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 Replies: 97 / Views: 11,238 |
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Pillar of the Community
United States
927 Posts |
Ok. This is great that we are all spending dollar coins at stores. I do it also. But how do we get the cashiers to give the ones we spend back out as change to the next person? They put them in the drawer and leave them there (I assume). To really get these to circulate, there has to be some incentive for the ordinary person to spend them instead of paper bills.
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Rest in Peace
United States
9104 Posts |
Quote:One of the reasons the 2000 promotion of the Sac dollar failed was that it was carried out by only one chain, Wal-mart, and it lasted only one month. More like ten minutes. They made a big deal about 100 million going out on the first wave. Divide that by 5000 stores, and you get 20,000 per store. If there are 200 employees per store and each gets a roll, that leaves 15,000 for ALL the customers. Some stores didn't have them on time. Stores that got them treated them as a special product in short supply (think first year x-box), limiting them to five per customer or making them available only at customer service, etc. A billion of them, available at every register and used as change, 100 per customer limit, might have worked, but all that stupid rollout accomplished was to reinforce the idea that these were special rare collector coins, a Mal-Wart exclusive, to be grabbed and hoarded and worth a lot of money some day. |
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Pillar of the Community
United States
917 Posts |
Once, at a gas station, they had a sign in front of the register that read "Need Singles Please." I happened to have a mixed roll of dollars on me, so I exchanged it for $25 from the register. I had to run because I was on a tight schedule, but I wouldn't be surprised if at least one coin got into the hands of the other customers.
Some cashiers, I've read, apologize if they have to hand out dollars, halves, or twos to customers, because they think the customer wouldn't like it or think they weren't receiving real money back.
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Bedrock of the Community
United States
17884 Posts |
No it lasted the whole month, at least I was able to get them all month long. They didn't just give them out to the employees So that is 20,000 coins or 800 rolls. It seems like they typically have four or fewer lanes open at a time so that's 200 rolls per register. In any case my point was they needed to KEEP doing it and not stop after a month. If they had done it for a year they would have put the entire annual production into circulation through that one chain (1.2 billion coins). As I said they did 16 times better than the Treasury dept did, and the Treasury considered Wal-mart a failure. Who are they to judge? |
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Pillar of the Community
United States
7840 Posts |
I did not appologize when I gave back halves, coin dollars or dueces (after I scanned them for goodies), and I don't recall anyone getting upset about getting them. A few strange looks or comments "I have not seen these for a long time", or something to that effect. I put eight Ike's and a Kennedy in the lunch collection bag (holding spot for chinese take-out day) today, and they were gone when I checked back about an hour later.  Edited by oih82w8
07/01/2011 1:59 pm
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Pillar of the Community
 United States
3499 Posts |
True story: A few weeks ago I bought a book at a used book shop, and when I paid in cash I noticed a few Presidential dollar coins in the register. As the clerk was pulling out one dollar bills which were to comprise my change I stated "Oh, you can just include the dollar coins as part of my change. Save the bills." She then just looked as me with a perplexed look in her face and said "hmm, I don't think that we are allowed to give those out as change." I too was then perplexed. |
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Valued Member
United States
162 Posts |
Quote:I have spent thousands of Presidential dollars with very little problems. However I have NEVER received one in change from a regular store. One time I paid with dollar coins and the cashier gave them to the very next person in line. That is the only time I have seen them given out though and I have spent a bunch. So I agree with you, people don't realize they are common. |
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Valued Member
United States
61 Posts |
The government has nobody to blame but themselves, there are dozens of things they could have done to avoid having that stockpile. I for one will continue to spend the dollar coins because they are convenient, but the government needs to do their part as well.
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Rest in Peace
United States
9104 Posts |
Ten second solution:
Every gubmint pork barrel project will be paid for in Brass Bucks.
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Bedrock of the Community
United States
17884 Posts |
Quote:
Ten second solution:
Every gubmint pork barrel project will be paid for in Brass Bucks. But we don't have that many, several times over. |
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Pillar of the Community
United States
1358 Posts |
^^ Well, at least it would end pork barrel spending because these coins are disliked so much! Lol! Edited by coinsearcher83
07/02/2011 12:40 pm
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Pillar of the Community
United States
2734 Posts |
I use modern Dollar coins all the time. Every vending machine I've used in the last few years in Denver takes $1 coins. Not to mention that Denver's parking meters take $1 coins, but not paper notes. My favorite use for Dollars is the car wash. Once you can drop one or two coins in instead of fumbling around with 4 or 8 Quarters, you'll never want to wash your car with Quarters again. On my road trip to Seattle, I took rolls of $1 coins with me. Every vending machine I encountered on the trip accepted $1 coins. However, the car wash I used in Boise, Idaho did not. And my car was covered with bugs. Nothing like having to plunk in 24 Quarters when six Dollar coins would have done the same job.  Edited by DNA
07/02/2011 3:29 pm
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Pillar of the Community
United States
2734 Posts |
Quote:
Every gubmint pork barrel project will be paid for in Brass Bucks. Could we even strike all those trillions of coins?    Edited by DNA
07/02/2011 3:26 pm
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Pillar of the Community
United States
917 Posts |
A company called The Danbury Mint ran ads on television about selling tubes of 12 Presidential dollars for about $35 each and stressed how "collectors are snatching each presidential coin as soon as they come out, that's why you don't see them in everyday circulation," which isn't completely true (More like few businesses give them out in change and not enough people are aware of them to insist on receiving them at the bank instead of dollar bills). Sure, there are people who collect the coins, and some who buy rolls of each president (Personally, I've bought one of each year of the Native American dollar series), but I think it's safe to say that there are few who hoard large quantities of these. As the coin dealer whom I visit frequently once said, "There's collecting coins as a hobby, and then there's hoarding them, and then never selling them or selling them at the wrong time." Also, I've seen this with some commercials for the State, Territory, and National Park quarters, but it's misleading when the commercial states "Collectors are paying upwards of $6 for one uncirculated Presidential dollar coin." Sure, in a high mint-state or with a satin finish, but not average uncirculated. https://www.danburymint.com/secure/...=dollarrollsEdited by SilverRoosevelt
07/02/2011 9:48 pm
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Pillar of the Community
United States
2734 Posts |
My local branch of Wells Fargo caters to collectors who buy BU rolls of Presidential dollars. The senior teller has a stockpile of D-Mint rolls from Washington to Grant. All of which are available for their $25 face value. I buy Dollar coins from cashier's drawers whenever I spot them (which is frequent, due to their ubiquitous use in the Denver Light Rail system), but the only place where I've received Dollar coins in change from a human cashier (without asking for them) is the Denver Mint Gift Shop. Edited by DNA
07/03/2011 3:38 pm
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Replies: 97 / Views: 11,238 |
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Posted 07/01/2011 02:23 am
