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Replies: 40 / Views: 4,848 |
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Bedrock of the Community
United States
20753 Posts |
Didn't know those were in circulation. Never see them anywhere.
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Bedrock of the Community
United States
17884 Posts |
Quote: The current COINS act states SBAs will be remove from circulation, but will be offered to collectors/dealers And what would collectors/dealers want with a BILLION SBA dollars? Sure I'll take them off their hands, at 50 cents each. And what would I do with them? Take them to the bank of course. :)
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Moderator
 United States
189759 Posts |
After reclamation, they should artificially tone them (golden) and re-release. 
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Pillar of the Community
708 Posts |
Quote: After reclamation, they should artificially tone them (golden) and re-release. This is what I have been saying like, forever. But I wonder if it would confuse the visually impaired, having a dollar coin with a smooth edge (original Sac) a coin with words and stars etched into the edge (current Native American, and President dollars) and reeded edge dollar coins (gold toned SBAs)
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Pillar of the Community
United States
927 Posts |
I think I saw this in the COINS act also. First, I don't think the Fed will withdraw the SBA dollars. It is not worth the hassle. Second, I think the part about selling the coins to collectors is a joke. Unless there is a mass marketer interested in these, I don't think even collectors want to buy 1 billion SBA dollars (or hundreds of millions). I certainly don't. Let them die a slow death. But I for one am certainly in favor of the COINS act (but I doubt it will happen). Lets keep spending those dollars.
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Moderator
 United States
189759 Posts |
Quote: Second, I think the part about selling the coins to collectors is a joke. I agree, it is, but the act does say " Allows the release of such sequestered coins to collectible coin dealers and countries that have adopted the U.S. dollar as their base unit of exchange."
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Bedrock of the Community
United States
17884 Posts |
Problem is the only country that has really been buying up our dollar coins for their use has been Ecuador and they like the Sac dollar. (The people there think Sacagawea looks like a native Ecuadorian woman. I don't think they would cozy up to Susan.)
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Moderator
 United States
189759 Posts |
Well, if you squint your eyes...  I hope both of these provisions already have some sort of plan behind the scenes. However, my hoping is often in direct conflict with reality.
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Pillar of the Community
United States
1750 Posts |
They really are hard to separate from quarters when mixed into change. If we get rid of $1 note, I hope they withdraw the SBA from circulation.
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Valued Member
 United States
223 Posts |
I really hope they don't withdraw the $1 bill, at least not in my lifetime. I'd rather have 8 lightweight $1 bills in my wallet than 8 heavy ugly "gold" coins.
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Pillar of the Community
United States
1750 Posts |
It makes a lot of sense to get rid of the $1 and $2 notes. The shredded old notes end up in landfills, where a dollar coin after about 30 or more years will be recycled for its metal. Our smallest note should be a five. It will save the taxpayers billions by switching to a $1 coin. From what I read, Canada saved nearly 10 times more than the actual projected savings on their switchover.
Edited by DoubleEagle20 12/18/2013 11:04 pm
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Pillar of the Community
United States
613 Posts |
Can't see why'd they bother...
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Moderator
 United States
189759 Posts |
Quote: I'd rather have 8 lightweight $1 bills in my wallet than 8 heavy ugly "gold" coins Why do you have eight when you should have no more than four?  Ideally, you would have only one if you made use of the two dollar note.
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Valued Member
 United States
223 Posts |
Because I'd been shopping all day?
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Moderator
 United States
189759 Posts |
You are not maximizing use of your change. It is a hard habit to break. However, with a dollar coin you will be more eager to use the one(s) received in change on the next purchase.
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Replies: 40 / Views: 4,848 |
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