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Dollar Coins A Turn-Off

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moxking's Avatar
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 Posted 10/20/2017  6:52 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
This subject is so old it should be in the ancients folder.
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Coinfrog's Avatar
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 Posted 10/20/2017  7:03 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Please.
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Conder101's Avatar
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 Posted 10/21/2017  08:08 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
I'm just wondering what it would take for Americans to fall in love with dollar coins again, like 100 years ago, when the Morgan dollar ruled.

100 years ago the Morgan was NOT a loved coin. People preferred paper then for the same reason they do today. Light weight. The only time people may have loved dollar coins would have been before 1862 or 1874, a time when paper money was either of questionable value (before 1862), or when the paper was worth less than the coin (before 1874). After 1874 when the paper traded at par withthe coin and we freely convertible to coin on demand, why carry the heavy coins.
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 Posted 10/21/2017  6:07 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
I'm just wondering what it would take for Americans to fall in love with dollar coins again

As a start not making them look the same size as a Quarter. Then not putting a pile of people on them. Just make them look like USA coins. Might not work but sure isn't working now.
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jbuck's Avatar
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 Posted 10/23/2017  1:47 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
This subject is so old it should be in the ancients folder.
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TheForce's Avatar
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 Posted 11/06/2017  11:20 pm  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply

Quote:
This subject is so old it should be in the ancients folder.


Nah! This is the age old debate that's still relevant...LOL!!
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jbuck's Avatar
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 Posted 11/07/2017  09:38 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Sadly, it will probably remain relevant in the US for a long, long time.
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SsuperDdave's Avatar
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 Posted 11/07/2017  10:07 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

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Sadly, it will probably remain relevant in the US for a long, long time.


Unlikely, IMO. There are few reading this post who will reach the natural end of their days before "cash" becomes purely digital. I believe it almost certain that I'll see it personally, and I'll be happy if I have twenty-five years left.
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jbuck's Avatar
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 Posted 11/07/2017  12:10 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
That is sort of what I meant. We will be de facto cashless before anything is done to change our money. We will continue to debate it until that end. I give it a generation or two at most.
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TheForce's Avatar
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 Posted 11/07/2017  12:52 pm  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
It's interesting that the US Mint / Legislators knew full well these dollar coins would never work unless they removed dollar bills from circulation. But yet they went ahead and issued these coins anyways. What is the rationale for that? I remember all the hype when the 2000 sacs came out. That would been a perfect time to really push these things while they were just still a novelty.
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SsuperDdave's Avatar
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 Posted 11/07/2017  1:22 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
It's interesting that the US Mint / Legislators knew full well these dollar coins would never work unless they removed dollar bills from circulation. But yet they went ahead and issued these coins anyways. What is the rationale for that? I remember all the hype when the 2000 sacs came out. That would been a perfect time to really push these things while they were just still a novelty


The motivations are purely political, like every Dollar coin issued after the Seated dollars (and even the later years of those, once silver was discovered in the West).
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jbuck's Avatar
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 Posted 11/07/2017  1:49 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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The motivations are purely political
Yup. What is in it for me?
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ljenkins990's Avatar
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 Posted 11/08/2017  5:18 pm  Show Profile   Bookmark this reply Add ljenkins990 to your friends list Get a Link to this Reply
I found myself in the lovely city of Victoria, BC, Canada in July and bought a few of these guys home with me to Texas. Saw a lot of them floating around up there, it didn't seem to be a problem. This is one area where I think we could really learn a lesson from our neighbors to the north. Our Native American designs are beautiful (but would be more so with the date/mm on the obverse) and I wish they circulated more (or at all, really). Down with paper! Up with coins!
Dollar-Coins-A-Turn-Off
Edited by ljenkins990
11/08/2017 5:19 pm
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jbuck's Avatar
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 Posted 11/08/2017  5:29 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I found myself in the lovely city of Victoria, BC, Canada in July and bought a few of these guys home with me to Texas. Saw a lot of them floating around up there, it didn't seem to be a problem. This is one area where I think we could really learn a lesson from our neighbors to the north. Our Native American designs are beautiful (but would be more so with the date/mm on the obverse) and I wish they circulated more (or at all, really). Down with paper! Up with coins!
Well said.
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