This past Saturday, I stopped in at my local bank (which happens to be the much-discussed Wachovia) to see if they were distributing rolls of the newest John Adams Presidential $1 coins. I know the release date isn’t until May 17, but I had a good reason for asking early.
A few months ago, I was able to get my hands on the George Washington $1 coins before the release date simply by asking for them. The teller was unaware that the coins were sealed. The teller I spoke to this past weekend was a little more educated about the topic. She explained that they are not allowed to distribute the coins prior to the release date, and they “got in trouble” when the Washington dollars were given out beforehand.
I hope my original teller didn’t get fired.
Apparently, this time around there is a “waiting list,” on which I have been added. I will receive a call from one of the head tellers when my rolls are ready. I ordered four rolls: one to open and spend and the rest to hold in case there is a profit opportunity like errors or higher demand later on.
People who have seen the new John Adams coins say this design is much better than the Washington portrait, which was not attractive at all.
Updated February 10, 2011 and originally published May 15, 2007. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.