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Mint Suspends 2012 Dollar Coin Ceremonies

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Pillar of the Community
United States
1817 Posts
 Posted 03/12/2012  12:36 pm  Show Profile   Bookmark this reply Add Bizybackson to your friends list


Unfortunately, I agree with Condor. The coin release ceremonies are/were an opportunity for the public to exchange money for rolls of coins at face value, and is really one of the few ways that the Mint does outreach to the general public and also as a gesture of goodwill. "Selling" coins above face at such events would probably cancel that out, and I guess these events always probably lost money for the Treasury Dept. anyway. It is kind of a shame, really, about the dollars and the associated events.
Pillar of the Community
United States
1054 Posts
 Posted 03/12/2012  3:04 pm  Show Profile   Bookmark this reply Add kookoox10 to your friends list
That will save about $100k in tax payer money.
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United States
188440 Posts
 Posted 03/12/2012  3:56 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
This looks like another step towards eliminating the Presidential dollar Coins


Quote:
Just get rid of the dollar bill.
I agree. Completely.
Valued Member
United States
406 Posts
 Posted 03/12/2012  5:54 pm  Show Profile   Bookmark this reply Add ljenkins990 to your friends list
Let's get rid of the dollar bill AND the Presidential dollar - and get those gorgeous Native American dollars into circulation!

I know that realistically it would probably be hard to justify minting and releasing a mass quantity of 2012 NA dollars when we have those mountains of Prez dollars sitting there gathering dust, but I just think it's a shame that those beautiful designs are almost completely unknown.
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United States
1770 Posts
 Posted 03/12/2012  7:30 pm  Show Profile   Bookmark this reply Add M0nks to your friends list
i carry alot of coins everyday so id be all for the dollar coins I agree with the elimination of the dollar bill its tiring already and has no apparent value right?
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Canada
3692 Posts
 Posted 03/12/2012  11:23 pm  Show Profile   Bookmark this reply Add Libertad to your friends list
Instead of bill folds why don't people carry around plastic coin containters - free of charge at any bank? And I'm not talking about the ones with indented parts that get mangled and torn open, I mean the twist-off kind that is reusable till the next century and then some.
Bedrock of the Community
United States
14454 Posts
 Posted 03/12/2012  11:45 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list
whenever I was young I remember my grandfather carrying around a change purse (for lack of a better word). It was kind of football shaped and made of rubber and you would press both pointed ends and there was a split in the top side of it and when you pressed the edges towards each other the split would open and you could get change out or put change in. They weren't huge and they would fit in your pocket pretty easily because they were slim and rubber
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Canada
986 Posts
 Posted 03/13/2012  01:37 am  Show Profile   Bookmark this reply Add Peter4805 to your friends list
There was a big hue and cry in Canada when the "loonie" was introduced and we got rid of the dollar bill. Now most Canadians are perfectly happy with the dollar coin and ditto with the two dollar coin. As a cab driver I would much rather have the coin than the bill. It gets tiresome retrieving or putting bills in a billfold. With the loonies or toonies I just toss them into or get them out of a cup I have stuck to the door panel.
New Member
United States
1 Posts
 Posted 03/13/2012  02:52 am  Show Profile   Bookmark this reply Add jdoricko to your friends list
God forbid if we made sense again and actually stabilized the value of our money by fixing an amount of silver and gold to it. If we did this, then it would be much more convenient to carry a small gold coin and some silver coins around, than the thick wads we need now. Or the credit / charge / debit cards that allows the government to track our money and movement everywhere, and tax it away from us, as well as the banks who slap all kinds of new and different fees periodically.
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United States
2295 Posts
 Posted 03/13/2012  09:45 am  Show Profile   Bookmark this reply Add wquinn to your friends list

Quote:
whenever I was young I remember my grandfather carrying around a change purse (for lack of a better word). It was kind of football shaped and made of rubber and you would press both pointed ends and there was a split in the top side of it and when you pressed the edges towards each other the split would open and you could get change out or put change in. They weren't huge and they would fit in your pocket pretty easily because they were slim and rubber

They are still quite available to buy, especially in gift shops. I bought one when I was at the Hoover Dam in 2006 and I still use it. My old one, after about 20 years, kind of dried out and would not close well, so the coins spilled out easily.

It is nice to have, since the coins don't jingle in my pocket. Plus it is quick and easy to take all of the coins in and out of my pocket.


Quote:
God forbid if we made sense again and actually stabilized the value of our money by fixing an amount of silver and gold to it.

That would be a major disaster. Search around in the forums. It has been discussed.
Edited by wquinn
03/13/2012 09:47 am
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188440 Posts
 Posted 03/13/2012  2:39 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Let's get rid of the dollar bill AND the Presidential dollar - and get those gorgeous Native American dollars into circulation!... I just think it's a shame that those beautiful designs are almost completely unknow
Well said. I always forget about them until I see the current version in the annual proof set.


Quote:
It was kind of football shaped and made of rubber and you would press both pointed ends
I used to use one of those when I was younger. That just brought back some good memories.
Pillar of the Community
United States
1007 Posts
 Posted 03/13/2012  2:58 pm  Show Profile   Bookmark this reply Add matchbox to your friends list
I thought this would happen now that they're minted only for collectors. With the mint selling these dollars at a premium and as a collectible product I don't consider them a coin anymore. It's more like a medallion made by the US government.

The Presidential dollar coins were a complete fluke and a waste of time and money. However, I see a need for making dollar coins and the Native American dollars work nicely. I only wish they would return the dates and mintmarks on the obverse of the coin.

And I agree with doing away with the dollar banknote but I hope that doesn't start another wave of fear and paranoia by some people crying tyranny, being "forced", being "shoved around" by Big Brother, "sheeple", etc.

Edited by matchbox
03/13/2012 2:59 pm
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188440 Posts
 Posted 03/13/2012  4:17 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
I only wish they would return the dates and mintmarks on the obverse of the coin.
Having the date and mint mark on the edge is my biggest complaint.
Rest in Peace
United States
9104 Posts
 Posted 03/13/2012  4:54 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list
You realize a $2.50 silver or $200 gold coin would be the size of a dime, right?
Valued Member
United States
410 Posts
 Posted 03/14/2012  1:53 pm  Show Profile   Bookmark this reply Add JSH to your friends list
I didn't even know that they had ceremonies.

I don't mind the year being on the end now that they have a unique design every year. The mint mark is a pain though.
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