Advice on Presidential Dollars ??

[IdahoCopper]

I have never been interested in numis, just silver and copper. Now I'm helping my mom sort out my dad's coin collection and came across a lot of BU MS60 Presidential dollars.

In my mind the main reason to keep them would be as insurance against a USD revaluation. But that's a long shot, so I need more information on what I should do with these coins.

Thank you in advance.

[henrysmedford]

You could sell them as hole fillers. http://coins.bidstart.com/Presidential-2007-Now-/2290/c.html

[barrytrot]

The amount of effort it will take you to make a PROFIT over face is a LOT.

And a USD revaluation that doesn't also impact the presidential dollars? That sounds impossible.

[Copper Catcher]

Cash them in....The Federal Reserve Banks have 1.4 billion $1 coins held in inventory. In my opinion they will never be a serious collectors item because there are just too many and no interest.

[IdahoCopper]

The amount of effort it will take you to make a PROFIT over face is a LOT.

And a USD revaluation that doesn't also impact the presidential dollars? That sounds impossible.

I was thinking that coins are a lot more expensive to make then paper money. So the New Dollar might use the old coins, thus if a 10:1 revaluation, the dollar coin is now worth $10 old dollars. Just speculation, you could be right, who knows?


Thank you for the replies.

[hobo finds]

You would think the 2012 and 2013 ones would be of some intrest as they were only sold thru the mint.