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 Replies: 71 / Views: 7,741 |
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Pillar of the Community
United States
3402 Posts |
Circulate them, that's what they need to do. Get rid of the $1 and $2 bills and circulate the coins. Drop the cent and nickel also. We Americans are veryyyyyyyyy slow to change.
KK
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Bedrock of the Community
 United States
12477 Posts |
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Go read the law. Once they reached a president who had not been dead for two years it's done. The law explicitly says it would require an act of congress to resume. Agreed. If any of the living presidents were to pass away, it would take an act of Congress to issue their dollar coin. I must ask (as I have not read the law authorizing the Presidential dollar coins), did skipping Carter require an intervention by Congress to issue the Reagan coin? In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Moderator
 United States
188770 Posts |
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Circulate them, that's what they need to do. Get rid of the $1 and $2 bills and circulate the coins. Drop the cent and nickel also.  Quote:
We Americans are veryyyyyyyyy slow to change. Tell me about it.  Quote:I must ask (as I have not read the law authorizing the Presidential dollar coins), did skipping Carter require an intervention by Congress to issue the Reagan coin? No. The wording was vague enough to allow them to skip over any living president (or one who had not been deceased at least two years). |
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Bedrock of the Community
United States
17884 Posts |
Quote: The US has never been interested in dollar coins, which include Sac's, Prez, Suzy's, Ike's, Peace, and Morgan dollars. For any coins made before 1880 I have no personal knowledge of, so I'd have to ask my father. Spanish milled dollars circulated with no problem in the early US. Bust dollars didn't circulate because they were undervalued, the metal was worth more than face value. No US dollar coins were available from 1803 to 1840. From 1850 to 1876 The dollar coins were once again under valued with the metal value being as much as $1.08 so naturally they didn't circulate. After 1874 there was a sound fully exchangeable paper currency available which people would rather carry than the heavy coins. 1840 to 1850 is probably the only period when US dollar coins did circulate. They were in production, properly valued, and all the paper currency in circulation was of questionable value. There was no Federal paper currency at the time, instead it was made up of thousands of different designs issued by banks, railroads, and private companies. You had to subscribe to monthly publications to look up each note you had to see what the current discount was on it, or if it had any value at all. With paper money like that, dollar coins circulated. |
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Pillar of the Community
United States
2189 Posts |
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Every other nation has proved that if you want the coin to circulate, the paper equivalent needs to cease existing. We are not every other nation. |
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Valued Member
United States
314 Posts |
I actually like the Presidental Dollar, but only from a purely collectors standpoint.
However, I do agree that if they ever want a dollar coin to take-off, they need to stop producing the dollar bill!
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Pillar of the Community
United States
2208 Posts |
Unless the Mint finds a way to make people want to use dollar coins of any design, they will languish in vaults forever. I remember when the SBA dollar came out in 1979. People said that it would not work because it was so similar in size to the quarter. (This was exactly the complaint about the 20-cent piece--and we all know how quickly it came and went.) Nonsense, the Mint said: Because the SBA has an 11-sided (hendecagon) inner-perimeter rim, it won't feel like a quarter in your hand. Riiiiiight! I think the only way to have a successful dollar coin is to make one that looks like a real dollar coin: Big and hefty! (Hint: Ike, Morgan, Peace...) |
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Bedrock of the Community
United States
17884 Posts |
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We are not every other nation. No we're not, we are apparently much dumber than they are. We keep trying to circulate dollar coins while still making dollar notes, and we're failing miserably. We made the SBA, it failed. We made the Sac dollar, it failed. We made the NA dollars, they failed. We made the Presidential dollars, they failed. What was that definition of insanity again? Quote:
I think the only way to have a successful dollar coin is to make one that looks like a real dollar coin: Big and hefty! (Hint: Ike, Morgan, Peace...) Well we did that. Please explain why the Ike, Morgan, and Peace dollar failed. Edited by Conder101
03/15/2018 4:30 pm
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Moderator
United States
188770 Posts |
 Conder101 nailed it, as per usual.  |
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Pillar of the Community
United States
2189 Posts |
What is it about the dollar bill & the Lincoln cents you guys hate so much. I really don't have a clue about the subject.
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Pillar of the Community
United States
8715 Posts |
If the US wants to have a dollar bill or coin, they should stop the production of the other one. They should not produce both at the same time. Insanity is doing the same thing many times and expecting a different result. For example, the Ike dollar, SBA dollar, Sacagawea dollar, Presidential dollar. |
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Rest in Peace
United States
233 Posts |
The answer is as simple as counting the fingers on one hand.
The vast majority of cash register coin drawers have five trays for coins.
Penny, nickel, dime, quarter ... and the fifth tray is used for handy backup rolls of pennies, nickels, dimes, and quarters.
The only way you successfully introduce a dollar coin is to get rid of the penny.
Otherwise, there just ain't no place to put them.
Cheers,
/s/ ikeyPikey (who agrees that you also need to pull the dollar bills to make the dollar coins work)
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Pillar of the Community
United States
1373 Posts |
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Conder101 nailed it, as per usual. I agree also. It's great that this site still has some people old enough to remember life in the 1800's.  |
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Valued Member
United States
372 Posts |
I received my Order for the 2018 Sac / Jim Thorpe Dollar coin's about 2 weeks ago and the Philadelphia Mint was Crap and the Denver Mint was nice. I received you S Mint Rolls. The edge Design Printing was Great on Both Rolls I use a Stereo $$$ Microscope . No errors were found goldnugget
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Bedrock of the Community
United States
12477 Posts |
Quote:It's great that this site still has some people old enough to remember life in the 1800's.  Kidding aside, Conder's responses are spot on. In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Replies: 71 / Views: 7,741 |
First Page
Posted 03/14/2018 12:38 am
