![]() ![]() The people at home see that, and they immediately transfer what happened from that one coin to these coins.” Said Rinker: “The really bad thing is that they are sucking you in by talking about the best price ever for one coin. That’s how it established that you’re getting the coins for half their worth. One key issue pointed out by several coin and collectibles experts is that the Danbury Mint took the highest price paid for one coin and talked that up, as if that is the price a consumer might someday get. There’s a bonus coin, individually encased in plastic, and “a deluxe hardwood display case” purportedly valued at $75 and with a “hand-rubbed mahogany finish.” I can’t say for sure that it’s a cheap box with a mahogany veneer rubbed for luck by the people hoping to unload it, but I wouldn’t bet that it’s worth the difference between the coins and the price. The Danbury Mint does throw in a few extras for your money. Another is that you are paying $34.95, plus $4.95 for shipping, to get 12 bucks. That’s a $72 value for less than half price. Mint, removing them from their rolls, encasing them in plastic, wrapping them in hype, and then re-selling them, a dozen at a time.Ĭollectors are paying upwards of $6 for just one uncirculated presidential dollar coin, the advertisement says in explaining the deal. But the Danbury Mint is, effectively, taking coins from the U.S. The new coins are available at most banks, and the Treasury is anxious to get the coins into circulation. In 2010, the honors go to Presidents Fillmore, Pierce, Buchanan and Lincoln. Mint started issuing four new coins each year. Beginning in 2007, with George Washington, the U.S. In size and composition, the coins are identical to the dollar featuring Sacagawea. Mint to issue $1 circulating coins, honoring each president in the order they took office. The Presidential $1 Coin Act of 2005 instructed the U.S. The Danbury Mint’s pitch is trying to get investors excited about presidential coins. Mint started issuing three years ago, and are turning them into a stupid investment. Yet with market conditions making investors look at virtually any investment opportunity – and look for things they are comfortable holding – companies like the Danbury Mint are repackaging the new “presidential dollars” that the U.S. ![]() But no matter how you feel about the greenback, if you are forking over more than three bucks just to get one – in the form of a dollar coin – you’re a sucker. The value of the dollar has been a hot topic lately. ![]()
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