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2 years, 2 months ago

What is the history about this [[1$ coin]]?

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opher | 2 years, 2 months ago
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Following the great demand of so-called "statehood quarter dollar" coins, the US mint began a series of US$1 coins each featuring a different president, starting with George Washington in 2007, and continuing from there, with 4 different presidents each year. You can find the list along with release dates at http://presidentialdollarguide.com/presidential-dollar-release-schedule/ .

The coin in the image is the second in this series, and was released on May 17, 2007. It has a face value of US$1, and is worth $1. You can probably find it at your local bank branch (in the US), and may get it in change if you use USPS vending machines to buy stamps with e.g. a $20 bill (the USPS machines offer change in coins only, so use many dollar coins).

The current bid at the link you provide for eBay is 100 Indian Rupees, currently worth US$2.20143 (according to http://www.xe.com/ucc/convert.cgi?Amount=100&From=INR&To=USD&image.x=44&image.y=13&image=Submit ). Adding the 60 Rupee shipping rate increases that to ~US$3.52. Thus, unless you really need the coin for your collection, and have no access to US banks (e.g. if you're in India and have no US-based friends who can help you) this does not seem like a good deal, as it is about 120% over the value of the coin before the shipping cost, and 252% over the value of the coin when you include the shipping cost.

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