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 Replies: 38 / Views: 6,308 |
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Rest in Peace
United States
10625 Posts |
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With everything the government is pulling on us right now, I think being forced to use a dollar coin instead of a dollar bill would be the least of my worries. Roger that! My take home pay may be a handful of these if the government gets it's way.... |
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Moderator
 United States
188952 Posts |
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There's way too many dollar coins available. Not if the dollar bill went away.  Quote:
The one fly in the ointment is that killing off the dollar bill would have to be accepted by the general public. It does not matter, just do it. There are thousands of things the government does that we do not like, but most are for the best.  |
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Bedrock of the Community
United States
17884 Posts |
Quote:The one fly in the ointment is that killing off the dollar bill would have to be accepted by the general public. If people don't want to carry around the Kennedy halves why would they be willing to carry around one of the golden dollars. Well if they didn't have dollar bills they would have to use something. Part of the load can be taken up by two dollar bills but when you actually have to receive an odd dollar in change and there is no dollar bill you have several choices a dollar coin at 8 grams, four quarters or 10 dimes at 22.4 grams, 20 nickels at 100 grams, 100 cents at 250+ grams, some combination of the last three choices, or telling them to keep the extra dollar. Which one do you think the public will accept? I think with no dollar bill they will accept the dollar coin. As for the mintage figures of the dollar coin, I would not expect them to go much lower. This is pretty much the collector baseline demand. Look at the 2002 - 2008 Sac dollar mintages Roughly a billion in 2000, 100 million in 2001, then they went to collectors only and the mintages dropped to just a few million and stayed at that level for the rest of the run. Edited by Conder101
12/28/2012 4:12 pm
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Pillar of the Community
United States
1007 Posts |
One thing I don't understand are the comments about if they stop with paper dollars and we switch to dollar coins that it's somehow being "forced" upon us. We use 25¢ coins..... are we being "forced" to use those instead of paper quarters? How about paper dimes? Are we being "forced" to use metal discs as cents, nickels, dimes, quarters and half dollars? I protest! If it so happens that the paper dollar is eliminated, use paper $5, $10, $20, etc. You don't have to carry around 50 $1 coins. I don't think too many people carry that much change anyway. Elimination of a paper $1 isn't "forcing" anything on anyone. It's a mindset. So can I go around telling everyone the government is "forcing" us to use metal discs as quarter dollars when I think it should be paper quarters?  But this is getting off topic...... The Presidential dollar series was a mistake, the storage of these coins are expensive and it's understandable why they're NIFC anymore like the Kennedy half dollars. I like the idea of a $1 coin for collectors, but only one design, and no more than a P, D & S mint per year please. And put the date and mintmark on the obverse again, NOT on the edge! Who's cockamamie idea was that anyway? Edited by matchbox
12/28/2012 4:23 pm
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Bedrock of the Community
United States
36800 Posts |
The public has never shown a dislike for quarters or dimes, but they have dollar coins.
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Moderator
United States
188952 Posts |
matchbox! 
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Pillar of the Community
United States
1007 Posts |
If I have my dates correct, the first dollar coin was introduced in 1792 and the first paper dollar was the large size note introduced in 1862. So was the government "forcing" Americans to use dollar coins for 70 years? And when the government stopped production of the dollar coin from 1935 to 1970, was the government "forcing" us to use paper currency? The first 70 years of our country, Americans used dollar coins. Grreenbacks didn't exist. So when I hear this silly paranoia about the government "forcing" us..... or "shoving it down our throats" I want to say to turn off right wing radio. As I said, it's a mindset. If you want to be "real" Americans...... you'll welcome the return of the dollar coin as that's what our Founding Fathers used exclusively. |
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Pillar of the Community
United States
3755 Posts |
Quite frankly, the public "dislike" is more an excuse than a fact. The simple fact of the matter is that average humans are sheep. Change their path and they will bleet a little bit, but follow the herding dog all the same and remain stupid and happy. It will be no different with the dollar. Only problem is, most of the "leaders" are sheep as well, and incapable of individual thought or of possessing the intestinal fortitude required to make a decision on their own. Remove the wasteful dollar bill and the world will NOT end. Basebal, the Native American dollar is cool. At least this year was. And has the possibility of being so in 13. Plus, don't forget, the Presidential dollar is a finite series. The Native American dollar is the "official" dollar coin. |
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Valued Member
United States
158 Posts |
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Pillar of the Community
United States
1817 Posts |
The only people that would be upset with the elimination of the dollar bill is the Crane Paper Company in Massachusetts. They pay $$$ to lobbyists to convince legislators that the American public do not want dollar coins, when probably the majority of Americans don't really care either way, money is money, and with fiat money $1 is equivalent to 10c just a generation ago. Put the Crane people out of business and the 'discussion' will be solved. I rarely carry more than 3-4 dollar bills anyway because of debit cards and if I use paper cash, $10s & $20s are much more useful.
Edited by Bizybackson
12/28/2012 8:50 pm
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Pillar of the Community
United States
3077 Posts |
kill the dollar bill and introduce the $250 and $500 bills
lets get real a 100 dollar bill is to us what a 20 was to our parents/grandparents
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Pillar of the Community
United States
965 Posts |
Lol, if it were me, the numismatist, I'd prefer if the government would ONLY issue coins But then again, If you asked random members of society, they would probably would like it if they would only issue bills. |
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Pillar of the Community
United States
1745 Posts |
If you get rid of the dollar bill, the public WILL use the dollar coin. Their choices will be severely limited. At work, our vending machines use dollar coins and the change machine will change 5, 10 and $20 bills into dollar coins. I always carry a few and spend them around town. In fact, our whole town is quite used to them. I don't ever get them in change, but they are in the coin drawers.
The whole paper dollar thing is political.
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Bedrock of the Community
13014 Posts |
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If I have my dates correct, the first dollar coin was introduced in 1792 and the first paper dollar was the large size note introduced in 1862. So was the government "forcing" Americans to use dollar coins for 70 years?
And when the government stopped production of the dollar coin from 1935 to 1970, was the government "forcing" us to use paper currency?
The first 70 years of our country, Americans used dollar coins. Grreenbacks didn't exist. So when I hear this silly paranoia about the government "forcing" us..... or "shoving it down our throats" I want to say to turn off right wing radio. Has nothing to do with right wing radio. By your analogy yes the government is forcing us to use their money because thats what they make. Thats not the point. The simple fact is the dollar coin has been tried and the public doesn't like it. That doesn't mean its not a good idea it means that there will have to be a forced switch if the dollar coin is going to happen. Given the choice people choose not to change their ways, if they wait for the public to accept and love dollar coins well have all electronic money before dollar coins |
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Bedrock of the Community
United States
17884 Posts |
Quote:The Presidential dollar series was a mistake, Only in that they didn't discontinue the dollar note. If they had done that there never would have been a storage problem. The government had the idea that since the changing designs were popular on the quarter, if they had a frequently changing design on the dollar coin it would become more popular as well. They never stopped to consider that it was popular and created demand for the quarters because people already USED quarters and they noticed the designs. Changing the designs on a coin that no one ever sees is not going to increase its popularity. I think the theory that people never accepted a dollar coin is a myth. During much of its early coinage economics conspired to ensure it would not circulate. And the 8 reales pieces didn't seem to have any problem circulating. So dollar coins circulated, just not ours. (Due to the weight and fineness there was an incentive to export the coin not circulate them.) From 1803 to 1840 they didn't make any so they couldn't circulate. During the 1840's they circulated. Who would take a paper dollar on some unknown questionable bank (Broken bank notes) that could very well be worthless if they could have a silver dollar instead. In the 1850's they stopped circulating again because they were now worth more as metal than as money. A shopper took a 4 cent loss on even coin he spent. In the 1860's ALL PM coinage disappeared. Then from the 1870's on we have had a paper currency that could be fairly well trusted and was fully redeemable in silver dollars on demand and the convenience factor of the paper won out. Paper circulated and dollar coins sat in vaults as backing. Quote:
The simple fact is the dollar coin has been tried and the public doesn't like it. And when the first Federal paper notes were tried the public didn't like them either. Quote:
That doesn't mean its not a good idea it means that there will have to be a forced switch if the dollar coin is going to happen. That was not they got them to accept the paper, made them legal tender and REQUIRED their acceptance. The people were not happy having to accept an unbacked currency but the coins were disappearing and they were given no choice, take paper or do without. |
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Replies: 38 / Views: 6,308 |
First Page
Posted 12/28/2012 4:07 pm
