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Over A Billion Dollar Coins Sitting In Gov. Vaults.

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CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 06/29/2011  9:43 pm  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
Oh, I just thought of another reason to dump dollar bills. Coins can be distinguished by feel which makes them more accessible to the vision impaired.
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JackB's Avatar
United States
1064 Posts
 Posted 06/29/2011  10:05 pm  Show Profile   Bookmark this reply Add JackB to your friends list Get a Link to this Reply
Right you are Captain! That's been in the news a lot lately, evidently we're one of the few countries that's not taken steps to remedy that. A very good point...
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CelticKnot's Avatar
United States
12834 Posts
 Posted 06/29/2011  11:33 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
Oooh, nice point. Seems like an easy and logical addition to the ADA. Would definitely force something.
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CelticKnot's Avatar
United States
12834 Posts
 Posted 06/29/2011  11:34 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
Well, not necessarily "easy".
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jpsned's Avatar
United States
2205 Posts
 Posted 06/30/2011  12:50 am  Show Profile   Bookmark this reply Add jpsned to your friends list Get a Link to this Reply
Well, I did my part today. I went to the bank and got all of the 18 dollar coins the teller had in her drawer (mostly Pres plus a couple SBAs). So far I've put half of them into circulation WHERE THEY BELONG!

(Sorta like throwing a fish back into the water--where it belongs--and have it swim happily away.)
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CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 06/30/2011  01:08 am  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
It'll be a movement! Order some dollars direct-ship from the mint. You pay face and no shipping and get nice BU rolls of dollar coins. You save the government money because they don't have to warehouse them. Spend them at all your cash transactions. Whenever you get dollar bills in change, take those back to the bank as part of the cash you use while roll hunting.
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Conder101's Avatar
United States
17884 Posts
 Posted 06/30/2011  12:03 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
You save the government money because they don't have to warehouse them.

Except the business where you spend them send them back to the bank and the bank sends them back to the Fed where they get warehoused. The Fed doesn't even order dollar coins from the mint except for the boxes requested by banks for each new President, yet their stockpile keeps increasing.
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CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 06/30/2011  12:20 pm  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
But if we're constantly making use of them, it means there are more in circulation, which is fewer sitting in warehouses. Sure, businesses take them back to the bank, which sends them back to the Fed, but if we're always getting more and using them while that happens.

Plus, if there are enough people spending them, business will get used to having them in their registers, and people will get used to seeing them, and maybe even accepting them in change. And the lady behind you in line might be curious about them, or complain about them, and that's an opportunity to explain why they're better, and why they save money, and are more accessible, etc.

Sure, it'll take more than the 8 people reading this thread, and it'll probably take the death of the dollar bill, but I'm impatient so I'll do my small part.
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Libertad's Avatar
Canada
3692 Posts
 Posted 06/30/2011  12:49 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
Can dollar bills carry infectious diseases?
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CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 06/30/2011  1:16 pm  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
Absolutely, dollar bills are filthy germ carriers. There was a Mythbusters episode about it. They tested a number of household objects and surfaces to see which were more germ infested than a toilet seat. Paper money came in at #2, only behind the filthy kitchen sponge.

Copper and silver alloy coins are antimicrobial and will self-disinfect within hours. There are studies going on right now about whether to replace stainless steel surfaces (which has no antimicrobial properties) with copper alloys which quickly kill nasty bugs like E. coli, influenza and MRSA.

Yet another reason to switch!
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Bizybackson's Avatar
United States
1817 Posts
 Posted 06/30/2011  7:47 pm  Show Profile   Bookmark this reply Add Bizybackson to your friends list Get a Link to this Reply
I do my part and order $250 direct ship each quarter, and spend them in small, under $5.00 transactions. No one has had a problem with them, and I spent my Abe Lincoln allotment in under a week, there were cashiers that traded me bills for coins because they like Abe. Now just waiting for the Grant coins to be made available.

I always thought these would have been great $20 coins with a half oz. of real metal, like silver.
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SilverRoosevelt's Avatar
United States
917 Posts
 Posted 06/30/2011  8:36 pm  Show Profile   Bookmark this reply Add SilverRoosevelt to your friends list Get a Link to this Reply
The current dollars are actually within half a millimeter in diameter to a $10 gold eagle, which had nearly half an ounce of gold in it.
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biggfredd's Avatar
United States
9104 Posts
 Posted 06/30/2011  11:43 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
Perhaps we could have a public redemption program where, for every dollar bill you turn in, you receive two dollar coins in return?

I'd be going door-to-door buying paper dollars.
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biggfredd's Avatar
United States
9104 Posts
 Posted 07/01/2011  12:57 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
Just imagining pennies the size of Ikes- OY!


I misread pennies...
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biggfredd's Avatar
United States
9104 Posts
 Posted 07/01/2011  01:27 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Just recently, http://moneyfactory.gov printed more $100 bills than $1s, for the first time ever.
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