1$ coin Redux?

Old Feb 12, 18, 11:40 am
  #1  
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1$ coin Redux?

I got the following email from the postal service. I followed the link, and didn't see a catch. Has anyone else researched this offer?All Enrollments now Receive Free Budget Shipping. View this message in your browser.Shop
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scubadiver is offline  
Old Feb 12, 18, 12:29 pm
  #2  
 
Join Date: Oct 2013
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Probably not. Although you get free shipping with an enrollment, note that the coin price is MS-unfriendly, at least for the $1 Native American coin to be issued shortly.

25-Coin Roll – “P” $32.95
250-Coin Box – “P” $275.95
100-Coin Bag – “P” $111.95

ETA: Similarly unfavorable pricing on the America the Beautiful Quarters program. https://www.usmint.gov/news/press-re...-on-february-5
tuphat is offline  
Old Feb 12, 18, 2:13 pm
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Almost jumped in excitement.



Sigh
ramonortiz55 is offline  
Old Feb 12, 18, 2:18 pm
  #4  
 
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They are good looking coins.
JumboJet is offline  
Old Feb 12, 18, 5:38 pm
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My heart skipped a couple of beats.
OssianBlue is offline  
Old Feb 13, 18, 7:52 am
  #6  
 
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Originally Posted by tuphat View Post
Probably not. Although you get free shipping with an enrollment, note that the coin price is MS-unfriendly, at least for the $1 Native American coin to be issued shortly.

25-Coin Roll – “P” $32.95
250-Coin Box – “P” $275.95
100-Coin Bag – “P” $111.95

ETA: Similarly unfavorable pricing on the America the Beautiful Quarters program. https://www.usmint.gov/news/press-re...-on-february-5
Why would anyone pay a premium for what is in essence coin of the realm?

This isn't numismatic coins worth collecting such as proof sets (which are available for a price). This is plain old change, and who is going to want to have 250 dollar coins and pay a premium for them so that you can circulate this specific currency that has in essence been rejected by the population.

Maybe the government thinks they see a way to monetize the MS craze
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radonc1 is offline  
Old Feb 13, 18, 10:08 am
  #7  
 
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I was another member of the heart-skipping group (we may need to invest in an AED).

On a recent trip to the Galapagos, I discovered where all the Sacagawea coins have gone. Ecuador uses the US dollar, and the people there like the dollar coins at least as much as paper bills.
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Middle_Seat is offline  
Old Feb 13, 18, 10:49 am
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Originally Posted by radonc1 View Post
Why would anyone pay a premium for what is in essence coin of the realm?

This isn't numismatic coins worth collecting such as proof sets (which are available for a price). This is plain old change, and who is going to want to have 250 dollar coins and pay a premium for them so that you can circulate this specific currency that has in essence been rejected by the population.

Maybe the government thinks they see a way to monetize the MS craze
I think the main explanation is convenience, for those that want/need uncirculated coins, of all denominations (not just $1). One example: those omnipresent ads by Littleton, offering various sets/collections. Or maybe some merchant that likes to give out a particular state or park coin as change. I assume USM wouldn't offer the service unless there was at least some market demand.
tuphat is offline  
Old Feb 13, 18, 2:43 pm
  #9  
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Sigh! Thanks for the research.
scubadiver is offline  

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