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 Replies: 64 / Views: 4,802 |
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Pillar of the Community
United States
1454 Posts |
Haven't decided whether I am going to collect these or not. I still haven't completed a good BU State Quarter set even. These sound like they will be even more difficult to collect good BU examples especially since they won't circulate and sounds like many banks won't carry them. |
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Valued Member
Canada
107 Posts |
I've got a question, from Canada. How often do Americans get $1 coins in change? Of course, we have the Loonie over here. My grandpa got a Susan Anthony? dollar a while back, somebody gave it to him. So are the Presidential dollars going to circulate much or not? And are we going to be lucky enough in Canada to get one? Haha! Probably not. |
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Pillar Of The Community
3147 Posts |
They may circulate in the larger cities due to more banks and mass transit but the rural cities and areas will be lucky to see them after the first couple of "hyped" releases. They say Americans won't use the dollar coin but that is not entirely a truth. Americans in most areas CAN'T get the dollar coins and I can personally attest to the fact 3 or 4 dollar coins weigh much less than 12 to 16 quarters which I always carry for vending machines. The paper industry that supplies the special paper that is used in our notes absolutely DOES NOT want the coin to succeed nor the dollar bill replaced. Their Congressmen and Representitives want that income in their districts so therein lies the first problem. It is all political. Throw in the fact that most banks don't want the coins for quite a few reasons, such as labor costs, weight, counting, storing, moving and rolling, and one will find the odds are against the dollar coin until the note is taken out of circulation. One big ugly circle that never ends!!! And, in the mean time, the U.S. Mint will make a fortune off of every new coin they can strike!!! Who actually wins here?
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Valued Member
United States
111 Posts |
The coin is being struck with the intention of it circulating. Dollar coins (AFAIK) have never really been popular in the USA. I fully believe that while the coin is supposed to circulate, the government is banking on people hoarding them. So, my guess is we in the USA will see them here and there, I doubt most of us will see them very often.
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Valued Member
Canada
107 Posts |
I see. But do you get any dollar coins at all in change? I really hope the program can succeed. Is the current dollar bronze as well? I'm a dummie when it comes to American coins.
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Pillar of the Community
United States
1767 Posts |
LITTLETON is offering their Presidential $1 program to receive when released
The Washington coin.. 10 coins P&D (5 P& 5 D's) for $35.00, 20 coins P&D (10 P's & 10 D's) for $66.50 and 50 coins P&D (25 P's & 25 D's) for $165.00.
In the excitement of these coins I jumped on it so as not to miss out on the first coin's (Washington)release at the 35.00 level. I only wanted one of each mint, (the rest I'll be giving away),I am NOT thrilled to have to pay $3.50each for a one coin which should be available in our banks at face value. When I receive these coins fron Littleton I will be cancelling from the program. And with the help of Gary and/or dj I'll be able to look foward to the next President issue in line and not be forced to pay $3.50 a coin. Thanks guys!
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Valued Member
United States
111 Posts |
quote:
But do you get any dollar coins at all in change?
Almost never. If I do get a SBA or SAC in change I have to do a triple take. If you use the vending machines at a US post office, they give dollar coins as change. Most bank tellers have some in their drawers. They don't think to give them as change unless someone asks for them. |
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Rest in Peace
United States
3730 Posts |
I get about one SBA or Sacagawea in change each week. Unfortuately, they are usually given to me by clerks who know I collect. If it wasn't for that, I'd probably get maybe one a month in change. I continue to hope that my local banks will come through for me, as bank officials promised. Guess we'll find out in just a few weeks. |
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Valued Member
United States
256 Posts |
Now that I think about it, I don't think I ever got a dollar coin in change for a regular purchase.
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Valued Member
Canada
107 Posts |
Do you think a dollar coin is better than a dollar bill though? And do Americans get half dollars in change? In Canada, we never do, except maybe if you ask at a bank.
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Rest in Peace
United States
3730 Posts |
A dollar coin would be far better simply because of the money it would save the tax payer.
We Americans would quickly get over the irritation of extra weight in our pockets.
I don't know that I've ever heard a Candian complain about carrying $1 or $2 coins around.
I get half dollars in change much more often than I do dollars. Got one just yesterday.
We need to get rid of the paper dollar. But, like so many things, it's all a matter of politics.
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Valued Member
United States
455 Posts |
I agree with you Gary, get rid of the $1 bill and our $1 coins will circulate like dimes and quarters. I'm all for moving George over to the five with Abe and sunsetting the single dollar bill. I remember seeing pictures of older currency where they shared space on the same note. I wonder how much taxpayers would actually save?
(by the way, I couldn't find the "reply with quote" button)
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Pillar of the Community
Australia
1091 Posts |
On my last visit to the USA, I had to put in a five dollar bill into a machine at the airport (for a trolly). It gave me change in $1 coins. The only ones I saw in my visit there.
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Valued Member
United States
344 Posts |
According to the vending machine groups across America I believe the mint is pushing it to use the dollar coins as change rather than the paper dollar. If you check the Vending machine organizations across America you will find info on this.
I believe through alot of vending machines is how we will be inindated with dollar coins not at a grocery store etc.
I receive the sac dollar at a car wash vending as well as others.
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Valued Member
United States
288 Posts |
When they make the George W. Bush coin, they should make it a $50.00 dollar gold colored coin on a copper coated zinc planchet. Could look good on the surface and have no real intrinsic worth at the same time. And it could be made cheap enough to be common. I would doubt its long term worth though. May not turn out to be too popular. Gusp
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Replies: 64 / Views: 4,802 |
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Posted 01/21/2007 12:18 pm
