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Over A Billion Dollar Coins Sitting In Gov. Vaults.

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JackB's Avatar
United States
1064 Posts
 Posted 07/03/2011  4:26 pm  Show Profile   Bookmark this reply Add JackB to your friends list Get a Link to this Reply
I've never even seen one of the new-type dollars here in the Boston area, just an occasional Sacagawea that comes out of the change machine in one downtown parking garage. None of my friends or relatives know that there is even a dollar coin in existence, much less 'circulating'!
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captainkurt's Avatar
United States
1406 Posts
 Posted 07/03/2011  6:37 pm  Show Profile   Bookmark this reply Add captainkurt to your friends list Get a Link to this Reply
The dollar coin story seems to be repeating itself. Morgans were hated when released and they sat in vaults for 100 years. I wonder if 100 years from now people will be collecting varieties of President Dollar Coins.
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SilverRoosevelt's Avatar
United States
917 Posts
 Posted 07/03/2011  6:42 pm  Show Profile   Bookmark this reply Add SilverRoosevelt to your friends list Get a Link to this Reply
Heh, I was in Boston a couple of days ago and the ticket machines for the T dispense dollars as change. During my trip to the World's Fair of Money at the Hynes Convention Center last August, I got 15 of them in change from a 20 (a mix of SBA's, Sacagaweas, Presidential, and Native American dollars). On this trip, I deposited five SBA's into the machine to add value to my ticket.
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JackB's Avatar
United States
1064 Posts
 Posted 07/03/2011  7:05 pm  Show Profile   Bookmark this reply Add JackB to your friends list Get a Link to this Reply
I use those T (Mass Bay Transit Authority, MBTA) machines myself for the subway, but I add value with a credit card swipe, so I've never seen that change. I guess that makes me part of the problem...
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JackB's Avatar
United States
1064 Posts
 Posted 07/18/2011  6:20 pm  Show Profile   Bookmark this reply Add JackB to your friends list Get a Link to this Reply
This story made the national TV news last nite, pretty good video inside the vault they built specifically for these dollar coins...
http://www.msnbc.msn.com/id/3032619...ws/#43786718

They also talk with the legislator that created the program, and he admits they made a mistake.
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wulffy11's Avatar
United States
543 Posts
 Posted 07/18/2011  6:22 pm  Show Profile   Bookmark this reply Add wulffy11 to your friends list Get a Link to this Reply
I feel the mistake made was trying to have two different types of tender for the dollar.
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