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 Replies: 28 / Views: 3,230 |
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Pillar of the Community
United States
2200 Posts |
Spending dollar coins is a nice way to get them used and out there (as well as being fun), but I'm wondering how often they are given back in change?
Outside of getting them in change in vending machines, I don't think I've ever gotten any from a store in change. Seems a pity--we do all this work to get them out there, and then they just end up being put away someplace.
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Pillar of the Community
United States
1088 Posts |
I did get some back for change at a local IGA. The cashier said something like, "I am so sorry. I ran out of ones. Is it alright if I give you these 3 one dollar coins?" As if it was going to be a bad thing. I received one SBA and two washington dollar pieces |
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Bedrock of the Community
Australia
21786 Posts |
It seems that the only way to get Americans to use a one dollar base metal coin is to withdraw the one dollar paper note.
Can't be too hard, that has been the common policy in most other countries of the World.
In Australia the one dollar note had an average lifespan of 5 months. That is why it was replaced with a gold coloured aluminium bronze coin, which has a lifespan of more than 20 years. Coins are much cheaper to produce than notes in the long run, at this denomination level.
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Valued Member
United States
81 Posts |
I have yet to receive a Presidential dollar back in change. I did ask for a couple that I saw laying in a cash register at a gas station. I think cashiers might be hesitant to give them as change as most people aren't even sure what they are. |
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Pillar of the Community
United States
1088 Posts |
I agree kurtkurtles. I think the common person thinks that they are just used for collecting or commemortive
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Bedrock of the Community
13014 Posts |
Ill see them in registers sometimes, but unless you ask for them the vast majority of places just give bills as change instead
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Bedrock of the Community
Australia
21786 Posts |
stud722: If your theory is right, they should be issued in a definitive design for at least ten years, along with the compulsory withdrawal of the paper note.
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Pillar of the Community
United States
1088 Posts |
sel 69l, I understand what you are saying but I am talking about people like my parents, aunts, uncles, etc that do not collect coins. I have a few that have given them to me because they dont think they "spend the same". I know that a commemorative is defined by what you said but I was just saying that the non coin collector sees the $1 coins differently than us.
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Pillar of the Community
United States
4897 Posts |
Quote:
I think the common person thinks that they are just used for collecting or commemortive
With the lack of issue for circulation started last year I think this is how the mint sees them as well.... |
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Pillar of the Community
614 Posts |
Well I was talking to a friend about this, and he said the following. The only reason that Americans haven't switched to the coins yet is because of their mentality. A coin symbolizes change. You get coins when you need a fraction of something, when you need something small. For nearly all of American history, a dollar has symbolized value, even when it was still a coin. When we has silver dollars, it represented something. A hefty chunk of silver in your hand, gives you the idea that what your holding is worth something.
Same thing when we switched over to bills. The one dollar bill went in lieu with the 10, 20, 50, and 100 dollar bills, which all represent a significant amount of money.
Now however, the problem is to switch from something that looks like money, to something that looks like it will have chocolate inside of it if you open it up. The dollar coins just don't look right.
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Pillar of the Community
United States
1116 Posts |
At the current time we have circulating (?) or more properly available for circulation the following $1 coins: Eisenhower, Susan B Anthony, at least 3 different versions of the either the Sacajewa or Native American Coin, and at least over 20 different versions of the Presidential dollar (depending upon whose portrait is on the coin). Add to this head count the feeling the dollar coin may be to heavy to carry around. After all an ATB Quarter weighs in a 5.8g and both the Susan B and Presidential coins weight in a 8.1 g each. That's a huge weight difference. Can you imagine the weightiness of the old Eisenhower, Morgan, or Peace dollars? Those old cartwheels had some heft to them especially the later ones. The was some confusion when the Susan B's first came out that's why the gold colored N.A. and Presidential coins. That shouldn't cause any more confusion except for the addled. If we recall all the dollar bills that just means that the Bureau of Engraving can spend more time printing larger denomination bills and leave the lesser value items to the perview of the U.S. Mint. In all honesty, the confusion over the dollar coin lies with the monetary bills that are Congress passes requiring all these dollar coins and cosmetic changes. And I'm not even talking about either the ASE's or Commerative dollars and half dollars that the mint puts out. I really don't see some dumb American to spend an ASE that they spend $30 dollars for in order to obtain a loaf of bread. This is a political decision that will never be made by Congress because they consider it as much of a hot potato as anything else they're doing. |
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Bedrock of the Community
13014 Posts |
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the problem is to switch from something that looks like money, to something that looks like it will have chocolate inside of it if you open it up. You hit it on the head people wont change their ways unless theyre forced to taking the bills away. Humans are creatures of habit. Good point too about it looking like the chocolate coins, the gold really wasnt a good idea for the color and I like the idea of the series. |
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Pillar of the Community
United States
621 Posts |
from working in a retail position and being in that situation for me its because some people might not like it and be considered inconvenient to get a dollar coin instead of a dollar bill. some people will give you dirty looks after if you do, I've seen it myself. I like them anyway so now every one I see goes in my collection after I buy it from the register.
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Pillar of the Community
Russian Federation
5172 Posts |
Not exactly on-topic, but still...
In October 2009, the Russian mint had introduced new monometallic 10-rouble coins (previous bimetallic ones had been issued as commemoratives since 2000, and occasionally appeared in circulation), and correspondingly stopped to produce the 10-rouble banknotes.
Now, over three years later, the coins might be more common, but the banknotes still appear quite often; and for that matter, I've heard that sometime in the first half of 2012 a bunch of new 10-rouble banknotes had to be printed because there was a shortage of the coins! Not exactly sure about that one though (and really have no way to check).
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Pillar of the Community
United States
2661 Posts |
I get them all the time from the store down the road from my house. That is the only place I get back in change other than the post office. I have 2 rolls and a partial stack on my desk that I have received in change from there over the last month or so that will go to the bank as soon as I complete the 3rd roll.
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Valued Member
United States
410 Posts |
I haven't received a dollar coin in change since Wal-mart stopped using them back in 2000. I get a roll of dollar coins to spend about every other month. Most cashiers have never seen one, many go and ask their manager if they can accept them. Reminds me of when I used a roll of half dollars to pay for a pizza once. The cashier went to ask her manager about them and he came up and told me they would accept them this time only! |
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Replies: 28 / Views: 3,230 |
Posted 01/11/2013 10:47 pm
