Your Friend in Gold Mining............John
>Why were they made at all?
Because of popular demand. The Mint realized that collectors would want
uncirculated & Proof SBA's, since they're being minted again this year.
Now, if you're asking why SBA dollars are being minted this year, the
answer is equally obvious, even though some know-it-all's would rather
deny facts than admit their opinions aren't gospel. Basically, the Mint
has run out, and they anticipate further demand for them (thanks to the
USPS and the transit authorities of several major cities, including NYC).
By law, they have to be able to supply coins based on demand. The
Sacagawea "Golden Dollar" cannot be relased into circulation until January
1, 2000, and may not be available for several weeks into next year. Thus,
they have to mint the only legal version of a dollar coin: the SBA.
>John Mason wrote in message <3807856A...@ix.netcom.com>...
>>I recieved my UNC's and Proofs today after only 7 days. I ordered online
>>through the website and this is amazing. I have one thing to ask that I
>>was not aware of. Why were the proofs minted at Phil, and not SF?
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Mine came in a week too. I am hoping this will be one Mint order I
don't lose money on. These would all seem to be positive indicators:
- Non-S proof
- Low mintage for a circulation issue
- Last year of issue
- Last year of 20th century
- Interest due to possible "doubled" variety
But boy o boy, what a battle-axe. I sure like the look of Sacagawea
better...
Brandon
>I've never liked the Susan B., and my guess is that the reasons people will
>NOT be interested in it are:
>- It's not REALLY a circulating coin, it seems more like a commemorative.
Tell that to the thousands of people who see these returned from the USPS
stamp machines or subway machines. Sorry, it REALLY is a circulating
coin.
>- How many people know that the Susan B. is being made this year? Or even has
>EVER been made?
I suspect most people over the age of 30 know they were made, plus those
who see them regularly in the above circumstances. Plus, everybody I know
knows they're being made this year.
>- Low demand
If that's the case, then why did the Mint run out? Why is the Fed's
reserve of them drawing down at the rate of 2-4 million per month? Sorry,
that's not it.
>- Ugly, ugly design
Ugly is in the eyes of the beholder.
>- If I show someone a Susan B., will they be impressed? I doubt it. But I show
>the same person a $2 bill, they will ask me 'Wow. That's rare! Can I buy it
>from you?'
Everybody I've shown the 99's to have been impressed, especially when I
tell them of all the changes made since '81.
>- Interest in Sac dollars and state quarters. (But someone MIGHT be able to
>make a collectors 1999-2000-2001 set with all the quarters and dollars of
>those years).
Granted, the State Quarters may distract. On the other hand, I believe
that program has drawn attention to ALL coins. As people notice the
SBA's, they'll get interested ... unless they're totally prejudiced
against the coin to the point that they refuse to believe they're of any
use.
>Jim wrote:
>
>> John Mason wrote:
>> >
>> > I recieved my UNC's and Proofs today after only 7 days. I ordered online
>> > through the website and this is amazing. I have one thing to ask that I
>> > was not aware of. Why were the proofs minted at Phil, and not SF?
>>
>> Mine came in a week too. I am hoping this will be one Mint order I
>> don't lose money on. These would all seem to be positive indicators:
>>
>> - Non-S proof
>> - Low mintage for a circulation issue
>> - Last year of issue
>> - Last year of 20th century
>> - Interest due to possible "doubled" variety
>>
>> But boy o boy, what a battle-axe. I sure like the look of Sacagawea
>> better...
Only took 19 years to run out of these things.
>As people notice the SBA's, they'll get
>interested ... unless they're totally prejudiced
>against the coin to the point that they refuse to
>believe they're of any use.
There ya go!!!! You got it!!!!
No, they're objectively ugly. Their ugliness pegs the needle on my
ugliometer.
I have always believed that the buyer gets screwed on everything they
purchase, from apples to zucchini. It is just a matter of how much of a
screwing is employed by the seller at the point of sale.
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Then why do some of us disagree with you about their "ugliness?"
OK, so Susie isn't on the top 10 "babes" list. So the portrait is one of
her worst. Why does that make the wonderful Apollo 11 emblem, inaccurate
as it was up until this year, ugly, too? Why would Susie's portrait ruin
a coin that is one of the fullest designs I've seen (i.e., a coin without
vast plains of empty field)?
I'm sorry, ugly IS in the eyes of the beholder. While the SBA dollar
isn't the absolute prettiest coin ever made, I do not find it ugly.
Agree ... the eBay auction of a 1999 Proof Error coin is up to $32.oo ! Since
I got 4 of em, they're looken "Purdier and purdier"!
... Dobac