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Future Of The Sbd (Susan B. Dollar)

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jbuck's Avatar
United States
189767 Posts
 Posted 12/18/2013  10:12 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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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Conder101's Avatar
United States
17884 Posts
 Posted 12/18/2013  10:25 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
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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jbuck's Avatar
United States
189767 Posts
 Posted 12/18/2013  11:06 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
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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DoubleEagle20's Avatar
United States
1750 Posts
 Posted 12/18/2013  8:30 pm  Show Profile   Bookmark this reply Add DoubleEagle20 to your friends list Get a Link to this Reply
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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bugo's Avatar
United States
223 Posts
 Posted 12/18/2013  8:34 pm  Show Profile   Bookmark this reply Add bugo to your friends list Get a Link to this Reply
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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DoubleEagle20's Avatar
United States
1750 Posts
 Posted 12/18/2013  11:01 pm  Show Profile   Bookmark this reply Add DoubleEagle20 to your friends list Get a Link to this Reply
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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billymac11's Avatar
United States
613 Posts
 Posted 12/19/2013  11:36 am  Show Profile   Bookmark this reply Add billymac11 to your friends list Get a Link to this Reply
Can't see why'd they bother...
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jbuck's Avatar
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189767 Posts
 Posted 12/19/2013  1:48 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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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bugo's Avatar
United States
223 Posts
 Posted 12/19/2013  2:56 pm  Show Profile   Bookmark this reply Add bugo to your friends list Get a Link to this Reply
Because I'd been shopping all day?
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jbuck's Avatar
United States
189767 Posts
 Posted 12/19/2013  3:49 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
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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