2 Dollar Coin Question

Not sure what that means jbuck....

And was a complete failure until they discontinued the one pound note.



Only after 1853. Before that time ten dimes did equal the weight of a silver dollar. rising silver prices caused the weight of the silver coins to be reduced, but since the dollar unit was defined a specific weight of silver they did not feel it would be right to reduce the weight of the silver dollar. This made every silver dollar worth $1.04 in metal value and they immediately stopped circulating. The silver dollar really only circulated between 1840 and 1850. In 1840 when it was reintroduced it was worth more as money than as metal, was legal tender, and was a sound money unlike the thousands of varieties of paper dollars in circulation. If you were getting back a couple dollars in change you wanted the heavy silver dollars that you knew were worth a dollar. A paper dollar might be worth anywhere from 98 cents to nothing and the only way to find out was to consult a monthly (sometimes bi-monthly) published reference guide that listed every issuing bank in the country and what their notes were worth at the time of publishing. You eith had to subscribe to this publication and carry it with you or borrow the merchants copy. Then even note would have to be looked up, valued and totaled when used for making purchases or receiving change. When that was the headache you had to go through for every transaction, people preferred and circulated silver dollars. but by 1850 the rising price of silver meant that now every time you used a dollar coin you LOST money. Then the weight change of the minor coins in 1853 just guarantees the death of the silver dollar. By the time silver again dropped low enough that the coin was worth more and money than metal we had a solid Federal Paper money system of full value exchangeable at par. Since the paper dollars were equal to the silver dollars now and the paper was considered safe, people chose to use the more convenient paper.

So what your trying to say jBuck is that, If I wanted to buy a soda for 1.35. If I have 1 Ten, 1 Five, 1 One dollar, 2 quarters, 2 dimes.

I should hand them the Ten? (jk)

So I would give them the dollar, the quarter and one dime. Therefore I just used exact change I now have less weight in my pocket.

ksammut: As you may have noticed, your original question is getting lost. This is one of the problems with many forums where someone is trying to find out information. You ask what time it is and it ends up with how to make a Sundial.
As I mentioned, just write down as much info as applies and say that to the other kids at school. Have fun and enjoy coins as a hobby.

One more question, what forum "place" would I put something about getting coins at a store?

I have made a thread in the Main forum about foreign coins passed off as other coins.

you people actually carry coinage around? how odd?

i keep a dollar or 2 in change in the car cup holder, that's about it. Shop with plastic. less hassle, less trips to the bank, easier to keep track of my spending.

if its not in 2x2s I don't want it.

I have no idea why people are even discussing $1 or $2 coins anyway. the general public has spoken on this matter and times are changing. the banks have been trying to discourage the use of coinage and even bills with online banking.

Because of government waste. They cost a lot less than one and two dollar notes.

But I am with you, I use plastic more than 90% of the time and pay every recurring bill online. I no longer have a checkbook and it takes me two months to use the money I pull from the ATM (ten years ago it lasted a week).