Sacagawea Roll

$1000 case of 2001 sacagawea coins?

I have a $1000 case of 2001 sacagawea dollar coins. Its unopened and doesn’t say what mint. Whats it worth? I don’t want to open it and look at the rolls…all it says on the box is cwi #01, oct 13 2001 and the inspector #blah blah

It’ s hard to say how much of a premium there will be for this because you don’t see too many of them. Most that were shipped were broken and sold by the roll or individual coin. But there will be a premium.

2001 saw a very high production from both mints and they are not at all rare. In fact, the US Mint had so many of them that they decided to release them directly to the public in January of this year, in boxes of 250 (10 rolls) at face value and free shipping.

The thing is, these rolls are packaged differently than the originals, so you will always be able to tell them apart. The original rolls were packaged in NF String & Son Inc. paper wrappers. I’ve seen the P rolls in blue and gray paper and the D rolls in red and white paper. Any of those that you see are priced a bit higher than the yellow US Mint packaging from the January 2010 ‘dump’ of these coins. Also, what you have is original production quality. The coins released this year have been sitting around for nine years. One site I found that discusses this release claims that a majority of these coins have acquired spots of discoloration. That’s a turn-off for collectors. US Mint’s purpose for this release was to get the coins into circulation, and it appears that’s all they’re good for, spending.

As this knowledge becomes more widespread, I think you’ll find that the premium being paid now for the new yellow paper rolls will shrink to close to nothing (it’s anywhere from 0 to 20% now, rolls are selling from $25 to $30). And the premium for the original wrap rolls will grow.

It’s just hard to say how much. A box like yours should be worth more in ten years than 40 single rolls sold separately, which is opposite the way it usually goes. Generally, you would see a quantity discount. But a case like this will be fairly scarce. Not many collectors go after sealed cases or can afford them, but those that do and have the money will pay top dollar for what there isn’t much of.

What you have to decide is if it’s worth keeping that long. You must take into account the inflation factor. Let’s say that you could sell each of these 40 rolls for net $32 each. You’d show a profit of $280. You might be able to sell the case today for $1350, maybe more to the right person. But you’ve had it since 2001.

What cost $1,000 in 2001 would cost close to $1,250 today when adjusted for inflation or conversely, what you paid face value of $1,000 for in 2001 has the spending power of about $800 today. So any premium you would realize today is a lot smaller than it seems, though it at least has stayed ahead of inflation. I, along with many others, expect inflation to worsen in the next ten-year period. Keeping it may not be a great investment. You could put your $1300 into a good mutual fund and double that to $2600, or more, by 2020.

But if you do decide to hang onto it, keep it sealed and the box itself in the best condition possible. Wrap it in bubble wrap, put it in a larger box, and stash it in a closet. Basements, attics and garages are bad for coins.

Roblox Sacagawea (another school project 0.o)

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