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 Replies: 33 / Views: 4,938 |
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Pillar of the Community
United States
4867 Posts |
I have been reading that the prez dollar coin series will end with Ford in 2016. That said, it's no secret that I despise this series for a multitude of reasons. I will be glad when is has concluded. These coins are such a waste sitting in government vaults and not being circulated. What does the government plan to do with them once the series has ended? Since there is NO demand for dollar coins in commerce I feel the series should have been canned. It has been a big government flop as far as I'm concerned. Don't get me wrong, I am for the use of dollar coins (although these ones are ugly to me) but let's face it, Washington can't get it done.
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Bedrock of the Community
13014 Posts |
They'll sit in the vaults and be used as needed like the sbas and half dollars
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Pillar of the Community
United States
997 Posts |
Canada had the right idea: Eliminate the paper dollar and force the issue. I also think the flat edges improve the coin by making it easier to find in the pocket.
As for design, anything is better than the game token types we have now.
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Moderator
 United States
187862 Posts |
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Eliminate the paper dollar and force the issue. Ding - Ding - Ding!  The failure is not the coin, but the continued printing of the one dollar note. Kill the note, the coins circulate.  |
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Valued Member
United States
256 Posts |
That's easy for us to say as coin collectors :)
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Pillar of the Community
1325 Posts |
I collect paper notes as well, nothing really impressive, but I am all for removing the $1 bill as it has a lifetime of 18 months, whereas coins have a lifetime of 50 years.
Also getting new $1 you could spend 6 when you only want to spend 2 because how bad they are about sticking together. Coins will ALWAYS come apart unless glued and quicker to count than bills.
BEP and Mint can thumb-wrestle for the $1 denomination, and the winner gets to keep production rights!
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Pillar of the Community
United States
1748 Posts |
The compromise between the Mint and BEP should be a $1 coin and a $2 bill. The BEP will have to print billions of them.
Edited by DoubleEagle20
03/22/2014 7:50 pm
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Pillar of the Community
United States
927 Posts |
The BEP can keep busy printing all the $100 bills that every other country wants. Although I like the $2 bill (and despise the $1 bill) I feel that a $2 coin should also be produced. Heck, I would be fine with a $5 and $10 coin as well. Everyone's pockets can jingle again!
Ok, enough fantasy. Our elected officials will never do the right thing anyway.
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Moderator
United States
187862 Posts |
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Heck, I would be fine with a $5 and $10 coin as well. Everyone's pockets can jingle again! I am not sure if that would be best for the country as a whole, but I would not complain!  |
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Pillar of the Community
Canada
3692 Posts |
They should've just stuck with George Washington, enlarge the coin to make it noticeable, give it an alloy that doesn't rust, and make that the standard. How many people actually know every face of every dead president - a minority I would guess.
Question: why wouldn't Ronald Reagan have his own coin? Not long enough time has passed?
Edited by Libertad
03/24/2014 2:57 pm
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Moderator
United States
187862 Posts |
Carter is still alive. The question is whether or not they can skip Carter to issue Reagan. The legislation is ambiguous. https://goccf.com/t/164233 |
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Pillar of the Community
United States
1007 Posts |
I'm glad the Presidential dollar program is ending. There have been WAY too many coins to get each year. Hopefully they'll just mint the Native American dollars for collectors and leave it at that. Also, they should have never started the ATB series.... should have stopped with the end of the 50 State series. Please mint.... we're burned out with all the commemoratives. |
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Bedrock of the Community
United States
11951 Posts |
Seems like we are only on Harding. Unless I am counting wrong we still will be seeing new Presidential dollars until mid 2016. To me two years is not ending soon. The question about one cents and one dollar coins seems to come up a lot. As someone posted, it is no surprise coin collector would want to see the dollar coin in circulation. I do like the idea of having a dollar coin, but don't see it happening. I think many don't look at the other side. A dollar coin weighs 8 times what a dollar bill does. The cost of shipping dollar coins all over the country would quickly eat up the cost of the manufacture savings. That is my opinion .. but I am sure I read it somewhere. |
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Pillar of the Community
708 Posts |
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The failure is not the coin, but the continued printing of the one dollar note. Kill the note, the coins circulate. Only kill the $1 bill only if the if we kill the cent too, and get the $2 bill circulating in the $1 bill's place, and get a redesigned, penny-sized nonagonal-shaped half circulating in the cent's place.  |
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Pillar of the Community
United States
655 Posts |
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Eliminate the paper dollar and force the issue. Oh no, that can't happen. Can you imagine what Fox News is going to do with that? "Obama stole our dollars, this proves he hates America!" And the MSNBC comeback, "The Koch brothers now have all our dollars, this proves they hate America!"  |
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Pillar of the Community
1325 Posts |
The only thing losing the $1 bill would hurt is exotic dancers in cheap neighborhoods. But $1 coin would have them as well "jingling baby".
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Replies: 33 / Views: 4,938 |
Posted 03/21/2014 7:24 pm
