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I Wish We Could Go Back To This...

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jbuck's Avatar
United States
188924 Posts
 Posted 03/06/2017  10:55 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:

Quote:
It makes no sense to do a new design program with the dollar coin unless it goes back to circulating status, because the large seigniorage profits are no longer there
Actually it is still there. Unlike paper currency, they count the seigniorage on the coins as soon as they are delivered by the coiner even if they still just sit in the mint vaults.
Ah, I did not know that.

However, I did say large seigniorage profits (they had when they were minted for circulation).
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jbuck's Avatar
United States
188924 Posts
 Posted 03/06/2017  10:58 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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I would really love to know what is in store for those dollar coins that are sitting in government vaults? It seems so senseless minting coins that aren't going to be used. Maybe they should be shipped out to the US territories for use there.
They are sitting there. Waiting to leap into action when we finally kill off the one dollar note.

By the way, they have not been minted for circulation since 2012. What is being minted is for sale to collectors.
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TheForce's Avatar
United States
4870 Posts
 Posted 03/06/2017  11:03 am  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
If the dollar note goes away, it would seem odd having old dated new dollar coins in circulation. Depending how they're stored they are probably an ugly brown by now anyways.
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jbuck's Avatar
United States
188924 Posts
 Posted 03/06/2017  3:13 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Not really. I doubt anyone would notice, especially with the date on the edge.
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oriole's Avatar
Canada
5246 Posts
 Posted 03/06/2017  3:42 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
Well, ladies and gentlemen, as good as the "good old days" were, there is no turning the clock back. Just enjoy the coins as long as there are some. Move forward, and just collect whatever in this huge collecting universe interests you. There is obviously something or you would not be in this forum.
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jbuck's Avatar
United States
188924 Posts
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jwm74's Avatar
United States
68 Posts
 Posted 03/06/2017  6:45 pm  Show Profile   Bookmark this reply Add jwm74 to your friends list Get a Link to this Reply
I love coin collecting and actually have enjoyed the extra varieties of cents,
nickels, quarters and dollars (although the changing number of coins each year
since 1999 has made my plans for a year by year proof/mint set collection
more difficult).

My real worry is that the use of debit/credit cards for everyday purchases
(and I am guilty of this) has reduced use of actual currency/coin to the point
they become obsolete. So for the time being, I will revel in all the coins I can obtain.

And, I see them as little pieces of art.
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CrusaderVW's Avatar
United States
109 Posts
 Posted 03/06/2017  6:56 pm  Show Profile   Bookmark this reply Add CrusaderVW to your friends list Get a Link to this Reply
At this point, it seems like the Mint is turning coin collecting into a novelty scheme. Looking at old special coins they'd make, like the Pilgrim Half, my personal favorite that I've yet to get a hold of, all had a serious and historical vibe. It seems like they'll just slap any design on a coin and make a small fortune off them now.
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