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 Replies: 39 / Views: 6,270 |
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Pillar of the Community
United States
1116 Posts |
I still feel that when an item has been around almost 100 years it is time to come up with some fresh ideas. At that age they are indeed legends regardless of what is printed on either their head's or tail's. What we have is a tried and true coin whose legend needs to be permanently retired and something fresh being presented to the populace. Art and history do have their place but not at the expense of format. I do agree that when you try to do too many things nothing is done to please anyone at all. When Roosevelt was decided that the U.S. money was boring he did something about it and the preceeding issues were not as old as what we are getting excited about every come January 1 when we have a clean coin to put in our albums. I personally think that the Walking Liberty half design is absolutely pleasing to the eye but I don't think neither it nor Seated Liberty, nor the Indian Head designs should be repeated out of nostagal or some other misplaced sense of loyalty. Coins should present to the world what we are and not honoring long dead citizens who are even aware of the honor. That's why I enjoy the reverse designs on the ATB but the obverse should be changed. Even the romans took the faces of their emperors of the coins after they were disposed of, yet we keep ours around forever. England and their commonwealth will be changing their obverses once Queen Elizabeth is no longer in charge and her likeness will not be restruck on their coins again unless there is a commerative coin struck. But I don't think we should be putting a living president on our coins because some may say that it is electioneering at tax payer expense. Overall we have to many coins being minted that are not intended for circulation but are legal tender that will be used. There are many ways to interpret Lady Liberty or Eagle. Perhaps we should rename the National Bird to honor the Turkey (As Ben Franklin initially wanted). But let's do something real and substantive for a change and not in piecemeal. |
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Pillar of the Community
United States
1116 Posts |
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It was a change, but can you imagine how boring it was to have the dime, quarter and half all sharing the exact same design? Before the Barber design was selected we had the Seated Liberty on our coins for the preceeding 50 years. Boring or not was an interesting design whose time was past and the era of Barber was introduced. Our present lineup needs revision badly but attractively. The same arguments could be used on our currency which now looks like Monopoly money but that is subject for another time and forum. |
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Pillar of the Community
United States
1132 Posts |
If Liberty evolved to reflect a modern depiction & we suddenly saw an image of her with tomahawk cruise missiles instead of a shield & arrows, I could only imagine the backlash we'd see on this forum!  Edited by CopperCastle
10/23/2014 10:58 pm
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Pillar of the Community
United States
1158 Posts |
Well talk of revamping the coin designs should certainly include scrapping useless denominations as well. That always turns into a heated debate for some, though.
If I'm president, I'm scrapping pennies, nickels, quarters and 1 and 5 dollar bills. I'll issue new 50 cent pieces, dimes and 1 and 2 dollar coins. Prices round to the nearest dime. Change can be made with 9 coins or less.
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Pillar of the Community
United States
4869 Posts |
I wouldn't go that far...I would just scrap pennies altogether. They are a useless coin, nobody wants them...so much so customers give you a change combination just to avoid getting pennies back. People leave them behind or I see them on the floor. A lot of countries dropped the cent and they didn't fall off the map.
But the real question remains...what is to be done with the stockpile of dollar coins sitting in government vaults? Why keep making them when there are billions of these things? What purpose does that serve? There are probably enough stockpiles to last several years.
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Bedrock of the Community
United States
20753 Posts |
You know that regardless of if you like, dislike, hate or love the designs the Mint puts on coins is not to important to them. As long as someone buys that stuff, that is all they care about.
Someone I used to know that was a Used Car Salesman said I don't care what you say about my cloths, my cars, my prices, as long as someone buys them.
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Bedrock of the Community
United States
17884 Posts |
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None of the earlier coins has any production run that has lasted as our modern circulating coins. Some came close, the Seated quarter was pretty much the same for 53 years, the seated half for 52, the Liberty head quarter, half eagle, and eagle for 67, 69, and 69 years respectively. Those long runs were why the coinage act of 1890 allowed the Sec of the Treasury to change the designs without congressional approval after 25 years. And it is why the Barber coins and the Buffalo nickel only lasted for 25 years, and if it hadn't been for WWII the Mercury dime and Walking Liberty half would have ended in 1941. At the time they had misinterpreted the law to take the 25 year change to be MANDATORY instead of permitted. Edited by Conder101
10/24/2014 11:51 am
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Pillar of the Community
United States
1158 Posts |
Quote:
But the real question remains...what is to be done with the stockpile of dollar coins sitting in government vaults? Why keep making them when there are billions of these things? What purpose does that serve? There are probably enough stockpiles to last several years. They already have over a decade of stock based on current demand and they are continuing to mint NFC only to finish out the series of all presidents. This article was from 2011 and at that point they already had 1.4 billion surplus $1 coins: http://www.treasury.gov/connect/blo...Dollars.aspxAs for what to do with them, you stop printing $1 bills and then people will need them for change and demand will increase dramatically. The whole point of making these again was the hope that $1 bills would be replaced, but it's going to take more encouragement. We are wasting money with fragile $1 bills that cost us money when we have already minted enough $1 coins for a long time (that last for decades in circulation) |
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New Member
United States
28 Posts |
While I don't have much to add to this discussion, I must say that I look forward to a completely new issue (of any denomination) sometime in my lifetime.
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Pillar of the Community
United States
1116 Posts |
Quote:
While I don't have much to add to this discussion, I must say that I look forward to a completely new issue (of any denomination) sometime in my lifetime. I'm afraid that this won't happen in any of our lifetimes because Congress can't get its act together and even on a new janitor for their chambers and the Secretary of the Treasury doesn't even aware, comprehend, or understand the meaning of the coinage act of 1890 that Conder101 mentioned. So we're stuck with what we have. So we keep adding pages to our albums and pretty soon they'll be a big or bigger than either the New York, Chicago, or Los Angeles combined phone directories. Onward and upward gentlemen and women. The Kennedy half dollar album can be used right now to strengthen our muscles. I'm not sure which is heavier the Kennedy or ASE albums. |
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Moderator
 United States
188770 Posts |
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As for what to do with them, you stop printing $1 bills and then people will need them for change and demand will increase dramatically. The whole point of making these again was the hope that $1 bills would be replaced, but it's going to take more encouragement. We are wasting money with fragile $1 bills that cost us money when we have already minted enough $1 coins for a long time (that last for decades in circulation)  |
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Pillar of the Community
United States
1109 Posts |
Quote:
If Liberty evolved to reflect a modern depiction & we suddenly saw an image of her with tomahawk cruise missiles instead of a shield & arrows, I could only imagine the backlash we'd see on this forum! When I first started reading this, for whatever reason, I thought it was going to suggest an image of Liberty walking around in a bikini or something. I could imagine the backlash of THAT too! Then again, maybe that would sell? It'd be original! |
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Pillar of the Community
United States
3789 Posts |
I did like these for a longggggggggggggggg time. I was a long time collector of them and big time supporter. Then I pulled out a ton of coins and started looking at what I had, and I said, "god its always the same..." and thats what suddenly changed my stance.
then recently, I got sick of them and have moved on. I find very very very little I like from the US Mint anymore....
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Pillar of the Community
United States
1704 Posts |
When the Mint decided to produce a silver and gold bullion coin the reason they chose the Walking Liberty half dollar and the St. Gaudens twenty dollar gold designs is because they were and still are two of the most popular coin series' of coin collectors. They wanted designs they knew would sell and collectors responded accordingly, they bought and are still buying millions of them. So when something "ain't broke don't fix it." The same adage applies to our circulating coinage since the Mint believes that if they change one side then that is enough of a change and why the obverses will probably not change in the foreseeable future. |
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Pillar of the Community
United States
1659 Posts |
The 'old' designs were to legitimize the novelty bullion in the eyes of collectors.
IMO, YMMV.
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Posted 10/23/2014 9:04 pm
