Saturday, April 14, 2007

Ask and Ye Shall Receive, Change

Do you have a coin and want to know its value? Leave a comment/question and I will do my best to find out the price and history for you.

On February 12, 2007 I wrote about the release of the new presidential dollars in NYC that took place that same month. I complained about the time that new circulating coins reach my pockets in form of change.

A few days ago chrys wrote this comment...

I have not seen the dollar as change you get from the shops but apparently some car parks ticket machine will spit some. My husband came home with a bunch of them and a few of those with errors.
I wrote back...
That's great chrys I try to tell people not to buy them unless it is from the official government website.

It is better to receive them in your change but it takes time. The debuted in NYC where I live and I have yet to see one.

There are currently 5 "errors" known for these coins. At first they were selling at $300.00 a piece now they are so common that they sell for $2.00 if you're lucky. We will have to wait 1-5 years to see which errors are valuable and which are way too common.

Great finds hold on to them.
The next day BAM! I got 3 new dollars in my change along with a Trinidad and Tobago cent. I thank chrys for the added luck.

Here they go.

The top is a Trinidad & Tobago cent and an image of its reverse. The front has some stuff stuck on it.
The next 3 are the presidential dollars I got. The two in the middle have Washington face up and the edge lettering readable in the normal way. The last dollar has Washington facing up and the edge lettering is upside down.

These upside down "errors" seem to run about 50-50 or maybe 40-60 in favor of right side up. It is not a true error since the mint did not say whether or not the edge lettering should go up or down. At the end they are too common and are worth the same.

I got my 2008 Redbook by R.S. Yeoman and all future prices will reflect that, I'll also try to update any older values I given out.

Here are the stats for each type of coin...
Type/Country: 1 Cent/Trinidad & Tobago
Year: 2002
Mintage: Unknown
Metal: Bronze
Value: $0.05 in Fine(If I can safely remove the gunk.)

Type/Country: 1 Dollar (Right Side Up Edge)/United States of America
Year: 2007P
Mintage: Estimated 176,680,000 (Final numbers may take years)
Metal: 77% copper, 12% zinc, 7% manganese, 4% nickel
Value: $1.00 in MS-60 or less

Type/Country: 1 Dollar(Upside Down Edge)/United States of America
Year: 2007P
Mintage: Estimated 176,680,000 (Final numbers may take years)
Metal: 77% copper, 12% zinc, 7% manganese, 4% nickel
Value: $1.00 in MS-60 or less

Note that the metal content for the dollars are for outer layers only that are bonded to an inner layer of pure copper. This is a more accurate metal content; 88.5% Copper, 6% Zinc, 3.5% Manganese, and 2% Nickel.

Do you have a coin and want to know its value? Leave a comment/question and I will do my best to find out the price and history for you.