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"Usa Act" May Kill Penny, Nickel & $1 Bill

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Pillar of the Community
nalaberong's Avatar
Canada
2805 Posts
 Posted 08/01/2014  2:38 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply

Quote:
However, I dont necessarily want my government 'forcing' something onto us either. If the people dont want something, our government has no right to force it on us. They can do that crap in Britain and Canada all they want, but we live in a different governmental structure than those other countries. Our government has no right to force us to eat our vegetables if we dont want to eat them. If the people want dollar coins, so be it....but so far, the people in the US has said....no. And that is the way it should be.

Have people forgot that the government works for us....not the other way around? At least in the US of A.


Canada and the United Kingdom actually both score higher than the United States on the Economist's Democracy Index:

http://pages.eiu.com/rs/eiu2/images...dex-2012.pdf

And the government owns the U.S. Mint, so eliminating the penny actually is the government's decision to make.
Valued Member
jay799's Avatar
United States
156 Posts
 Posted 08/01/2014  2:40 pm  Show Profile   Bookmark this reply Add jay799 to your friends list Get a Link to this Reply
It's not 'working for us' if we the people oppose it and the government 'forces' it on us for our own good.

The government is not our parents.
Valued Member
jay799's Avatar
United States
156 Posts
 Posted 08/01/2014  2:42 pm  Show Profile   Bookmark this reply Add jay799 to your friends list Get a Link to this Reply
No the government does not own the US mint. We the people own the US mint.

The government operates it for us......the people.
Pillar of the Community
nalaberong's Avatar
Canada
2805 Posts
 Posted 08/01/2014  2:45 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
Yeah, but can you imagine a bunch of people taking up arms over the penny? It would be the worst civil war ever.

And, again, the U.S. Mint belongs to the government and not the people (it's a government agency!), so it's their right to do what they want with it. Apathy isn't a good enough reason to stop change - if you really don't want to see the penny go, mail your congressman or something. If there's no real support OR opposition, who cares?
Edited by nalaberong
08/01/2014 2:46 pm
Valued Member
jay799's Avatar
United States
156 Posts
 Posted 08/01/2014  2:59 pm  Show Profile   Bookmark this reply Add jay799 to your friends list Get a Link to this Reply
the us mint does not belong and is not owned by the government simply because it is a government agency.

Every bit of the government operates because we the people says it can.

That is the whole basis of the US Constitution. "We the people of the United States, in order to form a more perfect Union...."

The government has absolutely no authority or ownership or control over anything without our express say so. That is not to say that there will be riots in the streets and an overthrow of our government if they eradicate the Penny and the dollar bill.

But 'forcing' us to do something that the people dont want to do goes against everything this country was founded for. Whether it is 'good for us' or not.

Edited by jay799
08/01/2014 3:01 pm
Pillar of the Community
amida17's Avatar
United States
4897 Posts
 Posted 08/01/2014  3:38 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply

Quote:
But 'forcing' us to do something that the people dont want to do goes against everything this country was founded for. Whether it is 'good for us' or not.


Except we make these laws all the time....Seat Belt/Helmet laws, Gun Control, Speed limits, Selective Service, The Patriot Act..... ad infinitum.....
Edited by amida17
08/01/2014 3:39 pm
Pillar of the Community
ghostrider's Avatar
United States
1116 Posts
 Posted 08/01/2014  3:39 pm  Show Profile   Bookmark this reply Add ghostrider to your friends list Get a Link to this Reply
nalaberong it is not surprising (given the current state of the government that both the UK and Canada rank higher that the U.S. on the Economist's Democracy Index given the state of our leaders.
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jay799's Avatar
United States
156 Posts
 Posted 08/01/2014  4:11 pm  Show Profile   Bookmark this reply Add jay799 to your friends list Get a Link to this Reply

Quote:
Except we make these laws all the time....Seat Belt/Helmet laws, Gun Control, Speed limits, Selective Service, The Patriot Act..... ad infinitum.....


That doesn't make it right.

And many of those laws were done with the support of the American people, so they are not what we are talking about here.

As I said, if the public were demanding that the dollar bill be replaced with a dollar coin, the argument would be moot. We would be using dollar coins as they are already available, and dollar bills could stop being produced.

That is entirely different than 'forcing' the people to adopt a coin that they have all but turned their collective noses at, time and again, for whatever reasons.

And I saw earlier a question about if there was complaints about the removal of the Half Cent. Not really, but the American coin system was in a complete disarray back then. a good quarter or more of circulating coins were foreign made, and pricing was typically done on the Spanish real. With the coinage act of 1857 which did away with the Half Cent, it also did away with the legal tender status of foreign coins. Yet, retained the ability to cash in those foreign silver coins for the newly printed Flying Eagle cents. The money changers made money. The mint made money. And most importantly, the people were happy because they finally had a straightforward currency system. And the Flying Eagle cents flooded the market with coinage as the old foreign silver got redeemed for them. Of course, it was shortly after that when the civil war broke out and most coins were hoarded...but the removal of the Half Cent was the least of the worries of the typical American. Bottom line? It was a vastly different time in America.
Edited by jay799
08/01/2014 4:13 pm
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tkbslc's Avatar
United States
1158 Posts
 Posted 08/01/2014  4:13 pm  Show Profile   Bookmark this reply Add tkbslc to your friends list Get a Link to this Reply

Quote:
The government is not our parents.


Funny analogy given that you want them to keep minting very specific currency at a loss just to keep you happy. Complaining about what form and denominations your dollars and cents come in, reminds me of a kid crying at the ice cream store because they wanted a waffle cone not a sugar cone.





Valued Member
jay799's Avatar
United States
156 Posts
 Posted 08/01/2014  4:18 pm  Show Profile   Bookmark this reply Add jay799 to your friends list Get a Link to this Reply

Quote:
Funny analogy given that you want them to keep minting very specific currency at a loss just to keep you happy. Complaining about what form and denominations your dollars and cents come in, reminds me of a kid crying at the ice cream store because they wanted a waffle cone not a sugar cone.


arent you a friendly one? pfft.

As I said, if THE PEOPLE, not me, not you, not joe down the block...but the collective people wanted dollar coins instead of dollar bills, we would have them. Why? because they are already available. But THE PEOPLE dont want to use them.

I dont care if you think it is better for everyone else. You dont get to make that decision for me! Get off your high horse!!

Oh, but you will say 'but we have to force the people to do it', and I say the government does not get to force the people to do anything. When 'the people' want the dollar bill to go away, then it should. But not because you said so!

Pillar of the Community
cladking's Avatar
United States
2272 Posts
 Posted 08/01/2014  7:17 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply

Quote:
As I said, if THE PEOPLE, not me, not you, not joe down the block...but the collective people wanted dollar coins instead of dollar bills, we would have them. Why? because they are already available. But THE PEOPLE dont want to use them.


No! They are not available. I have never been given a new dollar in change and I've never gotten one at the bank. So long as the banks don't use them then they are not available. Until the FED forces them on the banks the banks won't use them. One of the many reasons the banks don't issue them is there's a big tray full of pennies in all the cash registers instead of a tray of dollar coins.

Kill the liability known as the penny and one of the impediments to dollar coin circulation vanishes.
Time don't fly, it bounds and leaps.
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nalaberong's Avatar
Canada
2805 Posts
 Posted 08/01/2014  8:23 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply

Quote:
And I saw earlier a question about if there was complaints about the removal of the Half Cent. Not really, but the American coin system was in a complete disarray back then. a good quarter or more of circulating coins were foreign made, and pricing was typically done on the Spanish real. With the coinage act of 1857 which did away with the Half Cent, it also did away with the legal tender status of foreign coins. Yet, retained the ability to cash in those foreign silver coins for the newly printed Flying Eagle cents. The money changers made money. The mint made money. And most importantly, the people were happy because they finally had a straightforward currency system. And the Flying Eagle cents flooded the market with coinage as the old foreign silver got redeemed for them. Of course, it was shortly after that when the civil war broke out and most coins were hoarded...but the removal of the Half Cent was the least of the worries of the typical American. Bottom line? It was a vastly different time in America.

Yes, but what right did they have to end the legal status of foreign coins? What if the people were just fine using the real alongside the dollar? What about the people who had lots of foreign coins saved up and got burned as the government profited from their misfortune? How could they do that without consent of the people?


Quote:
It was a vastly different time in America.

Yeah, because back in those days they actually DID have a circulating dollar coin.
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MeadowviewCollector's Avatar
United States
4409 Posts
 Posted 08/01/2014  8:53 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply

Quote:
Yeah, because back in those days they actually DID have a circulating dollar coin


Actually Seated dollars from 1840 to 1873 were held by banks as reserves few *actually* circulated among the people. Dollars were also exported to Asia for trade purposes.

Trade dollars on the other hand with their higher silver content was the U.S.'s attempt to compete with the Mexican/South American real in Asia.

The Morgan dollar was created to use silver from silver veins in Nevada and elsewhere. It wasn't needed, it was also at this time the BEP introduced Silver Certificates (denominations of $10 and up).

-MV
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jbuck's Avatar
United States
188952 Posts
 Posted 08/01/2014  9:08 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
i am still sure there is a viable way to make a 1-cent coin for less than 1 cent, or close enough that it wont matter too much..
I regret to inform you, there is not. The process alone cost more than a cent. I have said this 1,000 times... even with FREE material, it would still cost more than a cent! And where I come from, close does not count. You feel me?


Quote:
But 'forcing' us to do something that the people dont want to do goes against everything this country was founded for. Whether it is 'good for us' or not.
Well, they are already forcing me to do something that I do not want... they are using my tax dollars to make coins and dollar notes that waste my tax dollars.


Quote:
As I said, if the public were demanding that the dollar bill be replaced with a dollar coin, the argument would be moot.
I am demanding it. The DCA demands it. More than half of this community demands it.

Get it?


Quote:
Funny analogy given that you want them to keep minting very specific currency at a loss just to keep you happy. Complaining about what form and denominations your dollars and cents come in, reminds me of a kid crying at the ice cream store because they wanted a waffle cone not a sugar cone.
Pillar of the Community
tkbslc's Avatar
United States
1158 Posts
 Posted 08/02/2014  12:38 am  Show Profile   Bookmark this reply Add tkbslc to your friends list Get a Link to this Reply

Quote:

Oh, but you will say 'but we have to force the people to do it', and I say the government does not get to force the people to do anything. When 'the people' want the dollar bill to go away, then it should. But not because you said so!


The government will not be forcing you to do anything. You don't have to use dollar coins. Many people don't use cash at all.

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