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 Replies: 11 / Views: 3,256 |
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Valued Member
United States
382 Posts |
I was thinking...if they start minting 4 to 5 Presidential dollar coins per year to replace the SAC's in 2006, how many would they mint? Over 1.2 billion SAC's were released in 2000 (P & D's) followed by 133 million P & D's in 2001. Since nobody likes the dollar coin, going forward, the mint ends up minting dollar coins for us collectors to the tune of 6 to 7 million coins per year for 2002 to present. Now I for one like the golden dollar reverse and color, but wish they went with some of the concept dollar designs for the obverse...like this one, my favorite: http://home.earthlink.net/~smalldol.../2000ml.htmlIf they REALLY wanted the dollar coin to be successful, they should drop the paper one dollar bill (sorry George) since a paper $1 lasts only 16 months and cost US tax payers around $500 million per year to engrave and produce! Coins would save us taxpayers a bunch since we all know how long coins last. Heck, they did it in Canada and Europe. People balked at first but soon found that between all of the debit and credit cards being used, it shortly became no big deal. Take me. I travel and sometimes need my Diet Pepsi fix. What happens? I hit the vending machine and my paper dollar gets "spit" back at me. Even some ironing boards don't fix a wrinkled dollar. So I curse under my breath and go through caffiene withdrawals! So much for lobbying for dollar coins in lieu of paper $1 bills. Back to my question. 5 Presidential dollar coins minted in both Philly and Denver (also proof sets in San Francisco). If they make 1.2 billion dollars divided by 5 Presidents EVERY year, bankers will scream! Even if they made 100 million dollar coins per year with paper dollar bills floating about, that still will be too much if they are NOT used. Also, I can see the Presidential design on the reverse, so what should be the common obverse? We can't have a two headed coin, can we? State Quarters have been successful, but at least George still appears on the obverse! OK, I will stop thinking now, so I would like to hear your thoughts. Edited by zakgold
02/08/2005 12:59 pm
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Pillar of the Community
United States
2724 Posts |
The only real issue that will never see us ridding ourselves of paper dollars is a lack of guts on behalf of our elected leaders. Just look through the hundreds of new bills written each year. All have been written and rewritten and rewritten again. We have thousands of laws governing the same thing.
A new one passed in 2004 stating that teenagers have to wear their seatbelts. Now DE passed the seatbelt law in the mid 80's, but one of the local brain surgeons elected decided that somehow requiring all passengers and driver to wear a seatbelt somehow left out teenagers. I guess that they were neither driving nor riding in their cars. Maybe it was all an illusion......
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Pillar Of The Community
3147 Posts |
First I would like to say "Who says we don't like the dollar coin?" People in this area are still requesting Sackies and people in this area WOULD use them regularly IF they could get them. You can believe all the media bull you want but I can tell you, at least in this area, IT IS THE BANKS THAT DON'T LIKE THE DOLLAR COIN!!! They refuse to call them out as they are labor intensive, they consume time, they are heavy, they must be counted at the end of each day, they take up storage space and they ARE IN DEMAND. I have even offered to pay in advance for Sackies and the main office will not honor those requests. They are afraid they will get them back. The media can cry all they want with the false story about Americans not wanting to use the coin but I know better. I usually carry at least 3 to 4 dollars worth of quarters for vending machines every day and I don't have a problem cutting that number down to 4 sackies. Less weight in my pocket and less noise banging against my car keys. Now I still hear the reports that folks can't tell them from a quarter? My answer to that would be how in the heck does someone that color blind seperate there currency as they are all the same darn size and they don't even have a difference in edges either. The sackie is smooth and the quarter is reeded for our sight impaired individuals in this country. The sackie would be a blessing IF WE COULD JUST GET THE DARN THING! All the fault in the matter falls on our banking industry who, if they have there way, will eliminate coins/currency, and go to plastic and online transactions altogether! They would do it in a heartbeat!
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Pillar Of The Community
3147 Posts |
Guess I forgot to point out that I am ABSOLUTELY, WITH OUT A DOUBT FIRMLY AGAINST THE Presidential dollar SERIES AND THE GOLDEN SPOUSE SERIES! This is not about using the dollar it is about the MINT making money off of collectors and I don't care who you put on the dollar that WILL NOT make the banks call them out. This is all a big joke and if our congressmen really listened or cared what we, the collectors and we the Americans actually wanted, they would already know we are sick of dead presidents on our coinage. It is time to move on and use our coinage, which is collected all over the world, as little billboards, showing what this great country has to offer! |
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Valued Member
 United States
382 Posts |
Look, I like the dollar coin. Could they have had a better obverse design than SAC carrying her kid? Sure they could of...but they went the PC way. But then again, this is a coin forum and the majority here will probably take a dollar coin over $1 paper anyday. The mint numbers fell off after the second year because most people don't like dollar coins. Go ahead and ask non-numismatics if they would rather use a paper $1 bill or coin (not both) and paper will win out about 80% of the time (I am guesstimating, but I bet I am close!) The public, as a whole, appears not to value dollar coins as we do. With that said, you are right...the US Mint is going to try to slam the public with these presidential coins. They figure that since the State Quarter program went over well, so let's do it with dollar coins. If we can make more money, that will be great! I, for one, dread the thought of some of our worst presidents gracing American coins. Coins should demonstrate liberty, majesty and freedom. Putting the likes of Calvin Coolidge or Rutherford B. Hayes on our dollar will not communicate that message. Putting their spouses on gold or silver is the most insane idea I ever heard for American coins. |
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Pillar Of The Community
3147 Posts |
Well put Zakgold! It seems for the most part we are on the same team except for the fact I believe most Americans would use the dollar coin if they could get it. I find it ironic that my bank tellers ask me to get Sackies for them? How strange is that? And, when I do locate a roll or two they don't last a day and my tellers are asking for more? What does that tell you?
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Rest in Peace
United States
954 Posts |
Don't know what to say Zakgold. If your running for Anythingyou got my vote...!
catman
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Valued Member
United States
382 Posts |
I'll promise to be good and honor the forum rules. Don't need to RED MARKED because I voiced an opinion. I got just that from the "other side" because I listed some "dead" presidents that had no business (my opinion) on any potential dollar coin(s).
Edited by zakgold
02/08/2005 10:45 pm
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Pillar of the Community
United States
2724 Posts |
Here we go:
Zachary Taylor (5 whole days)
Now who deserves a presidential coin more than a man that serve 5 days?
I am sure that all could come up with men who they believe should or should not deserve the honor, but let us remember that George Washington and our first congress knew that it was no honor being placed on a coin.
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Pillar Of The Community
3147 Posts |
I could think of quite a few good old boys that paid with their lives to tame the west and then those who were quite notorious enough to require the those mentioned earlier that, like it or not, played a major role in the making of this country. NOW that would be a great commemorative series or a new golden dollar. We would see posts such as "I will trade you Wyatt Earp for Davey Crockett and an Annie Oakely for Daniel Boone? What do you say?"
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Pillar of the Community
United States
2724 Posts |
I would love to see the Mint create an educational commemorative series. Even if that were a circulating series.
A few good themes.
Signers of the Declaration of Independence.
Other important founding fathers.
Civil War generals (north and south) Remember that they were all Americans standing up for what they believed whether right or wrong.
Major Western Hereos.
National Parks
National Monuments
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Valued Member
United States
382 Posts |
Commemorative coins do just that...commemorate and have a purpose in numismatics. Actual coinage is another matter. IF anybody deserves to grace our coins, it is our founding fathers. As Nicholas Cage's character stated in the movie National Treasure, "Here's to treason...after all, the 55 men that signed the Declaration of Independence were committing the highest of crimes against England."
Lincoln cents broke the mold as they celebrated what would be his 100th Birthday and historically, you can make a case for Abe. But as ND stated, our founding fathers knew it was NO honor for an actual person to grace our coins.
Maybe people like Rep. Castle and others need a history lesson. Go get 'em ND!
Edited by zakgold
02/09/2005 08:35 am
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Replies: 11 / Views: 3,256 |
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Posted 02/08/2005 6:27 pm
