucked in a cubby hole in my desk for reference. My bad. Bruce |
#63
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My Washington Dollar Experience
"Fred Shecter" wrote in
: Vons (the local Safeway) went through their coins in 1 to 2 days and most are ordering more. Cashiers and customers *loved* them. Do they have dispensers at the registers that give dollar coins as change? Barney |
#64
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My Washington Dollar Experience
"Jass" wrote in news:1172261473.918015.189480@
8g2000cwh.googlegroups.com: Im all for adding the $1 to the sacks. Id be shocked if after the quarter state series the new design doesnt include 25c Penny could go either way. I say the Penny should just go away! Barney |
#65
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My Washington Dollar Experience
"Barney" wrote in message ... "Fred Shecter" wrote in : Vons (the local Safeway) went through their coins in 1 to 2 days and most are ordering more. Cashiers and customers *loved* them. Do they have dispensers at the registers that give dollar coins as change? Barney ================== Not at the three Vons stores I visited. No dollar-sized tube at the checkout stand. You have to ask the manager at the service counter for what you want to buy. I was told by a cashier that they didn't have any at the service counter. I went there anyway, and waited for the supervisor (this was at night). Lo and behold, there was a roll in the drawer at the service counter. Bank tellers aren't the only ones who look you in the face and lie. I can understand the attitude- we aren't paid more for this service, so we'll do what ever shuts you up and stops you from asking. And if we can convince enough people that nobody wants these coins, they will just go away. Sad. Aram. |
#66
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My Washington Dollar Experience
No. They have dispensers, but they have not updated the cassettes to dispense dollar
coins. Possibly when the one cent coin is eliminated they will do so. -- """Remove "zorch" from address (2 places) to reply. http://www.sirius.com/ "Barney" wrote in message ... "Fred Shecter" wrote in : Vons (the local Safeway) went through their coins in 1 to 2 days and most are ordering more. Cashiers and customers *loved* them. Do they have dispensers at the registers that give dollar coins as change? Barney |
#67
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My Washington Dollar Experience
"Bruce Remick" wrote
I can't fathom the frenzy over these president dollar coins, as if they're only going to be available for a week or so before the next president comes out. People rushing from bank to bank asking for rolls, bags, boxes of these gems-- quick, before they're all gone. And all of this simply to SPEND them? It seems like non-collectors are getting caught up in the frenzy as well, perhaps thinking the coins are gold, valuable, different, something to be saved although they don't know exactly why. We've seen this all before with Ikes, SBA's and Sac's. The only thing different now is the coin design, something that the average Joe never takes into consideration when deciding what coins to spend. Patience. There will be tons of president dollars available from banks, the Mint, dealers, mouldy vaults. I doubt they will ever become part of our mainstream pocket change, but if I'm wrong that won't be a bad thing. Bruce I'm just getting into collecting, so I am now paying much closer attention to things that I can get for their actual face value. Yesterday I was looking for wheat pennies, today I'm a collector, tomorrow I will be in a frenzy. Just kidding, but I think the press about new coins draws in new collectors, or gets some people to help their kids start collecting. I know a lot of people who never collected a coin before who started collecting the new state quarters. My guess is because it had been such a long time since the quarter was changed. My question is- why aren't people interested in collecting the *old* quarter. :-) |
#68
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My Washington Dollar Experience
In article , blue
wrote: Just kidding, but I think the press about new coins draws in new collectors, or gets some people to help their kids start collecting. I know a lot of people who never collected a coin before who started collecting the new state quarters. My guess is because it had been such a long time since the quarter was changed. My question is- why aren't people interested in collecting the *old* quarter. :-) People hoard what's new, because it's unusual. Of course, they often also hoard what's old, because they think it will be rare (the reason wheat pennies mostly disappeared 3-4 decades back). Of course, by this logic, they should be hoarding the old pre-state quarters. They don't seem to, at least at any great rate. Why? I suspect that it's because the state quarters are changing all the time: 5 new designs every year, with over 40 out there in circulation. Also, despite the increased mintages of quarters starting in 1999 (about 3 billion a year instead of 1.5), most quarters I've encountered in change are still pre-state. Out of 199 I've gotten in change this year so far, 118 (59.3%) are dated 1998 or earlier. (Yes, I keep count. And, yes, I *do* need a life.) The longrunning standard design of 1932-1998 probably discourages the casual hoarding by people interested in quarters. If you hoard just 1 piece of each design, that comes to 41 state quarters (so far), but just 1 pre-state, & perhaps 1 Bicentennial, if any are still out there (I found one each from the P & D mints so far this year; 1% of the total). If anything, the fact that 1965-98 quarters are still dominating circulation after over 8 years gives us an idea of the sheer amount of casual hoarding of statehood quarters. I haven't kept tabs of mintage figures to compare with my circulation finds, but if there's any great difference between the proportions of pre-state & statehood quarters minted vs. what is in circulation today, that would help us get a notion of just how much hoarding is going on. (The Mint estimates that 140 million people "collect" statehood quarters. If these folks just collect one specimen of each design, that means 700 million quarters get sucked out of each year's mintage, perhaps something like 20% of the total.) I would venture to suggest that the people who start getting interested in the pre-state quarters & begin getting into collecting the different dates/mints of those have crossed the line from casual hoarding into more serious collecting. That's what will affect the hobby in the long term. |
#69
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My Washington Dollar Experience
"Slime Lowlife" wrote in message .biz... If anything, the fact that 1965-98 quarters are still dominating circulation after over 8 years gives us an idea of the sheer amount of casual hoarding of statehood quarters. Each state quarter was only minted for 1/5th of a year whereas every year between 65-98 was a whole year of the same design. |
#70
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My Washington Dollar Experience
On Tue, 3 Apr 2007 07:22:47 -0500, "PC" wrote:
"Slime Lowlife" wrote in message r.biz... If anything, the fact that 1965-98 quarters are still dominating circulation after over 8 years gives us an idea of the sheer amount of casual hoarding of statehood quarters. Each state quarter was only minted for 1/5th of a year whereas every year between 65-98 was a whole year of the same design. Actually, if you look at the numbers through 2006, state quarters account for nearly 45% of all the clad quarters that have been struck. When you add up the mintages, there were 36.8 billion struck 1965-1998, while since 1999 there have been about 29.6 billion (numbers courtesy of the US mint web site, and the Red Book) When take into account the loss that occurs over time, the SQ should probably be in the majority. take care, Scott Yes, I really built a spreadsheet to check the numbers... |
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