When Will Presidential Dollars Be Considered Classic?

Electrons!

with a chocolate backed currency I will be doomed to stay in the poor house

There is a lot of room for semantical confusion here. I was about to state that we went off the gold standard in 1933 when the economy was shrinking, so that we could "grow" the economy, but dollars were still convertible to gold (by foreign nations) until 1971 via the Bretton-Woods Agreement, which was reached in 1944.

And some call the 1971 action by President Nixon as "closing the gold window" rather than "going off the gold standard".

Anyway, if the dollar was still pegged to the gold at $20.67 per ounce I could make the argument that the economy wouldn't have grown.

I guess I can also say that the economy hasn't really "grown", and that what we have instead are more dollars.

Cheese Louise, I think I'll have an easier time understanding quantum physics than trying to straighten this out.




Interesting choice of words...."on paper". I don't think you were intending a pun here either. On paper it is a better system, and it's ironic that the system is run "on paper".

Just my USD $0.02....

I think that the mint turns out way way too much of this crap. Heck they have enough quality control problems as it is with their USELESS one dollar coins. Wow, the Ike, then the SBA, then the sac, now these issues... bleh :p These Presidential dollars are just junk souvenirs that are legal tender.

Now heres my idea. We take all paper dollar notes out of circulation. We mint a coin, copper like the old cents, about the same size and dimensions as the late Gold dollars. Geez we could even recycle the design - and then problem solved, the BEP saves the government 18 million USD/year+.

Remember in Canada they had a huge backlash when they took 1$ notes away, the "loonies" were so popular that now the 2$ coins are minted too.

*ahem*.... Brass Quarter Eagle, anyone?

Bruce

I'm partial to 95% Aluminum with 5% Nickel as a strength additive. The 5% Nickel would provide a distinctive electronic metal 'signature' for vending machine use (to prevent the use of aluminum-only slugs).

We cold have anodized "golden" coins that would stay gold colored and not tarnish. We could also have other colors of coins. Denominations could in fact be color-coded. The light weight of the coins would also have obvious appeal for carrying in your pocket or purse.

I agree with you, but I was thinking of the "uniformed" people; the same people that cash-in their inherited or stolen collections. They would have no problem melting down those proofs.

I do believe you are correct in that the meltdown will raise the value of the survivors.

Eisenhower dollars are already classics, at least in my book they are!

Let us know what you find!