Campaign For $1 Coin Use Begins In Four US Cities - Page 4

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FreezerBurn Valued Member United States 135 Posts	Posted 09/05/2008 05:29 am The Supreme Court ruled the currency of the U.S. was discriminatory against the blind and visually impaired. What better reason to dump the paper dollar do we need? If you are against the dollar coin you must hate the handicapped? Even Ted Kennedy would have a hard time backing Crane when faced with this argument. It's perfect! Please note the 's ! Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 09/05/2008 08:50 am Quote: They may have a plan in effect to stop minting the dollar note in affect, but since there are so many already printed and in still good condition, they may be waiting for that optimal year to phase out the dollar note. The US Mint has NOTHING to do with currency or the continuation/discontinuation of the dollar bill. Currency is printed by the Bureau of Engraving and Printing(BEP) and both the Mint and BEP are under the Dept of Treasury but they are two separate entities. Of course, the Treasury cannot discontinue the dollar bill either- it would take legislative action by Congress. But yes, I agree with the premise that the dollar bill has to go the way of the dodo for a $1 coin to succeed. Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 09/05/2008 1:34 pm Quote: Of course, the Treasury cannot discontinue the dollar bill either- it would take legislative action by Congress. True, but if the Fed just stopped ordering them and ordered more twos, the BEP would stop printing them. There is no need to actually pass legislation. The Fed can satisfy all their orders with twos and dollar coins, they don't HAVE to order ones. Report this Post to the Staff
FreezerBurn Valued Member United States 135 Posts	Posted 09/05/2008 1:51 pm Quote: True, but if the Fed just stopped ordering them and ordered more twos, the BEP would stop printing them. There is no need to actually pass legislation. The Fed can satisfy all their orders with twos and dollar coins, they don't HAVE to order ones That would require initiative and boat-rocking. In the ensuing Congressional investigation someone could lose their job, face prison or worse, loss of their pension. It's best not to think outside the box in DC. Monsters lurk outside the box. Report this Post to the Staff
jbuck Moderator United States 188770 Posts	Posted 09/05/2008 1:59 pm Quote: True, but if the Fed just stopped ordering them and ordered more twos, the BEP would stop printing them. There is no need to actually pass legislation. The Fed can satisfy all their orders with twos and dollar coins, they don't HAVE to order ones. I had a similar idea for eliminating the cent; the mint stops making them in large numbers (possibly just enough for mint sets) and the Fed adjusts to the shortage. Maybe I had my chicken and egg reversed, but either entity could manipulate the situation if Congress has not set quotas. Quote: That would require initiative and boat-rocking. In the ensuing Congressional investigation someone could lose their job, face prison or worse, loss of their pension. It's best not to think outside the box in DC. Monsters lurk outside the box. Ah, but this is where a well-proven government tactic becomes useful... Are you familiar with the patsy? Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Silver Eagle Pillar of the Community United States 858 Posts	Posted 09/05/2008 11:50 pm Agree with all who feel the only way to successfully circulate the 'coin' is to eliminate the 'paper'. Now, if we could only get more of those halves to circulate, although then the silver ones would be much harder to come by. Report this Post to the Staff
jbuck Moderator United States 188770 Posts	Posted 09/06/2008 9:50 pm I fear that the only way the Half Dollar will circulate again is if we get rid of the Quarter! Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
neversuited1 Pillar of the Community United States 1121 Posts	Posted 09/07/2008 12:29 am Thank for the info biokemist6 Report this Post to the Staff
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