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 Replies: 58 / Views: 6,406 |
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Pillar of the Community
United States
917 Posts |
At the New York Auto Show, the Javits Center's vending machines give out dollar coins as change. They kind of have to; a soda costs $3.50 and other drinks, such as Vitamin Water or Snapple are either $3.75 or $4. The bill acceptors can take $1's, $5's, or $10's, necessitating dollar coins as change. On an unrelated note, when I picked up some loose dollar coins today, one of them turned out to be an '81-S Anthony. The first '81-dated SBA of any sort I've found in circulation in ten years. Edited by SilverRoosevelt
05/03/2011 8:04 pm
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Pillar of the Community
United States
592 Posts |
Got a 1979 P SBA in change today...as a quarter. I noticed it but thought it might be a ATB or something & didn't check it until I got home. Must be my lucky day!  |
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Valued Member
United States
63 Posts |
I'm a pizza delivery guy and I get them as tips all the time. I bring them home and put them in my pres $ folder if I need that one, if not, I spend them at gas stations.
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Rest in Peace
United States
9104 Posts |
Quote:
The funny thing is you get them in change from the soda machine but the snack machine won't take them. Not good for business if you ask me! LOL Two "funnier" things: The biggest reason most machines won't take them is the slot is too small. A few years ago, a more militant faction of mini dollar users carried chisels and hammers to repair machines with too-small slots. The second biggest reason is once the coin will physically go in the slot, the mech won't recognize them. You might think the operators can't afford thousands of dollars for new mechs, right? Nope. On virtually all machines sold since 1980, then only change needed is to throw an on/off switch on the mech. |
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Valued Member
United States
61 Posts |
Somebody paid me with a Washington Dollar Coin at my garage sale the other day and was quite surprised by that and gladly accepted it, but other than that I haven't seen anything other than the ones I spend. I have officially stopped spending $1 Bills now and have moved entirely to dollar coins. Been draining my supply of Abraham Lincolns and Andrew Johnsons in anticipation for Ulysses S Grant. I plan on stockpiling a lot of them so they last me awhile. Mainly because my name is Grant and I think it would be cool spending a coin with my name on it. |
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Valued Member
United States
260 Posts |
I have gotten one or two from a cashier after making a purchase. If many of them are in vaults do you think they will ever see the light of day? If the mint could would they recycle them and make more coins? The Prez dollars...so dissapointing.  |
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Pillar of the Community
United States
4778 Posts |
only gotten them once, 3 washingtons at a McDs when they were giving me my change and they happen to not have anymore $1 bills. This was 3 or 4 years ago.
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Valued Member
United States
284 Posts |
We may start seeing them appear if banking fees start being regulated. Debit card usage may go down if banks decide to charge customers for their use (i.e. no free checking accounts) and people may shift over to more cash transactions. Just a guess.
-- Boris
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Rest in Peace
United States
9104 Posts |
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If the mint could would they recycle them and make more coins? Nope. If the mint melts three dollar coins, they get enough material to make four quarters, a net bookkeeping loss of $2. They'll find some foreign country to send them to for currency first. |
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Bedrock of the Community
United States
17884 Posts |
I think he meant melting them and recycling them into more dollar coins so that the stockpile doesn't continue to grow.
Still wouldn't be worthwhile. You would start with X number of dollars that cost 12 cents apiece to make. Then have the expense of waffling them, shipping to the strip makers, the expense of melting, either refining or alloy adjustment, the expense of rolling new strip, shipping back to the mint, and finally blanking and creating new dollar coins out of them. And at the end you have X number of dollars that now have cost 28 cents to make. A few more cycles and you're going to wind up with X number of dollars that cost $1.10 each to make.
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Rest in Peace
United States
9104 Posts |
I don't see what the point would be of recycling them into new coins.
When the mint took 12¢ in material to make a brass buck, they showed a profit of 88¢. Turning that coin back into scrap will cause a loss of 88¢.
The only way it makes any sense would be to remove the sbas, and replace them with an equal number of brass bucks.
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Valued Member
United States
61 Posts |
If they were to pull the SBA I would have to find another coin to harass cashiers with. |
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Valued Member
United States
111 Posts |
Never got one in circulation nor spent one in my life. I do enjoy collecting them, though (a real shocker, huh?). Being a history buff, I just like getting them and learning about them. I just wish I could find an unc. Andrew Jackson, 'cause mine looks like it has actually been through circulation!
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Valued Member
United States
61 Posts |
Same here. When I go to the bank, I buy as many Presidential dollars as I can carry (A lot being loose ones) and of every president I have gotten, The andrew jackson dollars are the most tarnished and worn. |
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Valued Member
United States
61 Posts |
Perhaps I'm seeing more andrew jackson because the mint chose Grand Rapids MI as one of the 4 Pilot cities to campaign the dollar coin, and the Andrew Jackson dollar being the coin that they used to distribute. Makes Sense, maybe these coins are circulating after all, seeing as how Grand Rapids is roughly 2 hours away from where I live.
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Replies: 58 / Views: 6,406 |
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Posted 05/03/2011 8:10 pm
