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 Replies: 44 / Views: 3,694 |
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Valued Member
United States
425 Posts |
Quote:"around the turn of the century (1900) , you could DO something with a morgan". Never thought about it but that is so true! As a kid, we all took turns reading the Bible verse at Church. When you were done the Pastor would shake your hand and press a Dollar or Half in to your palm. I still have a Peace dollar he gave me one Sunday. |
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Pillar of the Community
United States
3077 Posts |
yer a 111 Oden?
<edit> bad math </edit>
Edited by yotie
02/14/2011 9:15 pm
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Valued Member
United States
425 Posts |
I think they are waisting their time with Dollar Coins. What would you say, the average person has $20-$25 of cash in their pocket. How would you like to carry a roll of these dollars around!? They should have made $10 and $20 coins. I bet they would have gotten more use than these dollar coins!
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Pillar of the Community
United States
3077 Posts |
one day if the politicians ever return us to a gold/ silver standard I could see the ASE type coin being a 20 dollar coin and a dollar coin the size of a dime Edited by yotie
02/14/2011 9:24 pm
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Valued Member
United States
425 Posts |
Quote:"yer a 111 Oden?"
I don't follow ya? Are you asking me if I am 111 years old?
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Pillar of the Community
United States
3077 Posts |
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Valued Member
United States
425 Posts |
I feel that OLD sometimes! My Uncle would say, it's not the years....it's the mileage!! This took place in the late 60's early 70's. Most often we got a modern dollar, I remember my sister got a Franklin half one time. Not sure where he got the Peace dollar, maybe found it in circulation back then! I only remember it was the first time I ever saw a Peace dollar. |
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Pillar of the Community
United States
3077 Posts |
i remember grandpa giving me a Peace dollar spent it on superman comics still have them but I wish I had the coin |
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Valued Member
United States
425 Posts |
After the year 1976, I remember that every time I went to my Grandma's house she would give me a Bicentenial Quarter and say,"Paul, I know you like those old coins so here is one I found today in my egg money...... it's from 1776!" I have two and a half rolls of those quarters to this day!
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Pillar of the Community
United States
3077 Posts |
grandma gave me some of her dimes a couple of years ago one was her "funny Dime " it was an 1866 3 cent peice I will never sell it and I have it labled as "Grandma funny dime"
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Valued Member
United States
425 Posts |
"Grandma funny dime"......That's Great!!
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Pillar of the Community
United States
7629 Posts |
1. Comparing collectibility of a Morgan dollar to a Presidential dollar is like comparing collectibility of a 1934 Ford Deuce Coupe and a 1989 Ford Taurus. it's simply silly. 2. The U.S. Mint does NOT make $1 notes. The Bureau of Engraving and Printing does, and they are two completely separate entities in the Treasury Department. Therein lies the problem with getting rid of the dollar bill and going exclusively to the coin. It would decrease the BEP output by over 50%, which would pretty much stall the process on printing all our other money because of the pending layoffs. They have to be able to pay for the process somehow. 3. Rarity is and always has been based on availability - with nearly a hundred million mintage - the Lincoln dollar will take over a hundred years to become remotely rare, especially if they are never widely used in commerce. Even if they are widely used in commerce count on decades to see a worthy return. Sources: BEP: http://www.moneyfactory.gov/uscurre...figures.html Presidential dollar Mintage: http://presidentialdollarguide.com/...ar-mintages/ |
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Pillar of the Community
United States
7629 Posts |
My suggestion to the Treasury Department would be to produce a well needed $200 note and bring back the $500 note. Produce and circulate $2 notes in mass, and get rid of the $1 note. At the same time, round all transactions to the nearest dime, and get rid of the cent and nickel. Step up production of dimes by 50% and create a $5 coin to circulate that's twice as thick as the $1 coin. Everybody's problems are solved...all the BEP workers and the Mint workers still have jobs and can still print and mint as much paper and coinage as they had been.
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Pillar of the Community
United States
1510 Posts |
20 dollar coin--that sounds good
Retired USAF 1983-2003
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Bedrock of the Community
United States
17884 Posts |
Quote:
2. The U.S. Mint does NOT make $1 notes. The Bureau of Engraving and Printing does, and they are two completely separate entities in the Treasury Department. Therein lies the problem with getting rid of the dollar bill and going exclusively to the coin. It would decrease the BEP output by over 50%, which would pretty much stall the process on printing all our other money because of the pending layoffs. They have to be able to pay for the process somehow. That's the argument that is usually made, but since they DO make a two dollar note, and since people would rather use paper than coins, the number of twos would greatly increase, reducing or even eliminating the layoffs. It would also reduce the number of coins needed. Because people are right it would take a lot more coins than what they have struck so far to replace the dollar note if they didn't increase the production of twos. And the increase of twos would make it so no one would ever have to accept more than one dollar coin in change. |
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Replies: 44 / Views: 3,694 |
First Page
Posted 02/14/2011 9:14 pm
