Hobbies And Interests
Things You'll Need
Instructions
Acquire an ample supply of high-quality presidential $1 coins. The face value of these coins is just $1, but collectors are willing to pay more for coins if they are of extremely high quality or difficult to find. Collectors are also eager to buy presidential $1 coins in rolls. It is easier to sell the coins if you have many to choose from. The United States Mint sells presidential $1 coin bags containing 250 uncirculated coins. Only uncirculated coins will sell for more than $1 each.
Sort through the presidential $1 coins and select the finest-quality specimens. Handle them with gloves or padded tongs to avoid damaging the coins. Protect the best coins by placing them in coin sleeves or coin rolls.
Organize the presidential $1 coins for sale. Top-quality specimens can be sold individually. Rolls of 25 identical uncirculated coins are popular. Complete date sets are also popular if you have a supply of all the coins.
Check the mintage figures for the presidential $1 coins. A link is provided in the References section. The U.S. Mint made more than 340,000 George Washington $1 coins in 2007. Mintage numbers have steadily fallen with successive issues. The U.S. Mint made fewer than 75,000 Millard Fillmore $1 coins in 2010. Later issues of presidential $1 coins are more difficult to find. You can charge more for coins with low mintage numbers.
Sell presidential $1 coins to coin collectors. You can do this at coin shows, coin shops and through the Internet. The auction website eBay has a page devoted to buying and selling presidential $1 coins. A link is provided in the References section. The key to successfully selling presidential $1 coins is to emphasize the quality. Make sure to mention that they were handpicked and in pristine condition. Since the presidential $1 coin series only began in 2007, there is no market for damaged or circulated coins.