Well, it’s not quite time for goodbye. But soon.
With all the press about the George Washington dollar, I’m not sure that most people realize that the US Mint has already stopped producing them. That’s right, they’ve already begun production of the second Presidential $1 dollar coin, the coin for John Adams.
The Patriot Ledger in Boston has a really nice article on the new coin, and on John Adams.
There has been so much coverage about the errors on the new George Washington dollar coins that demand for the coins has been surprisingly high. Unfortunately for collectors, I think this means that the market is flush with them which may mean no significant appreciation for the George Washington version.
Personally, I expect that the excitement about the dollar coins to die down rapidly as they march through the Presidents. In many ways, you want demand to be low at the time of issuance, since that means fewer people will be stashing them away. That leads to higher prices down the road.
The US Mint has scheduled the release of the John Adams dollar coins for May, so there is still some time to get your George Washington dollars.
One nuance that is worth noting – it’s only for the 6 weeks after release that the Mint will be providing boxes of dollar coins for a single President. So come May, you won’t be able to go to the bank and get a box of George Washington dollar coins any more. You’ll either be able to get a box of the John Adams’ dollar coins, or a mixed box of golden dollar coins – Sacajawea, Washington, etc.
Update (5/17/2007): The John Adams dollar coins have been released! Read more here.
Update (5/24/2007): For a limited time only, I am now carrying unopened, original John Adams Presidential Dollar coin rolls in my eBay Store. Click here to buy them on eBay Express. If you are interested in the other rolls I am carrying, click here for all the coins I am currently selling.
8 thoughts on “Goodbye George Washington. Hello John Adams Presidential $1 Dollar Coin.”
I have tried the last few minutes to find out what size the new John Adams coin is. My comment on the dollar coins in general is, while they may be of interest to collectors, they will never catch on for daily use as long as they remain the size of a quarter. Why can’t the Mint use good sense and produce a practical dollar coin like the Looney in Canada? If the John Adams coin is larger, accept my apology.
All of the Presidential dollars are the same size. With all due respect, the days of the Susan B. Anthony dollar are long over, and the current dollar coins feel and look significantly different than quarters.
I don’t think that this is the reason the dollar coin has been unsuccessful. If they want the dollar coin to succeed, they should stop printing the dollar bill. Done.
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I’m betting the Lincoln dollar will attract the most attention. By the time it’s issued, lots of people will know about this series. And with the bicentennial of his birth coming in 2009, there’s bound to be a spike in interest in the already-popular president.
I think you’re right, although one of the things I am wondering about is whether or not the popular presidents will actually lead to popular coins. Maybe, it really depends on how many the US Mint produces in 2009. With the state quarters, the production has been tied to money supply – not to popularity. That’s why we have 1.2 Billion Delaware quarters and only 450 Million California quarters.
Personally, I’m most excited about the dollar coins for the Presidents that no one knows… well, I’m also definitely going to stock up on JFK and Reagan dollars. And how about that Jackie Kennedy gold First Spouse coin? 🙂
I was told that the john Adams coin has now been released but for the john adams collectors, this is quite exciting news that the new john adams gold coin is worth from $3,000 to $5,000. Yeah thats right in 2016 the price will even go more up. You can see the info on aboutcoins.com/johnadams.sg
“gold coin is worth from $3,000 to $5,000”
even if was made with real gold, it wouldn’t be worth that. sarcasm hopefully?
The John Adams coins are worth only a Dollar period.
I went to a coin shop today who had a stack of them, they are worth only a dollar.
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